Group 1 - The announcement date for the fund manager change is August 23, 2025 [1] - The change has been duly reported to the China Securities Investment Fund Industry Association [1] - The announcement pertains to the CITIC Construction Investment Fund Management Co., Ltd. [1] Group 2 - New fund manager information is included in the announcement [1] - Information regarding the departing fund manager is also provided [1] - Additional matters requiring explanation are mentioned in the announcement [1]

Core Viewpoint - The announcement highlights the resignation of Ms. Zhu Ruimin as the chairman of Xinda Australia Fund, with Mr. Shang Jian appointed as the interim chairman, indicating a leadership transition within the company [1] Company Overview - Xinda Australia Fund has a management scale of 103.006 billion yuan as of the end of Q2 2025 [1] - Xinda Securities is the largest shareholder of Xinda Australia Fund, holding a 54% stake [1] Performance Metrics - As of August 20, 2025, 41 products under the company have achieved a nearly 30% return rate over the past year, with 6 products having doubled in value [1]

信达澳亚基金8月23日公告称，祝瑞敏于8月22日离任董事长一职，原因是工作安排；由商健代为履行董 事长职务。此前，信达澳亚基金的股东信达证券也在8月初公告称，因工作调整，祝瑞敏申请辞去公司 董事、总经理职务。公开资料显示，截至离任时，祝瑞敏已任信达澳亚基金董事长超5年，商健也在信 达证券履职多年，曾任公司首席风险官、副总经理、董事会秘书等。 ...

专题：基金行业在行动 责任编辑：石秀珍 SF183 MACD金叉信号形成，这些股涨势不错！ ...

MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 专题：基金行业在行动 ...

Group 1 - The benchmark government bond ETF (511100) is experiencing a tight market with the latest price at 108.18 yuan as of August 22, 2025, and has seen a cumulative increase of 4.21% over the past year as of August 21, 2025 [1] - The ETF has recorded a daily average trading volume of 1.46 billion yuan over the past week, indicating strong liquidity [1] - The ETF has seen continuous net inflows for six days, with a maximum single-day net inflow of 571 million yuan, totaling 2.376 billion yuan, and an average daily net inflow of 396 million yuan [1] Group 2 - The total number of shares for the benchmark government bond ETF has reached 25.1005 million, with a total scale of 2.716 billion yuan, both hitting new highs in the past year [1] - Since its inception, the ETF has achieved a maximum monthly return of 2.67%, with the longest consecutive monthly gains lasting for 9 months and a maximum increase of 6.94% [1] - The historical annual profit percentage stands at 100.00%, with a monthly profit probability of 75.39% and a one-year holding profit probability also at 100.00% [1] Group 3 - The maximum drawdown over the past six months for the ETF is 1.79%, with a relative benchmark drawdown of 0.22%, and the recovery period after drawdown is 20 days [1] - The management fee for the benchmark government bond ETF is 0.15%, while the custody fee is 0.05% [2] - The ETF tracks the Shanghai Stock Exchange benchmark market-making government bond index, selecting bonds from various maturities, currently comprising 21 component bonds [2]

Core Viewpoint - The public fund industry is experiencing significant leadership changes, with over 200 executives changing roles in the first seven months of 2025, including more than 20 chairpersons [1][3] Group 1: Leadership Changes - Li Wen, a founding member of Huatai Fund, stepped down as chairman on July 14, 2025, with Lu Weiming, vice chairman of the parent company Dongfang Securities, taking over [1][3] - The leadership change at Huatai Fund is seen as an effort to revive its struggling equity business, especially as the company marks its 20th anniversary [3][9] Group 2: Company Performance - Under Li Wen's leadership from 2015 to 2025, Huatai Fund's assets grew from 196.72 billion to 9847.85 billion, a more than fourfold increase [6] - However, the fund's equity business has faced significant challenges, with mixed fund assets dropping from 366.29 billion at its peak in 2021 to 139.63 billion, a decrease of over 220 billion [10][11] - As of August 19, 2025, Huatai Fund's total assets were 989.46 billion, just shy of the 1 trillion mark [3][6] Group 3: Industry Context - The public fund industry is highly competitive, with the top firms significantly outperforming smaller ones; as of June 30, 2025, the total net asset value of public funds reached 34.39 trillion [9] - Huatai Fund's ETF assets remain below 1 trillion, contrasting sharply with leading firms like Huaxia Fund, which has ETF assets exceeding 7.5 trillion [9][10] Group 4: Strategic Challenges - The shift towards fixed-income products has been a strategy for maintaining scale, with bond fund assets increasing to 261.67 billion, but this has further weakened the equity business [11] - Despite launching 22 new funds in the first half of 2025, including 15 stock funds, the overall performance in equity remains lackluster, indicating that merely changing leadership is insufficient for recovery [11]

Group 1 - The current bond market shows limited differences in yields across various maturities, suggesting a focus on specific bonds with strong liquidity and unique characteristics [1] - The 10-year government bond spread is around -1 basis point, with a preference for main bonds, while the 30-year bond is experiencing a widening spread of 6 basis points [1] - New 10-year and 30-year government bonds are set to be issued, but the progress of switching bonds may be slow due to VAT implications [1] Group 2 - The Ping An Company Bond ETF (511030) has the best performance in terms of controlling drawdown during the recent bond market adjustment, with a net asset value that remains stable [2] - The table provided shows various ETFs, their sizes, recent performance, and drawdown metrics, highlighting the Ping An ETF's significant drawdown control of -0.5018% [2] - The data indicates that the Ping An ETF has a scale of 22.351 billion and a recent weekly return of 23.55% [2]

Group 1 - The CEF/ETF Income Laboratory manages portfolios targeting safe and reliable yields of approximately 8% for income investing [1][2] - The service focuses on high-yield opportunities in closed-end funds (CEFs) and exchange-traded funds (ETFs), catering to both active and passive investors [2][3] - Most holdings in the CEF/ETF Income Laboratory are monthly-payers, which facilitates faster compounding and steady income streams [2] Group 2 - The leader of the CEF/ETF Income Laboratory has a decade of experience in providing analysis and evidence-based investment strategies [3]

Core Viewpoint - The 14th "Shanghai Financial Professionals" selection has commenced, emphasizing the importance of a strong financial talent pool for building a financial powerhouse [1] Group 1: Event Overview - The selection features three awards: "Annual Person of the Shanghai International Financial Center Construction," "Leading Figures in Shanghai's Financial Industry," and "Innovative Figures in Shanghai's Financial Industry" [1] - Participants must be from licensed financial institutions and have worked full-time in Shanghai for at least two years [1] Group 2: Talent Development - The revised "Shanghai International Financial Center Construction Regulations" for 2024 includes a dedicated chapter on financial talent environment construction, focusing on market-oriented policies for talent cultivation, evaluation, and service [1] - The event encourages top talents who contribute to long-term capital cultivation and high-level financial openness to participate [1] Group 3: Participant Characteristics - The current selection has attracted nearly a hundred financial professionals, showcasing three distinct characteristics: - Broad coverage across traditional sectors like banking, securities, and insurance, as well as emerging fields like green finance and financial information [1] - International representation, including foreign financial professionals and those with extensive overseas experience, particularly in areas like the Belt and Road Initiative and cross-border financial infrastructure [1] - Strong innovation, with candidates actively involved in promoting long-term capital, technological finance, green finance, inclusive finance, pension finance, and digital finance [1] Group 4: Selection Process - The selection process combines self-nomination, committee nominations, media reviews, online voting, and expert evaluations [2] - The results will be announced in September 2025 [2]