Announcement Details - The Hua Bao Nasdaq Select Stock Fund (QDII) will adjust the daily single account subscription limit to 50 yuan starting from November 17, 2025, for sales agents, while the limit remains at 100,000 yuan for direct sales [1] - If a single account's subscription exceeds the limit, the fund manager will confirm the subscription up to the limit, and any excess will be deemed unsuccessful [1] - During the suspension of large subscriptions, other fund operations will continue normally, and a future announcement will be made regarding the resumption of large subscriptions [1] New Sales Agents - Hua Bao Fund Management Company has added China Postal Savings Bank as a sales agent for certain funds effective November 14, 2025, following a sales agency agreement [4] - Investors can conduct account opening, subscription, and redemption through the "You Ni Tong Ying" platform of Postal Savings Bank [5] Additional Sales Agent - Hua Bao Fund Management Company has also added Great Wall Securities as a sales agent for certain funds effective November 14, 2025, following a sales agency agreement [8] - Investors can perform account opening, subscription, and redemption through Great Wall Securities [9]

Core Viewpoint - In order to better meet the financial needs of investors, Invesco Great Wall Fund Management Co., Ltd. has signed a sales agreement with China Postal Savings Bank to add it as a sales institution for certain funds starting from November 14, 2025 [1] Group 1: Fund Sales Information - The sales institution added is China Postal Savings Bank, with its registered and office address located at Financial Street, Xicheng District, Beijing [1] - Investors can inquire about details through the customer service of Invesco Great Wall Fund Management Co., Ltd. or China Postal Savings Bank [4][12] Group 2: Fund Subscription and Redemption - Subscription and redemption services are only applicable during normal subscription periods and specific open days and times for the funds [2][11] - A "regular investment plan" allows investors to set up automatic deductions for fund purchases, with specific rules and procedures to be followed as per the sales institution's regulations [2][11] Group 3: Fund Conversion and Fee Discounts - If the sales institution opens conversion services for the funds, investors must ensure that the funds being converted out are redeemable and those being converted in are available for subscription [2][11] - The sales institution may offer fee discounts for one-time subscriptions or regular investment plans, with specific rules determined by the institution [2][12] Group 4: Fund Investment Limitations - Starting from November 17, 2025, there will be a limit of 5 million yuan on the total amount of subscriptions and conversions for the fund per day per account [5] - If a conversion request exceeds this limit, the fund management has the right to partially or fully reject the application [5] Group 5: Market Risk and Trading Information - The Invesco Great Wall Nasdaq Technology Index ETF has experienced significant price premiums in the secondary market, prompting a warning to investors about potential risks [7] - The fund will be suspended from trading on November 14, 2025, until 10:30 AM to protect investor interests [7]

Group 1 - The fund "Wanjia Zhongzheng 800 Dividend Low Volatility Index Fund" will be publicly offered from November 3 to November 21, 2025 [1] - Starting from November 14, 2025, Huachuang Securities will act as an agent for the fund's subscription services [1] - Investors can also perform other transactions such as subscription, redemption, conversion, and regular investment through Huachuang Securities after the fund is established [1] Group 2 - The fund management company has updated the prospectus and product summary for several funds, which are available for investor review on their website and the China Securities Regulatory Commission's fund disclosure site [1] - The announcement includes details about the fund's commitment to manage assets with integrity and diligence, but it does not guarantee profits or minimum returns [2][4]

Core Viewpoint - Zhejiang Oriental announced the approval of two proposals by its tenth board of directors, focusing on the establishment of a new fund and a loan provision for operational needs [1] Group 1: Fund Establishment - The company approved the establishment of the "Oriental Zhe Pharmaceutical Zhongying Binjiang Medical Fund," with a fundraising target not exceeding 500 million yuan [1] - Oriental Chanin, as the fund manager, and its designated subsidiaries will contribute 121.2 million yuan, accounting for 24.04% of the total fund [1] - Zhe Pharmaceutical Group will contribute 29.8 million yuan, representing 5.96% of the fund [1] Group 2: Loan Provision - The company agreed to provide a loan limit of 1.3 billion yuan from its controlling shareholder to its subsidiary Guojin Financial Leasing for daily operations and debt replacement [1] - The loan has a validity period until July 20, 2026, with an annual interest rate not exceeding 3.15% [1] - The loan term will not exceed three years, and this proposal requires approval from the shareholders' meeting [1]

21世纪经济报道记者曹媛深圳报道 在我国推动更多国有资本投向实体经济、具备发展基础的战略性新兴产业背景下，央企创投基金陆续成立。 11月13日，21世纪经济报道记者注意到，今年以来，紫荆文化集团有限公司(紫荆文化)、中国资源循环集团有限公司(中资环)、中国稀土集团 有限公司(中国稀土)三家央企，均在深圳设立私募股权基金管理有限公司。 工商信息显示，上述三只央企创投基金暂未有对外投资动作。 21世纪经济报道记者了解到，未来还会有一些央企创投基金落地深圳。 具体来看，11月10日，中稀(深圳)私募股权基金管理有限公司成立，由中国稀土集团创新科技有限公司全资持股。注册资本3000万，经营范围 包括以自有资金从事投资活动、私募股权投资基金管理、创业投资基金管理服务等。 今年8月，香江智景(深圳))私募股权投资基金管理有限公司成立，由紫荆文化集团有限公司全资持股。注册资本12000万，经营范围包括私募股 权投资基金管理、创业投资基金管理服务等。 今年5月，中资环(深圳)私募股权基金管理有限公司成立，由中资环旗下的华润环保投资有限公司全资持股，注册资本10000万。 除落地深圳外，多只"央企创投基金"今年密集落地。如今年 ...

