Summary of Key Points Core Viewpoint - The trading volume of the ChiNext 50 Index ETF reached 762 million yuan today, marking an increase of 199 million yuan from the previous trading day, with a growth rate of 35.28% [1]. Trading Volume Analysis - The Huazhang ChiNext 50 ETF (159949) had a trading volume of 582 million yuan, up 125 million yuan from the previous day, reflecting a growth of 27.41% [1]. - The Invesco Great Wall ChiNext 50 ETF (159682) saw a trading volume of 123 million yuan, an increase of 61.67 million yuan, with a significant growth rate of 101.35% [1]. - The Chuang 50 ETF (159681) recorded a trading volume of 31.56 million yuan, up 5.59 million yuan, representing a growth of 21.55% [1]. - The top performers in terms of trading volume increase included the Chuang 50 ETF ICBC (159370) and the Fortune ChiNext 50 ETF (159371), with increases of 606.21% and 256.73% respectively [1]. Market Performance - As of market close, the ChiNext 50 Index (399673) rose by 1.03%, while the average increase for related ETFs tracking the ChiNext 50 Index was 0.87% [1]. - The top gainers among ETFs included the Guotai ChiNext 50 ETF (159375) and the Invesco Great Wall ChiNext 50 ETF (159682), which increased by 1.10% and 1.03% respectively [1]. - The Fortune ChiNext 50 ETF (159371) was the only ETF to decline, with a decrease of 0.11% [1].

Core Viewpoint - Several fund companies in China are purchasing their own newly launched floating rate funds, indicating confidence in the long-term stability and health of the capital market and their investment management capabilities [1][3][4]. Group 1: Fund Companies' Self-Purchases - On June 9, China International Fund announced a plan to invest 20 million yuan in its newly launched floating rate fund, "China International Fund Rui'an Mixed Securities Investment Fund" [1]. - Other leading public fund institutions, including China Europe Fund, Bosera Fund, and Orient Securities Asset Management, have also announced self-purchases, with a cumulative investment amount reaching 70 million yuan [3]. - Manulife Fund announced on June 7 that it would invest 10 million yuan in its "Manulife Smart Navigation Mixed Securities Investment Fund" [3]. - On June 3, Xingzheng Global Fund stated it would invest 20 million yuan in its "Xingzheng Global Heqi Mixed Securities Investment Fund" [3]. - China Europe Fund committed 10 million yuan to its floating rate fund, "China Europe Large Cap Smart Selection Mixed Initiated Fund," with a holding period of no less than three years [3]. - Bosera Fund announced investments of 10 million yuan each in two of its equity funds on May 28, one of which is a floating rate fund [3]. - Orient Securities Asset Management stated it would invest 10 million yuan in its "Orient Red Core Value Mixed Fund" [3]. - Tianhong Fund also announced a 10 million yuan investment in its floating rate fund, "Tianhong Quality Value Mixed Fund" [4]. Group 2: Purpose and Industry Trends - The introduction of floating rate products aims to alleviate the issue where funds do not generate profits for investors while fund companies do, and to promote high-quality development within the fund industry [4]. - Industry insiders view the recent reforms in public fund fees, particularly the launch of floating rate products, as a significant exploration and attempt to drive further high-quality development in the industry [5]. - According to CITIC Securities, the weighted management fee rates of various fund products have significantly decreased compared to the end of 2022, indicating a successful fee reduction trend [5]. - The fund industry in China still has considerable room for further fee reductions compared to overseas markets, suggesting that the practice of fee reform and product innovation is ongoing [5]. - Future developments in floating rate funds may extend to bond funds, with fixed income + products being prioritized [5]. - Huabao Securities noted that the asymmetric fee structure of new floating rate products will enhance the importance of performance benchmarks, which may influence investors' decisions [5].

Core Points - The upcoming Singapore forum on June 11 marks a new beginning for China-Singapore financial cooperation and showcases achievements over the past decade [2] - By 2025, the China-Singapore (Chongqing) Strategic Connectivity Demonstration Project will celebrate its 10th anniversary, with significant progress in financial innovation and cooperation [2][5] - Chongqing has emerged as a leader in financial policy innovation in the central and western regions of China, enhancing financial interactions with ASEAN countries [2][5] Financial Cooperation Mechanisms - Since the launch of the China-Singapore connectivity project in November 2015, a comprehensive cooperation mechanism has been established at multiple levels [3] - A memorandum was signed between the Monetary Authority of Singapore and Chongqing's financial regulatory authority to explore innovative regulatory cooperation models [3] - Various cooperation mechanisms have facilitated the implementation of financial innovation policies, enhancing the financial reform landscape in Chongqing [3][5] Key Projects and Achievements - As of May 2025, 74 financial innovation policies have been launched, covering cross-border investment, settlement, and insurance cooperation [5][11] - The recent signing of 23 cooperation projects, totaling approximately $2.4 billion, highlights ongoing collaboration in various sectors, including finance [5][6] - The establishment of the China-Singapore (Chongqing) Equity Investment Fund in 2016, with a total scale of 100 billion yuan, aims to support national strategic deployments [6] Financial Institutions and Market Expansion - Chongqing has successfully attracted over 20 financial institutions from Singapore, including private equity and leasing companies [9][10] - The city has also seen the establishment of 17 foreign bank branches, with a significant presence from ASEAN banks [10] - Chongqing's financial institutions have engaged in cross-border financing exceeding $23 billion, with notable achievements in bond issuance [11][12] Impact on Regional Connectivity - The China-Singapore financial cooperation has enhanced Chongqing's financial influence and connectivity with ASEAN countries [12] - The China-Singapore Financial Summit has become a key platform for financial exchanges between Western China and ASEAN nations, facilitating numerous project agreements [12]

