东方红核心价值混合型证券投资基金（以下简称本基金，A类基金份额基金代码：024429，C类基金份 额基金代码：024430）自2025年5月27日起开始募集，原定募集截止日为2025年6月17日，根据《关于东 方红核心价值混合型证券投资基金提前结束募集的公告》于2025年6月4日提前结束募集。截至2025年6 月4日，募集期内有效认购申请金额（不含募集期间利息）已超过《东方红核心价值混合型证券投资基 金基金份额发售公告》（以下简称发售公告）中规定的募集总规模上限20亿元人民币。根据发售公告的 有关规定，本基金管理人上海东方证券资产管理有限公司（以下简称本公司）对本基金2025年6月4日的 有效认购申请采用"末日比例确认"的原则进行部分确认，本基金2025年6月4日认购申请部分确认比例为 94.026579%。计算方法如下： 2025年6月4日认购申请部分确认比例=（20亿-募集期内2025年6月4日前有效认购申请总金额）/2025年6 月4日有效认购申请金额 上海东方证券资产管理有限公司 2025年6月6日 当发生部分确认时，投资者认购费率按照认购申请最终确认金额所对应的费率计算，且2025年6月4日认 购申 ...

Core Viewpoint - Dongfanghong Asset Management has announced the early closure of its floating-rate fund, indicating a strategic shift in its fundraising approach [1] Fund Details - The Dongfanghong Core Value Mixed Securities Investment Fund (Class A code: 024429, Class C code: 024430) will no longer accept new subscription applications starting from June 5, 2025 [1] - The fund had a maximum fundraising target of 2 billion yuan, with the original fundraising deadline set for June 17, 2025 [1] - The appointed fund manager is Zhou Yun [1]

Group 1 - The core viewpoint of the articles highlights the trend of public fund companies in China investing their own funds into their equity funds, reflecting confidence in the long-term stability and health of the capital market [1][2] - Both Bosera Fund Management and Dongfanghong Asset Management announced plans to invest 10 million yuan each into their respective equity funds, signaling a commitment to aligning interests with investors [1] - The self-purchase behavior of public fund companies is seen as a significant measure to enhance investor confidence, with over 260 instances of self-purchases recorded this year, resulting in a net subscription amount of 1.885 billion yuan for equity funds [1] Group 2 - In the self-purchase of stock funds, index products dominate, accounting for approximately 80% of the total net subscription amount, with passive index and enhanced index funds attracting 725 million yuan and 91 million yuan respectively [2] - Among the 70 public institutions that self-purchased equity products this year, 50 had net subscription amounts exceeding 50 million yuan, with ICBC Credit Suisse Fund leading at 397 million yuan [2] - The recent regulatory framework introduced by the China Securities Regulatory Commission emphasizes the importance of self-purchases and long-term performance metrics, encouraging more fund companies to invest their own capital [2]

Group 1 - Guotai Haitong plans to increase capital by 1.5 billion yuan to Guotai Junan Futures for net capital supplementation, enhancing the capital strength and market competitiveness of the futures company [1] - This move is expected to trigger a wave of capital replenishment in the futures sector, improving the overall risk resistance capability of the industry [1] - The active capital operations of financial institutions reflect positively on market expectations and investor confidence [1] Group 2 - The total scale of public funds in China has surpassed 33 trillion yuan for the first time, indicating a recovery in market confidence [2] - Significant growth was observed in money market funds (over 660 billion yuan), stock funds (over 110 billion yuan), and bond funds (over 140 billion yuan) [2] - This trend is beneficial for the financial sector, suggesting increased capital inflow and enhanced market stability [2] Group 3 - The "national team" and several public funds have made substantial investments in ETFs, with a total of 600 million yuan subscribed to the China Securities Index Digital Economy ETF [3] - This indicates a positive outlook on the digital transformation of state-owned enterprises and is expected to stabilize market sentiment [3] - The self-purchase of funds by public institutions sends a positive signal to the market, potentially boosting investor confidence [3] Group 4 - The first 10 billion yuan exchange-traded company bond ETF has been launched, reflecting accelerated capital inflow into the credit bond market [4] - The market saw a net inflow of 28.2 billion yuan into 11 credit bond ETFs in May, indicating increased investor interest [4] - The growth of credit bond ETFs may lead to a diversion of funds from the stock market but overall enhances market liquidity [4]

