Core Viewpoint - Ping An Fund Management Co., Ltd. has announced the effective contract of the Ping An Hong Kong Stock Connect Technology Selected Mixed Securities Investment Fund, with a total net subscription amount of approximately 1.74 billion yuan during the fundraising period [1]. Fundraising Details - The net subscription amount during the fundraising period was 1,737,408,351.78 yuan, with interest accrued during this period amounting to 614,147.19 yuan, resulting in a total of 1,738,022,498.97 shares [1][7]. - The fundraising period lasted from August 11, 2025, to August 29, 2025, with a total of 21,725 valid subscription accounts [7]. Fund Managers - Fund managers Lin Qingyuan and Yu Yao have extensive backgrounds in investment management, with Lin joining Ping An Fund in February 2023 and Yu Yao having been with the company since September 2015 [1]. - Both managers currently oversee six funds, but Yu Yao's management of several index funds has shown underperformance compared to peers, with declines greater than the average in the last three years [1]. Performance Overview - Lin Qingyuan's managed funds include the Ping An Hong Kong Stock Connect Technology Selected Mixed A and C, which have just started [3]. - Yu Yao's managed funds include the Ping An CSI 500 Index Enhanced A and C, which have recorded declines of -9.89% and -11.61% respectively over the past three years, significantly underperforming the average of their category [5].