Fund Manager: Cinda Australia Asia Fund Management Co., Ltd
Fund Custodian: China Merchants Bank Co., Ltd
April, 2014
Important tips
Xin'ao State owned Enterprise Smart Choice Hybrid Securities Investment Fund (hereinafter referred to as "the Fund") has been approved by the China Securities Regulatory Commission in 2024
The registration of public offering was approved in ZJXK [2024] No. 558 on April 7, 2006.
The Fund Manager guarantees that the contents of the Prospectus are true, accurate and complete. This Prospectus is certified by the Chinese Securities
Registration with the CSRC, but the registration of the Fund's offering application by the CSRC does not indicate the investment price of the Fund
Making substantive judgments or guarantees on the value and market prospects does not mean that there is no risk in investing in the Fund. Investors should
When carefully reading the fund prospectus, fund contract, fund product information summary and other information disclosure documents
Judge the investment value of the fund, make investment decisions independently, and bear investment risks independently.
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 invests in the securities market. The net value of the Fund will fluctuate due to factors such as fluctuations in the securities market
Before investing in the Fund, investors should fully understand the product characteristics of the Fund and fully consider their own risk tolerance,
Reasonably judge the market, make independent decisions on the willingness, timing, quantity and other investment behaviors of subscribing funds, and obtain
The fund's investment income also bears various risks arising from the fund's investment, including political, economic and investment psychology
Market risk and credit risk caused by various factors such as trading system
Liquidity risk arising from massive redemption of funds, fund management arising from the implementation of fund management by fund managers
Risk management, unique risks of the Fund, other risks, etc. For the specific risks of the Fund, see "Risk" in this Prospectus
Chapter "Risk disclosure", etc.
The assets of the Fund are invested on the Stock Exchange of Hong Kong within the scope of trading allowed under the Hong Kong Stock Connect mechanism
Stock of Hong Kong Stock Exchange (hereinafter referred to as "Hong Kong Stock Exchange")
Unique risks brought by differences in subject matter, market system and trading rules, including the risk of Hong Kong stock trading failure, foreign exchange
Rate risk (exchange rate fluctuation may cause loss to the investment income of the fund), and the risk of large fluctuation of stock price in the Hong Kong stock market
(The Hong Kong stock market implements T+0 turnaround trading, and there is no limit on the rise and fall of individual stocks. The stock price of Hong Kong stocks may show a higher than
A share price fluctuates more violently), possible risks caused by inconsistent trading days under the Hong Kong Stock Connect mechanism (opened in the mainland
When the market of Hong Kong and Shanghai is closed, the Hong Kong Stock Connect cannot be traded normally and Hong Kong shares cannot be sold in time, which may bring some
Liquidity risk).
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The Fund may choose to allocate part of its funds to
Invest in Hong Kong stocks or choose not to invest fund assets in Hong Kong stocks
It is not necessary to invest in Hong Kong stocks.
The Fund invests in stock index futures, which have certain market risks, credit risks, liquidity risks
Operational risk and legal risk.
The Fund invests in asset-backed securities, which have certain price fluctuation risk and liquidity risk
Risk, credit risk and other risks.
The Fund's investment scope includes depositary receipts. If the investment is made, it may face significant fluctuations in the price of Chinese depositary receipts
The risk of even large losses, as well as the relationship between innovative enterprises, overseas issuers, and the issuance mechanism of China Depositary Receipts
And transaction mechanism.
When the Fund holds specific assets and there are or potential large redemption applications, the Fund Manager shall perform corresponding procedures
At the end of the preface, the side pocket mechanism can be used. For details, see the relevant sections of the fund contract and this prospectus. Side bag machine
During the implementation of the system, the fund manager will mark the fund abbreviation specially and will not handle the purchase and redemption of the side pocket account
Back. Please read the relevant contents carefully and pay attention to the specific risks when the Fund uses the side pocket mechanism.
The Fund is a hybrid fund. In theory, its expected risk and expected return are higher than those of bond funds and money markets
Market funds, lower than stock funds.
The investment is risky. Investors should carefully read this Prospectus and the Fund Agreement when subscribing (applying for) fund shares
Same as the summary of fund product information, fully understand the risk return characteristics and product characteristics of the fund, and fully consider
Their own risk tolerance, rational judgment of the market, and prudent investment decisions.
Investors shall purchase and redeem the Fund through the Fund Manager or the selling institute on a commission basis. During the raising period of the Fund
Selling at a par value of 1.00 yuan does not change the risk return characteristics of the fund. Investors purchase funds at a par value of 1.00 yuan
After the shares, it is possible to face the risk of loss caused by the net value of fund shares falling below 1.00 yuan.
The past performance of the Fund does not predict its future performance. The Fund Manager promises to fulfill his/her duties, be honest and trustworthy
The principle of prudence and diligence is to manage and use the fund assets, but not to guarantee that the fund will be profitable to investors, nor to invest
The investor guarantees the minimum return.
The Fund Manager reminds investors of the principle of "buyer's conceit" in fund investment. After making investment decisions,
The investors shall bear the investment risks caused by the changes in the operation status of the fund and the net value of the fund.
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catalog
Part I Introduction four
Part II. Interpretation five
Part III Fund Manager eleven
Part IV Fund Custodian twenty-eight
Part V Relevant Service Organizations thirty-five
Part VI Fund Raising thirty-seven
Part VII. Fund Filing and Effectiveness of the Fund Contract forty-two
Part VIII Purchase and Redemption of Fund Units forty-three
Part IX Investment of the Fund fifty-five
Part 10. Property of the Fund sixty-four
Part XI Valuation of Fund Assets sixty-four
Part XII. Fund Income and Distribution seventy-three
Part XIII. Fund Fees and Taxes seventy-five
Part XIV. Accounting and Audit of Funds seventy-eight
Part XV Information Disclosure of the Fund seventy-eight
Part XVI. Side pocket mechanism eighty-six
Part XVII Risk Disclosure eighty-nine
Part XVIII Change and Termination of the Fund Contract and Liquidation of the Fund Assets ninety-five
Part XIX. Summary of the Fund Contract ninety-five
Part XX Summary of the Fund Custody Agreement one hundred and fifteen
Part XXI. Services for Fund Unitholders one hundred and thirty-five
Part XXII. Storage and Reference Methods of Prospectus one hundred and thirty-seven
Part XXIII Documents for future reference one hundred and thirty-eight
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Part I Introduction
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 of the People's Republic of China on Public Offering of Securities Investment Funds
Measures for the Supervision and Administration of Securities Investment Fund Sales Agencies (hereinafter referred to as "Sales Measures")
Administrative Measures for Information Disclosure of Raised Securities Investment Funds (hereinafter referred to as "Information Disclosure Measures"), Public Offering
Provisions on Liquidity Risk Management of Open ended Securities Investment Funds (hereinafter referred to as "Liquidity Risk Management Regulations")
And other relevant regulations, as well as the Contract of Sino Australian State owned Enterprise Smart Selection Hybrid Securities Investment Fund.
This Prospectus describes the Sino Australian state-owned enterprise smart choice hybrid securities investment fund (hereinafter referred to as the "Base")
The investment objectives, strategies, risks, rates and fund transactions of the fund and the investors
Investors should carefully read this prospectus before making investment decisions.
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 completeness.
The Fund applies for raising in accordance with the information contained in this Prospectus. This prospectus is prepared by Cinda Aoyaki
Explanation of Gold Management Co., Ltd. The Fund Manager has not entrusted or authorized any other person to provide
The information contained in this Prospectus, or any explanation or explanation of this Prospectus.
The Prospectus of the Fund is prepared in accordance with the Fund contract of the Fund and registered with the CSRC. base
The gold contract is a legal document that stipulates the rights and obligations between the parties to the fund. Other matters related to the fund
Any document or expression of the rights and obligations between the parties to the fund contract shall be subject to the fund contract. fund
The parties to the contract include the fund manager, the fund custodian and the fund unit holders. Fund investors obtain
The Fund units issued in accordance with the Fund Agreement shall become the Fund Unitholders and parties to the Fund Agreement
The behavior of holding fund shares itself indicates its recognition and acceptance of the fund contract. Fund share holdings
A person who is a party to the fund contract shall not be required to sign the fund contract in writing. Fund contract
In accordance with the Fund Law, the Operation Measures, the Information Disclosure Measures, the Sales Measures, the Fund Contract and
Other relevant provisions on rights and obligations; Fund investors want to know the rights and
For obligations, please refer to the Fund Contract for Smart Selection of Mixed Securities Investment Fund by Sino Australian State owned Enterprises in detail.
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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 Sino Australian state-owned enterprise smart choice hybrid securities investment fund
2. Fund Manager: Xinda Aoya Fund Management Co., Ltd
3. Fund Custodian: China Merchants Bank Co., Ltd
4. Fund contract and Fund Contract: refer to the "Sino Australian State owned Enterprise Smart Selection Hybrid Securities Investment Fund"
The Fund Agreement and any effective amendments and supplements to the Fund Agreement
5. Custody Agreement: refers to the "Smart Selection of Sino Australian State owned Enterprises" signed between the Fund Manager and the Fund Custodian for the Fund
Mixed Securities Investment Fund Custody Agreement and any effective amendments and supplements to the Custody Agreement
6. Prospectus, this Prospectus or the Prospectus: refers to the mixed type of smart selection of Sino Australian state-owned enterprises
Prospectus of Securities Investment Fund and its updates
7. Announcement on the sale of fund shares: refers to the issuance of fund shares of Sino Australian state-owned enterprises' smart choice hybrid securities investment fund
Sales Announcement
8. Summary of fund product information: refers to the fund product information of Sino Australian State owned Enterprise Smart Selection Hybrid Securities Investment Fund
Material Summary and its update
9. 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
10. Fund Law: refers to the Standing Committee of the Tenth National People's Congress
Adopted at the fifth session of the NPC and approved by the Standing Committee of the Eleventh National People's Congress on December 28, 2012
Revised at the 30th meeting of the meeting, implemented since June 1, 2013
The 14th Meeting of the Standing Committee of the Second National People's Congress
Decision of the People's Republic of China on Amending Seven Laws Including the Port Law of the People's Republic of China
Securities Investment Fund Law and amendments made by the promulgating authority from time to time
11. Sales Measures: promulgated by the CSRC on August 28, 2020 and implemented on October 1 of the same year
The Measures for the Supervision and Administration of Publicly Offered Securities Investment Fund Sales Agencies issued by the Ministry of Finance and the promulgating authority from time to time
Revision of
12. Information Disclosure Measures: promulgated by the CSRC on July 26, 2019, and September 1, the same year
Implemented and approved by the Decision of the CSRC on Amending Some Securities and Futures Regulations on March 20, 2020
The Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds as amended by the Decision of the Ministry of Finance of the People's Republic of China
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Revision issued
13. Operation Measures: promulgated by the CSRC on July 7, 2014 and implemented on August 8 of the same year
Management Measures for the Operation of Publicly Offered Securities Investment Funds and amendments made by the promulgating authority from time to time
14. Liquidity Risk Management Regulations: promulgated by the CSRC on August 31, 2017
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
15. China Securities Regulatory Commission: China Securities Regulatory Commission
16. Banking regulatory authority: refers to the People's Bank of China and/or the State Administration of Financial Supervision and Administration
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
The legal subjects of the Fund, including the Fund Manager, the Fund Custodian and the Fund Unitholders
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 are located in the People's Republic of China
Enterprise legal person, public institution legal person and society legally registered and existing or established and existing with the approval of relevant government departments
Groups or other organizations
20. QFII: refers to qualified foreign institutional investors and RMB qualified foreign institutions
The Measures for the Administration of Investors' Domestic Securities and Futures Investment and relevant laws and regulations have been approved by the CSRC,
Foreign institutional investors who use funds from abroad for domestic securities and futures investment, including qualified foreign institutions
Institutional investors and RMB Qualified Foreign Institutional Investors
21. Investors, investors: individual investors, institutional investors, qualified foreign investors and
Other investors allowed by laws and regulations or the CSRC to purchase securities investment funds
22. Fund share holder: refers to the investment legally obtained from fund shares in accordance with the fund contract and prospectus
people
23. Fund sales business: refers to the fund manager or sales institution opening a fund transaction account for investors,
Promote the Fund, handle the sale, subscription, redemption, conversion, non trading transfer, transfer of custody
Regular and quota investment and provision of fund transaction account information inquiry and other businesses
