Beyond the good collar

• Source: Global Times
• [21:48 July 19 2009]
• Comments

By Guo Lu

Illustration: Peter C. Espina

Mutual fund manager Fang Hong’s weekdays typically begin when he wakes up at 6 am, and goes to his Guangzhou office at 7:30 am. He finishes his morning duties before 10 am and flies to Beijing at 2 pm for a two-hour project meeting, then returns to Guangzhou where he continues the rest of his work at 8 pm and returns home at 1 am.

“You can see I don’t have much time on my own. My job takes up a large part of my life,” said Fang. Dressed in a blue shirt and a black tie, Fang told the Global Times about his daily life managing millions in funds for some of the largest institutions in the nation at Guangfa Securities.

Guangfa Securities is the sixth largest brokerage on the mainland. According to the latest data from the Wind Info, a mainland financial service provider, there are over 450 mutual fund managers from 34 fund firms in China who are controlling 482 catalogs of mutual funds for a total value of 1.2 trillion yuan ($175.63 billion) as of the first quarter of this year.