On April 18, Guosen Securities announced that Cheng Fei resigned from his position as Vice President and other roles. This veteran in asset management chose to leave Guosen Securities after four years. Reports from Brokerage China indicate that Cheng Fei will join one of the leading institutions in the brokerage asset management industry—Shanghai Orient Securities Asset Management Co., Ltd. (hereinafter referred to as "Orient Red Asset Management"). Previously, on April 3, the former General Manager of Orient Red Asset Management, Zhang Feng, resigned for personal reasons, and the company's party secretary and chairman, Yang Bin, took over as the general manager. (Brokerage China)