Core Viewpoint - Hongtu Innovation Fund, established in June 2014, is the first public fund in China with a venture capital background, focusing on value growth and supporting emerging industries [4][5]. Company Overview - Hongtu Innovation Fund has a registered capital of 550 million and is fully controlled by Shenzhen Innovation Investment Group, which is backed by the Shenzhen State-owned Assets Supervision and Administration Commission [4][5]. - The fund has a total asset management scale exceeding 510 billion, with a public fund management scale of 259 billion as of the end of 2024 [7][5]. Business Strategy - The fund aims to discover and achieve great enterprises, focusing on early, small, and long-term investments in hard technology across four key areas [6][5]. - It has developed a diversified business structure that includes equity investment, fixed income investment, public REITs, and separate account investment [4][5]. Product Offerings - The fund offers a range of products catering to different risk preferences, including cash management, low volatility income, balanced funds, aggressive equity funds, and public REITs [9][5]. - Performance metrics indicate strong returns, with a one-year return of 72.34%, a three-year return of 48.86%, and a five-year return of 113.41% for equity funds [11][12][13]. Awards and Recognition - Hongtu Innovation Fund has received several accolades, including the Shenzhen Financial Innovation Award in 2022 and recognition as an excellent REIT intermediary by the Shenzhen Stock Exchange in 2023 [7][8]. Investment Team - The investment team has an average of over 10 years of experience in secondary market research, integrating industry insights with investment decision-making [19][5]. - The team employs a macroeconomic cycle-based strategy for asset allocation, focusing on high-quality, high-liquidity bonds and stable earnings equities [35][5].