Meeting Overview - The Southern Fund Management Co., Ltd. announced the convening of a meeting for the Southern Junyu Mixed Securities Investment Fund on November 19, 2025, via communication methods [1][2] - The voting period for the meeting will start from November 19, 2025, to December 22, 2025, at 17:00 [2][5] Voting Procedures - Fund holders can participate in the voting through various methods, including mail, online, SMS, and phone authorization, specifically for individual investors [10][11][13] - The voting ballot must be submitted to the fund management office by the deadline, and specific instructions for filling out and sending the ballot are provided [9][19] Agenda Items - The main agenda item for the meeting is to discuss the proposal to adjust the automatic termination clause of the fund contract and amend the fund contract [4][26] Registration and Eligibility - The eligibility registration date for participating in the meeting is set for November 19, 2025, with specific rules regarding voting rights for fund holders on that date [5][21] Decision-Making Criteria - The resolution will be effective if at least half of the total fund shares are represented, and the proposal must receive approval from two-thirds of the voting rights represented [21][22] Fund Management Information - The fund management company is Southern Fund Management Co., Ltd., with its registered address in Shenzhen [23]

Core Viewpoint - The 19th Shenzhen International Financial Expo and the 2025 China Financial Institutions Annual Conference have joined forces to create a high-end platform for discussing development strategies and sharing innovative experiences in the financial sector [1][2]. Group 1: Event Overview - The event is co-hosted by the Shenzhen Municipal Government and the Securities Times, marking the first collaboration between these two significant financial events [1][2]. - The theme of the 2025 China Financial Institutions Annual Conference is "Empowering and Reshaping Value," focusing on the financial sector's role in the context of China's 14th Five-Year Plan conclusion and the 15th Five-Year Plan preparation [1][2]. Group 2: Key Opportunities and Goals - Shenzhen's financial industry is positioned at a critical juncture, with three major opportunities identified: leveraging national policies, utilizing international platforms, and enhancing industry integration [2]. - The city aims to establish itself as a globally influential industrial financial center, focusing on six key areas: technology industry finance, innovative capital formation, financial technology, cross-border RMB services, wealth management, and financial security [2]. Group 3: Industry Insights - The Securities Times has evolved into a key platform for industry wisdom, enhancing the influence and professional depth of the annual conference [3]. - The conference emphasizes the importance of optimizing financial institutions and focusing on core business areas to support high-quality financial development [3]. Group 4: AI in Asset Management - AI is seen as a transformative force in asset management, helping navigate challenges such as low interest rates and increased volatility [4][5]. - The integration of AI is not optional but essential for the asset management industry, expanding service boundaries and reshaping processes [5]. Group 5: Public Fund Development Trends - The public fund industry is expected to focus on dual drivers of "industry" and "livelihood" investments, aligning with national strategies [6][7]. - Key trends include a human-centered approach, expansion of index and pension products, accelerated digital transformation, and international business development [7][8]. Group 6: Awards and Recognition - The "China Financial Industry Awards for Practicing the 'Five Major Articles'" were presented, recognizing institutions that excelled in areas such as technology finance and green finance [9][10]. - The awards aim to encourage further exploration and strategic planning among financial institutions in these critical areas [9].

"2025中国金融机构年会"主题为"聚势赋能 重塑价值"。今年恰逢"十四五"收官与"十五五"谋划的关键时点，在金融强国建设蹄疾步稳、中国特色现代金融体系加速 构建的背景下，如何更好践行金融"五篇大文章"，成为各类金融机构共同面临的时代课题。本届年会的召开，旨在为行业提供一个共商发展大计、共享创新经验的 高端平台。 两大品牌活动首次联手 在开幕式上，深圳市人民政府副秘书长吴坤生致辞时表示，本届金博会是在全面贯彻党的二十大和二十届四中全会精神的关键时期举办的一次重要盛会。本届金博 会紧扣金融"五篇大文章"核心主线，以"产业金融新高地、科创赋能向未来"为主题，集中展示金融改革开放最新成果，搭建合作交流平台，必将为深圳建设具有全 球重要影响力的产业金融中心注入强大动力。 11月19日，"第十九届深圳国际金融博览会暨2025中国金融机构年会"在深圳开幕。这是深圳市人民政府主办的"深圳国际金融博览会"与由证券时报社主办的"中国金 融机构年会"两大品牌活动首次强强联合。 吴坤生表示，当前，深圳金融业正处在动能迸发、跨越提升的黄金机遇期，要牢牢把握三大机遇：一是胸怀"国之大者"，把握政策机遇；二是立足开放前沿，善用 国际舞台 ...

