Core Viewpoint - Anxin Fund has launched the Anxin Value Win-Win Fund, a mixed equity fund managed by Yuan Wei, with a floating management fee structure based on performance benchmarks [1][3]. Fund Details - The Anxin Value Win-Win Fund is a contract-based open-end securities investment fund, publicly offered from June 9 to June 26, 2025, with a minimum total fundraising target of 200 million shares [3]. - The fund aims to invest in stocks that are significantly undervalued relative to their intrinsic value, focusing on safety margins to achieve long-term stable returns for investors [3]. - The performance benchmark for the fund is composed of 70% CSI 300 Index return, 10% CSI Hong Kong Stock Connect Composite Index (RMB) return, and 20% China Bond Composite Index return [3]. Fee Structure - The fund employs a floating fee rate system, with management fees set at 1.20% for holdings less than 365 days, 1.50% for annualized excess returns exceeding 6% with positive returns, and 0.60% for annualized excess returns of -3% or lower [4]. Manager Background - Yuan Wei, the proposed fund manager, holds a PhD in science and has extensive experience in investment management, having previously served in various roles at Anxin Securities and Anxin Fund Management [5][6]. - Under Yuan Wei's management, four funds have underperformed their benchmarks over the past year [2][9]. Performance Metrics - As of June 6, 2025, Yuan Wei's managed funds have shown varying performance, with the Anxin New Normal Hong Kong-Shenzhen Selected A fund achieving a return of 129.36% since Yuan took over, but only a 4.63% increase in the past year, lagging behind its benchmark by over 10 percentage points [8][9].

Core Viewpoint - Da Cheng Fund has launched the Da Cheng Zhi Zhen Return Fund, which is a mixed equity fund managed by Du Cong, aiming for long-term growth and performance exceeding its benchmark [1][2]. Fund Details - The fund is open for public subscription from June 3, 2025, to June 23, 2025, with a minimum total subscription of 200 million shares [2]. - The investment objective focuses on companies with long-term growth potential, targeting a benchmark composed of 70% CSI 800 Index, 10% Hang Seng Index (adjusted for valuation), and 20% China Bond Composite Index [2]. - The fund will invest 60%-95% of its assets in stocks and depositary receipts, with a maximum of 50% in Hong Kong Stock Connect stocks [2]. Fee Structure - The fund employs a floating fee structure with three tiers: 1.2% for holdings under 365 days, 1.5% for annualized excess returns over 6%, and 0.6% for annualized excess returns at -3% or below [4]. Fund Manager Profile - Du Cong, the proposed fund manager, has a master's degree in economics from Fudan University and 10 years of experience in the securities industry [5][6]. - As of April 2024, Du Cong manages two funds with a total scale exceeding 3 billion yuan [6]. Performance Metrics - Under Du Cong's management, the Da Cheng Growth Progress Fund achieved a return of 19.25% since April 2024, outperforming its benchmark by over 10 percentage points [7][8]. - The Da Cheng Technology Consumption Fund, managed since December 2024, reported a return of -1.94% during its tenure, with a slight gain of 1.21% this year [8]. Holdings - Major holdings in the funds include Tencent Holdings, Alibaba, and SMIC [9].