24. Sales Agency: Xinda Aoya Fund Management Co., Ltd. and its compliance with the Sales Measures and China
Other conditions stipulated by the CSRC, obtaining the qualification for fund sales business and signing a fund sales contract with the fund manager
Service agreement, the institution handling fund sales business
25. Registration business: refers to fund registration, custody, transfer, clearing and settlement business, including
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Establishment and management of investor's fund account, registration of fund shares, confirmation, liquidation and settlement of fund sales business
Calculate and distribute dividends on behalf of others, establish and keep the register of fund share holders and handle non trading transfer, etc
26. Registration agency: refers to the agency that handles registration business. The registration authority of the fund is the fund manager or
Institutions entrusted by the fund manager to handle registration business
27. Fund account: refers to the fund manager's account opened by the registration institution for investors, which records their holdings
Account for the balance of fund units under management and their changes
28. Fund transaction account: it refers to the account opened by the sales agency for the investor to record the investor's passing through the sales machine
Fund shares arising from the organization's handling of subscription, subscription, redemption, conversion, custody transfer, fixed investment and other businesses
Accounts for changes in amounts and balances
29. 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
30. Fund contract termination date: refers to the date when the fund contract termination causes 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
31. Fund raising period: refers to the period from the date of offering of fund units to the date of closing the offering, with the longest
Not more than 3 months
32. Duration: refers to the indefinite period between the effectiveness and termination of the fund contract
33. Working day and trading day: refers to the normal trading day of Shanghai Stock Exchange and Shenzhen Stock Exchange
34. T day: refers to that the sales agency accepts the investor's application for subscription, redemption or other business within the specified time
open house
35. T+n day: refers to the nth working day from T day (excluding T day)
36. Open day: refers to the working day for investors to handle the subscription, redemption or other business of fund units (if
If the Fund invests in the underlying stocks of Hong Kong Stock Connect and the working day is not a trading day of Hong Kong Stock Connect, the Fund may not open
The subscription, redemption or other business of fund units shall be subject to the announcement issued in advance at that time)
37. Opening Hours: refers to the time period during which the fund accepts subscription, redemption or other transactions on the open day
38. Business Rules: refers to the Open ended Fund Business Rules of Cinda Australia Asia Fund Management Co., Ltd,
It is a business rule regulating the registration of open-ended securities investment funds managed by the fund manager, and is managed by the fund
Both the manager and the investor shall abide by
39. Subscription: during the fund raising period, investors apply for
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Please purchase fund shares
40. Subscription: after the Fund Contract comes into effect, the investor applies for
Please purchase fund shares
41. Redemption: refers to that 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 under specified conditions
42. Fund conversion: refers to the Fund Unitholders' effective announcement at that time in accordance with the Fund Agreement and the Fund Manager
To apply for converting the fund units of a fund managed by the fund manager into funds
Behavior of other fund units managed by the manager
43. Custody transfer: refers to the change place implemented by the Fund Unitholders between different sales agencies of the Fund
Operation of sales institutions holding fund units
44. Regular and quota investment plan: refers to the application submitted by the investor through the relevant sales agency, and the agreement on each application
On the purchase date, the amount of deduction and the method of deduction, the sales agency shall, on the agreed deduction date of each period, place the amount of deduction in the bank account designated by the investor
An investment method for automatically completing deduction and accepting fund purchase applications in the account
45. Massive 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 for fund conversion
The balance after the total number of shares requested) exceeds 10% of the total fund shares on the previous open day
46. RMB: refers to RMB
47. Fund income: refers to dividend, dividend, bond interest, price difference of securities, silver
Savings on bank deposit interest, other legal income realized and costs and expenses arising from the use of fund assets
48. Total value of fund assets: refers to various securities owned by the fund, principal and interest of bank deposits, and fund receivables
Total value of funds and other assets
49. Net Asset Value of the Fund: the value of the total asset value of the Fund minus the liabilities of the Fund
50. 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
51. Fund asset valuation: It refers to calculating and evaluating the value of fund assets and liabilities to determine the net value of fund assets
Value and net value of fund units
52. Regulated media: national reports for information disclosure that meet the conditions specified by the CSRC
Periodicals (hereinafter referred to as "regulated newspapers") and Internet websites (hereinafter referred to as
"Regulated website"); The required websites include the website of the fund manager, the website of the fund custodian, and China
CSRC fund electronic disclosure website
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53. Sales service fee: It refers to the amount withdrawn from the fund property for the marketing, sales and
Service fees for fund share holders
54. Liquidity restricted assets: refer to assets that cannot be used due to laws and regulations, supervision, contracts or operational barriers
Assets realized at a reasonable price, including but not limited to reverse repurchase with maturity of more than 10 trading days
Fixed deposits with banks (including bank deposits that are conditionally withdrawn in advance as agreed in the agreement), suspended shares, and negotiable securities
Limited new shares, non-public shares, asset-backed securities, inability to transfer due to the issuer's debt default, or
Traded bonds, etc
55. Swing pricing mechanism: when open-end funds are subject to large purchase and redemption
In the form of net amount, the market shock cost of the fund's adjusted portfolio is allocated to the actual subscription and redemption investments
Investors, so as to reduce the adverse impact on the interests of stock fund share holders and ensure the legitimate rights and interests of investors
Be protected and treated fairly
56. Side pocket mechanism: refers to the separation of specific assets in the fund portfolio from the original account to a special
The purpose of account settlement is to effectively isolate and defuse risks and ensure that investors are treated fairly,
It is a liquidity risk management tool. During the implementation of the side pocket mechanism, the original account is called the main pocket account and the special account
The account is called side pocket account
57. Specific assets: including: (I) There is no active market price to refer to and the valuation technology is still adopted
Assets with significant uncertainty in fair value; （2） Measured at amortized cost and provision for asset impairment
Assets that still lead to significant uncertainty of asset value; （3） Significant inaccuracy in the value of other assets
Qualitative assets
58. Hong Kong Stock Standard Stock: refers to the stock that mainland investors entrust mainland securities companies to trade through Shanghai Securities
The securities trading service company established in Hong Kong by Shenzhen Stock Exchange and Shenzhen Stock Exchange shall apply to the Stock Exchange of Hong Kong
To buy and sell stocks listed on the Stock Exchange of Hong Kong within the specified scope
59. Type of fund units: The fund is subject to the subscription/purchase fee, redemption fee and sales service fee
The fund shares are divided into different categories according to the formula: Class A fund shares and Class C fund shares. Various funds
Units have different fund codes, and calculate and publish the net value of fund units and the cumulative net value of fund units respectively
60. Class A fund units: refers to the subscription/subscription fees charged when investors subscribe/subscribe
Funds that charge redemption fees according to the holding period and no longer withdraw sales service fees from the fund assets of this category
share
61. Class C fund unit: refers to that investors do not charge subscription/purchase fees when subscribing/subscribing, but redeem
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When the redemption fee is charged according to the holding period, and the sales service fee is withdrawn from the fund assets of this category
share
62. Force majeure: refers to objective events that the parties to the fund contract cannot foresee, avoid and overcome
piece
The above definitions involve laws, regulations and business rules. After the revision of laws, regulations and business rules,
If the Fund is applicable, the relevant contents shall be subject to the revised laws, regulations and business rules.
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Part III Fund Manager
1、 Overview of the Fund Manager
Name: Cinda Australia Asia Fund Management Co., Ltd
Address: China Resources Building, 2666 Keyuan South Road, Haizhu Community, Yuehai Street, Nanshan District, Shenzhen
L1001
Office address: 10 China Resources Building, 2666 Keyuan South Road, Yuehai Street, Nanshan District, Shenzhen, Guangdong Province
layer
Postal code: 518063
Date of establishment: June 5, 2006
Approved by: China Securities Regulatory Commission
Approval No. of establishment: CSRC Zhengjian Jiji Zi [2006] No. 071
Legal representative: Zhu Yongqiang
Tel.: 0755-83172666
Fax: 0755-83199091
Contact: Han Zongjing
Business scope: fund raising, fund sales, specific customer asset management, asset management and China Securities Regulatory Commission
Other businesses that will be licensed
Organizational form: limited liability company
Registered capital: RMB 100 million
Capital structure: Cinda Securities Co., Ltd. contributed 54 million yuan, accounting for 54% of the total capital stock of the company;
East Topco Limited contributed 46 million yuan, accounting for 46% of the company's total share capital
Duration: continuous operation
2、 Key personnel
1. Directors, supervisors and senior managers
director:
Ms. Zhu Ruimin, Chairman of the Board, Doctor of Management of Renmin University of China, Senior Accountant. April 2007
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As of April 2012, he has successively served as the general manager of the financial department, the assistant general manager, and the corporate manager of Dongxing Securities Co., Ltd
Deputy General Manager of the Company, Chief Financial Officer of China Galaxy Securities Co., Ltd. from April 2012 to April 2019
Officer, served as Deputy Secretary of the Party Committee of Cinda Securities Co., Ltd. from April 2019 to November 2020, 2019
Served as the director of Cinda Securities Co., Ltd. since July, and Cinda Securities Co., Ltd. since September, 2019
General Manager of the Company, concurrently served as Cinda Australia Asia Fund Management Co., Ltd. (formerly Cinda Australia Bank) since December 2019
Chairman of the Board of Directors of Fund Management Co., Ltd.), acting as the party committee of Cinda Securities Co., Ltd. since November 2020
He has also served as Chairman of the Board of Directors and Executive Director of Cinda International Holdings Co., Ltd. since April 2021. 2020
From March to February 2022, he also served as the legal representative of Cinda Australia Asia Fund Management Co., Ltd.
Mr. Pan Guangjian, Vice Chairman, MBA, University of Birmingham, UK, and Canadian CPA.
He once worked in the Audit Department of Deloitte Touche Tohmatsu Certified Public Accountants and the Supervision Department of Hong Kong Futures Exchange
1. Securities analyst, assistant manager of the Securities and Futures Commission of Hong Kong, Hong Kong mandatory provident fund
Manager of Planning Management Bureau, Business Development Manager of Jingshun Asia, CFO of Jingshun Great Wall Fund Management Company, AXA
Assistant General Manager of Guowei Marketing Department, Head of Marketing and Product Department of UnionPay Trust Co., Ltd. Since May 2007
Served as the director of China Business Development of Shouyu Investment (Hong Kong) Co., Ltd. and concurrently served as the manager of Cinda Australia Asia Fund in the same year
Supervisors of Limited Company (formerly Cinda Bank of Australia Fund Management Co., Ltd.) to May 13, 2016, May 2016
He has been a director of the Company since September 14, and vice chairman of the Board since December 2019.
Mr. Zhu Yongqiang, director, Master of Engineering of Zhejiang University, senior manager of Cheung Kong Graduate School of Business Administration
Master. From December 2004 to January 2010, he successively served as the president assistant of Huatai United Securities Co., Ltd
Vice President, the brokerage business development manager of CITIC Securities Co., Ltd. from January 2010 to November 2012
Managing Director of the Management Committee, China Galaxy Securities Co., Ltd. from November 2012 to October 2016
The business director of the brokerage business line of the company is also the general manager of the brokerage management headquarters. October 2016 to October 2019
In June, he served as the executive chairman and CEO of Qianhai Kaiyuan Fund Management Co., Ltd. From December 5, 2019
Director of Cinda Australia Asia Fund Management Co., Ltd. (formerly Cinda Australia Bank Fund Management Co., Ltd.), 2019
Served as the general manager of the company since December 31, and served as the chief of the company from August 2020 to January 13, 2023
Information officer, serving as the legal representative of the company from March 2022, and the financial director of the company from December 2022
People.
Mr. Li Quan, director, majored in computer application of the Command Technology College of the Commission of Science, Technology and Industry for National Defense, since 1996
Successively served as Business Manager of Corporate Banking Department of China Merchants Bank Shenzhen Branch and Deputy General Manager of Market Department of Credit Card Center of CITIC Bank
Manager, President of Guosen Securities Hong Kong Securities and Futures Brokerage Co., Ltd., and Guojing Hong Kong Securities and Futures Co., Ltd
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President of the company, Vice President of Tianfeng International Securities Group. Hong Kong Nova Capital Co., Ltd. from June 2021
director. From November 2021, he will also serve as Cinda Australia Asia Fund Management Co., Ltd. (formerly Cinda Australia Bank Fund Management
Limited Company).