Core Viewpoint - Pengxin Resources has seen a 5.7% increase in stock price, reaching 7.97 CNY per share, with a total market capitalization of 17.637 billion CNY as of November 19 [1] Company Overview - Pengxin Resources Co., Ltd. is located in Minhang District, Shanghai, established on September 29, 2000, and listed on June 26, 2003 [1] - The company primarily engages in the mining, smelting, processing, and sales of metals such as copper, gold, and cobalt, with additional operations in trade, finance, and ecological restoration [1] - The revenue composition is as follows: trade business 51.07%, industrial 48.68%, and others 0.25% [1] Shareholder Analysis - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Pengxin Resources, having reduced its holdings by 156,000 shares in Q3, now holding 14.1571 million shares, which is 0.71% of circulating shares [2] - The estimated floating profit from this position is approximately 6.0876 million CNY [2] Fund Performance - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a current size of 76.63 billion CNY [2] - Year-to-date return is 26.51%, ranking 1845 out of 4208 in its category; the one-year return is 26.25%, ranking 1735 out of 3956; and since inception, the return is 11.96% [2] Additional Fund Holdings - The Southern Big Data 300 Index A (001420) also holds a significant position in Pengxin Resources, with 502,600 shares, accounting for 0.9% of the fund's net value [4] - The estimated floating profit from this position is around 216,100 CNY [4] Fund Manager Information - The fund manager of Southern Big Data 300 Index A (001420) is Xie Rui, who has been in the position for 3 years and 276 days, managing assets totaling 2.079 billion CNY [5] - The best fund return during Xie Rui's tenure is 24.77%, while the worst return is -0.22% [5]

11月19日，华夏幸福涨5.44%，截至发稿，报3.49元/股，成交16.52亿元，换手率13.22%，总市值136.59 亿元。华夏幸福股价已经连续4天上涨，区间累计涨幅46.46%。 南方中证房地产ETF发起联接A（004642）成立日期2017年8月24日，最新规模2.02亿。今年以来收益 9.74%，同类排名3593/4208；近一年收益0.2%，同类排名3852/3956；成立以来亏损38.84%。 南方中证房地产ETF发起联接A（004642）基金经理为罗文杰。 截至发稿，罗文杰累计任职时间12年215天，现任基金资产总规模1704.45亿元，任职期间最佳基金回报 148.26%， 任职期间最差基金回报-47.6%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，华夏幸福基业股份有限公司位于北京市朝阳区东三环北路霞光里18号佳程广场A座23层，成 立日期1993年5月28日，上市日期2003年12月30日，公司主营业务涉及对房地 ...

