Core Points - The article discusses the launch of the Dongfanghong Huiming Bond Fund, which has been approved by the China Securities Regulatory Commission (CSRC) for registration [1][3][16] - The fund aims to achieve long-term stable growth of net asset value while strictly controlling investment portfolio risks [19] Fund Overview - Fund Name: Dongfanghong Huiming Bond Fund, with A and C class shares having codes 025039 and 025040 respectively [3][16] - Fund Type: Contractual open-end bond fund [2][16] - Fund Duration: Indefinite [17] - Fund Share Par Value: 1.00 RMB [18] Fund Offering Details - The fundraising period is from October 17, 2025, to October 29, 2025, with a maximum extension of three months if necessary [5][23] - Minimum fundraising amount is set at 200 million RMB, with a minimum of 200 million shares required for the fund to be established [21][55] - The fund is open to individual investors, institutional investors, qualified foreign investors, and others permitted by law [20] Subscription and Investment Limits - Individual investors can subscribe with a maximum daily amount of 10 million RMB, while the minimum subscription amount is 10 RMB [4][24] - The fund management has the right to adjust the subscription limits and will provide updates in the prospectus [4][8] Sales and Distribution - The fund will be sold through direct sales and various distribution channels, including the fund management's direct sales center and online trading systems [22][58] - Specific sales institutions will be disclosed on the fund management's website [59] Fund Management and Custody - Fund Manager: Shanghai Dongfang Securities Asset Management Co., Ltd. [57] - Fund Custodian: Shanghai Pudong Development Bank Co., Ltd. [57] Investor Information - Investors must open a fund account to purchase shares, and the effective subscription funds will accrue interest during the fundraising period [8][53] - The fund will not accept cash subscriptions, and all transactions must be conducted through designated bank accounts [44][48]

Fund Overview - The fund is named "Huashang Hong Kong Stock Connect Value Return Mixed Securities Investment Fund" and is a mixed-type securities investment fund [10][15] - The fund's initial offering price is set at 1.00 RMB per share [15] - The fund aims to primarily invest in stocks listed under the Hong Kong Stock Connect mechanism, focusing on value investment strategies to achieve long-term stable asset growth [15][16] Fund Management and Custody - The fund is managed by Huashang Fund Management Co., Ltd., and the custodian is China Merchants Bank Co., Ltd. [43][44] Fund Offering Details - The fund's offering period is from September 8, 2025, to September 24, 2025, with a maximum fundraising limit of 1 billion RMB [6][7] - If the fundraising amount reaches or exceeds 1 billion RMB, the fund may close early [7] - Investors must open a fund account or a trading account with designated sales institutions to subscribe to the fund [8][20] Investment Strategy and Risk - The fund will invest in a variety of financial instruments, including stocks, bonds, financial derivatives, and asset-backed securities, with a stock investment ratio of 60%-95% [16][17] - The fund will maintain at least 80% of its non-cash assets in Hong Kong Stock Connect stocks [17] - The fund is subject to various risks, including credit risk, interest rate risk, liquidity risk, and market risk associated with the investment environment and trading mechanisms [2][3] Subscription and Fees - The fund adopts a front-end fee model for subscriptions, with specific fee rates for different types of investors, including pension clients [21][22] - Investors can subscribe multiple times during the offering period, with a minimum subscription amount of 1.00 RMB [9][21] Refund and Fund Activation - If the fund fails to meet the necessary conditions for activation by the end of the offering period, all funds will be returned to investors with interest [41][42] - The fund will be activated once it meets the conditions of raising at least 200 million RMB and having a minimum of 200 investors [42]

Fund Overview - The fund is named "Huitianfu Shanghai Stock Exchange Science and Technology Innovation Board 50 Component Index Securities Investment Fund Initiated Link Fund" with A and C class codes 024980 and 024981 respectively [12] - It is an ETF link fund, operating as a contractual open-end and initiated fund [12] - The fund has an indefinite duration and will be sold at an initial price of 1.00 RMB per share [12] Fund Management and Custody - The fund is managed by Huitianfu Fund Management Co., Ltd., with CITIC Securities Co., Ltd. serving as the custodian [1] Fund Subscription Details - The subscription period is from July 28, 2025, to August 8, 2025 [14] - The minimum subscription amount through the direct sales center is 50,000 RMB, while online subscriptions can start from 1 RMB [3] - There is no upper limit on the subscription amount per individual account during the fundraising period [3] Subscription Process - Investors can apply for account opening and subscription simultaneously, but if the account opening is invalid, the subscription will also be invalid [5] - Subscription applications are accepted during the fundraising period, and the confirmation of successful applications is subject to the fund registration institution's results [4][18] Fund Investment and Risk - The fund aims to closely track the target ETF and has similar risk-return characteristics [8] - The fund requires a minimum of 10 million RMB from the initiating investors, who must hold their shares for at least three years [2][8] - If the fund's asset size is below 200 million RMB after three years, the fund contract will automatically terminate [8] Fund Fees - The subscription fee for specific investor groups through the direct sales center is 500 RMB, while other investors will have a decreasing fee rate based on the subscription amount [20][21] - Class C shares do not incur subscription fees [22] Fund Verification and Registration - The fund will undergo verification by a qualified accounting firm after the fundraising period, and if it meets the legal registration conditions, the fund contract will take effect [15][39]

