降低投资者成本”诚意100%，华宝基金“试水”基金直销认/申购费率降到0%

Core Viewpoint - The implementation of the "Regulations on the Management of Sales Expenses for Publicly Raised Securities Investment Funds" starting January 1, 2026, has prompted the fund industry to actively respond to the concept of "high-quality development" and effectively reduce investor costs. Huabao Fund announced a fee rate of 0% for fund subscription and new fund subscription through its designated direct sales platform starting January 8, 2026, demonstrating its support for the new fee regulations in the public fund industry [1][2]. Group 1 - Starting January 8, 2026, Huabao Fund will implement a 0% fee rate for all publicly offered fund products that are in normal subscription status and for new funds during their subscription period through its direct sales platform [2][3]. - Huabao Fund, established in 2003, has developed into a comprehensive asset management institution with various business lines, including active equity investment, sustainable investment, index/quantitative innovation, fixed income investment, global asset allocation, FOF, and separate account investment [2][3]. - As of the end of Q3 2025, Huabao Fund managed a total public fund asset scale of 402.3 billion yuan, ranking in the upper-middle tier of the Chinese public fund industry [2][3]. Group 2 - Huabao Fund manages approximately 160 public fund products, including equity, mixed, bond funds, QDII, FOF, and money market funds as of September 30, 2025 [3]. - The newly launched Huabao Advantage Industry Mixed Fund, managed by top-performing fund manager Zheng Yingliang, is set to be issued from January 5 to January 23, 2026, focusing on stocks benefiting from China's economic development and structural transformation [3][4]. - Zheng Yingliang has demonstrated exceptional investment capabilities in the technology sector, with his managed Huabao Core Advantage Fund achieving a 144.70% return over the past three years, ranking first among 410 similar funds [4][5]. Group 3 - The Huabao Advantage Industry Fund aims to invest in stocks with a focus on growth potential, utilizing a combination of top-down and bottom-up strategies [4][5]. - Zheng Yingliang emphasizes the importance of understanding the lifecycle of industries and adjusting investment strategies accordingly, focusing on high-quality growth stocks at reasonable prices [5][6]. - The macroeconomic environment in 2026 is expected to be favorable for market development, with signs of recovery in industrial profits and potential price increases benefiting upstream and midstream industries [6].