Group 1 - The announcement details the suspension of subscription, redemption, and investment plans for certain funds due to holidays in the Tokyo Stock Exchange, resuming on November 25, 2025 [1] - The company has added Guoxin Securities Co., Ltd. as a liquidity service provider for several funds to enhance market liquidity and stability [1] - The announcement includes information about the Southern Junyu Mixed Securities Investment Fund's upcoming shareholder meeting, which will be held via communication methods [2][3] Group 2 - The meeting will allow shareholders to vote on the proposal to adjust the automatic termination clause of the fund contract and amend the fund contract [4] - The rights registration date for participating in the meeting is set for November 19, 2025, with specific voting rights outlined for shares purchased or redeemed on that date [5] - Voting methods include mail-in ballots, online authorization, SMS authorization, and telephone authorization, specifically for individual investors [10][12][15] Group 3 - The voting process will be supervised by designated personnel and will be conducted under the oversight of the fund custodian, with results certified by a notary [19] - The effectiveness of the voting ballots is contingent upon proper completion and timely submission, with specific criteria for valid and invalid ballots outlined [21][22] - The resolution will take effect upon approval by a two-thirds majority of the voting rights represented at the meeting [23] Group 4 - The company will hold a second meeting if necessary, with the rights registration date remaining the same, and previous voting or authorization will still be valid unless changed [24] - The announcement includes contact information for the fund management company, custodian, and notary, ensuring transparency and accessibility for shareholders [25][26]

1. Report Industry Investment Rating No information provided regarding the industry investment rating. 2. Core Viewpoints of the Report - In the week ending November 14, 2025, the net values of various bond ETF products significantly recovered. The 30 - year Treasury Bond ETF and 10 - year Local Government Bond ETF performed well, rising 0.12% and 0.14% respectively. The Convertible Bond ETF and Shanghai Stock Exchange Convertible Bond ETF rose 0.53% and 0.33% respectively. The ChinaBond New Composite Index rose 0.07% for the week. Short - term and medium - to - long - term pure bond funds rose 0.03% and 0.06% respectively. The CSI AAA Science and Technology Innovation Bond Index remained flat, and the Shanghai Stock Exchange Benchmark Market - making Corporate Bond Index fell 0.01% [4][7]. - As of November 14, 2025, bond - type ETFs had a net inflow of 176 million yuan in the past week. Interest - rate, credit, and convertible - bond ETFs had net inflows of 1.351 billion yuan, net outflows of 196 million yuan, and net outflows of 979 million yuan respectively. Year - to - date, the cumulative net inflows of interest - rate, credit, and convertible - bond ETFs were 70.662 billion yuan, 438.727 billion yuan, and 22.582 billion yuan respectively, totaling 531.972 billion yuan [3]. 3. Summaries According to Relevant Catalogs 3.1 Fund Flows - As of November 14, 2025, bond - type ETFs had a net inflow of 176 million yuan in the past week. Interest - rate, credit, and convertible - bond ETFs had net inflows of 1.351 billion yuan, net outflows of 196 million yuan, and net outflows of 979 million yuan respectively. Among credit - type ETFs, short - term financing, corporate bonds, and urban investment bonds had net inflows of 702 million yuan, 433 million yuan, and 324 million yuan respectively, while market - making credit bonds had a net outflow of 1.584 billion yuan, and science and technology innovation bonds had a net outflow of 71 million yuan. Year - to - date, the cumulative net inflows of interest - rate, credit, and convertible - bond ETFs were 70.662 billion yuan, 438.727 billion yuan, and 22.582 billion yuan respectively, totaling 531.972 billion yuan [3]. 3.2 Net Value Performance - As of November 14, 2025, the 30 - year Treasury Bond ETF and 10 - year Local Government Bond ETF performed well, rising 0.12% and 0.14% respectively for the week. Other products such as the Policy - Financial Bond ETF and National Development Bond ETF rose 8bp. The Convertible Bond ETF and Shanghai Stock Exchange Convertible Bond ETF rose 0.53% and 0.33% respectively last week [4]. 3.3 Performance of Credit Bond ETFs and Science and Technology Innovation Bond ETFs - As of November 14, 2025, the median unit net values of credit bond ETFs and science and technology innovation bond ETFs were 1.0124 and 1.0006 respectively. The credit bond ETFs remained flat for the week, while the science and technology innovation bond ETFs fell 0.01%. Among credit bond ETFs, the Dacheng Credit Bond ETF performed well, rising 0.02%. Among science and technology innovation bond ETFs, the Yongying Science and Technology Innovation Bond ETF and the Invesco Great Wall Science and Technology Innovation Bond ETF performed relatively well. The median discount rate of credit bond ETFs was 29BP, and that of science and technology innovation bond ETFs was 26BP [5]. 3.4 Duration Tracking of Credit - Type ETFs - As of November 14, 2025, the holding durations of the Short - Term Financing ETF, Corporate Bond ETF, and Urban Investment Bond ETF were 0.35 years, 1.99 years, and 2.21 years respectively. Among market - making credit bond ETFs, the median holding durations of products tracking the Shanghai Market - making Corporate Bond Index and the Shenzhen Market - making Corporate Bond Index were 3.79 years and 2.94 years respectively. Among science and technology innovation bond ETFs, the median holding durations of products tracking the AAA Science and Technology Innovation Bond Index, the Shanghai AAA Science and Technology Innovation Bond Index, and the Shenzhen AAA Science and Technology Innovation Bond Index were 3.46 years, 3.54 years, and 3.24 years respectively [8].

