Group 1 - The core viewpoint of the article highlights the increasing attractiveness of Chinese assets for both domestic and foreign institutions amid the Federal Reserve's resumption of the interest rate cut cycle, which is seen as a "risk management" approach to support economic growth [1] - As of September 21, 2025, 729 foreign institutions have conducted a total of 6,923 investigations into A-share companies, with over 400 investigations occurring in September alone, indicating strong foreign interest in Chinese assets [1] - The CSI A500 Index, an important component of the A-share broad-based index system, is positioned as a key tool for capturing overall opportunities in Chinese assets, with the A500 ETF from Huatai-PB seeing a capital inflow of 1.033 billion yuan over the last ten trading days [1] Group 2 - The A500 ETF closely tracks the CSI A500 Index, which features broad coverage and balanced industry representation, focusing on leading companies in the third-tier industries, potentially benefiting from China's modernization process [2] - As of September 19, 2025, the top five industries represented in the index are electronics, power equipment, banking, pharmaceuticals, and non-bank financials, showcasing a balanced industry allocation with both growth and value attributes [2] - The A500 ETF and its linked funds have a low fee structure, with management and custody fees at 0.15% and 0.05% per year, respectively, making them among the lowest in the A-share market [2][3] Group 3 - The A500 ETF has a cumulative unit net value of 1.2101 yuan as of September 19, 2025, making it one of the few ETFs tracking the CSI A500 Index to exceed this value [2] - Huatai-PB Fund, the manager of the A500 ETF, is one of the first ETF managers in China with over 18 years of experience, and it manages the largest ETF in the A-share market, the CSI 300 ETF, with a scale exceeding 566 billion yuan [2][3]

Group 1 - The core viewpoint of the news is the performance and shareholder structure of Changying Precision, highlighting its stock price increase and market capitalization [1] - As of September 22, Changying Precision's stock rose by 5.03%, reaching 33.01 CNY per share, with a trading volume of 3.134 billion CNY and a turnover rate of 7.10%, resulting in a total market value of 44.904 billion CNY [1] - The company, established on July 17, 2001, and listed on September 2, 2010, specializes in the development, production, and sales of electronic connectors, precision components for smart electronics, and components for new energy vehicles, among others [1] Group 2 - From the perspective of major shareholders, Huazheng Fund's Huazheng Chuangye 50 ETF (159949) entered the top ten circulating shareholders of Changying Precision in the second quarter, holding 8.8866 million shares, which is 0.66% of the circulating shares [2] - The estimated floating profit for Huazheng Chuangye 50 ETF today is approximately 14.0409 million CNY [2] - The fund was established on June 30, 2016, with a current scale of 25.16 billion CNY, and has achieved a year-to-date return of 51.56% [2] Group 3 - The fund manager of Huazheng Chuangye 50 ETF is Xu Zhiyan, who has a cumulative tenure of 17 years and 155 days, managing assets totaling 140.096 billion CNY [3] - During his tenure, the best fund return was 198.81%, while the worst was -96.54% [3] Group 4 - Huazheng Fund's Huazheng Tianyi Mixed A (001485) has increased its holdings in Changying Precision by 2,000 shares in the second quarter, now holding 18,000 shares, which constitutes 0.7% of the fund's net value [4] - The estimated floating profit for Huazheng Tianyi Mixed A today is about 28,400 CNY [4] - This fund was established on June 16, 2015, with a current scale of 55.1508 million CNY, and has achieved a year-to-date return of 4.69% [4] Group 5 - The fund manager of Huazheng Tianyi Mixed A is Zheng Weishan, who has a cumulative tenure of 3 years and 122 days, managing assets totaling 10.406 billion CNY [5] - The best fund return during his tenure was 32.02%, while the worst was 1.4% [5]

Group 1: International Gold Market - International gold prices experienced fluctuations, starting the week at $3644.34 per ounce, hitting a low of $3626.47, and reaching a high of $3707.00 before closing at $3684.59, resulting in a weekly gain of $40.25 or 1.1% [1] - The market showed a significant weekly volatility of $80.53, indicating active trading and investor interest [1] - The bullish outlook for gold remains strong, with expectations of further upward movement towards $3775 or higher, supported by the upper Bollinger Band [3] Group 2: Bond Market Insights - Major bond fund managers at firms like BlackRock and PGIM are maintaining specific trading strategies despite Federal Reserve policy shifts, indicating confidence in potential profits [2] - The recent interest rate cut by the Federal Reserve has led to the largest annual gain in the U.S. Treasury market since the pandemic began, reinforcing the attractiveness of mid-term bonds as a volatility hedge [2] - There is a notable divergence within the Federal Reserve regarding interest rate paths, influencing some banks to adjust their positions in the bond market [2]

