Announcement Information - The company has decided to suspend subscription, conversion into, and regular investment business for the Ping An Zhongzheng Interbank Certificate of Deposit AAA Index 7-Day Holding Period Securities Investment Fund from December 30, 2025, to January 4, 2026 [3][4] - Redemption and conversion out services will continue to operate as usual during the suspension period [1][5] - The fund will resume subscription, regular investment, and conversion into services starting January 5, 2026, without further announcement [1][5] Other Important Notes - Investors submitting applications for the aforementioned services after 15:00 on December 29, 2025, may have their applications refused [3][7] - The stock market will be closed from January 1 to January 4, 2026, and will reopen on January 5, 2026 [3][14] - Investors are advised to make trading arrangements in advance to avoid inconvenience and potential losses due to transactions crossing the New Year holiday [3][18] Fund Sales Channels - During the suspension period, subscriptions, regular investments, and conversions into the fund can still be processed through various sales channels, including Ping An's direct sales counter and online trading systems, as well as multiple banks and securities firms [2][6][16] - Investors who submit valid subscription applications on December 31, 2025, will have their applications confirmed on January 5, 2026, and will start enjoying the fund's returns from that date [2][17]

Core Viewpoint - Recently, Citic Bank announced an adjustment to the risk ratings of 158 asset management products, marking the largest single batch adjustment in the industry in the past two years, primarily affecting low, medium, and medium-high risk products [2][3][4]. Group 1: Adjustment Details - The adjustment involves a wide range of fund companies, with 55 companies affected, including Southern Fund and Bank of China Fund, with Southern Fund having the highest number of products at 14 [3]. - The types of funds adjusted include 17 categories, with passive index bond funds and flexible allocation funds making up over 52% of the total, specifically 46 and 37 products respectively [3]. - Most products saw their risk ratings increased by one level, with the "Galaxy Income" product's risk rating raised from PR1 to PR3, a two-level increase [3]. Group 2: Reasons for Adjustment - Citic Bank stated that the adjustments are in response to regulatory requirements to enhance investor suitability management and protect investor rights, adhering to principles of consistency in risk ratings and adjustments based on market dynamics [4][6]. - The bank also highlighted that if the adjusted risk rating exceeds a customer's risk tolerance, it could lead to failed deductions for investment plans, which could automatically terminate after three consecutive failures [5]. Group 3: Industry Context - Since 2024, several banks, including China Construction Bank and Minsheng Bank, have also adjusted the risk ratings of their fund products, indicating a trend towards stricter risk management in the industry [5][7]. - The recent adjustments reflect a broader regulatory push for enhanced investor suitability management, as outlined in the new guidelines issued by the National Financial Supervision Administration [7].