Core Points - The announcement from Xingyin Fund regarding the appointment of Weng Zichen as a new fund manager for the Xingyin Zhongzheng Kechuang Chuangye 50 ETF highlights the company's strategic move to enhance its management team [1] - The Xingyin Zhongzheng Kechuang Chuangye 50 ETF has achieved a return of 57.57% since its inception on February 28, 2025, with a cumulative net value of 1.5757 yuan as of September 25, 2025 [1] Fund Information - Fund Name: Xingyin Zhongzheng Kechuang Chuangye 50 Exchange-Traded Fund (ETF) [2] - Fund Code: 588660 [2] - Fund Manager: Xingyin Fund Management Co., Ltd. [2] - Appointment Basis: According to the "Publicly Raised Securities Investment Fund Information Disclosure Management Measures" and "Guidance on the Management of Investment Management Personnel by Fund Management Companies" [2] - Type of Manager Change: Appointment of a new fund manager [2] - New Fund Manager: Weng Zichen [2] - Co-Managing Fund Manager: Liu Fan [2]

Core Viewpoint - Huang Deliang has been appointed as the new chairman of Xingyin Fund, with the expectation that his extensive experience in the financial industry will enhance collaboration between the fund company and its shareholders, while the current general manager, Yi Yong, will no longer serve as acting chairman [1][3]. Company Overview - Xingyin Fund, formerly known as Huafu Fund Management Co., Ltd., was established in October 2013 with a registered capital of 143 million yuan [8]. - As of June 30, 2025, Xingyin Fund's public fund management scale reached 109.685 billion yuan, with a significant increase of nearly 10 billion yuan in non-monetary fund scale since the beginning of the year [8]. Leadership Background - Huang Deliang has nearly 30 years of experience in various financial sectors, including banking, trust, and securities, and currently serves as the chairman and president of Huafu Securities [6]. - His appointment reflects a common industry practice where experienced individuals from controlling shareholders take leadership roles in fund companies, indicating the shareholders' emphasis on asset management [6]. Fund Performance - Xingyin Fund has shown strong mid-to-long-term performance rankings, with its fixed income products ranking 13th out of 99 over the past five years and 10th out of 70 over the past seven years [8]. - The fund's equity products have also performed well, ranking 33rd out of 120 in the past year and over three years [8]. Product Development - Since 2025, Xingyin Fund has successfully launched several fund products, including the Xingyin Xinyu Feng six-month holding period bond fund, which raised over 2 billion yuan, and the Xingyin Zhongdai Preferred Investment Grade Credit Bond Index Fund, which raised nearly 6 billion yuan [9]. - The company aims to focus on "precise product breakthroughs" and "deep customer operations" to enhance its competitive edge and provide diverse financial solutions [9].

Core Viewpoint - The appointment of Huang Deliang as the new chairman of Xingyin Fund is expected to enhance collaboration between the fund company and its shareholders, leveraging his extensive experience in the financial industry [2][4][8]. Group 1: Leadership Change - Huang Deliang has been appointed as the chairman of Xingyin Fund, effective from August 30, 2025, while the current general manager, Yi Yong, will no longer serve as acting chairman [4][6]. - Huang Deliang has nearly 30 years of experience in various financial sectors, including banking, trust, and securities, which provides him with a strategic vision and innovative capabilities [8]. Group 2: Fund Performance and Growth - As of June 30, 2025, Xingyin Fund's public fund management scale reached 109.685 billion, with a nearly 10 billion increase in non-monetary fund scale since the beginning of the year [10]. - The fund's product structure is balanced, with 60 public products, where equity funds (stock and mixed) account for a significant portion, and bond funds make up over 40% [10]. - Xingyin Fund has achieved notable rankings in market performance, with its fixed income products ranking 13th out of 99 over the past five years and 10th out of 70 over the past seven years [10]. Group 3: Future Development Strategy - Xingyin Fund plans to focus on "precise product breakthroughs" and "deep customer operations" as core development strategies, aiming to enhance its fixed income and "fixed income plus" advantages [11]. - The company intends to innovate in product offerings, upgrade research and investment capabilities, optimize services, and leverage technology to create a differentiated development path [11].

Group 1 - The total trading volume of the CSI Innovation and Entrepreneurship 50 Index ETF reached 327 million yuan today, an increase of 72.84% compared to the previous trading day [1] - The E Fund CSI Innovation and Entrepreneurship 50 ETF (159781) had a trading volume of 84.41 million yuan, up 91.12% from the previous day [1] - The Southern CSI Innovation and Entrepreneurship 50 ETF (159780) saw a trading volume of 58.24 million yuan, with a significant increase of 125.26% [1] Group 2 - The average increase of related ETFs tracking the CSI Innovation and Entrepreneurship 50 Index was 1.64% at market close, with the top performers being the Fortune CSI Innovation and Entrepreneurship 50 ETF (588380) and the Guotai CSI Innovation and Entrepreneurship 50 ETF (588360), which rose by 1.84% and 1.74% respectively [2] - The trading volume of the GF CSI Innovation and Entrepreneurship 50 Enhanced Strategy ETF (588320) surged by 579.18%, indicating strong investor interest [2] - The trading volume of the Pengyang CSI Innovation and Entrepreneurship 50 ETF (588350) increased by 237.47%, reflecting a notable rise in market activity [2]

Group 1 - The total trading volume of the CSI Innovation and Entrepreneurship 50 Index ETF reached 245 million yuan today, an increase of 62.98 million yuan compared to the previous trading day, representing a growth rate of 34.63% [1] - The E Fund CSI Innovation and Entrepreneurship 50 ETF (159781) had a trading volume of 65.70 million yuan today, an increase of 17.63 million yuan from the previous day, with a growth rate of 36.69% [1] - The Hua Bao Double Innovation Leader ETF (588330) recorded a trading volume of 24.73 million yuan, up 11.63 million yuan from the previous day, with a growth rate of 88.81% [1] Group 2 - The average decline of ETFs tracking the CSI Innovation and Entrepreneurship 50 Index was 0.70% at market close today, with the largest declines seen in the E Fund CSI Innovation and Entrepreneurship 50 ETF (159781) and the Huaxia CSI Innovation and Entrepreneurship 50 ETF (159783), which fell by 0.94% and 0.93% respectively [1] - The trading volume of the Xingyin CSI Innovation and Entrepreneurship 50 ETF (588660) increased by 144.87%, while the Double Innovation 50 ETF (159782) saw an increase of 97.25% compared to the previous trading day [1]