Core Viewpoint - The announcement from China Economic Net indicates that Hou Hao has resigned from his position as the manager of the China Merchants Shanghai-Hong Kong Stock Connect ETF, effective February 9, 2026. This change is significant as it may impact the fund's management and performance moving forward [1]. Group 1: Fund Performance - The China Merchants Shanghai-Hong Kong Stock Connect ETF was established on August 3, 2020, and has achieved a year-to-date return of 3.54% as of February 9, 2026 [1]. - Since its inception, the fund has recorded a total return of 23.96%, with a cumulative net value of 1.2396 yuan [1]. Group 2: Management Changes - Hou Hao joined China Merchants Fund Management Co., Ltd. in July 2009 and has held various positions, including risk management and quantitative investment roles [1]. - The fund will continue to be co-managed by another fund manager, Liao Yudan, following Hou Hao's departure [2].

Group 1 - The fund manager Hou Hao will resign from the China Merchants Shanghai-Hong Kong Stock Connect ETF (513990) on February 10, 2026, due to other commitments [1][2] - Liao Yuzhou will continue to co-manage the fund following Hou Hao's departure [1][2]

Core Insights - The announcement from China Merchants Fund highlights the appointment of Liao Yuzhou as a new fund manager for several indices, indicating a strategic shift in management [1][2][3][4] Group 1: Fund Manager Changes - Liao Yuzhou has been appointed as the fund manager for the China Merchants CCTV Finance 50 Index, China Merchants CSI New Energy Vehicle Index, China Merchants CSI Hong Kong-Shanghai-Shenzhen 500 Medical and Health ETF, China Merchants CSI Vaccine and Biotechnology ETF, and China Merchants Shanghai-Hong Kong Stock Connect ETF [1][3][4] - The previous fund managers for these indices have been replaced, with notable departures including Hou Hao and Liu Zhongjie [3][4] Group 2: Fund Performance - The China Merchants CCTV Finance 50 Index A/C has a year-to-date return of 12.70% and a cumulative net value of 3.3612 yuan, with a total return since inception of 236.12% [1] - The China Merchants CSI New Energy Vehicle Index A/C has a year-to-date return of 53.40% but a total return since inception of -19.19%, with a cumulative net value of 0.8081 yuan [2] - The China Merchants CSI Hong Kong-Shanghai-Shenzhen 500 Medical and Health ETF has a year-to-date return of 33.25% and a total return since inception of -2.93%, with a cumulative net value of 0.9707 yuan [2] - The China Merchants CSI Vaccine and Biotechnology ETF has a year-to-date return of 22.22% and a total return since inception of -21.83%, with a cumulative net value of 0.7817 yuan [2] - The China Merchants Shanghai-Hong Kong Stock Connect ETF has a year-to-date return of 40.28% and a total return since inception of 26.91%, with a cumulative net value of 1.2691 yuan [2]

Core Insights - The announcement from China Merchants Fund highlights the appointment of Liao Yuzhou as a new fund manager for several indices, indicating a strategic shift in management for these funds [1][2][3][4] Fund Performance Summary - **China Merchants CCTV Finance 50 Index Fund**: - Year-to-date return: 12.70% (A), 12.31% (C) - Since inception return: 236.12% (A), 79.85% (C) - Cumulative net value: 3.3612 (A), 3.2498 (C) [1] - **China Merchants CSI New Energy Vehicle Index Fund**: - Year-to-date return: 53.40% (A), 52.89% (C) - Since inception return: -19.19% (A), -20.53% (C) - Cumulative net value: 0.8081 (A), 0.7947 (C) [2] - **China Merchants CSI Hong Kong-Shenzhen 500 Medical and Health ETF**: - Year-to-date return: 33.25% - Since inception return: -2.93% - Cumulative net value: 0.9707 [2] - **China Merchants Vaccine and Biotechnology ETF**: - Year-to-date return: 22.22% - Since inception return: -21.83% - Cumulative net value: 0.7817 [2] - **China Merchants Shanghai-Hong Kong Stock Connect ETF**: - Year-to-date return: 40.28% - Since inception return: 26.91% - Cumulative net value: 1.2691 [2] Management Changes - Liao Yuzhou has been appointed as the new fund manager for multiple funds, replacing previous managers such as Hou Hao and Liu Zhongjie [3][4] - The management change is part of a broader strategy to enhance fund performance and adapt to market conditions [1][3]