Mr. Song Ruobing, independent director, bachelor of law in economic law from Beijing Business School, has served in Beijing since 1993
Staff of Jingcheng Construction Group No. 2, Hualian Economic Law Firm, Beijing Gaopeng Law Firm, Beijing
Shi Zhengjian Yongshen Law Firm is a trainee lawyer and lawyer, and has served as Beijing Dehong Law Firm since February 2005
Lawyer and senior partner of the law firm. From November 2021, he will also serve as Cinda Australia Asia Fund Management Co., Ltd
(formerly Cinda Bank of Australia Fund Management Co., Ltd.).
Mr. Yang Mianzhi, Independent Director, Doctor of Management, Renmin University of China, Economic Management, Beijing University of Science and Technology
Professor and doctoral supervisor of the College of Science. National accounting (academic) leading talents of the Ministry of Finance, advanced talents of the Ministry of Education
Member of the Teaching Steering Committee of the School's Accounting Specialty, and member of the Financial Management Professional Committee of the Chinese Accounting Society
Member, once served as an independent director of Guoyuan Securities, Conch Cement, Huishang Bank and other listed companies. November 2021
Served as the independent director of Cinda Australia Asia Fund Management Co., Ltd. (formerly Cinda Australia Bank Fund Management Co., Ltd.) since January
Things.
Mr. Qu Wenzhou, independent director, Ph.D. in finance of Xiamen University, Ph.D. in economics and management of Tsinghua University
Shi Hou has successively served as the manager of the investment department of Xiamen Jianfa Trust and Investment Company since August 1995, and as the manager of the investment department of Xiamen Jianfa Trust and Investment Company
Secondment from the Listed Company Supervision Division of Shenzhen Stock Exchange and Research Institute of Shenzhen Stock Exchange. Since 2005
He became a professor and doctoral supervisor of the School of Management of Xiamen University. Served concurrently as Cinda Australia Asia Fund since November 2021
Independent director of Management Co., Ltd. (formerly Cinda Bank of Australia Fund Management Co., Ltd.).
Executive Supervisor:
Ms. Han Bing, MBA, School of Economics and Management, Tsinghua University, is currently the executive director of the company. 20 years
Experience in securities and fund industry. From April 2001 to September 2014, he worked in Century Securities Co., Ltd,
Served as the head of the Human Resources Department. In April 2015, he joined Cinda Australia Asia Fund Management Co., Ltd. (formerly
Cinda Bank of Australia Fund Management Co., Ltd.), as the executive director, and as the staff supervisor of the company since November 2020
Things.
Senior management:
Mr. Zhu Yongqiang, legal representative, general manager and financial director of the company, Master of Engineering of Zhejiang University,
CKGSB Senior Executive Master of Business Administration, with the qualification of securities and fund industry, senior in fund industry
Qualification of management personnel. From December 2004 to January 2010, successively served as Huatai United Securities Co., Ltd
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Assistant to the president and vice president of the company, served as the director of CITIC Securities Co., Ltd. from January 2010 to November 2012
General Manager, worked as the brokerage business of China Galaxy Securities Co., Ltd. from November 2012 to October 2016
Line business director and general manager of brokerage management headquarters. From October 2016 to October 2019, he served as Qianhaikai
Executive Chairman and CEO of Source Fund Management Co., Ltd. From December 5, 2019, Xinda Aoya
Director of Fund Management Co., Ltd. (formerly Cinda Bank of Australia Fund Management Co., Ltd.), December 31, 2019
General Manager of the Company, Chief Information Officer of the Company from August 2020 to January 13, 2023, 2022
He has served as the legal representative of the company since March, 2002, and the financial director of the company since December, 2022.
Mr. Feng Mingyuan, Deputy General Manager and Co Chief Investment Officer, Computer Science and Technology Major of Zhejiang University
Master, with the qualification of securities and funds, and the qualification of senior managers in the fund industry. September 2010
Until December 2013, he worked as an industry researcher in Ping An Securities Research Institute
SunShin Australia Asia Fund Management Co., Ltd. (formerly SunShin Australia Bank Fund Management Co., Ltd.), successively engaged in industry research
Member, assistant fund manager, fund manager, director of equity investment headquarters, joint investment director, June 2021
He has been the deputy general manager, joint investment director and director of equity investment headquarters of the company since January.
Mr. Wang Jianhua, Deputy General Manager and Co Chief Investment Officer, Master of Industrial Economics, Fudan University, has
Securities and fund business qualifications, and the qualifications of senior managers in the fund industry. September 2009 to July 2012
In January, he served as the supervisor of the head office of Bank of Communications Co., Ltd; Successive posts in transportation from August 2012 to April 2015
Deputy General Manager and General Manager of Investment Banking Department of Suzhou Branch of the Bank; April 2015 to June 2019
General Manager of the Structure Financing Department and Capital Market Department of the Asset Management Business Center of Tong Bank; June 2019 to January 2020
In January, he served as General Manager of Equity Investment Department and Research Department of Bank of Communications Wealth Management Co., Ltd. From March 2021
Deputy General Manager and Co chairman of Cinda Australia Asia Fund Management Co., Ltd. (formerly Cinda Australia Bank Fund Management Co., Ltd.)
Investment Director.
Mr. Wei Qingkong, Deputy General Manager and Chief Marketing Officer, has a bachelor's degree in Lanzhou University, and has the qualifications of
Qualification of gold industry and qualification of senior managers in the fund industry. Lan from July 1994 to November 1997
Information officer of state metal exchange market; From November 1997 to August 1998, he worked for Cathay Pacific Securities in Lanzhou
Ministry; From August 1998 to December 2009, he successively served as Guotai Jun'an Securities Lanzhou Donggang West Road Business Department, Guotai
Jun'an Securities Gansu Branch; From January 2010 to April 2017, he successively served as the deputy of China Galaxy Securities Business Department
General Manager, General Manager, General Manager of Chongqing Branch; From 2017 to January 2020, he served as Qianhai Kaiyuan Fund
General Manager of Institutional Business Unit. Joined Cinda Australia Asia Fund Management Co., Ltd. (formerly Cinda Australia Bank) in February 2020
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Fund Management Co., Ltd
Field officials.
Mr. Yu Peng, Deputy General Manager, Bachelor of Economics, Renmin University of China, is qualified to work in securities and funds
Qualifications of senior managers in the fund industry. Successively served as the securities headquarters of China Construction Bank Head Office Trust and Investment Corporation
Trader of Wuhan Securities Exchange Center, accountant of Planning and Finance Department, deputy manager of Planning and Finance Department of Shenzhen Securities Business Department
Manager; Assistant to the General Manager of Beijing Securities Business Department and Manager of Planning and Finance Department of China Cinda Trust and Investment Corporation; Hongyuan Certificate
Deputy General Manager of Beijing Business Department of Securities Co., Ltd., Manager of Business Monitoring Department and Clearing Center of Institutional Management Headquarters
Manager, Deputy General Manager of Capital Finance Headquarters, General Manager of Capital Management Headquarters and General Manager of Customer Capital Depository Center
Etc. In October 2005, he joined Cinda Australia Asia Fund Management Co., Ltd. (formerly Cinda Australia Bank Fund Management Co., Ltd
Limited), successively served as Chief Financial Officer, General Manager Assistant and Chief Financial Officer, and served as Deputy General Manager of the Company since November 2012
Manager, who has been in charge of Beijing Branch since June 2015, and Xinda Xinxing Wealth since December 2019
Legal representative of (Beijing) Asset Management Co., Ltd.
Ms. Huang Hui, Inspector General, Bachelor of Economics, Central South University of Finance and Economics, Concordia University, Canada
Master of Economics, with the qualification of securities and fund industry and senior manager of fund industry. 1999
From May to August 2005, he successively served as the analyst of the research department, the deputy director of the marketing department, and the general manager of Dacheng Fund Management Co., Ltd
Assign the posts of Deputy Director of Development Department, Director of Institutional Finance Department, etc. From 2000 to 2001, he participated in the "China Gold" program of the British government
Financial Talents Training Program (FIST Project), working at Credit Agricole Securities (London). August 2005
Joined Cinda Australia Asia Fund Management Co., Ltd. (formerly Cinda Australia Bank Fund Management Co., Ltd.) as Inspector General and
Secretary of the Board of Directors, Deputy General Manager and Board of Directors of the Company from April 30, 2019 to January 13, 2023
Secretary, who will be the Inspector General and Secretary of the Board of Directors from January 13, 2023, and will leave the Board of Directors from December 15, 2023
Secretary of the Board.
Mr. Xu Weiwen, Chief Information Officer, Bachelor of Science in Industrial Automation, Hunan University, majoring in securities and
Qualification of gold industry and qualification of senior managers in the fund industry. From July 1993 to August 1995
Securities Information Database Engineer of Securities Times; From September 1995 to September 1998, he worked in Xiangcai Securities
Head of the transaction monitoring group of the brokerage business headquarters of the securities company; From January 1999 to August 2004, he successively served as Guangfa Certificate
Computer Department Manager of Shenzhen Business Department, Business Supervisor of the Audit Department of the Headquarters, and IT Audit Supervisor; August 2004 to
In September 2008, he served as the audit manager of the Legal Audit Department of Jingshun Great Wall Fund Management Co., Ltd. September 2008 plus
ShinShinda Australia Asia Fund Management Co., Ltd. (formerly ShinShinda Australia Bank Fund Management Co., Ltd.), successively served as the manager of the trading department
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Director of Management, Chief Operating Officer, Chief Information Officer, and Company Inspector from August 2020 to January 13, 2023
Chief Information Officer of the Company from January 13, 2023.
Mr. Lu Li, Deputy General Manager, Doctor of Actuarial Science, University of Heriot, UK, has the experience of
Qualification of gold industry and qualification of senior managers in the fund industry. From December 2006 to September 2015
Head of the Product Development Department of Fang Fund Management Co., Ltd., served successively as Qianhai from September 2015 to February 2020
Product Director, Chief Product Officer and Joint Investment Director of Open Source Fund Management Co., Ltd. Add in February 2020
Jinxin Da Aoya Fund Management Co., Ltd. (formerly Xinxin Da Aoyin Fund Management Co., Ltd.), has been engaged in product innovation
Director of the Department, Director of Infrastructure and Real Estate Department and Director of the Operation Management Headquarters, who will be the company since February 2022
Deputy General Manager and Director of Intelligent Quantification and Global Investment Department will no longer hold the post of Intelligent Quantification and Global Investment from March 2023
Director of Global Investment Department.
Mr. Li Shuyan, Deputy General Manager, Master of Finance, Peking University, with experience in securities and funds
Qualifications of senior managers in the fund industry. From June 2012 to June 2013, he served as Bosera Fund Manager
Researcher of Everwin Fund Management Co., Ltd. from June 2013 to October 2014
Member. Joined Cinda Australia Asia Fund Management Co., Ltd. (formerly Cinda Australia Bank Fund Management Co., Ltd.) in May 2015
Division), successively served as industry researcher, fund manager assistant, fund manager, deputy director and research director of equity investment headquarters
Head of the Consulting Department, who will concurrently serve as the Director of the Special Account Investment Department from November 16, 2021, and the Company from February 2022
Deputy General Manager of the Company, Director of the Special Account Investment Department and Head of the Research and Consulting Department.
Mr. Song Jiawang, Deputy General Manager, Master of Management of Tianjin University, is qualified to work in securities and funds
Qualifications of senior managers in the fund industry. From April 2005 to July 2007, Ren Dagong International's credit rating
Credit analyst of National Trust Co., Ltd., senior trust of National Trust Co., Ltd. from July 2007 to June 2008
Manager, researcher and investment manager of Cathay Pacific Fund Management Co., Ltd. from June 2008 to June 2015
Assistant, investment manager, from September 2015 to October 2020, investment in Jianxin Pension Management Co., Ltd
Deputy General Manager of the Management Department, from November 2020 to July 2022, acting as the general manager of Taida Manulife Fund Management Co., Ltd
Manager assistant, investment director (fixed income), fund manager. Joined Cinda Australia Asia Fund Management in July 2022
Management Co., Ltd. (formerly Cinda Bank of Australia Fund Management Co., Ltd.), served as the deputy general manager of the company from November 2022.
