On March 13, 2026, the Faculty of Finance of City University of Macau held a finance seminar at Ho Yin Conference Center on Taipa Campus. The seminar featured Mr. Hu Ping, Research Director of Quantitative Department at Xuanyuan Investment, was invited as the keynote speaker. The seminar focused on the theme "Development History of China Private Securities Fund Industry”. Distinguished guest included Associate Dean Eva Khong of the Faculty of Finance.
During the seminar, Mr. Hu pointed out that after three decades of transformation, China private securities fund industry has become a significant "new force" in the capital market. Data shows that as of the third quarter of 2025, the total scale of China private securities funds had reached RMB21.99 trillion, with the scale of private securities funds exceeding RMB5.9 trillion, demonstrating strong growth momentum and market influence. Private funds have grown from a marginal supplementary force to a core participant in the capital market. Their influence is not only reflected in scale expansion but has also deeply permeated multiple dimensions, including the primary market, secondary market, industrial integration, and global capital flows. Meanwhile, Mr. Hu analyzed the significant differences in wealth management logic between private and public securities funds. The three core differences lie in investor thresholds and service targets, regulatory and operational mechanisms, and incentive mechanisms. Additionally, the development direction and operational characteristics of private securities funds involve specializing in specific strategies, whereas public securities funds pursue diversified types and directions. The two are gradually forming a market structure that complements and coexists. At the regional development level, with the advancement of the "Master Plan of the Development of the Guangdong-Macao Intensive Cooperation Zone in Hengqin", industry institutions are actively responding to policies. Leveraging its professional expertise in the financial field, Xuanyuan Investment collaborates with multiple parties to build a highland for cultivating young talents in the Guangdong-Macao region and promotes the establishment of a financial internship base for Macau universities. Its core values lie in talent integration, industry-education integration, and ecosystem co-construction. This injects strong momentum into promoting the moderate diversified development of Macau's industries and deeply integrates into and contributes to the prosperous construction of the Greater Bay Area's financial industry ecosystem.
During the Q&A session, students actively engaged with Mr. Hu. Mr. Hu remarked that the students' questions were very detailed, demonstrating deep thinking about the industry. He also elaborated on Xuanyuan Investment's corporate structure, investment background, and the company's talent recruitment model. Students expressed their keen anticipation for future cooperation with Mr. Hu and Xuanyuan Investment. Finally, the faculty and students of the Faculty of Finance once again thanked Mr. Hu for his insightful analysis and experience sharing, which provided students with a deeper understanding of the practical operations and career prospects in the private securities fund industry.