Core Viewpoint - Guomian Technology's stock rose by 5.19% to 22.72 CNY per share, with a trading volume of 384 million CNY and a turnover rate of 3.09%, resulting in a total market capitalization of 13.249 billion CNY [1] Company Overview - Guomian Technology Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on March 20, 2000, with its listing date on April 30, 2010 [1] - The company's main business involves the development and sales of security chips and communication chip products and solutions [1] - Revenue composition includes integrated circuits and key components at 50.98%, anode materials at 46.02%, and other supplementary sources at 3.00% [1] Shareholder Information - Among the top ten circulating shareholders of Guomian Technology, a fund under Southern Fund holds a position. The Southern CSI 1000 ETF (512100) reduced its holdings by 53,800 shares in the third quarter, now holding 5.335 million shares, which accounts for 0.94% of circulating shares [2] - The estimated floating profit from this position is approximately 5.9752 million CNY [2] Fund Manager Details - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 7 years and 13 days [3] - The total asset size of the fund is 122.76 billion CNY, with the best fund return during the tenure being 181.49% and the worst being -15.93% [3]

Group 1 - The semiconductor ETF, Southern (159325), opened with a gain of 0.42%, priced at 1.428 yuan [1] - Key holdings in the ETF showed mixed performance, with notable declines in stocks such as Zhongke Sanan (-0.11%), Haiguang Information (-0.35%), and Zhaoyi Innovation (-1.07%), while Cambrian rose by 0.22% [1] - The ETF's performance benchmark is the CSI Semiconductor Industry Select Index, managed by Southern Fund Management Co., with a return of 41.88% since its inception on October 31, 2024, and a recent one-month return of -2.43% [1]

Core Points - HNA Technology's stock price has dropped by 5.15% on November 18, reaching 4.60 CNY per share, with a trading volume of 253 million CNY and a turnover rate of 2.10%, resulting in a total market capitalization of 13.337 billion CNY [1] - The stock has experienced a continuous decline over three days, with a cumulative drop of 4.34% during this period [1] Company Overview - HNA Technology Co., Ltd. is located at 143 Chongqing Road, Heping District, Tianjin, and was established on March 6, 1982, with its listing date on September 9, 1996 [1] - The company's main business includes IT product distribution, warehousing and logistics, internet finance, cloud marketplace, and cloud computing [1] - The revenue composition of the main business is as follows: 65.77% from merchandise trade, 33.27% from shipping, and 0.96% from other supplementary sources [1] Shareholder Information - Among the top ten circulating shareholders of HNA Technology, a fund under Southern Fund holds a position [2] - The Southern CSI 1000 ETF (512100) reduced its holdings by 512,500 shares in the third quarter, now holding 14.1184 million shares, which accounts for 0.49% of the circulating shares [2] - The estimated floating loss for today is approximately 3.5296 million CNY, with a total floating loss of 3.106 million CNY during the three-day decline [2] Fund Manager Details - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 7 years and 13 days [3] - The total asset size of the fund is 122.76 billion CNY, with the best fund return during the tenure being 181.49% and the worst being -15.93% [3]