Zhao Xuejun, the veteran of the China Public Fund and the chairman of the Castrol Fund, is cooperating with relevant departments for investigation due to personal problems.

The Castrol Fund issued a temporary announcement on the official website stating that the company was informed from relevant aspects on Friday (August 9) that Zhao Xuejun was under investigation due to personal problems, and cooperating with the investigation matters had nothing to do with the company's fund business.

Announcement stated that Zhao Xuejun has resigned as chairman of the company.The board of directors of the company has made proper arrangements. The co -chairman An Guoyong Bank's chairman of the company's duties. The company's executives and investment and research teams are stable and operating all normal.

According to Xinhua Finance reports, the recent Chinese public offering industry is in a period of policy adjustment. Zhao Xuejun was investigated this time to attract attention within the industry.

In June, there were many media reports that the professional team of the National Audit Office of China has settled in more than ten heads of public fundraising funds. According to Xinhua Finance, it includes the Castrol Fund.

Public information shows that Zhao Xuejun graduated from Peking University's national economics major, joined the Castrol Fund in October 2000, from October 2000 to November 2017 as the company's party committee secretary, director and general manager.In November, he served as secretary of the party committee and chairman of the company until the investigation.Before joining the Castrol Fund, Zhao Xuejun was the deputy general manager of Dacheng Fund Management Co., Ltd., and held major management positions on futures companies, commodity exchanges, and import and export companies.