Group 1: Fund News - Minsheng Jianyin Fund announced the appointment of Zhu Yongming as the new deputy general manager on May 26, with Ding Hui taking over as the board secretary [1] - Over 80 funds have issued premium risk warnings since May, primarily affecting ETFs investing in markets such as the US, Saudi Arabia, and Germany [1][2] - Several fund companies have terminated cooperation with Minsheng Fund Sales (Shanghai) Co., Ltd., including Dongwu, Yin Hua, and Hua Tai Bai Rui [1] - Dongfanghong Asset Management plans to invest 10 million yuan in its core value mixed securities investment fund [1] Group 2: Notable Fund Manager Insights - Baoying Fund Manager Yao Yi expressed a long-term positive outlook on the growth potential of the innovative drug sector, suggesting investors adopt a longer-term perspective on investment value [2] - Yao Yi noted that while innovative drug stocks have rebounded significantly this year, a technical adjustment may occur after 3 to 4 months of accumulation, but the fundamental trends of the industry remain unchanged [2] Group 3: ETF Market Review - The market experienced fluctuations, with the Shanghai Composite Index down 0.18%, the Shenzhen Component down 0.61%, and the ChiNext Index down 0.68%, with total trading volume at 998.9 billion yuan, a decrease of 11 billion yuan from the previous trading day [3] - The Hong Kong Stock Connect innovative drug ETFs showed strong performance, with the highest increase of 3.88% [3][4] Group 4: Upcoming Fund Focus - The upcoming fund "Postal Savings Bank CSI Interbank Certificate of Deposit AAA Index 7-Day Holding" is an index-type fixed income fund managed by Wu Zhixiao, with a performance benchmark linked to the CSI Interbank Certificate of Deposit AAA Index [6]

Group 1 - Oriental Red Asset Management announced the investment of 10 million yuan into its newly launched floating rate fund, demonstrating commitment to high-quality development in the public fund industry [1] - On the same day, 16 fund companies, including Huatai-PineBridge and GF Fund, officially launched the first batch of 16 new floating rate funds, all categorized as equity mixed products [1] - The Oriental Red Core Value Mixed Securities Investment Fund, managed by Zhou Yun, officially started its issuance today as part of the first batch of new floating rate funds [1] Group 2 - The newly issued floating rate funds predominantly target core broad-based indices such as CSI 300 and CSI 800, with A-share equity performance benchmarks accounting for 55% to 80% of the total, while Hong Kong stock allocation is limited to 5% to 20% [2] - This design reflects a clear trend towards a risk-return balanced investment model amid increasing market style rotation [2]

Core Insights - Dongfanghong Asset announced a plan to invest 10 million yuan of its own funds into the Dongfanghong Core Value Mixed Securities Investment Fund to promote high-quality development in the public fund industry [1] Group 1: Fund Subscription Statistics - As of May 27, 104 public fund institutions have conducted 2,164 subscriptions this year, with a total net subscription amount of 7.831 billion yuan [1] - Equity funds received 208 subscriptions, with a net subscription amount of 1.782 billion yuan, accounting for 22.76% of the total [1] - Money market funds emerged as the main type of self-purchase, with 1,799 subscriptions and a net subscription amount of 4.234 billion yuan, representing 54.07% [1] - Bond funds followed with 65 subscriptions and a net subscription amount of 1.216 billion yuan, accounting for 15.53% [1] - Stock and mixed funds had similar self-purchase scales, with stock funds receiving 134 subscriptions and a net subscription amount of 1.021 billion yuan (13.03%), while mixed funds had 133 subscriptions and a net subscription amount of 864 million yuan (11.03%) [1] Group 2: Detailed Fund Performance - Within stock funds, index products dominated, with passive index funds (0.725 billion yuan) and enhanced index funds (0.091 billion yuan) accounting for approximately 80% [2] - In the bond fund category, medium- to long-term pure bond products performed well, with a net subscription amount of 0.594 billion yuan, making up nearly half of that category [2] - Among the 104 public funds that implemented self-purchases, 34 funds had net subscription amounts exceeding 50 million yuan [2] - Specifically, 10 funds had net subscriptions between 5 million and 9.9 million yuan, 20 funds had net subscriptions between 1 million and 4.99 million yuan, and 4 funds had net subscriptions exceeding 5 million yuan [2] - Jingshun Great Wall Fund led with 145 self-purchases and a net subscription amount of 1.350 billion yuan, while China Europe Fund followed with 185 self-purchases and a net subscription amount of 1.229 billion yuan [2]

