瞄准“星辰大海”，费率创新共赢：中银品质新兴混合正式“启航”

Core Insights - The launch of the new floating fee rate product, Zhongyin Quality Emerging Mixed Fund, marks a significant development in the fund management industry, aligning with regulatory initiatives to enhance fund performance linkage to management fees [1][2] - The fund employs a unique floating management fee mechanism based on holding period and excess return, which is designed to incentivize performance and align interests between fund managers and investors [1][2] Fund Structure and Fee Mechanism - The floating management fee structure includes a 1.20% annual fee for holding periods under one year, while longer holding periods will have tiered fees of 0.60%, 1.20%, and 1.50% based on performance relative to a benchmark [1][2] - The performance benchmark for the fund consists of the CSI 300 Index (60%), Hang Seng Index (15%), China Bond Composite Index (20%), and bank demand deposits (5%), reflecting a diversified approach to performance measurement [2] Fund Management and Performance - The fund will be managed by Li Sijia, who has a comprehensive background in various sectors, aiming to achieve stable risk-adjusted returns through diversified income sources [2] - Li Sijia's previous management of the Zhongyin Strategic Emerging Industry Equity Fund yielded a 43.92% return over the past year, significantly outperforming the benchmark return of 15.37% [2][4] Market Context and Opportunities - The emergence of DeepSeek has triggered a global reassessment of Chinese tech assets, creating favorable conditions for sectors such as humanoid robots, artificial intelligence, and semiconductors [2] - The rapid growth of overseas AI applications is expected to drive investment opportunities in computing power-related sectors, indicating a structural demand surge [2]