Core Viewpoint - The transformation of collective asset management products into public funds is accelerating in China, with multiple institutions making the transition recently [2][8]. Group 1: Recent Transformations - Recently, Huaxia Fund announced the conversion of nine collective asset management plans from CITIC Securities Asset Management into public funds under Huaxia Fund [4]. - Other institutions such as Dongwu Securities, GF Asset Management, Guoyuan Securities, and Donghai Securities have also transitioned their collective asset management plans into public funds [2][4]. Group 2: Details of the Transition - The nine collective asset management plans that transitioned include four mixed funds and four bond funds with varying holding periods, along with one quantitative stock fund [6]. - The transition involves changes in various product details, including fund managers, management fees, investment scope, and duration [6]. Group 3: Industry Trends - As of the end of the second quarter of 2025, over 140 collective asset management products have undergone transformation, with a total asset scale of approximately 340 billion yuan [9]. - The industry views the end of this year as a critical deadline for collective asset management products, as failure to transition may lead to liquidation [10].

近日，中信证券资管旗下的9只券商大集合产品正式变更为华夏基金的公募产品。此外，7月11日，也有1只 中信证券资管的大集合产品正式变更为华夏基金的公募。 "当前，不少券商资管都在加速将大集合产品变更为正式公募产品，毕竟已经整改这么长时间了，继续再申请 延期监管不一定会批准了"，有业内人士向券商中国记者表示。据悉，大集合产品变更为公募之后，不少产品 的管理费年费率有所下降，有的从"0.7%"调整为了"0.3%"。 已变更为公募 7月22日，华夏基金发布了《关于中信证券资产管理有限公司旗下9只集合资产管理计划正式变更为华夏基金管 理有限公司旗下公募基金的公告》。宣告了这9只券商资管大集合产品正式变更为了华夏基金的公募产品。 公告称，中信证券资管已就旗下9只大集合产品变更管理人为华夏基金并变更注册为华夏基金旗下公募基金有 关事项的议案分别召开集合计划份额持有人大会，并已于2025年6 月24日表决通过了前述议案，持有人大会决 议自同日起生效。根据业务实际交接情况与安排，自该公告发布日起即 2025年7月22日，前述中信证券资管旗 下9只大集合产品的管理人正式变更为华夏基金，大集合产品正式变更为华夏基金旗下公募基金。 ...