Group 1 - The announcement date for the fund's operations is November 7, 2025 [1] - The fund allows daily subscription, redemption, and conversion during normal trading hours of the Shanghai and Shenzhen Stock Exchanges, with potential adjustments based on regulations [1] - The minimum subscription amount through other sales institutions is 1 RMB, while the minimum for direct sales is 100,000 RMB for the first subscription [2][3] Group 2 - The fund has a front-end fee model for A-class shares, with fees used for marketing and other expenses [4] - Redemption can be made for all or part of the fund shares, with a minimum redemption of 1 share [5] - Redemption fees decrease with the holding period, with specific rates for A-class and C-class shares [6] Group 3 - Fund conversion is allowed only between funds managed by the same fund manager and requires a minimum of 1 share for conversion [8][9] - Conversion fees consist of redemption fees from the outgoing fund and any difference in subscription fees between the outgoing and incoming funds [7] - The fund manager reserves the right to adjust conversion procedures based on market conditions [9] Group 4 - Regular investment plans allow investors to set up automatic deductions for fund subscriptions, with a minimum deduction of 1 RMB [10] - The direct sales institutions include the company's direct sales counter and online platforms [11][12] - The fund's net asset value and performance will be disclosed on the following day after each trading day starting November 18, 2025 [16] Group 5 - The fund has adjusted the maximum subscription limit to 500 RMB for third-party sales institutions and 100,000 RMB for direct sales [20][21] - The company has added China Construction Bank as a new sales agent for its funds starting November 7, 2025 [23][24]

Group 1 - The announcement date is November 3, 2025 [1] - The fund distributes earnings daily, converting them into fund shares at a face value of 1 yuan on the last working day of each month [1] - Investors are advised to regularly check their account balances to avoid situations where low balances result in no earnings distribution [1] Group 2 - Huabao Fund Management Co., Ltd. has added Bank of Communications Co., Ltd. as a sales agency for certain funds starting from November 3, 2025 [3] - Investors can perform account opening, subscription, redemption, and other services through Bank of Communications [4] Group 3 - Huabao Fund Management Co., Ltd. has also added China Galaxy Securities Co., Ltd. as a sales agency for the Huabao Zhiyuan Mixed Securities Investment Fund (QDII) effective November 3, 2025 [6] - Investors can access services related to the Huabao Zhiyuan Mixed Securities Investment Fund (QDII) through China Galaxy Securities [7]

Core Viewpoint - Huabao Fund Management Co., Ltd. announced an adjustment to the maximum subscription limit for its Huabao Zhiyuan Mixed Securities Investment Fund (QDII), effective from October 27, 2025, to protect the interests of fund shareholders [1] Summary by Category Fund Adjustment Details - The maximum subscription amount for the fund will be set at 10,000 yuan [1] - Specific details regarding the sub-funds and their respective adjustments were provided, including the suspension of large subscriptions for certain classes [1] Sub-Fund Information - The announcement includes details for the following sub-funds: - Huayu Zhiyuan Mixed A (Code: 008253) - Subscription limit adjustments apply - Huayu Zhiyuan Mixed C (Code: 008254) - Subscription limit adjustments apply [1]

Core Viewpoint - Several public fund institutions have resumed normal subscription operations for QDII products and increased the upper limit for large subscriptions, supported by a total investment quota of $30.8 billion issued by the State Administration of Foreign Exchange [1][3]. Group 1: QDII Product Resumption - Multiple QDII products have resumed normal subscription operations, with significant adjustments to large subscription limits. For instance, Hua Bao's Nasdaq Select Stock Fund raised its limit from 5,000 yuan to 20,000 yuan, while other funds also saw similar increases [2]. - Hua An Fund and Huitianfu Fund have also announced the resumption of subscription services for their respective QDII products, indicating a broader trend among public funds to enhance investment accessibility [2]. Group 2: New Investment Quotas - The State Administration of Foreign Exchange has granted a total of $30.8 billion in new investment quotas to several qualified QDII institutions, with notable approvals for Hua An Fund, Southern Fund, and Huaxia Fund among others [3][4]. - As of the end of June, the total approved quota for securities institutions reached $942.90 billion, reflecting an increase of over $20 billion from the end of May [3]. Group 3: Market Implications - The increase in QDII quotas is expected to meet investors' demand for diversified overseas asset allocation, facilitating cross-border investments and enhancing the integration of domestic capital markets with international markets [4]. - The trend of overseas diversification is becoming increasingly popular among investors, especially during periods of domestic market volatility, as it provides alternative sources of returns [5]. Group 4: Investment Opportunities - The chief investment officer of Hua Bao Fund noted that the first half of 2025 experienced a global asset rebalancing, with non-US equity funds seeing net inflows, suggesting a favorable environment for risk assets [6]. - Investment opportunities in the Hong Kong market are highlighted, with expectations of continued attractiveness due to the internationalization of the renminbi and the influx of capital [6].