其次，月度就业增长从去年的十六点八万人骤降至截至八月前三个月的月均两点九万人，这一急剧下滑的原因解读引发分歧。如果源于企业用工需求疲软， 维持高利率可能引发衰退；若是移民减少导致劳动力供给萎缩，降息则可能导致需求过度刺激。 第三，关于当前利率是否仍具限制性，两部分观点也截然不同。一部分人认为，今年累计降息五十个基点后，利率已达或接近中性水平，进一步降息存在风 险。另一部分则坚信利率仍具限制性，美联储尚有空间支持劳动力市场而不会重燃通胀。 素有"新美联储通讯社"之称的著名记者Nick Timiraos近日发布报告指出，美联储内部正面临罕见的分歧，导致降息之路愈发扑朔迷离。这种程度的内部分歧 在鲍威尔近八年的任期内几乎未有先例，使得两个月前还看似可行的连续降息计划变得复杂难测。 目前美联储官员们在持续的通胀压力与疲软的劳动力市场哪个威胁更大的问题上产生严重分歧。这种分裂状态甚至可能无法通过即将恢复发布的官方经济数 据得以弥合。尽管利率市场投资者仍认为美联储下次会议降息的可能性略大于不降息，但政策路径的不确定性已显著增加。 根据Timiraos的分析，美联储内部主要在三个关键问题上存在明显分歧，这些分歧将共同决定未 ...

Core Insights - Feng Zili has resigned from the positions of fund manager for three funds managed by Shanghai Guotai Junan Securities Asset Management, including Guotai Haitong Jun De Cheng Mixed Fund, Guotai Haitong Jun De Xin 2-Year Holding Mixed Fund, and Guotai Haitong New Materials Mixed Fund [1][2] Fund Performance Summary - Guotai Haitong Jun De Cheng Mixed Fund, established on March 25, 2020, has a year-to-date return of 19.06% and a cumulative return of -18.23%, with a net asset value of 1.0714 yuan as of November 12, 2025 [1] - Guotai Haitong Jun De Xin 2-Year Holding Mixed Fund A/C, established on January 6, 2020, has a year-to-date return of 39.00% and 39.72%, with cumulative returns of 21.95% and 26.46%, and net asset values of 3.2898 yuan and 2.1640 yuan respectively as of November 12, 2025 [1] - Guotai Haitong New Materials Mixed Fund A/C, launched on September 19, 2023, has a year-to-date return of 35.85% and 35.37%, with cumulative returns of 24.21% and 23.15%, and net asset values of 1.2421 yuan and 1.2315 yuan respectively as of November 12, 2025 [1]

Core Viewpoint - CITIC Prudential Fund announced the departure of Liu Hongliang from the CITIC Prudential Zhi Rui Mixed Fund, highlighting changes in fund management and performance metrics [1][2]. Group 1: Fund Management Changes - Liu Hongliang has been dismissed as the fund manager of CITIC Prudential Zhi Rui Mixed Fund [2]. - Liu previously held positions at China International Capital Corporation and Haitong Securities, indicating a background in fixed income trading and asset management [1]. - The fund will continue to be managed by other fund managers Wang Rui and Zhu Huiling [2]. Group 2: Fund Performance - The CITIC Prudential Zhi Rui Mixed Fund was established on October 21, 2016 [1]. - As of November 12, 2025, the fund has achieved a year-to-date return of 8.98% for Class A and 8.88% for Class C [1]. - Since its inception, the fund has recorded a cumulative return of 76.96% for Class A and 75.32% for Class C, with net asset values of 1.7429 yuan and 1.7270 yuan respectively [1].

Meeting Overview - The meeting will be held via communication method to discuss the proposal for changing the management of the Shenwan Hongyuan Tian Tian Li Money Market Fund and transforming it into the Shenwan Lingshin Tian Tian Li Money Market Fund [1][3][28] - Voting will take place from November 17, 2025, to December 12, 2025, with specific submission methods for ballots [1][6][9] Voting Procedures - Shareholders can submit votes via mail or SMS, with detailed requirements for both individual and institutional investors [5][7][8] - The voting process will be supervised by designated personnel and will be validated by a notary [11][12] Proposal Details - The proposal includes changing the fund manager from Shenwan Hongyuan Securities Asset Management Co., Ltd. to Shenwan Lingshin Fund Management Co., Ltd. and renaming the fund [20][29] - The fund's category will change from a money market collective asset management plan to a money market fund, with an indefinite duration post-December 31, 2025 [30][31] Legal and Technical Feasibility - The proposal requires a two-thirds majority approval from participating shareholders to be valid, in accordance with relevant laws [32][34] - The management has established a working group to ensure the smooth execution of the meeting and has communicated with investors to facilitate participation [33] Risk Management - The management has outlined measures to mitigate risks associated with the potential failure to convene the meeting or obtain the necessary approvals [35][36]

Core Points - The company has signed a sales agency agreement with Guoyuan Securities, allowing the latter to open conversion services for the company's funds starting from November 14, 2025 [1][2]. Group 1 - Guoyuan Securities will enable the conversion of open-end funds managed by the company, which are registered with the same registration agency and have announced the opening of conversion services [2]. - Investors must conduct the conversion business at the same sales institution that sells both the fund being exited and the fund being entered [2]. - The conversion services will adhere to the company's fund registration and management rules, which may be revised in the future [2]. Group 2 - Investors can apply for fund conversion on open days, with the processing time aligned with the fund's subscription and redemption times, except when the conversion is suspended [2]. - The fund being exited must be in a redeemable state, while the fund being entered must be in a subscription state [2].