来源：新浪基金∞工作室 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 港股通创新药ETF工银（159217）业绩比较基准为经汇率调整后的国证港股通创新药指数收益率，管理 人为工银瑞信基金管理有限公司，基金经理为刘伟琳、焦文龙，成立（2025-03-26）以来回报为 58.14%，近一个月回报为-4.25%。 9月19日，港股通创新药ETF工银（159217）跌1.38%，成交额4.92亿元。当日份额增加100.00万份，最 新份额为33.68亿份，近20个交易日份额增加4800.00万份。最新资产净值计算值为53.26亿元。 ...

Group 1 - Morgan Fund Management (China) Co., Ltd. has signed a fund sales agency agreement with Northeast Securities Co., Ltd. to add Northeast Securities as a sales agency for its funds [1] - Investors can conduct subscription, redemption, and regular investment related businesses through Northeast Securities [1] - Specific business processes, handling times, and methods will be subject to the regulations of Northeast Securities [1] Group 2 - For detailed inquiries regarding the fund sales, investors are advised to read the relevant legal documents such as the prospectus, fund product summary, and fund contract [2] - Contact information for inquiries includes Northeast Securities' customer service at 95360 and Morgan Fund Management's customer service at 400-889-4888 [2]

Core Insights - The launch of the new core broad-based index, the CSI A500, in September 2024 has created a "new blue ocean" for asset allocation, leading to a diverse product matrix including ETFs, enhanced strategies, and more [1][2] - The total scale of 32 CSI A500 ETFs has surpassed 180 billion yuan, with significant participation from long-term capital such as insurance funds [1][2] - The CSI A500 index has quickly gained recognition and surpassed many other broad-based indices, becoming the second-largest core broad-based index in the A-share market after the CSI 300 [2][3] Product Development - The CSI A500 ETF market has seen rapid expansion, with the first batch of 10 ETFs maintaining a significant lead in scale amid intense competition [2][3] - The largest CSI A500 ETF, managed by Huatai-PB Fund, has seen its scale grow from an initial 2 billion shares to over 22.3 billion shares by September 2025 [2][3] - The product matrix has diversified, offering various strategies from passive tracking to active quantitative enhancements, catering to different investor needs [8][9] Institutional Participation - Institutional investors dominate the holdings of the CSI A500 ETFs, with over 70% of the top ten holders being institutions [4][5] - Insurance funds play a crucial role, with significant investments from major insurance companies, indicating the index's alignment with their long-term investment strategies [5][6] - The participation of various entities, including state-owned funds, foreign institutions, and private equity, reflects a broadening funding base for the CSI A500 ETFs [7][10] Market Trends - The CSI A500 index is characterized by its balanced industry weightings and focus on industry leaders, making it attractive for long-term, stable returns [6][7] - The index's structure allows for effective diversification, which is beneficial during periods of rapid thematic rotation in the market [4][6] - The ongoing economic transformation in China and the shift of wealth from traditional fixed-income investments to equity assets are expected to further boost the appeal of the CSI A500 index [7][10] Future Outlook - The CSI A500 index is anticipated to benefit from the increasing recognition of its investment value among domestic investors, especially as the economic environment evolves [7][10] - The development of derivative products linked to the CSI A500 index could enhance its investment strategies and broaden its market appeal [9][10] - The overall trend towards index-based investment in China is supported by favorable policies encouraging long-term capital inflow into the stock market [10]

Fund Overview - The fund is named "E Fund Shanghai Stock Exchange 380 Index Open-End Fund of Funds" and is classified as a contract-based open-end index fund [22] - The fund aims to closely track its performance benchmark while minimizing tracking deviation and error [23] - The fund will be publicly offered from October 9, 2025, to October 29, 2025, with a maximum fundraising limit of 8 billion RMB [3][25] Fund Structure - The fund is divided into two share classes: Class A shares, which charge subscription fees, and Class C shares, which do not charge subscription fees but incur service fees during the holding period [1][27] - The fund will not allow conversions between different share classes initially, but may introduce this feature in the future [2] Subscription Details - The minimum subscription amount for individual investors is 1 RMB through non-direct sales institutions, while the minimum for direct subscriptions is 50,000 RMB [6] - Investors can make multiple subscriptions during the fundraising period, with no upper limit on the total subscription amount for individual investors [6][9] - The fund has a maximum fundraising limit of 80 billion RMB, and if this limit is exceeded, a proportionate confirmation method will be used to manage subscriptions [3][4] Investment Strategy - The fund will invest at least 90% of its net assets in the target ETF, which is designed to closely track the performance of the Shanghai Stock Exchange 380 Index [16] - The index selection process involves filtering stocks based on trading volume and ESG ratings, ultimately selecting the top 380 stocks by market capitalization [10][11][13] Fund Management - The fund is managed by E Fund Management Co., Ltd., with China Bank serving as the custodian [1][66] - The fund's performance will be closely linked to the performance of the underlying index, and it is subject to market risks [18][21] Regulatory Compliance - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by law [24] - The fund's contract will become effective only if it meets specific conditions, including a minimum of 200 investors and a total subscription amount of at least 200 million RMB [26]