Core Viewpoint - The article highlights promotional membership offers and educational courses related to investment banking and corporate finance, emphasizing significant discounts and a variety of learning opportunities for professionals in the field [2][4][6]. Membership Offers - Various membership options are available at discounted prices, including: - Annual Card: ¥4099, now ¥2799 - Semi-Annual Card: ¥2599, now ¥1799 - Honor Card: ¥1499, now ¥999 - Monthly Card: ¥699, now ¥599 [1]. Educational Courses - A range of courses is offered for free or at reduced prices, covering essential topics in investment banking and corporate finance, such as: - Mergers and Acquisitions Practicalities - Corporate Compliance Practices - Private Equity Fund Practices - AI Applications in Investment Banking [4][7][8]. - Specific courses include: - Mergers and Acquisitions with 140 case studies (4.9 hours) at ¥199.5 - Corporate Governance Compliance Issues (1.5 hours) at ¥84.5 - Financial Valuation Modeling from beginner to advanced (7.4 hours) at ¥149.5 [7][8]. Promotional Period - The promotional period for membership and courses runs from June 19 to June 26, with special pricing for two-year memberships at ¥3299 [2][8].

Group 1 - The fund is named "Fidelity Hong Kong Stock Connect Selected Mixed Initiated Securities Investment Fund" and has been registered with the China Securities Regulatory Commission (CSRC) [1] - The fund is a mixed-type fund, with expected returns and risk levels higher than bond and money market funds, but lower than stock funds [1][10] - The fund will be publicly offered from June 23 to June 27, 2025, through designated sales institutions [5][25] Group 2 - The fund management company is Fidelity Fund Management (China) Co., Ltd., and the custodian is Jiangsu Bank Co., Ltd. [1][64] - The fund is open to qualified individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [1][20] - The fund has different share classes: A class shares incur subscription fees, while C class shares do not [17][36] Group 3 - The minimum subscription amount for the fund is set at 1 RMB, with no upper limit for individual investors, but a 50% cap on total shares held by a single investor [7][12] - The fund will not accept subscriptions from non-qualified investors, including non-China tax residents and U.S. persons [2][3] - The fund's initial share value is set at 1 RMB, and any interest generated during the subscription period will be converted into corresponding fund shares [18][41] Group 4 - The fund's sales institutions include both direct sales and other designated sales institutions [22] - Investors must open a fund account with the management company to subscribe to the fund, and the subscription process can be completed simultaneously with account opening [5][32] - The fund management has the right to adjust the subscription limits and conditions based on market conditions and regulatory requirements [8][20]

Fund Overview - The fund is named "Penghua ChiNext New Energy Exchange-Traded Open-Ended Index Securities Investment Fund" with the code 159261 [10] - It is an exchange-traded, stock-type fund with an indefinite duration [10] - The initial value of each fund share is set at 1.00 RMB [11] Fundraising Details - The fundraising period is from June 9, 2025, to June 20, 2025, with a maximum fundraising limit of 2 billion RMB, excluding interest and subscription fees [12][17] - Investors can subscribe through online cash subscription or offline cash subscription methods [19] - The minimum subscription amount for online cash subscription is 1,000 shares or multiples thereof, while for offline cash subscription, it is 1,000 shares or 50,000 shares depending on the method used [14][27] Subscription Process - Investors must hold a Shenzhen securities account to participate in the subscription [30] - Subscription applications cannot be revoked once submitted [5] - The fund management may adjust the subscription arrangements based on various circumstances and will announce any changes [17] Fund Management and Custody - The fund is managed by Penghua Fund Management Co., Ltd., and the custodian is Zhongtai Securities Co., Ltd. [1][42] - The fund's registration has been approved by the China Securities Regulatory Commission [1] Investor Eligibility - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [15] Fundraising Conditions - The fund contract will take effect if the total number of shares raised is not less than 200 million shares, the total amount raised is not less than 200 million RMB, and the number of fund shareholders is not less than 200 [17][39] - If these conditions are not met, the fundraising period may be extended, and the funds will be returned to investors with interest [40]

