Fund Manager: Zhongrong Fund Management Co., Ltd
Fund Custodian: Guangzhou Rural Commercial Bank Co., Ltd
Prospectus of Zhongrong Xinyouchuang Flexible Allocation Hybrid Securities Investment Fund
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Important tips
Raising application of Zhongrong Xinyouchuang Flexible Allocation Hybrid Securities Investment Fund (hereinafter referred to as "the Fund")
It was registered by the CSRC in ZJXK [2019] No. 2847 on December 13, 2019.
The Fund Manager guarantees that the contents of this Prospectus are true, accurate and complete. The Fund is managed by the Fund Manager
Raised in accordance with the Fund Law, the Fund Contract and other relevant laws and regulations, and registered with the CSRC.
The registration of the Fund raised by the CSRC does not indicate the investment value, market prospect and income of the Fund
It does not mean that there is no risk in investing in the Fund.
The Fund invests in the securities market. The net value of the Fund will fluctuate due to factors such as fluctuations in the securities market
The investors shall enjoy the fund income according to the fund shares they hold, and bear the corresponding investment risks at the same time. Investment is risky,
Before investing in the Fund, investors should carefully read the Fund Agreement, Fund Prospectus and other information disclosure documents,
Fully understand the product characteristics of the Fund, and bear all kinds of risks arising from the Fund's investment, including: political
Systematic risk caused by the impact of economic, social and other environmental factors on the price of securities, which is unique to individual securities
Non systematic risk: due to the liquidity risk caused by the continuous large redemption of funds by investors, the fund manager
Fund management risks arising from the implementation of fund management, specific risks of the Fund, etc. The Fund is a hybrid fund
The expected risk and return are higher than those of bond funds and money market funds, but lower than those of equity funds. throw
Before making investment decisions, investors should carefully read the prospectus of the Fund, the summary of the Fund's product information and the basic
Information disclosure documents, such as gold contracts, can independently judge the investment value of the fund, make investment decisions, and bear
Investment risk.
The Fund participates in the trading interconnection mechanism between the mainland and Hong Kong stock markets (hereinafter referred to as "Hong Kong Stock Connect Mechanism")
Relevant businesses of the Stock Connect in Hong Kong, the fund assets are invested in Hong Kong stocks, and the meeting is held under the Hong Kong Stock Connect mechanism due to the investment environment and investment
Unique risks brought by differences in subject matter, market system and trading rules, including large fluctuations in the stock price of the Hong Kong stock market
Risk (the Hong Kong stock market implements T+0 reverse trading, and there is no limit on the rise and fall of individual stocks, the Hong Kong stock price may
It shows more violent stock price fluctuation than A-share), exchange rate risk (exchange rate fluctuation may affect the investment income of the fund
Losses), possible risks caused by inconsistent trading days under the Hong Kong Stock Connect mechanism (if the market is opened in the Mainland and closed in Hong Kong
Under such circumstances, Hong Kong Stock Connect cannot be traded normally and Hong Kong stocks cannot be sold in time, which may bring some liquidity risk)
Etc. The Fund may choose to transfer some funds to
If the assets are invested in Hong Kong stocks or choose not to invest the fund assets in Hong Kong stocks, the fund assets are not necessarily invested in Hong Kong stocks.
The Fund may invest in liquid restricted assets, and the investment in liquid restricted assets may face liquidity in the securities market
The risk is mainly manifested in that the fund assets cannot be quickly converted into cash, or the realization cost is very high; Can't cope with possible
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The risk of large redemption by investors; Liquidity risk of individual bonds and stocks in securities investment.
The fund manager suggests that investors should choose their own fund products according to their own risk return preferences,
And it is held in the medium and long term.
The Fund Manager shall manage and use the Fund assets in accordance with the principles of due diligence, honesty, prudence and diligence,
However, it does not guarantee that the fund will be profitable, nor does it guarantee the minimum return. The past performance of the fund does not predict its future performance,
The performance of other funds managed by the Fund Manager does not constitute a guarantee for the performance of the Fund.
The fund manager reminds investors of the principle of "buyer's conceit" in fund investment, so that investors can make investment decisions
After that, the investors shall be responsible for the investment risks caused by the changes in the operation status of the fund and the net value of the fund.
The requirements for the preparation, disclosure and update of the fund product data outline agreed in this product prospectus are as follows:
The Disclosure Measures shall be implemented one year after the date of implementation.
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catalog
Part I Foreword four
Part II Definition five
Part III Fund Manager ten
Part IV Fund Custodian twenty
Part V Relevant Service Organizations twenty-three
Part VI Fund Raising twenty-five
Part VII Effectiveness of the Fund Contract twenty-nine
Part VIII Subscription and Redemption of Fund Units thirty
Part IX Investment of the Fund forty-one
Part X Assets of the Fund forty-nine
Part XI Valuation of Fund Assets fifty
Part XII Income and Distribution of the Fund fifty-six
Part XIII Fees and Taxes of the Fund fifty-eight
Part XIV Accounting and Audit of the Fund sixty-one
Part XV Information Disclosure of the Fund sixty-two
Part XVI Risk Disclosure sixty-nine
Part XVII Change and Termination of the Fund Contract and Liquidation of the Fund Assets seventy-five
Part XVIII Summary of the Fund Contract seventy-seven
Part XIX Summary of the Escrow Agreement ninety-two
Part XX Services for Fund Unitholders one hundred and twelve
Part XXI Storage and Reference Methods of Prospectus one hundred and fourteen
Part XXII Documents for future reference one hundred and fifteen
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Part I Preface
This Prospectus is prepared in accordance with the Securities Investment Fund Law of the People's Republic of China (hereinafter referred to as the "Fund Law")
Administrative Measures for the Operation of Publicly Offered Securities Investment Funds (hereinafter referred to as "Operation Measures"), Securities Investment Funds
Administrative Measures for Sales of Funds (hereinafter referred to as "Sales Measures"), Information Disclosure Management of Publicly Offered Securities Investment Funds
Administrative Measures (hereinafter referred to as "Information Disclosure Measures"), Liquidity Risk of Publicly Offering Open ended Securities Investment Funds
Insurance Management Regulations (hereinafter referred to as "Liquidity Risk Management Regulations") and other relevant laws and regulations,
And the Fund Contract of Zhongrong Xinyouchuang Flexible Allocation Hybrid Securities Investment Fund (hereinafter referred to as the "Fund Contract")
to write.
The Fund Manager promises that this Prospectus does not contain any false records, misleading statements or material
And bear legal responsibility for its authenticity, accuracy and integrity.
The Fund is applied for raising in accordance with the information specified in this Prospectus. This prospectus is prepared by
The gold manager explains. The Fund Manager has not entrusted or authorized any other person to provide information that is not included in this Prospectus
Or make any explanation or explanation to this prospectus.
This Prospectus is prepared in accordance with the Fund contract of the Fund and registered with the CSRC. The fund contract is
Legal documents that stipulate the rights and obligations between the parties to the fund contract. The investor obtains fund shares according to the fund contract
Amount, that is, become the fund share holder and the party to the fund contract, and the behavior of holding fund shares itself is shown in the table
It shall state its recognition and acceptance of the Fund Contract, and shall enjoy the following rights in accordance with the Fund Law, the Fund Contract and other relevant provisions
Rights and obligations. If investors want to know the rights and obligations of fund share holders, they should consult the fund contract in detail
Same as.
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Part II Interpretation
In this prospectus, unless the context otherwise requires, the following words or abbreviations have the following meanings:
1. Fund or the Fund: refers to the Zhongrong Xin Youchuang Flexible Allocation Hybrid Securities Investment Fund
2. Fund manager: refers to Zhongrong Fund Management Co., Ltd
3. Fund Custodian: Guangzhou Rural Commercial Bank Co., Ltd
4. Fund contract: refers to the Fund Contract of Zhongrong Xinyouchuang Flexible Allocation Hybrid Securities Investment Fund and
Any valid amendments and supplements to the Fund Agreement
5. Custody Agreement: refers to the "Zhongrong Xin Youchuang Flexibility" signed between the Fund Manager and the Fund Custodian for the Fund
Allocation of Hybrid Securities Investment Fund Custody Agreement and any effective amendments and supplements to the Custody Agreement
6. Prospectus or this Prospectus: refers to the "Zhongrong Xinyouchuang Flexible Allocation Hybrid Securities Investment Base"
Golden Prospectus and its updates
7. Announcement on the sale of fund shares: refers to the "Zhongrong Xin Youchuang Flexible Allocation Hybrid Securities Investment Fund Shares"
Announcement of Volume Sale
8. Laws and regulations: refer to the laws, administrative regulations, normative documents
Judicial interpretations, administrative rules and other decisions, resolutions and notices that are binding on the parties to the fund contract
9. Fund Law: refers to the Law of the Standing Committee of the Tenth National People's Congress on October 28, 2003
Adopted at the Fifth Meeting of the Standing Committee of the Eleventh National People's Congress on December 28, 2012
Revised at the 30th meeting, implemented since June 1, 2013, and approved by the 12th National Congress on April 24, 2015
The 14th Meeting of the Standing Committee of the National People's Congress
The Decision of the People's Republic of China on Amending Seven Laws including the Port Law of the People's Republic of China
Fund Law of the People's Republic of China and amendments made by the promulgating authority from time to time
10. Sales Measures: promulgated by the CSRC on March 15, 2013 and implemented on June 1 of the same year
Measures for the Administration of the Sale of Securities Investment Funds and amendments made by the promulgating authority from time to time
11. Information Disclosure Measures: promulgated by the CSRC on July 26, 2019, and September 1, the same year
The Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds implemented and the amendments made by the issuing authority from time to time
book
12. Operation Measures: promulgated by the CSRC on July 7, 2014 and implemented on August 8 of the same year
Administrative Measures for the Operation of Publicly Offered Securities Investment Funds and amendments made by the promulgating authority from time to time
13. Liquidity Risk Management Regulations: promulgated by the CSRC on August 31, 2017
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Provisions on Liquidity Risk Management of Publicly Offered Open ended Securities Investment Funds implemented on January 1 and the issuing authority
As amended from time to time
14. Hong Kong Stock Connect: The Hong Kong Stock Connect under the Shanghai Hong Kong Stock Connect and the Shenzhen Hong Kong Stock Connect are collectively referred to as the Hong Kong Stock Connect. Shanghai Hong Kong Stock Connect II
"Hong Kong Stock Connect" refers to the securities trading entrusted by mainland investors to mainland securities companies through the Shanghai Stock Exchange
The service company shall make a declaration to the Stock Exchange of Hong Kong, and buy and sell the stock listed on the Stock Exchange of Hong Kong within the specified scope
Shares. The Hong Kong Stock Connect under the Shenzhen Hong Kong Stock Connect refers to the Hong Kong Stock Connect entrusted by mainland investors to mainland securities companies via the Shenzhen Stock Exchange
The established securities trading service company shall report to the Stock Exchange of Hong Kong and buy and sell the Hong Kong Stock Exchange within the specified scope
Stock listed on the Stock Exchange
15. China Securities Regulatory Commission: China Securities Regulatory Commission
16. Banking regulatory authority: refers to the People's Bank of China and/or the Insurance Regulatory Commission of the Bank of China
meeting
17. Parties to the Fund Contract: refer to those who are bound by the Fund Contract and enjoy rights and assume obligations under the Fund Contract
Legal subjects of, including fund managers, fund custodians and fund share holders
18. Individual investor: refers to a natural person who can invest in securities investment funds according to relevant laws and regulations
19. Institutional investors: refer to those who can invest in securities investment funds according to law and who are in the territory of the People's Republic of China
Enterprise legal persons, institutional legal persons and social organizations registered and existing in accordance with the law or established and existing with the approval of relevant government departments
Or other organizations
20. Qualified Foreign Institutional Investor (QFII): refers to the qualified foreign institutional investor (QFII)
The Law of the People's Republic of China and relevant laws and regulations provide that China can invest in securities investment funds legally raised in China
Overseas institutional investors
21. RMB Qualified Foreign Institutional Investor (QFII): refers to the qualified foreign institutional investor (QDII)
The Pilot Measures for Securities Investment and relevant laws and regulations stipulate that the use of overseas RMB funds for domestic securities
Foreign legal person invested
22. Investors, investors: individual investors, institutional investors, qualified foreign institutional investors and individuals
Minyuan Qualified Foreign Institutional Investors and those permitted by laws and regulations or the CSRC to purchase securities investment funds
The collective name of other investors
23. Fund share holders: refer to investors who legally acquire fund shares in accordance with the fund contract and prospectus
24. Fund sales business: refers to the promotion of funds and the sale of fund shares by fund managers or sales agencies,
Handle the subscription, redemption, conversion, non trading transfer, custody transfer, fixed investment and other businesses of fund units
25. Sales agency: refers to Zhongrong Fund Management Co., Ltd. and conforms to the Sales Measures and the CSRC
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Other conditions specified, obtaining the qualification of fund sales business and signing a fund sales service agreement with the fund manager
Discuss the institution handling fund sales business
26. Registration business: refers to fund registration, custody, transfer, clearing and settlement business, including investment
Establishment and management of the investor's fund account, registration of fund shares, confirmation, clearing and settlement of fund sales business
Acting as an agent to distribute dividends, establish and keep the register of fund share holders and handle non trading transfer, etc
27. Registration agency: refers to the agency that handles registration business. The registration authority of the fund is Zhongrong Fund Management Co., Ltd
The company or the institution entrusted by Zhongrong Fund Management Co., Ltd. to handle the registration business
28. Fund account: it refers to the fund manager's account opened by the registration institution for investors, which records their holdings
Accounts of fund unit balance and its changes
29. Fund transaction account: refers to the account opened by the sales agency for the investor and recorded by the investor through the sales agency
Changes in fund units caused by handling subscription, subscription, redemption, conversion, custody transfer, fixed investment and other businesses
Accounts with current and balance
30. The effective date of the fund contract: means that the fund raising meets the conditions stipulated by laws and regulations and the fund contract,
The fund manager has completed the fund filing formalities with the CSRC and obtained the written confirmation of the CSRC
date
31. The termination date of the fund contract: refers to the fund assets after the causes for the termination of the fund contract specified in the fund contract occur
The date on which the liquidation results are reported to the CSRC for filing and announcement after the completion of liquidation
32. Fund raising period: refers to the period from the date of offering of fund units to the date of closing the offering, and the longest period is
More than 3 months
33. Duration: refers to the indefinite period between the effectiveness and termination of the fund contract
34. Working day: refers to the normal trading day of Shanghai Stock Exchange and Shenzhen Stock Exchange
35. T day: refers to the day when the sales agency accepts the investor's application for subscription, redemption or other business within the specified time
Open the day
36. T+n day: refers to the nth working day from T day (excluding T day)
37. Open day: refers to the working day for investors to handle the subscription, redemption or other business of fund units (if this
If the fund participates in the trading of Hong Kong Stock Connect and the working day is not a trading day of Hong Kong Stock Connect, the fund manager can
The circumstances determine whether the Fund will open subscription, redemption and conversion businesses, and the specific announcement issued in advance at that time shall prevail)
38. Opening Hours: refers to the time period when the fund accepts subscription, redemption or other transactions on the open day
39. Business Rules: refers to the Open ended Fund Business Rules of China Financial Fund Management Co., Ltd
The fund manager formulates and revises from time to time to standardize the registrar of open-ended securities investment funds managed by the fund manager
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The fund manager and investors shall abide by the business rules of
40. Subscription: during the fund raising period, investors apply in accordance with the fund contract and prospectus
Purchase of Fund Units
41. Subscription: after the Fund Contract comes into effect, investors apply in accordance with the provisions of the Fund Contract and the Prospectus
Purchase of Fund Units
42. Redemption: after the Fund Contract comes into effect, the Fund Unitholders shall comply with the provisions of the Fund Contract and the Prospectus
The act of converting fund units into cash as required by the conditions of
43. Sales service fee: it refers to the fund assets withdrawn for the market promotion, sales and
Fees for services of gold share holders
44. Type of fund units: refers to the fund units that are charged according to the subscription/subscription fees, redemption fees and sales service fees
Different, the fund units are divided into different categories. The codes of each fund unit category are different, and they are calculated and announced separately
Net value of fund units and cumulative net value of fund units
45. Class A Fund Units or Class A Units: refers to the collection of subscription/subscription fees and redemption when investors subscribe/subscribe
The fund units that collect redemption fees and no longer withdraw sales service fees from the fund assets of this category
46. Class C fund units or Class C units: refers to the withdrawal of sales service fees and redemption from the fund assets of this category
Fund units for which redemption fees are charged but subscription/subscription fees are not charged
47. Fund conversion: refers to the Fund Unitholders' compliance with the Fund Agreement and the then effective announcement rules of the Fund Manager
To apply for converting the fund units of a fund managed by the fund manager into fund management
Behavior of other fund units managed by
48. Custody transfer: refers to the change held by fund share holders between different sales agencies of the Fund
Operation of fund unit sales agency
49. Regular and quota investment plan: refers to the application made by the investor through the relevant sales agency and the agreement on each subscription
Date, amount of deduction and method of deduction shall be recorded by the sales agency in the bank account designated by the investor on the agreed deduction date of each period
An investment method to automatically complete deduction and accept fund purchase applications
50. Large redemption: refers to the net redemption application of the Fund on a single open day (total redemption application units plus
After deducting the total number of subscription application units and the transfer in application in fund conversion from the total number of transfer out application units in fund conversion
The balance after the total number of shares) exceeds 10% of the total fund shares on the previous open day
51. RMB: refers to RMB
52. Fund income: refers to dividend, dividend, bond interest, price difference of securities, bank
Savings on deposit interest, other legal income realized and costs and expenses arising from the use of fund assets
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53. Total value of fund assets: refers to all kinds of securities owned by the fund, principal and interest of bank deposits, and fund receivables
Total value of items and other assets
54. Net Asset Value of the Fund: the value of the total asset value of the Fund minus the liabilities of the Fund
55. Net value of fund units: refers to the net value of fund assets on the calculation date divided by the total number of fund units on the calculation date
56. Fund asset valuation: It refers to calculating and evaluating the value of fund assets and liabilities to determine the net value of fund assets
And the net value of fund units
57. Designated media: refer to the national newspapers and periodicals designated by the CSRC for information disclosure and the designated
Internet websites (including fund manager websites, fund custodian websites, CSRC fund electronic disclosure website)
Station) and other media
58. Liquidity restricted assets: refer to the assets that cannot be used
Assets to be realized at a reasonable price, including but not limited to reverse repos and banks with maturities of more than 10 trading days
Bank fixed deposits (including bank deposits that are conditionally withdrawn in advance as agreed in the agreement), suspended shares, new shares with restricted circulation
Shares, non-public shares, asset-backed securities, and bonds that cannot be transferred or traded due to the issuer's debt default
Coupons, etc
59. Swing pricing mechanism: when open-end funds are subject to large purchase and redemption, through adjusting fund shares
The net value method allocates the market shock cost of the fund's adjusted portfolio to the investors who actually subscribe and redeem,
So as to reduce the adverse impact on the interests of stock fund unit holders and ensure that the legitimate rights and interests of investors are not damaged
Harm and get fair treatment
60. Force majeure: refers to objective events that cannot be foreseen, avoided and overcome by the parties to the fund contract
61. Summary of fund product information: refers to the "Zhongrong Xin Youchuang Flexible Allocation Hybrid Securities Investment Fund"
Product Data Summary and its updates
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Part III Fund Manager
1、 Overview of the Fund Manager
Name: Zhongrong Fund Management Co., Ltd
Registered address: 3202, Zhongzhou Building, No. 3088, Jintian Road, Gangsha Community, Futian Street, Futian District, Shenzhen
3203B
Office address: 17th Floor, AVIC Capital Building, No. 2, Wangjing Dongyuan 4th District, Chaoyang District, Beijing
Legal representative: Wang Yao
Huang Zhen, General Manager
Date of establishment: May 31, 2013
Registered capital: 1.15 billion yuan
Equity structure Zhongrong International Trust Co., Ltd. accounts for 51% of the registered capital, and Shanghai Rongsheng Investment Co., Ltd
49% of registered capital
Continuous operation during the existence period
Tel: (010) 56517000
Fax (010) 56517001
Contact Xiao Jiaqi
2、 Key personnel
1. Basic information of directors, supervisors and senior managers of the Fund Manager
(1) Director of the Fund Manager
Ms. Wang Yao, Chairman of the Board of Directors, Master of Law. Served in the training center of China Securities Regulatory Commission, the Institutional Supervision Department
The Ministry of Personnel and Education and other departments. In May 2013, he joined Zhongrong Fund Management Co., Ltd. and served as the company's inspector general
General Manager, Chairman of the Board of Directors of the Company since February 2015.
Mr. Huang Yan, Vice Chairman, Master of Economics. He used to be the bond issuer of the Capital Planning Department of the Agricultural Development Bank of China
Head of Bank Division, Head of Bond Issuance Division of Treasury Department, Deputy General Manager of Treasury Department. November 2018 to January 2020
In June, he served as the Deputy General Manager of Shangyin Fund Management Co., Ltd. Since February 2020, he has served as the vice chairman and general manager of the company
Vice President.
Mr. Wang Qiang, Director, Doctor of Law. Previously worked in Dalian Wufeng Shipping Co., Ltd. and China Securities Regulatory Commission
Management Committee, the CPC Xigu District Committee of Lanzhou City, Gansu Province, and Beijing Ant Cloud Financial Information Service Co., Ltd.
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At present, he is the compliance director of Zhongrong International Trust Co., Ltd., the general counsel and the general manager of the innovation research and development department.
Mr. Huang Zhen, Director, Master of Finance. He used to be the investment manager of the investment headquarters of Liaoning Oriental Securities Co., Ltd
Senior investment manager, office director and general manager of asset management headquarters of Tian Securities Co., Ltd.
In May 2015, he joined Zhongrong Fund Management Co., Ltd. and served as director of strategic research department, director of research department
Director of the Exchange Department, Assistant General Manager, Managing Director, Vice President, Executive Vice President, etc., since August 2019
Till now, he has been the president of the company.
Mr. Jiang Guohua, Independent Director, Doctor of Accounting. Worked at Guanghua School of Management, Peking University
Vice President of the Graduate School of Peking University.
Mr. Li Ji, independent director, bachelor of law. He used to be the legal adviser of Xi'an Aircraft Industry Co., Ltd. and China management
Office Director of the Investment and Market Research Institute of the Academy of Sciences, Yinchuan Economic and Technological Development Zone Investment Holding Co., Ltd
President of the company. At present, he is the chairman of Zhongnong Science and Technology Innovation Investment Co., Ltd. and the director of Zhongnong Science and Technology Innovation Asset Management Co., Ltd
Long.
Mr. Dong Zhiyong, independent director, Doctor of Economics. He was once an associate professor and assistant dean of Renmin University of China,
He is now the Party Secretary and Dean of School of Economics, Peking University, and a professor of School of Economics.
(2) Fund Manager Supervisor
Ms. Zhuoyue, supervisor, graduated from the University of International Business and Economics with a master's degree in economics.
He once worked in PricewaterhouseCoopers Zhongtian Certified Public Accountants, and joined Zhongrong Fund Management Co., Ltd. in May 2017,
He currently works in the Legal Compliance Department.
(3) Senior management of the Fund Manager
Ms. Wang Yao, Chairman of the Board of Directors, Master of Law. Served in the training center of China Securities Regulatory Commission, the Institutional Supervision Department
The Ministry of Personnel and Education and other departments. In May 2013, he joined Zhongrong Fund Management Co., Ltd. and served as the company's chief inspector and general manager
Manager, has served as the chairman of the company since February 2015.
Mr. Huang Zhen, President, Master of Finance. He used to be the investment manager of the investment headquarters of Liaoning Oriental Securities Co., Ltd
Senior investment manager, office director and general manager of asset management headquarters of Tian Securities Co., Ltd.
In May 2015, he joined Zhongrong Fund Management Co., Ltd. and served as director of strategic research department, director of research department and transaction
Department Director, General Manager Assistant, Managing Director, Vice President, Executive Vice President, etc., since August 2019
Serve as the president of the company.
Mr. Huang Yan, Executive Vice President, Master of Economics. Once worked as the bond of the Fund Planning Department of the Agricultural Development Bank of China
Head of the Issuance Department, Head of the Bond Issuance Department of the Treasury Department, and Deputy General Manager of the Treasury Department. November 2018 to January 2020
Deputy General Manager of Shangyin Fund Management Co., Ltd. Vice Chairman and Executive Vice President of the Company since February 2020
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CEO.
Mr. Cao Jian, Inspector General, Master of Business Administration, Certified Tax Agent. Used to be Heilongjiang International Trust Investment
The financial director of the company's securities department, the financial director of Tianyuan Securities Company, and the financial director of Jianghai Securities Co., Ltd.
He joined Zhongrong Fund Management Co., Ltd. in May 2013 and served as CFO and Vice President of the company since 2019
He has been the chief inspector of the company since April 2004.
Mr. Yi Haibo, Vice President, Master of Business Management. He was once in the research and development of China Merchants Securities Co., Ltd
Research Fellow of Heart Financial Engineering, Quantitative Investment Manager of Financial Investment Department, and General Manager of Quantitative Investment Department. November 2016 plus
Joined Zhongrong Fund Management Co., Ltd. and has been the vice president of the company since November 2017.
Ms. Ma Rongrong, Vice President, MBA. Former Beijing Branch of Standard Chartered Bank (China) Co., Ltd
Senior Manager of the Bank's Wealth Management Department, Regional Director of the Wealth Management Department of Bank of East Asia (China) Co., Ltd. Beijing Branch
Deputy Manager and Manager of Financial Market Department of Asset Management Headquarters of Guodu Securities Co., Ltd., General Manager of Asset Management Headquarters
Assistant Manager, Deputy General Manager. Joined Zhongrong Fund Management Co., Ltd. in July 2018, once served as assistant to the president, etc
Since December 2019, he has served as the vice president of the company.
Mr. Li Feng, Chief Information Officer, Master of Engineering. Used to be the Information Technology Department of Xiangcai Securities Co., Ltd
Information Technology Manager, Information Technology Manager of Information Technology Department of Guosen Securities Co., Ltd. Joined in November 2013
Zhongrong Fund Management Co., Ltd., once served as the general manager, etc., and has been the chief information officer of the company since June 2019
Official.
2. Proposed Fund Manager of the Fund
Mr. Jiang Tao, Chinese, graduated from Shanghai Jiaotong University with a doctoral degree in industrial economics,
Have the fund practice qualification. From April 2010 to September 2011, he worked as a senior researcher in the Research Institute of Huaxi Securities Co., Ltd
Researcher; From October 2011 to December 2012, he was the investment manager of the quantitative investment department of Caitong Fund Management Co., Ltd.
He joined Zhongrong Fund Management Co., Ltd. in January 2013 and is now the fund manager of the Equity Investment Department. The current Fund
Zhongrongxin Start Flexible Allocation Hybrid Securities Investment Fund (since June 2019) (June 2015 to 2018
July 2009), Zhongrong Xin's idea of flexible allocation of hybrid securities investment funds (since June 2019), Zhongrong New Economics
Economic Flexible Allocation Hybrid Securities Investment Fund (November 2015 to March 2020), Zhongrongxin Flexible Allocation of Value
Hybrid Securities Investment Fund (March 2018 to March 2020), Zhongrong New Opportunity Flexible Allocation of Hybrid Securities
Investment Fund (June 2015 to May 2019), Zhongrongxin Return Flexible Allocation Hybrid Securities Investment Fund
(January 2017 to March 2018), Zhongrongxin Vision Flexible Allocation Hybrid Securities Investment Fund (October 2015
June to July 2018), Zhongrong New Industry Flexible Allocation Hybrid Securities Investment Fund (July 2017 to 2018
July)
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Fund manager.
3. Members of the Investment Decision making Committee
The members of the Investment Decision making Committee include:
chairman:
Mr. Huang Zhen, President of the Company.
Standing members:
Ms. Zhou Meiyun, Assistant President and General Manager of Risk Management Department of the Company;
Mr. Kou Wenhong, General Manager of Research Department and Fund Manager;
Ms. Zhang Kaiyang, Assistant to the General Manager of the Trading Department.
General members:
Mr. Yi Haibo, Vice President, General Manager of Quantitative Investment Department and Fund Manager of the Company;
Mr. Tian Gang, Assistant to the President, in charge of Equity Investment Department, Strategic Investment Department and Investment Manager of the Company;
Mr. Roger, Assistant to the President, General Manager of Fixed Income Investment Department and Investment Manager of the Company;
Mr. Sun Yachao, Assistant to the President of the Company, in charge of Index Investment Department;
Mr. Zhao Fei, General Manager and Fund Manager of Index Investment Department;
Ms. Yang Ping, General Manager of Credit Evaluation Department and Fund Manager;
Mr. Hatu, Assistant General Manager and Fund Manager of Strategic Investment Department.
