| 基金募集申请获中国证监会核准的文 | | | 证监许可 2025 240 号 | | --- | --- | --- | --- | | ਫੇ | | | | | 基金募集期间 | | 2025年5月19日至2025年6月6日 | | | 验资机构名称 | | | 容诚会计师事务所(特殊普通合伙) | | 募集资金划入基金托管专户的日期 | | | 2025年6月10日 | | 募集有效认购总户数(单位:户) | | | 7989 | | 份额类别 | 嘉实汇明 7个月 | 嘉实汇明 7个月封 | 合计 | | | 封闭运作纯债 A | 闭运作纯债 C | | | 募集期间净认购金额(单位:元) | 494. 254. 058. 92 | 2, 250, 426, 190, 97 | 2. 744. 680. 249. 89 | | 认购资金在募集期间产生的利息(单 | 255.488.95 | 1.079. 311. 92 | 1, 334, 800, 87 | | 位:元) | | | | | 有效认购份额 募集份额(单位:份) | 494.254.058.92 | 2, 250, 426, 190, ...

Core Viewpoint - The public fund industry continues to show strong dividend distribution activity, with multiple funds from Harvest Fund announcing collective dividends, enhancing investor experience and satisfaction [1][2][3] Fund Distribution - Harvest Fund announced dividends for 14 products, including bond funds, active equity funds, ETFs, and REITs, with bond funds being the primary contributors [1] - The Harvest Ultra-Short Bond Fund has achieved a total of 193 dividend distributions since its inception in April 2006, with cumulative dividends amounting to nearly 3.4 billion yuan [1] - The A500 ETF, launched in October 2024, has seen significant trading activity with a cumulative transaction amount exceeding 380 billion yuan and an average daily transaction amount over 2 billion yuan [1] Active Equity Funds - The Harvest Theme Selection Mixed Fund has distributed dividends totaling over 11 billion yuan, marking its second distribution in 2025 after a previous one in April [2] - The fund has a total of 27 dividend distributions since its establishment in July 2006, reflecting the stability and sustainability of Harvest's dividend strategy [2] REITs - The Harvest JD Warehouse Infrastructure REIT has announced its first dividend for 2025, with a total of 6 distributions since its inception, amounting to over 150 million yuan [2] Overall Dividend Performance - Since its establishment, Harvest Fund has prioritized investor satisfaction, with a total of 1,444 dividend distributions and cumulative dividends of 106.68 billion yuan by the end of 2024 [3] - As of July 10, 2025, the total dividends distributed by Harvest Fund this year reached 5.397 billion yuan [3]

| 基金募集申请获中国证监会 核准的文号 | | 证监许可〔2025〕 1145 号 | | | --- | --- | --- | --- | | 基金募集期间 | | 2025年7月1日至2025年7月21日 | | | 验资机构名称 | | 容诚会计师事务所(特殊普通合伙) | | | 募集资金划入基金托管专户 的日期 | | | 2025年7月23日 | | 募集有效认购总户数(单位: | | | 23010 | | 户) | | | | | 份额类别 | 嘉实国证自由现 | 嘉实国证自由现 | 合计 | | | 金流 ETF 联接 A | 金流 ETF 联接 C | | | 墓集期间净认购金额(电位: | 1.435.423.347.30 | 214.010.112.02 | 1.649.433.459.32 | | 元) | | | | 中国经济网北京7月24日讯 今日，嘉实基金发布嘉实国证自由现金流交易型开放式指数证券投资基 金联接基金基金合同生效公告。 | 认购资金在募集期间产生的 | | 837,203.83 | 54,672.11 | 891,875.94 | | --- | --- | ...

Core Viewpoint - Hengxuan Technology has experienced a continuous decline in stock price over the past seven trading days, with a cumulative drop of -10.35% [1]. Company Overview - Hengxuan Technology (Shanghai) Co., Ltd. was established in 2015 and focuses on the research and development of ultra-low power consumption technology, smart audio and video interaction technology, and wireless communication connection technology, targeting the future smart wearable and smart home markets with its wireless ultra-low power computing SoC chips [1]. Shareholder Activity - In the second quarter of this year, the Jiashi Fund's Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF reduced its holdings in Hengxuan Technology, which is among its top ten shareholders [1]. Fund Performance - The Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF has achieved a year-to-date return of 12.54%, ranking 1113 out of 3135 in its category [1][2].