Mr. Fang Jing, Deputy General Manager and Secretary of the Board of Directors, Beijing University of Aeronautics and Astronautics, Management Science and Engineering
He is a master and has the qualification of fund industry and senior manager of fund industry. Started work in 2007,
Successively served as data analyst of Information Technology Department of China Life Asset Management Co., Ltd., China Minsheng Bank Co., Ltd
Senior analyst of the Private Banking Department of the Company Limited, senior product manager of CITIC Securities Co., Ltd., and Sinofinance
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Department head of Securities Investment Department of Chuang Capital Management Co., Ltd., financial assets of China Galaxy Securities Co., Ltd
Director of Product and Interbank Department, head of special account business department of Qianhai Kaiyuan Fund Management Co., Ltd. two thousand and twenty
From August to December 2022, he served as Cinda Australia Asia Fund Management Co., Ltd. (formerly Cinda Australia Bank Fund Management Co., Ltd.)
The person in charge of the investment management department of the company will be the deputy general manager of the company from December 2022 to December 15, 2023
Serve as Secretary of the Board of Directors.
2. Proposed Fund Manager of the Fund
Lin Jingyi, Master of Management and Master of Science, Peking University. Since 2010, Bosera Fund Management Co., Ltd
The company has successively served as quantitative analyst, fund manager assistant and fund manager. Joined Cinda Australia Asia in March 2023
Director of Intelligent Quantification and Global Investment Department of Fund Management Co., Ltd. Current Xinaoning Junzhixuan Hybrid Fund
Fund Manager (December 20, 2023 to date), Xin'ao Xinyue Zhixuan 6-month holding period hybrid fund
Manager (since December 28, 2023), fund manager of Sino Australia core smart selection hybrid fund (February 2024
Since March 2, 2024), the fund manager of Sino Australia dividend smart choice hybrid fund (since March 20, 2024).
3. Investment Review Committee of the Company's Public Fund
(1) Equity Fund Investment Review Committee of the Company
Chairman: Zhu Yongqiang, General Manager
committee member:
Feng Mingyuan, Deputy General Manager, Joint Investment Director and Director of Equity Investment Headquarters
Li Shuyan, Deputy General Manager, Director of Special Account Investment Department and Head of Research and Consulting Department
Fang Jing, Deputy General Manager and Secretary of the Board of Directors, Head of Investment Management Department
Lu Li, Deputy General Manager
Wang Jianhua, Deputy General Manager and Joint Investment Director
Song Jiawang, Deputy General Manager and Director of Fixed Income Investment Department
(2) Investment Review Committee of the Company's Fixed Income Fund
Chairman: Zhu Yongqiang, General Manager
committee member:
Song Jiawang, Deputy General Manager and Director of Fixed Income Investment Department
Lu Li, Deputy General Manager
Wang Jianhua, Deputy General Manager and Joint Investment Director
Zhang Min, Director of Mixed Assets Investment, Head of Research and Credit Evaluation Department, Head of Multi investment Department
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Yang Ying, Head of Fixed Income Research Department
(3) Company FOF Fund Investment Review Committee
Chairman: Zhu Yongqiang, General Manager
committee member:
Wang Zheng, Chief Quantitative Investment Officer
Lu Li, Deputy General Manager
Wang Jianhua, Deputy General Manager and Joint Investment Director
Feng Mingyuan, Deputy General Manager, Joint Investment Director and Director of Equity Investment Headquarters
Li Shuyan, Deputy General Manager, Director of Special Account Investment Department and Head of Research and Consulting Department
Wang Yilei, Head of Pension Investment Department
There is no kinship between the above personnel.
3、 Responsibilities of the Fund Manager
According to the Fund Law, the Fund Manager must perform the following duties:
1. Raise funds according to law, handle or entrust other institutions recognized by the CSRC to handle
The sale, subscription, redemption and registration of fund units;
2. Handling the fund filing procedures;
3. To manage and account for different funds under their management, and make securities investment;
4. Determine the fund income distribution plan in accordance with the provisions of the fund contract, and timely report to the fund share holders
Distribution of fund income;
5. Conduct fund accounting and prepare fund financial accounting reports;
6. Prepare quarterly report, interim report and annual report of the Fund;
7. Calculate and publish the net fund value information, and determine the subscription, redemption and conversion prices of fund units;
8. Perform information disclosure and report in strict accordance with laws and regulations, fund contracts and other relevant provisions
Obligations;
9. Convene a general meeting of fund unit holders in accordance with laws and regulations, the fund contract and other relevant provisions; or
Cooperate with the Fund Custodian and Fund Unitholders to convene a general meeting of Fund Unitholders in accordance with the law;
10. Keep accounting books, statements, records and others of fund property management business activities as required
Relevant data;
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11. In the name of the Fund Manager, on behalf of the Fund Unitholders, exercise litigation rights or implement
Other legal acts;
12. Other duties stipulated by laws and regulations and the CSRC.
4、 The Fund Manager's commitment to comply with laws and regulations
1. The Fund Manager promises to strictly abide by the Securities Law, establish a sound internal control system, and adopt
Take effective measures to prevent violations of the Securities Law;
2. The Fund Manager promises to strictly abide by the Fund Law and the Operation Measures and establish sound internal control
System and take effective measures to prevent the following acts prohibited by the Fund Law and the Operation Measures:
(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 under its management;
(3) Using the Fund assets to seek benefits for a third party other than the Fund Unitholders;
(4) Committing gains or bearing losses to fund share holders in violation of regulations;
(5) Other acts prohibited by laws and regulations and the CSRC;
3. The Fund Manager promises to strengthen personnel management, strengthen professional ethics, and urge and restrict employees to comply with the national standards
Relevant laws, regulations and industry norms of China, honesty, credit, diligence and responsibility, and not engaged in the following activities:
(1) Ultra vires or illegal operation;
(2) Violation of fund contract or custody agreement;
(3) Damage the legitimate interests of fund share holders or other fund related institutions;
(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 and abuse of power;
(7) Disclosing business secrets related to securities and funds that have come to his knowledge during his tenure and have not been disclosed according to law
Fund investment content, fund investment plan and other information;
(8) In addition to fund investment in accordance with the Company's system, directly or indirectly conduct other stock transactions;
(9) Assist, accept entrustment or conduct securities trading for other organizations or individuals in any other form;
(10) Violating the business rules of the stock exchange, manipulating the market price by means of counter check, position dumping and other means,
Disturbance of market order;
(11) Deliberately damaging the legitimate rights and interests of fund investors and other inter-bank institutions and personnel;
(12) Seeking business development by improper means;
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(13) It goes against social morality and damages the image of securities investment fund personnel;
(14) Information disclosure is untrue, misleading and fraudulent;
(15) Other acts prohibited by laws and regulations and the CSRC.
5、 Commitment of the Fund Manager on Prohibited Sexual Behaviors
The assets of the Fund shall 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, unless otherwise stipulated by laws and regulations or 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
Securities issued by the controller or a company with a significant stake in it 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
The principle of giving priority to the interests of shareholders, preventing conflicts of interest, establishing and improving the internal approval mechanism and evaluation mechanism
Implement according to fair and reasonable market price. Relevant transactions must be approved by the fund custodian in advance and in accordance with the law
Disclosure of regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be subject to two thirds
Approved by the independent directors on. The Board of Directors of the Fund Manager shall review related party transactions at least every six months.
If laws and regulations or regulatory authorities cancel or change the above restrictions, if applicable to the Fund, the Fund Manager
After performing the appropriate procedures, the Fund's investment will no longer be subject to the relevant restrictions or the changed provisions.
6、 Fund manager's commitment
1. In accordance with the relevant laws and regulations and the provisions of the Fund Agreement, hold the Fund units in a prudent manner
People seek the best interests;
2. Do not take advantage of their positions to seek benefits for themselves, their agents, 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,
Disclose business secrets related to securities and funds known during the term of office, and fund investments that have not been disclosed according to law
Information such as capacity and fund investment plan;
4. They shall not engage in securities trading or other activities that damage the fund assets or the interests of fund share holders.
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7、 Internal control system of fund manager
The Fund Manager is to strengthen internal control, promote the Company's honest, legal and effective operation, and ensure the Fund
The interests of share holders, safeguard the legitimate rights and interests of the Company and its shareholders
Measures for the Supervision and Management of Securities Investment Fund Managers, Guidance on Internal Control of Securities Investment Fund Management Companies
And other laws and regulations, and in combination with the actual situation of the company, formulate the Internal Control System of Cinda Australia Asia Fund Management Co., Ltd
Outline.
The Company's internal control refers to the Company's efforts to prevent and defuse risks and ensure that its operations comply with the Company's development rules
Plan, on the basis of fully considering the internal and external environment, through the establishment of organizational mechanisms, the application of management methods, and the implementation of
A system formed by operating procedures and control measures. The company has established a scientific, reasonable, tightly controlled and efficient
The internal control system shall be formulated scientifically and perfectly.
The company's internal control system consists of internal control outline, basic management system, departmental business rules and other parts
Cheng.
The Board of Directors of the Company is ultimately responsible for the establishment of the internal control system and maintaining its effectiveness
The management is responsible for the effective implementation of the internal control system.
1. Overall objective of the Company's internal control
(1) Ensure that the company's operation strictly complies with relevant national laws and regulations and industry regulatory rules, and consciously
Form the management idea and management concept of law-abiding operation and standardized operation.
(2) Prevent and resolve business risks, improve the efficiency of operation and management, and ensure the steady operation of business
And the safety and integrity of entrusted assets, so as to realize the sustainable, stable and healthy development of the company.
(3) To ensure the authenticity, accuracy, completeness and timeliness of the fund, company finance and other information.
2. The company's internal control follows the following principles
(1) Principle of soundness. Internal control covers all businesses, departments or institutions and all levels of the company
Personnel, including decision-making, implementation, supervision, feedback and other aspects.
(2) Principle of effectiveness. Establish reasonable internal control procedures through scientific internal control means and methods to maintain
Effective implementation of internal control.
(3) The principle of independence. The setting of responsibilities of each organization, department and post of the company remains relatively independent
The operation of the Company's fund assets, self owned assets and other assets are separated from each other.
(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
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Economic benefits, reasonable cost control to achieve the best internal control effect.
3. The company follows the following principles in formulating internal control system
(1) Principle of legality and compliance. The company's internal control system complies with national laws, regulations, rules and regulations
Definitely.
(2) Principle of comprehensiveness. The internal control system covers all aspects of the company's operation and management, and shall not be left
Institutional gaps or loopholes.
(3) Prudence principle. Develop internal control system based on prudent operation, prevention and resolution of risks
Point.
(4) Timeliness principle. With the adjustment of relevant laws and regulations and the company's business strategy, business policy
Timely modify or improve the internal control system due to changes in internal and external environment such as business philosophy.
4. Basic elements of internal control
The basic elements of internal control include control environment, risk assessment, control activities, information communication and internal control
Department monitoring.
(1) The control environment forms the basis of the company's internal control, which includes business philosophy and internal control documents
The company's corporate governance structure, organizational structure, employees' moral quality, etc.
(2) The management of the company firmly establishes the concept of internal control priority and risk management, and cultivates the risks of all employees
Awareness of prevention, 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.
(3) Perfect the corporate governance structure of the company, give full play to the supervision functions of independent directors and executive supervisors,
Prohibit the occurrence of improper related party transactions, benefit transmission and insider control, and protect the interests of investors and the public
Legal rights and interests of the company.
(4) The organizational structure of the company reflects the principle of clear responsibilities and mutual restriction, and each department has clear authorization
Division of power and independent operation. The company has established a scientific decision-making, standardized operation and efficient management mechanism,
Including democratic and transparent decision-making procedures and management rules of procedure, efficient and rigorous business execution system, and
Sound and effective internal supervision and feedback system.
(5) According to the company's own business characteristics, establish a strict and effective internal control system with progressive order, unified rights and responsibilities
Line:
① Each post has clear responsibilities, detailed job descriptions and business processes
Both parties shall be aware of and promise to comply in writing, and bear responsibilities within the scope of authorization.
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② Establish an important business processing voucher transmission and information communication system, and supervise each other between relevant departments and posts
Supervise checks and balances.
③ The company's chief inspector and the internal supervision and audit department are independent of other departments and implement the internal control system
The situation shall be strictly checked and fed back.
(6) Establish an effective human resource management system, improve the incentive and restraint mechanism, and ensure that the company's people at all levels
The staff shall have professional ethics and professional competence suitable for their job requirements.