4. None of the above personnel has close relatives.
3、 Responsibilities of the Fund Manager
1. Raise funds according to law, handle or entrust other institutions recognized by the CSRC to handle funds
Sale, subscription, redemption and registration of shares;
2. Handle the fund filing procedures;
3. To manage and use the fund assets in the principle of good faith, prudence and diligence from the effective date of the fund contract
Production;
4. Allocate sufficient personnel with professional qualifications to carry out fund investment analysis and decision-making
To manage and operate the fund assets in a business mode;
5. Establish and improve internal risk control, supervision and audit, financial management and personnel management systems to ensure that
The assets of the fund under management and the assets of the fund manager are independent of each other, and the different funds under management are managed separately,
Separate bookkeeping and securities investment;
6. Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund property shall not be used for its own
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And any third person seeking benefits shall not entrust any third person to operate the fund property;
7. Accept the supervision of the Fund Custodian according to law;
8. Take appropriate and reasonable measures to calculate the subscription, purchase, redemption and cancellation prices of fund units
Comply with the provisions of the fund contract and other legal documents, calculate and publish the net value of the fund in accordance with the relevant provisions, and determine the fund
The price of share subscription and redemption;
9. Conduct fund accounting and prepare fund financial accounting reports;
10. Prepare quarterly reports, interim reports and annual reports;
11. Perform information disclosure and reporting in strict accordance with the Fund Law, the Fund Contract and other relevant provisions
Service;
12. Keep the business secrets of the fund, and do not disclose the fund investment plan, investment intention, etc. In addition to the Fund Law
Unless otherwise specified in the fund contract and other relevant provisions, the fund information shall be kept confidential and shall not be disclosed to others
Leakage;
13. Determine the fund income distribution plan as agreed in the fund contract, and distribute the funds to fund share holders in a timely manner
Gold income;
14. Accept the application for subscription and redemption as required, and pay the redemption amount in time and in full;
15. Convene a general meeting of fund share holders or allocate funds in accordance with the Fund Law, the Fund Contract and other relevant provisions
The mutual fund custodian and fund unit holders shall convene a general meeting of fund unit holders in accordance with the law;
16. Keep accounting books, statements, records and other relevant information of fund property management business activities as required
Over 15 years;
17. Ensure that all documents or materials required to be provided to fund investors are issued within the specified time, and ensure that
Investors can access public information related to the Fund at any time according to the time and method specified in the Fund Contract,
And obtain copies of relevant materials at reasonable cost;
18. Organize and participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation and realization of fund assets
And distribution;
19. In case of dissolution, cancellation or bankruptcy according to law, report to the CSRC in a timely manner
Know the Fund Custodian;
20. When the violation of the Fund Contract causes the loss of the Fund property or damages the legitimate rights and interests of the Fund Unitholders,
Shall bear the liability for compensation, and its liability for compensation shall not be exempted by his retirement;
21. Supervise the Fund Custodian to perform its obligations in accordance with laws and regulations and the Fund Agreement
In case of any loss of fund property caused by the violation of the fund contract, the fund manager shall, for the benefit of the fund unit holders, report to the fund
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Recovery by the custodian;
22. When the Fund Manager entrusts its obligations to a third party, it shall deal with fund related matters to the third party
Take responsibility for the behavior of the government;
23. Exercise litigation rights or implement other laws on behalf of fund share holders in the name of the fund manager
Legal behavior;
24. The Fund Manager fails to meet the filing conditions for the Fund during the offering period, and the Fund Contract cannot take effect
The fund manager shall bear all the raising expenses and raise the raised funds in the fund together with the bank deposit interest for the same period
Return to the fund subscriber within 30 days after the end of the period;
25. Implement the effective resolutions of the general meeting of fund share holders;
26. Establish and maintain the register of fund unit holders;
27. Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
4、 Commitment of the Fund Manager
1. The Fund Manager promises not to engage in any activities that violate the Securities Law of the People's Republic of China, the Fund Law and the Sales Law of the People's Republic of China
Measures, Operation Measures, Information Disclosure Measures and other laws and regulations, and promises to establish and improve internal control
System and take effective measures to prevent the occurrence of illegal acts.
2. Prohibited acts of the Fund Manager:
(1) Mixing the inherent property of the fund manager or the property of others with the fund property for securities investment;
(2) Unfairly treat different fund assets managed by the Company;
(3) Seeking benefits for a third party other than the Fund Unitholders by taking advantage of the Fund's assets or position;
(4) Committing gains or bearing losses to fund share holders in violation of regulations;
(5) Embezzlement and misappropriation of fund assets;
(6) Disclose the unpublished information obtained for the convenience of his position, use the information to engage in or express or imply that he
Person engaged in relevant trading activities;
(7) Neglect of duty and fail to perform duties according to regulations;
(8) Other acts prohibited by laws, administrative regulations and the CSRC.
3. The Fund Manager promises to strengthen personnel management, strengthen professional ethics, and urge and constrain employees to abide by the state
Relevant laws, regulations and industry norms, being honest, trustworthy, diligent and responsible, and not engaging in the following activities:
(1) Ultra vires or illegal operation;
(2) Violation of laws and regulations, fund contract or custody agreement;
(3) Deliberately damaging the legitimate rights and interests of the Fund Unitholders or other parties to the Fund Contract;
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(4) Practicing fraud in the materials submitted to the CSRC;
(5) Refuse, interfere, obstruct or seriously affect the supervision of the CSRC according to law;
(6) Neglect of duty, abuse of power, and failure to perform duties in accordance with regulations;
(7) Disclose business secrets related to securities and funds that have come to his knowledge during his term of office, and the basic information that has not been disclosed according to law
Information such as fund investment content and fund investment plan, or disclosure of unpublished information obtained due to job convenience
Information engaged in or expressly or implying others to engage in relevant trading activities;
(8) Assist, accept entrustment or conduct securities trading for other organizations or individuals in any other form;
(9) Violating the business rules of the stock exchange, manipulating the market price by illegal means such as counter checking and position dumping,
Disturbance of market order;
(10) Disparage peers to improve themselves;
(11) Intentionally containing false, misleading and fraudulent elements in public information disclosure and advertising;
(12) Seeking business development by improper means;
(13) It goes against social morality and damages the image of securities investment fund personnel;
(14) Other acts prohibited by laws, administrative regulations and the CSRC.
4. Fund manager commitment
(1) In accordance with the relevant laws and regulations and the provisions of the Fund Agreement, the Fund shares shall be accounted for in the principle of diligence and prudence
The holder seeks the best interests;
(2) They shall not take advantage of their positions to seek benefits for themselves, employees or any third party;
(3) It does not violate the relevant laws and regulations in force, the fund contract and the relevant provisions of the CSRC,
Divulge business secrets related to securities and funds known during the term of office, fund investment content that has not been disclosed according to law
Fund investment plan and other information, or use the information to engage in or express or imply others to engage in relevant trading activities;
(4) They shall not engage in securities trading or other activities that damage the fund assets or the interests of fund share holders.
5、 Internal control system of fund manager
1. Principles of internal control
(1) Principle of soundness. Internal control covers all businesses, departments or institutions and people at all levels of the company
Members, including decision-making, implementation, supervision, feedback and other aspects;
(2) Principle of effectiveness. Establish reasonable internal control procedures and maintain
Effective implementation of internal control system;
(3) The principle of independence. The setting of responsibilities of each organization, department and post of the company remains relatively independent
The operation of fund assets, self owned assets and other assets is separated from each other;
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(4) The principle of mutual restriction. Each department and post set up by the company has clear rights and responsibilities and checks and balances with each other;
(5) Cost effectiveness principle. The company uses scientific management methods to reduce operating costs and improve economic performance
Economic benefits, with reasonable control cost to achieve the best internal control effect.
2. Internal control organization system
The system structure of the company's internal control is an organizational structure with clear division of labor and mutual restraint
Will take the ultimate responsibility for the company to establish an internal control system and maintain its effectiveness, and the company's management will
Take responsibility for the effective implementation of the system. Each business department is responsible for its own risk assessment and monitoring
The Regulation Department and the Risk Management Department are responsible for supervising the implementation of the company's risk management measures. Specifically, it includes the following components
part:
(1) The Board of Directors is responsible for supervising and inspecting the legal and compliant operation, internal control and risk management of the company
To control the overall operational risk of the company;
(2) Inspector General: independently exercise the right of supervision and be directly responsible to the Board of Directors;
(3) Investment decision-making committee: responsible for making major investment decisions of the company and establishing the overall investment party of the company
Target, investment direction and investment principle;
(4) Internal Control and Risk Management Committee: divided into two professional groups: internal control and risk management
The group is mainly responsible for studying and reviewing the company's compliance management and internal control mechanism (including but not limited to the company's system and business flow
Construction and other internal management matters; The risk management team is mainly responsible for studying and formulating the company's business risk policy
Policy, study and deal with business risk management issues such as emergencies and risk events;
(5) Legal Compliance Department: responsible for the company's legal affairs and supervision, and regularly or irregularly
Supervise and inspect the implementation of insurance management policies and measures;
(6) Risk Management Department: ensure the investment of each portfolio by setting the risk control parameters of the investment trading system
Capital ratio compliance; The risk of participating in over-the-counter transactions such as new share subscription, primary bond subscription and inter-bank transactions of all portfolios
Risk identification and assessment to ensure the in-process compliance control of OTC transactions of each portfolio; Responsible for the investment performance of each portfolio
Measurement and control of efficiency and risk;
(7) Business department: risk management is the primary responsibility of each business department. Department responsibility of each department
The person in charge is the first person responsible for the risk of the department, responsible for performing the company's risk management procedures, and responsible for the business model of the department
The business risks within the scope shall be controlled and reported in a timely manner;
(8) Employees: The company strives to establish the concept of internal control priority and risk management, and cultivate the style of all employees
Risk prevention awareness, create a strong internal control culture atmosphere, and ensure that all employees understand national laws and regulations in a timely manner
And the company's rules and regulations, so that risk awareness runs through all departments, positions and links of the company. Employees in
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They shall bear corresponding internal control responsibilities within the scope of their job responsibilities, and shall be responsible for the risks and hidden dangers found in their job or
The obligation of timely reporting and feedback of risk problems.
3. Overview of internal control system
In order to strengthen internal control, effectively prevent and resolve risks, and promote the company's honest, legal and effective operation,
Protect the interests of fund holders and safeguard the legitimate rights and interests of the Company and its shareholders
Securities Investment Fund Law, Guiding Opinions on Internal Control of Securities Investment Fund Management Companies and other laws and regulations, as well as the Guidelines on Internal Control of Securities Investment Fund Management Companies
Articles of Association, and in combination with the actual situation of the company, the company has established scientific and reasonable internal control with strict control and efficient operation
System.
The company's internal control system consists of basic management system, departmental business rules, business operation regulations, etc.
The basic management system includes the company's internal control outline and risk control system, investment management system, financial management system
Fund accounting system, information disclosure system, information technology management system, file management system, personnel management system
And crisis management system. The department business rules are about the main responsibilities, job settings, job responsibilities and
Specific regulations on work report sequence, etc. Business operation regulations are formulated according to the needs of specific businesses
Class business guidelines, rules, specifications, processes, etc.
4. Internal control measures
(1) Establish and improve the internal control system and improve the internal control system. The company has established and improved its internal control structure
Management personnel have a clear division of labor on internal control, ensure that all business activities are properly organized and authorized, and ensure supervision
The audit work is independent and supported by senior management;
(2) Establish the internal control mechanism of mutual separation and checks and balances. The company has established and improved various systems
To separate fund managers, separate investment decisions, and concentrate fund transactions, to form
Check and balance mechanism to reduce and prevent risks from the system;
(3) Establish and improve the post responsibility system. The company has established and improved the post responsibility system, so that every employee
Define their own tasks and responsibilities, and timely report the risks and hidden dangers in their respective work areas to prevent and reduce
Risk;
(4) Establish risk classification, identification, assessment, report and prompt procedures. The company has established internal control and risk
The management committee shall use appropriate procedures to identify and assess risks related to the operation of the company; The company has established
The bottom-up risk reporting procedure is used to report risk hazards at all levels, so that personnel at all levels can grasp the risks in a timely manner
Risk situation, so as to make decisions as quickly as possible.
5. Statement of the Fund Manager on Internal Control
The Fund Manager hereby declares that the above disclosure of internal control system is true and accurate, and promises to
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Market changes and the company's business development continue to improve the internal control system.
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Part IV Fund Custodian
1、 Basic information
Name: Guangzhou Rural Commercial Bank Co., Ltd
Address: No.1 Huaxia Road, Zhujiang New Town, Tianhe District, Guangzhou
Legal representative: Wang Jikang
Time of establishment: October 27, 2006
Approval authority and approval document number: CBRC CBRF [2009] 484
number
Organizational form: other limited liability companies (unlisted)
Registered capital: 9808.26 million
Duration: continuous operation
Fund custody qualification approval document and document number: ZJXK [2014] No. 83
Contact: Li Zhongliang
Tel: 020-22389371
2、 Key personnel
The head office of Guangzhou Rural Commercial Bank has an asset custody department, which is a functional department engaged in asset custody business
Business Operation Office, Supervision and Audit Office, Product Marketing Office, System Management Office and all staff of the department are qualified with bachelor's degree
Education background and relevant working experience.
Mr. Huang Zhenhui, Master of Economics. Previously worked in the accounting, planning and capital industry of Guangzhou Commercial Bank Co., Ltd
Business trader, monetary fund manager of Guangfa Fund Management Co., Ltd., capital business of Guangzhou Credit Cooperatives
Manager and Deputy General Manager of the Transaction Section of the Department, Deputy General Manager of the Financial Market Department of the Head Office of Guangzhou Rural Commercial Bank, and financial peers
General Manager of the Center, General Manager of Dalian Business Center. From February 2016, served as the head office capital of Guangzhou Rural Commercial Bank
General Manager of Asset Custody Department.
Mr. Wang Dawei, Bachelor of Law, economist. Former staff member of Compliance Risk Department and sub branch of the Head Office of Guangzhou Rural Commercial Bank
Manager of Corporate Business Department, Head of Marketing Management Department of Pearl River Rural Bank, Assistant to General Manager of Financial Market Management Department of Head Office
Manager, assistant to the general manager of the interbank financial department, etc. From April 2018, served as the head office capital of Guangzhou Rural Commercial Bank
Assistant to the General Manager of the Property Custody Department.
3、 Operation of fund custody business
Guangzhou Rural Commercial Bank was jointly approved by China Securities Regulatory Commission and China Banking Regulatory Commission on January 9, 2014
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Securities investment fund custody qualification may be obtained. On October 24, 2015, upon the approval of the China Insurance Regulatory Commission
The state rural commercial bank has obtained the qualification of insurance asset custody business. Assets Custody Department of Guangzhou Rural Commercial Bank
The purpose of "honesty, credit, diligence and responsibility" relies on strict internal control management, advanced operating system and professional services
The service team and rich business experience strictly perform the duties of asset custodian
The property management organization provides safe, efficient and professional custody services. At present, custody products cover public funds and funds
Special account, bank financing, asset management of securities firms, trust plan, equity investment fund, etc., as of the end of March 2019
It manages 11 securities investment funds.
4、 Internal control system of fund custodian
1. Internal control objectives
Strictly abide by national laws, regulations, rules, administrative provisions, industry standards and regulations on custody business
Relevant internal management regulations, law-abiding operation, standardized operation, ensuring the safe and stable operation of business, and ensuring the fund assets
To ensure the safety and integrity of the assets, ensure the authenticity, accuracy, integrity and timeliness of relevant information, and protect the
Legal rights and interests.
2. Internal control organizational structure
The internal control organizational structure of the asset custody business of Guangzhou Rural Commercial Bank is composed of the risk management department of Guangzhou Rural Commercial Bank
The Internal Audit Department and the Asset Custody Department are composed of a supervision and audit office and various business departments of the Asset Custody Department. Head Office
The Risk Management Department is responsible for formulating the bank wide risk management policy, guiding and supervising the risk control work of each business department
Du. The Asset Custody Department has a supervision and audit office, which is staffed with full-time auditors and supervisors,
Independent exercise of audit and supervision authority over the operation of business. Each business department implements specific
Risk control measures.
3. Internal control principle
(1) Principle of legality.
The internal control system should comply with the national laws and regulations and the regulatory requirements of the regulatory authority, and run through the custody business
The whole operation and management activities.
(2) Integrity principle.
Each operation and management activity of custody business must have corresponding normative procedures and supervision and restriction; Supervisory system
It should penetrate into the whole process and all operation links of the trust business, covering all departments, positions and personnel.
(3) Timeliness principle.
The business activities of custody business must be recorded accurately and timely when they occur; In accordance with the principle of "internal control first",
When new departments or new business varieties are established, relevant rules and regulations must be established.
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(4) Prudence principle.
All business operations must guard against risks, operate prudently, and ensure that fund assets and other entrusted assets
Safety and integrity.
(5) Principle of effectiveness.
The internal control system shall be timely modified and improved according to national policies, laws and the needs of business management, and shall ensure that
There shall be no space, time limit and personnel exceptions until the implementation is fully implemented.
(6) The principle of independence.
Establish a management department to perform the duties of the custodian; Direct operators and controllers must be relatively independent
Stand and separate properly; The inspection and evaluation departments of the internal control system must be independent of the departments that formulate and implement the internal control system.
5、 Methods and procedures for the Fund Custodian to supervise the Fund Manager's operation of the Fund
The Fund Custodian shall, in accordance with the Fund Law, the Operation Measures, other relevant laws and regulations and the provisions of the Fund Agreement
Determine the investment scope, investment object, investment proportion, financing proportion, prohibited acts of fund investment, fund
Net asset value calculation, expense accrual and payment, fund income distribution, information disclosure and other relevant fund investments
And operation.
1. The Fund Custodian finds that the Fund Manager has violated the Fund Law, the Operation Measures and other relevant laws
The Fund Manager shall be notified in a timely manner to correct the acts specified in the laws and regulations and the Fund Contract, and the Fund Manager shall receive the notice
Timely check and confirm after knowing. Within the time limit, the Fund Custodian has the right to review the notice at any time and urge
The Fund Manager makes corrections. If the Fund Manager fails to correct the violations notified by the Fund Custodian within the time limit,
The Fund Custodian shall report to the CSRC.
2. For the matters that the fund custodian needs to submit the fund supervision report to the CSRC according to the regulatory requirements
The fund manager shall actively cooperate in providing relevant data and systems.
3. If the Fund Custodian finds that the Fund Manager has major violations, it shall report to the CSRC in a timely manner
The Fund Manager shall be notified to make corrections within a time limit, and the correction results shall be reported to the CSRC.
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Part V Relevant Service Organizations
1、 Fund unit selling institution
1. Direct selling mechanism
(1) Name: Zhongrong Fund Management Co., Ltd
Address: 3202, 3203B, Zhongzhou Building, No. 3088, Jintian Road, Gangsha Community, Futian Street, Futian District, Shenzhen
Office address: 17th Floor, AVIC Capital Building, No. 2, Wangjing Dongyuan 4th District, Chaoyang District, Beijing
Legal representative: Wang Yao
Postal code: 100102
Tel: 010-56517002, 010-56517003
Fax: 010-64345889, 010-84568832
Email: zhixiao@zrfunds.com.cn
Contact: Yang Jia, Gong Jingbo
Website: www.zrfunds.com.cn
(2) Zhongrong Fund Direct Selling Electronic Trading Platform
The fund manager's direct electronic trading methods include online trading, mobile client trading, etc. Investors can
Business is handled through the fund manager's online trading system or mobile client, specific business handling and business
Please log in to the fund manager's website for rules.
website: https://trade.zrfunds.com.cn
2. Other sales organizations
For the specific list of other sales agencies, see the Fund Unit Offering Announcement.
The Fund Manager may, in accordance with the requirements of relevant laws and regulations, choose other institutions that meet the requirements to sell
The Fund shall be announced in a timely manner.
2、 Registration Authority
Name: Zhongrong Fund Management Co., Ltd
Address: 3202, 3203B, Zhongzhou Building, No. 3088, Jintian Road, Gangsha Community, Futian Street, Futian District, Shenzhen
Office address: 17th Floor, AVIC Capital Building, No. 2, Wangjing Dongyuan 4th District, Chaoyang District, Beijing
Legal representative: Wang Yao
Tel.: 010-56517000
Fax: 010-56517001
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Contact: Li Tongqing
Website: www.zrfunds.com.cn
3、 Law firm issuing legal opinion
Name: Shanghai Tongli Law Firm
Address: 19/F, Times Financial Center, 68 Yincheng Middle Road, Shanghai
Office address: 19/F, Times Financial Center, 68 Yincheng Middle Road, Shanghai
Person in charge: Yu Weifeng
Tel.: 021-31358666
Fax: 021-31358600
Contact: An Dong
Handling lawyers: An Dong, Lu Qi
4、 Accounting firm auditing fund assets
Name: Shanghui Certified Public Accountants
Address: 25/F, Wenxin Newspaper Building, No. 755, Weihai Road, Jing'an District, Shanghai
Office address: 25/F, Wenxin Newspaper Building, No. 755, Weihai Road, Jing'an District, Shanghai
Executive partner: Zhang Xiaorong (chief partner)
Tel.: 021-52920000
Fax: 021-52921369
Handling CPA: Chen Dayu, Jiang Jiawei
Contact: Yang Weiping
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Part VI Fund Raising
1、 Basis for raising
The Fund Manager shall, in accordance with the Fund Law, the Operation Measures, the Sales Measures, the Fund Contract and
Other relevant regulations have been registered with the CSRC's ZJXK [2019] No. 2847 document on December 13, 2019.
2、 Fund type and duration
Fund type: hybrid securities investment fund
Fund operation mode: contractual and open
Duration of the Fund: irregular
3、 Raising period
The raising period of the Fund shall not exceed 3 months from the date of sale of the Fund units. See
Announcement on the Offering of Fund Units.
The Fund Manager may appropriately extend or shorten the time of fund sale within the raising period according to the fund sale,
And timely announcement.
4、 Category setting of fund units
According to the different charging methods of subscription fee, subscription fee, redemption fee, sales service fee and other rates, the Fund will
Fund shares are divided into A and C shares. Collect subscription and subscription fees when investors subscribe for funds
If the redemption fee is charged at the time of redemption and the sales service fee is no longer withdrawn from the fund assets of this category, it is called Class A
Fund shares; The sales service fee is withdrawn from the fund assets of this category, and the redemption fee is charged at the time of redemption
If no subscription or purchase fees are charged when subscribing for funds, they are called Class C fund units.
Fund codes are set for Class A and Class C fund units of the Fund. Due to different fund fees
The net value of Class A Fund units and Class C Fund units will be calculated separately and announced separately.
The Fund is open to subscription of Class A and Class C fund units during the raising period, and investors can choose to subscribe
Fund share category. No mutual conversion is allowed between different fund unit classes of the Fund.
The fund manager can adjust the minimum amount limit and rules for subscribing/subscribing various fund units without calling for a foundation
At the general meeting of gold share holders, the fund manager must comply with the provisions of the Information Disclosure Measures before the date of adjustment
The announcement shall be published on the designated media.
Without violating the provisions of laws and regulations, the provisions of the fund contract, and without harming existing fund share holders
In the case of equity, according to the operation of the fund, the fund manager, after consultation with the fund custodian
After the procedure, stop the sale of existing fund unit categories, or change the charging method, add new fund unit categories
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Distinguish or adjust the classification rules of the Fund units. Before the adjustment is implemented, the Fund Manager shall timely announce and report
The CSRC does not need to hold a general meeting of fund share holders for filing.
5、 Way and place of raising
It is publicly sold through the fund sales outlets of each sales agency. For the specific list of each sales agency, see the fund
The amount offering announcement and the relevant announcement on adjusting the sales institution issued by the fund manager at that time.
6、 Raising objects
Individual investors, institutional investors and qualified investors who can invest in securities investment funds in accordance with laws and regulations
Foreign institutional investors and RMB qualified foreign institutional investors, as well as laws and regulations or the CSRC permit to purchase
Other investors who buy securities investment funds.
7、 Subscription time
The specific business handling time of each day during the offering and raising period of the Fund shall be determined by the fund unit offering announcement or each sale
Relevant announcement or notice provisions of the sales institution.
Specific businesses of each sales agency for individual investors or institutional investors during the offering and raising period of the Fund
The time of transaction may be different. If there is no clear provision in this prospectus or the announcement on the sale of fund units
The sales organization shall decide the daily business processing time at its own discretion.
8、 Limit on amount of subscription
Subscription is applied in amount. When investors subscribe for fund units, they shall pay in full in the manner specified by the sales agency
For subscription funds, investors can subscribe for the Fund units for many times during the fund raising period, and the subscription fee is based on each subscription
The application shall be calculated separately, and once accepted, the subscription application shall not be revoked.
The Fund Manager does not impose restrictions on the cumulative subscription amount of a single investor during the offering period. Through fund management
When a direct selling institution or online trading platform subscribes to the Fund, the minimum amount of a single subscription for the first time is 1 yuan,
The minimum amount of a single additional subscription is 1 yuan. Each subscription amount of each fund account of other sales institutions is not
It may be less than 1 yuan. If other sales agencies have other provisions, their provisions shall prevail.
If the cumulative number of fund units subscribed by a single investor of the Fund reaches or exceeds 50% of the total fund units,
The Fund Manager may limit the subscription application of such investor by means of proportional confirmation. fund management
If a person accepts a certain subscription application or some subscription applications that may lead investors to evade the above 50% ratio requirement in disguised form
The Fund Manager has the right to reject all or part of such subscription applications. Number of fund shares subscribed by investors Fund
After the contract takes effect, the confirmation of the registration authority shall prevail.
9、 Subscription fee
The investor shall pay the subscription fee when subscribing for Class A fund units, and the investor shall not pay the subscription fee when subscribing for Class C fund units
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Purchase expenses. The subscription rate of Class A fund units of the Fund decreases with the increase of subscription amount (applicable to fixed amount
The specific rate structure is shown in the following table:
Class A fund shares
Subscription rate of single amount
1.20% below 1 million yuan
RMB 1 million (inclusive) - RMB 3 million 0.80%
3 million yuan (inclusive) - 5 million yuan 0.60%
1000 yuan for each transaction above 5 million yuan (inclusive)
Class C fund share 0
The subscription fees for Class A fund units of the Fund shall be borne by the investors. The fund subscription fee is not included in the fund property,
It is mainly used for various expenses incurred during the raising period such as the marketing, sales and registration of the Fund. Raising period
Information disclosure fees, accountants' fees, lawyers' fees and other fees incurred occasionally shall not be disbursed from the fund assets.
10、 Calculation of subscribed shares
The selling face value of the Fund units of the Fund is 1.00 yuan per fund unit.
1. Calculation method for subscription units of Class A fund units:
1) If the subscription fee applies to the proportional rate:
Net subscription amount=subscription amount/(1+subscription rate)
Subscription fee=subscription amount - net subscription amount
Subscription units=(net subscription amount+interest during the raising period)/selling face value of fund units
2) Where the subscription fee applies to a fixed amount:
Subscription fee=fixed amount
Net subscription amount=subscription amount - subscription fee
Subscription units=(net subscription amount+interest during the raising period)/selling face value of fund units
2. Calculation method for subscription units of Class C fund units:
Subscribed units=(subscription amount+interest during the raising period)/selling face value of fund units
The subscription fee and net subscription amount are in RMB yuan. The calculation results are rounded off and retained
To two decimal places; The calculation result of subscription shares shall be reserved to two decimal places and the part after two decimal places
Round off, and the gains or losses arising from this error shall be borne by the fund property.
Example 1: If an investor invests 10000 yuan to subscribe for Class A fund shares of the Fund, the corresponding subscription fee
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The rate is 1.20%. Assuming that the subscription amount generates an interest of 5.00 yuan during the period of raising, it can obtain Class A funds
The amount is calculated as follows:
Net subscription amount=10000/(1+1.20%)=9881.42 yuan
Subscription fee=10000-9881.42=118.58 yuan
Subscription shares=(9881.42+5.00)/1.00=9886.42
That is, the investor invests 10000 yuan to subscribe for Class A fund shares of the Fund, assuming that the subscription amount is raised
The interest generated during the collection period was 5.00 yuan, and after the end of the fund sale, it obtained 9886.42 fund shares.
Example 2: An investor invests 10000 yuan to subscribe for Class C fund shares of the Fund, assuming that the subscription generates profits
If the interest is 5 yuan, the subscription shares that can be obtained are:
Subscribed shares=(10000+5)/1.00=10005 shares
That is, the investor invested 10000 yuan to subscribe for Class C fund shares of the Fund, and the subscription funds were raised
The interest earned during the period is 5 yuan, and 10005 fund shares can be obtained.
11、 Method and confirmation of subscription
1. Subscription method
The time schedule for investors to subscribe, the documents to be submitted and the procedures to be handled by investors to subscribe shall be determined by the Fund Manager
In accordance with the relevant laws and regulations and the Fund Contract, it shall be determined and disclosed in the Fund Unit Offering Announcement.
2. Confirmation of subscription application
The acceptance of the subscription application by the fund sales agency does not necessarily mean that the application is successful, but only represents the sales machine
The organization has indeed received the subscription application. The confirmation of the subscription application shall be subject to the confirmation result of the registration authority. For subscription application
Please refer to the confirmation of subscribed shares. Investors should timely inquire and properly exercise their legal rights. Otherwise
Any loss incurred shall be borne by the investor.
12、 Treatment of interest during the raising period
The interest generated from effective subscription funds during the raising period will be converted into fund units and returned to fund unit holders
Yes, the interest transfer share shall be subject to the records of the registration authority.
13、 Management of raised funds during the raising period
The funds raised during the fund raising period shall be deposited into a special account. Before the fund raising is completed, no one shall
to use.
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Part VII Effectiveness of the Fund Contract
1、 Conditions for Fund Filing
The total number of units raised in the Fund shall not be less than 200 million within three months from the date of sale of the Fund units,
If the fund raised amount is not less than 200 million yuan and the number of fund subscribers is not less than 200
The offering period expires or the Fund Manager may decide to stop the sale of the Fund in accordance with laws, regulations and the Prospectus, and
Engage a legal capital verification institution to verify the capital within 10 days, and report to the CSRC within 10 days from the date of receiving the capital verification report
It will handle the fund filing procedures.
If the fund raising meets the conditions for fund filing, the fund manager shall complete the fund filing procedures and obtain
The Fund Contract shall come into force from the date of written confirmation by the CSRC; Otherwise, the fund contract will not take effect. Fund manager
The Fund Contract shall be announced on the next day after receiving the confirmation document from the CSRC. The Fund Manager shall
Deposit the funds raised during the fund raising into a special account. Before the fund raising is completed, no one may
to use.
2、 Handling method of raised funds when the fund contract fails to take effect
If the raising period expires and the fund filing conditions are not met, the fund manager shall bear the following responsibilities:
1. Bear the debts and expenses arising from the raising with its inherent property;
2. Return the funds paid by investors within 30 days after the expiration of the fund raising period, and add the same period of the bank
interest on deposit;
3. If the fund raising fails, the fund manager, the fund custodian and the sales institution shall not request remuneration. base
All expenses paid by the fund manager, fund custodian and sales institution for the fund raising shall be borne by each party.
3、 Number of fund share holders and asset size within the duration of the fund
After the Fund Contract takes effect, the number of Fund Unitholders is less than 200 or
If the net asset value of the fund is less than 50 million yuan, the fund manager shall disclose it in the regular report; even
In case of any of the above circumstances for another 50 working days, the Fund will enter into the fund asset liquidation procedure and terminate without the need to
Convene a general meeting of fund share holders for deliberation.
