Core Insights - Liu Peng has resigned from his positions as fund manager for three funds managed by China International Capital Corporation (CICC) [1][2] Fund Performance Summary - **CICC Qiming Mixed Fund A/C**: - Established on May 27, 2020, and November 12, 2021 - Year-to-date return: 37.30% (A), 36.71% (C) - Since inception return: 75.24% (A), -3.50% (C) - Cumulative net value: 1.7437 yuan (A), 1.7059 yuan (C) [1] - **CICC Advanced Manufacturing Mixed Fund A/C**: - Established on June 22, 2011, and January 24, 2022 - Year-to-date return: 39.91% (A), 39.50% (C) - Since inception return: 823.86% (A), 1.64% (C) - Cumulative net value: 6.6417 yuan (A), 5.1163 yuan (C) [1] - **CICC Balanced Growth One-Year Mixed Fund A/C**: - Established on February 1, 2021 - Year-to-date return: 40.31% (A), 39.51% (C) - Since inception return: 21.83% (A), 17.40% (C) - Cumulative net value: 1.2169 yuan (A), 1.1745 yuan (C) [1]

Group 1 - The core point of the news is the appointment of Xu Jiacheng as a new fund manager for the Jiao Yin Balanced Growth One-Year Mixed Fund by Jiao Yin Schroder Fund Management Co., Ltd. [1] - Xu Jiacheng has a background as a pharmaceutical industry analyst at Anxin Securities and as a researcher at Taikang Asset Management before joining Jiao Yin Schroder in 2018 [1] - The Jiao Yin Balanced Growth One-Year Mixed Fund was established on February 1, 2021, and has reported a year-to-date return of 37.31% and 36.55% for its two share classes as of September 10, 2025 [1] Group 2 - The fund's cumulative return since inception is 19.22% and 14.91% for its respective share classes, with a cumulative net value of 1.1922 yuan and 1.1509 yuan [1] - The fund is managed under the guidelines of the "Guidance on the Management of Investment Management Personnel by Fund Management Companies" and the "Publicly Raised Securities Investment Fund Information Disclosure Management Measures" [2] - The other co-manager of the fund is Liu Peng, indicating a collaborative management approach [2]

Group 1 - Fund managers are actively seeking new investment opportunities through a combination of portfolio adjustments and research activities in the current market environment [1] - Notable changes in shareholder structures of several A-share listed companies indicate clear investment trends from well-known fund managers [3] - The latest data shows significant increases in holdings for certain funds, such as the Guangfa High-end Manufacturing Fund, which increased its stake substantially compared to the previous quarter [3] Group 2 - Institutional research activities are intensifying, with BoShi Fund leading with 945 research engagements, followed by HuaXia Fund with 867 [4] - Prominent fund managers are frequently participating in company research activities, focusing on key topics such as capital expenditure planning and technology iteration [4] - YiHeDa has gained the highest attention in research activities in June, with several well-known institutions participating in discussions on various topics including drug development and international cooperation [4]