On December 19, China-Canada Fund announced that Li Ying resigned as General Manager for personal reasons, and Chen Xin will serve as the acting General Manager.
Li Ying joined China-Canada Fund in August 2023 and became General Manager in June 2024.
In other words, she resigned before completing the regular three-year term.
Recently, there have also been some personnel changes and rumors regarding the shareholders of China-Canada Fund, including Beijing Bank and another public fund in Beijing.
<h2>Li Ying's Resignation</h2>
On December 19, China-Canada Fund announced that Li Ying resigned as General Manager for personal reasons.
Li Ying has worked for many years at Beijing Bank, the shareholder of China-Canada Fund.
From January 1996 to August 2009, Li Ying worked in various roles at Beijing Bank, including at the Beitaizhuang Branch, Planning and Finance Department, Interbank Department, and Investment Banking and Interbank Department. From August 2009 to June 2011, she served as the manager of the Bills Center (Office) of the Investment Banking and Interbank Department and the Bills Center (Office) of the Interbank and Bills Department, mainly engaged in interbank bills business. From June 2011 to December 2012, she was the Assistant General Manager of the Interbank Bills Department, mainly responsible for managing financial interbank business.
From December 2012 to September 2016, Li Ying served as the Deputy General Manager of the Interbank Bills Management Department at Beijing Bank, and from September 2016 to August 2023, she was the General Manager of the Interbank Bills Management Department.
Li Ying joined China-Canada Fund in August 2023 and became General Manager in June 2024.
In other words, she resigned before completing the regular three-year term.
<h2>Company Scale Steady but Slightly Declining During Tenure</h2>
During Li Ying's tenure, the scale of China-Canada Fund's public fund remained steady but slightly declined. By mid-2024, the scale of China-Canada Fund was 146.362 billion yuan, and by the end of September 2025, it was 136.038 billion yuan.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/e185fdd8-0194-451e-943d-106dc7edac9e.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/e185fdd8-0194-451e-943d-106dc7edac9e.png"/>
Moreover, by the end of September 2025, the fixed-income scale of China-Canada Fund still accounted for the vast majority, with bond and money market funds combined making up over 97% of the scale.
Considering the bank-based background of China-Canada Fund, such a product structure is often seen as relying on a strong shareholder.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/96fd4e45-16f4-44a9-894d-61bd0434a3d1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/96fd4e45-16f4-44a9-894d-61bd0434a3d1.png"/>
<h2>Chen Xin as Acting General Manager</h2>
Currently, China-Canada Fund has arranged for Chen Xin to serve as the acting General Manager.
Chen Xin also comes from Beijing Bank, but he joined China-Canada Fund much earlier.
From 1998 to 2013, Chen Xin worked at Beijing Bank; he joined China-Canada Fund in May 2013 and has served as Assistant Director, Deputy Director, and Director, and since June 2019, he has been the Chief Information Officer of the company
During his tenure, he was responsible for various business areas including information technology, institutional sales, fund operations, and centralized trading.
<h2>Frequent Personnel Changes</h2>
Recently, the personnel changes at Beijing Bank have attracted considerable attention.
Public information shows that the board of directors of Beijing Bank received a resignation letter from Chief Financial Officer Cao Zhuo. Cao Zhuo has resigned from the position of Chief Financial Officer for personal reasons, effective December 8, 2025.
In addition, there are industry reports that Liu Yanlei, who previously worked at Beijing Bank, has been appointed as the Director of the Financial Markets Department at Huaxia Bank's headquarters.
This also involves another public fund company.
Previously, Liu Yanlei joined Beijing Bank in August 2003, working at the Beitaipingzhuang Branch and the headquarters office. He later held positions such as Manager of the Comprehensive Office (Party Committee Office), Assistant Director of the Office (Party Committee Office), Deputy Director of the Office (Party Committee Office), General Manager of the Research and Development Department, Director of the Board Office, Board Secretary, Business Director, and Branch President.
Association information indicates that in June 2025, Liu Yanlei joined Beixin Ruifeng Fund. In August 2025, the relevant prospectus of Beixin Ruifeng Fund showed that he had been appointed as the Chairman of the company.
In November, Beixin Ruifeng Fund changed its legal name to Huayin Fund. This sparked discussions about whether the company's shareholders would change to Huaxia Bank. In December, Huaxia Bank responded on its investor platform that Huayin Fund is not a subsidiary of Huaxia Bank and that Huaxia Bank has not acquired Huayin Fund. The two parties will cooperate in business, channels, investment research, and other areas to better promote their respective high-quality development.
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