Where laws and regulations or the CSRC provide otherwise, such provisions shall prevail.
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Part VIII Subscription and Redemption of Fund Units
1、 Place for subscription and redemption
The subscription and redemption of the Fund will be conducted through the sales agency. The specific sales outlets will be managed by the fund manager
Listed in the prospectus or other relevant announcements. The fund manager can change or increase or decrease the sales machine according to the situation
And publicized on the fund manager's website. The fund investor shall handle the operation of fund sales business in the sales agency
The business premises or other methods provided by the sales agency shall be used to handle the subscription and redemption of fund units.
If the fund manager or its designated sales agency opens telephone, fax or online trading methods, the investor
The subscription and redemption of fund units can be carried out in the above ways. The specific measures shall be cancelled by the fund manager or relevant departments
The selling institution shall make a separate announcement.
2、 Opening day and time of subscription and redemption
1. Open Day and Opening Hours
The investor shall handle the subscription and redemption of fund units on the open day, and the specific handling time is Shanghai Stock Exchange
Trading hours on normal trading days of the Exchange and Shenzhen Stock Exchange (if the Fund participates in Hong Kong Stock Connect trading and this work
If the day is not the trading day of Hong Kong Stock Connect, the Fund Manager may decide whether the Fund is open for subscription
Redemption and conversion business shall be subject to the announcement issued in advance at that time), but the fund manager shall
Except for the suspension of subscription and redemption as required by the CSRC or the provisions of the fund contract.
After the fund contract takes effect, if there is a new securities trading market, futures trading market, stock exchange
In case of any change in the trading time of the Stock Exchange or other special circumstances, the Fund Manager will, as appropriate
The time shall be adjusted accordingly, but shall be specified before the implementation date in accordance with the relevant provisions of the Information Disclosure Measures
Announcements on the media.
2. Start date of subscription and redemption and business handling time
The Fund Manager shall handle the subscription within 3 months from the effective date of the Fund Contract, and handle the specific business
The time shall be specified in the announcement of subscription start.
The Fund Manager shall handle the redemption within 3 months from the effective date of the Fund Contract, and the specific business shall be handled
The time is specified in the announcement of redemption start.
After determining the start time of subscription and redemption, the Fund Manager shall, before the opening day of subscription and redemption
The relevant provisions of the Information Disclosure Measures shall announce the start time of subscription and redemption on the designated media.
The fund manager may not handle the subscription of fund units
Redemption or conversion. The investor applies for subscription, redemption or conversion on a date and time other than that specified in the fund contract
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If the registration authority is requested to confirm its acceptance, the subscription and redemption price of the fund units shall be the fund units of this category on the next open day
Amount of purchase and redemption price.
3、 Principles of subscription and redemption
1. The principle of "unknown price", that is, the subscription and redemption prices are calculated after the closing of the application day
Calculate on the basis of net amount;
2. The principle of "amount subscription and share redemption", that is, subscription is applied for by amount, and redemption is applied for by share;
3. The application for subscription and redemption on that day may be withdrawn within the time specified by the Fund Manager
It shall not be revoked after the end of business processing time;
4. Redemption follows the principle of "first in, first out", that is, it is carried out in the order of investors' subscription and subscription
redeem;
5. When handling subscription and redemption business, the principle of giving priority to the interests of fund unit holders shall be followed to ensure that the investment
The legitimate rights and interests of the investors shall not be damaged and shall be treated fairly.
The Fund Manager may adjust the above principles if permitted by laws and regulations. Fund manager must
It shall be announced on the designated media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation of the new rules.
4、 Procedures for subscription and redemption
1. Application method for subscription and redemption
The investor must propose within the specific business handling time on the opening day according to the procedures specified by the sales agency
Application for subscription or redemption.
2. Payment of subscription and redemption funds
When subscribing for fund units, investors must pay the subscription amount in full
Establishment; The subscription takes effect when the fund share registration authority confirms the fund share.
The redemption is established when the fund unit holder submits the redemption application; When the fund share registration institution confirms the redemption
It will take effect.
After the investor's redemption application takes effect, the fund manager will pay the redemption amount within T+7 days (including that day).
In case of data transmission delay, communication system failure, bank data exchange system failure or
Redemption of funds when other factors beyond the control of the fund manager and the fund custodian affect the business process
It shall be postponed to the next working day. In case of huge redemption or deferred payment of redemption money
The payment method shall refer to the relevant provisions of the fund contract.
3. Confirmation of application for subscription and redemption
The Fund Manager shall take the day when valid subscription and redemption applications are accepted before the end of trading hours as the day of subscription or
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On the redemption application date (T date), under normal circumstances, the Fund's registration authority will have the validity of the transaction within T+1 days
Confirm. For the valid application submitted on T day, the investor can go to the sales outlet counter after T+2 day (including that day)
Or inquire about the confirmation of the application in other ways specified by the sales agency. If the subscription is unsuccessful, the subscription amount will be refunded
Return to investors.
The acceptance of the application for subscription and redemption by the sales agency does not mean that the application is necessarily successful, but only represents the sales agency
The application for subscription and redemption has been received. The confirmation of subscription and redemption shall be subject to the confirmation result of the registration authority. about
Investors shall timely inquire about the application for subscription and redemption and the confirmation of subscription and redemption units and properly exercise the legitimacy
right.
Within the scope permitted by laws and regulations, the Fund Manager may handle the above businesses in accordance with relevant business rules
The Fund Manager will make an announcement in accordance with relevant regulations before the adjustment is implemented.
5、 Quantity limit of subscription and redemption
1. The minimum initial subscription amount of each fund account of the direct selling institution of the fund manager is 1 yuan
The minimum amount of additional subscription is 1 yuan; When subscribing the Fund through the online trading platform of the Fund Manager
The minimum subscription amount is 1 yuan. The minimum amount of single subscription of each fund account of other sales institutions is 1 yuan
If other sales organizations have other provisions, such provisions shall prevail.
2. When the fund unit holder redeems at the sales institution, each redemption application shall not be less than one fund unit.
The balance of fund units held by the fund unit holder at the sales institution (outlet) at the time of redemption or after redemption is less than 1
, which shall be fully redeemed at one time.
3. The fund manager may stipulate the upper limit of the fund units held by a single investor in total. Please refer to
See the updated prospectus or related announcements.
4. When accepting the application for subscription has a potentially significant adverse impact on the interests of the holders of stock fund units
The fund manager shall set the upper limit of the amount of subscription of a single investor or the upper limit of the net subscription proportion of a single day of the fund, and refuse to
The legal rights and interests of the holders of stock fund units shall be effectively protected by taking measures such as super large purchase and suspension of fund purchase. base
The fund manager can take the above measures to control the fund size based on the needs of investment operation and risk control,
See the relevant announcement of the Fund Manager for details.
5. The Fund Manager may adjust the above specified subscription amount and redemption shares if permitted by laws and regulations
Equal quantity limit. The fund manager must, before the implementation of the adjustment
Announcements on designated media.
6、 Price, fees and purposes of subscription and redemption
1. Subscription fee
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The Fund units of the Fund are divided into two different categories: Category A and Category C. Subscription of Class A Fund Units of the Fund
The rate is divided into four levels according to the size of the purchase amount, and decreases with the increase of the purchase amount (the fixed amount rate applies
Except for subscription); Investors do not charge subscription fees when subscribing for Class C fund units, but from the fund assets of this class
Withdraw sales service fees. The subscription rate of the Fund is shown in the following table:
Class A fund shares
Subscription rate of single subscription amount
1.50% below 1 million yuan
1 million yuan (inclusive) - 3 million yuan 1.00%
RMB 3 million (inclusive) - RMB 5 million 0.80%
1000 yuan for each transaction above 5 million yuan (inclusive)
Class C fund share 0
The subscription fee for Class A fund units of the Fund shall be charged when investors subscribe for fund units and shall not be included in the Fund
Property, which is mainly used for the marketing, sales, registration and other expenses of the Fund.
2. Redemption fee
The redemption rate of the Fund decreases according to the holding time, that is, the longer the fund units are held, the applicable redemption
The lower the rebate rate, the specific redemption rate is shown in the table below:
Class A Fund Units Class C Fund Units
Holding period redemption rate Holding period redemption rate
Y ＜ 7 days 1.50%
Y ＜ 7 days 1.50%
7 days ≤ Y ＜ 30 days 0.75%
30 days ≤ Y ＜ 180 days 0.50%
7 days ≤ Y ＜ 30 days 0.50%
Y ≥ 180 days 0 Y ≥ 30 days 0
(Note: Y: holding time; 1 year=365 days)
Investors may redeem all or part of their fund units. Redemption expenses shall be paid by
The Fund Unitholders shall bear and collect when the Fund Unitholders redeem the Fund units. For holding period less than 30
The redemption fee charged for the fund units on the day of, and the redemption fee shall be fully included in the fund property; For holding period not less than 30
75% of the redemption fee charged for the Fund units within days but less than 3 months shall be included in the Fund property; For holding
50% of the redemption fee charged for fund units with a term of no less than 3 months but less than 6 months shall be included in the fund
Property. The part not included in the fund property shall be used to pay the registration fee and other necessary service fees. (Note: 1 month=30
Day)
3. The Fund Manager may adjust the rate or charging method within the scope agreed in the Fund Contract and shall, at the latest
Before the implementation date of the new rate or charging method, publish it on the designated media in accordance with the relevant provisions of the Information Disclosure Measures
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Notice.
4. The Fund Manager may, within the scope of not violating the provisions of laws and regulations and the fund contract, make investment
On the premise that there is no material adverse impact on people, formulate fund promotion plans according to market conditions, regularly or irregularly
Carry out fund promotion activities. During the fund promotion activities, the fund manager may fulfill the requirements of the CSRC
After necessary procedures, the fund subscription rate and redemption rate shall be appropriately lowered for investors.
5. In case of large amount purchase or redemption of the Fund, the Fund Manager may adopt the swing pricing mechanism,
To ensure the fairness of fund valuation. Specific handling principles and operation specifications shall comply with relevant laws, regulations and supervision
Provisions of departments and self-discipline rules.
7、 Calculation method of subscription units and redemption amount
1. Calculation of subscription shares
The subscription fee of the Fund is charged by the front end (that is, the subscription fee is paid when the fund is subscribed)
The subscription amount of a person includes the subscription fee and the net subscription amount.
The calculation method of subscription units of Class A fund units is as follows:
1) When the subscription rate is applicable to the proportional rate:
Net subscription amount=subscription amount/(1+subscription rate)
Subscription fee=subscription amount - net subscription amount
Subscription units=net subscription amount/net value of fund units of this category on the date of subscription
2) When the subscription fee is fixed:
Subscription fee=fixed amount
Net subscription amount=subscription amount - fixed fee
Subscription units=net subscription amount/net value of fund units of this category on the date of subscription
The calculation method of subscription units of Class C fund units is as follows:
Subscription unit=subscription amount/net value of fund unit of this category on the date of subscription
The above calculation results are rounded to 2 decimal places, and the resulting gains or losses
The loss shall be borne by the fund property.
Example 1: An investor invests 50000 yuan to subscribe for Class A fund shares of the Fund, assuming that Class A fund shares are subscribed on the day of subscription
If the net value of gold shares is 1.1500 yuan, the subscription shares available are:
Net subscription amount=50000/(1+1.50%)=49261.08 yuan
Subscription fee=50000-49261.08=738.92 yuan
Subscription shares=49261.08/1.1500=42835.72
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That is, investors invest 50000 yuan to subscribe for Class A fund shares of the Fund, assuming that Class A fund is subscribed on the day of subscription
If the net value of the shares is 1.1500 yuan, they can get 42835.72 Class A fund shares.
Example 2: An investor invests 50000 yuan to subscribe for Class C fund shares of the Fund, assuming that Class C shares on the day of subscription
If the net value of fund units is 1.1500 yuan, the subscription units available to them are:
Subscription shares=50000/1.1500=43478.26
That is, investors invest 50000 yuan to subscribe for Class C fund shares of the Fund, assuming that Class C fund shares are subscribed on the day of subscription
If the net value is 1.1500 yuan, 43478.26 Class C fund shares can be obtained.
2. Calculation of redemption amount
The Fund Unitholders shall pay the redemption fee when redeeming the Fund, and the net redemption amount of the Fund Unitholders shall be
The redemption amount shall be deducted from the redemption fee. Including:
Total redemption amount=net value of fund units of this category on the day of redemption of redeemed units
Redemption fee=redemption rate of total redemption amount
Net redemption amount=total redemption amount redemption fee
The above calculation results are rounded to 2 decimal places, and the resulting gains or losses
The loss shall be borne by the fund property.
Example 3: An investor redeems 10000 Class A fund units of the Fund for a holding period of 3 months, and the applicable redemption fee
The rate is 0.50%. Assuming that the net value of Class A fund units on the redemption day is 1.1480 yuan, the net redemption amount available is:
Total redemption amount=10000 × 1.1480=11480.00 yuan
Redemption fee=11480.00 × 0.50%=57.40 yuan
Net redemption amount=11480.00 － 57.40=11422.60 yuan
That is, investors redeem 10000 Class A fund units of the Fund, assuming that the Class A fund units are net on the day of redemption
If the value is 1.1480 yuan, the net redemption amount can be 11422.60 yuan.
3. Calculation of net value of fund units
The calculation of the net value of Class A fund units and Class C fund units of the Fund shall be retained to 4 decimal places,
The fifth digit after the decimal point shall be rounded off, and the resulting gains or losses shall be borne by the fund property. Various bases of T day
The net value of gold shares shall be calculated after the market closing of the day and announced within T+1 day (including that day). In case of special circumstances
The calculation or announcement may be delayed appropriately when performing appropriate procedures.
8、 Registration of subscription and redemption
After the investor successfully subscribes to the fund on T day, the registration authority will register the rights and interests of the investor and handle the registration on T+1 day
For registration procedures, investors have the right to redeem this part of fund units after T+2 (inclusive).
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After the investor successfully redeems the fund on T day, the registration authority will deduct the equity for the investor on T+1 day and handle the corresponding procedures
Registration procedures of.
The Fund Manager may, within the scope permitted by laws and regulations, adjust the above registration time, and
The adjustment will be announced in accordance with relevant regulations before implementation.
9、 Large amount redemption situation and handling method
1. Recognition of huge redemption
If the net redemption application of the Fund units within a single open day of the Fund (the total number of redemption application units plus the fund transfer
After deducting the total number of subscription application units and the total number of transfer in application units in fund conversion
If the balance exceeds 10% of the total fund shares on the previous opening day, it is deemed that a huge redemption has occurred.
2. Treatment method of huge redemption
In case of a huge redemption of the fund, the fund manager can decide according to the current asset portfolio of the fund
Full redemption or partial deferred redemption.
(1) Full redemption: when the Fund Manager believes that it is able to pay all redemption applications of investors
Execution of normal redemption procedures.
(2) Partial deferred redemption: when the fund manager thinks that it is difficult to pay the investor's redemption application or because
When the property realization by paying the investor's redemption application may cause great fluctuations in the net asset value of the fund,
On the premise that the redemption proportion accepted by the fund manager on the same day is not less than 10% of the total fund shares on the previous open day,
Other redemption applications can be postponed. For the redemption application on that day, the proportion of the redemption application amount of a single account
The proportion of the total amount of redemption applications, and determine the redemption units accepted on the current day; For the part not redeemed, the investor is withdrawing
When the redemption application is submitted, the redemption can be postponed or cancelled. If you choose to postpone redemption, it will be automatically transferred to the next
Redemption will continue on the opening day until all redemptions are made; Partial redemptions that have not been accepted on the current day and have chosen to cancel redemptions
The application will be withdrawn. The deferred redemption application shall be processed together with the redemption application on the next open day, without priority and below
The redemption amount shall be calculated on the basis of the net value of the fund units of this category on the opening day, and so on, until the total redemption is
End. If the investor does not make a clear choice when submitting the redemption application, the part that the investor fails to redeem will be automatically postponed
Back processing.
(3) If the Fund is redeemed in a large amount, if a single fund unit holder exceeds 20% of the total fund shares
In the case of the redemption application above, the Fund Manager may postpone the application for redemption:
If the redemption application exceeds more than 20% of the total fund shares of the previous day, it can be postponed; For this base
The fund manager believes that it is able to pay all the investors for the part of the gold unit holder that does not exceed the above proportion
When applying for redemption, the normal redemption procedure shall be followed. When the fund manager thinks it is difficult to pay the investor's redemption application
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It is difficult or believed that the realization of property due to the payment of redemption application of investors may cause
In case of large fluctuations, the redemption proportion accepted by the fund manager on the same day shall not be less than 10% of the total fund shares on the previous open day
Under the premise of, the remaining redemption applications can be postponed. However, if the holder chooses to
If the redemption is cancelled, part of the redemption applications that have not been accepted on that day will be cancelled.
(4) Suspension of redemption: massive redemption occurs for more than two consecutive business days (including the number), such as the fund manager
If it deems necessary, it may suspend accepting the redemption application of the Fund; The accepted redemption application can postpone the payment of redemption
The payment shall not exceed 20 working days and shall be announced on the designated media.
3. Announcement of massive redemption
In the event of the above-mentioned huge redemption and the postponement of handling, the Fund Manager shall mail, fax or recruit
In other ways specified in the prospectus, the fund share holders shall be notified within three trading days to explain the relevant handling methods,
And publish an announcement on the designated media within 2 days.
10、 Refusal or suspension of subscription
In case of the following circumstances, the Fund Manager may refuse or suspend accepting the subscription application of investors:
1. The fund cannot operate normally due to force majeure.
2. The Fund Manager may suspend the acceptance of investment in the event that the valuation of the Fund assets is suspended as stipulated in the Fund Contract
Subscription application of investors.
3. The trading time of the securities/futures exchange is abnormally closed, causing the fund manager to be unable to calculate the funds of the day
Net worth.
4. When accepting a certain application or some applications for subscription may affect or damage the interests of existing fund share holders.
5. The fund asset scale is too large, which makes the fund manager unable to find suitable investment varieties, or other possible
It has a negative impact on the performance of the Fund, or other circumstances that damage the interests of existing fund share holders occur.
6. There is no active market price for the assets with more than 50% of the net asset value of the fund on the current valuation date
And if the use of valuation techniques still leads to significant uncertainty in the fair value, it shall be confirmed through consultation with the Fund Custodian
After that, the fund manager shall suspend accepting the application for fund subscription.
7. The Fund Manager's acceptance of certain or certain subscription applications may result in a single investor holding shares of the Fund
The proportion of the amount reaches or exceeds 50%, or evades 50% concentration in disguised form.
8. The subscription application exceeds the total size of the fund, the upper limit of the net subscription ratio per day, and the single
The upper limit of the amount of a single day or single subscription by investors;
9. Other circumstances specified by laws and regulations or recognized by the CSRC.
The Fund Manager decides to suspend the subscription in any of the above circumstances (1, 2, 3, 5, 6 and 10)
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When an investor applies for subscription, the fund manager shall publish the suspension of subscription on the designated media in accordance with relevant regulations
Notice. If the investor's application for subscription is rejected, the rejected subscription amount will be returned to the investor. Paused on
When the situation of subscription is eliminated, the Fund Manager shall resume the subscription business in a timely manner.
11、 Circumstances of suspending redemption or delaying payment of redemption money
Under the following circumstances, the Fund Manager may suspend accepting the redemption application of investors or postpone the payment of redemption
Payment:
1. The Fund Manager is unable to pay the redemption amount due to force majeure.
2. The Fund Manager may suspend the acceptance of investment in the event that the valuation of the Fund assets is suspended as stipulated in the Fund Contract
The investor's redemption application or deferred payment of redemption money.
3. The trading hours of the securities and futures exchanges are abnormally closed, causing the fund manager to be unable to calculate the daily basis
Net value of gold assets.
4. Huge redemption occurs for two or more consecutive open days.
5. In the event that continuing to accept the redemption application will damage the interests of existing fund unit holders
The manager may suspend accepting the redemption application of the fund unit holder.
6. There is no active market price for the assets with more than 50% of the net asset value of the fund on the current valuation date
And if the use of valuation techniques still leads to significant uncertainty in the fair value, it shall be confirmed through consultation with the Fund Custodian
After that, the Fund Manager shall suspend the payment of the redemption money or the acceptance of the Fund redemption application.
7. Other circumstances specified by laws and regulations or recognized by the CSRC.
When one of the above circumstances occurs and the Fund Manager decides to suspend the redemption or postpone the payment of redemption money, the Fund
The Manager shall report to the CSRC for filing on the same day, and the Fund Manager shall pay in full the confirmed redemption application;
If the payment cannot be made in full for the time being, the payable part shall be distributed according to the proportion of the application amount of a single account in the total application amount
To the redemption applicant, the unpaid part can be postponed. In case of the situation mentioned in item 4 above, the fund contract
Handling of relevant provisions of. When applying for redemption, fund share holders may choose in advance that the redemption may not be accepted on that day
Partial cancellation. When the suspension of redemption is eliminated, the Fund Manager shall resume the redemption business in a timely manner
And make an announcement.
12、 Announcement of suspension of subscription or redemption and announcement of reopening subscription or redemption
1. In case of the above suspension of subscription or redemption, the Fund Manager shall designate the media within the specified period
A notice of suspension will be published on.
2. If the above suspension of subscription or redemption is eliminated, the Fund Manager shall announce the latest 1
The net value of the fund units of each type of fund unit on each open day.
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3. The Fund Manager may, according to the time of suspension of subscription or redemption
Relevant regulations, publish the announcement of reopening subscription or redemption on the designated media at the latest on the reopening day; it's fine too
According to the actual situation, the time for reopening subscription or redemption will be specified in the suspension announcement, and will not be released separately at that time
Announcement of reopening.
13、 Fund conversion
The Fund Manager may decide to open the Fund and the Fund in accordance with relevant laws and regulations and the provisions of the Fund Contract
For the conversion business between other funds managed by the fund manager, a certain conversion fee can be charged for fund conversion
The rules shall be formulated and announced by the fund manager in accordance with relevant laws and regulations and the provisions of the fund contract at that time, and shall be made in advance
Inform the Fund Custodian and relevant institutions.
14、 Non trading transfer of funds
Non transaction transfer of funds refers to the acceptance of inheritance, donation and judicial enforcement by the fund registration authority
The resulting non transaction transfer and other non transaction transfer recognized by the registration authority and in compliance with laws and regulations. Whether in
Under any of the above circumstances, the subject receiving the transfer must be an investor who can hold the fund shares of the Fund according to law.
Inheritance refers to the death of the fund unit holder, and the fund units held by him shall be inherited by his legal successor; Donation
Donation means that fund share holders donate their legally held fund shares to welfare foundations or social groups
Body; Judicial enforcement refers to the funds held by fund share holders by judicial authorities in accordance with effective judicial documents
The shares are forcibly transferred to other natural persons, legal persons or other organizations. Fund registration must be provided for non transaction transfer
Relevant materials required by the institution shall be provided according to the regulations of the fund registration institution for qualified non trading transfer applications
It shall be prescribed and charged according to the standard prescribed by the fund registration authority.
15、 Custody transfer of funds
Fund share holders can handle the transfer of custody of their held fund shares between different sales institutions
A sales agency may collect the transfer custody fee according to the prescribed standards.
16、 Fixed investment plan
The Fund Manager may handle regular and quota investment plans for investors, and the specific rules shall be separately formulated by the Fund Manager
Line regulations. When handling the fixed investment plan, the investor can agree on the amount of deduction for each period
The amount must not be less than the fixed investment amount specified by the fund manager in the relevant announcement or updated prospectus
The minimum subscription amount of the capital plan.
17、 Freezing and unfreezing of fund shares
The fund registration authority only accepts the freezing and unfreezing of fund units required by the competent authorities of the state according to law, and
Freezing and unfreezing under other circumstances recognized by the registration authority and in compliance with laws and regulations.
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18、 The Fund Manager may, without violating the relevant laws and regulations and without incurring any objection to the interests of the Fund Unitholders
Supplement and adjust the above subscription and redemption arrangements according to the specific circumstances and advance
Notice.
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Part IX Investment of the Fund
1、 Investment objectives
The Fund, through the organic combination of various investment strategies and under the premise of strict control of portfolio risk,
Strive to realize the long-term steady appreciation of fund assets.
2、 Investment scope
The investment objects of the Fund are financial instruments with good liquidity, including those issued and listed in China according to law
Stocks (including SMEs, GEM and other stocks approved by the CSRC for listing), mainland and Hong Kong stocks
Shares listed on the Stock Exchange of Hong Kong (hereinafter referred to as "Hong Kong shares") that are allowed to be traded under the interconnection mechanism of ticket market transactions
General target stocks "), bonds (including government bonds, central bank bills, local government bonds, short-term financing bonds, and ultra short-term financing
Capital bonds, medium-term notes, financial bonds, corporate bonds, corporate bonds, subordinated bonds, convertible corporate bonds (including
Separable trading convertible bonds), exchangeable corporate bonds, etc.), asset-backed securities, bond repurchase, bank deposits
Inter bank deposit receipts, money market instruments, stock index futures, treasury bond futures and funds permitted by laws and regulations or the CSRC
Other financial instruments invested (subject to the relevant provisions of the CSRC).
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall perform appropriate
After the procedure, it can be included in the scope of investment.
The proportion of the Fund's stock investment in the Fund's assets is 0-95% (of which
The proportion shall not exceed 50% of the stock assets). The proportion of the Fund's investment in inter-bank deposit receipts shall not exceed that of the Fund's assets
20%。 At the end of each trading day, after deducting the trading deposits required to be paid for stock index futures and treasury bond futures contracts
Gold or government bonds with maturity within one year shall not be less than 5% of the net asset value of the fund. Including cash
Including settlement provisions, deposits, subscription receivables, etc.
The investment proportion of stock index futures and treasury bond futures shall be implemented in accordance with laws and regulations or the provisions of regulatory agencies. If law
Laws and regulations or China Securities Regulatory Commission change the investment proportion limit of investment varieties, and the fund manager is performing appropriate procedures
After that, the investment proportion of the above investment varieties can be adjusted.
3、 Investment strategy
1. Asset allocation strategy
The fund manager will form a major category of assets based on various economic operation indicators and typical index valuation status
Judgment of expected returns and risks, and then determine stocks, bonds, money market instruments and other financial instruments in the portfolio
The specific proportion of.
Specific indicators include:
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(1) Macroeconomic indicators, including GDP growth rate, industrial added value, PPI, CPI, market interest rate change
Chemical, import and export trade data, financial policies, etc. to judge the impact of economic fluctuations on the market;
(2) Micro economic indicators, including profit changes and profit expectations of major enterprises in various industries;
(3) Market indicators, including the rise and fall of stock and bond markets, expected yield, and overall market evaluation
Value level and comparison with foreign markets, market capital supply and demand relationship and its changes;
(4) Policy factors, the impact of various policies closely related to the securities market on the market, etc.
When the Fund invests in equity assets, it assesses the systematic risk according to the overall valuation level of the CSI 500 Index
Insurance, so as to determine the investment proportion of equity assets.
At the end of last month, the P/B ratio of the CSI 500 index was over
Quantile of daily P/B ratio in the last 10 years
Share of stock assets in this month
Proportion of fund assets
lower limit
Share of stock assets in this month
Proportion of fund assets
upper limit
90th percentile and above 0% 45%
70th percentile (inclusive) to 90th percentile 20% 65%
20 (inclusive) to 70 30% 75%
50% and 95% below the 20th percentile
2. Stock investment strategy
(1) Industry allocation strategy: the Fund's industry allocation will comprehensively consider various factors, through analysis
Macroeconomy, industrial policy and industry prosperity degree, selected from both qualitative and quantitative perspectives, have good development prospects
Or focus on industries with better prosperity. In terms of qualitative analysis, the Fund operates and
Based on the monitoring of economic boom cycle, from the economic cycle factors, industry development policy factors, industrial structure change trend
Multiple indicators such as potential factors and industry's own boom cycle factors grasp the boom degree changes and
Performance growth trend. At the quantitative analysis level, the Fund plans to make a comprehensive judgment from various financial indicators and valuation indicators
Cut off the prosperity of the industry. Based on the results of qualitative and quantitative analysis, the Fund will determine the allocation proportion of different industries, and
Through the continuous tracking of economic cycle, industry cycle and industry prosperity, dynamically adjust the proportion of industry allocation.
(2) Individual stock investment strategy: on the basis of industry determination, the Fund, through quantitative and qualitative analysis,
Select A-share and Hong Kong stock listed companies with sustainable innovation and growth potential and reasonable valuation from the bottom up
Invest.
1) Quantitative analysis: A series of valuation indicators of the Fund analyze the internal value of listed companies. use
The specific financial indicators mainly include growth rate of main business income, growth rate of net profit, return on net assets, etc
Business indicators, PE, PB, PEG and other valuation indicators.
2) Qualitative analysis: the sustainability of the company's profit growth mainly depends on the company's core competitiveness. Therefore,
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On the basis of quantitative screening, the Fund will grasp the advantages of technology, resources and business model
The quality and sustainability of the company's innovation and profitability, and then judge the sustainability of the company's growth.
(3) Hong Kong stock investment strategy
The Fund will only invest in the Hong Kong stock market through the Shanghai Hong Kong stock market trading interconnection mechanism. Base
Jin will focus on:
1) High quality Chinese companies with industry representation, as well as local listing in Hong Kong, which is rare in A-share market
Companies and foreign companies.
2) Thematic industry stocks in line with mainland policies and investment logic;
3) Compare the quality, valuation level and other factors of similar companies in the individual stock market and A-share market, and select those with quality
Excellent and prosperous company.
The Fund may, according to the needs of its investment strategy or the changes in the market environment of different allocation places, choose to integrate some of the
Gold assets invest in Hong Kong stocks or choose not to invest fund assets in Hong Kong stocks. Fund assets are not necessarily invested in Hong Kong stocks.
3. Bond investment strategy
Security and liquidity are the main concerns of the Fund when investing in bonds. Through in-depth distribution, the Fund
Analysis of macroeconomic data, monetary policy and interest rate trends, as well as yield levels of different categories, and comprehensive consideration
Liquidity, credit risk and other factors, to construct a portfolio of bonds and money market instruments that can provide stable returns.