Fund Overview - The fund is named "Oriental Red Wisdom Growth Mixed Securities Investment Fund" with A class code 023082 and C class code 023083 [14][3] - It is a contract-based open-end mixed securities investment fund [2][15] - The fund aims for long-term stable appreciation of assets while strictly controlling investment portfolio risks [17] Fund Management and Custody - The fund is managed by Shanghai Oriental Securities Asset Management Co., Ltd. and the custodian is China Construction Bank Co., Ltd. [3][51] Fund Offering Details - The fundraising period is from June 10, 2025, to September 9, 2025, with a maximum extension of three months if necessary [5][20] - The minimum total fundraising amount is 200 million units (excluding interest) and the minimum fundraising amount is 200 million RMB (excluding interest) [6][19] - The fund shares are available for individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [7][18] Subscription Process - Investors can subscribe through direct sales centers and online trading systems, with a minimum subscription amount of 10 RMB during the fundraising period [11][23] - The subscription fee structure varies between A class and C class shares, with A class shares incurring subscription fees and C class shares incurring service fees [5][24] - Investors must use the company's open-end fund account for subscription, and those without an account can open one through direct or agent sales institutions [8][28] Risk and Investment Strategy - The fund may invest in A-shares and Hong Kong stocks through the Stock Connect mechanism, facing specific risks associated with market volatility and currency fluctuations [9][10] - The fund can also invest in stocks listed on the Sci-Tech Innovation Board and asset-backed securities, which carry unique risks [10][11] - The fund may utilize financial derivatives for investment, which can amplify both gains and losses [12] Fund Registration and Effectiveness - The fund's registration was approved by the China Securities Regulatory Commission on December 11, 2024 [1] - The fund contract will become effective once the fundraising conditions are met, including a minimum of 200 million units and 200 million RMB raised [47][48]

Group 1 - The fund is named "Dacheng Hang Seng Healthcare Exchange-Traded Open-Ended Index Securities Investment Fund Initiated Link Fund (QDII)" and is registered with the China Securities Regulatory Commission [1][16] - The fund will be publicly offered from June 9, 2025, to June 20, 2025, through direct sales and other distribution channels [4][19] - The fund is classified as an index fund, link fund, and initiated securities investment fund [16][17] Group 2 - The fund's management company is Dacheng Fund Management Co., Ltd., and the custodian is Industrial Bank Co., Ltd. [2][70] - The fund's initial share value is set at 1.00 RMB [17] - The fund's sales targets include individual and institutional investors, qualified foreign investors, and others permitted by law [5][17] Group 3 - The fund's investment strategy involves investing at least 90% of its net asset value in the target ETF [6] - The fund will invest in the Hang Seng Healthcare Index, which reflects the overall performance of healthcare-related securities listed in Hong Kong [8][9] - The index is calculated using a free-float market capitalization weighting method, with specific limits on individual stock weights [12] Group 4 - Investors can subscribe to the fund with a minimum amount of 1 RMB, and multiple subscriptions are allowed during the offering period [26] - The fund's subscription process includes a confirmation of application validity on the next trading day after submission [10][26] - Interest generated from valid subscription funds during the offering period will be converted into fund shares for the investors [31][63]

Key Points - The new fund issuance market has slightly cooled down, with a decrease in both the number of participating fund managers and newly issued funds. In April, 75 companies participated in fund issuance, a decrease of 1.32% month-on-month, and a total of 127 new funds were issued, down 4.51% month-on-month [1][4][8] - Index funds remain the market hotspot, with 87 index funds issued in April, accounting for 68.50% of the total issuance, both figures reaching new highs. The most tracked indices include the Free Cash Flow Strategy Index, the Shanghai Stock Exchange Sci-Tech Innovation Board Composite Price Index, and the CSI A500 Index [1][9] - There were no QDII funds issued in April, attributed to QDII quota restrictions, fund approval conditions, and market environment factors. Since May 9, 2024, no new QDII quotas have been added, limiting fund managers' issuance options [2][6] - The total number of funds issued in April was 170, including 43 funds that continued issuance from previous months, with 127 newly issued funds. The types of funds issued included 87 index funds, 23 bond funds, and 10 mixed funds [5][7][9] - The total fundraising amount in April was 945.51 billion yuan, a month-on-month increase of 0.11% but a year-on-year decrease of 30.85%. Index funds accounted for approximately 58.30% of the total fundraising, with 551.24 billion yuan raised [14][20] - The average subscription period for funds in April was 14.38 days, a decrease of 20.42% month-on-month and 42.50% year-on-year. Among these, 18 funds completed fundraising within 5 days [18][20]