Group 1 - The recent adjustment in the bond market has led to significant declines in some bond funds, notably the Huachen Future Stable Income A fund, which saw a cumulative drop of 6.66% over three trading days, a rare occurrence in bond funds [1][4] - Market speculation suggests that the fund may have encountered issues with certain real estate credit bonds, although the company's customer service indicated that the decline was due to the impact of market conditions on specific bonds held [1][5] - The fund experienced a surge in redemptions in recent days, which further exacerbated the volatility of its net value, indicating that the negative effects will take time to fully absorb [5] Group 2 - As of November 27, 28, and December 1, the fund's net value decreased by 1.77%, 3.56%, and 1.48% respectively, resulting in a year-to-date decline of 5.89%, placing it at the bottom of the bond fund rankings [5] - The fund's third-quarter report revealed that its top five bond holdings were primarily government bonds, which accounted for 36.55% of the fund's net asset value, suggesting that the recent net value drop may not be directly linked to these holdings [5] - Huachen Trust announced plans to transfer 40% of its stake in Huachen Future Fund for a listing price of 17.2 million yuan, with the transfer period set from November 24 to December 19 [2][6] Group 3 - The Huachen Future Fund has a total scale of only 195 million yuan as of the third quarter, ranking low within the industry [2][6] - The fund's financial performance has been poor, with a reported operating income of 4.01 million yuan and a net loss of 20.01 million yuan last year, and a net loss of 11.40 million yuan for the first three quarters of this year [6] - The fund has struggled to grow, having only launched 11 funds since its establishment in 2012, with only four approved, and no new products approved since 2022 [3][6]