The Fund's investment in convertible corporate bonds and exchangeable corporate bonds will be based on the following three aspects of analysis:
Value analysis, debt equity analysis and company fundamentals analysis. Through the above analysis, we strive to select one bond value
Invest in varieties with good support, security and liquidity, and the issuer's growth is good.
4. Derivatives investment strategy
The derivatives investment of the Fund will strictly comply with the restrictions of the CSRC and relevant laws and regulations, with reasonable profits
Use derivative instruments such as treasury bond futures and stock index futures to explore possible
Arbitrage opportunities. The investment principle is conducive to the appreciation of fund assets, control of downside risks, and realization of value preservation and income locking.
5. Asset backed securities investment strategy
Asset backed securities mainly include asset-backed securities (ABS) and residential mortgage loan support certificates
Securities such as MBS. The Fund will focus on the market interest rate, terms of issue, composition of supporting assets and
Factors affecting the value of asset-backed securities such as quality, prepayment rate, risk compensation income and market liquidity
Line analysis, assisted by quantitative pricing model, to evaluate the relative investment value of asset-backed securities and make a comparison
Investment decisions should be made.
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4、 Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The proportion of the Fund's stock assets in the Fund's assets is 0% - 95% (including those invested in Hong Kong Stock Standard
The proportion of stocks shall not exceed 50% of stock assets);
(2) At the end of each trading day, the Fund deducts the trading insurance required to pay for stock index futures and treasury bond futures contracts
After the security deposit, the cash or government bonds with maturity within one year shall not be less than 5% of the net asset value of the fund; Among them,
Cash does not include provisions for settlement, deposits and subscription receivables;
(3) The market value of securities issued by a company held by the Fund (if the Fund also holds securities issued by a company
A shares and H shares, the total market value of A shares and H shares shall not exceed 10% of the net asset value of the Fund;
(4) All funds managed by the Fund Manager hold securities issued by one company (if they hold one
A shares and H shares issued by companies are the total market value of A shares and H shares), which does not exceed 10% of the securities;
(5) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10% of net asset value;
(6) The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
(7) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed
10% of the size of asset-backed securities;
(8) Various asset support certificates of all funds managed by the Fund Manager invested in the same original equity holder
Securities shall not exceed 10% of the total size of its various types of asset-backed securities;
(9) The Fund shall invest in asset-backed securities with a credit rating of BBB or above (including BBB). base
During the period when Jin holds asset-backed securities, if its credit rating declines and it no longer meets the investment standards, it shall report it in the rating report
All sales shall be made within 3 months from the date of announcement;
(10) Fund assets participate in share issuance and subscription, and the amount declared by the Fund does not exceed the total capital of the Fund
The number of shares declared by the Fund shall not exceed the total number of shares issued by the company to be issued this time;
(11) The fund balance of the Fund entering the national inter-bank market for bond repurchase shall not exceed
40% of the net asset value of gold, and the maximum term of bond repo in the national inter-bank market is one year,
No extension is allowed after the maturity of bond repurchase;
(12) The total value of the Fund's assets shall not exceed 140% of the Fund's net asset value;
(13) The Fund's participation in the trading of stock index futures and treasury bond futures shall comply with the following provisions:
1) At the end of any trading day, the value of stock index futures contracts purchased held by the Fund shall not exceed that of the Fund
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10% of net asset value;
2) At the end of any trading day, the value of the purchased stock index futures and treasury bond futures contracts held by the Fund
The sum of the market values of the securities shall not exceed 95% of the net asset value of the fund. Among them, marketable securities refer to stocks and bonds
(excluding government bonds with a maturity of less than one year), asset-backed securities, redemptory financial assets for sale (excluding
Pledge repurchase), etc;
3) At the end of any trading day, the value of the sold stock index futures contracts held by the Fund shall not exceed that of the Fund
20% of the total market value of some stocks;
4) The trading amount of the stock index futures contracts traded by the Fund on any trading day (excluding closing positions) does not
May exceed 20% of the net asset value of the Fund on the previous trading day;
5) The market value of stocks held by the Fund and the value of stock index futures contracts purchased and sold, total (netting
It shall comply with the relevant provisions of the fund contract on the proportion of stock investment;
6) At the end of any trading day, the value of treasury bond futures contracts held by the Fund shall not exceed that of the Fund
15% of net asset value;
7) At the end of any trading day, the value of the futures contracts for selling treasury bonds held by the Fund shall not exceed the value of the futures contracts held by the Fund
30% of the total market value of some bonds;
8) Market value and purchase
The total value of the sold treasury bond futures contracts (calculated by netting) should meet the requirements of the fund contract on the proportion of bond investment
Relevant agreements;
9) The transaction amount of treasury bond futures contracts traded by the Fund in any trading day (excluding closing positions) does not
May exceed 30% of the net asset value of the Fund on the previous trading day;
(14) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed the net asset value of the Fund
15% of; Outside the Fund Manager due to fluctuations in the securities market, stock suspension of listed companies, changes in fund size, etc
If the Fund does not meet the proportion limit specified in the preceding paragraph due to factors of
Investment in restricted assets;
(15) All open-ended funds managed by the Fund Manager hold tradable funds issued by a listed company
Shares shall not exceed 15% of the tradable shares of the listed company; All investment groups managed by the Fund Manager
The number of tradable shares jointly held by a listed company shall not exceed 30% of the tradable shares of the listed company;
(16) The Fund, private securities asset management products and other entities recognized by the CSRC are trading pairs
For reverse repurchase transactions, the qualification requirements for acceptable collateral should be consistent with the investment scope agreed in the fund contract
bring into correspondence with;
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(17) The proportion of the Fund's investment in interbank deposit receipts shall not exceed 20% of the Fund's assets;
(18) Other investment restrictions stipulated by laws and regulations, the CSRC and the fund contract.
Except for items (2), (9), (14) and (16), due to fluctuations in securities and futures markets, merger of listed companies
The fund investment ratio does not meet the above specified investment ratio due to factors other than the fund manager, such as fund size change
For example, the fund manager should make adjustment within 10 trading days, but under special circumstances as stipulated by the CSRC
except.
The Fund Manager shall, within six months from the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the fund contract. During the above period, the investment scope and investment strategy of the Fund shall conform to the Fund
Agreement of the contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Agreement.
Laws and regulations or regulatory authorities cancel or adjust the above restrictions. If applicable to the Fund, the Fund Manager is implementing
After proper procedures are followed, the investment of the Fund will no longer be subject to relevant restrictions or in accordance with the adjusted provisions.
2. Prohibited acts
In order to safeguard the legitimate rights and interests of fund share holders, fund assets may not be used for the following investments or activities:
(1) Underwriting securities;
(2) Lending or providing guarantee to others in violation of regulations;
(3) Investment with unlimited liability;
(4) Buying and selling other fund units, except as otherwise stipulated by the CSRC;
(5) Make capital contributions to its fund manager and fund custodian;
(6) Engaging in insider trading, manipulating securities trading prices and other improper securities trading activities;
(7) Other activities prohibited by laws, administrative regulations and the CSRC.
The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders, and the actual control
Securities issued by the issuer or a company with a significant stake in the issuer or securities underwritten during the underwriting period, or
Those engaged in other major related party transactions shall comply with the investment objectives and investment strategies of the Fund and follow the fund share holding
The principle of giving priority to the interests of some people, preventing conflicts of interests, establishing and improving the internal approval mechanism and evaluation mechanism
Implement at a fair and reasonable price. Relevant transactions must be approved by the Fund Custodian in advance and carried out in accordance with laws and regulations
disclosure. Major related party transactions shall be submitted to the Board of Directors of the Fund Manager for review, and more than two-thirds of the independent directors shall
The matter passed. The Board of Directors of the Fund Manager shall review related party transactions at least every six months.
If laws, administrative regulations or regulatory authorities cancel the above prohibitive provisions, if applicable to the Fund
After performing due process, the manager may not be subject to the above provisions.
5、 Performance Benchmark
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Yield of China Securities 500 Index × 60%+yield of Hang Seng Index × 10%+yield of Shanghai Securities National Debt Index ×
30%。
The CSI 500 Index was developed by CSI Index Co., Ltd. The stocks in its sample space are all A-shares
After excluding the constituent stocks of the CSI 300 Index and the top 300 stocks in terms of total market value
It is composed of 500 stocks, comprehensively reflecting the stock price performance of a group of small and medium-sized companies in China's A-share market.
The Hang Seng Index is compiled by Hang Seng Index Service Co., Ltd
The weighted average stock price index, which takes the issue volume as the weight, reflects the price trend of the Hong Kong stock market
The most influential stock index. The Fund selects this index to measure the performance of Hong Kong stock investment.
The Shanghai Securities Bond Index is prepared and released by the China Securities Index Company and listed on the Shanghai Stock Exchange
The fixed rate national debt is a sample, weighted according to the issuance. Its compilation method draws lessons from the mainstream of the international mature market
The compilation method and characteristics of the bond index, taking full account of the current situation of the development of the domestic bond market, are scientific
Rationality, simplicity, and ease of replication. It has a good representation of the bond market.
Based on the investment scope and investment proportion restrictions of the Fund, it is better to select the above performance benchmark
Reflect the risk return characteristics of the Fund.
If the laws and regulations change in the future, or there are other more representative or scientific customers in the securities market
When the benchmark of performance comparison is applicable to the Fund, the Fund Manager can compare the performance according to the actual situation
The benchmark shall be adjusted accordingly. The adjustment of performance benchmark shall be approved by the Fund Custodian and reported to the CSRC for filing and
Make an announcement in advance without convening a general meeting of fund share holders.
6、 Risk return characteristics
The Fund is a hybrid fund with higher expected risks and returns than bond funds and money market funds,
However, it is lower than equity funds.
The Fund can invest in Hong Kong Stock Connect, except that it needs to bear market waves similar to domestic securities investment funds
In addition to general investment risks such as dynamic risks, the Fund also faces exchange rate risks, Hong Kong market risks and other overseas securities markets
Special investment risks faced by market investment.
7、 Principles and methods for the Fund Manager to exercise the rights of shareholders or creditors on behalf of the Fund
1. The Fund Manager shall independently exercise the rights of shareholders or creditors on behalf of the Fund in accordance with relevant national regulations to protect
Interests of fund share holders;
2. Do not seek to control the listed company;
3. It is conducive to the safety and appreciation of fund assets;
4. Not for itself, employees, authorized agents or any interested third party through connected transactions
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Seeking any improper benefits.
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Part X Assets of the Fund
1、 Total Fund Assets
The total value of fund assets refers to the value of various securities and notes purchased, the principal and interest of bank deposits and the amount receivable by the fund
The total value of fund subscription and other investments.
2、 Net Asset Value of the Fund
The net asset value of the Fund refers to the value of the total assets of the Fund minus the liabilities of the Fund.
3、 Account of fund property
The Fund Custodian shall open a capital account and a securities account for the Fund in accordance with relevant laws, regulations and normative documents
And other special accounts required for investment. The special fund account opened with the fund manager, fund custodian
The property accounts owned by the fund sales agency and the fund registration agency and other fund property accounts are independent.
4、 Custody and disposal of fund assets
The assets of the Fund are independent of the assets of the Fund Manager, the Fund Custodian and the Fund Sales Agency, and
Custodian custody. The Fund Manager, the Fund Custodian, the Fund Registration Institution and the Fund Sales Institution shall
The property shall bear its own legal liability, and its creditors shall not apply for freezing, detaining or
His rights. The Fund property may not be disposed of except in accordance with laws and regulations and the Fund Contract.
The Fund Manager and the Fund Custodian are dissolved, canceled or declared bankrupt according to law
In case of liquidation, the fund assets shall not belong to its liquidation assets. The fund manager manages and operates the fund assets
Creditors' rights shall not offset the debts generated from their inherent assets; The fund manager manages and operates the foundations of different funds
The creditor's rights and debts arising from the financial assets shall not offset each other. Debts not borne by the fund property itself shall not
Financial property enforcement.
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Part XI Valuation of Fund Assets
1、 Valuation date
The valuation date of the Fund is the trading date of the relevant securities exchange of the Fund and the national laws and regulations
The non trading day on which it is necessary to disclose the net value of the fund.
2、 Valuation object
Stocks, stock index futures contracts, treasury bond futures contracts, bonds, principal and interest of bank deposits owned by the Fund
Assets and liabilities such as receivables and other investments.
3、 Valuation principles
When determining the fair value of relevant financial assets and financial liabilities, the Fund Manager shall comply with the Accounting for Business Enterprises
Standards and relevant regulations of the regulatory authorities.
（1） For investment varieties with active market and the same asset or liability quotation available
If there is a quotation, the quotation shall be applied to the asset or
Fair value measurement of liabilities. There is no quotation on the valuation date and there is no impact on fair value measurement after the most recent transaction date
For major events, the quoted price on the latest trading day shall be used to determine the fair value. There is sufficient evidence that the valuation date or
If the quotation on the recent trading day cannot truly reflect the fair value, the quotation shall be adjusted to determine the fair value.
The fair value of the same assets or liabilities shall be taken as
And consider the influence of different characteristic factors in valuation techniques. Feature refers to the restriction on the sale or use of assets
If the restriction is aimed at asset holders, the restriction should not be taken as a feature in valuation techniques
consider. In addition, the fund manager shall not consider the premium or discount arising from its large holding of relevant assets or liabilities
Price.
（2） For investment varieties that do not have an active market, they should be suitable for the current situation and have sufficient
The fair value is determined by valuation techniques supported by data and other information. Use valuation techniques to determine fair value
The observable input value shall be used preferentially, only when the observable input value of relevant assets or liabilities cannot be obtained or
The unobservable input value can be used only when it is impractical.
（3） In case of major changes in the economic environment or major events affecting the securities price of the securities issuer,
If the impact of potential valuation adjustment on the net asset value of the fund on the previous valuation date is more than 0.25%, the valuation shall be
Adjust and determine the fair value.
4、 Valuation method
1. Valuation of securities listed on stock exchanges
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(1) Securities (including stocks, etc.) listed on the stock exchange
Market price (closing price) valuation; There is no transaction on the valuation date, and the economic environment has not changed significantly since the most recent transaction date
Or if there is no major event that affects the securities price, the market price (closing price) of the most recent trading day
Valuation; If the economic environment has changed significantly after the recent trading day or the securities issuer has affected the securities price
In case of serious events, recent transactions can be adjusted by referring to the current market price and major change factors of similar investment varieties
Market price, determining the fair price;
(2) The third party on the valuation date shall be selected for the non equity fixed income varieties listed or transferred by the Exchange
The net valuation price of the corresponding varieties on the current day provided by the valuation agency for valuation;
(3) The third party shall be selected to evaluate the fixed income varieties with rights listed or transferred by the Exchange on the valuation date
The only estimated net price or the recommended estimated net price of the corresponding variety provided by the value agency on the current day;
(4) For convertible bonds listed and traded on the Exchange, the full valuation price shall be the daily closing price;
(5) The fair value of the securities listed on the Exchange without an active market shall be determined by valuation techniques.
The fair value of asset-backed securities listed and transferred in the exchange market shall be determined by valuation techniques;
(6) For unlisted or unlisted bonds issued in the exchange market, and for the existence of an active market
In this case, the unadjusted quotation in the active market shall be taken as the fair value on the valuation date; For active market quotation
If it fails to represent the fair value on the valuation date, the market quotation shall be adjusted to confirm the fair value on the valuation date
Value; If there are no or few market activities, valuation techniques should be used to determine the fair value
Value.
2. The securities in the unlisted period shall be handled according to the following circumstances:
(1) The shares that are distributed, converted into shares, allotted and issued to the public shall be listed on the stock exchange on the valuation date
Valuation method of the same stock; If there is no transaction on that day, the market price (closing price) of the latest day shall be used for valuation;
(2) For the initial public offering of unlisted or unlisted transferred stocks and bonds, valuation techniques are used to determine
Allowable value, which is valued at cost when it is difficult to reliably measure the fair value by valuation technology;
(3) The shares with a certain period of restricted sale shall be specified at the time of issuance, including but not limited to non-public issuance of shares
During the initial public offering of shares, the company's shareholders offered shares to the public, and obtained shares with limited sales period through block trading
Notes, excluding tradable restricted stocks such as suspended trading, newly issued unlisted, pledged bonds in repurchase transactions, etc
The fair value is determined according to the relevant regulations of institutions or industry associations.
3. Valuation of transaction varieties in the national inter-bank market
(1) The fixed income varieties without rights in the national inter-bank market are provided by third-party valuation agencies
The estimated net price of the corresponding variety on the current day. For the types of fixed income with rights in the inter-bank market
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The only estimated net price or the recommended estimated net price on the current day of the corresponding varieties provided by the valuation agency. For investment included
For the fixed income variety of the investor's right to sell back, the basis for not exercising the right to sell back after the deadline (including the date) of the registration period
The price corresponding to the long outstanding period is estimated.
(2) For bonds that are not listed in the inter-bank market and the third-party valuation agency does not provide valuation prices
There is no significant difference between the bank interest rate and the secondary market interest rate, and there is no significant change in the market interest rate during the unlisted period
In the case of, estimate at cost.
4. If the same security is traded in two or more markets at the same time, it shall be valued separately according to the market in which the security is located.
5. The Fund's investment in stock index futures and treasury bond futures contracts is valued at the settlement price on the valuation day
If there is no settlement price on the current day, and the economic environment has not changed significantly since the latest trading day, the settlement on the latest trading day shall be adopted
Valuation. If laws and regulations provide otherwise in the future, such provisions shall prevail.
6. In case of large amount subscription or redemption, the fund manager can adopt the swing pricing mechanism to ensure
To ensure the fairness of fund valuation.
7. If the exchange rate between Hong Kong dollar and RMB is involved in the valuation calculation, it will be based on the
Exchange rate as the benchmark: the middle rate between RMB and Hong Kong dollar published by the People's Bank of China on that day.
8. If there is conclusive evidence that the original method of valuation cannot objectively reflect the fairness of the above assets or liabilities
The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances
Method valuation.
9. If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there are new items, press
The latest national regulations on valuation.
If the fund manager or the fund custodian finds that the fund valuation violates the valuation method and procedure specified in the fund contract
In case of the provisions of relevant laws and regulations or failure to fully protect the interests of fund share holders, it shall immediately notify
The other party shall jointly find out the cause, and the two parties shall solve it through consultation.
According to relevant laws and regulations, the obligations of the Fund Manager to calculate the net asset value of the Fund and to conduct financial accounting of the Fund are
Undertake. The fund manager is responsible for the fund accounting of the Fund. Therefore, the accounting related to the Fund
If the relevant parties still cannot reach an agreement after full discussion on the basis of equality
The Manager shall publish the calculation results of the net asset value of the Fund.
5、 Valuation procedures
1. The net value of various fund units is calculated by dividing the net value of such fund assets by the current day after the market is closed on each working day
The balance of such fund units shall be calculated to the nearest 0.0001 yuan and rounded to the fifth decimal place. as
The confirmation of investors' subscription or redemption according to the net value of the units with the above reserved digits may cause fund units
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If the net value fluctuates sharply, the Fund Manager and the Fund Custodian reach an agreement to safeguard the interests of the Fund Unitholders
After that, the number of reserved digits of the net value of fund units can be temporarily increased and confirmed accordingly, and will be
Recovery. The specific reserved digits shall be subject to the announcement at that time. If the state has other provisions, such provisions shall prevail.
The Fund Manager shall calculate the net asset value of the Fund and the net value of various fund units on each working day, and shall publish
Notice.
2. The Fund Manager shall evaluate the assets of the Fund every working day. However, the Fund Manager shall, in accordance with laws, regulations or
Except when the valuation is suspended as stipulated in the fund contract. After the fund manager evaluates the fund assets every working day
The net value results of Class A fund units are sent to the Fund Custodian, and after the Fund Custodian has verified them to be correct, the Fund Manager shall
Public announcement.
6、 Handling of valuation errors
The Fund Manager and the Fund Custodian will take necessary, appropriate and reasonable measures to ensure the valuation of the Fund assets
Accuracy and timeliness. When the valuation error occurs within 4 decimal places (including the 4th decimal place) of the net value of fund units,
It shall be deemed that the net value of fund units is wrong.
The parties to the fund contract shall deal with it in accordance with the following provisions:
1. Type of valuation error
During the operation of the Fund, if the Fund Manager or the Fund Custodian, or the registration authority, or the sales
If the valuation error is caused by the fault of the institution or the investor itself, causing losses to other parties, the fault liability
The Employer shall apply the following "valuation error" to the direct losses of the party suffering losses due to the valuation error ("the injured party")
The principle of mishandling "shall be compensated and liable for compensation.
The main types of the above valuation errors include but are not limited to: data declaration errors, data transmission errors, data
Calculation error, system failure error, order issuing error, etc.
2. Principles for handling valuation errors
(1) When the valuation error has occurred but has not caused losses to the parties, the party responsible for the valuation error shall promptly
Coordinate all parties to correct the valuation errors in a timely manner, and the costs arising from the correction of valuation errors shall be borne by the party responsible for the valuation errors; from
If the party responsible for the valuation error fails to correct the valuation error that has occurred in time, causing losses to the party concerned, the valuation error
The party responsible for the error shall be liable for compensation for direct losses; If the responsible party for the valuation error has actively coordinated and assisted
If the party under the obligation has enough time to make corrections but fails to make corrections, it shall bear corresponding liability for compensation. Valuation
The party responsible for the error shall confirm the correction to the relevant parties to ensure that the valuation error has been corrected.
(2) The party responsible for the valuation error shall be responsible for the direct losses of the parties concerned, not for the indirect losses,
And it is only responsible for the direct parties involved in the valuation error, not the third party.
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(3) The party who has obtained the unjust enrichment due to the valuation error has the obligation to return the unjust enrichment in a timely manner. but
The party responsible for the valuation error shall still be responsible for the valuation error. If the party who has obtained the unjust enrichment does not return or
If the interests of other parties are lost due to the failure to fully return the unjust enrichment (the "injured party"), the party responsible for the valuation error shall
Compensate for the losses of the injured party, and share with the party who gains improper benefits within the compensation amount paid
Have the right to demand the delivery of unjust enrichment; If the party who obtained the unjust enrichment has wrongly benefited this part
If it is returned to the injured party, the injured party shall add the amount of compensation it has received to the amount of unjust enrichment it has received
The difference between the sum of returns and the actual loss shall be paid to the party responsible for the valuation error.
(4) The adjustment of valuation errors shall be made in the way of recovering to the correct situation assuming no valuation errors.
3. Valuation error handling procedure
After the valuation error is found, the relevant parties shall deal with it in a timely manner, and the handling procedures are as follows:
(1) Find out the causes of valuation errors, list all parties involved, and
Determine the responsible party for the valuation error;
(2) According to the principle of handling valuation errors or the method negotiated by the parties
Line assessment;
(3) The responsible party for valuation errors shall make corrections according to the principle of handling valuation errors or the method negotiated by the parties
Zhenghe compensates for losses;
(4) If it is necessary to modify the transaction data of the registration agency according to the method of handling valuation errors, the registration agency shall
Make corrections and confirm the correction of valuation errors to relevant parties.
4. The method for handling errors in the valuation of the net value of fund units is as follows:
(1) In case of any error in the calculation of the net value of fund units, the Fund Manager shall immediately correct it and notify the Fund Manager
And take reasonable measures to prevent further expansion of losses.
(2) When the error deviation reaches 0.25% of the net value of fund units, the fund manager shall notify the fund custodian
And report to the CSRC for filing; When the error deviation reaches 0.50% of the net value of fund units, the fund manager shall
Announce and report to the CSRC for record.
(3) If the above contents are otherwise stipulated by laws and regulations or the regulatory authority, they shall be handled in accordance with their provisions. If the industry
In other general practice, the Fund Manager and the Fund Custodian shall act on the basis of equality and protect the interests of Fund Unitholders
The principle of consultation.
7、 Suspension of valuation
1. The securities/futures trading market involved in the fund investment is suspended from business on statutory holidays or for other reasons
Hour;
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2. The Fund Manager and the Fund Custodian are unable to accurately assess the value of the Fund assets due to force majeure;
3. There is no active market price for the assets with more than 50% of the net asset value of the fund on the current valuation date
And if the use of valuation techniques still leads to significant uncertainty in the fair value, it shall be confirmed through consultation with the Fund Custodian
After that, the Fund Manager shall suspend the valuation;
4. Other circumstances identified by the CSRC and the fund contract.
8、 Recognition of net fund value
The net value of fund assets for fund information disclosure and the net value of fund units of various fund units are managed by the fund
The Manager shall be responsible for calculation and the Fund Custodian shall be responsible for review. The Fund Manager shall
Calculate the net asset value of the Fund on the current day and the net asset value of the Fund units of all types of Fund units and send them to the Fund Custodian.
The Fund Custodian shall recheck and confirm the net value calculation result and send it to the Fund Manager, who shall
The net value is published.
9、 Handling of special cases
1. Errors caused by the Fund Manager or the Fund Custodian when conducting valuation according to Item 8 of the valuation method
It shall not be treated as a fund asset valuation error.
2. Due to force majeure, or data errors sent by securities and futures exchanges and their registration and clearing companies, etc
Cause: Although the Fund Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures for inspection,
However, if the error is not found, the resulting valuation error of the fund assets, the fund manager and the fund custodian
The liability for compensation can be exempted. However, the Fund Manager and the Fund Custodian shall actively take necessary measures to eliminate or reduce
Lighten the impact.
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Part XII Income and Distribution of the Fund
1、 Composition of fund profits
Fund profit refers to fund interest income, investment income, income from changes in fair value and other income deduction
As for the balance after expenses, the realized income of the fund refers to the balance of the fund profit minus the income from changes in fair value.
2、 Profit available for distribution of the fund
The distributable profit of the fund refers to the undistributed profit and undistributed profit of the fund as of the base date of income distribution
The lower of the realized benefits.
3、 Principle of fund income distribution
1. There are two ways of income distribution of the Fund: cash dividends and dividend reinvestment. Investors can choose cash
Dividends or reinvestment of cash dividends automatically into fund units of corresponding categories; If the investor does not choose, this
The default income distribution method of the fund is cash dividends;
2. After the distribution of fund income, the net value of fund units shall not be lower than the par value, that is, each
The net value of Class II fund units less the amount of income distribution per unit of such fund units cannot be lower than the par value;
3. As Class A fund units of the Fund do not charge sales service fees, while Class C fund units charge sales
Service fees. The distributable profits corresponding to each fund share category will be different
Fund units enjoy equal distribution rights;
4. If laws and regulations or regulatory authorities have other provisions, such provisions shall prevail.
In the case of no material adverse effect on the interests of fund share holders, the Fund Manager may
Adjust the above fund income points as appropriate after performing the appropriate procedures as required by the regulatory authorities, provided that the regulations allow
In principle, this adjustment does not need to convene a general meeting of fund share holders, but should be made in the designated media before the change implementation date
Referral announcement.
4、 Income distribution scheme
The fund income distribution plan shall specify the distributable profits and fund income as of the base date of income distribution
Distribution object, distribution time, distribution amount and proportion, distribution method, etc.
5、 Determination, announcement and implementation of income distribution plan
The income distribution plan of the Fund shall be formulated by the Fund Manager and reviewed by the Fund Custodian within 2 days
Specify media announcements.
6、 Expenses incurred in fund income distribution
The bank transfer or other handling fees incurred in the distribution of fund income shall be borne by the investors themselves. Dang Tou
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When the cash dividend of the investor is less than a certain amount and is insufficient to pay the bank transfer or other handling fees, the fund shall be registered
An institution may automatically convert the cash dividends of fund share holders into corresponding fund shares. Dividend reinvestment
The calculation method of is subject to the Business Rules.
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Part XIII Fund Fees and Taxes
1、 Types of fund fees
1. Management fees of the Fund Manager;
2. Custody fees of the Fund Custodian;
3. Sales service fees for Class C fund units;
4. Information disclosure fees related to the Fund after the Fund Contract takes effect;
5. Accounting fees, attorney fees, legal fees and arbitration fees related to the Fund after the Fund Contract takes effect;
6. Expenses for the general meeting of fund share holders;
7. Securities and futures trading expenses of the Fund;
8. Bank transfer fees of the Fund;
9. Fund account opening fees and account maintenance fees;
10. All reasonable expenses arising from investment in Hong Kong stocks;
11. Other expenses that may be disbursed from the fund assets in accordance with the relevant provisions of the State and the provisions of the fund contract.
2、 Fund expense accrual method, accrual standard and payment method
1. Management fee of fund manager
The management fee of the Fund is accrued at an annual fee rate of 0.60% of the net asset value of the Fund on the previous day. Calculation party of management fee
The method is as follows:
H ＝ E × 0.60% ÷ days of the year
H is the daily accrued fund management fee
E is the net asset value of the fund on the previous day
The fund management fee is calculated daily, accumulated to the end of each month day by day, and paid monthly
After the custodian has checked the consistency, he/she shall, within 5 working days from the first day of the next month in a way agreed by both parties
It shall be paid to the fund manager at a time. If the payment cannot be made on time due to legal holidays, public holidays or force majeure,
The payment date shall be postponed.
2. Custody fees of the Fund Custodian
The custody fee of the Fund is accrued at an annual fee rate of 0.10% of the net asset value of the Fund on the previous day. Calculation of Custody Fee
The method is as follows:
H ＝ E × 0.10% ÷ days of the year
H is the fund custody fee that should be accrued every day
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E is the net asset value of the fund on the previous day
The fund custody fee is calculated daily, accumulated to the end of each month day by day, and paid monthly
After the custodian has checked the consistency, he/she shall, within 5 working days from the first day of the next month in a way agreed by both parties
Secondary withdrawal. If the payment cannot be made on time due to legal holidays, public holidays or force majeure, the payment date shall be in the order of
Extension.
3. Sales service fees for Class C fund units
There is no sales service fee for Class A fund units of the Fund, and the sales service fee for Class C fund units is annual
The rate is 0.30%.