近期，富国基金管理有限公司（以下简称"基金管理人"）旗下富国国证信息技术创新主题交易型开放式 指数证券投资基金（场内简称：信创ETF富国；产品代码：159538，以下简称"本基金"）规模变动较 大，本基金标的指数权重股停牌，基金管理人无法及时调整投资组合，可能导致本基金跟踪误差及跟踪 偏离度扩大。特此提示投资者关注相关风险并谨慎做出投资决策。 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。投资者投资于本基金前应认真阅读本基金的基金合同和招募说明书（更新）、 基金产品资料概要（更新）等相关法律文件。 特此公告。 富国基金管理有限公司 2025年6月9日 华西证券股份有限公司 客服电话：95584 公司网站：www.hx168.com.cn 富国基金管理有限公司关于新增华西证券股份有限公司为部分基金申购赎回代理券商的公告 根据富国基金管理有限公司（以下简称"本基金管理人"）与华西证券股份有限公司签署的基金销售协 议，新增上述券商担任富国深证50交易型开放式指数证券投资基金（场内简称：深证50ETF富国；二级 市场交易代码：159350）、富国中证8 ...

Core Viewpoint - The approval of E Fund's wholly-owned subsidiary, E Fund Wealth Management Fund Sales (Guangzhou) Co., Ltd., is expected to inject new vitality into the public fund sales industry and enhance service quality and professionalism among sales subsidiaries [1][3]. Summary by Sections Company Establishment - The China Securities Regulatory Commission (CSRC) has approved E Fund to establish a subsidiary with a registered capital of 100 million yuan, focusing on securities investment fund sales and buy-side investment advisory services [2][4]. - E Fund submitted the application for the subsidiary in May 2023, and after addressing feedback from the CSRC, the approval was granted two years later [2]. Industry Impact - The establishment of E Fund Wealth is seen as a response to policy guidance aimed at promoting high-quality development in the public fund industry, allowing fund management companies to set up subsidiaries for investment advisory services [3][4]. - The approval marks the expansion of the public fund sales subsidiary sector, which now includes nine approved subsidiaries, with E Fund being the latest addition [4][5]. Future Prospects - E Fund Wealth plans to apply for qualifications in fund sales and investment advisory services, aiming to build a comprehensive and intelligent advisory service system for wealth management [3][5]. - The industry is witnessing a surge in applications for public fund subsidiaries, with eight more currently awaiting approval, indicating a trend towards diversification and enhanced competitiveness among public funds [5].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved the establishment of a sales subsidiary by E Fund Management Co., marking the first approval for a public fund sales subsidiary in a year, indicating a renewed interest in wealth management services within the public fund industry [2][3]. Group 1: Approval of Sales Subsidiary - The CSRC approved E Fund's establishment of E Fund Wealth Management Fund Sales (Guangzhou) Co., Ltd., with a registered capital of 100 million RMB, focusing on securities investment fund sales [2]. - This subsidiary is the 9th public fund sales subsidiary approved, following approvals for subsidiaries from other fund companies such as Harvest Fund, GF Fund, and others [2]. - The last approval prior to this was in June 2024 for Huatai-PineBridge Fund, with the previous one dating back to 2021 [3]. Group 2: Shift to Buy-side Investment Advisory Services - E Fund's new subsidiary will concentrate on buy-side investment advisory services and plans to apply for qualifications in fund sales and investment advisory [5]. - The establishment of this subsidiary aligns with the broader trend of public funds transitioning towards wealth management, supported by government initiatives [5][6]. - The "Nansha Financial 30 Articles" released in 2025 emphasizes the development of public fund investment advisory services, showcasing the government's commitment to this sector [5]. Group 3: Growth in Fund Sales Market - The public fund sales market is currently characterized by a "triple dominance" of banks, securities firms, and third-party institutions, with the top ten funds requiring a minimum of 100 billion RMB in assets [4]. - As of the end of 2024, three public fund sales subsidiaries have entered the top 100 list based on fund sales scale, indicating a competitive landscape [4]. - E Fund's investment advisory services have reportedly served over 120,000 individual clients and more than 100 institutional clients, with a client profitability rate of approximately 70% since the service's launch [6].

