【导读】多只QDII基金放宽大额申购限制 中国基金报记者 曹雯璟 多只QDII基金放宽大额申购限制。 7月4日， 鹏华、华宝 基金宣布旗下多只QDII基金产品调整大额申购金额上限。此外，近日， 华安、汇添富 等多家基金公司宣布旗下QDII 产品恢复正常申购业务或提升申购限制金额。 业内人士表示，多只 QDII产品恢复申购业务或大额申购，与新一轮QDII额度获批有关。 多只QDII基金放宽大额申购限制 7月4日，华宝基金发布公告称，华宝致远混合型基金(QDII)将大额申购门槛由2万元调整为20万元，华宝纳斯达克精选股票发起式(QDII)将 大额申购门槛由5000元调整为2万元，华宝海外科技股票(QDII-LOF)将大额申购门槛由2000元调整为1万元。 7月4日，鹏华基金也发布公告称，鹏华全球高收益债（QDII）人民币份额自7月7日起，单日单个基金账户累计申购和定期定额投资金额限 额由5万元调整为10万元。该基金美元现汇份额自7月7日起，单日单个基金账户累计申购和定期定额投资金额限额由1万美元调整为2万美 元。此外，鹏华全球中短债债券（QDII）也发布调整大额申购公告。 7月以来，多只QDII基金恢复了正常申购 ...

Core Insights - Several QDII funds have resumed normal subscription operations or increased subscription limits since July, indicating a positive shift in the investment landscape [1] - The State Administration of Foreign Exchange has issued a total investment quota of 3.08 billion USD to eligible QDII institutions, supporting cross-border investment activities [1] Group 1: Fund Operations - Funds such as Huazhong Nikkei 225 ETF (QDII) and Huazhong Germany (DAX) ETF (QDII) have reopened for subscriptions, welcoming new investments [1] - Other funds like Huatai-PineBridge Nasdaq Biotechnology ETF and Huatai-PineBridge Nasdaq 100 ETF have announced the resumption of large subscription services [1] Group 2: Regulatory Support - The issuance of 3.08 billion USD in investment quotas by the State Administration of Foreign Exchange aims to facilitate compliant cross-border investment by QDII institutions [1] - This regulatory support is designed to meet the reasonable foreign investment needs of domestic residents while effectively managing risks [1]

Market Overview - The bond market experienced a slight decline last week (June 23-27, 2025), with the China Bond Composite Wealth Index (CBA00201) down by 0.05% and the China Bond Composite Full Price Index (CBA00203) down by 0.09% [2] - Short-term interest rates decreased while long-term rates increased, with credit bond yields generally rising and credit spreads widening [11] - The People's Bank of China (PBOC) maintained a supportive stance, injecting a net of 12,672 billion yuan into the market, which favored short-term bonds [11] Public Fund Market Dynamics - The PBOC announced plans to open a new batch of Qualified Domestic Institutional Investor (QDII) investment quotas to meet domestic investor demand, marking the first release in a year [14][15] - As of May 31, 2025, the total approved QDII quota reached 167.79 billion USD, with securities accounting for the largest share at 54.93% [15] Fund Performance Tracking - Short-term bond fund index rose by 0.02% last week, with a cumulative return of 3.94% since inception [3] - Medium to long-term bond fund index fell by 0.05%, with a cumulative return of 6.48% since inception [4] - Low volatility fixed income + fund index increased by 0.16%, with a cumulative return of 2.47% since inception [5] - Medium volatility fixed income + fund index rose by 0.42%, with a cumulative return of 1.78% since inception [6] - High volatility fixed income + fund index increased by 0.35%, with a cumulative return of 3.00% since inception [7] - Convertible bond fund index rose by 2.13%, with a cumulative return of 9.98% since inception [8] - QDII bond fund index increased by 0.59%, with a cumulative return of 7.96% since inception [9] - REITs fund index fell by 2.80%, but still recorded a cumulative return of 39.01% since inception [10] REITs Market Observation - The REITs secondary market adjusted from high levels, with the CSI REITs Total Return Index down by 1.38% last week [13] - Newly launched REIT products received strong market interest, with first-day trading limits reached for new listings [13] - The Shanghai and Shenzhen Stock Exchanges released new guidelines for public REITs expansion, which may stabilize future operations [13]

Group 1: CIPS Developments - The Renminbi Cross-Border Payment System (CIPS) signed agreements with six foreign institutions, marking the first coverage of direct foreign participants in Africa, the Middle East, Central Asia, and Singapore [1] - CIPS officially launched its international letter of credit business, which is significant for optimizing bilateral Renminbi trade settlements globally [4] Group 2: Central Bank Initiatives - The People's Bank of China has signed bilateral currency swap agreements with over 30 countries and regions, enhancing the global financial safety net [3] - The central bank is exploring the possibility of increasing the regular issuance of Special Drawing Rights (SDR) to enhance its role as an international reserve asset [5] Group 3: Technological Advancements - The application of new technologies such as blockchain is accelerating the development of central bank digital currencies and stablecoins, reshaping traditional payment systems [2] - Huawei's executive highlighted that the proportion of 5G-connected vehicles in China's passenger car sales is expected to rise to 95% by 2030, indicating a significant growth opportunity in the smart connected vehicle sector [6] Group 4: Regulatory Changes - The China Securities Regulatory Commission (CSRC) announced the reintroduction of listing standards for unprofitable companies on the Sci-Tech Innovation Board, aiming to enhance inclusivity for quality tech firms [9] - The CSRC is implementing new measures to facilitate mergers and acquisitions, including a phased payment mechanism for share consideration [10] Group 5: Market Trends - Market research indicates that Samsung's reduction in DDR4 supply may lead to a shortage, with prices for DDR4 components significantly increasing, which could accelerate the transition to DDR5 [8]