1)中泰证券（上海）资产管理有限公司客户服务电话：400-821-0808； 2)中泰证券（上海）资产管理有限公司网站：www.ztzqzg.com； 中泰证券（上海）资产管理有限公司 2026年01月07日 1、 基金基本信息及管理费调整方案 ■ 2、其他需要提示的事项 （1）投资者可通过下列渠道了解相关信息： （2） 风险提示 基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈利，也不保证 最低收益。投资有风险，基金的过往业绩并不预示其未来表现，基金管理人管理的各只基金的业绩不构 成对基金管理人管理的其他基金业绩表现的保证。投资者投资基金时应认真阅读相关基金的基金合同、 招募说明书等法律文件。基金管理人提醒投资者基金投资的"买者自负"原则，请投资者根据自身的风险 承受能力选择适合自己的基金产品。 本基金是以投资者交易结算资金为管理对象的货币市场基金，购买货币市场基金并不等于将资金作为存 款存放在银行或者存款类金融机构。本基金对接服务的资金仅限于证券公司经纪业务客户交易结算资 金，投资者持有的基金份额可用于客户资金账户交易结算；但是，本基金基金份额不等于投资者交易结 算资金，本基 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 天衡审字（2025）02793号 南京证券神州天添利货币型集合资产管理计划全体集合计划份额持有人： 一、审计意见 我们审计了南京证券神州天添利货币型集合资产管理计划（以下简称"该集合计划"）财务报表，包括 2025年11月16日（管理人变更前一日）的资产负债表，自2025年1月 1至2025年11月16日（管理人变更 前一日）止期间的利润表、净资产变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照财务报表附注4.2所述的编制基础编制。 二、形成审计意见的基础 天衡会计师事务所（特殊普通合伙） 审计报告 天衡审字（2025）02793号 我们按照中国注册会计师审计准则（以下简称"审计准则"）的规定执行了审计工作。审计报告的"注册 会计师对财务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照《中国注册会计师独 立性准则第1号一一财务报表审计和审阅业务对独立性的要求》和中国注册会计师职业道德守则，我们 独立于该集合计划，并履行了职业道德方面的其他责任。我们相信，我们获取的审计证据是充分、适当 的，为发表审计意见提供了基础。 三、强调 ...

Core Insights - The city of Chicago is currently in its budget season, with a proposal to cease direct purchases of treasuries, despite not holding any currently [2][3] - The proposal requires city council approval, and there is skepticism among aldermen regarding its prudence, with some labeling it as reckless [3] - The performance of treasuries has outpaced the portfolio's returns last year, raising questions about the rationale behind excluding them [4] Muni Market Activity - Muni trading is experiencing record volumes this year, with significant trading activity noted in April, described as frenetic [5][6] - The record trading volume is attributed to a substantial increase in state and local debt sales, leading to heightened trading activity among investors and dealers [6] - Demand for munis has rebounded, with inflows into the market totaling approximately $41 billion, particularly towards ETFs focused on munis [8] Future Expectations - Expectations for 2026 indicate that supply will continue to be robust, with projections for another record year in terms of supply, contributing to ongoing active trading [9]

Group 1 - The core viewpoint of the articles highlights the resurgence of the Hong Kong capital market, driven by increased participation from international investors and a strong performance in IPO financing, particularly in the technology sector [1][2] - Hong Kong's IPO financing has ranked first globally this year, with a total refinancing amount reaching 456.1 billion HKD, more than double the new stock market fundraising amount during the same period [1] - The "Science and Technology Enterprise Special Line" policy introduced in May has significantly improved the efficiency of technology and biotech companies preparing for listing in Hong Kong, with nearly half of the submitted applications coming from tech firms [2] Group 2 - The total trading volume of collective investment schemes has reached a historical high, with sales surging by 76% to 2.24 trillion HKD, indicating strong demand for low-risk and stable-return investment options amid macroeconomic uncertainties [2] - Hong Kong has established itself as Asia's leading international bond issuance hub and the largest offshore RMB center, enhancing its attractiveness to bond issuers and global investors [2] - Hong Kong's strategic positioning as a "super connector" and "super value creator" allows it to facilitate cooperation between Chinese and international standards, particularly in emerging fields like data cross-border flow and artificial intelligence ethics [3]