(7) Establish a scientific and rigorous risk assessment system to identify, assess and
Analyze and timely prevent and resolve risks.
(8) Establish a rigorous and effective authorization management system, and authorization control runs through the beginning of the company's business activities
End.
① To ensure that the shareholders' meeting, the board of directors, the executive supervisor and the management fully understand and perform their respective functions and powers
Establish and improve the company's authorization standards and procedures to ensure the implementation of the authorization system.
② All business departments, branches and personnel at all levels of the Company shall exercise corresponding responsibilities within the specified scope of authorization.
③ The authorization of the company's major business shall be in writing, and the authorization content and time limit of the letter of authorization shall be specified.
④ The company properly authorizes and establishes authorization evaluation and feedback mechanism, including the
Feedback and evaluation, and timely modify or cancel the authorization that is no longer applicable.
(9) Establish a sound asset separation system between the company's assets and fund assets, and between the assets of different funds
And other entrusted assets shall be operated independently and accounted separately.
(10) Establish a scientific and strict post separation system, clearly divide the responsibilities of each post, investment and transaction
Important posts such as trading and clearing, fund accounting and company accounting shall not overlap. Important business departments
Physical isolation with the post.
(11) Formulate effective emergency response measures and establish crisis handling mechanisms and procedures.
(12) Maintain smooth information communication channels and establish a clear reporting system.
(13) Establish an effective internal control system, set up a chief inspector and an independent supervision and audit department
The implementation of the internal control system of the company shall be continuously supervised to ensure the implementation of the internal control system. Regular period of the company
Evaluate the effectiveness of internal control, and based on the market environment, new financial instruments, new technology applications and new
Laws and regulations shall be improved timely.
5. Main contents of internal control
(1) The company consciously abides by relevant national laws and regulations, and is strict in accordance with the nature and characteristics of investment management business
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Formulate management rules, operation procedures and job manuals, clearly reveal the possible risk points of different businesses and adopt
Take control measures.
(2) The main contents of business control research include:
① The research work remains independent and objective.
② Establish a rigorous research business process and form scientific and effective research methods.
③ Establish an alternative database system for investment objects based on sufficient research according to the requirements of the fund contract
And maintain alternative libraries.
④ Establish a business communication system for research and investment, and maintain a smooth communication channel.
⑤ Establish a research report quality evaluation system.
(3) The main contents of investment decision business control include:
① Strictly abide by the relevant provisions of laws and regulations, and comply with the investment objectives and investment scope specified in the fund contract
Circumstances, investment strategies, portfolios and investment restrictions.
② Perfect the investment decision-making authorization system, clearly define the investment authority, strictly abide by the investment restrictions, and prevent
Decision making.
③ Investment decisions have sufficient investment basis, and important investments are supported by detailed research reports and risk analysis,
And there are decision records.
④ Establish an investment risk assessment and management system, and make investment decisions within the set limit of risk authority.
⑤ Establish a scientific investment management performance evaluation system, including the situation of the investment portfolio and whether it conforms to the fund assets
Product characteristics and decision-making procedures, fund performance attribution analysis, etc.
(4) The main contents of fund trading business control include:
① The centralized trading system shall be adopted for fund trading, and the fund manager shall not directly issue investment instructions or
Direct trading.
② Establish transaction monitoring system, early warning system and transaction feedback system, and improve relevant safety facilities.
③ The transaction management department shall review the investment instructions and confirm that they are legal, compliant and complete before implementation
In case of any violation of laws and regulations or other abnormal conditions under the current order, the relevant departments and personnel shall be reported in a timely manner.
④ The Company implements a fair transaction distribution system to ensure that the interests of different investors can be treated fairly.
⑤ Establish a sound transaction record system, check and archive the daily portfolio list in a timely manner.
⑥ Establish a scientific trading performance evaluation system.
According to the principle of internal control, formulate the procedures and rules for OTC trading, offline subscription and other special transactions.
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(5) Establish a strict and effective system to prevent improper connected transactions from damaging the interests of fund share holders.
If the fund investment involves related transactions, it shall be specifically stated in the relevant investment research report and reported to the company for investment review
The committee deliberates and approves.
(6) The company strives for financial innovation on the basis of prudent operation and legal norms. Before full demonstration
Put forward to carefully consider the legal nature, operating procedures, economic consequences, etc. of financial innovation varieties or businesses, and strictly control
Legal risks and operational risks of new financial products and new businesses.
(7) Establish and improve customer service standards, sales channel management, advertising codes of conduct, and establish
The legal review system of advertising and sales behavior shall be formulated, and the sales personnel shall be strictly rewarded and punished.
(8) Formulate detailed registration workflow, establish registration computer system, and regularly check data
The backup system shall be established, and the confidential storage system of customer information shall be established.
(9) The Company has established a sound information disclosure system in accordance with laws, regulations and relevant provisions of the CSRC
To ensure that the information disclosed publicly is true, accurate, complete and timely.
(10) The company sets up a special department and senior managers to be responsible for information disclosure and a group to carry out information
Organize, review and release.
(11) Strengthen the inspection and evaluation of the information disclosure of the company and the fund, and propose timely changes to the existing problems
Methods shall be taken to put forward handling suggestions for the errors occurred, and relevant personnel shall be held accountable.
(12) The person who knows the inside information shall not disclose its contents before the information is publicly disclosed.
(13) According to the requirements of national laws and regulations, follow the principles of safety, practicality and operability
The management system of information system shall be formulated.
The design and development of the information technology system meet the requirements of the national and financial industry software engineering standards
Complete technical data; When realizing electronic business, security system and corresponding control mechanism shall be set, and
The auditability of the computer system and the joint inspection of the business and operation departments before the information technology system is put into operation
Collection.
(14) Through strict authorization system, post responsibility system, access control system, internal and external network separation system, etc
Management measures to ensure the safe operation of the system.
(15) The computer room, equipment, network and other hardware requirements comply with relevant standards, and the equipment operation and maintenance
The whole process implements clear responsibility management, and strictly divides responsibilities in business operation, technical maintenance, etc.
(16) The use of the company's software fully considers the safety, reliability, stability and scalability of the software
With authentication, access control, fault recovery, security protection, decentralized restriction and other functions. Information technology
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Technical personnel such as technical system design and software development shall not be involved in the actual business operation. Password port used by the user
It shall be replaced regularly and shall not be disclosed to others. The passwords of the database and operating system are protected by different personnel
Tube.
(17) Strictly manage the information data to ensure the safety, authenticity and integrity of the information data, and
It can be delivered to the accounting and other functional departments in a timely and accurate manner; Strictly enforce the authorized modification procedure of computer transaction data,
And adhere to the regular inspection system of electronic information data.
Establish an instant storage and backup system for electronic information data, and backup important data in different places and keep them for a long time.
(18) Regular audit and inspection of information technology system, improvement of security measures such as business data storage
Troubleshooting and disaster recovery drills to ensure reliable, stable and safe operation of the system.
(19) According to the Accounting Law of the People's Republic of China, the Accounting System for Financial Enterprises, the Securities Investment Fund
Financial Accounting Measures, General Principles of Enterprise Finance and other relevant national laws and regulations formulate fund accounting system
The company's financial system, accounting work operation process and accounting job manual, and for each risk control point
Establish strict accounting system control.
(20) Clarify the division of responsibilities, clarify the responsibilities of each accounting post on the basis of job division, and prohibit the need to
The position of mutual supervision is operated by one person alone.
(21) Take the fund as the accounting entity, establish accounts and conduct accounting independently to ensure that different funds
Register registration, account setting, fund allocation, account book recording and other aspects are mutually independent. Fund Accounting and Corporate Accounting
The accounting of the company is independent of each other.
(22) Take appropriate accounting control measures to ensure the normal operation of the accounting system.
① Establish a voucher system, through a series of voucher management systems such as voucher design, login, transfer and archiving
To ensure that economic business is correctly recorded and financial responsibilities are clearly defined.
② Establish accounting organization and accounting processing system, set up accounting books correctly, and effectively control accounting
Procedure.
③ Establish a review system to prevent accounting errors through accounting review and business review.
(23) Adopt reasonable valuation methods and scientific valuation procedures to fairly reflect the value of the fund's investment
The value of the security at the time of valuation.
(24) Standardize the clearing and settlement of funds, complete the clearing of funds in a timely and accurate manner within the scope of authorization,
Ensure the safety of fund assets.
(25) Establish a strict cost control and performance assessment system, and strengthen the accounting before, during and after the event
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Supervision.
(26) Formulate a sound system for keeping accounting files and financial handover, and the accounting department shall properly keep the secret
Business seals, checks and other important vouchers and accounting files, strict access procedures for accounting data, and prevent accounting data
Destruction, loss and leakage of data.
(27) Strictly formulate the financial revenue and expenditure approval system and expense reimbursement operation management measures, and consciously abide by the national
Financial and taxation system and financial discipline.
(28) The Company shall set up an inspector general who shall be responsible to the Board of Directors, who shall be appointed by the Board of Directors and reported to the CSRC for approval.
According to the needs of the Company's supervision and audit work and the authorization of the Board of Directors, the Chief Inspector can attend relevant meetings of the Company as nonvoting delegates
Read relevant files of the company and independently perform inspection, evaluation, report and construction on the implementation of internal control system
Discussion function. The Chief Inspector shall report the implementation of the Company's internal control to the Board of Directors regularly and irregularly, and the Board of Directors shall supervise
The Chief Inspector's report was reviewed.
(29) The company has set up a supervision and audit department, which is responsible for the management of the company and carries out supervision and audit work
The Division guarantees the independence and authority of the supervision and audit department.
(30) Specify the specific responsibilities of the supervision and audit department and internal posts, and allocate sufficient supervision and audit personnel
Strictly supervise the professional qualifications of auditors, and strictly supervise the operating procedures and organizational discipline of audit.
(31) Strengthen the internal inspection system, check the implementation of the internal control system regularly or irregularly,
Ensure the effective operation of the company's various business management activities.
(32) The board of directors and the management of the company attach importance to and support the supervision and audit work, and
In case of the Company's internal control system, relevant departments and personnel shall be held accountable.
6. Statement of the Fund Manager on the Internal Control System
(1) The Company promises that the above disclosure of internal control system is true and accurate.
(2) The Company promises to continuously improve its internal control system according to market changes and business development.
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Part IV Fund Custodian
1、 Overview of the Fund Custodian
1. Basic information
Name: China Merchants Bank Co., Ltd. (hereinafter referred to as "China Merchants Bank")
Date of establishment: April 8, 1987
Registered address: China Merchants Bank Building, No. 7088, Shennan Avenue, Shenzhen
Office address: China Merchants Bank Building, No. 7088, Shennan Avenue, Shenzhen
Registered capital: 25.220 billion yuan
Legal representative: Miao Jianmin
President: Wang Liang
Approval No. of asset custody business: Zheng Jian Ji Jin Zi [2002] No. 83
Tel.: 0755-83077987
Fax: 0755-83195201
Person in charge of information disclosure of Asset Custody Department: Zhang Shan
2. Development overview
China Merchants Bank, founded on April 8, 1987, is the first company in China that is solely held by a legal person
A joint-stock commercial bank with its head office in Shenzhen. Since its establishment, China Merchants Bank has carried out three capital and share increases,
It successfully issued 1.5 billion A-shares in March 2002 and was listed on the Shanghai Stock Exchange on April 9 (stock code:
600036), is the first company listed in China to adopt international accounting standards. It was successfully released in September 2006
2.2 billion H shares were listed on the Hong Kong Stock Exchange on September 22 (stock code: 3968) and October 5
Over allotment of H shares was exercised and 2.42 billion H shares were issued. As of September 30, 2023, the Group
The assets are 10668009 million yuan, the capital adequacy ratio under the advanced method is 17.38%, and the capital adequacy under the weight method is 17.38%
The rate was 14.48%.
In August 2002, China Merchants Bank established the Fund Custody Department; In August 2005, it was reported to the CSRC
Italy, renamed as Asset Custody Department, now has fund broker team, bancassurance trust team, pension team
Business management team, product R&D team, risk management team, system and data team, project support team
There are 10 functional teams in the operation management team and fund outsourcing business team, with 204 employees. November 2002
In September, the company was approved by the People's Bank of China and the China Securities Regulatory Commission to obtain the securities investment fund custody business qualification, and became a national
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The first listed bank in China to obtain the business qualification; In April 2003, the fund custody business was officially handled.
