Group 1 - Several pension target funds have announced restrictions on large subscriptions, including the Xingquan Antai Active Pension Five-Year Holding Mixed Fund (FOF) and the Fuguo Xinwang Stable Pension Target One-Year Holding Mixed Fund (FOF) [1][2][5] - The Xingquan Antai Active Pension Fund will limit single account daily subscriptions and conversions to a maximum of 100,000 yuan starting January 13, 2026 [2][3] - Other funds managed by Xingquan Global Fund, such as the Xingquan Preferred Progress Three-Month Holding Mixed Fund (FOF) and the Xingquan Active Allocation Mixed Fund (FOF-LOF), have also implemented similar 100,000 yuan limits [4] Group 2 - In contrast, several pension target funds from Huazhong Fund are being liquidated, including the Huazhong Pension Target 2035 Three-Year Holding Mixed Fund (FOF), which will terminate due to its net asset value falling below 200 million yuan [7][9] - The Huazhong Pension Target 2050 Five-Year Holding Mixed Fund (FOF) has also triggered termination conditions, with its net asset value below 200 million yuan as of January 10, 2026 [9][11] - The Huazhong Pension Target 2035 Fund was established on January 11, 2023, and had a scale of less than 65 million yuan by the end of the third quarter of 2025 [9]