一、延长存续期限方案 本产品存续期限由"自本资产管理合同变更生效日起存续期至2025年7月31日"延长为"自本资产管理合同 变更生效日起存续期至2025年12月31日"。 为更好地服务中信证券六个月滚动持有债券型集合资产管理计划（以下简称"本产品"）投资者，在切实 保护现有份额持有人利益的前提下，中信证券资产管理有限公司（以下简称"本公司"）根据《中华人民 共和国证券投资基金法》、《公开募集证券投资基金运作管理办法》等相关法律法规的规定及《中信证 券六个月滚动持有债券型集合资产管理计划资产管理合同》（以下简称"资产管理合同"）的约定，经与 托管人中信银行股份有限公司（以下简称"托管人"）协商一致，决定对本产品延长存续期限至2025年12 月31日，并对本产品的资产管理合同和《中信证券六个月滚动持有债券型集合资产管理计划招募说明 书》（以下简称"招募说明书"）进行相应修改。现将相关事宜公告如下： 本资产管理合同变更生效日特指根据《证券公司大集合资产管理业务适用〈关于规范金融机构资产管理 业务的指导意见〉操作指引》变更后的《中信证券六个月滚动持有债券型集合资产管理计划资产管理合 同》生效日，即2019年8月22日 ...

这些不约而同的转型行为，指向的是大集合产品以公募基金为参照的改造计划。该计划始于2018年底，至今已 有7年时间。从过往情况来看，券商资管机构倾向于在不变更管理人情况下进行产品改造。但近年来由于公募 业务资格审批速度放缓，相关机构选择将资管产品管理人变更为同一股东旗下的公募基金管理人。业内人士表 示，从今年情况来看，大规模集合产品延期情况并没有出现，大集合资管计划整体改造进入尾声。 集合资管产品持续转型为公募基金 在集合资管计划改造浪潮下，资管产品陆续转型为公募基金。 华夏基金公告显示，从7月22日起中信证券资管旗下9只集合资产管理计划的管理人正式变更为华夏基金，集合 资产管理计划则变更为华夏基金旗下公募基金。此外，7月以来还有东吴证券、广发资管、国元证券等机构旗 下集合资管计划产品，分别转型为东吴基金、广发基金、长盛基金等公募旗下基金产品。 根据华夏基金7月22日公告，中信证券资管已就旗下9只集合资产管理计划变更管理人为华夏基金和变更注册为 华夏基金旗下公募基金有关事项的议案，分别召开集合计划份额持有人大会，并于今年6月24日表决通过了相 关议案。根据业务实际交接情况与安排，从7月22日起9只集合资产管理计 ...

近日，中信证券资管旗下的9只券商大集合产品正式变更为华夏基金的公募产品。此外，7月11日，也有1只 中信证券资管的大集合产品正式变更为华夏基金的公募。 "当前，不少券商资管都在加速将大集合产品变更为正式公募产品，毕竟已经整改这么长时间了，继续再申请 延期监管不一定会批准了"，有业内人士向券商中国记者表示。据悉，大集合产品变更为公募之后，不少产品 的管理费年费率有所下降，有的从"0.7%"调整为了"0.3%"。 已变更为公募 7月22日，华夏基金发布了《关于中信证券资产管理有限公司旗下9只集合资产管理计划正式变更为华夏基金管 理有限公司旗下公募基金的公告》。宣告了这9只券商资管大集合产品正式变更为了华夏基金的公募产品。 公告称，中信证券资管已就旗下9只大集合产品变更管理人为华夏基金并变更注册为华夏基金旗下公募基金有 关事项的议案分别召开集合计划份额持有人大会，并已于2025年6 月24日表决通过了前述议案，持有人大会决 议自同日起生效。根据业务实际交接情况与安排，自该公告发布日起即 2025年7月22日，前述中信证券资管旗 下9只大集合产品的管理人正式变更为华夏基金，大集合产品正式变更为华夏基金旗下公募基金。 ...

★ 宏观动态 ★ 央行：2025年二季度末住户消费贷款保持增长 中国人民银行统计，2025年二季度末，本外币住户贷款余额84.01万亿元，同比增长3%，上半年增加1.17万亿 元。其中，经营性贷款余额25.09万亿元，同比增长5.4%，上半年增加9238亿元。不含个人住房贷款的消费性 贷款余额21.18万亿元，同比增长6%，上半年增加1950亿元。 国家外汇局贾宁：调研显示全球30%的央行表示将增配人民币资产 国家外汇管理局国际收支司司长贾宁7月22日在国新办新闻发布会上表示，近年来国际金融市场波动加大，投 资者普遍认为，更需要在全球开展更加多样化分散化的资产配置，人民币币值稳定，人民币资产在全球范围内 具有比较独立的收益表现，已成为全球投资者分散风险的重要资产和增厚收益的重要配置标的。近期国际机构 对全球75家央行的调研结果显示，30%的央行表示将增配人民币资产。 中国足协将组建国家电子竞技足球队 7月22日，中国足协网站发布《关于征集国家电子竞技足球队合作赛区的通知》。其中提到，中国足球协会计 划组建中国国家电子竞技足球队，将参与国际足联及亚足联等组织举办的各类电竞足球赛事。 ★ 金融机构 ★ 央行：截至 ...