As the most qualified commercial bank for custody business, China Merchants Bank has securities investment fund custody and entrusted investment
Management Custody, Qualified Foreign Institutional Investor Custody (QFII), Qualified Domestic Institutional Investor Custody (QDII)
National Social Security Fund Trusteeship, Insurance Fund Trusteeship, Enterprise Annuity Fund Trusteeship, and Pilot Depositary Receipts
People and other business qualifications.
China Merchants Bank has established the trusteeship concept of "change according to the situation, think first" and "trust wealth and keep promises"
And created the brand system of "6S Custodian Bank" to "protect your business and protect your
"Fortune" is a historical mission, constantly innovating the trusteeship system, services and products: take the lead in launching "online trust" in the industry
"Managing the banking system", the comprehensive system of custody business and the "six heart" custody service standards, the first to release the performance of private equity funds
The efficiency analysis report, the first domestic custodian bank website, and the first domestic custodian big data platform were successfully launched
Custody of the first domestic securities firm's collective asset management plan, the first FOF, the first trust fund plan, the first
An equity private fund, the first money market fund redemption fund T+1, the first overseas bank
Bank QDII fund, the first dividend ETF fund, the first "1+N" fund special account financing, the first size
Non released assets, the first order of TOT custody, from a single custodian service provider to a comprehensive investor service institution
The transformation has been recognized by the industry.
China Merchants Bank's asset custody business continued to develop steadily, and its social influence continued to increase. It has won the title of "Financial
"China's Best Custody Professional Bank". In June 2016, China Merchants Bank won the title of "China's Best Trust" in the Capital
Bank management award ", becoming the only custodian bank in China to win this award; "Trusteeship" won the domestic Banker
2016 China Financial Innovation "Top Ten Financial Product Innovation Award"; In July, it was awarded the "Gold Medal" of China Asset Management in 2016
"Best Asset Custodian Bank". In June 2017, China Merchants Bank won the title of "Best in China" again in Capital
Trusteeship Bank Award "; "Full function online custody bank 2.0" won the "Top 10" of 2017 China's financial innovation by The Banker
Best Financial Product Innovation Award "; In August, it was awarded the title of "China's annual trusteeship" by Asia Banker, an authoritative international financial media
Bank Award ". In January 2018, China Merchants Bank was awarded the title of "2017" by China Government Securities Depository and Clearing Co., Ltd
Excellent Asset Custodian "; In the same month, the risk management system of China Merchants Bank's trusteeship big data platform was awarded
The first prize of the "golden idea" scheme of the CBRC system in 2016-2017, as well as the Central Financial League Working Committee
The second prize of the fifth "double promotion" golden idea scheme of the Financial Youth Federation; In March, it was awarded the "Best Fund for Public Offering" for 20 years
Gold Custodian Bank "; In May, it was awarded the title of "China's annual custodian bank" by Asia Banker, an authoritative international financial media
Award "; In December, it was awarded the "Best Custodian Bank in 2018" and "Most Worthy in 20 Years" on the 2018 Oriental Fortune List
Trust Trusteeship Bank "award. In March 2019, China Merchants Bank was awarded the "Best Base in 2018" by China Fund News
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Gold Custodian Bank "; In June, it was awarded the title of "China's Best Custodian" and "China's Best Pension Custody" by Asset Management
Three awards of "Best Retail Fund Administrative Outsourcing in China"; In December, it won the honor of 2019 Oriental Fortune
"2019 Best Custodian Bank". In January 2020, it won the title of "Central Government Bond Registration and Settlement Limited Liability"
Served as the company's "2019 Excellent Asset Custodian" award; In June, it won the title of "Best Trusteeship in China" of Asset Management
Three awards of "Best Public Fund Custodian" and "Best Public Fund Administrative Outsourcing Agency"; October
Won the "Best Fund Custodian Bank in 2019" award of China Fund News. In January 2021, it won the honor of the Central Committee
Award of "2020 Excellent Asset Custodian" of National Debt Registration and Clearing Co., Ltd; Won the title of 2020 in January
The award of "The Most Popular Custodian Bank in 2020" on the Oriental Fortune List; In October 2021, it won the title of "Guoxin"
"2021 Excellent Custodian Bank Award" of Investment Co., Ltd. and "2021 Outstanding Assets" of Securities Times
Trust Bank Tianji Award "; In December 2021, it won the honor of the third China Public Offering Fund Yinghua of China Fund Journal
"Best Fund Custodian Bank in 2020"; In January 2022, it was awarded the title of National Debt Registration and Settlement Co., Ltd
The company's "2021 Excellent Asset Custodian and Outstanding Valuation Business Institution"; In September, it won the "middle prize" of the Capital
National Best Custodian Bank, Best Public Fund Custodian Bank and Best Financial Custodian Bank; twelve
In June, it won the "Outstanding Asset Custodian Bank Tianji Award in 2022" of the Securities Times; Won in January 2023
"2022 Excellent Asset Custodian Award" of China Government Securities Depository and Clearing Co., Ltd., inter-bank market clearing
"2022 Excellent Custodian Award" of Accounting Institute Co., Ltd. and "2022" of National Interbank Funding Center
Three awards of the annual inter-bank local currency market custody business market innovation award; In April 2023, it won the title of "China
The second China Fund Industry Innovation Award "Trusteeship Innovation Award" of the Fund News. In September 2023, it was awarded the title of "China
National Fund News China Fund Industry Yinghua Award "25 Year Fund Custody Demonstration Bank of Public Fund" (national shares
Line).
2、 Key personnel
Mr. Miao Jianmin, Chairman and non-executive director of the Bank, has served as a director and director of the Bank since September 2020
Long. Doctor of Economics, Central University of Finance and Economics, senior economist. The 19th and 20th CPC Central Committees
Alternate members of the Committee. Chairman of China Merchants Group Co., Ltd. Former China Life Insurance (Group) Company
Vice chairman, president, vice chairman, president of the People's Insurance Group of China,
He was also the chairman of PICC Property and Casualty Insurance Co., Ltd. and the director of PICC Asset Management Co., Ltd
Chang, Chairman of the People's Health Insurance Company of China Limited, Director of the People's Insurance Company of China (Hong Kong) Limited
President, Chairman of PICC Capital Investment Management Co., Ltd., Director of the People's Pension Insurance Company of China Limited
President of the People's Life Insurance Company of China.
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Mr. Wang Liang, born in December 1965, is the Executive Director, Secretary of the Party Committee and President of the Bank. Chinese people
Master degree, senior economist. Joined Beijing Branch of the Bank in June 1995, since 2001
He has successively served as Assistant President, Vice President and President of Beijing Branch of the Bank since October, and Assistant President of the Bank since June 2012
He also served as the President of Beijing Branch. In November 2013, he no longer served as the President of Beijing Branch of the Bank, but in January 2015
Vice President of the Bank, concurrently served as Secretary of the Board of Directors of the Bank from November 2016 to April 2019, and from April 2019 to April 2019
Served concurrently as the financial director of the Bank in February 2023, the executive vice president of the Bank in August 2021, and the executive vice president of the Bank in August 2021
-In April 2023, he concurrently served as the Secretary of the Board of Directors, the Company Secretary and the authorized representative of Hong Kong listing related matters,
He will take full charge of the work of the Bank from April 18, 2022, and serve as the Secretary of the Party Committee of the Bank from May 19, 2022,
President of the Bank from June 15, 2022. Vice President of China Payment and Clearing Association and China Banking Association
The fourth director of the Professional Committee of Intermediate Business, and the sixth executive director of the Chinese Society of Financial Accounting.
Mr. Peng Jiawen, Vice President, Financial Officer and Secretary of the Board of Directors of the Bank. National Economy of Central South University of Finance and Economics
Bachelor degree in economic planning, senior economist. Joined the Bank in September 2001 and served successively as the head office's planned finance
Assistant General Manager and Deputy General Manager of the Department, Deputy General Manager and General Manager of the Head Office's Retail Comprehensive Management Department, and retail funds of the Head Office
Deputy General Manager, Vice President, Vice President and General Manager of Retail Credit Department of the Head Office, President and General Manager of Zhengzhou Branch
General Manager of the Bank's Asset and Liability Management Department, Assistant to the Bank's President, and Vice President of the Bank since November 2023. part-time
The Bank's financial principal, the Secretary of the Board of Directors, and the General Manager of the Head Office's Asset and Liability Management Department.
Ms. Sun Le, General Manager of Asset Custody Department of China Merchants Bank, graduated with a master's degree in August 2001
Since joining China Merchants Bank, he has successively served as Deputy Manager, Manager and Credit Management Department of Risk Control Department of Hefei Branch of China Merchants Bank
General Manager Assistant, Deputy General Manager, General Manager, General Manager of Corporate Banking Department, General Manager of SME Finance Department
General Manager of Investment Banking and Financial Market Department; Assistant President and Vice President of Wuxi Branch; Vice President of Nanjing Branch, with
More than 20 years of banking experience, with deep experience in risk management, credit management, corporate finance, asset custody and other fields
In the research and rich practical experience.
3、 Operation of fund custody business
As of September 30, 2023, China Merchants Bank Co., Ltd. has deposited 1322 securities investments
Fund.
4、 Custodian's internal control system
1. Internal control objectives
China Merchants Bank ensures that custody business strictly complies with relevant national laws and regulations and industry supervision system, and adheres to
The business philosophy of legal operation and standardized operation; Form a scientific and reasonable decision-making mechanism, implementation mechanism and supervision mechanism,
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Prevent and resolve business risks, and ensure the stable operation of custody business and the safety of custody assets; Build in favor of
Risk control system to check errors, prevent fraud, block loopholes, eliminate hidden dangers, ensure stable operation of business, and ensure trusteeship
The business information is true, accurate, complete and timely; Ensure continuous improvement of internal control mechanism and system and various businesses
Continuous improvement of systems and processes.
2. Internal control organizational structure
The asset custody business of China Merchants Bank has established a three-level internal control and risk prevention system:
The first level internal control and risk prevention is to prevent risks at the risk management and control level of the head office of China Merchants Bank
And control; The Head Office Risk Management Department, Legal Compliance Department and Audit Department independently evaluate and supervise the asset custody business
And put forward suggestions on improving internal control management.
The second level internal control and risk prevention is the establishment of a risk compliance management team by the Asset Custody Department of China Merchants Bank
Team, responsible for the department's internal risk prevention and control, timely finding internal control defects, proposing rectification plans
Follow up the rectification and report directly to the department general manager office.
The three-level internal control and risk prevention are the key points for the asset custody department of China Merchants Bank to follow when setting professional posts
In the principle of control and balance, the corresponding supervision and balance mechanism shall be formulated according to the risk degree of the business.
3. Internal control principle
(1) Principle of comprehensiveness. Internal control covers all business processes and operation links, and all teams
And positions, and all personnel participate.
(2) Prudence principle. The composition of the trusteeship organization system and the establishment of the internal management system are all in line with the model
Insurance and prudent operation are the starting points, reflecting the requirements of "internal control priority".
(3) The principle of independence. The responsibilities of all teams and positions in the Asset Custody Department of China Merchants Bank remain relatively independent,
Separate between different custody assets and between custody assets and self owned assets. Inspection and evaluation of internal control
The department is independent of the establishment and implementation department of internal control.
(4) Principle of effectiveness. The effectiveness of internal control includes the effectiveness of internal control design and internal control
Effectiveness of execution. The effectiveness of the design of internal control means that the design of internal control covers all aspects that should be concerned
Important risks, and the designed risk response measures are appropriate. The effectiveness of the implementation of internal control refers to the ability of internal control to
It can be strictly and effectively implemented according to the design requirements.
(5) Adaptability principle. Internal control adapts to the needs of China Merchants Bank's custody business risk management, and can
With the change of the internal environment such as the management strategy, management policy and management philosophy of the custody business and the national laws
Changes in external environment such as laws and regulations, policies and systems shall be revised and improved in a timely manner.
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(6) Firewall principle. The office space of the Asset Custody Department of China Merchants Bank is isolated from other business sites of the Bank,
The office network and business network are physically separated, and the department business network and the bank wide business network firewall strategy are separated to achieve wind
The purpose of insurance prevention.
