Mei Ri Jing Ji Xin Wen·2025-11-05 01:20Group 1 - China Cinda Asset Management plans to reduce its stake in Founder Securities by up to 1%, amounting to approximately 82.32 million shares, which represents 1% of the total share capital [1] - Currently, China Cinda holds 593.05 million shares in Founder Securities, accounting for 7.2% of the total share capital, with shares acquired through a private transfer [1] - The reduction period is set from November 26, 2025, to February 25, 2026, and is attributed to China Cinda's operational needs [1] Group 2 - Two Brazil-focused ETFs have seen strong demand, with subscription rates exceeding 11% for both, indicating robust investor interest in emerging markets [2] - The total scale of cross-border ETFs has approached 900 billion, highlighting the growing trend of global asset allocation among ordinary investors [2] - This surge in interest may prompt fund companies to accelerate their offerings in emerging market products, benefiting related ETF management firms [2] Group 3 - The fund issuance market has seen a resurgence, with two "sunshine funds" launched in a single day, each raising over 3 billion, indicating increased market participation [3] - Year-to-date figures show significant growth in stock and mixed fund issuance, with increases of 43.86% and 76.04% respectively compared to the previous year [3] - The rapid sell-out of these funds may enhance the valuation expectations for related fund companies and leading brokerages [3] Group 4 - China International Capital Corporation (CICC) recorded five block trades on November 4, totaling approximately 360.86 million shares and nearly 1.3 billion in transaction value [4] - The average transaction price was 36 yuan, reflecting a discount of 0.96% compared to the closing price, indicating active trading among institutions [4] - The recent block trades suggest a potential shift in long-term institutional holdings, although the short-term impact on stock prices may be limited [5]