兴证证券资产管理有限公司旗下公募产品2025年第2季度报告提示性公告 本公司董事会及董事保证公募产品季度报告所载资料不存在虚假记载、误导性陈述或重大遗漏，并对其 内容的真实性、准确性和完整性承担个别及连带责任。 本公募基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈利，也 不保证最低收益。请充分了解基金的风险收益特征，审慎做出投资决定。 特此公告。 兴证证券资产管理有限公司 2025年7月21日 3．兴证资管金麒麟消费升级混合型证券投资基金 4．兴证资管金麒麟均衡优选一年持有期混合型集合资产管理计划 5．兴证资管金麒麟兴享优选一年持有期混合型集合资产管理计划 6．兴证资管金麒麟兴睿优选一年持有期混合型集合资产管理计划 7．兴证资管金麒麟恒睿致远一年持有期混合型集合资产管理计划 8．兴证资管金麒麟悦享添利30天滚动持有债券型集合资产管理计划 9．兴证资管金麒麟3个月持有期混合型基金中基金(FOF)集合资产管理计划 10．兴证资管金麒麟现金添利货币型集合资产管理计划 11．兴证资管金麒麟兴享增利六个月持有期债券型集合资产管理计划 兴证证券资产管理有限公司旗下： 1．兴证资管国企红利优 ...

随着整改的不断推进，券商大集合产品将正式淡出历史舞台。 证监会网站显示，7月16日，国信证券资管的一款产品申请变更为鹏华基金的产品。7月15日，国投证券资管的 一款产品申请变更为安信基金的产品。7月8日，信达证券资管的一款产品申请变更为信达澳亚基金的产品。 这是券商资管大集合产品在转为公募产品，而且这一进度正在加快。始于2018年底的券商大集合整改，至今已 经接近7年。由于整改过程存在一定难度，不少产品一再延期。目前，仍有产品原计划6月底到期，继续选择了 延期到今年下半年。在具体的整改过程中，还有的大集合产品选择清盘，有的选择转为私募产品等。 清盘 7月9日，信达证券资管大集合产品"信达价值精选一年持有期灵活配置混合型集合资产管理计划"发布了清算报 告。 据悉，该大集合产品于2025年6月30日到期。报告提到，"本集合计划到期后，按照中国证监会相关规定执行。 如本集合计划到期后，不符合法律法规或中国证监会的要求而须终止本集合计划的，无须召开集合计划份额持 有人大会。本集合计划于2025年6月30日存续期届满。存续期届满后，本集合计划将根据《资产管理合同》的 约定进入财产清算程序。" 转私募 6月底，国投证券发 ...

Group 1 - The announcement regarding the "Southwest Securities Double Happiness Incremental Cash Management Collective Asset Management Plan" was made on July 18, 2025, with the distribution of earnings occurring on July 17, 2025, and becoming available from July 18, 2025 [2] - The collective plan is a transformation from the "Southwest Securities Double Happiness Incremental Collective Asset Management Plan" [2] - The plan utilizes a method of estimating daily returns for valuation, which may differ from the actual returns on the distribution date due to the way bank deposits are valued [3] Group 2 - Investors who purchase shares of the collective plan on the same day will have their rights to distribution effective from the next working day, while those redeeming shares on the same day will not have distribution rights until the next working day [3] - The plan pays out earnings monthly, and if an investor's cumulative actual undistributed earnings are positive, cash earnings will be paid; if zero, no payment will be made; if negative, the corresponding shares will be reduced [3] - Investors can access information through the company's website and customer service hotline [3]

