Group 1 - The core point of the news is that Shanghai Pudong Development Bank (SPDB) experienced a 5% drop in stock price, trading at 11.77 yuan per share, with a total market capitalization of 392.01 billion yuan as of October 29 [1] - SPDB was established on October 19, 1992, and listed on November 10, 1999, with a wide range of financial services including deposit acceptance, loan issuance, and foreign exchange services [1] - The trading volume for SPDB was 1.655 billion yuan, with a turnover rate of 0.42% [1] Group 2 - According to data, one fund under Dongfang Fund holds SPDB as a significant position, with 653,700 shares, accounting for 1.35% of the fund's net value, ranking as the eighth largest holding [2] - The fund, Dongfang CSI A500 Index Enhanced A (023544), reported a floating loss of approximately 405,300 yuan on the day of the news [2] - The fund has a total scale of 51.1525 million yuan and has achieved a return of 21.95% since its inception [2] Group 3 - The fund managers of Dongfang CSI A500 Index Enhanced A are Sheng Ze and Wang Huaixun, with Sheng having a tenure of 7 years and 80 days, and Wang having a tenure of 3 years and 167 days [3] - During their respective tenures, Sheng achieved a best fund return of 132.09% and a worst return of -20.29%, while Wang achieved a best return of 57.23% and a worst return of 4.16% [3]

Core Insights - The announcement of the appointment of Wang Huaixun as the new fund manager for the Dongfang Zhongzheng A500 Index Enhanced Fund (023544) effective September 16, 2025 [1] - As of September 15, 2025, the net value of the Dongfang Zhongzheng A500 Index Enhanced Fund was 1.1691, reflecting a decrease of 0.28% from the previous day [1] Fund Manager Background - Wang Huaixun holds a master's degree in finance from Renmin University of China and has previously worked as a researcher at China Life Insurance Company [1] - He joined Dongfang Fund Management Co., Ltd. in 2015 and has held various positions including product manager assistant and quantitative investment researcher [1] Fund Management Experience - Wang has managed several public funds, with notable performance metrics: - Dongfang Heavy Chemical Growth Flexible Allocation Mixed A: 56.29% return since May 17, 2022 [1] - Dongfang Quantitative Multi-Strategy Mixed A: 10.32% return since May 17, 2022 [1] - Dongfang Heavy Chemical Multi-Strategy Mixed C: 9.76% return since May 17, 2022 [1] - Dongfang Quantitative Growth Flexible Allocation Mixed C: 38.29% return since November 24, 2023 [1] Performance Review - The Dongfang Quantitative Growth Flexible Allocation Mixed A fund made a significant investment in Sanfeng Intelligent in Q4 2024, with an entry average price of 110.3, and exited in Q1 2025 at an average price of 194.48, yielding an estimated return of 76.32% [1]