Group 1 - The fund being launched is the "China Europe Value Navigation Mixed Securities Investment Fund" with the code 024427 [15][2] - The fund is a mixed securities investment fund, operating in a contractual and open manner [15] - The fundraising period is from October 16, 2025, to October 28, 2025 [27] Group 2 - The minimum total number of fund shares to be raised is 200 million shares, with a minimum fundraising amount of 200 million RMB [5][22] - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [18] - The minimum subscription amount for other sales institutions is 1 RMB, while the direct sales institution requires a minimum initial subscription of 10,000 RMB [8][23] Group 3 - The fund aims to achieve long-term stable growth of net asset value through selective stock picking while controlling investment portfolio risks [15] - The investment range includes various financial instruments such as stocks, bonds, and derivatives [19] - The fund's investment portfolio will allocate 60%-95% of its assets to stocks and depositary receipts, with a maximum of 50% of stock assets in Hong Kong Stock Connect stocks [21] Group 4 - The fund management company is China Europe Fund Management Co., Ltd., and the custodian is China Merchants Bank Co., Ltd. [56] - The fund's effective subscription funds will generate interest during the fundraising period, which will be converted into fund shares for the holders [39] - The fund's contract will become effective once the fundraising conditions are met, including a minimum of 200 million shares and 200 million RMB raised [55]

华夏基金管理有限公司 二〇二五年九月二十二日 华夏基金管理有限公司关于 为促进华夏创业板新能源交易型开放式指数证券投资基金（以下简称：创业板新能源ETF华夏）的市场 流动性和平稳运行，根据《深圳证券交易所证券投资基金业务指引第2号一一流动性服务》等有关规 定，自2025年9月22日起，华夏基金管理有限公司选定中国国际金融股份有限公司为创业板新能源ETF 华夏（159368）的流动性服务商。 特此公告 旗下部分深交所ETF 新增长城证券股份有限公司为 申购赎回代办证券公司的公告 自2025年9月22日起，华夏基金管理有限公司（以下简称"本公司"）旗下部分深交所ETF新增长城证券 股份有限公司为申购赎回代办证券公司。具体情况如下： 一、涉及基金 ■ 投资者可自2025年9月22日起在长城证券股份有限公司办理对应基金的申购、赎回等业务。投资者在销 售机构办理基金申购赎回等业务的具体流程、规则等以各销售机构的规定为准，销售机构的业务办理状 况亦请遵循其各自规定执行。 二、咨询渠道 ■ 投资者可拨打本公司客户服务电话（400-818-6666）或登录本公司网站（www.ChinaAMC.com）了解相 关信息。 上述基 ...

Group 1 - The fund "Fullgoal Steady Growth Bond Fund" has been approved for registration by the China Securities Regulatory Commission (CSRC) on July 5, 2025 [1] - The fund is a bond-type open-ended fund with an indefinite duration [1][12] - The public offering period for the fund is set from October 13, 2025, to October 24, 2025, with the possibility of adjustments based on subscription conditions [1][16] Group 2 - The fund aims to raise a total subscription amount not exceeding 5 billion RMB during the offering period [4][13] - If the subscription amount exceeds 5 billion RMB on any day, a proportional confirmation method will be used to control the scale [5][13] - The fund's minimum subscription amount is set at 10 RMB, with specific limits for different types of investors [3][21] Group 3 - The fund will not be sold to financial institutions' proprietary accounts, except for the fund manager's own funds [2][12] - Individual investors can subscribe up to 10 million RMB per day, with specific limits for different investor categories [2][12] - The fund's A-class shares will incur subscription fees, while C-class shares will not [25][31] Group 4 - The fund's management company is Fullgoal Fund Management Co., Ltd., and the custodian is Industrial Bank Co., Ltd. [49][50] - The fund's effective subscription funds will be frozen in a dedicated account during the offering period, with interest converted into corresponding fund shares [43] - The fund's contract will become effective once the required conditions are met after the offering period [47]