Fund Overview - The fund is named "Zhaoshang Zhongzheng Shanghai Environmental Exchange Carbon Neutrality ETF" and was established on July 14, 2022 [2] - The fund aims to closely track the performance of the underlying index, with a target of keeping the average tracking deviation within 0.2% and annual tracking error within 2% [2][3] - The fund's total shares at the end of the reporting period were 335,719,131 [2] Financial Performance - The fund reported a realized loss of approximately 11.74 million RMB during the reporting period [3] - The net profit for the period was approximately 4.70 million RMB, resulting in a weighted average net value profit rate of 1.66% [3][9] - The fund's net asset value at the end of the reporting period was approximately 267.88 million RMB, with a net asset value per share of 0.7979 RMB [3][16] Investment Strategy - The fund employs a full replication strategy, investing directly in the components of the underlying index [2] - The fund's investment strategy includes various asset classes such as stocks, bonds, and derivatives, with a focus on maintaining a close alignment with the index [2][20] - The fund's performance benchmark is the return of the Zhongzheng Shanghai Environmental Exchange Carbon Neutrality Index [21] Market Environment - The report indicates that fiscal and monetary policies have been working together to stabilize growth, with active capital market performance supported by policy measures [8] - The market has shown structural opportunities, with certain sectors like non-ferrous metals and banking performing well, while others like coal and real estate lagged [8][10] Management and Compliance - The fund management company, Zhaoshang Fund Management Co., Ltd., has been operating in compliance with relevant laws and regulations, ensuring the protection of investors' interests [5][7] - The fund has established a comprehensive research and investment decision-making process to ensure fair investment opportunities across its portfolios [6][7]

Group 1 - The announcement regarding the change of fund manager for the "招商中证上海环交所碳中和交易型开放式指数证券投资基金" has been filed with the relevant authorities [1] - The company has participated in the offline subscription of "宏工科技" for its initial public offering, with the share price set at RMB 26.6 per share [2] - The main underwriters for "宏工科技" are also associated with the company's public funds [2] Group 2 - The "招商利安新兴亚洲精选交易型开放式指数证券投资基金" has experienced a significant premium in its secondary market trading price compared to its net asset value as of April 10, 2025 [5] - The fund management company warns investors about the risks associated with trading at a premium and may take measures such as applying for temporary trading suspension if the premium persists [5][8] - The fund management company assures that the fund is operating normally and will continue to comply with legal and regulatory requirements [9]

Group 1 - The core point of the news is that China Merchants Fund Management Co., Ltd. announced that several of its public funds participated in the offline subscription for the initial public offering (IPO) of Honggong Technology Co., Ltd. [1] - Honggong Technology's IPO price is set at RMB 26.6 per share, determined through discussions between the issuer and underwriters based on various factors including market conditions and valuation levels of peer companies [1] - The main underwriters for the IPO are Guangfa Securities Co., Ltd. and CITIC Securities Co., Ltd., which are also custodians or related parties of the funds managed by China Merchants Fund [1] Group 2 - Several public funds managed by China Merchants Fund received allocations of Honggong Technology shares, with specific allocations detailed as follows: - China Merchants CSI Shanghai Environmental Exchange Carbon Neutrality ETF received 1,429 shares valued at RMB 38,011.40 - China Merchants ChiNext Large Cap ETF received 1,273 shares valued at RMB 33,861.80 - China Merchants CSI 1000 Enhanced Strategy ETF received 1,429 shares valued at RMB 38,011.40 - China Merchants Livestock Breeding ETF received 1,429 shares valued at RMB 38,011.40 - China Merchants CSI 300 ETF received 1,429 shares valued at RMB 38,011.40 - China Merchants CSI 500 Equal Weight Enhanced ETF received 1,429 shares valued at RMB 38,011.40 - China Merchants Cloud Computing and Big Data Thematic ETF received 1,429 shares valued at RMB 38,011.40 [1]