Core Viewpoint - Huazhong Securities Asset Management has announced a change in the management of several public collective funds to Huafu Fund to protect the interests of shareholders and ensure the long-term development of the collective plans [2][3]. Group 1: Management Change - Huazhong Securities Asset Management will change the management of multiple public collective funds, including five bond-type and one flexible allocation product, to Huafu Fund [3][4]. - The products will also undergo name changes, such as the "Huazhong Securities He Ying Nine-Month Holding Period Bond-Type Collective Asset Management Plan" changing to "Huafu An Yi Nine-Month Holding Period Bond Fund" [3][4]. Group 2: Fund Performance and Structure - As of June 2025, Huafu Fund's public offering scale reached 943.19 billion, with nearly 600 billion in non-cash scale and over 500 billion in bond-type funds [5]. - The period from 2020 to 2023 marked rapid growth for Huafu Fund, with its public offering scale increasing from over 600 billion to nearly 1,125 billion [5]. - In 2024, Huafu Fund's total assets were 8.56 billion, with net assets of 6.86 billion, and it reported a revenue of 3.14 billion, a decrease of 12.84% year-on-year [5][7]. Group 3: Company Background - Huazhong Securities Asset Management, a wholly-owned subsidiary of Huazhong Securities, was approved for establishment on September 1, 2023, and officially commenced operations on July 22, 2024 [6]. - As of the end of 2024, Huazhong Asset Management reported total assets of 164.69 million and net assets of 73.68 million, achieving a revenue of 24.86 million and a net profit of 9.75 million in its first operational year [7].

Core Viewpoint - Huaan Securities Asset Management has announced a change in the management of several public collective investment products to Huafu Fund, aiming to protect the interests of shareholders and ensure the long-term development of the collective plans [2][4]. Group 1: Management Change Details - On August 9, Huaan Securities Asset Management announced the registration change of multiple public collective investment products, including 5 bond-type and 1 flexible allocation-type products [4]. - The management of these products will transition from Huaan Securities Asset Management to Huafu Fund, with corresponding changes in product names [4][5]. - The collective plans are set to expire on November 30, 2025, as per the asset management contract and relevant regulations [4]. Group 2: Product Name Changes - Specific product name changes include: - Huaan Securities He Win Nine-Month Holding Period Bond Collective Asset Management Plan to Huafu An Yi Nine-Month Holding Period Bond Fund - Huaan Securities He Win Six-Month Holding Period Bond Collective Asset Management Plan to Huafu Fu Ze Six-Month Holding Period Bond Fund - Huaan Securities He Win Three-Month Holding Period Bond Collective Asset Management Plan to Huafu An Kang Three-Month Holding Period Bond Fund - Huaan Securities He Win Add Profit Bond Collective Asset Management Plan to Huafu An He Bond Fund [4]. Group 3: Fund Performance and Management - Huafu Fund, established in April 2004, is a subsidiary of Huaan Securities, holding 49% equity. As of June 2025, Huafu Fund's public offering scale reached 94.319 billion, with nearly 60 billion in non-monetary funds and over 50 billion in bond funds [9]. - The fund experienced rapid growth from 2020 to 2023, with its public offering scale increasing from over 60 billion to nearly 112.5 billion, but has since fluctuated between 80 billion and 90 billion [9]. - As of the end of 2024, Huafu Fund reported total assets of 856 million and net assets of 686 million, with a revenue of 314 million, down 12.84% year-on-year, and a net profit of 31.34 million, down 20.63% year-on-year [9]. Group 4: Leadership Changes - In April 2024, Huafu Fund underwent a leadership change with the appointment of Yu Haichun as the new chairman, marking his second tenure at the fund [10]. - Huaan Asset Management, a wholly-owned subsidiary of Huaan Securities, was established on September 1, 2023, and began operations on July 22, 2024, reporting total assets of 164.689 million and net assets of 73.676 million by the end of 2024 [10].