(7) Importance principle. Internal control focuses on important custody business on the basis of comprehensive control
Important matters and high-risk links.
(8) The principle of checks and balances. Internal control can realize the management of organizational system, institutional setting, and division of rights and responsibilities
The configuration and business processes restrict and supervise each other, while taking into account the operational efficiency.
4. Internal control measures
(1) Perfect system construction. The Asset Custody Department of China Merchants Bank conducts internal control management and asset management
Develop a system of product acceptance, accounting, capital clearing, post management, file management and information management
List rules and regulations, and establish a three-layer system, namely: basic regulations, business management measures and business operation rules
Cheng. Clear institutional structure, clear management requirements, meet the requirements of full coverage of risk management, and ensure assets
The trusteeship business is operated in a scientific, institutionalized and standardized way.
(2) Business information risk control. The Asset Custody Department of China Merchants Bank is strict in data transmission and storage
Grid encryption and backup measures, using encryption and direct connection to transmit data, and performing real-time backup of data in different places,
All business information can only be accessed after strict authorization.
(3) Risk control of customer data. The Asset Custody Department of China Merchants Bank deals with customers
The account information is strictly confidential. Except for laws, regulations and other relevant provisions, regulatory agencies and audit requirements, the company will not
Any organization, department or individual divulges.
(4) Information technology system risk control. China Merchants Bank's management of IT system room and authority
Double staff, double posts and double responsibilities, computer room on duty 24 hours a day and set access control, all computers set passwords and corresponding
jurisdiction. Double separation system between business network and office network, custody business network and bank wide business network, and external business institutions
Implement firewall protection and take emergency backup management measures for information technology system in two places and three centers to ensure
Security of information technology systems.
(5) Human resources control. The Asset Custody Department of China Merchants Bank has established a good corporate culture and staff
Training, incentive mechanism, strengthening human resource management and establishing talent echelon team and talent reserve mechanism are effective
To carry out human resources management.
5、 Methods and procedures for the Fund Custodian to supervise the Fund Manager's operation of the Fund
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According to the Law of the People's Republic of China on Securities Investment Funds and the Operation and Management of Publicly Offered Securities Investment Funds
Measures and other relevant laws and regulations, as well as the fund contract and custody agreement
The legality and compliance of investment proportion, investment portfolio, etc. shall be monitored and verified.
In the process of fund liquidation and accounting services provided for fund investment operation, the fund custodian
The investment instructions sent by the manager and the fund manager's inspection and supervision of the withdrawal and payment of each fund's fees
And refuse to execute any instruction that violates any law, regulation or fund contract, and immediately notify the fund manager.
If the Fund Custodian finds that the investment order of the Fund Manager that has become effective according to the transaction procedure violates the law
Administrative regulations and other relevant provisions, or in violation of the provisions of the fund contract, notify the fund management in writing in a timely manner
The manager shall make rectification, and the time limit for rectification shall conform to the adjustment period allowed by laws and regulations and the fund contract. Fund management
After receiving the notice, the Manager shall check and confirm in a timely manner and send a reply in writing to the Fund Custodian for correction. base
If the Fund Manager fails to correct the violations notified by the Fund Custodian within the time limit, the Fund Custodian shall report
China Securities Regulatory Commission.
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Part V Relevant Service Organizations
1、 Sales organization and contact person
1. Direct selling mechanism
Name: Cinda Australia Asia Fund Management Co., Ltd
Address: China Resources Building, 2666 Keyuan South Road, Haizhu Community, Yuehai Street, Nanshan District, Shenzhen
L1001
Office address: 10/F, China Resources Building, 2666 Keyuan South Road, Nanshan District, Shenzhen
Legal representative: Zhu Yongqiang
Tel.: 0755-82858168/83077068
Fax: 0755-83077038
Contact: Wang Jieying
Website: www.fscinda.com
Postal code: 518063
2. Agency
See the Fund Unit Offering Announcement of the Fund for details.
The Fund Manager may, in accordance with the requirements of relevant laws and regulations, choose other institutions that meet the requirements for sales agency
The Fund may change the above selling institute on a commission basis and publicize it on the Fund Manager's website.
2、 Registration Authority
Name: Cinda Australia Asia Fund Management Co., Ltd
Address: China Resources Building, 2666 Keyuan South Road, Haizhu Community, Yuehai Street, Nanshan District, Shenzhen
L1001
Office address: 10/F, China Resources Building, 2666 Keyuan South Road, Nanshan District, Shenzhen
Legal representative: Zhu Yongqiang
Tel.: 0755-83172666
Fax: 0755-83196151
Contact: Liu Yulan
3、 Law firm and handling lawyer issuing legal opinion
Name: Shanghai Yuantai Law Firm
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Office address: Room 1405, Huaxia Bank Building, 256 Pudong South Road, Shanghai
Person in charge: Liao Hai
Tel.: 021-51150298
Fax: 021-51150398
Contact: Liu Jia
Handling lawyers: Liu Jia, Huang Lihua
4、 The accounting firm that audits the fund property and the certified public accountant in charge
Name: Ernst&Young Huaming Certified Public Accountants (Special General Partnership)
Address: Room 01-12, Floor 17, Ernst&Young Building, Oriental Plaza, No. 1, East Chang'an Street, Dongcheng District, Beijing
Office address: Room 01-12, Floor 17, Ernst&Young Building, Oriental Plaza, No. 1, East Chang'an Street, Dongcheng District, Beijing
Legal representative (executive partner): Mao Anning
Tel: 010-58153000
Fax: 010-85188298
Contact: Gao He
Handling CPA: Gao He, Deng Wen
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Part VI Fund Raising
1、 Basis for fund raising
The Fund Manager shall, in accordance with the Fund Law, the Operation Measures, the Sales Measures and the Information Disclosure
Measures, fund contracts and other relevant regulations.
The Fund was approved to be registered by the CSRC in ZJXK [2024] No. 558 on April 7, 2024
raise.
2、 Fund type and duration
Fund type: hybrid
Fund operation mode: contractual and open
Duration of the Fund: irregular
3、 Type of Fund Units
According to the different collection methods of subscription/subscription fees, redemption fees and sales service fees, the Fund
The shares are divided into Class A and Class C fund shares. Collect subscription/subscription fees when investors subscribe/subscribe
The redemption fee is charged according to the holding period and the sales service fee is no longer withdrawn from the fund assets of this category
Fund shares, referred to as Class A fund shares; No subscription/subscription fees will be charged when investors subscribe/subscribe
At the time of redemption, the redemption fee is charged according to the holding period, and the sales service fee is withdrawn from the fund assets of this category
Gold shares are called Class C fund shares.
Fund codes shall be set for Class A and Class C fund units of the Fund to calculate and announce the net value of fund units respectively
Value and cumulative net value of fund units.
Investors can choose the type of fund units to subscribe/subscribe for at their own discretion. Different fund share categories of the Fund
No mutual conversion is allowed. The fund manager shall determine the specific setting and rate level of the fund unit category,
It shall be announced in the prospectus. According to the operation of the Fund, the Fund Manager may, without violating laws and regulations
Under the condition that the fund contract is agreed and there is no material adverse impact on the interests of existing fund share holders
The Fund Custodian shall stop the sale of existing fund share categories, add new fund share categories or
The Fund Manager shall timely announce the adjustment of the fund unit classification methods and rules before the implementation of the adjustment
Convene a general meeting of fund share holders.
4、 Selling face value of fund units
The selling face value of the Fund units is RMB 1.00.
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5、 Fund raising period
According to relevant laws and regulations, the raising period of the Fund shall not exceed
After 3 months. For the specific time of raising, please refer to the announcement on the sale of fund units and the relevant announcement of the sales institution.
6、 Target
Individual investors, institutional investors, contract investors who can invest in securities investment funds in accordance with laws and regulations
Foreign investors and other investors allowed by laws and regulations or the CSRC to purchase securities investment funds.
7、 Raising objectives
The total number of units raised by the Fund shall not be less than 200 million, and the amount raised by the Fund shall not be less than 200 million yuan.
The Fund can set the upper limit of the initial raising scale. See the Fund for the specific raising upper limit and scale control scheme
Unit Offering Announcement. If the Fund sets a ceiling on the size of the initial offering, the fund contract will not be subject to this offering after it takes effect
Module limits.
8、 Way and place of raising
The fund is sold through the fund sales outlets of each sales agency or by the fund manager and sales agency
Public offering in other ways. For the specific list of each sales agency, see the fund unit offering announcement and the fund manager website
Station.
The Fund Manager may, as required, change or add or delete other qualified institutions to sell the Fund as an agent
It shall be publicized on the fund manager's website in accordance with relevant regulations.
9、 Subscription of Fund Units
1. Subscription schedule
The specific business handling time of each day during the offering and raising period of the Fund shall be determined by the public offering of the Fund units
Notice or relevant announcement regulations of each sales agency.
Each sales agency handles the daily specific business of institutions or individuals during the offering and raising period of the Fund
The time may be different. If this prospectus or the announcement on the sale of fund units is not clearly stipulated, each sale
The institution shall decide the time of daily business handling at its own discretion.
2. Documents to be submitted and procedures to be handled by investors for subscription
For the documents to be submitted and the procedures to be handled by investors for subscription, please refer to the Fund Unit Offering of the Fund in detail
Announcement or relevant business handling rules of each sales agency.
3. Subscription method and confirmation
(1) The subscription of fund units shall be in the form of amount subscription;
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(2) When the investor subscribes, it shall pay in full in the way specified by the sales agency
Fund units can be subscribed for multiple times within the, but the accepted subscription application cannot be revoked. Recognition of Class A Fund Units
The purchase fee is calculated separately according to the subscription application of each Class A fund unit;
(3) The acceptance of the subscription application by the fund sales agency does not necessarily mean that the application is successful, but only represents that
The sales agency did receive the subscription application. The confirmation of the subscription application shall be subject to the confirmation result of the registration authority. throw
After the fund contract comes into effect, the investor can go to each sales outlet or inquire in other legal and effective ways provided by it
The investor shall timely inquire about the final transaction confirmation and properly exercise its legal rights, otherwise
Any loss shall be borne by the investor.
4. Limitation on Subscription Amount
(1) If the cumulative number of fund units subscribed by a single investor of the Fund reaches or exceeds the total number of fund units
50%, the fund manager may limit the subscription application of the investor by means of proportion confirmation.
The Fund Manager's acceptance of a certain subscription application or some subscription applications may cause a single investor to avoid the aforementioned 50% in disguised form
The Fund Manager has the right to reject all or part of such subscription applications if the proportion requires. Basis subscribed by investors
The amount of funds shall be subject to the confirmation of the registration authority after the fund contract takes effect.
The Fund Manager may adjust the restrictions on the subscription of each account and the holding of fund units
Please refer to relevant announcements for details.
(2) Subscription minimum
1) The minimum amount of initial subscription and additional subscription of the Fund at the sales outlets of the selling institutions on a commission basis is 1 yuan (including
Subscription fee), which shall be subject to the agreement between the fund manager and the selling institute on a commission basis. See the fund shares of the Fund for details
Offering announcement;
2) The minimum amount of initial subscription by the sales outlets of the direct selling institutions of the Fund is RMB 50000 (including subscription
Fee), the minimum amount of additional subscription is 10000 yuan (including subscription fee);
3) Single fund subscription business is handled through the fund manager's online trading system and other specific trading methods
The minimum amount of subscription is not subject to the above restrictions. See the Fund Unit Offering Announcement for details.
(3) The Fund Manager may adjust the amount of subscription in accordance with the provisions of relevant laws and regulations and market conditions
Restriction, the fund manager shall, before the implementation of the adjustment
Notice.
5. Fund subscription fee
The Fund adopts the amount subscription method, the subscription adopts the front-end charging mode, and the rate is based on the subscription amount
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For example, if the investor has more than one subscription within one day, the applicable rate shall be calculated separately for each subscription. The Fund
Subscription fees are charged for Class A fund units and not for Class C fund units. Class A fund shares of the Fund
The maximum subscription rate shall not exceed 1.20% and shall decrease with the increase of subscription amount, as follows:
Subscription amount M (yuan) (including subscription fee) subscription rate
M ＜ 1 million yuan 1.20%
RMB 1 million ≤ M ＜ RMB 3 million 0.80%
3 million yuan ≤ M ＜ 5 million yuan 0.50%
M ≥ 5 million yuan, 1000 yuan/transaction
The subscription fees of the Fund shall be borne by the Fund investors and shall not be included in the Fund assets. The subscription fee is used for the base
Various expenses incurred during the raising period such as marketing, sales and registration of gold.
