Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-23 00:48Core Points - The announcement details the restrictions on large subscriptions for the CITIC Securities Investment Fund, limiting daily subscriptions to 1,000.00 RMB per account from October 28 to November 3, 2025 [1][2][3] - The fund will enter its second closed period from November 4, 2025, to February 3, 2031, after the current open period ends [3][4] - The fund's total share limit is set at 8 billion shares, with measures in place to suspend subscriptions if this limit is approached [11][12] Subscription and Redemption Details - The first subscription limit for investors through other sales institutions is set at 100 RMB, while direct sales center subscriptions have a minimum of 20,000 RMB [5] - The fund management may adjust subscription limits and fees as necessary, with prior announcements required [6][7] - Redemption requests must be for at least one share, and the management can adjust redemption limits as well [13][14] Fund Management and Operations - The fund will not open conversion or regular investment plans at this time, with future announcements expected [17][18] - The fund management will disclose net asset values regularly through various channels, ensuring transparency [18][19] - The management emphasizes the protection of existing shareholders' interests during subscription and redemption processes [10][21]