On May 30, Invesco Great Wall Fund issued an announcement stating that Chairman Li Jin resigned due to the expiration of his term of office, and the company's general manager Kang Le will perform his position as chairman, and the term of acting shall not exceed 6 months.
Rescue information shows that Li Jin has served as deputy general manager, general manager and member of the Party Leadership Group of China Huaneng Finance Co., Ltd., general manager and member of the Party Committee of Yongcheng Property Insurance Co., Ltd., deputy general manager, general manager, vice chairman and secretary of Huaneng Capital Service Co., Ltd., and took over as chairman of Invesco Great Wall Fund in September 2020. He is currently a full-time director and supervisor of China Huaneng Group Co., Ltd. and a director of Huaneng Lancangjiang Hydropower Co., Ltd.
From 2022 to 2024, Invesco Great Wall Fund's performance continued to decline, with revenues of 4.234 billion yuan, 3.83 billion yuan and 3.373 billion yuan, respectively, down 6.34%, 9.53% and 11.93% year-on-year; net profits during the same period were 1.368 billion yuan, 1.175 billion yuan and 951 million yuan, respectively, down 2.46%, 14.05% and 19.09% year-on-year respectively.
Before Chairman Li Jin left office, Bao Wuke, star fund manager of Invesco Great Wall Fund, stepped down as eight funds under his jurisdiction and resigned from the company. Since joining Invesco Great Wall Fund in December 2009, Bao Wuke has worked at Invesco Great Wall for nearly 16 years and has been a fund manager for 10 years.
Recently, the performance of Invesco Great Wall Jingli Growth Mixed Fund, a subsidiary of Invesco Great Wall Fund, has attracted market attention. The fund was established on May 7, 2021. As of June 4, 2025, the net value of Class A shares has fallen by 27.61%, the net value has fallen by 12.61% in the past year, and the net value in the past three months has fallen by 14.15%.
Invesco Great Wall Jingli Growth Mixed Fund added Class C shares on April 18, 2025. As of June 4, 2025, the net value of Class C shares since its establishment fell by 4.28%.
As of the end of the first quarter, Invesco Great Wall Jingli Growth Mixed Fund's Class A shares underperformed the performance benchmark by 21.85 percentage points since its establishment. Invesco Great Wall Jingli Growth Mixed Fund holds 93.32% of the total assets of the fund and does not hold bonds. The top ten holdings are Aixu Shares, Junda Shares, Oriental Cables, Urban Construction Development, Poly Development, China Merchants Shekou, Longi Green Energy, Jingao Technology, Tebao Biology, Mengsheng Electronics, etc.
Invesco Great Wall Jingli Growth Mixed Fund's first quarter report shows that Ningbo Oriental Cable Co., Ltd. was punished by the local Transportation Bureau within one year before the report was prepared. Invesco Great Wall Fund stated that the fund manager of Invesco Great Wall Jingli Growth Mixed Fund invested in securities issued by the above entities through normal investment decision-making procedures based on the fund contract and company investment management system.
Risk warning: The views are for reference only and do not constitute investment advice. The market is risky, so be cautious when investing. The fund's past performance does not represent future performance, and the performance of other funds managed by the fund manager and fund manager does not constitute a guarantee of the performance of this fund.