Market Overview - The Shanghai Composite Index rose by 0.1% to 3916.23 points, while the Shenzhen Component Index fell by 0.25%[1] - The Hang Seng Index closed down 0.09% at 25888.51 points, with the Hang Seng Tech Index dropping 1.18%[1] - The total market turnover in Hong Kong decreased to 2754.312 million HKD[1] International Relations - U.S. President Trump and Russian President Putin agreed to meet in Budapest to discuss efforts to end the Russia-Ukraine war, with Trump claiming significant progress was made during their two-hour call[8][11] - China's export controls on ASML may trigger supply chain disruptions, prompting European car manufacturers to prepare for potential production halts[8][11] Banking Sector - U.S. regional bank stocks experienced a sharp decline, with the S&P Regional Banking Select Industry Index falling by 6.3%, marking its largest drop since April[11] - Zions Bancorp and Western Alliance Bancorp reported being victims of loan fraud, exacerbating credit concerns and solidifying expectations for interest rate cuts by the Federal Reserve[11] Commodity and Industry Insights - China Shenhua reported a 1.6% year-on-year decline in coal sales for September, totaling 36.3 million tons, and an 8.4% drop for the first nine months of the year, amounting to 320 million tons[13] - The global market for wireless communication modules is led by a company with a 15.4% market share, which reported a profit of 160 million RMB, a 14.6% increase year-on-year[10]

Core Viewpoint - 惠理集团 is set to launch three money market exchange-traded funds (ETFs) on the Hong Kong Stock Exchange, aimed at providing capital preservation, stable returns, and low volatility for investors [1] Group 1: ETF Launch Details - The three ETFs include 惠理港元货币市场ETF (03421), 惠理人民币货币市场ETF (03420 for HKD counter and 83420 for RMB counter), and 惠理美元货币市场ETF (03480 for HKD counter and 9480 for USD counter) [1] - These ETFs will primarily invest in short-term high-quality money market instruments issued by governments, quasi-governments, international organizations, financial institutions, and corporations [1] Group 2: Investment Strategy and Market Context - The ETFs are designed to allow daily trading without a lock-up period, enabling investors to quickly access their funds [1] - The Chief Investment Officer of Fixed Income at 惠理, 叶浩华, stated that the launch of these ETFs in the current favorable market environment will help investors utilize idle funds while balancing capital preservation and liquidity [1] - As of September 24, 2025, global money market funds have seen significant inflows, with assets under management reaching approximately $7.3 trillion [1]

Core Points - The announcement pertains to the "fund" which refers to the securities company's collective asset management products that have been modified according to the operational guidelines of the asset management business [1] - The management fee will be restored to 0.90% once the specified conditions are met, and investors are advised to pay attention to future announcements from the management [1] Summary by Sections Basic Information - The announcement is related to the payment of returns for the "Guangfa Asset Management Cash Increase Money Market Collective Asset Management Plan" [6] - The estimated net return and the seven-day annualized estimated yield per ten thousand units of the collective plan may fluctuate due to market volatility [6] Other Relevant Information - Investors can access information through the management's website or customer service hotline [2][10] - The collective plan is sold by Guangfa Securities Co., Ltd. [11] - According to regulations, fund shares purchased on the same day will enjoy distribution rights from the next trading day, while redeemed shares will not [7] - When redeeming shares, the principal will be paid along with the corresponding returns on the monthly dividend day [8] - Monthly payments of returns will occur on the 10th of each month, with adjustments made if that day is a non-trading day [8] - If the cumulative untransferred returns are positive, they will be paid in cash or added to the fund shares; if negative, the management has the right to pursue payment from the investor [8]

