BOCIC(SH:601696) Sou Hu Cai Jing·2025-07-28 08:32Core Viewpoint - The announcement from Zhongyin International Securities indicates the termination and liquidation of the Zhongyin Securities Huize Jinqu 3-Month Holding Mixed Fund of Funds (FOF) due to its net asset value falling below 200 million yuan, as stipulated in the fund contract [1][2]. Fund Termination Details - The fund contract became effective on July 7, 2022, and the termination clause is triggered if the net asset value is below 200 million yuan three years after the contract's effective date [1]. - As of July 7, 2025, the fund's net asset value was reported to be below 200 million yuan, leading to the initiation of liquidation procedures without the need for a shareholder meeting [2]. Fund Performance - The cumulative net asset values for the fund's classes A and C were reported as 0.7958 yuan and 0.7863 yuan, respectively, with cumulative returns of -20.42% and -21.37% [2]. - The fund was managed by Qi Haining and Chen Letian for a period of 2 years and 80 days, achieving a return of -16.81% during their tenure [2][3]. Fund Manager Background - Qi Haining joined Zhongyin International Securities in October 2014 and has held various roles, including product manager and researcher [5]. - Chen Letian has extensive experience in financial analysis and has held positions at several financial institutions before joining Zhongyin International Securities in May 2022 [5]. Other Managed Funds - Qi Haining and Chen Letian also manage two other funds: Zhongyin Securities Huize Stable 3-Month Holding Mixed FOF and Zhongyin Securities Huize Balanced 3-Month Holding Mixed FOF, both of which have underperformed compared to their peers over the past two years [6].