Core Insights - The report provides an overview of the Dachen Hengfengbao Money Market Fund's performance and management strategies during the second quarter of 2025, emphasizing the fund's focus on maintaining capital safety and liquidity while pursuing higher current returns [2][3]. Fund Overview - Fund Name: Dachen Hengfengbao Money Market Fund - Fund Manager: Dachen Fund Management Co., Ltd. - Fund Custodian: Hengfeng Bank Co., Ltd. - Total Fund Shares at Period End: 25,611,404,759.86 shares [2][3]. - Investment Objective: To pursue higher current returns while ensuring capital safety and liquidity [2]. Performance Metrics - The fund's net value yield for the past three months was 0.3491%, with a benchmark yield of 0.0873% [13]. - For the past six months, the net value yield was 0.7359%, compared to the benchmark yield of 0.1736% [7]. - Over the past year, the net value yield reached 1.5527%, while the benchmark yield was 0.3495% [7]. - The fund's performance over the past three years was 5.1663%, with a benchmark yield of 1.0500% [7]. - The five-year performance was 7.7833%, against a benchmark yield of 1.7495% [7]. Investment Strategy - The fund employs a strategy that includes comprehensive analysis of macroeconomic factors, market liquidity, and interest rate trends to optimize the mix of deposits, repos, and bond varieties [2]. - The fund dynamically adjusts its portfolio duration based on forecasts of short-term interest rate movements while ensuring liquidity [2][3]. Financial Indicators - The fund's assets primarily consist of interbank certificates of deposit, agreement deposits, reverse repos, and interest rate bonds, ensuring high safety and liquidity [13]. - The average remaining duration of the investment portfolio was 81 days during the reporting period [15]. Management Report - The fund manager adheres to principles of honesty and diligence in managing the fund's assets, aiming to maximize benefits for fund shareholders while complying with relevant laws and regulations [12][13]. - The management has implemented fair trading principles and monitoring systems to ensure compliance and prevent abnormal trading behaviors [12]. Additional Information - The report indicates that the fund's investment strategy and performance metrics align with its stated objectives, providing a transparent overview for investors [2][3].

Group 1 - The company plans to sell a non-performing asset package through public transfer, consisting of 13 accounts with a total principal balance of approximately 295,092.54 million yuan, primarily located in Ningbo and Shanghai [1] - Interested parties must meet the qualifications for acquiring the corresponding debts and will undergo a qualification review by the company [2] - The auction date is set for June 13, 2025, at 3 PM, with the asset package to be sold through a competitive public bidding process [2] Group 2 - The announcement does not constitute an offer to sell the asset package, and interested parties can submit bids based on the conditions outlined in the relevant transaction documents [3] - The address for submitting registration documents is located in Ningbo, Zhejiang Province [4] - Contact persons for inquiries are Manager Luo and Manager Wang, with provided phone numbers for further assistance [4]

Core Viewpoint - The company has decided to adjust the subscription limits for institutional investors in its money market funds to protect the interests of fund shareholders, effective from May 13, 2025 [1][2][6]. Group 1: Fund Adjustments - For the Dachen Hengfengbao Money Market Fund, the subscription limit for A and C class shares will be reduced from 5 million RMB to 100,000 RMB per day per account [1][2]. - For the Dachen Fengcaibao Money Market Fund, the subscription limit for A and E class shares will also be reduced from 5 million RMB to 100,000 RMB per day per account [6][7]. - The subscription limit for B class shares in both funds will be reduced from 2 million RMB to 100,000 RMB per day per account [2][7]. Group 2: Implementation Details - The adjustments apply only to the daily subscription and conversion amounts and do not aggregate across different fund shares [3][4]. - The specific date for resuming normal large subscription and conversion operations will be announced later [4][6]. - Investors can consult details through the company's website or customer service hotline [5][8].