The sales service fee for Class C fund units shall be 0.30% of the net asset value of Class C fund units on the previous day
Accrual of annual fee rate. The calculation method is as follows:
H ＝ E × 0.30% ÷ days of the year
H is the daily accrued sales service fee for Class C fund units
E is the net asset value of the fund on the previous day for Class C fund units
The sales service fee for Class C fund units is calculated daily, accumulated to the end of each month day by day, and paid monthly
After the Manager and the Fund Custodian have checked their consistency, they shall, within 5 working days from the first day of the next month
The fund property shall be paid to the registration authority in a lump sum, and the registration authority shall pay to each fund sales agency separately. if
If the payment cannot be made on time due to legal holidays, public holidays or force majeure, the payment date shall be postponed.
The sales service fee for Class C fund units will be used exclusively for the promotion and sale of the Fund and the holding of fund units
Human service.
Items 4-11 of the above "I. Types of Fund Fees" shall be paid in accordance with relevant regulations and corresponding agreements
It shall be included in the current expenses according to the actual amount of expenses, which shall be paid by the Fund Custodian from the Fund assets.
3、 Items not included in fund expenses
The following expenses are not included in the fund expenses:
1. Expenses or funds incurred by the Fund Manager and the Fund Custodian due to failure to perform or fail to fully perform their obligations
Loss of gold property;
2. Expenses incurred by the Fund Manager and the Fund Custodian in handling matters unrelated to the operation of the Fund;
3. Relevant expenses before the Fund Contract comes into effect;
4. Other items that may not be included in the fund fees according to the relevant laws and regulations and the relevant provisions of the CSRC.
4、 Fund tax
All taxpayers involved in the operation of the Fund shall pay taxes in accordance with national tax laws and regulations.
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The fund share holders shall bear the taxes related to the investment of fund assets, and the fund manager or other withholding obligations
People shall withhold and remit taxes in accordance with the relevant provisions of the state on tax collection.
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Part XIV Accounting and Audit of the Fund
1、 Fund accounting policy
1. The Fund Manager is the fund accounting responsible party of the Fund;
2. The accounting year of the Fund is from January 1 to December 31 of the Gregorian calendar year; The first fund raising meeting
The accounting year shall follow the following principles: if the fund contract takes effect for less than 2 months, it can be incorporated into the next accounting year;
3. The bookkeeping base currency for fund accounting is RMB yuan, and the bookkeeping unit is RMB yuan;
4. The accounting system shall implement the relevant national accounting system;
5. The Fund establishes accounts and accounts independently;
6. The Fund Manager and the Fund Custodian respectively keep complete accounting accounts and vouchers and conduct daily meetings
Accounting and preparation of fund accounting statements in accordance with relevant regulations;
7. The Fund Custodian shall check with the Fund Manager on the accounting and statement preparation of the Fund every month and
Confirmed in writing.
2、 Annual audit of the Fund
1. The Fund Manager shall employ securities and futures that are mutually independent from the Fund Manager and the Fund Custodian
Certified public accountants with relevant business qualifications and their certified public accountants shall audit the annual financial statements of the Fund.
2. An accounting firm shall obtain the prior consent of the fund manager to change its certified public accountant.
3. The Fund Manager shall notify the Fund Custodian if it believes that there is sufficient reason to change the accounting firm. replace
The accounting firm shall make announcement on the designated media within 2 days.
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Part XV Information Disclosure of the Fund
1、 The information disclosure of the Fund shall comply with the Fund Law, the Operating Measures, the Information Disclosure Measures
Provisions on Dynamic Risk Management, Fund Contract and other relevant provisions.
2、 Information disclosure obligor
The information disclosure obligors of the Fund include the Fund Manager, the Fund Custodian and the convener of the Fund unit holders
The fund share holders of the CSRC and other laws and regulations, as well as the natural persons, legal persons and unincorporated organizations specified by the CSRC.
The information disclosure obligor of the Fund takes the protection of the interests of fund share holders as the fundamental starting point, and in accordance with the law
Disclose fund information in accordance with regulations and the provisions of the CSRC, and ensure the authenticity, accuracy and completeness of the information disclosed
Integrity, timeliness, simplicity and accessibility.
The information disclosure obligor of the Fund shall, within the time specified by the CSRC, submit the fund letter that should be disclosed
Through the national newspapers and periodicals designated by the CSRC (hereinafter referred to as "designated newspapers and periodicals") and designated Internet websites
(hereinafter referred to as the "designated website", including the website of the fund manager, the website of the fund custodian, and the CSRC
Golden Electronic Disclosure Website) and other media, and ensure that fund investors can
To consult or copy publicly disclosed information.
3、 The Fund information disclosed by the Fund Information Disclosure Obligor shall not commit the following acts:
1. False records, misleading statements or major omissions;
2. To predict the performance of securities investment;
3. Committing gains or bearing losses in violation of regulations;
4. Slander other fund managers, fund custodians or fund sales agencies;
5. Publish congratulatory, complimentary or recommendatory words of any natural person, legal person or unincorporated organization;
6. Other acts prohibited by the CSRC.
4、 The information publicly disclosed by the Fund shall be in Chinese. If the foreign language text is used at the same time, the fund letter
The information disclosure obligor shall ensure that the contents of different texts are consistent. In case of ambiguity between different texts, the Chinese version shall prevail
Shall prevail.
The information publicly disclosed by the Fund shall be in Arabic numerals; Unless otherwise specified, the monetary unit is RMB.
5、 Publicly disclosed fund information
The publicly disclosed fund information includes:
（1） Fund contract, custody agreement, prospectus, summary of fund product information
1. The fund contract is to define the rights and obligations of the parties to the fund contract, and define the fund share holdings
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The rules and specific procedures for the convening of the general meeting, stating that the characteristics of the fund products involve significant interests of fund investors
Legal documents on beneficial matters.
2. The prospectus of the fund shall disclose to the maximum extent all matters that affect the decisions of the fund investors, saying that
Specify fund subscription, purchase and redemption arrangements, fund investment, fund product characteristics, risk disclosure, information disclosure and
Services for Fund Unitholders, etc. After the Fund Contract comes into effect, the information in the Fund Prospectus has changed significantly
Furthermore, the Fund Manager shall update the Fund Prospectus and publish it on the designated website within three working days;
If other information in the prospectus changes, the fund manager shall update it at least once a year. Fund termination
The Fund Manager will not update the Prospectus of the Fund.
3. The Fund Custody Agreement is to define the fund custodian and fund manager in the custody of fund assets and fund operation
Legal documents of rights and obligations in supervision and other activities.
4. The fund product information summary is the summary document of the fund prospectus, which is used to provide investors with a concise
Fund profile for. After the Fund Agreement comes into force, if the information in the Fund product information summary has changed significantly
The fund manager shall, within three working days, update the summary of fund product information and publish it on the designated website and the fund
Website or business outlet of sales agency; In case of any change in other information of the fund product information summary, the fund manager shall
Update less once a year. If the Fund terminates its operation, the Fund Manager will no longer update the summary of fund product information.
After the application for fund raising has been registered by the CSRC, the fund manager shall, within three days of the sale of the fund units
Before, publish the offering announcement of fund units, the indicative announcement of fund prospectus and the indicative announcement of fund contracts
On designated newspapers and periodicals, publish the fund unit sale announcement, fund prospectus, fund product information summary, fund
The contract and fund custody agreement are published on the designated website, and the summary of fund product information is published on fund sales
Institutional website or business outlet; The Fund Custodian shall simultaneously publish the Fund Agreement and the Fund Custodian Agreement on the website
On.
（2） Fund Unit Offering Announcement
The Fund Manager shall prepare an announcement on the sale of fund units on the specific matters concerning the sale of fund units, and
The prospectus was published on the designated media on the day of disclosure.
（3） Announcement on the Effectiveness of the Fund Contract
The Fund Manager shall, on the next day after receiving the confirmation document from the CSRC, publish the Fund on the designated media
Announcement of the effectiveness of the Contract.
（4） Net fund value information
After the Fund Contract comes into force, and before starting to handle the subscription or redemption of fund units, the Fund Manager shall at least
The net value of various fund units and the cumulative net value of fund units shall be disclosed once a week on the designated website.
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After starting to handle the subscription or redemption of fund units, the fund manager shall
On the next day of, disclose all kinds of fund shares on the opening day through the designated website, fund sales agency website or business outlets
Net amount and accumulated net value of fund units.
The Fund Manager shall disclose the semi annual report on the designated website no later than the next day after the last day of the semi annual report and the annual report
Net value of various fund units and accumulated net value of fund units on the year and the last day of the year.
（5） Subscription and redemption price of fund units
The Fund Manager shall upload the application for fund shares in the fund contract, prospectus and other information disclosure documents
Calculation method of purchase and redemption price and relevant purchase and redemption rate, and ensure that investors can
Check or copy the above information through website or business outlet.
（6） Regular reports of the Fund, including annual reports, interim reports and quarterly reports of the Fund
The Fund Manager shall, within three months from the end of each year, prepare and complete the annual report of the Fund
The report is published on the designated website, and the advisory announcement of the annual report is published on the designated newspaper. Fund Annual Report
The financial and accounting reports in the report shall be audited by an accounting firm with securities and futures related business qualifications.
The Fund Manager shall, within two months from the end of the first half of the year, prepare and complete the interim report of the Fund
The interim report is published on the designated website, and the indicative announcement of the interim report is published on the designated newspaper.
The Fund Manager shall complete the quarterly report of the Fund within 15 working days from the end of the quarter,
Publish the quarterly report on the designated website, and publish the prompt announcement of the quarterly report on the designated newspaper.
If the Fund Contract takes effect less than two months ago, the Fund Manager may not prepare the current quarterly report and interim report
Report or annual report.
If a single investor holds 20% or more of the total fund shares during the reporting period,
In order to protect the rights and interests of other investors, the Fund Manager shall at least report to the Fund on a regular basis that "affects the decisions of investors
The investor's category, held shares and proportion at the end of the reporting period
Changes in holdings and unique risks of the Fund, except for special circumstances recognized by the CSRC.
The Fund Manager shall disclose the fund portfolio assets and their flows in the Fund's annual report and interim report
Dynamic risk analysis, etc.
（7） Interim report
If a major event occurs to the Fund, the relevant information disclosure obligor shall prepare an interim report within 2 days, and
Published in designated newspapers and websites.
The term "major event" as mentioned in the preceding paragraph refers to the possible impact on the rights and interests of fund unit holders or the price of fund units
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The following events with significant impact:
1. The convening and decisions of the general meeting of fund share holders;
2. Fund contract termination and fund liquidation;
3. Conversion of fund operation mode and fund merger;
4. Change of fund manager, fund custodian, fund share registration agency, and change of accounting services for the fund
Institute;
5. The fund manager entrusts the fund service agency to handle the registration, accounting, valuation and other matters of fund shares on its behalf
The fund custodian entrusts the fund service institution to handle the accounting, valuation, review and other matters of the fund on its behalf;
6. The legal names and addresses of the Fund Manager and the Fund Custodian have changed;
7. The Fund Manager changes the shareholders holding more than 5% of the equity and the actual controller of the Fund Manager
Change;
8. The fund raising period is extended or the fund raising is terminated in advance;
9. The senior management of the fund manager, the fund manager and the special fund custody department of the fund custodian are responsible for
The responsible person changes;
10. If the directors of the Fund Manager have changed by more than 50% in the last 12 months, the Fund Manager
The main business personnel of the Fund Custodian's Fund Custody Department have changed by more than 30% in the last 12 months;
11. Litigation or arbitration involving fund property, fund management business and fund custody business;
12. The fund manager or its senior managers or fund managers are seriously affected by the fund management business related behaviors
Major administrative punishment, criminal punishment, fund custodian or the head of its special fund custody department
Relevant behaviors are subject to major administrative punishment and criminal punishment;
13. The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by an international controller or a company with a significant stake in it or securities underwritten during the underwriting period,
Or engage in other major connected transactions, unless otherwise stipulated by the CSRC;
14. Fund income distribution matters;
15. Management fee, custody fee, subscription fee, redemption fee, sales service fee of Class C fund units and other fees
The accrual standard, accrual method and rate have changed;
16. The valuation error of the net value of fund units reaches 0.5% of the net value of fund units;
17. The Fund begins to handle subscription and redemption;
18. The Fund is redeemed in large amount and postponed;
19. The Fund has successively made major redemptions and suspended the acceptance of redemption applications or deferred the payment of redemption funds;
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20. The Fund suspends accepting subscription and redemption applications or re accepts subscription and redemption applications;
21. Add or adjust the setting of the fund unit category;
22. Major events involving adjustment of fund subscription and redemption events or potential impact on investors' redemption occur;
23. The Fund Manager adopts the swing pricing mechanism for valuation;
24. Number of fund share holders for 30, 40 and 45 consecutive working days
Less than 200 persons or the net asset value of the fund is less than 50 million yuan;
25. The price that the Fund Information Disclosure Obligor believes may be paid to the rights and interests of Fund Unitholders or Fund Units
Other matters that have a significant impact or other matters specified by the CSRC.
（8） Clarification announcement
During the duration of the Fund Agreement, any news appearing in any public media or circulating in the market may
Can have a misleading impact on the price of fund units or cause major fluctuations, and may damage fund units
If the rights and interests of the holder are known, the relevant information disclosure obligor shall immediately make public clarification on the information and
The relevant information shall be reported to the CSRC immediately.
（9） Liquidation report
If the fund contract is terminated, the fund manager shall organize a fund assets liquidation team to conduct a review of the fund assets in accordance with the law
Bank liquidation and make liquidation report. The fund assets liquidation group shall publish the liquidation report on the designated website, and
Publish the suggestive announcement of the liquidation report on the designated newspaper.
（10） Resolution of the general meeting of fund share holders
The matters decided by the general meeting of fund unit holders shall be reported to the CSRC for record and announced in accordance with the law.
（11） Information disclosure of investment asset-backed securities
The Fund Manager shall disclose the total amount of asset-backed securities held by it
The proportion of the market value of asset-backed securities in the net assets of the fund and the details of all asset-backed securities during the reporting period.
The Fund Manager shall disclose the total amount of asset-backed securities and asset-backed securities held by it in the quarterly report of the Fund
The proportion of the market value of securities in the net assets of the fund and the top ranking by the proportion of the market value in the net assets of the fund at the end of the reporting period
Details of 10 asset-backed securities.
（12） Information disclosure of fund investment in stock index futures
The Fund Manager's quarterly report, interim report, annual report and other regular reports and prospectus (updated)
And other documents, including investment policies, positions, profits and losses, and risk indicators
And fully reveal the impact of stock index futures trading on the overall risk of the fund and whether it conforms to the established investment policies
Policies and investment objectives.
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（13） Information disclosure of investment in treasury bond futures
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports and prospectuses
New) and other documents, including investment policies, positions, profits and losses, and risks
Indicators, and fully reveal the impact of treasury bond futures trading on the overall risk of the fund and whether it conforms to the established investment
Investment policies and investment objectives.
（14） Information disclosure of investment in Hong Kong stocks
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports and prospectuses
New), etc.
（15） Other information specified by the CSRC.
6、 Information disclosure management
The Fund Manager and the Fund Custodian shall establish and improve the information disclosure management system, designate special departments and
Level management personnel are responsible for managing information disclosure affairs.
The public disclosure of fund information by the fund information disclosure obligor shall comply with the relevant fund information of the CSRC
The disclosure content and format standards and other regulations.
The Fund Custodian shall, in accordance with the relevant laws and regulations, the provisions of the CSRC and the provisions of the Fund Contract
Net value of fund assets, net value of various fund units, purchase and redemption price of fund units
Financial periodic report, updated prospectus, fund product information summary, fund liquidation report and other public disclosures
Relevant fund information shall be reviewed and verified, and confirmed in writing or electronically to the fund manager.
The Fund Manager and the Fund Custodian shall choose one of the designated newspapers to disclose the information of the Fund. base
The fund manager and the fund custodian shall submit the fund letter to be disclosed to the electronic fund disclosure website of the CSRC
And ensure that the information submitted is true, accurate, complete and timely.
In addition to disclosing information on the designated media according to law, the Fund Manager and the Fund Custodian may, as required
Other public media disclose information, but other public media shall not disclose information earlier than the designated media, and
The content of the same information disclosed on the same media shall be consistent.
In addition to disclosing information as required by laws and regulations, fund managers and fund custodians can also focus on serving investors
From the perspective of making decisions to provide useful information, we should ensure that investors are treated fairly, not mislead investors, and not affect the positive
On the premise of constant investment and operation, the quality of information disclosure service should be improved independently. The specific requirements shall comply with China Securities Regulatory Commission
And the relevant provisions of the self-discipline rules. In case of any information disclosure fee arising from the aforesaid independent disclosure, such fee shall not be paid from the fund
Expenditures in property.
Special purpose of issuing audit report and legal opinion for the fund information publicly disclosed by the fund information disclosure obligor
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The business institution shall prepare working papers and keep relevant files for at least 10 years after the termination of the fund contract.
7、 Storage and reference of information disclosure documents
After the release of the information that must be disclosed according to law, the Fund Manager and the Fund Custodian shall comply with relevant laws and regulations
It is stipulated that the information shall be kept at the company's domicile for public reference and reproduction.
8、 Suspension or delay of disclosure of fund information
The Fund Manager and the Fund Custodian may suspend or delay the disclosure of fund related letters in the following circumstances
Information:
(1) Force majeure;
(2) Valuation suspension occurs;
(3) Other circumstances stipulated by laws and regulations, the CSRC or the fund contract.
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Part XVI Risk Disclosure
Securities investment fund (hereinafter referred to as "fund") is a long-term investment tool whose main function is to diversify
Investment, reduce the individual risk brought by investing in a single security. Fund is different from bank savings and bonds
For financial instruments for fixed income expectation, investors may share fund investment according to their shares when they purchase funds
The income generated may also bear the losses caused by the fund investment.
The fund may face various risks in the process of investment operation, including market risks and the fund itself
Management risk, technical risk and compliance risk. Huge redemption risk is a unique wind of open-end funds
For the Fund, a large redemption means that the net redemption application of the Fund shares on a single trading day exceeds the previous one
10% of the total fund shares on the release date, investors may not be able to redeem all fund shares held in a timely manner.
Funds are divided into stock funds, hybrid funds, bond funds, money market funds and other different types. Investors
Investing in different types of funds will obtain different income expectations, and will also bear different degrees of risk. In general,
The higher the expected return of the fund, the greater the risk that investors will bear.
Investors should carefully read the fund contract, prospectus and other fund legal documents to understand the risks of the fund
Return characteristics, and judge whether the fund is
Whether it is compatible with the risk tolerance of investors.
Investors should fully understand the difference between the regular and fixed investment of the fund and the fractional deposit and withdrawal. regular
Quota investment is a simple and easy way to guide investors to make long-term investment and average investment cost.
However, regular and quota investment cannot avoid the inherent risks of fund investment and can not guarantee that investors can obtain returns,
It is not an equivalent financing method to replace savings.
The Fund Manager promises to manage and use the Fund assets in the principle of good faith, diligence and responsibility, but does not guarantee that
The Fund is certain to be profitable and does not guarantee a minimum return. The past performance and net value of the fund do not indicate that it has not
The performance of other funds managed by the Fund Manager does not constitute a guarantee for the performance of the Fund.
The fund manager reminds investors of the principle of "buyer's responsibility" for fund investment. After making investment decisions, the fund will operate
The investor shall bear the investment risk caused by the change of business status and fund net value.
The investor shall apply for and redeem through the fund manager or other institutions with fund sales business qualification
For the list of funds and fund sales agencies, see the Fund Unit Offering Announcement of the Fund.
The sale of the Fund at a par value of 1.00 yuan during the offering period does not change the risk return characteristics of the Fund. The investor shall
After purchasing fund shares with a face value of 1.00 yuan, the net value of fund shares may fall below 1.00 yuan, thus suffering losses
Risk of loss.
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The main risks of investing in the Fund include:
1、 Market risk
The price of the securities market is affected by various factors, leading to risks arising from changes in the level of fund returns, mainly
include:
1. Policy risk
Due to national macro policies (such as monetary policy, fiscal policy, industrial policy, regional development policy, etc.)
Changes, resulting in market price fluctuations and risks.
2. Business cycle risk
With the cyclical changes of economic operation, the income level of the securities market also shows cyclical changes. Fund owner
If you want to invest in bonds, the income level will also change accordingly, resulting in risks.
3. Interest rate risk
Interest rate risk. The fluctuation of interest rate in the financial market will lead to changes in the price and yield of the securities market. Interest rate direct
It affects the price and yield of bonds, the financing cost and profit of enterprises, and
The influence of trend change and other aspects will cause the change of fund income level.
4. Inflation risk.
If inflation occurs, the income obtained by the Fund from investing in securities may be offset by inflation
It affects the value maintenance and appreciation of fund assets.
5. Operating risks of listed companies.
The operation of listed companies is affected by many factors, such as management ability, financial situation, market prospect
Industry competition, personnel quality, etc., will lead to changes in the profitability of enterprises. If the listing of the fund investment
If the company is poorly operated, its stock price may fall, or the profits that can be used for distribution may decrease, which makes the fund invest
Revenues decline. Although the fund can diversify its investment to disperse this non systematic risk, it cannot completely avoid it.
6. Reinvestment risk.
Reinvestment risk reflects the impact of interest rate decline on the reinvestment income of fixed income securities interest income
And the price risk (i.e. interest rate risk) brought by the rise of interest rate.
2、 Credit risk
Credit risk mainly refers to the deterioration of credit status of issuers of credit securities such as bonds and asset-backed securities, resulting in
The risk of credit rating decline or even failure to honor the contract when due. In addition, credit risk also includes securities
The risk of securities delivery caused by the counterparty's default.
3、 Operational risk
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Operational risk refers to the operation caused by defects in internal control or human factors during fund operation
Risks caused by errors or violations of operating procedures, such as unauthorized transactions, fraud of accounting department, and transaction errors
Errors, IT system failures and other risks.
4、 Managing risk
In the process of fund management and operation, the research level and investment management level of the fund manager directly affect the fund
The income level, if the fund manager's judgment on the economic situation and the securities market is inaccurate, the information obtained is insufficient
Errors in investment operations will affect the return level of the fund.
5、 Compliance risk
Compliance risk refers to the violation of national laws and regulations, or the violation of basic
Risk of relevant provisions of the contract.
6、 Specific risks of the Fund
As a hybrid fund, the Fund has systemic risks to relevant markets and cannot completely avoid the market
The risk of decline and the risk of individual bonds cannot guarantee that the net fund value can fully follow or exceed
The more the market rises.
The Fund invests in asset-backed securities, mainly including asset-backed securities (ABS) and residential mortgages
Mortgage loan backed securities (MBS) and other securities are financial instruments of bond nature, which pay investors
The principal and interest paid come from the cash flow or residual equity generated by the underlying asset pool. Unlike stocks and general bonds
Asset backed securities are not claims to the interests of an operating entity, but cash generated from the underlying asset pool
The claim of current and residual equity is a kind of securities backed by asset credit, and the risks mainly include
Transaction structure risk and mismatch between cash flow of underlying asset pool and cash flow of corresponding securities caused by various reasons
Credit risk and liquidity risk caused by inactive market transactions.
The Fund can invest in stock index futures. As a financial derivative, stock index futures have some unique characteristics
Dangerous points. The main risks faced by investing in stock index futures are market risk, liquidity risk, basis risk and guarantee
Financial risk, credit risk and operational risk.
The Fund can invest in treasury bond futures, which may face market risk, basis risk, liquidity
Mobility risk. The market risk is the change of the value of the futures contract held due to the price fluctuation of the futures market
Risk. Basis risk is one of the unique risks of the futures market,
The risk of affecting the hedging or arbitrage effect and causing unexpected profits and losses. Liquidity risk can be divided into two categories:
The category of liquidity risk refers to the risk that futures contracts cannot establish or close positions at the desired price in a timely manner,
Such risks are often caused by the lack of breadth or depth of the market; The other is the amount of capital risk, which refers to the amount of capital
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Unable to meet the margin requirements, the positions held are exposed to the risk of being forced to close positions.
When the Fund invests in the Hong Kong stock market, it will be subject to such factors as global macroeconomic and monetary policy changes
The systematic risk caused by.
The Hong Kong stock market implements the T+0 turnaround trading mechanism (that is, stocks bought on the day can be bought on the day before settlement
Sell), and there is no limit on the rise or fall of individual stocks. In addition, the types of structured products and derivatives in Hong Kong market are relatively different
Enrich the existence of short mechanism; Hong Kong share price may be more affected by unexpected events than A-share
Due to strong stock price fluctuation, the Fund may have relatively high fluctuation risk.
The Fund can invest in Hong Kong stocks through the Hong Kong Stock Connect, and there are daily limits and total amounts during the pilot period of the Hong Kong Stock Connect business
Degree limit. If the total line balance is less than one daily line, the securities trading service company of the Shanghai Stock Exchange will start from the next Hong Kong Stock Connect
The Fund will be exposed to the risk that it will not be able to purchase through the Hong Kong Stock Connect if it stops accepting the purchase declaration from the trading day;
At the pre opening stage of the Stock Exchange of Hong Kong Limited, if the quota is used up on the same day, the new purchase order declaration will
Face the risk of failure; During the continuous trading period of the Stock Exchange, if the quota is used up on that day, the Japanese fund will face
The risk of not being able to buy through Hong Kong Stock Connect.
The Fund will invest in Hong Kong stocks, and submit the purchase reference of Hong Kong dollars on which the order is based during trading hours
The exchange rate and the selling reference exchange rate are not equal to the final settlement exchange rate. At the end of the trading day of Hong Kong Stock Connect, China's securities registration
The clearing limited liability company conducts net exchange, apportions the exchange cost to each transaction according to the transaction amount, and determines to pay
Easy to apply settlement exchange rate. Therefore, the Fund's investment is subject to exchange rate risk.
According to the current Hong Kong Stock Connect rules, only Shanghai and Hong Kong are trading days and can meet the settlement arrangements
Yi Ricai is the trading day of the Hong Kong Stock Connect, which is inconsistent with the trading day of the Hong Kong Stock Connect (such as the mainland market due to holidays and other reasons
Hong Kong shares held by the Fund are subject to normal trading in the Hong Kong market due to market closure, but the Hong Kong Stock Connect cannot carry out trading as usual)
The portfolio reflects the market reaction in the subsequent trading day of the Hong Kong Stock Connect, resulting in a sudden increase in price fluctuations
Large, which will lead to the risk of increased volatility in the asset valuation of the Hong Kong stock portfolio held by the Fund.
The Fund may, according to the needs of its investment strategy or the changes in the market environment of different allocation places, choose to integrate some of the
Gold assets invest in Hong Kong stocks or choose not to invest fund assets in Hong Kong stocks. Fund assets are not necessarily invested in Hong Kong stocks.
After the Fund Agreement of the Fund comes into effect, the number of fund share holders is dissatisfied for 60 consecutive working days
If there are 200 persons or the net asset value of the Fund is less than 50 million yuan, the Fund will enter into the fund asset liquidation procedure
And terminated without the need to convene a general meeting of fund share holders for deliberation. Therefore, the Foundation is faced with the automatic termination of the fund contract
Risk.
The Fund may invest in liquid restricted assets, and the investment in liquid restricted assets may face liquidity in the securities market
The risk is mainly manifested in that the fund assets cannot be quickly converted into cash, or the realization cost is very high; Can't cope with possible
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The risk of large redemption by investors; Liquidity risk of individual bonds and stocks in securities investment.
7、 Liquidity risk management
1. Fund subscription and redemption arrangements.
Please refer to Part VIII of the Prospectus for specific arrangements for subscription and redemption of the Fund.
The Fund's investors are highly diversified, and the concentration of shares held by a single investor does not reach or exceed
In 50% of the cases, institutional investors have no previous relationship of persons acting in concert; The Fund Manager will prudently confirm the large amount
Purchase application and large redemption, strengthen the pre monitoring, in-process control and post evaluation of the huge redemption of the Fund, and ensure that
Do not damage the legitimate rights and interests of public investors.
2. Liquidity risk assessment of the proposed investment market, industry and assets
The investment objects of the Fund are financial instruments with good liquidity, including those issued and listed in China according to law
Stocks (including SMEs, GEM and other stocks approved by the CSRC for listing), mainland and Hong Kong stocks
Shares listed on the Stock Exchange of Hong Kong (hereinafter referred to as "Hong Kong shares") that are allowed to be traded under the interconnection mechanism of ticket market transactions
General target stocks "), bonds (including government bonds, central bank bills, local government bonds, short-term financing bonds, and ultra short-term financing
Capital bonds, medium-term notes, financial bonds, corporate bonds, corporate bonds, subordinated bonds, convertible corporate bonds (including
Separable trading convertible bonds), exchangeable corporate bonds, etc.), asset-backed securities, bond repurchase, bank deposits
Inter bank deposit receipts, money market instruments, stock index futures, treasury bond futures and funds permitted by laws and regulations or the CSRC
Other financial instruments invested (subject to the relevant provisions of the CSRC). The Fund adopts the global macro economy
Analysis of economic environment and regional economic development, as well as research on the trend of the mainland and Hong Kong stock markets, combined with relevant categories
Risk return level characteristics of different assets, and dynamically adjust the allocation ratio of stocks, bonds, money market instruments and other assets
For example, building the Fund's portfolio. Carefully assess the liquidity of the invested assets and reasonably arrange the maturity of each asset
Inter distribution to ensure the security of fund liquidity.
3. Liquidity risk management measures in the case of huge redemption
In accordance with the relevant requirements of the Liquidity Risk Management Regulations, the Fund Manager implements liquidity risk on the Fund
Risk management, and formulate targeted liquidity risk management measures to avoid or reduce liquidity risk
The resulting investor losses minimize the possible liquidity risk in the case of huge redemption.
4. Implementation of alternative liquidity risk management tools, procedures and potential impact on investors
The Fund Manager, on the premise of ensuring that investors are treated fairly,
Under specific circumstances, liquidity risk management tools will be used to make appropriate adjustments to redemption applications, including
But not limited to:
(1) Delaying the application for massive redemption;
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(2) Suspend accepting redemption application;
(3) Suspend the payment of redemption money;
(4) Collect short-term redemption fees;
(5) Suspend fund valuation;
(6) Swing pricing.
The Fund Manager has formulated relevant business procedures for the implementation of the above standby liquidity risk management tools,
Ensure the implementation of liquidity risk management tools.
