朱永明，1999 年 7 月至 2002 年 9 月在中国银行总行营业部 工作，2004 年 4 月至 2018 年 1 月在中国民 生银行总 行工作，先后就职于公司银行部、小企业金融事业 部、董事会战略发展与投资管理委员会办 公室。2018 年 1 月加入民生加银基金管理有限公司，历任总经理助理、财务负责人兼综合管理部总 监、董事会秘书等职务，现任副总经理。 丁辉，2002 年 8 月至 2009 年 9 月在毕马威华振会计师事 务所任审计师、经理，2009 年 10 月至 2012 年 2 月 在毕马威企业咨询（中国）有限公司任高级经理， 2012 年 3 月至 2012 年 5 月在北京华远智和 管理有 限公司任高级经理，2012 年 5 月至 2022 年 11 月在 中国民生银行总行历任副处长、处长等职 务。2022 年 11 月加入民生加银基金管理有限公司，历任风险 管理部总监，现任董事会秘书。 | 基金管理人名称 | 民生加银基金管理有限公司 | | --- | --- | | 公告依据 | 《证券基金经营机构董事、监事、高级管理人员及 从业人员监督管理办法》、《公开募集证券投资基金 | | | ...

经深圳证券交易所确认，根据国联安基金管理有限公司（以下简称"本公司"）与东方证券股份有限公司 （以下简称"东方证券"）签署的申购、赎回业务代理协议，本公司决定自2025年5月26日起增加东方证 券为国联安中证全指证券公司交易型开放式指数证券投资基金（场内简称：证券ETF基金，二级市场交 易代码：159848，一级市场申购、赎回代码：159848）、国联安中证消费50交易型开放式指数证券投资 基金（场内简称：消费ETF基金，二级市场交易代码：159670，一级市场申购、赎回代码：159670）、 国联安创业板科技交易型开放式指数证券投资基金（场内简称：创科技ETF基金，二级市场交易代码： 159777，一级市场申购、赎回代码：159777）、国联安国证ESG300交易型开放式指数证券投资基金 （场内简称：ESG300ETF，二级市场交易代码：159653，一级市场申购、赎回代码：159653）的申购 赎回代办券商。 投资者可通过以下途径咨询有关详情： 1、东方证券股份有限公司： 客户服务电话：95503 网址：www.dfzq.com.cn 2、国联安基金管理有限公司： 客户服务电话：021-38784766， ...

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5月21日 起，本公司将下列证券投资基金的主流动性服务商调整为一般流动性服务商： 1、南方中证科创创业50交易型开放式指数证券投资基金(159780)： 广发证券股份有限公司 特此公告。 南方基金管理股份有限公司 2025年5月26日 南方基金管理股份有限公司关于以通讯方式 召开南方浩升稳健优选6个月持有期混合型 基金中基金（FOF）基金份额持有人大会的公告 一、召开会议基本情况 本次大会的权益登记日为2025年5月26日，权益登记日当天下午交易时间结束后，在登记机构登记在册 的本基金全体基金份额持有人均有权参加本次基金份额持有人大会并投票表决（注：权益登记日当天申 请申购的基金份额不享有本次会议表决权，权益登记日当天申请赎回的基金份额享有本次会议表决 权）。 南方基金管理股份有限公司（以下简称"基金管理人"）依据中国证监会2022年8月19日证监许可 [2022]1895号文注册募集的南方浩升稳健优选6个月持有期混合型基金中基金（FOF）（以下简称"本基 金"）于2023年5月18日成立。 根据《中华人民共和国证券投资基金 ...

Fund Overview - The fund is named Qianhai Kaiyuan Research-Driven Mixed Securities Investment Fund, with two classes: A and C [13][14] - The fund is a mixed-type open-ended securities investment fund with an indefinite duration [14] Fundraising Details - The fundraising period is from May 26, 2025, to June 6, 2025, with a maximum fundraising limit of 8 billion RMB [2][18] - If the total subscription amount exceeds 8 billion RMB, a proportional confirmation method will be used to control the scale [2][3] - The fund manager can adjust the fundraising scale limit as necessary [3] Subscription Regulations - The minimum subscription amount for both initial and additional subscriptions is 10 RMB [4] - There is no limit on the total subscription amount for individual investors, but a single investor cannot hold more than 50% of the fund's shares [4] - The subscription fee for Class A shares is capped at 1.20%, decreasing with larger subscription amounts, while Class C shares have no subscription fee [20] Fund Management and Custody - The fund manager is Qianhai Kaiyuan Fund Management Co., Ltd., and the custodian is CITIC Securities Co., Ltd. [1][40] Investor Information - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [14] - Investors can inquire about subscription matters through the fund manager's customer service or sales institutions [5] Fund Operation - The fund's net value may fluctuate due to market volatility, and investors should understand the product characteristics and risk-return profile before investing [7][8] - The fund may invest in Hong Kong stocks through the Stock Connect mechanism, which carries specific risks [9]

