月内新发基金规模超900亿元；兴证全球基金新加坡子公司获批丨天赐良基早参

Group 1 - The total net asset value of public funds in China reached a record high of 33.74 trillion yuan as of the end of May 2025, marking the eighth consecutive record since 2024 [1] - The number of public fund products also hit a new high, totaling 12,772, an increase of 67 products from April [1] Group 2 - A total of 60 qualified domestic institutional investors received approval for a new round of QDII quotas, amounting to a combined 2.12 billion USD [2] - Notable fund companies such as E Fund, GF Fund, and others received individual QDII quotas of 50 million USD, while several other institutions received varying amounts between 10 million to 40 million USD [2] Group 3 - In June, the scale of newly launched funds exceeded 90 billion yuan, with bond funds dominating the issuance [3] - Mixed FOF funds emerged as the top fundraising category in June, raising 6.573 billion yuan, while the issuance of passive index products saw a decline [3] Group 4 - The China Securities Regulatory Commission approved the establishment of a subsidiary in Singapore by Xingzheng Global Fund, with a registered capital of 10 million SGD [4] - The subsidiary is restricted to conducting financial or related businesses and is prohibited from engaging in non-financial activities [4] Group 5 - The head of quantitative index and multi-asset departments at CICC Fund emphasized the importance of long-term investment strategies for achieving sustainable excess returns [5] - The focus should be on high-quality assets with significant "double high" characteristics, specifically those meeting the criteria of high and stable ROE and high safety margins [5] Group 6 - Looking ahead to the second half of 2025, it is anticipated that domestic economic growth will be further supported by ongoing policy initiatives, enhancing the profitability of listed companies [6] - Long-term capital is expected to increase its allocation to A-shares, benefiting quality companies with effective governance and innovative growth potential [6] Group 7 - Gao Xiyang resigned as the manager of Yimin Innovation Advantage Mixed Fund due to personal reasons, with Zhang Ting continuing the management of the fund [7] - Gao Xiyang also stepped down as the deputy general manager of Yimin Fund and will not transition to another position within the company [7] Group 8 - On June 27, the market experienced fluctuations, with the Shanghai Composite Index falling by 0.7% while the Shenzhen Component Index and the ChiNext Index rose by 0.34% and 0.47%, respectively [8] - The trading volume in the Shanghai and Shenzhen markets was 1.54 trillion yuan, a decrease of 42.1 billion yuan from the previous trading day [8]