Group 1: ETF Market Overview - The ETF market in China has shown significant growth in both scale and number, reaching a total market size of 42,236.60 billion yuan with 1,194 products as of July 15, 2025 [1][9][24] - Stock ETFs dominate the market, accounting for 72.45% of the total market size, with a scale of 30,602.16 billion yuan, while thematic ETFs lead in product quantity with 459 products [1][10][25] - The average management fee for ETFs is 0.28%, and the average custody fee is 0.07%, which are lower than those of open-end stock and bond funds [1][14][15] Group 2: Development Stages of the ETF Market - The development of the ETF market in China can be divided into three stages: initial development (2004-2008), continuous expansion (2009-2017), and rapid growth (2018-present) [2][22] - The market size surged from 18,423.26 billion yuan in 2023 to 35,613.43 billion yuan in 2024, marking a 93.31% increase, primarily driven by the central financial account's increased holdings in large-scale ETFs [2][27][31] Group 3: Comparison with International Markets - Compared to Japan and the United States, China's ETF market still has room for improvement, with Japan's central bank's long-term purchasing strategy serving as a potential model for China's central financial account [2][34][42] - The U.S. ETF market is the largest globally, with a total asset size of approximately 10.98 trillion USD and 3,913 products, showcasing a more mature market structure [42][44] Group 4: Innovation Directions in the ETF Market - The current innovation in China's ETF market includes the introduction of index-enhanced ETFs, margin trading ETFs, Hong Kong Stock Connect ETFs, and technology innovation bond ETFs [3][47][56] - Future innovation directions may focus on incorporating ESG risk considerations in index compilation, expanding underlying assets to multi-asset ETFs, and increasing the coverage of T+0 trading mechanisms [3][58][62]

Group 1 - The QDII fund market has recently attracted attention due to premium issues, with multiple funds issuing risk warning announcements frequently, some exceeding 20 times in a single month [1][2] - On August 5, the Invesco Great Wall Nasdaq Technology ETF (QDII) issued a premium risk warning, stating that its secondary market trading price was significantly higher than the fund's reference net asset value, with a closing price of 1.81 yuan and a premium of 6.82% [2] - Other similar funds, such as Invesco Great Wall S&P Consumer ETF (QDII) and Guotai S&P 500 ETF (QDII), have issued 27 premium warnings since July, indicating almost daily alerts [2] Group 2 - QDII funds are investment products issued by domestic financial institutions that invest in overseas capital markets, providing a low-threshold global asset allocation channel for domestic investors [4] - As of the end of June, the number of domestic QDII funds reached 319, with a total scale of 683.773 billion yuan, an increase of 11.85% compared to the end of last year, marking a historical high [4] - The significant growth in net value of some QDII funds, such as the Invesco Great Wall Nasdaq Technology ETF with a year-to-date growth rate of 14.06%, has driven investor enthusiasm [4] Group 3 - In response to the high demand, several QDII funds have recently suspended subscriptions, such as the Guotai S&P 500 ETF, which paused subscriptions again on July 28, just one month after resuming [5] - The exchanges have strengthened supervision over abnormal trading behaviors of multiple premium funds, implementing measures such as focused monitoring and account trading suspensions [5] - It is suggested that investors participating in overseas investments through QDII should remain rational, especially as the US stock market is currently at a high level, which may lead to potential risks if future economic performance does not align with stock market trends [5]

Company Overview - Hengxuan Technology Co., Ltd. was established in 2015 and focuses on the research and development of ultra-low power consumption technology, smart audio and video interaction technology, and wireless communication connection technology, targeting the future smart wearable and smart home markets with wireless ultra-low power computing SoC chips [1] Stock Performance - Hengxuan Technology has experienced a decline for five consecutive trading days, with a cumulative drop of -7.55% [1] - The Jiashi CSI Science and Technology Innovation Board Chip ETF, a major shareholder of Hengxuan Technology, reduced its holdings in the second quarter of this year [1] - The ETF has achieved a year-to-date return of 11.01%, ranking 1234 out of 3422 in its category [1][2] Fund Management - The fund manager of Jiashi CSI Science and Technology Innovation Board Chip ETF is Tian Guangyuan, who has a background in quantitative research and has been with Jiashi Fund Management since April 2017 [3][4] - Tian Guangyuan has managed multiple funds, including those focused on technology and innovation sectors, indicating a strong expertise in the field [3][4]