5月27日，上海东方证券资产管理有限公司公告，为践行公募基金行业高质量发展理念、进一步强化基 金管理人与投资者的利益绑定，公司将于近期运用自有资金1000万元投资旗下东方红核心价值混合型证 券投资基金。(人民财讯) ...

Fund Overview - The fund is named "Dongfanghong Core Value Mixed Securities Investment Fund" and is a mixed-type open-ended fund [15][16] - The fund's A-class and C-class share codes are 024429 and 024430 respectively [3][16] - The fund aims to achieve investment returns that exceed its performance benchmark while strictly controlling investment portfolio risks [18] Fund Raising Details - The fundraising period is from May 27, 2025, to June 17, 2025, with a maximum extension of three months [5][24] - The minimum total fundraising amount is 200 million shares (excluding interest) and the minimum fundraising amount is 200 million RMB [20][21] - The maximum fundraising limit is set at 2 billion RMB, and the fund manager has the right to end the fundraising early if this limit is reached [4][21] Subscription and Fees - The minimum subscription amount for A-class shares is 10 RMB when processed through the fund manager's direct sales center [11][28] - A-class shares incur subscription fees, while C-class shares do not charge subscription fees but have a service fee deducted from the fund's assets [3][31] - Investors can choose between A-class and C-class shares based on their fee preferences [3][30] Sales and Distribution - The fund will be sold through direct sales channels and authorized distribution institutions [22][23] - The fund manager may adjust the list of sales institutions based on legal requirements [6][54] - Investors must use the company's open fund account for subscriptions, and those without an account can open one through direct or distribution institutions [8][28] Fund Management and Custody - The fund manager is Shanghai Dongfang Securities Asset Management Co., Ltd., and the custodian is Shanghai Pudong Development Bank Co., Ltd. [4][52] - The fund's management fee structure includes fixed management fees and performance-based fees, which may vary based on the holding period and annualized return [8][9] Regulatory Compliance - The fund's registration has been approved by the China Securities Regulatory Commission (CSRC) [1] - The fund contract will take effect once the fundraising conditions are met, including a minimum of 200 million shares and 200 million RMB raised [50][51]

Core Viewpoint - The approval of 26 new floating-rate funds by the regulatory authority reflects a strong commitment to implementing public fund reform and aligning fund company income with investor returns [1] Group 1: Regulatory Approval - 26 new floating-rate funds have been registered and are expected to be available for investors soon through commercial banks and internet platforms [1] - The funds were collectively submitted for approval on May 16, received acceptance on May 19, and were quickly approved on May 23, indicating the regulatory body's efficiency [1] Group 2: Fund Companies and Products - The following fund companies have submitted new floating-rate fund products: - E Fund: E Fund Growth Progress Mixed Securities Investment Fund - Fuguo Fund: Fuguo Balanced Allocation Mixed Securities Investment Fund - Value Fund: Value Stable Mixed Securities Investment Fund - Zhongou Fund: Zhongou Large Cap Smart Selection Mixed Fund - Jingshun Longcheng Fund: Jingshun Longcheng Growth Companion Mixed Fund - Others include Jia Shi, Huitianfu, Huaxia, Yinhua, and many more with a total of 26 products listed [1]