A Billion-Dollar Fund's "DNA Reconstruction" Experiment: Central Huijin's Entry, Management Reshuffle, and Sustained Performance Growth

Deep News12-22 18:46

As the year-end approaches, the race for performance among public funds has entered its final sprint. By December 11, 2025, four funds have quietly surpassed the 140% return threshold, vying for top positions in annual rankings. Among them, Xinda Australia Performance-Driven Fund (R3-Medium Risk) has delivered a year-to-date return of 141.95%, ranking second among all partial equity hybrid funds over the past two years with a 209.53% return.

This is not an isolated case. Xinda Australia boasts five other products with returns exceeding 90% over two years, including two that have doubled in value. Behind this performance lies a strengthened investment research framework and disciplined execution under new management. The firm is balancing short-term gains with long-term strategies, seeking a sustainable path forward.

A pivotal change occurred in June 2025 when Xinda Australia was integrated into the Central Huijin system, marking a strategic shift toward "quality-driven" growth. This transition has spurred product innovation, research upgrades, and the implementation of the HAI quantitative framework, collectively forming a robust foundation for future resilience.

In the equity space, Liu Xiaoming's Xinda Australia Performance-Driven Fund has achieved a 141.95% return in 2025, ranking fourth among active equity funds. Over two years, its return reached 209.53%. Other standout products managed by Wu Qingyu and Zhang Mingye have also delivered over 80% returns this year, showcasing the team's market acumen.

On the fixed-income side, Xinda Australia has built a defensive "shield" to complement its equity "spear." Yang Bin and Zhou Shuai's pure bond funds have yielded around 10% over three years, while Zhang Min's credit bond fund posted a 19.77% return in 2025. The firm's balanced approach is evident in its AUM growth, surpassing 110 billion yuan by Q3 2025, with non-monetary funds exceeding 64 billion yuan.

The firm's research-driven philosophy has earned 11 products "five-star" ratings from Ji'an Jinxin Fund Evaluation Center. Its expansion into multi-asset strategies—including fixed income, quant, and FOF—reflects a broader industry shift toward absolute returns. The HAI platform exemplifies this, combining human and artificial intelligence to enhance transparency and performance attribution.

A significant turning point came on June 5, 2025, when Central Huijin became Xinda Australia's controlling shareholder, unlocking cross-border opportunities like QDII innovations in overseas REITs and tech stocks. This was followed by a leadership transition in December, with industry veteran Fang Jing assuming the CEO role after serving as acting head since September.

Fang's diverse experience across insurance, banking, and asset management positions him to leverage Huijin's resources while maintaining Xinda Australia's dual focus on equities and fixed income. His appointment signals the firm's commitment to high-quality growth in an era of industry maturation.

As Xinda Australia navigates this transformation, its success will hinge not on short-term rankings but on the synergy between its investment wings, research depth, and strategic partnerships—a formula designed to weather market cycles and deliver enduring value.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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