Core Viewpoint - The announcement of the appointment of Liu Xianzheng as a new fund manager for the Zhongyin Securities CSI 500 ETF Linked Fund (008258) indicates a strategic shift in management, with the fund showing a positive performance trend in recent periods [1]. Fund Performance - As of August 18, 2025, the net asset value of the Zhongyin Securities CSI 500 ETF Linked Fund was 1.3383, reflecting a daily increase of 1.5% and a yearly increase of 40.98% [1]. Manager Background - Liu Xianzheng holds a master's degree in Software Engineering from Peking University and has extensive experience in the financial sector, having worked in various roles at companies such as Zhongcheng Trust, Taiping Life Insurance, and Nord Fund Management [2]. - His previous fund management roles include significant positions at Nord Fund Management and Zhongyin Securities, with a track record of managing multiple public funds [2]. Fund Management History - Liu Xianzheng has managed several funds with varying performance outcomes, including: - Nord New Enjoy Flexible Allocation Mixed Fund, achieving a return of 119.28% during his tenure [2]. - Zhongyin Securities Growth Navigation Mixed Fund, which has seen a decline of -27.35% since his appointment [2]. - Notably, his management of the Nord New Enjoy Flexible Allocation Mixed Fund included a successful investment in Shanxi Fenjiu, yielding an estimated return of 198.48% [2].

Core Viewpoint - The announcement of Liu Xianzheng as the new fund manager for the Zhongyin Securities CSI A500 Index (023153) is expected to influence the fund's management strategy and performance moving forward [1]. Group 1: Fund Management Changes - Liu Xianzheng has been appointed as a new fund manager for the Zhongyin Securities CSI A500 Index, effective from August 19, 2025, alongside existing managers Ji Wei and Zhang Yimin [1]. - As of August 18, 2025, the net value of the Zhongyin Securities CSI A500 Index was 1.1182, reflecting a 1.01% increase from the previous day [1]. Group 2: Liu Xianzheng's Background - Liu Xianzheng holds a master's degree in Software Engineering from Peking University and has extensive experience in fund management, having worked in various roles at different financial institutions since 2014 [1]. - His previous positions include trust manager at Zhongcheng Trust, researcher at Taiping Life Insurance, senior researcher at Taiping Fund Management, and senior investment manager at Century Insurance Asset Management [1]. - Liu has been with Nord Fund Management since November 2017, serving as an assistant fund manager and has managed several funds, including the Nord Enhanced Income Bond Fund [1]. Group 3: Fund Performance History - Liu Xianzheng has managed several public funds with varying performance results, including: - Nord New Learning Flexible Allocation Mixed Fund, achieving a return of 119.28% during his tenure [2]. - Zhongyin Securities Antai Bond A and C, which experienced negative returns of -6.51% and -6.91%, respectively [2]. - Zhongyin Securities Domestic Demand Growth Mixed A and C, with returns of -34.32% and -34.66% during his management [2]. - The Nord New Enjoy Flexible Allocation Mixed Fund saw a significant estimated return of 198.48% from holding Shanxi Fenjiu stock, indicating strong stock selection capabilities [2].

Group 1 - The core point of the news is the appointment of Liu Xianzheng as a new fund manager for the Zhongyin Securities CSI 500 ETF, effective from August 19, 2025, alongside existing managers Ji Wei and Zhang Yimin [1] - As of August 18, 2025, the net value of the Zhongyin Securities CSI 500 ETF was 1.3851, reflecting a daily increase of 1.5% and a yearly increase of 43.67% [1] Group 2 - Liu Xianzheng holds a master's degree in Software Engineering from Peking University and has extensive experience in fund management, having worked in various financial institutions since 2014 [2] - His previous roles include positions at Zhongcheng Trust, Taiping Life Insurance, Taiping Fund Management, and Nord Fund Management, where he served as a fund manager assistant [2] - Liu has managed several public funds, with notable performance including a 119.28% return for the Nord New Enjoy Flexible Allocation Mixed Fund during his tenure [2]

Core Insights - The announcement on August 19, 2025, states that Liu Xianzheng has been appointed as a new fund manager for the Zhongyin Securities ChiNext ETF (159821), effective immediately [1] - As of August 18, 2025, the net asset value of the Zhongyin Securities ChiNext ETF was 0.9770, reflecting a daily increase of 2.8% and a yearly increase of 64.87% [1] Fund Manager Background - Liu Xianzheng holds a Master's degree in Software Engineering from Peking University and has extensive experience in the financial sector, having worked in various roles at companies such as Zhongxin Trust, Taiping Life Insurance, and Nord Fund Management [1] - His previous positions include serving as a fund manager assistant at Nord Fund Management and managing several funds at Zhongyin Securities, including the Zhongyin Securities Growth Navigation Mixed Fund [1] Fund Performance - Liu Xianzheng has managed several public funds with varying performance metrics, including: - Nord New Enjoy Flexible Allocation Mixed Fund, which achieved a return of 119.28% during his tenure [2] - Zhongyin Securities Antai Bond A and C, which reported returns of -6.51% and -6.91% respectively [2] - Zhongyin Securities Domestic Demand Growth Mixed A and C, with returns of -34.32% and -34.66% respectively [2] - Notably, the Nord New Enjoy Flexible Allocation Mixed Fund had a significant investment in Shanxi Fenjiu, yielding an estimated return of 198.48% from the time of purchase to sale [2]