Core Viewpoint - Huazhong Securities Asset Management has announced a change in the management of several public collective funds to Huafu Fund to protect the interests of shareholders and ensure the long-term development of the collective plans [2][3]. Group 1: Management Change - Huazhong Securities Asset Management will change the management of multiple public collective funds, including five bond-type and one flexible allocation product, to Huafu Fund [3][4]. - The products will also undergo name changes, such as the "Huazhong Securities He Ying Nine-Month Holding Period Bond-Type Collective Asset Management Plan" changing to "Huafu An Yi Nine-Month Holding Period Bond Fund" [3][4]. Group 2: Fund Performance and Structure - As of June 2025, Huafu Fund's public offering scale reached 943.19 billion, with nearly 600 billion in non-cash scale and over 500 billion in bond-type funds [5]. - The period from 2020 to 2023 marked rapid growth for Huafu Fund, with its public offering scale increasing from over 600 billion to nearly 1,125 billion [5]. - In 2024, Huafu Fund's total assets were 8.56 billion, with net assets of 6.86 billion, and it reported a revenue of 3.14 billion, a decrease of 12.84% year-on-year [5][7]. Group 3: Company Background - Huazhong Securities Asset Management, a wholly-owned subsidiary of Huazhong Securities, was approved for establishment on September 1, 2023, and officially commenced operations on July 22, 2024 [6]. - As of the end of 2024, Huazhong Asset Management reported total assets of 164.69 million and net assets of 73.68 million, achieving a revenue of 24.86 million and a net profit of 9.75 million in its first operational year [7].

Group 1 - The core point of the news is the decision to hold a meeting for the holders of the Guoyuan Yuanying 30-day bond-type collective asset management plan to discuss the change of the management company to Changsheng Fund Management Co., Ltd. and the transformation of the product into Changsheng Yuanying 30-day bond-type securities investment fund [2][28][30] - The meeting will be conducted via communication methods, with voting starting from July 1, 2025, to July 30, 2025 [2][9][23] - The rights registration date for the meeting is set for June 30, 2025, allowing all registered holders to participate and vote [7][23] Group 2 - The management company of the plan will change from Guoyuan Securities Co., Ltd. to Changsheng Fund Management Co., Ltd. [34][35] - The investment managers will also change, with the new managers being from Changsheng Fund [36] - The product name will be updated from "Guoyuan Yuanying 30-day bond-type collective asset management plan" to "Changsheng Yuanying 30-day bond-type securities investment fund" [34] Group 3 - The valuation method will be adjusted according to relevant regulations from the China Securities Investment Fund Industry Association [37] - The minimum holding period calculation start date will be reset from the effective date of the new fund contract [38] - The performance benchmark will be revised from a specific index combination to the "China Bond Composite Index (full price) yield" [41]

Core Viewpoint - The announcement details the change of management for the CITIC Securities Bond Optimization One-Year Holding Period Bond Collective Asset Management Plan to Huaxia Fund Management Co., Ltd, along with the corresponding registration change to Huaxia Bond Optimization One-Year Holding Period Bond Investment Fund [1][2][3]. Group 1: Management and Registration Changes - The management of the collective asset management plan will transition from CITIC Securities Asset Management Co., Ltd to Huaxia Fund Management Co., Ltd [2][3]. - The registration of the plan will change from "CITIC Securities Bond Optimization One-Year Holding Period Bond Collective Asset Management Plan" to "Huaxia Bond Optimization One-Year Holding Period Bond Investment Fund" [3][5]. - The investment manager will also change from CITIC Securities' managers to Huaxia Fund's manager [4]. Group 2: Plan Duration and Structure - The original plan was set to expire on May 29, 2025, but the new structure will allow for an indefinite duration [5][6]. - The investment scope will expand to include "publicly offered securities investment funds and credit derivatives," with corresponding investment restrictions [6][7]. - The investment strategy will be adjusted to incorporate new investment types and strategies [7][8]. Group 3: Fee Structure and Valuation - The management fee will be reduced from 0.7% to 0.6% annually [9]. - The valuation methods will be updated in accordance with the latest regulations from the China Securities Investment Fund Industry Association [8][10]. Group 4: Shareholder Meeting and Voting - A shareholder meeting will be held to vote on the management change, requiring a two-thirds majority for approval [3][11]. - A redemption period of at least five trading days will be provided for shareholders to make decisions regarding their holdings [11][12]. - The decision from the shareholder meeting will take effect immediately upon approval and must be reported to the China Securities Regulatory Commission within five days [3][11].