Shang Hai Zheng Quan Bao·2025-09-16 18:57Core Viewpoint - The article announces the registration and upcoming public offering of the "Caitong Asset Management Hongyao 90-Day Holding Period Bond Fund," which is a bond-type securities investment fund approved by the China Securities Regulatory Commission (CSRC) [1][2]. Fund Overview - The fund is classified as a bond-type securities investment fund and operates as a contractual, open-ended fund [1][14]. - The fund's A-class and C-class share codes are 024303 and 024304, respectively [2]. Fund Management and Custody - The fund is managed by Caitong Securities Asset Management Co., Ltd., and the custodian is Agricultural Bank of China [2][45]. Fund Offering Details - The public offering period is set from October 9, 2025, to October 24, 2025 [3][20]. - The maximum fundraising limit for the initial offering is set at 3 billion RMB, excluding interest accrued during the fundraising period [4]. Subscription Process - Investors can subscribe to the fund through designated sales institutions, including the fund management company's direct sales platform [5][18]. - The minimum initial subscription amount at the direct sales counter is 50,000 RMB, while subsequent subscriptions can be as low as 1 RMB [6][25]. Subscription Confirmation and Fees - Subscription applications will be confirmed based on the total amount received, with a specific calculation method for last-day applications if the total exceeds the maximum limit [4][5]. - The fund will charge different subscription fees for pension clients compared to other investors, with C-class shares having no subscription fee [23][24]. Fund Holding Period - Each share of the fund has a minimum holding period of 90 days, during which investors cannot redeem their shares [11][14]. Fund Duration and Initial Value - The fund has an indefinite duration, and the initial value of each share is set at 1.00 RMB [15][16]. Investor Eligibility - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by law or the CSRC [2][17]. Fund Registration and Effectiveness - The fund's contract will become effective once the fundraising conditions are met, including a minimum of 200 investors and a total fundraising amount of at least 200 million RMB [20][43].