Group 1 - The Jiangsu Province Strategic Emerging Industry Special Fund, initiated by Changzhou Investment Group, has a total scale of 8.5 billion and has officially entered the investment phase [1] - The Changzhou Future Industry Angel Fund, as a key component of the provincial strategic emerging fund cluster, has selected Suzhou Yuanhe Holdings as the fund management institution [1] - The fund focuses on key future industry sectors such as synthetic biology, third-generation semiconductors, artificial intelligence, low-altitude economy, and aerospace development, aligning with the "51010" strategic emerging industry cluster and "1650" industrial system [1]

Core Viewpoint - Three funds managed by Hai Futong Fund Management Co., Ltd. are set to be liquidated due to continuous decline in scale despite positive returns [2][3][4] Fund Performance and Liquidation - Hai Futong Xin Ying 6-Month Holding Period Mixed Fund, established in March 2024, saw its scale shrink by 84.39% to 32 million yuan by March 2025, despite a positive return [3][4] - Hai Futong ESG Leading Stock Fund, launched in March 2024, experienced a drastic reduction in net asset value, with A class dropping to 31.14 thousand yuan and C class to 10.27 thousand yuan by Q3 2024, leading to large-scale redemptions [4][6] - Hai Futong Quantitative Multi-Factor Mixed Fund, established in April 2018, had a cumulative return of 41.58% but faced a decline of 5.71% in 2025, with continuous outflows leading to a scale reduction to 1 million yuan [4][5][6] Common Issues Across Funds - All three funds faced challenges in attracting and retaining investors, leading to a persistent decline in scale, which hindered operational efficiency and profitability [6][7] - Over 30% of Hai Futong's 172 funds have scales below 50 million yuan, indicating potential liquidation risks for more products [7] Company Overview and Strategic Changes - Hai Futong Fund, established in 2003, is undergoing a significant transformation following the merger with Guotai Junan Securities, which may lead to a restructuring of its product offerings [10][12] - The company has a high proportion of bond funds, with 83.4% of total assets in bond and money market funds, while mixed fund scales have been declining [12][13] - The new leadership under Xie Lebin faces the challenge of balancing regulatory requirements and enhancing market competitiveness [10][20] ETF Performance - Hai Futong has seen significant growth in its ETF segment, with non-money market ETF assets increasing from 3.17 billion yuan to 54.08 billion yuan over four years, indicating a successful strategy in this area [19][20] - The company has established a competitive edge in specific sectors like short-term bonds and urban investment bonds, with individual products exceeding 10 billion yuan in scale [20]

基本功的基,就是基金的基。 做好投资、买对基金, 从夯实投资基金的基本功开始。 1分钟GET一个知识点, 起步更轻松。 如何快速签别 产品是不是细质基金? 主要可以从投资范围、名称及 业绩基准三处识别。 名字有 "债", 年化收益率8%, 挖到 "宝藏纯债基" ? 不, 也可能是固收+产品。如何区别两者?可从三点看: 1)看投资范围,纯债基金会明确不投资股票、可 持有人首次认证有礼啦！只要在2025年5月30日前买入中泰资管产品并持有至今的新朋友，长按识别 下方二维码前往认证，即可获得 影音会员 月卡一份 本材料不构成投资建议，观点具有时效性。本公司承诺以诚实信用、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。投资有风险，基金过往业绩不代表其未来表现。基金管理人管理的基金 的业绩不构成对其他基金业绩表现的保证。投资者投资基金时应认真阅读基金的基金合同、招募说明书、基金产 品资料概要等法律文件。基金管理人提醒投资者基金投资的"买者自负"原则，请投资者根据自身的风险承受能力 选择适合自己的基金产品。基金有风险，投资须谨慎。 扫码进入基本功专栏 ...

