Core Viewpoint - The transition of several collective asset management products from CITIC Securities Asset Management to public funds managed by Huaxia Fund reflects a broader trend in the industry towards compliance with regulatory requirements and the transformation of large collective products into public offerings [10][11]. Group 1: Product Transition Details - Nine collective asset management products from CITIC Securities have officially transitioned to public funds managed by Huaxia Fund as of July 22, 2025 [3]. - The management fee rate for these products has decreased from 0.7% to 0.3% following the transition [2][6]. - The investment scope of the products has been expanded to include "credit derivatives," along with adjustments to valuation methods [5][6]. Group 2: Regulatory Background - The rectification of large collective products began in 2018, initiated by the China Securities Regulatory Commission (CSRC) with guidelines requiring these products to complete their transition to public offerings by December 31, 2020 [11]. - Firms without public fund licenses were encouraged to transfer management to affiliated fund companies to facilitate this transition [11][12]. Group 3: Ongoing Changes - Some collective products from CITIC Securities are still awaiting their transition to public funds, indicating that the process is ongoing within the industry [8]. - Other firms in the industry, such as CITIC Jiantou and Everbright Securities, have similarly transitioned their large collective products to their respective public fund subsidiaries [13].

Group 1 - The core announcement is about the convening of a meeting for the holders of the CITIC Securities Cash Additive Money Market Fund to discuss the change of the fund manager to Huaxia Fund Management Co., Ltd. and the registration change to Huaxia Cash Additive Money Market Fund [1][34][35] - The meeting will be held via communication methods, with voting starting from June 26, 2025, to July 25, 2025, at 17:00 [2][5][12] - The meeting aims to protect the interests of the fund holders and is in accordance with relevant laws and regulations, including the Securities Investment Fund Law and the Operational Management Measures for Publicly Raised Securities Investment Funds [2][28][36] Group 2 - The fund management company is CITIC Securities Asset Management Co., Ltd., and the custodian is China Securities Depository and Clearing Co., Ltd. [2][34] - The fund is set to expire on July 25, 2025, with a possibility of extension after necessary procedures [2][34] - The meeting will discuss the proposal to change the fund manager and the registration of the fund, which requires a two-thirds majority approval from the participating fund holders [22][36][46] Group 3 - The voting rights are granted to all fund holders registered as of June 24, 2025, and the voting process includes options for direct voting, SMS authorization, and online authorization for individual investors [5][12][18] - The voting results will be counted by authorized supervisors under the supervision of the custodian, and each fund share has one vote [18][19] - The resolution will take effect upon approval by at least two-thirds of the voting rights held by the participating fund holders [22][36][46] Group 4 - The proposed changes include renaming the fund from "CITIC Securities Cash Additive Money Market Fund" to "Huaxia Cash Additive Money Market Fund" and changing the fund manager from CITIC Securities Asset Management Co., Ltd. to Huaxia Fund Management Co., Ltd. [37][38] - The investment manager will also change, and the product type will shift from a money market fund to a money market fund with an indefinite duration [40][41] - The management company will communicate with fund holders to ensure a smooth transition and may suspend subscription and redemption services during the change process [29][44]

Group 1 - The core point of the article is the decision to hold a communication-based meeting for the holders of the CITIC Securities Cash Added Benefit Money Market Fund to discuss the change of the fund manager to Huaxia Fund Management Co., Ltd. and the registration change to Huaxia Cash Added Benefit Money Market Fund [30][31][35] - The fund management company is CITIC Securities Asset Management Co., Ltd., and the custodian is China Securities Depository and Clearing Co., Ltd. The fund is set to expire on July 25, 2025, with a possibility of extension [2][35] - The meeting will take place from June 26, 2025, to July 25, 2025, with a voting deadline at 5:00 PM on July 25, 2025 [2][6] Group 2 - The agenda for the meeting includes the proposal to change the fund manager and the registration to Huaxia Cash Added Benefit Money Market Fund [4][30] - The voting rights are granted to all holders registered by the equity registration date of June 24, 2025 [6] - The voting process allows for various methods including paper ballots, SMS, and online authorization for individual investors [10][13][14] Group 3 - The proposal requires a two-thirds majority approval from the participating fund holders for it to be valid [37][46] - The management company may suspend subscription and redemption services during the transition period after the meeting's resolution [32][45] - The changes will be effective upon the approval of the fund holders and will be announced within two days of the resolution [22][37]