Core Viewpoint - Hanhigh Group Co., Ltd. is planning to conduct an initial public offering (IPO) of its shares and list on the main board in China, with strategic placement involving its senior management and core employees participating through a dedicated asset management plan [1][2][3]. Approval and Authorization - The board of directors and the shareholders' meeting of Hanhigh Group have approved the application for the IPO of RMB ordinary shares (A shares) [2][3]. - The Shenzhen Stock Exchange and the China Securities Regulatory Commission have reviewed and approved the IPO, confirming that Hanhigh Group meets the issuance and listing conditions [2][3]. Strategic Placement Details - The total number of shares to be publicly issued is 40.01 million, accounting for 10% of the total shares post-issuance, with no existing shareholders selling shares [2][3]. - The initial strategic placement amount is set at 4.001 million shares, which is 10% of the total issuance, with a maximum subscription amount of RMB 75 million [3][4]. Participants in Strategic Placement - The strategic placement will involve a dedicated asset management plan established by Hanhigh Group's senior management and core employees, named "Junxiang 1 Asset Management Plan" [3][5]. - The participants in the Junxiang 1 Asset Management Plan include senior management and core employees of Hanhigh Group, with the total investment amounting to RMB 75 million [5][11]. Compliance and Regulations - The selection criteria for strategic placement investors comply with relevant regulations, ensuring that the number of investors does not exceed 10 and that the placement does not exceed 20% of the total issuance [4][5]. - The lock-up period for shares acquired through the strategic placement is set at 12 months from the date of listing [4][14]. Legal and Regulatory Review - The legal counsel for the main underwriter has confirmed that the selection standards and qualifications for strategic placement investors are in accordance with applicable laws and regulations [15]. - The underwriter has also verified that there are no prohibitive conditions as outlined in the regulations regarding the strategic placement of shares [15].

Core Viewpoint - The legal opinion issued by Grandall Law Firm (Shanghai) confirms the compliance of Hanhigh Group Co., Ltd.'s strategic placement of shares during its initial public offering (IPO) with relevant regulations and standards [1][10][19] Group 1: Strategic Investor Overview - The strategic investors for Hanhigh Group's IPO include senior management and core employees participating through a special asset management plan named "Guotai Junan Junxiang Hanhigh Group No. 1 Strategic Placement Collective Asset Management Plan" [4][9] - The total number of shares allocated for this strategic placement is 4,001,000 shares, representing 10% of the total shares issued in the IPO, with a maximum subscription amount of 75 million yuan [13][14] Group 2: Compliance and Legal Framework - The legal opinion is based on the Securities Law, Management Measures, Registration Measures, Implementation Rules, and other relevant regulations, ensuring that the strategic investors meet the selection criteria and qualifications [2][10][16] - The asset management plan has been legally established and registered with the China Securities Investment Fund Industry Association, complying with the regulations set forth by the China Securities Regulatory Commission [10][17] Group 3: Investor Selection and Funding Sources - The selection criteria for strategic investors include strong financial capability and recognition of the issuer's long-term investment value, with all participating investors being senior management or core employees of Hanhigh Group [15][16] - The funds used for the investment in the strategic placement come from the personal assets of the participants, ensuring no improper benefits are transferred between the investors and the issuer [11][17] Group 4: Strategic Placement Agreement - A strategic placement agreement has been signed between the issuer and the selected investors, detailing subscription amounts, payment terms, and rights and obligations of both parties [18][19] - The agreement complies with the Civil Code of the People's Republic of China and other legal requirements, ensuring its legality and effectiveness [19]

Core Viewpoint - The West Securities Easy Storage Cash Management Collective Asset Management Plan will terminate on July 17, 2025, due to the expiration of its contract, and will enter the liquidation process on July 18, 2025 [1][2]. Group 1: Basic Information of the Collective Plan - The collective plan is named "West Securities Easy Storage Cash Management Collective Asset Management Plan" with the product code 970171 [1]. - The plan is a contractual open-ended type and was established on July 20, 2022 [1]. Group 2: Reasons for Termination of the Asset Management Contract - The termination is based on the stipulation that the plan's duration cannot exceed three years, leading to its expiration on July 17, 2025 [2]. Group 3: Liquidation of Collective Plan Assets - The last operational day of the plan is set for July 17, 2025, after which it will enter the liquidation process, ceasing the collection of management, custody, and sales service fees [3]. - A liquidation team will be formed, consisting of the manager, custodian, certified public accountants, lawyers, and personnel designated by the China Securities Regulatory Commission [3][4]. - The responsibilities of the liquidation team include safeguarding, clearing, valuing, liquidating, and distributing the assets of the collective plan [3][4]. Group 4: Liquidation Process - The liquidation process includes several steps: taking over the plan, confirming assets and liabilities, valuing and liquidating assets, preparing a liquidation report, and obtaining external audits and legal opinions [4]. - The liquidation period is set for six months, but may be extended if the liquidity of the securities held by the plan is restricted [4]. Group 5: Distribution of Remaining Assets - After deducting liquidation costs, taxes, and settling debts, the remaining assets will be distributed to plan holders based on their shareholding proportions [6]. Group 6: Announcement of Liquidation - Significant matters during the liquidation process will be announced promptly, and the liquidation report will be audited and filed with the China Securities Regulatory Commission [7]. - The liquidation report will be published within five working days after filing [7]. Group 7: Document Preservation - The liquidation records and related documents will be preserved by the custodian for a minimum period as required by law [8].