Group 1: Executive Changes - Han Yong has stepped down as the General Manager of Huatai-PB Fund, with Chairman Jia Bo temporarily taking over the role [1] - Wei Qingkong has transitioned from Vice General Manager to Chief Marketing Officer at Xinda Australia Fund [2][3] Group 2: Market Trends and Investment Opportunities - Public funds are increasingly focusing on the chain pharmacy sector, viewing it as a strategic opportunity after two years of store closures [4] - Major fund companies have been actively researching listed chain pharmacy companies, with some funds allocating a significant portion of their holdings to this sector [5] Group 3: Fund Adjustments and Market Activity - Guotai Fund has adjusted the minimum subscription and redemption unit for its ETF from 1 million to 2 million shares [6] - Guangfa Fund has added Guohai Securities as a primary dealer for several ETFs, enhancing trading options for investors [7][8] Group 4: Consumer Sector Outlook - Zhang Yuxiang from Penghua Fund indicates a potential recovery in the consumer sector in the second half of the year, driven by fiscal and consumption stimulus policies [9] - Specific segments such as liquor, beer, dairy products, and frozen foods are highlighted as promising investment areas [9] Group 5: Stock Holdings - Zhu Shaoxing's fund has significantly increased its stake in Puyuan Precision Electric, now holding 156.96 million shares, marking a substantial increase from previous holdings [10] Group 6: Market Performance - On May 9, the market experienced a decline, with the Shanghai Composite Index down 0.3% and the Shenzhen Component down 0.69%, amidst a total trading volume of 1.19 trillion yuan [11]

Group 1 - The company, Huabao Fund Management Co., Ltd., has announced a fee discount activity for certain open-end funds starting from May 12, 2025, in collaboration with Postal Savings Bank of China [1] - The fee discount is applicable to individual investors who subscribe and invest in designated fund products through Postal Savings Bank [1] - Specific funds and the corresponding discount rates will be detailed in the fund's legal documents [1][2] Group 2 - The promotional activity is limited to the front-end fees for the specified fund products purchased through Postal Savings Bank [3] - Investors are encouraged to read the fund contract, prospectus, and product summary for detailed information about the fund products [2][4]

Core Viewpoint - The "Action Plan for Promoting High-Quality Development of Public Funds" is a significant regulatory innovation in China's capital market, aimed at shifting the public fund industry from a "scale-driven" model to a "performance-driven" model, enhancing investor satisfaction and aligning fund managers' interests with those of investors [1] Group 1: Optimizing Evaluation System - The plan requires fund companies to establish a performance evaluation system centered on fund investment returns, incorporating metrics such as fund profitability and the proportion of profitable investors into the assessment of executives and fund managers [2] - By adjusting the evaluation system, the plan aims to guide fund managers and managers to prioritize shareholder returns, thereby improving investor satisfaction and avoiding practices that may harm investor interests [2] Group 2: Emphasizing Performance Benchmarks - The plan highlights the "anchoring" role of performance benchmarks, proposing regulatory guidelines for public fund performance comparison benchmarks and integrating these benchmarks into the performance evaluation of fund managers [3] - This approach is intended to clarify product positioning, reduce style drift, and discourage speculative investment behaviors, ultimately benefiting investors by facilitating risk matching and long-term holding [3] Group 3: Encouraging Equity Product Innovation - The plan promotes innovation in equity products, aiming to create a diverse range of investment tools that align with national development goals and provide long-term benefits to investors [4] - Additionally, the plan supports the development of floating fee rate funds, which will further align the interests of fund managers with those of investors, fostering a positive cycle of returns, capital inflow, and market stability [4]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued an action plan to promote the high-quality development of public funds, introducing a performance-based compensation mechanism for fund managers that links their pay to long-term performance, addressing the industry's longstanding issue of "scale over performance" [1][7]. Summary by Sections Regulatory Changes - The new action plan specifies that if a fund manager's product underperforms its benchmark by more than 10 percentage points over three years, their performance pay will be significantly reduced; conversely, if they outperform, their pay may be increased [1][7]. Fund Manager Performance - Data shows that among 111 fund managers with over 10 billion yuan in assets, 45 underperformed their benchmarks, with 24 of them lagging by more than 10 percentage points [3][5]. - Notable underperformers include Zheng Chengran from GF Fund, whose three-year return was -45.12%, trailing the benchmark by 45.14 percentage points [4][5]. Impact on Fund Companies - Major fund companies like E Fund and GF Fund have multiple managers facing potential pay cuts due to underperformance, indicating a significant performance disparity within the industry [6][7]. - The new regulations may encourage fund companies to strengthen their research teams and reduce reliance on individual star managers, as evidenced by mid-tier managers like Lu Bin and Zhao Yi, who have substantial assets but significant underperformance [6][7]. Long-term Implications - The new rules are expected to push the industry back to its asset management roots, making long-term performance a critical factor for fund managers' careers and potentially reducing risks for investors [7].

