Group 1 - The core viewpoint is that the recent recovery in the equity market presents an opportunity for the CITIC Prudential CSI A500 Index Enhanced Fund, which aims to leverage the index's potential for higher odds and returns [1][2] - The fund manager, Jiang Peng, believes that the A-share market is undergoing structural changes, with mid-cap assets that have been undervalued likely to see a return to normal winning rates [1][2] - The CSI A500 Index combines characteristics of both large-cap and mid-cap stocks, with about 70% of its constituent stocks overlapping with the CSI 300, making it a favorable choice in the current market environment [2] Group 2 - Jiang Peng emphasizes the importance of balancing three key aspects in index enhancement: factors, risk control, and trading [2][3] - The factor selection strategy includes approximately 60% fundamental factors, focusing on profitability quality and growth stability, while the remaining 40% targets trading behavior and volume-price factors [2] - In risk control, a dynamic approach is adopted, allowing for greater deviations for fundamentally strong companies while tightening constraints for those with poor liquidity or negative sentiment [3] Group 3 - The trading aspect is described as a long-term project requiring continuous optimization of execution details, with public quantitative trading facing more constraints compared to private equity [3] - Recent efforts include incorporating unstructured information into factor research, utilizing sentiment analysis and semantic judgment to extract quantifiable factors from historical reports [3] - The fundamental investment logic revolves around two main strategies: identifying and extending momentum in strong fundamentals and capitalizing on rebounds from low points [3]

Group 1 - Recent executive changes at CITIC Prudential Asset Management Co., Ltd. include the appointment of Chen Zhengyu as General Manager effective from August 19, 2025 [1] - Chen Zhengyu has a background primarily in the banking sector, having worked at various positions in CITIC Bank and served as General Manager of CITIC Bank (Hong Kong) Investment Co., Ltd. before transitioning to the insurance industry [1] - The previous General Manager, Zhao Xiaofan, left due to reaching retirement age in April 2024 and was later investigated for serious violations of discipline and law [2] Group 2 - CITIC Prudential Asset Management, a wholly-owned subsidiary of CITIC Prudential Life Insurance Co., Ltd., was established on March 31, 2020, with a registered capital of 500 million yuan [2] - In 2024, CITIC Prudential Asset Management reported operating revenue of 444 million yuan, a year-on-year increase of 31.75%, and a net profit of 188 million yuan, up 34.29%, ranking 18th among 34 insurance asset management companies [2] - The company heavily relies on its parent company for revenue, with asset management fee income of 357 million yuan, of which 281 million yuan came from entrusted asset management fees from CITIC Prudential Life, accounting for nearly 80% [2] Group 3 - CITIC Prudential Life Insurance experienced significant fluctuations in net profit, reporting a loss of 796 million yuan in 2023 and an increased loss of 1.064 billion yuan in 2024 [2] - In the first half of the current year, under new insurance contract and financial instrument standards, CITIC Prudential Life achieved insurance business income of 18.856 billion yuan, a year-on-year increase of 11.36%, and a net profit of 1.026 billion yuan, successfully turning around from losses compared to the same period last year [2]

| 香港交易及結算所有限公司、香港聯合交易所有限公司及新加坡證券交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何 | | | --- | --- | | 聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 | | | | 股票發行人現金股息（可選擇貨幣及以股份代替）公告 | | 發行人名稱 | Prudential plc 保誠有限公司* (* 僅供識別) | | 股份代號 | 02378 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 考慮派發二零二五年第一次中期股息所依據的建議記錄日期 | | 公告日期 | 2025年8月22日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 有待公佈 | | 股東批准日期 | 不適用 | | 預設選項 | 現金 | | 代息股份信息 | | | 現金股 ...

Group 1 - The company Prudential (02378) announced a share buyback plan, intending to repurchase 296,140 shares at a total cost of £2.9714 million [1] - The buyback price per share is set between £9.94 and £10.09 [1] - The buyback is scheduled to take place on August 21, 2025 [1]

智通财经APP讯，保诚(02378)发布公告，于2025年8月21日斥资297.14万英镑回购股份29.65万股，每股 回购价格为9.94-10.09英镑。 ...

格隆汇8月22日丨保诚(02378.HK)公告，8月21日耗资297.1万英镑回购29.6万股。 ...

如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： Prudential plc 保誠有限公司* (* 僅供識別) 呈交日期： 2025年8月22日 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02378 | 說明 | 普通股每股0.05英鎊 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 事件 | | | 已發行股份（不包括庫存股份）變動 | ...

Group 1 - The core viewpoint of the articles is that the A-share market is experiencing a gradual recovery in sentiment, with structural opportunities emerging, particularly in mid-cap growth stocks that were previously undervalued [1][2] - The market is entering a critical window for style rebalancing, with a shift in risk appetite towards rational equilibrium, leading to potential investment opportunities in quality mid-cap growth stocks driven by valuation recovery and performance improvement [1][2] - The launch of the CITIC Prudential CSI A500 Index Enhanced Securities Investment Fund aims to capture excess returns through quantitative models amid changing market styles [1][2] Group 2 - The CITIC Prudential CSI A500 Index is seen as having high cost-effectiveness for allocation, with a significant overlap with the CSI 300 Index and inclusion of high-growth sectors like semiconductor equipment and industrial robots [2] - The index reflects the performance of 500 representative listed companies across various industries, aiming to depict the overall performance of core assets amid China's economic transformation [2] - The investment strategy focuses on both fundamental analysis and quantitative factors, with a particular emphasis on identifying mispriced opportunities in mid-cap stocks [3][5] Group 3 - The quantitative enhancement strategy is divided into two approaches: one focusing on fundamental alpha factors for stocks overlapping with the CSI 300 Index, and the other leveraging quantitative factors to identify mispriced mid-cap stocks [3][5] - The team has shifted from static risk analysis to a more dynamic risk management approach, allowing for customized risk thresholds based on various factors such as sentiment and liquidity [5][6] - Continuous iteration and adaptation of quantitative strategies are emphasized, particularly in response to changing market conditions and the effectiveness of different factors [4][5]

Group 1 - The A-share market is experiencing a gradual recovery in sentiment, with structural opportunities emerging, indicating a key time window for style rebalancing [1] - The launch of the CITIC Prudential CSI A500 Index Enhanced Securities Investment Fund aims to capture excess returns through quantitative models amid changing market styles [1][2] - The CSI A500 Index is seen as having high cost-effectiveness for allocation, with a significant overlap with the CSI 300 Index and representation of high-growth sectors like semiconductor equipment and industrial robots [2] Group 2 - The quantitative enhancement strategy for the CSI A500 Index can be divided into two approaches: focusing on fundamental alpha factors for overlapping stocks and utilizing price-volume factors for mid-cap stocks [3] - The team emphasizes the importance of dynamic risk control, adapting to market changes and allowing for customized risk deviation thresholds based on various factors [5][6] - Continuous iteration and reflection in quantitative investment strategies are crucial, with the team striving to optimize trading behaviors and find more scientific alternatives due to regulatory constraints [4][6]

Core Viewpoint - Prudential (02378.HK) announced a share buyback plan, intending to repurchase 300,000 shares at a cost of £2.97 million by August 20, 2025 [1] Company Summary - The company plans to execute the buyback as part of its capital management strategy [1] - The total expenditure for the buyback is set at £2.97 million, which indicates a strategic move to enhance shareholder value [1]