# Fangzheng Fubon

Once a 'Xinhua' Star, Cui Jianbo Falls Silent as Fangzheng Fubon’s Equity Push Stalls

Fangzheng Fubon announced on 25 February that veteran manager Cui Jianbo had relinquished responsibility for a 12‑month holding mixed fund, highlighting a disappointing five‑year tenure during which his flagship fund returned roughly 0.5%. The episode exposes Fangzheng Fubon’s structural bias toward fixed‑income and money‑market products, misaligned resource allocation among equity managers, and broader challenges facing active equity managers in China.