Cheng Fei, former vice president of Guoxin Securities and chairman of Guoxin Asset Management, has been appointed as the general manager of Oriental Red Asset Management.

On May 9th, Shanghai Orient Securities Asset Management Co., Ltd. announced that Cheng Fei, former vice president of Guoxin Securities and chairman of Guoxin Asset Management, officially took office as the general manager of Orient Red Asset Management from May 9th, and chairman Yang Bin will no longer perform the duties of general manager.