Core Viewpoint - The announcement details the temporary suspension of subscription, regular investment, and transfer-in services for the Ping An Trading Money Market Fund from September 29, 2025, to October 8, 2025, with resumption on October 9, 2025 [2][4][5]. Group 1: Fund Operations - The fund's A, C, and D class shares will continue to process redemption and transfer-out services during the suspension period, while E class shares will maintain normal trading [2][3]. - Subscription services will be limited for large transactions upon resumption, as detailed in the company's announcements [2][4]. Group 2: Sales Channels - Investors can continue to use various sales channels, including banks and securities firms, for transactions during the suspension period [3][4]. - New sales agreements with Zhejiang Merchants Futures Co., Ltd. and China Life Insurance Co., Ltd. will allow these institutions to offer fund services starting September 26, 2025 [5][14]. Group 3: Important Dates - The fund will be closed for trading from October 1 to October 8, 2025, due to the national holiday, with normal operations resuming on October 9, 2025 [5][6]. - Effective September 26, 2025, investors can submit applications for transactions that will be processed on October 9, 2025 [3][5].

Announcement Information - The fund will distribute returns to investors in cash dividends within two trading days after each payment date [1] - The fund does not include reinvestment of dividends, meaning there is no situation of carrying forward fund shares [1] - The fund uses amortized cost method for valuation and confirms estimated returns daily through the calculation of estimated yield [1] Return Payment Details - The estimated net return per ten thousand fund shares and the 7-day annualized estimated yield may differ from the actual figures on the dividend date due to the valuation method used for bank deposits [1] - Investors who purchase fund shares on the same day will enjoy distribution rights starting from the next trading day, while shares redeemed on the same day will not have distribution rights [1] - The fund pays returns monthly, and if an investor's cumulative actual return is negative, the corresponding shares will be reduced [1] Investor Information - Fund shareholders can access relevant information through the official website and customer service [2] - The fund is a money market fund that manages investors' trading settlement funds, and it is important to note that holding fund shares does not equate to depositing funds in a bank [2]

Core Viewpoint - The report provides a comprehensive overview of the performance and financial status of the招商保证金快线货币市场基金 for the first half of 2025, highlighting its investment strategy, financial metrics, and market outlook. Fund Overview - Fund Name: 招商保证金快线货币市场基金 - Fund Manager: 招商基金管理有限公司 - Fund Custodian: 平安银行股份有限公司 - Fund Type: Open-ended trading fund - Fund Inception Date: May 17, 2013 - Total Fund Shares at Period End: 6,697,063,645.37 RMB [2][3] Financial Performance - Realized Income for the Period: 1,153,765.94 RMB - Net Asset Value at Period End: 167,979,800.00 RMB - Net Value Yield for the Period: 0.6658% - Cumulative Net Value Yield: 31.2871% [3][4] Investment Strategy - The fund aims to achieve stable current returns while maintaining the safety of principal and liquidity through a rigorous market value analysis and a conservative investment portfolio strategy focused on short-term financial instruments [2][3]. Market Review - The macroeconomic environment shows a mixed performance with fixed asset investment growth at 2.8% year-on-year, while real estate investment continues to decline by 11.2% [6][7]. - Manufacturing investment remains strong with a 7.5% year-on-year increase, and consumer retail sales improved by 5.0% [6][7]. Fund Operations - The fund actively seeks high-yield assets along the interest rate curve while ensuring compliance with legal and liquidity requirements [7][8]. - The fund's A, B, and D share classes reported net value yields of 0.6658%, 0.7848%, and 0.7879% respectively, outperforming the benchmark yield of 0.1760% [8][9]. Financial Statements - Total Assets as of June 30, 2025: 7,415,363,379.36 RMB - Total Liabilities: 718,299,733.99 RMB - Total Net Assets: 6,697,063,645.37 RMB [11][12].