Group 1 - The core point of the news is the announcement of the effective contract for the Jiashi Growth Sharing Mixed Securities Investment Fund, which raised a total of 3,366,996,863.45 yuan during the subscription period [1] - The fund manager, Meng Xia, has been with Jiashi Fund Management Company since July 2014 and has been the fund manager since July 22, 2020 [1] - The total number of valid subscriptions during the fundraising period was 8,973 [2] Group 2 - The net subscription amount during the fundraising period was 1,890,907,256.42 yuan for Class A and 1,476,089,607.03 yuan for Class C, totaling 3,366,996,863.45 yuan [2][4] - The interest generated during the fundraising period amounted to 617,195.49 yuan, with 356,019.88 yuan from Class A and 261,175.61 yuan from Class C [2][4] - The total number of shares raised was 3,367,614,058.94 shares [1][4]

Group 1 - The fund "Jia Shi Growth Sharing Mixed Securities Investment Fund" has been registered for fundraising by the China Securities Regulatory Commission on October 10, 2025 [1] - The fund is a contractual open-end mixed securities investment fund [2] - The fund is managed by Jia Shi Fund Management Co., Ltd., with China Bank as the custodian [3] Group 2 - The fundraising period for the fund is from October 20, 2025, to November 7, 2025 [4] - The minimum subscription amount is set at RMB 1 for initial and additional subscriptions through non-direct sales institutions, while it is RMB 20,000 for direct sales [5][41] - Investors can subscribe multiple times during the fundraising period, but if a single investor's total subscription exceeds 50% of the total fund shares, the management may restrict further subscriptions [5][28] Group 3 - The fund aims to select high-quality long-term growth stocks through in-depth fundamental research, striving to achieve returns that exceed the performance benchmark while strictly controlling risks [17] - The maximum fundraising target for the fund is RMB 5 billion [18] - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [19] Group 4 - The fund's initial share value is set at RMB 1.00 for both A and C class shares [17] - The fund will generate interest on subscription funds during the fundraising period, which will be converted into fund shares for investors [50] - The fund's contract will become effective after meeting the legal requirements and passing the verification process [52]

Group 1 - The core viewpoint of the article is that the newly approved Jiashi Growth Sharing Mixed Securities Investment Fund represents a continuation of Jiashi Fund's innovative approach to floating fee rate funds, aiming to enhance investor experience through refined fee structures and risk-sharing mechanisms [1][2] - The new fund emphasizes a deep binding of management fees to fund performance, ensuring that the interests of investors are prioritized, thereby achieving a model of "shared returns and shared risks" [1] - The floating fee rate fund will adjust management fees based on the fund's performance relative to a benchmark, allowing for personalized service that reflects individual investor needs [1] Group 2 - Jiashi Fund is committed to exploring innovations in floating fee rates with a focus on the best interests of investors, leveraging its experience in equity investment and floating fee management to capture market opportunities [2] - The company aims to enhance its research and investment management capabilities, striving to provide long-term, stable, and sustainable returns for investors [2] - According to data from Galaxy Securities, Jiashi Fund's public products generated over 20 billion yuan in returns in the first half of the year, and as of October 15, the company had distributed dividends 149 times, totaling over 8.2 billion yuan [2]

Core Insights - The core viewpoint of the news is the approval of the Jiashi Growth Shared Mixed Securities Investment Fund, which is the second "new model fund" launched by Jiashi Fund, following the Jiashi Growth Win Fund. This new fund aims to enhance investor experience through refined fee structures and risk-benefit alignment mechanisms [1][2]. Group 1: Fund Characteristics - The new floating fee rate fund ties management fees to fund performance, prioritizing the interests of investors and achieving a "shared profit, shared risk" model. The management fee will be determined based on the fund's performance relative to a benchmark, allowing for personalized fee structures [1][2]. - This product enhances the alignment of interests between fund managers and investors, promoting a virtuous cycle of "increased returns - capital inflow - market stability" [1]. Group 2: Historical Context and Experience - Jiashi Fund has been actively exploring floating fee rate innovations since 2013, launching its first floating fee fund and subsequently applying this model across various product categories, including fixed income and equity [2]. - The Jiashi Growth Shared Mixed Fund is expected to leverage Jiashi's experience in equity investment and floating fee management to capture market opportunities, especially in the context of China's economic recovery and structural investment opportunities [2]. Group 3: Performance Metrics - Jiashi Fund's public products generated over 20 billion yuan in returns in the first half of the year, and as of October 15, 2023, the fund has distributed dividends 149 times, totaling over 8.2 billion yuan [3].