Core Insights - The Chinese government has approved the "Artificial Intelligence +" action plan, marking a significant acceleration in the national strategy for AI development [1] - The upcoming World Robot Conference in Beijing will showcase the latest advancements in AI-enabled robotics, highlighting the growing importance of digital AI in various industries [1][2] - Digital AI is seen as a core driver of the Fourth Industrial Revolution and a strategic choice for China to respond to global technological competition [1][2] Industry Trends - By mid-2025, domestic AI products are expected to achieve breakthroughs in billion-level parameter scales and multi-modal capabilities, integrating deeply with various sectors such as education, industrial design, and content creation [2] - The trend of "comprehensive AI integration" has been added to the previous trends of internetization, electronicization, informatization, cloud computing, and 5G [3] Company Strategy - The company has been focusing on AI's potential since 2016, establishing a dedicated research framework and high-frequency database to track industry developments and identify key opportunities and risks [3] - The investment philosophy emphasizes three fundamental demands (information, energy, life) and five major directions (digitalization, semiconductors, new energy, internet platforms, innovative pharmaceuticals) [3] Product Development - The company has developed a comprehensive product matrix covering the AI industry chain, including ETFs focused on semiconductor, software, and robotics sectors [6][7][8] - Recent launches include ETFs targeting AI applications in software, information security, and robotics, reflecting a strategic approach to capitalize on emerging trends [8][9] Market Positioning - The company aims to provide diversified investment tools for investors, including broad-based and high-elasticity products to cater to varying investment needs [10][11] - A forthcoming guide titled "Artificial Intelligence + ETF Investment Strategy" will offer insights into the AI industry and investment logic, enhancing investor experience and efficiency [11][12]

Core Viewpoint - The article discusses the performance of the China Securities 2000 ETF managed by Harvest Fund Management, highlighting its recent price movements and returns since inception. Group 1: ETF Performance - As of the midday close on August 5, the China Securities 2000 ETF (159535) increased by 0.15%, reaching a price of 1.301 yuan, with a trading volume of 1.4892 million yuan [1] - Since its inception on September 14, 2023, the ETF has achieved a return of 29.73%, with a monthly return of 7.73% [1] Group 2: Top Holdings Performance - The top holdings of the ETF showed mixed performance, with Daily Interaction down by 1.75%, Hanwei Technology up by 1.02%, Hongchuang Holdings up by 0.47%, Dongtu Technology up by 0.53%, Hengbao Shares up by 1.66%, Taiji Shares down by 0.60%, Hotgen Biotech down by 3.58%, Shijia Photon up by 2.14%, Tainkang down by 6.00%, and Yifang Biotech down by 0.99% [1]

崔思维女士：中国国籍，硕士研究生。2011年7月加入嘉实基金管理有限公司，曾任产品管理部产品经 理，现任固收投研体系基金经理。2017年7月6日至2019年11月23日任嘉实稳熙纯债债券型证券投资基金 基金经理、2018年7月7日至2019年9月24日任嘉实中证中期企业债指数证券投资基金(LOF)基金经理。 2017年7月6日至2023年9月23任嘉实稳荣债券型证券投资基金基金经理、2017年7月6日至2020年11月3日 任嘉实稳鑫纯债债券型证券投资基金基金经理、2017年7月6日至2020年11月9日任嘉实稳瑞纯债债券型 证券投资基金基金经理、2019年4月26日至2020年9月23日任嘉实中债1-3年政策性金融债指数证券投资 基金基金经理、2019年11月19日至2021年10月19日担任嘉实商业银行精选债券型证券投资基金基金经 理。2019年12月16日至2022年3月9日任嘉实中债3-5年国开行债券指数证券投资基金基金经理。2020年 12月5日担任嘉实中证金边中期国债交易型开放式指数证券投资基金联接基金基金经理。2020年12月5日 担任嘉实中证金边中期国债交易型开放式指数证券投资基金基金经理。2 ...