Shang Hai Zheng Quan Bao·2025-10-23 18:16Group 1 - The fund is named "Huaxia Anbo Warehousing Logistics Closed-End Infrastructure Securities Investment Fund" and is approved for issuance by the China Securities Regulatory Commission [9][14] - The total number of fund shares approved for issuance is 400 million, with 280 million shares allocated for strategic placement, 84 million for offline issuance, and 36 million for public investors [10][14] - The fund primarily invests over 80% of its assets in infrastructure asset-backed securities, aiming to obtain stable cash flows from infrastructure projects [2][10] Group 2 - The fund operates on a closed-end basis, meaning it does not allow subscription or redemption, and shares can be traded on the Shenzhen Stock Exchange [3][14] - The pricing for the fund's shares will be determined through an offline inquiry process, with a price range set between 5.103 yuan and 6.235 yuan per share [12][43] - Strategic investors must hold their shares for a minimum of 12 to 60 months, depending on the portion of shares held [17][24] Group 3 - The fund's management emphasizes the unique risk-return characteristics of infrastructure funds compared to traditional public funds [2][4] - Investors are required to understand the specific risks associated with infrastructure projects, including operational risks and market conditions [5][6] - The fund's expected risk and return profile is higher than bond funds but lower than equity funds [2][4]