Group 1 - The core point of the article revolves around the frequent personnel changes at Xinda Australia Fund, particularly the departure of Vice President Wei Qingkong and the appointment of Ge Feng as the new Chief Marketing Officer [2][3][5] - Wei Qingkong's departure from the position of Chief Marketing Officer occurred on May 7, followed by Ge Feng's appointment as his successor, indicating a rapid transition in leadership [3][5] - The article highlights the strategic importance of Ge Feng's background in institutional channel sales, which aligns with Xinda Australia Fund's current focus on expanding its "fixed income+" business as a second growth curve [5][7] Group 2 - Xinda Australia Fund has experienced six changes in the Vice President position within a short span from early 2023 to May 2025, reflecting significant organizational instability [7] - Despite the frequent personnel changes, Xinda Australia Fund has achieved impressive performance, ranking first among 40 public funds with an average return of 18.95% over the past year as of May 31 [7][8] - The fund has a total of 85 mixed funds that meet evaluation standards, with 73 showing positive returns and 41 exceeding 20% returns in the past year, indicating strong performance amidst leadership changes [8]

一位公募基金元老级人物离开行业一线。 6月6日，交银施罗德基金发布高管变更公告，公司原总经理谢卫转任资深专家，总经理一职由原交通银行总行 金融机构部总经理、资产管理业务中心总裁袁庆伟接任。 谢卫于2019年2月起担任交银施罗德基金总经理至今，据悉将于今年夏天正式退休。 谢卫卸任交银基金总经理 谢卫是公募基金行业为数不多的元老级总经理，完整见证了中国公募基金行业27年的发展历程。 谢卫历任中央财经大学金融系教员；中国社会科学院财贸所助理研究员；中国电力信托投资公司基金部副经 理；中国人保信托投资公司证券部副总经理、总经理、北京证券营业部总经理、证券总部副总经理兼北方部总 经理；1997年底参加中国证监会主办的首届基金培训班，1998年参与筹备"老十家"之一的富国基金并担任富国 基金副总经理，作为行业首批"拓荒者"开启了他长达27年的公募基金从业生涯。 2008年，谢卫加入交银施罗德基金担任副总经理，2019年2月起任交银施罗德基金总经理至今，在公司任职17 年之久。 作为行业元老，谢卫与公募基金共同成长，不仅亲历行业从萌芽探索到高质量发展，并且在2008年成为公募基 金行业唯一的全国政协委员，在历年全国两会期间 ...

Core Viewpoint - The launch of the first credit bond ETF repo business marks a significant innovation step in the bond market, enhancing liquidity and efficiency for investors [1][2][6]. Group 1: Launch and Approval - The first credit bond ETF repo business officially took effect on June 6, with several fund companies, including E Fund, Ping An Fund, and Bosera Fund, receiving approval for their credit bond ETFs [1][2]. - This initiative follows a notice from China Clearing in March, allowing eligible credit bond ETFs to pilot general repo business, expanding the scope of fund product repurchase trials [2][3]. Group 2: Market Impact and Liquidity - Credit bond ETFs have shown significant inflows, with a net inflow of 67 billion yuan in the first five months of the year, accounting for nearly 80% of the total net inflow in bond ETFs [4]. - As of May 31, the total market size of credit bond ETFs surpassed 140 billion yuan, representing close to half of the bond ETF market [4]. - The inclusion of credit bond ETFs in the repo collateral pool is expected to enhance liquidity and trading activity, benefiting long-term product development [4][6]. Group 3: Investment Convenience - Credit bond ETFs provide a more convenient investment method for investors, allowing for diversified exposure and reduced credit risk through a combination of bonds [5][6]. - The ability to use credit bond ETFs as collateral for short-term funding enhances their role as both low-risk investment tools and liquidity management instruments [6][7]. - The new repo functionality is anticipated to attract more capital into the market, creating a positive cycle of growth and liquidity enhancement for credit bond ETFs [4][6][7].

Group 1 - The core point of the news is that 22% of Donghai Fund's equity is currently being solicited for bids on Alibaba's asset platform after previous failed auctions on JD's platform [1][3][5] - Donghai Fund is projected to achieve an operating income of approximately 150 million yuan and a net profit of around 37 million yuan by 2029, with an average annual growth rate of 29.86% for revenue and 10.69% for net profit over the next six years [1][9][12] Group 2 - In 2024, Donghai Fund reported a net profit of -4.36 million yuan, indicating ongoing financial challenges [2][11] - The fund's management scale was approximately 27.9 billion yuan at the end of 2024, showing growth from 22.1 billion yuan at the end of 2023, but it decreased to about 26.1 billion yuan by the end of Q1 2025 [12]