Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-22 00:55Core Points - The article discusses the launch of the Penghua RuiXiang 180-Day Holding Period Bond Fund, which has received regulatory approval and is set to be publicly offered from November 3 to November 21, 2025 [1][4][18]. Fund Overview - The fund is a contract-based open-end bond fund with a minimum holding period of 180 days for each fund share [11][12]. - The fund's initial share value is set at 1.00 RMB [13]. - The maximum fundraising target for the fund is 5 billion RMB, excluding interest accrued during the fundraising period [14][32]. Subscription Details - The fund is open to individual investors, institutional investors, and qualified foreign investors, with specific restrictions on financial institutions' proprietary accounts [3][16]. - The minimum subscription amount for each transaction account is 1 RMB, while the initial subscription through the direct sales center is set at 1 million RMB [29][37]. - Investors can make multiple subscriptions during the fundraising period, but once a subscription application is accepted, it cannot be withdrawn [6][28]. Fund Management and Operations - The fund is managed by Penghua Fund Management Co., Ltd., with Bank of China serving as the custodian [2][3]. - The fund's sales institutions include both direct sales and other sales channels, with specific contact information available in related announcements [17][4]. Fund Contract and Effectiveness - The fund contract will become effective if the total number of shares raised reaches at least 200 million, with a minimum of 2 billion RMB raised by the end of the fundraising period [50]. - If the fundraising conditions are not met, the fund manager will return the raised funds with interest within 30 days [51].