2025年行将过半，A股各大指数企稳回升，在此背景下，国内公募FOF发行市场颇为火热，行业呈现规模出现回升、产品结构多维升级的态 势，反映出投资者对该类产品的认可度正不断提升。 根据平安证券统计，截至2025年一季度末，国内FOF基金存量规模环比增长13.46%至1510.8亿元。业绩表现方面，一季度86%的FOF基金取得 正收益，偏股型FOF业绩相对较优。 截至6月4日，Wind数据显示，国内FOF基金存量规模进一步增长至1618.52亿元。从业绩来看，工银瑞信基金、前海开源基金、同泰基金、鹏 华基金等旗下FOF基金业绩领跑同类产品，展现不俗的投资能力。总体看，在A股指数企稳以及港股新消费概念市场的带动下，机构投资者加 速布局。此外，由于ETF具备高流动性、低费率的优势，成为了FOF组合的核心模块，推动着行业向工具化、精细化的方向发展进化。 | 截止日期: | 2025-06-04 E | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 房号 | 基金类型 | 数量合计(只) | 占比(%) | 份额合计(亿份) | 占比(%) ...

政府投资基金高质量发展再提速！ 6月10日，《甘肃省人民政府办公厅关于促进政府投资基金高质量发展的实施意见》（以下简称《实施意见》）发布，其中 "各级财政部门负责统一管理本级政府投 资基金，严控新设基金，推动优化整合已设基金" 的提法引发关注。这是地方层面贯彻落实今年1月7日国务院办公厅印发的《关于促进政府投资基金高质量发展的 指导意见》（以下简称 "国办一号文"）的又一举措，也折射出当前地方政府投资基金领域的政策走向。 据证券时报记者不完全统计，国办一号文印发后，包括广东、河南平顶山、黑龙江、成都、山西等多地已相继出台相关政策文件。其中，严控新基金设立、存量基 金管理、调整出资比例和返投政策等成为各地促进政府投资基金高质量发展的重要举措。 严控新设基金、整合存量基金 上述《实施意见》提出，"各级财政部门负责统一管理本级政府投资基金，严控新设基金，推动优化整合已设基金，明确直接管理或委托管理的职责划分，强化统一 运作管理。"该举措与国办一号文的相关指引基本一致。 但值得注意的是，今年1月发布的国办一号文对新基金设立的管理范围仅限于区县级政府，提出"严格控制区县政府设立政府投资基金，财力、资源足以设立的，审 批 ...

Group 1 - The core viewpoint is that China's financial industry has made significant progress in opening up, with substantial relaxation of market access and deepening interconnectivity between domestic and foreign financial markets [1][2] - The People's Bank of China and other regulatory bodies have jointly issued an action plan to enhance cross-border financial services, focusing on improving settlement efficiency, optimizing hedging services, strengthening financing services, enhancing insurance protection, and refining comprehensive financial services [1][2] - The removal of foreign ownership limits in banking, securities, fund management, futures, and life insurance sectors marks a major step in financial service market access [2] Group 2 - The "Bond Connect" program achieved a total trading volume of 10.4 trillion yuan in 2024, facilitating foreign investors in allocating Chinese assets and managing risks through various hedging tools [2] - The concept of institutional opening is emphasized, transitioning from the flow of goods and factors to the opening of rules and systems, which aids in international cooperation and aligns with high international standards [2][3] - The State Administration of Foreign Exchange has implemented reforms to streamline foreign exchange business processes, enhancing the experience for quality clients by reducing documentation requirements [3] Group 3 - There is a strong emphasis on balancing openness with security, with plans to enhance regulatory capabilities and risk prevention measures in the context of increased openness [3] - The establishment of a robust risk prevention system is crucial to avoid systemic risks, including the improvement of macro-prudential policy frameworks and monitoring systems for cross-border capital flows [3]

Core Points - Priority Income Fund has declared monthly cash "base" and "bonus" distributions for June, July, and August 2025, consistent with prior distributions [1][2] - The annualized total cash distribution is $1.34016 per share, with Class R at a 17.4% annualized rate and Class I at an 18.7% annualized rate [2] - Cumulative cash distributions since inception in January 2014 total $16.39 per common share through August 2025 [5] Monthly Cash "Base" Distribution - The cash "base" distribution is $0.08056 for June and July 2025, and $0.10070 for August 2025, payable monthly [3] - These distributions represent the 138th, 139th, and 140th consecutive monthly "base" distributions [3] Monthly Cash "Bonus" Distribution - The cash "bonus" distribution is $0.024167 for June, July, and August 2025, representing the 57th, 58th, and 59th monthly "bonus" distributions [4] Preferred Stock Distributions - The Fund has declared distributions on various series of preferred stock, including Series D, I, J, K, and L, with amounts ranging from $0.37500 to $0.43750 per share [6][7] Fund Overview - Priority Income Fund is a registered closed-end fund focused on acquiring and growing an investment portfolio primarily consisting of senior secured loans and collateralized loan obligations (CLOs) [9] - The Fund is managed by Priority Senior Secured Income Management, LLC, which has a team of investment professionals from Prospect Capital Management L.P. [9]