At the same time, the fund manager will pay close attention to the market capital trends, adjust the investment and position arrangements in advance, and try to
To avoid the liquidity risk of having to implement the above standby risk management tools, investors may
The potential impact is minimized.
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Part XVII Change and Termination of Fund Contract and Liquidation of Fund Assets
1、 Change of Fund Contract
1. The change of the fund contract involves the provisions of laws and regulations or the fund contract shall be subject to the general meeting of fund share holders
If a resolution is passed, a general meeting of fund unit holders shall be convened to pass the resolution. For laws and regulations and
The Fund Manager and the Fund shall
After the custodian agrees, the change shall be announced and reported to the CSRC for filing.
2. The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract shall not be implemented until it becomes effective
It shall be announced in the designated media within two days after taking effect.
2、 Reasons for termination of the Fund Agreement
Under any of the following circumstances, the Fund Contract shall be terminated after performing the relevant procedures:
1. The General Meeting of Fund Unitholders decides to terminate;
2. The responsibilities of the fund manager and the fund custodian are terminated, and there are no new fund managers or new funds within 6 months
Undertaken by the gold custodian;
3. Other circumstances stipulated in the fund contract;
4. Other circumstances stipulated by relevant laws and regulations and the CSRC.
3、 Liquidation of fund assets
1. Fund asset liquidation team: established within 30 working days from the date of the termination of the fund contract
The fund manager shall organize the fund assets liquidation group and carry out fund liquidation under the supervision of the CSRC
Calculate.
2. Composition of the fund assets liquidation group: the members of the fund assets liquidation group are entrusted by the fund manager and the fund
People, certified public accountants and lawyers qualified to engage in securities related businesses, and personnel groups designated by the CSRC
Cheng. The Fund assets liquidation team may employ necessary staff.
3. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation
Valuation, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund contract, the Fund Assets Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
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(5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to conduct external audit on the liquidation report
To issue a legal opinion;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but the liquidity of the securities held by the Fund is restricted
If the liquidation cannot be realized in time, the liquidation period shall be postponed accordingly.
4、 Liquidation expenses
Liquidation expenses refer to all reasonable expenses incurred by the fund assets liquidation team in the process of fund liquidation,
The liquidation expenses shall be paid by the Fund Assets Liquidation Team in priority from the Fund assets.
5、 Distribution of residual assets in the liquidation of fund assets
Deduct all remaining assets after the liquidation of the Fund assets from the Fund according to the distribution plan for the liquidation of the Fund assets
After property liquidation expenses, payment of taxes owed and settlement of fund debts
The amount shall be distributed in proportion.
6、 Announcement of Fund Assets Liquidation
Major issues related to the liquidation process must be announced in a timely manner; The liquidation report of the fund assets is approved by the accounting firm
After auditing, the law firm shall issue a legal opinion and report it to the CSRC for filing and announcement. Fund asset liquidation
Announce that the fund assets liquidation group shall, within 5 working days after the fund assets liquidation report is submitted to the CSRC for filing
Make an announcement.
7、 Preservation of fund assets liquidation books and documents
The fund assets liquidation account book and relevant documents shall be kept by the fund custodian for more than 15 years.
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Part XVIII Summary of the Fund Contract
1、 Rights and obligations of the parties to the fund contract
（1） Rights and obligations of the Fund Manager
1. According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Manager include:
Not limited to:
(1) Raising funds according to law;
(2) As of the effective date of the Fund Agreement, the Fund shall be independently used and managed in accordance with laws, regulations and the Fund Agreement
Property;
(3) To collect fund management fees in accordance with the fund contract, and to collect fund management fees as required by laws and regulations or approved by the CSRC
Other expenses;
(4) Sale of fund shares;
(5) Convene the general meeting of fund unit holders in accordance with the provisions;
(6) Supervise the Fund Custodian in accordance with the Fund Agreement and relevant laws and regulations
The fund contract and relevant national laws and regulations shall be reported to the CSRC and other regulatory authorities, and necessary measures shall be taken
Measures to protect the interests of fund investors;
(7) Nominate a new Fund Custodian when the Fund Custodian changes;
(8) Select and replace the fund sales agency, supervise and deal with the relevant acts of the fund sales agency;
(9) Act as or entrust other qualified institutions to act as fund registration agencies to handle fund registration business and
Obtain the fees specified in the fund contract;
(10) Decide on the distribution plan of fund income in accordance with the fund contract and relevant laws and regulations;
(11) Reject or suspend the acceptance of subscription and redemption applications within the scope agreed in the fund contract;
(12) Exercising shareholders' rights against the invested company for the benefit of the fund in accordance with laws and regulations, and for the benefit of the fund
Exercise the rights arising from the investment of fund assets in securities;
(13) Financing the Fund for the benefit of the Fund in accordance with the law, if permitted by laws and regulations;
(14) In the name of the Fund Manager, on behalf of the interests of the Fund Unitholders, exercise the right of litigation
Performing other legal acts;
(15) Select and replace law firms, accounting firms, securities brokers or other providers of funds
External institutions of services;
(16) Formulate and adjust relevant fund subscription, subscription and redemption on the premise of compliance with relevant laws and regulations
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Business rules for return, conversion and non transaction transfer;
(17) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Manager include but
Not limited to:
(1) Raise funds according to law, handle or entrust other institutions recognized by the CSRC as the basis for handling
Sale, subscription, redemption and registration of gold units;
(2) Handling the fund filing procedures;
(3) The Fund shall be managed and used in the principle of good faith, prudence and diligence from the effective date of the Fund Contract
Property;
(4) Allocate sufficient personnel with professional qualifications to carry out fund investment analysis and decision-making
Mode of operation Management and operation of fund assets;
(5) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems to ensure
The fund property managed by the stock exchange and the property of the fund manager are independent of each other, and they manage different funds under their management separately
Manage, keep separate accounts, and invest in securities;
(6) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund property shall not be used to
If he or any third person seeks benefits, he or she shall not entrust any third person to operate the fund property;
(7) Accept the supervision of the Fund Custodian according to law;
(8) The party that takes appropriate and reasonable measures to calculate the subscription, purchase, redemption and cancellation prices of fund units
The law complies with the provisions of the fund contract and other legal documents, calculates and publishes the net fund value information in accordance with the relevant provisions, and determines the basis
The price of subscription and redemption of gold shares;
(9) Conduct fund accounting and prepare fund financial accounting reports;
(10) Prepare quarterly report, interim report and annual report;
(11) Perform information disclosure and report in strict accordance with the Fund Law, the Fund Contract and other relevant provisions
Obligations;
(12) Keep the business secrets of the fund, and do not disclose the fund investment plan, investment intention, etc. In addition to the Fund Law
Unless otherwise specified in the fund contract and other relevant provisions, the fund information shall be kept confidential and shall not be disclosed to others
Leakage;
(13) Determine the fund income distribution plan as agreed in the fund contract and distribute it to fund share holders in a timely manner
Fund income;
(14) Accept the application for subscription and redemption as required, and pay the redemption amount in time and in full;
(15) Convene a general meeting of fund unit holders in accordance with the Fund Law, the Fund Contract and other relevant provisions; or
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Cooperate with the Fund Custodian and Fund Unitholders to convene a general meeting of Fund Unitholders in accordance with the law;
(16) Keep accounting books, statements, records and other relevant information of fund property management business activities as required
Data more than 15 years;
(17) Ensure that all documents or materials required to be provided to fund investors are issued within the specified time, and ensure that
The securities investors can check the public funds related to the fund at any time according to the time and method specified in the fund contract
And obtain copies of relevant materials at reasonable cost;
(18) Organize and participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation and change of fund assets
Present and distribution;
(19) In case of dissolution, cancellation or bankruptcy according to law, timely report to the CSRC and
Notify the Fund Custodian;
(20) Loss of fund assets or damage to the legitimate rights and interests of fund share holders due to violation of the fund contract
Shall be liable for compensation, and his liability for compensation shall not be exempted by his retirement;
(21) Supervise the Fund Custodian to perform its obligations in accordance with laws and regulations and the Fund Agreement
In the event that a person violates the Fund Agreement and causes losses to the Fund property, the Fund Manager shall, for the benefit of the Fund Unitholders
Recovery by the gold custodian;
(22) When the fund manager entrusts its obligations to a third party, it shall deal with the fund to the third party
Take responsibility for the conduct of affairs;
(23) In the name of the Fund Manager, on behalf of the Fund Unitholders, exercise litigation rights or implement other
Legal act;
(24) The Fund Manager fails to meet the filing conditions for the Fund during the offering period, and the Fund Contract cannot take effect,
The Fund Manager shall bear all the raising expenses and raise the raised funds in the Fund together with the bank deposit interest for the same period
Return to the fund subscriber within 30 days after the end of the set period;
(25) Implement the effective resolutions of the general meeting of fund share holders;
(26) Establish and maintain the register of fund unit holders;
(27) Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
（2） Rights and obligations of the Fund Custodian
1. According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Custodian include but
Not limited to:
(1) From the effective date of the fund contract, the fund property shall be safeguarded in accordance with laws, regulations and the provisions of the fund contract
Production;
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(2) Fund custody fees, laws and regulations or regulatory approval obtained in accordance with the fund contract
Other expenses;
(3) Supervise the investment operation of the Fund Manager in the Fund. If the Fund Manager is found to have violated the Fund Agreement
As well as the national laws and regulations, which cause significant losses to the fund assets and the interests of other parties
Report to the CSRC and take necessary measures to protect the interests of fund investors;
(4) In accordance with relevant market rules, open securities accounts and other investment accounts for the Fund and handle for the Fund
Clearing of securities and futures trading funds;
(5) Propose to convene or convene a general meeting of fund unit holders;
(6) Nominate a new fund manager when the fund manager changes;
(7) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operating Measures and other relevant provisions, the obligations of the Fund Custodian include but
Not limited to:
(1) Holding and safekeeping fund assets in the principle of good faith and diligence;
(2) Set up a special fund custody department, have a satisfactory business place, and be equipped with sufficient funds
Qualified full-time personnel who are familiar with fund custody business and are responsible for fund property custody matters;
(3) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems, and ensure that
To ensure the safety of the fund assets, and to ensure that the fund assets under its custody are different from the assets owned by the fund custodian, as well as different funds
Financial property is independent of each other; Set up separate accounts for different funds under custody, conduct independent accounting, separate account management, and ensure
The different funds are mutually independent in terms of account setting, fund transfer, account book recording, etc;
(4) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund property shall not be used to
If he or any third party seeks benefits, he or she shall not entrust a third party to trust the fund property;
(5) To keep the major contracts and relevant vouchers related to the Fund signed by the Fund Manager on behalf of the Fund;
(6) Open fund accounts, securities accounts and other accounts required for investment of fund assets as required, and
As agreed in the Contract, clearing and delivery shall be handled in a timely manner according to the investment instructions of the Fund Manager;
(7) Unless otherwise specified in the Fund Law, the Fund Contract and other relevant regulations,
Before the public disclosure of fund information, it shall be kept confidential and shall not be disclosed to others;
(8) Review and review the net fund asset value, net fund share value and fund share calculated by the fund manager
Purchase and redemption price;
(9) To handle information disclosure related to fund custody business activities;
(10) Give opinions and explanations on the financial and accounting reports, quarterly reports, interim reports and annual reports of the Fund
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Whether the Fund Manager operates in all important aspects in strict accordance with the provisions of the Fund Agreement; If the fund management
If the manager fails to implement the provisions of the fund contract, it shall also state whether the fund custodian has taken appropriate measures
Construction;
(11) Keep records, account books, statements and other relevant materials of fund custody business activities for more than 15 years;
(12) Establish and maintain the register of fund unit holders;
(13) Prepare relevant account books as required and check with the fund manager;
(14) To pay fund income and
Redemption proceeds;
(15) Convene a general meeting of fund unit holders in accordance with the Fund Law, the Fund Contract and other relevant provisions
Or cooperate with the Fund Manager and the Fund Unitholders to convene a general meeting of the Fund Unitholders in accordance with the law;
(16) To supervise the investment operation of the Fund Manager in accordance with laws and regulations and the provisions of the Fund Contract;
(17) Participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation, realization and distribution of fund assets
Matching;
(18) In the face of dissolution, legal revocation or bankruptcy declaration, timely report to the CSRC and
The bank supervisor and notify the fund manager;
(19) If the Fund property is lost due to violation of the Fund Contract, it shall be liable for compensation, and its liability for compensation shall not be
Is removed due to his retirement;
(20) Supervise the Fund Manager to perform its obligations in accordance with laws, regulations and the Fund Contract
The Fund Manager shall, for the benefit of the Fund Unitholders, report to the Fund
Recovery by the administrator;
(21) Implement the effective decisions of the general meeting of fund share holders;
(22) Other obligations stipulated by laws and regulations, CSRC and fund contract.
（3） Fund share holders
The fund investor's holding of the fund shares of the Fund shall be deemed as the recognition and acceptance of the fund contract
The fund shares obtained by the fund investor according to the fund contract become the fund share holder and the fund contract
Until they no longer hold the fund shares of the Fund. Fund Unitholders as Parties to the Fund Contract
It is not necessary to sign or seal the fund contract in writing.
Each fund unit of the same category has the same legal rights and interests.
1. In accordance with the Fund Law, the Operation Measures and other relevant provisions, the rights package of fund share holders
Including but not limited to:
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(1) Share the fund property income;
(2) Participate in the distribution of the remaining fund assets after liquidation;
(3) Transferring or applying for redemption of fund units held by them according to law;
(4) To call a general meeting of fund unit holders or a general meeting of fund unit holders as required;
(5) Attend or appoint representatives to attend the general meeting of fund unit holders and review the general meeting of fund unit holders
Exercise the right to vote on the agenda items;
(6) Consulting or copying publicly disclosed fund information;
(7) To supervise the investment operation of the Fund Manager;
(8) To damage the lawful rights and interests of the fund manager, fund custodian and fund service institution in accordance with the law
Initiate litigation or arbitration;
(9) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Unitholders include
Including but not limited to:
(1) Carefully read and abide by the Fund Agreement;
(2) Understand the fund products invested, understand their own risk tolerance, and independently judge the investment price of the fund
Value, make investment decisions independently and bear investment risks independently;
(3) Pay attention to fund information disclosure, exercise rights and perform obligations in a timely manner;
(4) Pay the fund subscription and subscription funds and the fees prescribed by laws, regulations and the fund contract;
(5) To bear limited liability for fund losses or termination of fund contracts within the scope of fund units held by them
Ren;
(6) Do not engage in any activities that may damage the legitimate rights and interests of the Fund and other parties to the Fund contract;
(7) Implement the effective decisions of the general meeting of fund share holders;
(8) Return the improper gains obtained for any reason in the course of fund transactions;
(9) Comply with relevant transactions and businesses of the Fund Manager, Fund Custodian, Sales Agency and Registration Agency
Rules;
(10) Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
2、 Procedures and Rules for Convening, Deliberating and Voting of the General Meeting of Fund Unitholders
The general meeting of fund unit holders shall be composed of fund unit holders, who are legally authorized to act on their behalf
Form A has the right to attend meetings and vote on behalf of fund share holders. Each fund share held by the fund share holder
We have equal voting rights.
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The General Meeting of Fund Unitholders does not have a daily body. During the duration of the Fund, according to the operation of the Fund
If necessary, the general meeting of fund share holders may set up a daily institution, and the establishment and operation of the daily institution shall be based on the
Relevant laws and regulations and the provisions of the CSRC.
（1） Reason for convening
1. A general meeting of fund unit holders shall be held when one of the following events occurs or needs to be decided:
(1) Terminate the fund contract, unless otherwise agreed in the fund contract;
(2) Change the fund manager;
(3) Change the Fund Custodian;
(4) Change the operation mode of the fund;
(5) Adjust the remuneration standard of the fund manager and the fund custodian or raise the sales service fee, but
Except where the regulations require adjustment of such remuneration standards or increase of sales service fees;
(6) Change of fund category;
(7) The merger of the Fund with other funds;
(8) Change the investment objective, scope or strategy of the Fund;
(9) Change the procedures of the general meeting of fund unit holders;
(10) The Fund Manager or the Fund Custodian requests to convene a general meeting of Fund Unitholders;
(11) Fund shares that individually or collectively hold more than 10% (including 10%) of the total fund shares
The amount holder (calculated based on the fund shares on the day when the fund manager receives the proposal, the same below) requests in writing for the same matter
To call a general meeting of fund unit holders;
(12) Other matters that have a significant impact on the rights and obligations of the parties to the fund contract;
(13) Other fund share holders shall be convened as required by laws and regulations, fund contracts or the CSRC
General Assembly matters.
2. Within the scope specified by laws and regulations and agreed by the fund contract, and has no material effect on the interests of fund share holders
Under the premise of adverse effects, the following circumstances can be modified by the Fund Manager and the Fund Custodian after consultation, without calling
To hold a general meeting of fund share holders:
(1) Collection of fund fees increased as required by laws and regulations;
(2) Adjust the subscription rate of the Fund, lower the redemption rate, sales service fee, change the charging method
Adjust the setting of the fund unit category of the Fund;
(3) The Fund Contract shall be modified due to changes in corresponding laws and regulations;
(4) The amendment to the Fund Contract has no material adverse effect on the interests of the Fund Unitholders or does not involve the amendment
And changes in the rights and obligations of the parties to the fund contract;
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(5) The fund manager adjusts the fund subscription, subscription, redemption, conversion, non trading transfer and transfer
Management and other business rules;
(6) Launch new business or service;
(7) Other circumstances under which it is not necessary to hold a general meeting of fund share holders in accordance with laws and regulations and the fund contract.
（2） Convener and convening method
1. Unless otherwise stipulated in laws and regulations or the fund contract, the general meeting of fund share holders shall be managed by the fund
People call.
2. In the event that the Fund Manager fails to convene or cannot convene the meeting as required, the Fund Custodian shall convene the meeting.
3. If the Fund Custodian deems it necessary to convene a general meeting of Fund Unitholders, it shall submit a proposal to the Fund Manager
Make a written proposal. The Fund Manager shall decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and
Inform the Fund Custodian personally. If the Fund Manager decides to convene the meeting, it shall issue a written decision within 60 days
Convening; If the Fund Manager decides not to convene the meeting, and the Fund Custodian still deems it necessary to convene the meeting, it shall be held in custody by the Fund
The fund manager shall convene the fund management meeting on his own and notify the fund manager within 60 days from the date of issuing the written decision
People should cooperate.
4. The Fund Unitholders representing more than 10% (including 10%) of the Fund Units have written requests on the same matter
To convene a general meeting of fund share holders, a written proposal shall be submitted to the fund manager. The fund manager shall collect
Decide whether to convene the meeting or not within 10 days from the date of the written proposal, and notify the Fund Unitholders who propose the proposal in writing
Representative and Fund Custodian. If the Fund Manager decides to convene the meeting, it shall issue a written decision within 60 days
Convening; The Fund Manager decides not to convene the meeting, representing the holding of more than 10% (including 10%) of the Fund units
If any person still considers it necessary to hold the meeting, he or she shall submit a written proposal to the Fund Custodian. The Fund Custodian shall collect
Decide whether to convene the meeting or not within 10 days from the date of the written proposal, and notify the Fund Unitholders who propose the proposal in writing
Representatives and fund managers; If the Fund Custodian decides to convene the meeting, it shall issue a written decision within 60 days
The Fund Manager shall cooperate with the Fund Manager who shall convene and notify the Fund Manager.
5. Fund share holders representing more than 10% (including 10%) of the fund shares request a meeting on the same matter
If the Fund Unitholders' Meeting is not convened by the Fund Manager or the Fund Custodian, it represents the Fund
Fund share holders with more than 10% (including 10%) of gold shares have the right to convene the meeting on their own and report it at least 30 days in advance
Recorded by China Securities Regulatory Commission. Fund unit holders who convene a general meeting of fund unit holders on their own according to law shall be subject to fund management
The Fund Custodian and the Fund Custodian shall cooperate and shall not obstruct or interfere.
6. The convener of the Fund Unitholders' Meeting shall be responsible for selecting and determining the time, place, method and rights and interests of the meeting
Registration date.
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（3） Time, content and method of notice for convening the general meeting of fund unit holders
1. The convener shall, 30 days before the convening of the general meeting of fund unit holders
Notice. The notice of the general meeting of fund share holders shall at least contain the following contents:
(1) Time, place and form of the meeting;
(2) Matters to be considered, procedures and voting methods at the meeting;
(3) The registration date of the rights and interests of fund unit holders who are entitled to attend the general meeting of fund unit holders;
(4) Requirements for the content of the authorization certificate (including but not limited to the identity, authority and agency of the agent)
Term of validity, etc.), time and place of delivery;
(5) Name and telephone number of the permanent contact person for conference affairs;
(6) Documents that must be prepared and procedures that must be performed by the attendees;
(7) Other matters to be notified by the convener.
2. In case of communication meeting and voting, the convener of the meeting shall decide to include it in the notice of meeting
Explain the specific communication method adopted by the National People's Congress of the Fund Unitholders, the entrusted notary organ and its contact
Method and contact person, deadline for sending and receiving written voting opinions.
3. If the convener is the fund manager, it shall also notify the fund custodian in writing to vote at the designated place
Supervise the vote counting of opinions; If the convener is the fund custodian, it shall notify the fund manager in writing to
Supervise the counting of votes in a fixed place; If the convener is the fund unit holder, a separate written notice shall be issued
Inform the Fund Manager and the Fund Custodian to go to the designated place to supervise the counting of votes. Fund manager
Or the Fund Custodian refuses to send representatives to supervise the counting of written votes, which does not affect the voting opinions
Vote counting effect.
（4） Ways of Fund Unitholders Attending the Meeting
The general meeting of fund share holders can be held by means of on-site meeting, communication meeting, laws and regulations, and regulatory authority
Other methods are allowed by the organization, and the convening method of the meeting shall be determined by the convener. Fund manager, fund trust
The custodian shall provide convenience for fund share holders to exercise their voting rights.
1. On site meeting. The Fund Unitholders shall be present in person or appointed by proxy by proxy
The authorized representatives of the Fund Manager and the Fund Custodian shall attend the on-site meeting as nonvoting delegates
If the Fund Manager or the Fund Custodian does not send representatives to attend the general meeting, the voting effect shall not be affected. On site meeting
When the following conditions are met, the agenda of the general meeting of fund share holders can be held:
(1) The certificate of fund units held by the person attending the meeting in person, and the certificate issued by the person entrusted to attend the meeting held by the principal
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There are vouchers of fund shares and the proxy voting authorization certificate of the trustor in compliance with laws and regulations, fund contract and
The provisions of the notice of the meeting, and the vouchers for holding fund shares are consistent with the registration materials held by the fund manager;
(2) After verification, the voucher presented by the participants for holding fund units on the equity registration date shows that there are
The effective fund units shall not be less than one-half (including one-half) of the total fund units of the Fund on the equity registration date;
If the effective fund shares represented by the participants on the equity registration date are less than the total fund shares of the Fund on the equity registration date
1/2 of the total amount, the convener may
Then, within six months, the general meeting of fund unit holders shall be reconvened on the matters originally scheduled for consideration. Reconvened fund
The effective fund units represented by the attendees of the general meeting of unit holders on the equity registration date shall not be less than the current rights of the Fund
One third (including one third) of the total fund shares on the registration date.
2. Correspondence meetings. Correspondence meeting means that the Fund Unitholders vote on voting matters in written form
Or other methods agreed in the fund contract shall be delivered to the address designated by the convener before the deadline for voting. communication
The meeting shall be held in writing or in other ways agreed in the fund contract.
If the following conditions are met at the same time, the method of communication meeting shall be deemed as effective:
(1) After the convener of the meeting publishes the notice of the meeting as agreed in the fund contract, it shall be published continuously within 2 working days
Relevant advisory announcements;
(2) The convener shall notify the fund custodian in accordance with the fund contract (if the fund custodian is the convener
For the Fund Manager) to the designated place to supervise the counting of written votes. The convener of the meeting is in Kikinto
The custodian (or the fund manager if the fund custodian is the convener) and the notary office shall, under the supervision of the meeting
Receive the written voting opinions of fund share holders in the manner specified in the notice; Fund Custodian or Fund Manager
Failure to participate in receiving written voting opinions upon notification shall not affect the voting effect;
(3) If I directly issue a written opinion or authorize another representative to issue a written opinion, the fund units hold
The fund units held by a person shall not be less than one-half (including one-half) of the total fund units on the equity registration date;
If I directly issue written opinions or authorize others to issue written opinions on behalf of fund share holders
If the fund units are less than half of the total fund units on the equity registration date, the convener may
The unit holders' meeting shall be reconvened three months later and within six months after the date of the meeting for consideration of the original items
General meeting of gold share holders. The reconvened general meeting of fund unit holders shall have more than one-third of the representatives (including
1/3) The holders of fund units directly issue written opinions or authorize others to issue written opinions;
(4) The fund share holder or trustee who directly issues a written opinion in Item (3) above
Agents with written opinions, vouchers for holding fund units submitted at the same time, and agents entrusted to issue written opinions
The certificate of fund shares held by the trustor and the certificate of proxy voting authorization issued by the trustor comply with the law
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The regulations, fund contracts and meeting notices shall be consistent with the records of the fund registration authority.
3. With the permission of laws, regulations and regulatory authorities, the notice of the meeting states that
The amount holder may also authorize his/her agent to attend the general meeting of fund unit holders by other non written means. At the meeting
The Fund can also adopt other off-site methods or on-site methods are similar to off-site methods
The general meeting of fund share holders shall be held in a combined manner, and the meeting procedure shall be in accordance with the on-site meeting and the communication method
The procedure is carried out. Fund share holders may vote in writing, online, telephone or other ways
The method shall be determined by the convener of the meeting and specified in the notice of the meeting.
（5） Discussion content and procedure
1. Discussion content and proposal right
The content of the proceedings shall be major matters related to the interests of fund share holders, such as major amendments and decisions to the fund contract
To terminate the Fund Contract, change the Fund Manager, change the Fund Custodian, merge with other funds, laws and regulations
And other matters stipulated in the fund contract and the convener of the meeting thinks that they need to be submitted to the general meeting of fund share holders for discussion
Other matters.
After the convener of the general meeting of fund unit holders issues the notice of convening the meeting, the amendment to the original proposal shall
It shall be announced in time before the general meeting of fund share holders is held.
The meeting of the fund unit holders' congress may not vote on the contents of the proceedings that have not been announced in advance.
2. Proceedings
(1) On site meeting
In the form of on-site meeting, the presider of the meeting shall first determine and publish
The supervisor shall then read out the proposal by the presider of the meeting, vote after discussion, and form the resolution of the meeting. large
The chairman of the meeting is the representative authorized by the fund manager to attend the meeting, and the authorized representative of the fund manager fails to preside over the meeting
In the event of a meeting, the representative authorized by the Fund Custodian to attend the meeting shall preside over the meeting; If the authorized representative of the Fund Manager
If neither the authorized representative of the Fund Custodian nor the authorized representative of the Fund Custodian can preside over the meeting, the Fund Unitholders and agents present at the meeting shall
More than half (including half) of the voting rights held by
The chairperson of the Fund Unitholders' Meeting. The Fund Manager and the Fund Custodian refuse to attend or preside over the Fund
The general meeting of unit holders shall not affect the validity of the resolutions made at the general meeting of fund unit holders.
The convener of the meeting shall prepare the signature book of the attendees. The name of the participants shall be recorded in the signature book
(or unit name), ID document number, fund shares held or represented with voting rights, and the client's surname
Name (or unit name) and contact information.
(2) Communication meeting
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In the case of a communication meeting, the convener shall first announce the proposal 30 days in advance, and then
Within 2 working days after the deadline, the convener shall count all valid votes under the supervision of the notary office
The resolution is formed under the supervision of the Customs.
（6） Voting
Each fund unit held by the fund unit holder has one vote.
The resolutions of the general meeting of fund share holders can be divided into general resolutions and special resolutions:
1. A general resolution must be voted by the fund share holders or their proxies attending the meeting
It is valid only when more than half (including half) of the rights are passed; Except as specified in the second item below
Matters other than those passed by resolution shall be passed by general resolution.
2. Special resolution, which shall be submitted to the Fund Unitholders or their agents attending the meeting
More than two thirds (including two thirds) of the voting power can be passed. Unless otherwise agreed in the fund contract, conversion
Operation mode of the Fund, replacement of the Fund Manager or the Fund Custodian, termination of the Fund Contract, the Fund and other funds
The financial merger shall be effective only when a special resolution is passed.
The general meeting of fund share holders shall vote by open ballot.
When voting by means of communication, unless there is sufficient evidence to the contrary in the counting of votes
The voting for confirming the investor's identity document specified in the notice of the meeting shall be deemed as an effective attendance of the investor, which is apparent
The written voting opinions specified in the meeting notice shall be deemed as valid voting, and the voting opinions are ambiguous or contradictory
It shall be deemed as abstention from voting, but shall be included in the total number of fund units represented by the fund unit holders who issue written opinions
Number.
The proposals of the general meeting of fund share holders or the parallel topics in the same proposal shall be examined separately
Discuss and vote item by item.
（7） Vote counting
1. On site meeting
(1) If the general meeting is convened by the fund manager or the fund custodian, the chairman of the general meeting of fund share holders
It shall be announced after the beginning of the meeting that two fund shares shall be elected from among the fund share holders and agents present at the meeting
The representative of the holder and a supervisor authorized by the convener of the meeting jointly act as the scrutineer; If the general meeting consists of
Although the fund manager or fund custodian convenes the fund holder's own meeting or general meeting, the fund manager
Or if the Fund Custodian fails to attend the meeting, the chairperson of the Fund Unitholders' meeting shall announce after the meeting begins
Among the fund share holders present at the meeting, three representatives of fund share holders shall be elected as scrutineers. base
The absence of the fund manager or fund custodian from the meeting shall not affect the effectiveness of vote counting.
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(2) The scrutineers shall immediately count after the fund share holders vote and the chairman of the meeting shall be present
Publish the results of the vote count.
(3) If the chairman of the meeting or the fund share holder or agent has doubts about the voting results submitted,
The number of votes required can be counted again immediately after the announcement of the voting results. The scrutineer shall re
Count and re count only once. After re counting, the presider of the meeting shall announce the re counting results on the spot.
