Group 1 - Geopolitical conflicts have heightened market risk aversion, leading to a more than 4% increase in gold-related ETFs, while the S&P oil and gas ETF fell nearly 3%, indicating a sharp adjustment in risk expectations [2] - The probability of a Federal Reserve interest rate cut has strengthened to 78% according to CME, and central banks, particularly China, have been continuously increasing gold reserves for 18 consecutive months [3] - Historical data shows that extreme divergence between gold and oil and gas often signals an impending market shift, suggesting that the current asset reallocation reflects both short-term emotional responses and long-term inflation concerns [4] Group 2 - The surge in U.S. crude oil inventories and the increasing penetration of electric vehicles are suppressing demand expectations, while geopolitical premiums are being realized ahead of time [4] - Smart money is showing a preference for gold mining stock ETFs due to their greater elasticity, while there has been a significant increase in bearish options positions in the oil and gas sector [4] - The correlation between Bitcoin and gold has strengthened, indicating a shift in investor behavior as risk aversion becomes the dominant market theme [4]

| 序号 | | 合伙人名称 | 出资比例 ⇒ | | --- | --- | --- | --- | | | (315) | ¯州白云山医药集团股份有限公司 | 99.90% | | | | 国有企业 白云山（600332.SH） 白云山（00874.HK）霞 | | | 2 | | 广州广药资本私募基金管理有限公司 | 0.10% | | | 资本 | 国有企业 执行事务合伙人 私募基金管理人 | | 企查查APP显示，近日，广州广药二期基金股权投资合伙企业（有限合伙）成立，出资额15亿元，经营范围包含：以私募基金从事股权投资、投资管理、资 产管理等活动。企查查股权穿透显示，该企业由白云山（600332）等共同出资。 | . | 广州广 ¯药二期基金股权投资合伙企业（有限合伙 ○ 全国企业信用查询 | | 查一下 | | --- | --- | --- | --- | | 基本信息 7 | 法律诉讼 | 经营风险 | 经营信息 | | 执行事务合伙人 | 广州广 药资本私募基金管理有限 | 登记状态 | 存续（在营、开业、 | | | 公司 | 出资额 | 150000万元 | | 组织机构代码 | MA ...

Core Points - The announcement on August 5, 2025, states that Chen Chen has been appointed as the fund manager for the Pu Yin An Sheng Hong Li Selected Mixed Fund (519115), effective immediately, while Yang Fu Lin has stepped down as fund manager on the same date [1] - As of August 4, 2025, the net value of the fund was 2.7547, reflecting a slight decrease of 0.04% from the previous day, with a year-to-date increase of 2.68% [1] Summary of Chen Chen's Background - Chen Chen is a Chinese national with a Master's degree in Finance from Simon Fraser University, Canada [1] - Her previous roles include project assistant at Huashan Fund Management, analyst at Guohai Securities, and analyst at Industrial Securities [1] - She joined Pu Yin An Sheng Fund Management in July 2020 and has been serving as a fund manager in the equity investment department since [1] Fund Management Performance - Chen Chen has managed the following public funds: - Pu Yin An Sheng Value Selected Mixed Fund A (009368) with a return of -5.54% since October 9, 2024 [1] - Pu Yin An Sheng Value Selected Mixed Fund C (009369) with a return of -5.85% since October 9, 2024 [1] - In Q1 2025, she added Chongqing Bank to the portfolio at an average price of 10.65 and sold it in Q2 2025 at an average price of 12.24, resulting in an estimated return of 14.93% [1]

Group 1 - The Hong Kong Stock Connect Innovative Drug ETF (工银, 159217) experienced a decline of 0.26% on August 4, with a trading volume of 845 million yuan [1] - The fund's shares decreased by 19 million to a total of 3.504 billion shares, with a reduction of 291 million shares over the last 20 trading days [1] - The latest net asset value of the fund is calculated at 5.355 billion yuan [1] Group 2 - The performance benchmark for the Hong Kong Stock Connect Innovative Drug ETF is the adjusted return of the National Index for Hong Kong Stock Connect Innovative Drugs [1] - The fund is managed by ICBC Credit Suisse Asset Management Company, with fund managers Liu Weilin and Jiao Wenlong [1] - Since its establishment on March 26, 2025, the fund has achieved a return of 52.81%, with a one-month return of 16.12% [1]

Group 1 - The core point of the article is that E Fund Management Co., Ltd. has increased its stake in Tiger Med (03347.HK) by purchasing 1.1816 million shares at an average price of HKD 55.9087 per share, totaling approximately HKD 66.0617 million [1] - After the purchase, E Fund's total shareholding in Tiger Med increased to 13.8033 million shares, raising its ownership percentage from 10.25% to 11.21% [1][2]

