Group 1 - The chairman of Hongtu Innovation Fund, Ruan Fei, has resigned due to the expiration of the board's term, with General Manager Ji Hongtao temporarily assuming the chairman role for a period not exceeding six months [2][3] - Ruan Fei has been with Hongtu Innovation Fund since September 2020 and has held various positions in the financial sector, including roles at Changcheng Securities and Invesco Great Wall Fund [3] - Under Ruan Fei's leadership, the fund reached a peak size of 25.068 billion yuan by the end of 2024, with a current managed scale of 18.266 billion yuan as of the end of Q1 2025, ranking 188th among public funds [3] Group 2 - As of the end of Q1 2025, the total net asset value of Hongtu Innovation's money market funds is approximately 977 million yuan, with the Hongtu Innovation Youchun Money Market Fund accounting for about 8.901 billion yuan [4] - The Hongtu Innovation Youchun Money Market Fund experienced a redemption of 4.377 billion yuan in Q1 2025, following a net asset value of approximately 12.847 billion yuan at the end of 2024 [4] - The Hongtu Innovation Money Market Fund has a significant concentration risk, with a single institution holding 51.74% of the fund's shares, which could impact the fund's investment operations and net value performance due to potential large redemptions [4]

Core Viewpoint - Su Xin Fund has disclosed its first periodic report, showing significant growth in its fund sizes, with the Su Xin Xin Sheng Li Rate Bond Fund experiencing over 100% growth in less than six months, while the Su Xin CSI 500 Index Enhanced Fund faced a decline of over 50% in its size due to substantial redemptions [1][5]. Group 1: Su Xin Xin Sheng Li Rate Bond Fund - The fund had total subscriptions exceeding 5.7 billion units in the first quarter, increasing its total size to over 14 billion units from approximately 6 billion units at inception [1][3]. - The fund's size grew from about 10.6 billion units at the beginning of the year to approximately 14.05 billion units by the end of the first quarter, marking a growth of over 70% in less than two months [3]. - Institutional investors contributed significantly, holding about 4.4 billion units at the beginning of the year and increasing their holdings to approximately 6.97 billion units, accounting for 49.61% of the total shares [3][4]. Group 2: Su Xin CSI 500 Index Enhanced Fund - The fund experienced redemptions of over 4.4 million units in the first quarter, with A and C class shares seeing redemptions of approximately 2.1 million and 2.3 million units, respectively [5][7]. - Despite some subscriptions, the overall size of the fund decreased from about 4.87 million units at the beginning of the quarter to approximately 2.06 million units by the end, reflecting a decline of over 50% [5][7]. - As of the end of the first quarter, the fund's equity investments accounted for 82.79% of its total assets, indicating a need for further adjustment in its portfolio [8][9].