(4) The vote counting process shall be notarized by a notary office, and the fund manager or fund custodian refuses to attend the meeting
Yes, it does not affect the validity of counting votes.
2. Communication meeting
In the case of a communication meeting, the method of counting votes is: two supervisors authorized by the convener of the meeting are in Kikinto
Under the supervision of the authorized representative of the custodian (or the authorized representative of the fund manager if convened by the fund custodian)
And the notary office shall notarize the counting process. Letter of refusal of the Fund Manager or the Fund Custodian to send representatives
If the counting of votes of face-to-face votes is supervised, the counting and voting results will not be affected.
（8） Effectiveness and announcement
The convener shall report the resolution of the general meeting of fund unit holders to the CSRC within 5 days from the date of adoption
keep on record.
The resolution of the general meeting of fund share holders shall take effect from the date of voting.
The resolution of the general meeting of fund share holders shall be announced on the designated media within 2 days from the effective date. If using
Vote by means of communication. When announcing the resolution of the general meeting of fund share holders, the full text of the notarial certificate must be notarized
The names of institutions and notaries shall be announced together.
The Fund Manager, the Fund Custodian and the Fund Unitholders shall implement the effective Fund Unitholders
General Assembly resolutions. The effective resolution of the general meeting of fund unit holders shall be applied to all fund unit holders, fund managers
All fund custodians are binding.
（9） This part deals with the causes, conditions, procedures and voting of the general meeting of fund share holders
Conditions and other provisions, which directly refer to laws and regulations or regulatory rules, such as future laws and regulations or regulatory rules
If the modification results in the cancellation or change of relevant contents, the fund manager can directly
It is not necessary to hold a general meeting of fund share holders for deliberation.
3、 Change and Termination of Fund Contract and Liquidation of Fund Assets
（1） Change of Fund Contract
1. The Fund Unitholders shall be responsible for the change of the Fund Contract in accordance with the provisions of laws and regulations or this Fund Contract
If a resolution is passed at the general meeting, a general meeting of fund share holders shall be convened to pass the resolution. For laws and regulations
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The Fund Manager and
The Fund Custodian shall make an announcement of the change upon consent and report it to the CSRC for filing.
2. The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract shall not be implemented until it becomes effective
It shall be announced in the designated media within two days after taking effect.
（2） Reasons for termination of the Fund Agreement
Under any of the following circumstances, the Fund Contract shall be terminated after performing the relevant procedures:
1. The General Meeting of Fund Unitholders decides to terminate;
2. The responsibilities of the fund manager and the fund custodian are terminated, and there are no new fund managers or new funds within 6 months
Undertaken by the gold custodian;
3. Other circumstances stipulated in the fund contract;
4. Other circumstances stipulated by relevant laws and regulations and the CSRC.
（3） Liquidation of fund assets
1. Fund asset liquidation team: established within 30 working days from the date of the termination of the fund contract
The fund manager shall organize the fund assets liquidation group and carry out fund liquidation under the supervision of the CSRC
Calculate.
2. Composition of the fund assets liquidation group: the members of the fund assets liquidation group are entrusted by the fund manager and the fund
People, certified public accountants and lawyers qualified to engage in securities related businesses, and personnel groups designated by the CSRC
Cheng. The Fund assets liquidation team may employ necessary staff.
3. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation
Valuation, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund contract, the Fund Assets Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to conduct external audit on the liquidation report
To issue a legal opinion;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but the liquidity of the securities held by the Fund is restricted
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If the liquidation cannot be realized in time, the liquidation period shall be postponed accordingly.
（4） Liquidation expenses
Liquidation expenses refer to all reasonable expenses incurred by the fund assets liquidation team in the process of fund liquidation,
The liquidation expenses shall be paid by the Fund Assets Liquidation Team in priority from the Fund assets.
（5） Distribution of residual assets in the liquidation of fund assets
Deduct all remaining assets after the liquidation of the Fund assets from the Fund according to the distribution plan for the liquidation of the Fund assets
After property liquidation expenses, payment of taxes owed and settlement of fund debts
The amount shall be distributed in proportion.
（6） Announcement of Fund Assets Liquidation
Major issues related to the liquidation process must be announced in a timely manner; The liquidation report of the fund assets is approved by the accounting firm
After auditing, the law firm shall issue a legal opinion and report it to the CSRC for filing and announcement. Fund asset liquidation
Announce that the fund assets liquidation group shall, within 5 working days after the fund assets liquidation report is submitted to the CSRC for filing
Make an announcement.
（7） Preservation of fund assets liquidation books and documents
The fund assets liquidation account book and relevant documents shall be kept by the fund custodian for more than 15 years.
4、 Dispute resolution and applicable law
Disputes arising from or related to the Fund Contract shall be settled by both parties through consultation and mediation
If no settlement can be reached through negotiation or mediation, either party has the right to submit the dispute to Guangzhou Arbitration Commission for arbitration
The arbitration shall be conducted according to the arbitration rules in effect at that time, and the place of arbitration shall be Guangzhou. The arbitration award is final
All parties to the arbitration shall be binding. Unless otherwise specified in the arbitration award, arbitration fees and attorney fees shall be paid by the losing party
Undertake.
During the dispute settlement period, the parties to the fund contract shall abide by their respective responsibilities and continue to be faithful, diligent and conscientious
To perform the obligations specified in the Fund contract and safeguard the legitimate rights and interests of Fund Unitholders.
The Fund Contract is applicable to the laws of the People's Republic of China (for the purpose of this Fund Contract, excluding the Hong Kong Special Branch
Administrative Region, Macao Special Administrative Region and Taiwan Region).
5、 Depository of fund contracts and ways for investors to obtain contracts
Fund contracts can be printed in volumes for investors to work in fund managers, fund custodians and sales agencies
Site and business site inspection.
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Part XIX Summary of Escrow Agreement
1、 Parties to the Escrow Agreement
（1） Fund manager
Name: Zhongrong Fund Management Co., Ltd
Address: 3202, 3203B, Zhongzhou Building, No. 3088, Jintian Road, Gangsha Community, Futian Street, Futian District, Shenzhen
Legal representative: Wang Yao
Time of establishment: May 31, 2013
Approval authority and approval document number: CSRC ZJXXZ [2013] No. 667
Organizational form: limited liability company
Registered capital: RMB 1.15 billion
Duration: continuous operation
Business scope: fund raising, fund sales, asset management of specific clients, asset management and China Securities Regulatory Commission
Other licensed businesses. (Projects that must be approved according to law can only be operated after being approved by relevant departments)
（2） Fund Custodian
Name: Guangzhou Rural Commercial Bank Co., Ltd
Address: No.1 Huaxia Road, Zhujiang New Town, Tianhe District, Guangzhou
Legal representative: Wang Jikang
Date of establishment: October 27, 2006
Approval authority and approval document number: CBRC CBRF [2009] 484
number
Registered capital: 9808.26 million
Duration: continuous operation
Fund custody qualification approval document and document number: ZJXK [2014] No. 83
Organizational form: other limited liability companies (unlisted)
Business scope: monetary and financial services (for specific business projects, please log on to the information publicity platform of Guangzhou commercial subjects
Query. Projects that must be approved according to law can only be operated after being approved by relevant departments).
2、 The Fund Custodian's business supervision and verification of the Fund Manager
（1） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
The scope of investment and investment objects shall be supervised. The Fund Contract clearly stipulates the fund investment style or securities selection criteria
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The Fund Manager shall provide a pool of investment varieties in the format required by the Fund Custodian for the Fund Custodian to operate
Whether the actual investment of the Fund complies with the provisions of the Fund Contract on securities selection criteria by using relevant technical systems
Supervise and check the doubtful matters.
The Fund will invest in the following financial instruments:
The investment objects of the Fund are financial instruments with good liquidity, including shares legally issued and listed in China
Tickets (including SME board, GEM and other stocks approved by the CSRC for listing), mainland and Hong Kong stocks
Stock listed on the Stock Exchange of Hong Kong (hereinafter referred to as "Hong Kong Stock Connect") that is allowed to be traded under the market transaction interconnection mechanism
Target stock "), bonds (including national debt, central bank bills, local government bonds, short-term financing bonds, ultra short-term financing
Bonds, medium-term notes, financial bonds, corporate bonds, corporate bonds, subordinated bonds, convertible corporate bonds (including convertible bonds)
Separately traded convertible bonds), exchangeable corporate bonds, etc.), asset-backed securities, bond repurchase, bank deposits
Certificates of deposit, money market instruments, stock index futures, treasury bond futures and laws and regulations or fund investment permitted by the CSRC
Other financial instruments (subject to the relevant provisions of the CSRC).
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall perform appropriate procedures
After that, it can be included in the investment scope.
The proportion of the Fund's stock investment in the Fund's assets is 0-95% (including the proportion of the shares invested in the Hong Kong Stock Standard
E.g. not more than 50% of stock assets). The proportion of the Fund's investment in inter-bank deposit receipts shall not exceed that of the Fund's assets
20%。 At the end of each trading day, after deducting the trading deposits required to be paid for stock index futures and treasury bond futures contracts
Gold or government bonds with maturity within one year shall not be less than 5% of the net asset value of the fund. Including cash
Including settlement provisions, deposits, subscription receivables, etc.
The investment proportion of stock index futures and treasury bond futures shall be implemented in accordance with laws and regulations or the provisions of regulatory agencies. If law
Laws and regulations or China Securities Regulatory Commission change the investment proportion limit of investment varieties, and the fund manager is performing appropriate procedures
After that, the investment proportion of the above investment varieties can be adjusted.
（2） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
Supervise the proportion of capital and financing. The Fund Custodian shall supervise according to the following proportion and adjustment period:
(1) The proportion of the Fund's stock assets in the Fund's assets is 0% - 95% (including those invested in Hong Kong Stock Standard
The proportion of stocks shall not exceed 50% of stock assets);
(2) At the end of each trading day, the Fund deducts the trading insurance required to pay for stock index futures and treasury bond futures contracts
After the security deposit, the cash or government bonds with maturity within one year shall not be less than 5% of the net asset value of the fund; Among them,
Cash does not include provisions for settlement, deposits and subscription receivables;
(3) The market value of securities issued by a company held by the Fund (if the Fund also holds securities issued by a company
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A shares and H shares, the total market value of A shares and H shares shall not exceed 10% of the net asset value of the Fund;
(4) All funds managed by the Fund Manager hold securities issued by one company (if they hold one
A shares and H shares issued by companies are the total market value of A shares and H shares), which does not exceed 10% of the securities;
(5) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10% of net asset value;
(6) The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
(7) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed
10% of the size of asset-backed securities;
(8) Various asset support certificates of all funds managed by the Fund Manager invested in the same original equity holder
Securities shall not exceed 10% of the total size of its various types of asset-backed securities;
(9) The Fund shall invest in asset-backed securities with a credit rating of BBB or above (including BBB). base
During the period when Jin holds asset-backed securities, if its credit rating declines and it no longer meets the investment standards, it shall report it in the rating report
All sales shall be made within 3 months from the date of announcement;
(10) Fund assets participate in share issuance and subscription, and the amount declared by the Fund does not exceed the total capital of the Fund
The number of shares declared by the Fund shall not exceed the total number of shares issued by the company to be issued this time;
(11) The fund balance of the Fund entering the national inter-bank market for bond repurchase shall not exceed
40% of the net asset value of gold, and the maximum term of bond repo in the national inter-bank market is one year,
No extension is allowed after the maturity of bond repurchase;
(12) The total value of the Fund's assets shall not exceed 140% of the Fund's net asset value;
(13) The Fund's participation in the trading of stock index futures and treasury bond futures shall comply with the following provisions:
1) At the end of any trading day, the value of stock index futures contracts purchased held by the Fund shall not exceed that of the Fund
10% of net asset value;
2) At the end of any trading day, the value of the purchased stock index futures and treasury bond futures contracts held by the Fund
The sum of the market values of the securities shall not exceed 95% of the net asset value of the fund. Among them, marketable securities refer to stocks and bonds
(excluding government bonds with a maturity of less than one year), asset-backed securities, redemptory financial assets for sale (excluding
Pledge repurchase), etc;
3) At the end of any trading day, the value of the sold stock index futures contracts held by the Fund shall not exceed that of the Fund
20% of the total market value of some stocks;
4) The trading amount of the stock index futures contracts traded by the Fund on any trading day (excluding closing positions) does not
May exceed 20% of the net asset value of the Fund on the previous trading day;
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5) The market value of stocks held by the Fund and the value of stock index futures contracts purchased and sold, total (netting
It shall comply with the relevant provisions of the fund contract on the proportion of stock investment;
6) At the end of any trading day, the value of treasury bond futures contracts held by the Fund shall not exceed that of the Fund
15% of net asset value;
7) At the end of any trading day, the value of the futures contracts for selling treasury bonds held by the Fund shall not exceed the value of the futures contracts held by the Fund
30% of the total market value of some bonds;
8) Market value and purchase
The total value of the sold treasury bond futures contracts (calculated by netting) should meet the requirements of the fund contract on the proportion of bond investment
Relevant agreements;
9) The transaction amount of treasury bond futures contracts traded by the Fund in any trading day (excluding closing positions) does not
May exceed 30% of the net asset value of the Fund on the previous trading day;
(14) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed the net asset value of the Fund
15% of; Outside the Fund Manager due to fluctuations in the securities market, stock suspension of listed companies, changes in fund size, etc
If the Fund does not meet the proportion limit specified in the preceding paragraph due to factors of
Investment in restricted assets;
(15) All open-ended funds managed by the Fund Manager hold tradable funds issued by a listed company
Shares shall not exceed 15% of the tradable shares of the listed company; All investment groups managed by the Fund Manager
The number of tradable shares jointly held by a listed company shall not exceed 30% of the tradable shares of the listed company;
(16) The Fund, private securities asset management products and other entities recognized by the CSRC are trading pairs
For reverse repurchase transactions, the qualification requirements for acceptable collateral should be consistent with the investment scope agreed in the fund contract
bring into correspondence with;
(17) The proportion of the Fund's investment in interbank deposit receipts shall not exceed 20% of the Fund's assets;
(18) Other investment restrictions stipulated by laws and regulations, the CSRC and the fund contract.
Except for items (2), (9), (14) and (16), due to fluctuations in securities and futures markets, merger of listed companies
The fund investment ratio does not meet the above specified investment ratio due to factors other than the fund manager, such as fund size change
For example, the fund manager should make adjustment within 10 trading days, but under special circumstances as stipulated by the CSRC
except.
The Fund Manager shall, within six months from the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the fund contract. During the above period, the investment scope and investment strategy of the Fund shall conform to the Fund
Agreement of the contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Agreement.
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Laws and regulations or regulatory authorities cancel or adjust the above restrictions. If applicable to the Fund, the Fund Manager is implementing
After proper procedures are followed, the investment of the Fund will no longer be subject to relevant restrictions or in accordance with the adjusted provisions.
（3） The Fund Custodian, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
Supervise the prohibited acts of fund investment in Item (9) of Article 15 of the Agreement. The Fund Custodian passes the post supervision party
To supervise the Fund Manager's prohibited acts of fund investment.
（4） The Fund Custodian shall manage the Fund in accordance with the provisions of relevant laws and regulations and the Fund Contract
The manager participates in the supervision of the inter-bank bond market. The Fund Manager shall, prior to the investment and operation of the Fund
The custodian provides the inter-bank bond market that conforms to laws, regulations and industry standards, has been carefully selected and is applicable to the Fund
List of market counterparties, and agree on the transaction settlement method applicable to each counterparty. The Fund Manager shall strictly follow
Select counterparties in the inter-bank bond market according to the scope of the list of counterparties. Fund custodian supervises fund management
Whether the manager conducts transactions according to the list of counterparties in the inter-bank bond market and the transaction settlement method provided in advance.
The fund manager can update the list of counterparties in the inter-bank bond market and the settlement method every six months
Transactions that have been conducted with the eliminated counterparties but have not yet been settled before the list is determined shall still be conducted in accordance with the agreement
settlement. If the Fund Manager temporarily adjusts the list of counterparties in the inter-bank bond market and
If the settlement method is adopted, the reason shall be explained to the fund custodian, and the updated list and settlement shall be provided to the fund custodian in a timely manner
Calculation method.
The fund manager is responsible for controlling the credit standing of the counterparty, which is carried out according to the trading rules of the inter-bank bond market
The Fund Custodian will not be responsible for the settlement of disputes and losses caused by the counterparty's failure to perform the contract
Any legal liability and loss caused thereby. If the non performing counterparty is involved in the fund custodian and fund management
If the Fund Manager has not undertaken the liability for breach of contract and other relevant legal liabilities before the time determined by the Fund Manager, the Fund Manager may
Losses should be borne first, and then recovered from relevant counterparties. The Fund Custodian shall, on the basis of inter-bank bonds
The market transaction order supervises the performance of the contract, but does not bear the losses caused by the counterparty's failure to perform the contract.
If the fund custodian discovers that the fund manager has not followed the agreed counterparty or transaction settlement method
When conducting transactions, the Fund Custodian shall timely remind the Fund Manager that the Fund Custodian will not assume any responsibility arising therefrom
Any loss and liability.
（5） The Fund Custodian shall manage the Fund in accordance with the provisions of relevant laws and regulations and the Fund Contract
Manage investment in restricted securities for supervision.
The Fund Manager shall abide by the Regulations on Fund Investment in Non public Issuance of Stocks and Other Negotiable Securities
Notice on Issues Related to Restricted Securities and other relevant laws and regulations, specifying the ratio of restricted securities invested and circulated by the Fund
For example, formulate strict investment decision-making processes and risk control systems to prevent liquidity risk, legal risk and operation
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Risks and other risks. Whether the Fund Custodian complies with the relevant system and liquidity risk disposal plan for the Fund Manager
And relevant investment quota and proportion.
1. The circulation restricted securities invested by the Fund must be non-public shares, public securities approved by the CSRC
The tradable securities, such as the offline placement of shares of the Development Bank, which are clearly defined at the time of issuance with a certain period of time and locked up, do not include
Securities temporarily suspended due to the release of major news or other reasons, issued and unlisted securities, repurchase transactions
And other negotiable restricted securities. The Fund does not invest in securities with an indefinite lock up period.
The restricted negotiable securities invested by the Fund are limited to those that can be registered by China Securities Depository and Clearing Corporation Limited or the Central Government
National debt registration and clearing limited liability company is responsible for registration and custody, and can
Securities traded in the securities market.
The restricted negotiable securities invested by the Fund shall be registered and deposited in the name of the Fund, and the Fund Manager shall be responsible for
Implementation and coordination of relevant work, and ensure that the Fund Custodian can make normal inquiries. Due to the fund manager
The Fund Custodian's responsibility for failing to keep the Fund's assets safely due to the registration and custody of restricted negotiable securities
And losses, as well as liabilities and losses that directly affect the safety of the Fund due to the custody of restricted securities in circulation, shall be borne by the Fund Manager
Undertake.
2. A fund manager investing in restricted negotiable securities shall formulate a liquidity risk disposal plan and submit it to the board of directors
approval. The risk disposal plan shall include but not be limited to the fund investment ratio to be solved due to restricted investment and circulation securities
For example, measures to deal with restrictions imbalance, fund liquidity difficulties and related losses, as well as related abnormalities
management. The Fund Manager shall provide non-public fund investment to the Fund Custodian before the initial investment in restricted securities
Liquidity risk disposal plan related to shares of the Development Bank.
The Fund Manager shall be responsible for the liquidity risk of the Fund's investment in restricted securities and ensure that it is responsible for relevant risks
Take active and effective measures to effectively solve the liquidity problem of fund operation within a reasonable time. If the fund
The Fund Manager shall
Ensure that sufficient cash is provided to ensure the payment and settlement of the fund, and bear all losses. For the Fund, due to investment circulation
The Fund Custodian shall not bear any responsibility for the liquidity risk caused by the securities. If it is caused by the fund manager
If the Fund Custodian is jointly and severally liable for any loss of the Fund, the Fund Manager shall compensate the Fund Custodian
Manage the losses suffered by the person.
3. The Fund Custodian has the right to supervise the Fund Manager on the following matters in accordance with relevant regulations:
(1) Compliance with laws and regulations when the Fund invests in restricted securities.
(2) Relevant systems and liquidity risk disposal plans in the management of restricted securities of fund investment and circulation
The establishment and improvement of.
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(3) Implementation of proportional restrictions.
(4) Information disclosure.
4. If the Fund Manager fails to submit relevant data or reports to the Fund Custodian in accordance with this Agreement
If the Fund Custodian is unable to perform the duties of the Custodian due to false data, the Fund Manager shall undertake relevant responsibilities according to law
Legal consequences. Except that the Fund Custodian fails to perform its duties in accordance with laws and regulations, the Fund Contract and this Agreement
The Fund Custodian shall not bear the losses arising from the investment in restricted securities after performing its supervisory duties in accordance with this Agreement
State the losses.
5. If relevant laws and regulations have new provisions on restricted securities for fund investment and circulation, such provisions shall prevail.
（6） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Agreement
Supervise the bills.
1. The Fund's investment in medium-term notes shall comply with the Circular on Issues Related to Securities Investment Fund's Investment in Medium term Notes
And other relevant laws and regulations, and signed the Supplementary Provisions on Risk Control of Fund Investment in Medium term Notes with the Fund Custodian
Charging Agreement.
2. The Fund Manager shall review the relevant investment decision-making process, risk control system and basic
The liquidity risk disposal plan related to the medium-term notes of the fund investment is provided to the fund custodian, and the fund custodian
Whether the manager complies with relevant systems, liquidity risk disposal plan and relevant investment quota and proportion
Supervise.
If the Fund Manager determines that the Fund will invest in medium-term notes, it shall
Agree to provide the Fund Custodian with the quantity and price of medium-term notes to be purchased by its custodian fund and the amount to be transferred
And other relevant information required for the execution of instructions, and ensure that the above information is true, accurate and complete.
（7） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
Net asset value calculation, net value of various fund units, receipt of funds receivable, determination of fund expenses and income, fund
Supervise income distribution, relevant information disclosure, fund performance data published in fund promotion materials, etc
And verification.
（8） The Fund Custodian finds that the above matters, investment instructions or actual investment operation of the Fund Manager violate
Anti laws and regulations, the Fund Contract and this Custodian Agreement shall be reminded by phone or in writing in a timely manner
By notifying the fund manager to make corrections within a time limit. The Fund Manager shall actively cooperate with and assist the Fund Custodian in its supervision
And verification. After receiving the written notice, the Fund Manager shall check it in time before the next working day and send it to
The Fund Custodian sends a reply letter to explain or provide evidence on the Fund Custodian's doubts, explain the reasons for violations and correct them
Time limit, and ensure timely correction within the specified time limit. Within the above specified period, the Fund Custodian has the right to
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The notice shall be reviewed and the Fund Manager shall be urged to make corrections. Violations notified by the Fund Manager to the Fund Custodian
If the fund custodian fails to make corrections within the time limit, it shall report to the CSRC.
（9） The Fund Manager has the obligation to cooperate with and assist the Fund Custodian in accordance with laws, regulations and the Fund Contract
And this Custodian Agreement. The Fund Manager shall give written reminders to the Fund Custodian
Reply and correct within the specified time, or explain or provide evidence on the Fund Custodian's doubts; To the Fund Custodian
The fund supervision report shall be submitted to the CSRC in accordance with the requirements of laws and regulations, the Fund Contract and this Custodian Agreement
The Fund Manager shall actively cooperate in providing relevant data, information and systems.
（10） If the Fund Custodian finds that the instructions of the Fund Manager that have become effective in accordance with the trading procedures violate the law
Administrative regulations and other relevant provisions, or in violation of the Fund Contract, shall immediately notify the Fund Management
The fund manager shall bear the losses caused thereby.
（11） If the Fund Custodian finds that the Fund Manager has major violations, it shall report to the CSRC in a timely manner,
At the same time, the Fund Manager shall be notified to correct within a time limit, and the results of the correction shall be reported to the CSRC. The fund manager is unjustified
Reason for refusing or obstructing the other party to exercise the supervision right according to the provisions of this Custody Agreement, or taking delay, fraud and other means
If it obstructs the other party's effective supervision, and the circumstances are serious, or the fund custodian still fails to correct after warning, the fund shall be placed in custody
People shall report to the CSRC.
3、 The Fund Manager's business verification of the Fund Custodian
（1） The Fund Manager shall check the performance of custody duties by the Fund Custodian, and the verification items shall include:
The Fund Custodian shall safely keep the Fund property, open a special account for the custody of the Fund property, a futures account and securities
Account and other accounts required for investment, review the net asset value of the fund calculated by the fund manager, and root of the net value of various fund units
Conduct clearing and settlement, relevant information disclosure and supervise fund investment operation according to the manager's instructions.
（2） The Fund Manager finds that the Fund Custodian misappropriates the Fund assets without authorization and fails to separate the accounts of the Fund assets
Violation of management, failure to execute or unreasonably delayed execution of fund manager's fund transfer instructions, disclosure of fund investment information, etc
In case of the Fund Law, the Fund Contract, this Agreement and other relevant provisions, the Fund shall be notified in writing in a timely manner
The custodian shall make corrections within a time limit. After receiving the notice, the Fund Custodian shall check it in time and give it to the Fund Manager in writing
Send a reply to explain the reasons for the violation and the time limit for correction, and ensure that it can be corrected within the specified time limit. In the above provisions
Within the time limit, the Fund Manager has the right to review the notice at any time and urge the Fund Custodian to make corrections. Gikinto
The custodian shall actively cooperate with the fund manager in the verification, including but not limited to: submitting relevant materials for the fund management
The manager shall check the integrity and authenticity of the entrusted property, reply to the fund manager and make corrections within the specified time.
（3） If the Fund Manager finds that the Fund Custodian has major violations, it shall report to the CSRC in a timely manner,
At the same time, the Fund Custodian shall be notified to make corrections within a time limit, and the correction results shall be reported to the CSRC. The fund custodian is unjustified
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Reason, refusing or obstructing the other party to exercise the supervision right according to the provisions of this agreement, or taking delay, fraud and other means to prevent
If the other party conducts effective supervision and the circumstances are serious or the fund manager still refuses to correct after warning, the fund manager shall
Report to the CSRC.
4、 Custody of fund assets
（1） Principles of Fund Property Custody
1. The Fund property shall be independent of the inherent property of the Fund Manager and the Fund Custodian.
2. The Fund Custodian shall keep the Fund assets in safe custody.
3. The Fund Custodian shall, in accordance with regulations, open a special account for the custody of fund assets, a futures account and securities
Account and other accounts required for investment.
4. The Fund Custodian shall set up separate accounts for different fund assets under its custody
The business and custody business of other funds shall be subject to strict separate account management to ensure the integrity and independence of fund assets.
5. The Fund Custodian shall keep the Fund assets in accordance with the Fund Contract and this Agreement, in case of any special circumstances
Both parties can negotiate separately. The Fund Custodian shall not use, dispose of
Distribute any assets of the Fund (excluding the completion of the market by the Fund Custodian according to the clearing data of CSDCC
Transaction settlement and deposit bank of custody assets deduct settlement fees and account maintenance fees).
6. The fund manager shall be responsible for confirming the assets receivable arising from the fund investment with the relevant parties
Set the date of receipt and notify the Fund Custodian that if the Fund property does not reach the Fund account on the date of receipt, the Fund Custodian
The Fund Manager shall be notified in time to take measures for collection. If losses are caused to the fund property, the fund management
The Fund Custodian shall not bear any responsibility for the loss of the Fund property which the Fund Custodian shall be responsible for recovering from the relevant parties.
7. Except in accordance with laws and regulations and the provisions of the Fund Contract, the Fund Custodian shall not entrust a third person to custody
Fund assets.
（2） Verification of raised funds
1. The funds raised during the fund raising period shall be deposited in the special fund raising account. The account is held by the fund manager or
An institution entrusted by the fund manager to handle registration business on its behalf shall open and manage it.
2. The total amount of fund units raised, the amount raised
The number of gold share holders complies with the Fund Law, the Administrative Measures for the Operation of Publicly Offered Securities Investment Funds and other relevant regulations
After the provision, the Fund Manager shall transfer all funds belonging to the Fund property to the Fund Custodian to open for the Fund
Of the fund custody account, and at the same time, within the prescribed time, employ an accountant who is qualified to engage in securities related business
The accounting firm shall verify the capital in the special account for fund raising and issue a capital verification report. The capital verification report issued by
Only two or more Chinese certified public accountants can sign the contract.
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3. If the Fund Raising Period expires and the conditions for the Fund Contract to become effective are not met, the Fund Manager shall
It is required to handle refund and other matters.
（3） Opening and management of the special account for the fund's custody fund
1. The Fund Custodian shall open custody funds in the name of the Fund in a commercial bank with fund custody qualification
Special account, and handle fund receipt and payment according to the legal and compliant instructions of the fund manager. Bank reserved seal of the Fund
It shall be kept and used by the Fund Custodian. All monetary income and expenditure activities of the Fund, including but not limited to investment and expenditure
The payment of redemption amount, the payment of fund income and the collection of subscription amount shall be conducted through the fund account.
2. The opening and use of the special account for custody funds shall be limited to meet the needs of conducting the Fund's business. Gikinto
The Custodian and the Fund Manager shall not open any other bank account in the name of the Fund; The base shall not be used
Any bank account of King carries out activities other than the business of the Fund.
3. The opening and management of the special account for custody funds shall comply with the relevant provisions of the banking regulatory authority.
（4） Opening and management of fund securities accounts and securities trading capital accounts
1. The Fund Custodian in China Securities Depository and Clearing Corporation Limited Shanghai Branch and Shenzhen Branch
The Fund shall open a securities account jointly named by the Fund Custodian and the Fund.
2. The opening and use of the Fund's securities account shall be limited to meeting the needs of conducting the Fund's business. Fund Custody
The Fund Manager and the Fund Manager shall not lend or change any securities account of the Fund without the consent of the other party, nor shall they
Use any account of the Fund for activities other than the business of the Fund.
3. The fund custodian shall be responsible for the opening of the fund securities account and the safekeeping of the securities account card
The fund manager shall be responsible for the management and application.