Group 1 - The announcement states that Huabao Fund Management Co., Ltd. has signed a sales agency agreement with Industrial Bank Co., Ltd. to add the bank's platform as a distribution channel for certain funds starting from August 5, 2025 [1][2][3] Group 2 - The applicable funds for this distribution agreement are specified, and only institutional investors can use the Industrial Bank platform for account opening, subscription, redemption, and other services [2] - Contact information for both Industrial Bank and Huabao Fund is provided for inquiries [2] Group 3 - Huabao Fund will implement a share split for the Huabao S&P China A-Share Dividend Opportunity ETF, with a split ratio of 1:2, effective on August 8, 2025 [4][5] - The share split will not change the total value of the assets held by existing fund shareholders [12] Group 4 - The minimum subscription and redemption units will be adjusted from 500,000 shares to 1,000,000 shares effective August 11, 2025 [10] - A temporary suspension of certain trading activities related to the fund will occur from August 7 to August 8, 2025, with normal operations resuming on August 11, 2025 [11]

格隆汇8月5日丨根据联交所最新权益披露资料显示，2025年7月30日，中州证券(01375.HK)获易方达基金管理有限公司在场内以每股均价2.882港元增持473.5 万股，涉资约1364.63万港元。 增持后，易方达基金管理有限公司最新持股数目为112,221,000股，持股比例由8.99%上升至9.39%。 | 股份代號: | 01375 | | --- | --- | | 上市法國名稱: | 中原證券股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 05/07/2025 - 05/08/2025 | | 表格序號 | 大股東/董事/最高行政人員名稱作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 原因 | 股份數目 | | | (請參閱上述 * 註 | 有投票權股 (日 / 月 / 年) | | | | | | | | | 份自分比 | | CS20250804E00226 | 易方达基金管理有限公司 ...

Fund Overview - The fund is named "Hengsheng Qianhai Ruifeng Mixed Securities Investment Fund" and is classified as a mixed securities investment fund [7] - The fund will be publicly offered from August 18, 2025, to August 29, 2025 [9] - The initial offering price for the fund shares is set at RMB 1.00 [8] Fund Management and Custody - The fund is managed by Hengsheng Qianhai Fund Management Co., Ltd., and the custodian is Changsha Bank Co., Ltd. [1][35] Subscription Details - The fund offers two classes of shares: Class A and Class C, with different fee structures [2] - The minimum subscription amount for non-direct sales institutions is RMB 1, while for direct sales, it is RMB 50,000 for the first subscription [2][8] - There is no limit on the total subscription amount for individual investors, but the fund manager may restrict subscriptions if an investor's total exceeds 50% of the fund's total shares [2][10] Subscription Process - Investors must open a fund account with the management company and ensure the legality of the funds used for subscription [3][10] - Subscription applications must be confirmed by the fund's registration institution, and the acceptance of applications does not guarantee successful confirmation [3][20] Fund Operation and Conditions - The fund operates on a contractual open-end basis and has an indefinite duration [8] - The fund will only be established if it meets specific conditions, including a minimum of 200 investors and a total subscription amount of at least RMB 200 million [10][33] Investor Categories - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by law [1][8] - Specific groups, such as social security funds and enterprise annuities, may have differentiated subscription fee rates [12][14] Contact Information - Investors can contact the fund management company for inquiries regarding the fund and subscription processes [35][36]

Group 1 - The full text of the fund contract and the prospectus for the Hengsheng Qianhai Ruifeng Mixed Securities Investment Fund will be disclosed on August 5, 2025, on the company's website and the China Securities Regulatory Commission's electronic disclosure website [1] - The fund manager commits to managing and utilizing fund assets with honesty, credit, and diligence, but does not guarantee profits or minimum returns [1] - Investors are advised to fully understand the risk-return characteristics of the fund and make prudent investment decisions [1]

Group 1 - The fund is named "Zhaoshang Asset Management Zhida Hongli Preferred Mixed Initiation Securities Investment Fund" and is classified as a mixed securities investment fund [24][25] - The fund will be publicly offered from August 8, 2025, to August 14, 2025, through designated sales institutions [4][33] - The fund has two classes of shares: Class A shares, which charge subscription fees, and Class C shares, which do not charge subscription fees [2][30] Group 2 - The minimum subscription amount for individual investors is set at 1.00 yuan, and there is no limit on the cumulative subscription amount for individual investors during the fundraising period [3][45] - The fund aims to select high-quality listed companies with a focus on dividend themes, striving for long-term asset appreciation while managing risks [25][26] - The fund's investment scope includes various financial instruments, such as stocks, bonds, asset-backed securities, and futures [26][27] Group 3 - The fund is managed by Zhaoshang Securities Asset Management Co., Ltd., and the custodian is Shanghai Pudong Development Bank Co., Ltd. [1][58] - The fund's contract will automatically terminate if the net asset value falls below 200 million yuan three years after the contract's effective date [20][57] - The fund's management has the authority to adjust the fundraising arrangements based on subscription conditions [6][16]