Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-05-05 13:43Investment Account Overview - AIA Shanghai Preferred Balanced Investment Account was established in accordance with the regulations of the former China Insurance Regulatory Commission [1] - In 2020, several regional investment accounts were merged into the AIA Shanghai Preferred Balanced Investment Account, which was renamed AIA Preferred Balanced Investment Account, with unchanged asset allocation goals and strategies [2] Investment Strategy and Objectives - The investment account aims for stable investment returns and long-term asset value growth by balancing equity and fixed-income asset allocations while maintaining sufficient liquidity [4] - The investment range includes financial instruments permitted by the National Financial Regulatory Authority, such as publicly issued stocks, securities investment funds, bank deposits, and various types of bonds [4][16] Investment Composition - The total investment in stocks and stock-related securities must be between 30% and 70% [5] - Fixed-income assets must also range from 30% to 70% of the total investment [6] - Specific conditions allow for flexibility in investment composition under certain circumstances, such as low net asset values [6] Performance Overview - The investment return is calculated based on the change in selling price from the previous period [8] - The asset management fee for the investment account is set at an annual rate of 1.5% [9][22] Asset Management and Valuation Principles - The investment account's assets are primarily valued at fair value upon acquisition, with costs calculated using the FIFO method upon sale [10] - Various valuation methods are applied for different asset types, including stocks, bonds, and funds, based on market conditions [11][24] Risk Factors - The investment account is subject to various risks, including market risk, credit risk, and liquidity risk, among others [7][18]