4. The Fund Custodian shall open a settlement in the name of the Fund Custodian in China Securities Depository and Clearing Co., Ltd
Calculate the reserve account, and on behalf of the funds under its custody, complete a contract with China Securities Depository and Clearing Co., Ltd
The Fund Manager shall actively assist in the liquidation of legal persons at the level of. Settlement reserve, settlement mutual insurance fund, settlement
The collection of spread funds shall be carried out in accordance with the provisions of China Securities Depository and Clearing Corporation Limited.
5. If the CSRC or other regulatory authorities allow the Fund to engage in other activities after the effective date of this Custody Agreement
If the investment business of investment varieties involves the opening and use of relevant accounts, if there are no relevant regulations, the fund will be held in custody
The above provisions on account opening and use shall apply mutatis mutandis.
（5） Opening and management of bond custody account
After the Fund Contract comes into force, the Fund Manager is responsible for applying in the name of the Fund and obtaining access to the National Bank
Trading qualification of inter-bank borrowing market and trading on behalf of the Fund; The fund manager shall first report to the People's Bank of China
After filing, the Fund Custodian shall be responsible for the registration and clearing of the Fund in the name of the Fund with the Central Government Securities Depository and Clearing Co., Ltd
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Open a bond custody account in the inter-bank bond market and conduct settlement of bonds in the inter-bank market on behalf of the Fund. fund
The Manager shall, on behalf of the Fund, sign agreements related to bond investment in the national inter-bank bond market, which shall be kept by the Fund Manager
Original agreement.
（6） Opening and management of other accounts
1. After the effective date of this Custodian Agreement, the Fund is allowed to engage in activities in compliance with laws and regulations and the Fund Agreement
If the opening and use of relevant accounts are involved in the investment business of other investment varieties as agreed in the
The Manager shall assist the Fund Custodian to open the relevant
Accounts. The account is used and managed according to relevant rules.
2. If laws and regulations and other relevant provisions provide otherwise for the opening and management of relevant accounts, such provisions shall prevail.
（7） Custody of relevant valuable certificates of fund property investment
Valuable certificates such as physical securities and certificates of deposit of fixed bank deposits related to the investment of fund assets shall be issued by the fund manager
Or the deposit bank shall hand over to the fund custodian for safekeeping, and the safekeeping vouchers shall be held by the fund custodian,
Of which, after the physical securities are transferred from the fund manager to the fund custodian, the fund custodian deposits them in the custody bank
Header; It can also be stored in the escrow of the registration and settlement institution. In principle, the handover of certificates of deposit of fixed deposit in banks shall be made by deposit
The fund manager shall first confirm the identity letter of the person authorized by the depository bank to deliver and withdraw the deposit certificate in the way of door-to-door service of the depository bank
And communicate with the Fund Custodian 3 working days in advance on the handover of bank time deposit certificates. fund
The custodian is only responsible for the custody of the fixed deposit certificate of the bank, and is not responsible for the authenticity of the fixed deposit certificate of the bank
It does not assume the security of the principal and income of the deposit corresponding to the bank time deposit certificate. Purchase of physical securities and
The transfer shall be handled by the Fund Custodian according to the instructions of the Fund Manager. If the transfer is required, the Fund Custodian shall
The transfer procedures shall be handled according to the instructions of the financial manager. Physical securities under the actual and effective control of the fund custodian
The Fund Custodian shall be liable for any damage or loss during the custody period of the Fund Custodian. Fund Custody
The Fund Custodian shall not be responsible for the custody of the securities actually and effectively controlled by institutions other than the Fund Custodian.
（8） Custody of major contracts related to fund assets
The Fund Manager shall be responsible for signing major contracts related to the Fund assets. Represented by the Fund Manager
The originals of the major contracts signed by the Fund and related to the Fund assets shall be kept by the Fund Manager and the Fund Custodian respectively.
Unless otherwise specified in this Agreement, major contracts signed by the Fund Manager on behalf of the Fund in connection with the Fund's assets
Including but not limited to the annual audit contract of the fund, the fund information disclosure agreement and the major issues arising from the fund investment business
The Fund Manager shall ensure that the Fund Manager and the Fund Custodian each hold at least one original of the contract. base
The Fund Manager shall fax the material contract to the Fund Custodian in an encrypted manner in a timely manner after the signing of the material contract, and
The original shall be delivered to the Fund Custodian within 30 working days. The term of custody of major contracts is the Fund Contract
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15 years after termination.
（9） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
Select deposit banks for supervision.
Where a fund invests in a fixed deposit with a bank, the fund manager shall, in accordance with the provisions of laws and regulations and the provisions of the fund contract
Agree to determine the list of all qualified deposit banks and provide it to the Fund Custodian and Fund Custody in a timely manner
It shall be used to supervise whether the counterparties of fund investment bank deposits comply with relevant regulations.
The investment bank deposits of the Fund shall comply with the following provisions:
1. The Fund Manager and the Fund Custodian shall establish a regular reconciliation mechanism with the deposit bank to ensure that the Fund Bank
The bank deposit business accounts and accounting are true and accurate.
2. The Fund Manager and the Fund Custodian shall, in accordance with relevant regulations, sign a separate agreement on the Bank Deposit Business of the Fund
A written agreement shall be signed to specify that both parties shall sign relevant agreements, open and manage accounts, transmit and execute investment instructions
Fund transfer, account verification, due cashing, document custody, and the issuance, transmission and custody of deposit certificates
Rights, obligations and responsibilities in the process to ensure the safety of fund assets and protect the legitimacy of fund share holders
Equity.
3. The Fund Custodian shall strengthen the supervision and verification of the Fund's bank deposit business, and strictly review and recheck
Relevant documents such as agreements, account information, investment instructions, deposit certificates, etc., and earnestly perform custody responsibilities.
4. The Fund Manager and the Fund Custodian shall strictly abide by the Fund Law
Operation Measures and other relevant laws and regulations, as well as relevant national account management, interest rate management, payment and settlement
Provisions.
The Fund Custodian finds that the Fund Manager violates the provisions of relevant laws and regulations when selecting a deposit bank
The fund manager shall be informed of the agreed behaviors in the fund contract by telephone prompt or in writing in a timely manner
Make corrections within a day. The Fund Manager fails to correct the violations notified by the Fund Custodian within 10 working days
The fund custodian shall report to the CSRC. The Fund Custodian finds that the Fund Manager has major violations,
It shall immediately report to the CSRC and notify the fund manager to correct or refuse settlement within 10 working days,
If the Fund Manager refuses to execute, resulting in the loss of the Fund property, the Fund Custodian will not bear any responsibility.
5、 Calculation and accounting of fund net asset value
（1） Time and procedure for calculation, review and completion of net fund assets and net fund unit values
1. The net value of various fund units is calculated by dividing the net value of such fund assets by the current day after the market is closed on each valuation day
The balance of such fund units shall be calculated to the nearest 0.0001 yuan and rounded to the fifth decimal place. as
The confirmation of investors' subscription or redemption according to the net value of the units with the above reserved digits may cause fund units
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If the net value fluctuates sharply, the Fund Manager and the Fund Custodian reach an agreement to safeguard the interests of the Fund Unitholders
After that, the number of reserved digits of the net value of fund units can be temporarily increased and confirmed accordingly, and will be
Recovery. The specific reserved digits shall be subject to the announcement at that time. If the state has other provisions, such provisions shall prevail.
The Fund Manager shall calculate the net asset value of the Fund and the net value of various fund units on each valuation date, and shall
Notice.
2. The Fund Manager shall value the assets of the Fund on each valuation date. However, the Fund Manager shall, in accordance with laws, regulations or
Except when the valuation is suspended as stipulated in the fund contract. After the Fund Manager evaluates the assets of the Fund on each valuation date
The net value results of Class A fund units are sent to the Fund Custodian, and after the Fund Custodian has verified them to be correct, the Fund Manager shall
It is agreed to make public.
（2） Fund asset valuation methods and treatment of special circumstances
1. Valuation object
Stocks, stock index futures contracts, treasury bond futures contracts, bonds, principal and interest of bank deposits owned by the Fund
Assets and liabilities such as receivables and other investments.
2. Valuation method
1) Valuation of securities listed on stock exchanges
(1) Securities (including stocks, etc.) listed on the stock exchange
Market price (closing price) valuation; There is no transaction on the valuation date, and the economic environment has not changed significantly since the most recent transaction date
Or if there is no major event that affects the securities price, the market price (closing price) of the most recent trading day
Valuation; If the economic environment has changed significantly after the recent trading day or the securities issuer has affected the securities price
In case of serious events, recent transactions can be adjusted by referring to the current market price and major change factors of similar investment varieties
Market price, determining the fair price;
(2) The third party on the valuation date shall be selected for the non equity fixed income varieties listed or transferred by the Exchange
The net valuation price of the corresponding varieties on the current day provided by the valuation agency for valuation;
(3) The third party shall be selected to evaluate the fixed income varieties with rights listed or transferred by the Exchange on the valuation date
The only estimated net price or the recommended estimated net price of the corresponding variety provided by the value agency on the current day;
(4) For convertible bonds listed and traded on the Exchange, the full valuation price shall be the daily closing price;
(5) The fair value of the securities listed on the Exchange without an active market shall be determined by valuation techniques.
The fair value of asset-backed securities listed and transferred in the exchange market shall be determined by valuation techniques;
(6) For unlisted or unlisted bonds issued in the exchange market, and for the existence of an active market
In this case, the unadjusted quotation in the active market shall be taken as the fair value on the valuation date; For active market quotation
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If it fails to represent the fair value on the valuation date, the market quotation shall be adjusted to confirm the fair value on the valuation date
Value; If there are no or few market activities, valuation techniques should be used to determine the fair value
Value.
2) The securities in the unlisted period shall be handled according to the following circumstances:
(1) The shares that are distributed, converted into shares, allotted and issued to the public shall be listed on the stock exchange on the valuation date
Valuation method of the same stock; If there is no transaction on that day, the market price (closing price) of the latest day shall be used for valuation;
(2) For the initial public offering of unlisted or unlisted transferred stocks and bonds, valuation techniques are used to determine
Allowable value, which is valued at cost when it is difficult to reliably measure the fair value by valuation technology;
(3) The shares with a certain period of restricted sale shall be specified at the time of issuance, including but not limited to non-public issuance of shares
During the initial public offering of shares, the company's shareholders offered shares to the public, and obtained shares with limited sales period through block trading
Notes, excluding tradable restricted stocks such as suspended trading, newly issued unlisted, pledged bonds in repurchase transactions, etc
The fair value is determined according to the relevant regulations of institutions or industry associations.
3) Valuation of transaction varieties in the national inter-bank market
(1) The fixed income varieties without rights in the national inter-bank market are provided by third-party valuation agencies
The estimated net price of the corresponding variety on the current day. For the types of fixed income with rights in the inter-bank market
The only estimated net price or the recommended estimated net price on the current day of the corresponding varieties provided by the valuation agency. For investment included
For the fixed income variety of the investor's right to sell back, the basis for not exercising the right to sell back after the deadline (including the date) of the registration period
The price corresponding to the long outstanding period is estimated.
(2) For bonds that are not listed in the inter-bank market and the third-party valuation agency does not provide valuation prices
There is no significant difference between the bank interest rate and the secondary market interest rate, and there is no significant change in the market interest rate during the unlisted period
In the case of, estimate at cost.
4) If the same security is traded in two or more markets at the same time, it shall be valued separately according to the market in which the security is located.
5) The Fund's investment in stock index futures and treasury bond futures contracts is valued at the settlement price on the valuation day. Valuation
If there is no settlement price on the current day, and the economic environment has not changed significantly since the latest trading day, the settlement on the latest trading day shall be adopted
Valuation. If laws and regulations provide otherwise in the future, such provisions shall prevail.
6) In case of large amount purchase or redemption of the Fund, the Fund Manager may adopt the swing pricing mechanism,
To ensure the fairness of fund valuation.
7) If the exchange rate between Hong Kong dollar and RMB is involved in the valuation calculation, it will be based on the
Exchange rate as the benchmark: the middle rate between RMB and Hong Kong dollar published by the People's Bank of China on that day.
8) If there is conclusive evidence that the original method of valuation cannot objectively reflect the fairness of the above assets or liabilities
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The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances
Method valuation.
9) If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there are new items, press
The latest national regulations on valuation.
If the fund manager or the fund custodian finds that the fund valuation violates the valuation method and procedure specified in the fund contract
In case of the provisions of relevant laws and regulations or failure to fully protect the interests of fund share holders, it shall immediately notify
The other party shall jointly find out the cause, and the two parties shall solve it through consultation.
According to relevant laws and regulations, the obligations of the Fund Manager to calculate the net asset value of the Fund and to conduct financial accounting of the Fund are
Undertake. The fund manager is responsible for the fund accounting of the Fund. Therefore, the accounting related to the Fund
If the relevant parties still cannot reach an agreement after full discussion on the basis of equality
The Manager shall publish the calculation results of the net asset value of the Fund.
3. Handling of special cases
When the Fund Manager and the Fund Custodian conduct valuation according to Item 8) of the valuation method, the error caused is not
It shall be treated as a fund asset valuation error.
Due to force majeure, or data errors sent by securities and futures exchanges and their registration and clearing companies,
Although the Fund Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures for inspection, they have not
If the error can be found, the Fund Manager and the Fund Custodian can be exempted from the resulting error in the valuation of fund assets
Excluding liability. However, the Fund Manager and the Fund Custodian shall actively take necessary measures to eliminate or mitigate this
Impact.
（3） Treatment method for net value error of fund units
The Fund Manager and the Fund Custodian will take necessary, appropriate and reasonable measures to ensure the valuation of the Fund assets
Accuracy and timeliness. When the valuation error occurs within 4 decimal places (including the 4th decimal place) of the net value of fund units,
It shall be deemed that the net value of fund units is wrong.
The parties to the fund contract shall deal with it in accordance with the following provisions:
1. Type of valuation error
During the operation of the Fund, if the Fund Manager or the Fund Custodian, or the registration authority, or the sales
If the valuation error is caused by the fault of the institution or the investor itself, causing losses to other parties, the fault liability
The Employer shall assess the direct losses of the party suffering losses due to the valuation error ("the injured party") as follows:
The principle of wrong handling "shall be compensated and liable for compensation.
The main types of the above valuation errors include but are not limited to: data declaration errors, data transmission errors, data
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Calculation error, system failure error, order issuing error, etc.
2. Principles for handling valuation errors
(1) When the valuation error has occurred but has not caused losses to the parties, the party responsible for the valuation error shall promptly
Coordinate all parties to correct the valuation errors in a timely manner, and the costs arising from the correction of valuation errors shall be borne by the party responsible for the valuation errors; from
If the party responsible for the valuation error fails to correct the valuation error that has occurred in time, causing losses to the party concerned, the valuation error
The party responsible for the error shall be liable for compensation for direct losses; If the responsible party for the valuation error has actively coordinated and assisted
If the party under the obligation has enough time to make corrections but fails to make corrections, it shall bear corresponding liability for compensation. Valuation
The party responsible for the error shall confirm the correction to the relevant parties to ensure that the valuation error has been corrected.
(2) The party responsible for the valuation error shall be responsible for the direct losses of the parties concerned, not for the indirect losses,
And it is only responsible for the direct parties involved in the valuation error, not the third party.
(3) The party who has obtained the unjust enrichment due to the valuation error has the obligation to return the unjust enrichment in a timely manner. but
The party responsible for the valuation error shall still be responsible for the valuation error. If the party who has obtained the unjust enrichment does not return or
If the improper enrichment is not returned in full, which results in the loss of interests of other parties (the "injured party"), the party responsible for the valuation error
The injured party shall be compensated for its losses, and the party who has obtained improper benefits shall be compensated within the compensation amount paid
Enjoy the right to demand the delivery of unjust enrichment; If the party who obtained the unjust enrichment has wrongly obtained this part
If the interest is returned to the injured party, the injured party shall add the amount of compensation it has received to the amount of unjust enrichment it has received
The difference between the total amount returned and the actual loss shall be paid to the party responsible for the valuation error.
(4) The adjustment of valuation errors shall be made in the way of recovering to the correct situation assuming no valuation errors.
3. Valuation error handling procedure
After the valuation error is found, the relevant parties shall deal with it in a timely manner, and the handling procedures are as follows:
(1) Find out the causes of valuation errors, list all parties involved, and
Determine the responsible party for the valuation error;
(2) According to the principle of handling valuation errors or the method negotiated by the parties
Line assessment;
(3) The responsible party for valuation errors shall make corrections according to the principle of handling valuation errors or the method negotiated by the parties
Zhenghe compensates for losses;
(4) If it is necessary to modify the transaction data of the registration agency according to the method of handling valuation errors, the registration agency shall
Make corrections and confirm the correction of valuation errors to relevant parties.
4. The method for handling errors in the valuation of the net value of fund units is as follows:
(1) In case of any error in the calculation of the net value of fund units, the Fund Manager shall immediately correct it and notify the Fund Manager
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And take reasonable measures to prevent further expansion of losses.
(2) When the error deviation reaches 0.25% of the net value of fund units, the fund manager shall notify the fund custodian
And report to the CSRC for filing; When the error deviation reaches 0.50% of the net value of fund units, the fund manager shall
Announce and report to the CSRC for record.
(3) If the above contents are otherwise stipulated by laws and regulations or the regulatory authority, they shall be handled in accordance with their provisions. If the industry
In other general practice, the Fund Manager and the Fund Custodian shall act on the basis of equality and protect the interests of Fund Unitholders
The principle of consultation.
（4） Suspension of valuation
1. The securities/futures trading market involved in the fund investment is suspended on statutory holidays or for other reasons
Business hours;
2. The Fund Manager and the Fund Custodian are unable to accurately assess the value of the Fund assets due to force majeure;
3. There is no active market price for the assets with more than 50% of the net asset value of the fund on the current valuation date
And if the use of valuation techniques still leads to significant uncertainty in the fair value, it shall be confirmed through consultation with the Fund Custodian
After that, the Fund Manager shall suspend the valuation;
4. Other circumstances identified by the CSRC and the fund contract.
（5） Fund accounting system
The accounting system stipulated by relevant national departments shall be followed.
（6） Establishment of fund account book
The Fund Manager shall conduct fund accounting and prepare fund financial accounting reports. Fund manager, fund trust
The custodian shall independently set up, record and keep the full set of account books of the Fund. If the Fund Manager and Fund Custodian
If there are differences in the accounting treatment method, the treatment method of the fund manager shall prevail. If the check on the same day is inconsistent, temporarily
If the reason for the wrong account cannot be found, which affects the calculation and announcement of the net asset value of the fund, the fund manager shall
Shall prevail.
（7） Preparation and review of fund financial statements and reports
1. Preparation of financial statements
The financial statements of the Fund shall be prepared by the Fund Manager and reviewed by the Fund Custodian.
2. Report review
After receiving the financial statements of the Fund prepared by the Fund Manager, the Fund Custodian shall independently review them. check
In case of any discrepancy, the Fund Manager shall be notified in a timely manner to jointly find out the reasons and make adjustments until the data of both parties are completely consistent.
3. Preparation and review schedule of financial statements
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(1) Preparation of statements
The Fund Manager shall complete the preparation of the quarterly report of the Fund within 15 working days from the end of each quarter
System; Complete the preparation of the Fund's interim report within two months from the end of the first half of the year; Three days from the end of each year
The preparation of the annual report of the Fund shall be completed within six months. The financial accounting report of the annual report of the Fund shall be audited.
If the Fund Contract takes effect less than two months ago, the Fund Manager may not prepare the current quarterly report and interim report
Or annual report.
(2) Review of statements
The Fund Manager shall provide the relevant report to the Fund Custodian for review on the day when the quarterly report is completed
The custodian shall complete the review within 7 working days after receipt and notify the fund manager of the review results in writing. base
The Fund Manager shall provide the relevant report to the Fund Custodian for review on the day when the interim report is completed, and the Fund Custodian shall
Complete the review within 30 days after receipt, and notify the fund manager of the review results in writing. Fund manager in
On the day when the report is completed, the relevant report shall be submitted to the Fund Custodian for review. The Fund Custodian shall, within 45 days after receiving the report
The Fund Manager shall complete the review and notify the Fund Manager of the review results in writing. Between the Fund Manager and the Fund Custodian
The above documents shall be exchanged by encrypted fax or other methods agreed by both parties.
When the Fund Custodian finds discrepancies in the statements of both parties during the review process, the Fund Manager and the Fund Custodian
The administrator shall jointly find out the cause and make adjustment, which shall be subject to relevant national regulations; If both parties cannot reach an agreement,
The accounting treatment of the Fund Manager shall prevail. If the Fund Manager and the Fund Custodian are unable to issue a public notice
The Fund Manager shall have the right to publish the relevant statements to the public in accordance with the statements prepared by the Fund Manager after reaching an agreement on the relevant statements before the date of announcement
Notice.
（8） The Fund Manager shall report to the Fund in time before preparing the quarterly report, interim report or annual report
The custodian provides the basic data and compilation results of the fund performance benchmark.
6、 Custody of the Register of Fund Unitholders
The Fund Manager and the Fund Custodian of the Fund shall properly keep the register of Fund Unitholders respectively, including
Including the effective date of the fund contract, the termination date of the fund contract, the equity registration date of the general meeting of fund unit holders, and June of each year
List of Fund Unitholders on December 30 and December 31. The register of fund share holders shall at least include
The name of the gold unit holder and the fund units held. The register of fund share holders shall be compiled by the fund registration authority
It shall be prepared and kept for at least 20 years. The Fund Manager and the Fund Custodian shall keep separate custody of the fund unit holdings
The list of persons shall be kept for at least 15 years. If it cannot be properly kept, it shall be liable according to relevant regulations.
The Fund Custodian has the right to require the Fund Manager to provide shares of the Fund on any trading day or all trading days
The Fund Manager shall provide the register of holders in a timely manner and shall not refuse or delay to provide it without reason, and shall guarantee its authenticity
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Accuracy and completeness. The register of fund unit holders on June 30 and December 31 of each year shall be as follows
Submit within ten working days before the month; The effective date of the fund contract, the termination date of the fund contract and other important matters involving the fund
The register of fund unit holders on the date of the transaction shall be submitted within ten working days after the date of the transaction.
The Fund Custodian shall not use the register of Fund Unitholders in its custody for other purposes other than fund custody business
Other purposes, and shall abide by the confidentiality obligation.
7、 Dispute resolution
Disputes arising from or related to this Agreement shall be settled by both parties through consultation and mediation
If no settlement can be reached through mediation, either party has the right to submit the dispute to China Guangzhou Arbitration Commission for arbitration
The arbitration shall be conducted according to the effective arbitration rules at that time, and the place of arbitration shall be Guangzhou. The arbitration award is final
Both parties are binding. Unless otherwise specified in the arbitration award, the arbitration fees and attorney fees shall be borne by the losing party.
During the dispute settlement period, both parties shall abide by the responsibilities of the Fund Manager and the Fund Custodian and continue to be loyal to each other
Fulfill the obligations specified in the Fund Contract and this Custodian Agreement in a practical, diligent and responsible manner, and maintain the holding of fund units
The legal rights and interests of people.
This agreement is applicable to the laws of the People's Republic of China (for the purpose of this agreement, excluding Hong Kong Special Administrative Region
Macao Special Administrative Region and Taiwan Region) and explain from them.
8、 Change and termination of fund custody agreement and liquidation of fund assets
（1） Change procedure of custody agreement
The parties to this agreement may amend the agreement upon consensus. New agreement after modification, in which
There shall be no conflict with the provisions of the Fund Contract. Changes to the Fund Custody Agreement shall be reported to the CSRC for filing.
（2） Circumstances arising from the termination of the Fund Custody Agreement
1. The Fund Contract is terminated;
2. The Fund Custodian is dissolved, revoked, bankrupt or other Fund Custodian takes over the Fund assets;
3. The Fund Manager is dissolved, revoked, bankrupt or taken over by another Fund Manager;
4. The termination event specified by laws and regulations or the Fund Contract occurs.
（3） Liquidation of fund assets
1. Fund asset liquidation team: within 30 working days from the date of the termination of the Fund Contract
The settlement team and the fund manager shall organize the fund assets liquidation team and carry out the foundation work under the supervision of the CSRC
Cash settlement.
2. Composition of the Fund Assets Liquidation Team: The members of the Fund Assets Liquidation Team are the Fund Manager, the Fund Custodian
It is composed of certified public accountants, lawyers and personnel designated by the CSRC who are qualified to engage in securities related businesses.
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The Fund assets liquidation team may employ necessary staff.
3. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, clearing and evaluation of the Fund assets
Price, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund Property Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to conduct external audit on the liquidation report
Issue legal opinions;
(6) Report the liquidation results to the CSRC for filing, confirmation and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but the liquidity of the securities held by the Fund is restricted
If the liquidation cannot be realized in time, the liquidation period shall be postponed accordingly.
6. Liquidation expenses
Liquidation expenses refer to all reasonable expenses incurred by the fund assets liquidation team in the process of fund liquidation
The liquidation expenses shall be paid by the Fund Assets Liquidation Team in priority from the Fund assets.
7. Distribution of residual assets in the liquidation of fund assets
Deduct all remaining assets after the liquidation of the Fund assets from the Fund according to the distribution plan for the liquidation of the Fund assets
After property liquidation expenses, payment of taxes owed and settlement of fund debts
The amount shall be distributed in proportion.
8. Announcement of Fund Asset Liquidation
Major issues related to the liquidation process must be announced in a timely manner; The liquidation report of the fund assets is approved by the accounting firm
After auditing, the law firm shall issue a legal opinion, which shall be reported to the CSRC for filing and announcement. Fund property clearing
The fund assets shall be cleared within 5 working days after the liquidation report of the fund assets is submitted to the CSRC for filing and confirmation
The calculation team makes an announcement.
9. Preservation of fund assets liquidation books and documents
The fund assets liquidation account book and relevant documents shall be kept by the fund custodian for more than 15 years.
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Part XX Services for Fund Unitholders
The Fund Manager shall provide the Fund Unitholders with the following series of services. The Fund Manager has the right to
Changes in the needs of fund share holders, market conditions and the service ability of the fund manager, and additions and modifications to
The following service items or service contents:
1、 Active notification service
The Fund Manager shall, according to the wishes of the Fund Unitholders
Fund share holders provide various proactive notification services. Active notification service includes account transaction confirmation
Information, announcements of fund managers and important information notices related to fund share holders. Fund shares
The holder shall pay attention to the completeness and accuracy of each contact information.
2、 Query service
The fund manager has opened 24-hour self-service voice service and online inquiry service. Fund share holders may
The fund manager information inquiry and holder account information inquiry shall be conducted in the above manner. The customer service specialist is working
Time can also provide thoughtful manual inquiry and question answering services for fund share holders.
Specific query content: the latest announcement, fund product introduction, fund manager introduction and other fund managers' trust
Interest; Fund transaction information, market value of assets, net value of fund shares, fund income distribution and other account information.
3、 Data request service
In order to facilitate fund share holders to handle various direct selling transaction procedures, direct selling is available on the fund manager's website
Business form download. Fund share holders can also request business forms from the customer service specialist through the customer service hotline.
In addition, the fund manager can also provide statements, asset certificates and other materials.
4、 Information service customization
In order to further improve the service quality and meet the personalized needs of fund share holders, the fund manager launched
Customized plan for location information services. Fund share holders can customize various types of services through customer service hotline and customer service email
Information services.
The Fund Manager will provide the funds to be paid in accordance with the requirements of the Fund Unitholders through email, SMS, etc
Information services such as easy confirmation notice, weekly net value of funds held, statement, etc.
The Fund Manager may send other information from time to time so that the Fund Unitholders can understand the Fund management in a timely manner
Announcements, market research and judgment, and the latest developments, etc.
5、 Fund wealth management business consultation
In order to better communicate with fund share holders, customer service specialists can hold
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Someone answered questions about fund financing and provided consulting services on fund financing.
6、 Acceptance of complaints and suggestions
If the Fund Unitholders have questions about the services provided by the Fund Manager, they can leave voice messages
Send email, customer service hotline and other means to the fund manager at any time. The fund manager will adopt the deadline
To handle complaints and suggestions of fund share holders in a timely manner based on the principle of management by levels.
7、 Interactive activities
The Fund Manager may hold various interactive activities for Fund Unitholders on a regular or irregular basis to increase
Interaction between strong fund share holders and fund managers.
8、 Contact information of fund manager customer service center
Customer service hotline: 400-160-6000; 010-56517299
Manual agent service time: 9:00-17:00 from Monday to Friday (except holidays)
Website: www.zrfunds.com.cn
Customer service email: services@zrfunds.com.cn
9、 If there is anything in this prospectus that you/your organization cannot understand, please contact
Is the Fund Manager. Please ensure that you/your organization has fully understood this prospectus before investing.
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Part XXI Storage and Reference Methods of Prospectus
This Prospectus is kept at the residence of the Fund Manager, the Fund Custodian and the Fund Sales Agency
Free access. After paying the cost of production, copies of the above documents can be obtained within a reasonable time.
Investors can also check on the website designated by the Fund Manager.
The Fund Manager and the Fund Custodian guarantee that the content of the text is completely consistent with the content of the announcement.
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Part XXII Documents for future reference
（1） China Securities Regulatory Commission approved the raising and registration of Zhongrong Xinyouchuang Flexible Allocation Hybrid Securities Investment Fund
file
（2） Fund Contract of Zhongrong Xinyouchuang Flexible Allocation Hybrid Securities Investment Fund
（3） Custody Agreement of Zhongrong Xin Youchuang Flexible Allocation Hybrid Securities Investment Fund
（4） Legal Opinion on Application for Centralized Fund Raising, Rongxin Youchuang, Flexible Allocation of Hybrid Securities Investment Fund
（5） Business qualification approval document and business license of fund manager
（6） Business qualification approval document and business license of fund custodian
（7） Other documents required by the CSRC
The documents referred to in Item (6) above shall be kept in the office of the Fund Custodian, and other documents shall be kept in the Fund
The office of the manager can be consulted by investors free of charge. After paying the cost of production, it can be obtained within a reasonable time
A copy or photocopy of the document.
Zhongrong Fund Management Co., Ltd
March 2020