21世纪经济报道记者 易妍君 广州报道 ETF市场呈现"冰火两重天"。 这背后，在ETF市场马太效应凸显的当下，公募基金公司争夺市场资金的"暗战"愈发激烈，一些ETF产 品开始增加流动性服务商的数量，以谋求突围。 受访人士向21世纪经济报道记者指出，流动性是ETF的生命线，直接影响其交易效率、成本和市场吸引 力。新增流动性服务商有助于提升ETF产品的竞争力。 流动性欠佳背后 对于ETF投资而言，规模小是一个重要的警示信号，它可能意味着更高的流动性风险、清盘风险以及较 大的跟踪误差。今年以来，资产净值长期低于5000万元的ETF数量继续增加。 6月10日，工银瑞信基金公告称，截至2025年6月9日，工银中证1000增强策略ETF的基金资产净值已连 续30个工作日低于5000万元人民币，可能触发《基金合同》终止情形。 同时，5月以来，还有景顺长城MSCI中国A股国际通ETF、工银国证2000ETF、国泰中证智能汽车主题 ETF、银华中证1000增强策略ETF等多只ETF发布公告，分别提示基金资产净值连续低于5000万元，可 能触发基金合同终止。这意味着，上述基金存在清盘的风险。 另一方面，从二级市场看，部分ETF ...

来源： 甘肃省人民政府 近日，甘肃省人民政府办公厅发布关于促进政府投资基金高质量发展的管理办法 。其中明确提 出，需要强化政府引导，各级财政部门负责统一管理本级政府投资基金，严控新设基金，推动优化 整合已设基金，明确直接管理或委托管理的职责划分，强化统一运作管理。《办法》还指出，需要 培育壮大长期资本、耐心资本，合理确定政府投资基金存续期。各地需要严格落实建设全国统一 大市场部署要求， 建立健全激励容错体系， 不以招商引资为目的设立政府投资基金。 以下为办法原文： 峰会： 「2025母基金年度论坛」盛大启幕：汇聚中国力量！ 热文： 一纸新规，炸出一级市场的管理费焦虑 热文： 今年，上市公司热衷做并购基金 对接需求请扫码 每日｜荐读 榜单： 「2025投资机构软实力排行榜」评选启动 ...

Group 1 - The largest equity ETF in the market, Huatai-PB CSI 300 ETF, announced a cash dividend plan of 0.880 yuan per 10 fund shares, with a total dividend amount expected to exceed 8 billion yuan, potentially setting a record for the highest single dividend in domestic ETF history [1] - Since its establishment on May 4, 2012, the Huatai-PB CSI 300 ETF has distributed dividends 13 times, with a total dividend amount expected to surpass 16 billion yuan, maintaining a stable record of returning profits to shareholders [1] - Other ETFs under Huatai-PB, including Huatai-PB CSI Hong Kong Stock Connect High Dividend Investment ETF, Huatai-PB CSI Central Enterprises Dividend ETF, and Huatai-PB SSE Dividend ETF, also announced dividend plans, contributing to a total of 14.5 billion yuan in dividends from four major ETFs, accounting for 70% of all ETF dividends [1] Group 2 - The A-share market's dividend ecosystem has been continuously optimized due to regulatory guidance on cash dividends, with a significant increase in cumulative dividend amounts for ETFs since 2025 compared to the previous year [2] - Major "giant" broad-based ETFs, including Huatai-PB CSI 300 ETF, E Fund CSI 300 ETF, Huaxia CSI 300 ETF, and Harvest CSI 300 ETF, received substantial increases in holdings from the "national team," indicating a supportive stance towards the capital market [2]