Core Viewpoint - The article discusses low-risk investment options for investors with idle funds before the upcoming National Day and Mid-Autumn Festival holidays, specifically focusing on short-term financial products like bond ETFs and reverse repos [1][3][5]. Group 1: Investment Strategies for September 29 - On September 29, investors can utilize the Shenzhen overnight reverse repo (R-001) and purchase the National Development Bond ETF (159651) to earn dual returns [1]. - The specific operation involves executing a reverse repo on September 29, which matures on September 30, and using the funds to buy the bond ETF on the same day [1][3]. - This strategy allows investors to benefit from both the reverse repo and the bond ETF's coupon during the holiday period from October 1 to October 8 [1][3]. Group 2: Investment Strategies for September 30 - On September 30, the last trading day before the holiday, investors are advised to directly subscribe to or purchase the National Development Bond ETF (159651) or the corporate bond ETF (511030) for potentially higher returns [5][6]. - The bond ETF offers better returns compared to money market ETFs, with the added benefit of enjoying 8 days of coupon income during the holiday [5][6]. - The transaction costs for the bond ETF are lower than those for money market ETFs, making it a more attractive option for investors with idle funds [6]. Group 3: Target Investor Profiles - The recommended strategies are suitable for investors with idle funds who are not fully invested in stocks or mixed products before the holiday [6][8]. - Investors who can tolerate slight fluctuations may consider the corporate bond ETF (511030) for potentially higher returns compared to short-term bond ETFs [7]. - Existing holders of the corporate bond ETF can enhance their holiday returns by using the ETF as collateral for a reverse repo, allowing them to reinvest the funds into more of the same ETF [7][8].

Group 1 - The core viewpoint of the news is that the new regulations on public fund sales fees are expected to benefit bond ETFs and index funds, marking the completion of the public fund fee reform process [1][2] - The China Securities Regulatory Commission (CSRC) is soliciting opinions on the draft regulations, with a feedback deadline of October 5, 2023, indicating a significant regulatory shift [1] - The main controversy in the new regulations revolves around the redemption fees, which are designed to encourage long-term holding of funds [1] Group 2 - Under the new regulations, the Guokai Bond ETF (159651) is positioned as a short-duration cash management tool with a current duration of 1.75 years and a static yield of 1.65% [2] - The Guokai Bond ETF has benefited from the bond bull market in 2024, with an annual return of 3.28%, outperforming similar short-term bond ETFs by over 1.05% [2] - The Guokai Bond ETF closely tracks the China Bond - 0-3 Year Guokai Bank Bond Index, which includes policy bank bonds with a maturity of up to 3 years [2]