Group 1 - The fund being launched is named "Ping An Xin Sheng Mixed Initiated Securities Investment Fund," which has been registered with the China Securities Regulatory Commission (CSRC) [1] - The fund is categorized as a mixed securities investment fund and operates as a contractual open-end fund [15][16] - The fund aims to achieve long-term stable appreciation of assets while strictly controlling risks through various investment strategies [15] Group 2 - The fund will be publicly offered starting from May 12, 2025, and the fundraising period will not exceed three months [19] - The minimum subscription amount for individual investors through other sales institutions is set at RMB 1, while the minimum for direct sales is RMB 50,000 [2] - There is no upper limit on the subscription amount for individual investors, but if an individual investor's total subscription reaches or exceeds 50% of the total fund shares, the fund manager may impose restrictions [8][28] Group 3 - The fund's management is handled by Ping An Fund Management Co., Ltd., with China Postal Savings Bank as the custodian [1][59] - Investors must ensure that the funds used for subscription are legally sourced and free from any legal or contractual obstacles [10] - The fund's sales institutions may adjust subscription limits based on market conditions, and any changes will be announced in accordance with regulations [7][19] Group 4 - The fund offers two classes of shares: Class A, which charges a subscription fee, and Class C, which does not charge a subscription fee but deducts a service fee from the fund's assets [22][24] - The subscription fee for Class A shares is calculated based on the subscription amount, while Class C shares are calculated based on the total amount including interest [26][27] - Investors can subscribe multiple times during the fundraising period, but once a subscription application is accepted, it cannot be revoked [9][28]

Group 1 - Multiple regions in China, including Zhejiang, Henan, Yunnan, Jiangsu, and Hubei, have announced the establishment or completion of registration for mother funds focusing on sectors such as artificial intelligence, integrated circuits, semiconductors, new materials, high-end equipment, optoelectronic information, new energy, biomedicine, and medical devices [1][2] - Wuhan has announced a plan to create a 300 billion yuan mother-son fund cluster, with a maximum allowable loss of 100% [2][30] - The Hangzhou Science and Technology Innovation Fund is seeking general partners to establish sub-funds aimed at supporting strategic emerging industries in the city [3][4] Group 2 - The Zhengzhou Aviation Port Emerging Industry Development Equity Investment Fund has officially launched its sub-fund management institution recruitment, with a total scale of 10 billion yuan [5][6] - The Zhejiang provincial government is preparing a 10 billion yuan future industry fund and a 10 billion yuan merger mother fund [6][7] - The Yunnan Province High-Quality Agricultural Equity Investment Fund is seeking sub-fund management institutions to invest in key agricultural sectors [7][8] Group 3 - The Luoyang Angel Fund has completed registration with a total scale of 1 billion yuan, focusing on early-stage enterprises in sectors like artificial intelligence and new materials [9] - The Nantong Baoyuehu Science and Technology Innovation Mother Fund has been established with a total scale of 5 billion yuan, targeting strategic emerging industries [10] - The Jiangsu Province has launched a 10 billion yuan AI industry fund to support the development of an AI ecosystem [29] Group 4 - The Chengdu High-tech Zone has established a fund cluster with a total scale exceeding 320 billion yuan, focusing on various industries including electronic information and healthcare [20][21] - The Long Triangle Digital Cultural Industry Fund has been signed with a total scale of 10 billion yuan, focusing on the digitalization of the cultural industry [22] - The Jilin Province Ginseng Industry Fund has been established with a scale of 1.2 billion yuan, focusing on the ginseng industry chain [27]