10、 Treatment method of raised fund interest
Before the fund contract comes into effect, the subscription funds of investors can only be deposited into a special account and may not be used. Valid recognition
The bank deposit interest generated during the raising period of the purchase item will be converted into the basis of the fund unit classified into the corresponding category
The specific amount of interest and the specific amount of interest transferred to the share owned by the gold share holder shall be
The record shall prevail.
11、 Calculation of subscribed shares
The Fund adopts the principle of subscription in amount and prepayment in full.
1. Subscription of Class A Fund Units
If investors choose to subscribe for Class A fund units of the Fund, the calculation method of subscribed units is as follows:
The subscription amount of Class A fund units includes subscription fees and net subscription amount. Including:
For subscription of subscription fee with applicable proportional rate:
Net subscription amount=subscription amount/(1+subscription rate)
Subscription fee=subscription amount - net subscription amount
Subscription unit=(net subscription amount+interest generated from subscription amount)/selling face value of fund unit
For subscriptions to which a fixed amount subscription fee applies:
Net subscription amount=subscription amount - subscription fee
The above calculation results (including the number of fund shares) shall be rounded to two decimal places
The profit or loss arising from this error shall be borne by the fund property.
Example: An investor invests 10000 yuan to subscribe for Class A fund shares of the Fund
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If the interest obtained by the fund is 5 yuan, the available Class A fund shares are calculated as follows:
Net subscription amount=10000/(1+1.2%)=9881.42 yuan
Subscription fee=10000 － 9881.42=118.58 yuan
Subscribed shares=(9881.42 ＋ 5)/1.00=9886.42
That is, the investor invests 10000 yuan to subscribe for Class A fund shares of the Fund, plus the subscription funds during the subscription period
9886.42 Class A fund shares can be obtained with the interest of 5 yuan.
2. Subscription of Class C Fund Units
If investors choose to subscribe for Class C fund units of the Fund, the calculation method of subscribed units is as follows:
Subscription amount=total application amount
Subscription units=(subscription amount+subscription interest)/selling face value of fund units
The above calculation results (including the number of fund shares) shall be rounded to two decimal places
The profit or loss arising from this error shall be borne by the fund property.
For example, an investor invests 100000 yuan to subscribe for Class C fund shares of the Fund
If the interest obtained by the fund is 50 yuan, the amount of Class C fund shares available to the fund is calculated as follows:
Subscribed shares=(100000.00+50.00)/1.00=100050.00
That is, the investor invests 100000 yuan to subscribe for Class C fund shares of the Fund, plus the subscription funds within the subscription period
The interest obtained is 50 yuan, and 100050.00 Class C fund shares can be obtained.
12、 Funds and expenses during the raising period
The funds raised during the fund raising shall be deposited into a special account
Personnel shall not be used.
Information disclosure fees, accountant fees, attorney fees and other fees during the fund raising period shall not be paid from the fund
Expenditures in property.
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Part VII Fund Filing and Effectiveness of Fund Contract
1、 Conditions for Fund Filing
The total amount 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
Under the condition that the fund raised amount is not less than 200 million yuan and the number of fund subscribers is not less than 200,
The fund raising period expires or the fund manager may decide to stop the fund distribution in accordance with laws, regulations and the prospectus
The Fund Manager shall, within 10 days after receiving the capital verification report, engage a statutory capital verification institution to verify the capital
Within days, go through the fund filing procedures with the CSRC.
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. base
The Fund Manager shall announce the effectiveness of the Fund Contract 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, and before the end of the fund raising,
No one can use it.
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 the investors within 30 days after the expiration of the fund raising period, and add the same amount as the bank
Current deposit interest;
3. If the fund raising fails, the fund manager, the fund custodian and the sales institution shall not request remuneration.
All expenses paid by the Fund Manager, the Fund Custodian and the Sales Agency for the Fund raising shall be borne by each party
Dan.
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 share holders is less than 200 for 20 consecutive working days
If the net asset value of the fund or the fund is less than 50 million yuan, the fund manager shall report it in the regular report
disclosure; In case of the above circumstances for 60 consecutive working days, the Fund Manager shall, within 10 working days
The CSRC reports and proposes solutions, such as continuous operation, conversion of operation mode, merger with other funds, or
Or terminate the fund contract, and convene a general meeting of fund unit holders to vote within 6 months. laws and regulations
Or if the CSRC has other provisions, 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 agency will be managed by the fund manager
Listed in the prospectus or the fund manager's website. The Fund Manager may change or increase or decrease sales according to the circumstances
And publicized on the fund manager's website. Fund investors shall handle fund sales business at the sales institution
The subscription and redemption of fund units shall be handled at the business premises of or in other ways provided by the sales agency.
If the fund manager or its designated sales agency opens telephone, fax or online trading methods
People can apply for and redeem through the above methods.
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 invests in Hong Kong stocks and
If the trading day is not a Hong Kong Stock Connect trading day, the Fund may not open the subscription, redemption or other businesses of fund units
The specific announcement issued in advance at that time shall prevail), but the fund manager shall
Except for the announcement of suspension of subscription and redemption according to the requirements of the Association or the provisions of the Fund Contract.
After the fund contract comes into effect, if there is a new securities/futures trading market or a securities/futures exchange
In case of occasional changes or other special circumstances, the Fund Manager has the right to compare the aforesaid opening days and opening hours according to the circumstances
Shall be adjusted, but shall be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation date.
2. Start date of subscription and redemption and business handling time
The Fund Manager shall apply for subscription within three months from the effective date of the Fund Agreement, and the specific business shall be handled
The processing time is specified in the relevant announcement.
The Fund Manager shall handle the redemption within three months from the effective date of the Fund Contract
The processing time is specified in the relevant announcement.
After determining the start time of subscription and redemption, the Fund Manager shall, before the opening day of subscription and redemption
The starting time of subscription and redemption shall be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures.
The fund manager may not handle the subscription of fund units
Redemption or conversion. The investor puts forward the subscription, redemption or conversion on a date and time other than that specified in the fund contract
If the application is made and the registration authority confirms to accept, the subscription and redemption price of the fund units shall be the fund units on the next open day
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Purchase and redemption prices.
3、 Principles of subscription and redemption
1. The principle of "unknown price", that is, the subscription and redemption price is the net value of fund units calculated after the closing of the application day
Value as the benchmark for calculation;
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;
4. Redemption follows the principle of "first in, first out", that is, it is carried out in the order of investors' subscription and purchase
Ordinal redemption;
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 legitimate rights and interests of 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
It must be announced on the specified 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, the investor must pay the subscription amount in full, otherwise the application for subscription submitted has no
Effectiveness. The investor submits the application for subscription, pays the subscription amount in full, and the subscription is established; Confirmed by the fund share registration authority
The subscription takes effect when the fund units are subscribed.
The investor must hold sufficient fund unit balance when submitting the redemption application, otherwise the submitted redemption application
Please be invalid. The redemption is established when the fund unit holder submits the redemption application; Redemption confirmed by fund share registration authority
Redemption takes effect when.
After the investor's redemption application takes effect, the fund manager will pay the redemption amount within T+7 days (including that day)
Item. In the event of massive redemption, other circumstances specified in the fund contract that suspend redemption or postpone payment of redemption funds
The payment method shall refer to the relevant provisions of the fund contract.
In case of data transmission delay, communication system failure, bank data exchange system failure
Failure of Hong Kong Stock Connect trading system or restriction of Hong Kong Stock Connect capital delivery rules or other non fund managers and fund trusts
If the factors that the administrator can control affect the business process, the redemption payment shall be postponed until the above circumstances are eliminated.
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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 the redemption application date (T day). Under normal circumstances, the Fund's registration authority has
Validation. For the valid application submitted on T day, the investor can go to the sales network after T+2 day (including that day)
Click the counter or inquire about the confirmation of the application in other ways specified by the sales agency. If the subscription is invalid,
The principal of the subscription amount shall be returned to the investor. The acceptance of the application for subscription and redemption by the fund sales agency does not mean that
The application must be successful, but it only means that the sales organization has actually received the application. Confirmation of subscription and redemption application
The confirmation result of the institution shall prevail. For the confirmation of the application, the investor should timely inquire and properly exercise the cooperation
Legal rights.
4. To the extent permitted by laws and regulations, the Fund registration authority may, in accordance with relevant business rules
The said business handling time will be adjusted, and the Fund Manager will make an announcement in accordance with relevant regulations before implementation.
5、 Quantity limit of subscription and redemption and handling method of balance
1. Investors can subscribe for multiple times, but the number of fund units held by a single investor shall not reach or exceed the fund
50% of the total number of shares, and shall not reach or exceed the total number of fund shares in a disguised way through persons acting in concert
50% (passively reaching or exceeding 50% due to redemption of fund shares and other circumstances during fund operation
Except).
2. The minimum amount of the first subscription of the investor at the sales outlet of the sales agency is 1 yuan (including the subscription
Fees), the minimum amount of additional subscription is RMB 1 (including subscription fees); Each sales agency has the lowest
If there are other provisions on the subscription amount and transaction level difference, the business provisions of each sales agency shall prevail. Investors in the direct
The minimum amount of initial subscription of sales outlets of sales institutions is 50000 yuan (including subscription fees)
The minimum amount is 10000 yuan (including subscription fees); Through the Fund Manager's online fund trading system, etc
The purchase of the Fund by specific trading methods is not subject to the above restrictions temporarily. See the relevant announcements issued by the Fund Manager at that time for details;
Fund investors are not subject to the minimum subscription amount when they transfer the fund income allocated in the current period to fund units.
The specific subscription amount limit shall be subject to the announcement of each fund sales agency.
3. When redeeming the Fund, an investor may apply to redeem part or all of the Fund units he holds,
The minimum unit for a single redemption is one fund unit. If an investor has a fund unit in custody at the sales outlet
If there is less than 1 fund share or a redemption results in less than 1 fund share held by the holder in the sales outlet, then all
Fund units must be redeemed together; Such as dividend reinvestment, non trading transfer, custody transfer, huge redemption
If the account balance is less than 1 due to cash conversion and other reasons, it is not subject to this limit, but it must be
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Secondary full redemption.
4. The minimum fund unit balance of each fund trading account of a single fund unit holder is 1.
5. 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 subscription amount of a single investor or the upper limit of the net subscription proportion of a single day of the Fund
Measures such as rejecting large amount subscription, suspending fund subscription, etc. shall be taken to effectively protect the legitimate rights and interests of holders of stock fund units.
The fund manager can take the above measures to control the fund size based on the needs of investment operation and risk control
System. See the relevant announcement of the Fund Manager for details.
6. The Fund Manager may adjust the above specified subscription amount and redemption if permitted by laws and regulations
The number of shares, or the control measures for the size of new funds. The fund manager must comply with
The relevant provisions of the Information Disclosure Measures shall be announced on the specified media.
7. Processing method of subscription units and balance: the effective unit of a certain type of fund unit subscribed is net subscription
The amount is divided by the net value of such fund units on the current day. The effective unit is units. The above calculation results are rounded
The five entry method shall be reserved to two decimal places, and the resulting gains or losses shall be borne by the fund property.
8. Disposal method of redemption amount: the redemption amount is the effective redemption unit actually confirmed multiplied by the current day
The net value of such fund units and the corresponding expenses shall be deducted, and the unit of redemption amount is yuan. The above calculation results are based on four
The rounding method shall be reserved to 2 decimal places, and the resulting gains or losses shall be borne by the fund property.
6、 Subscription fees and redemption fees
1. Fund codes are set for Class A fund units and Class C fund units of the Fund, which are calculated and announced separately
Net value of fund units and cumulative net value of fund units.
Net value of certain fund units on T day=net value of such fund assets on T day/total number of such fund units on T day. Base
The net value of various fund units shall be calculated to 4 decimal places, and the fifth decimal place shall be rounded off,
The resulting gains or losses shall be borne by the fund property. Net value of various fund units on T day after the close of the day
Calculate and announce within T+1 days. In case of special circumstances, the calculation can be postponed or
Notice.
2. Subscription rate
There is no subscription fee for Class C fund units of the Fund, and the subscription fee for Class A fund units is charged by the subscription fee for Class A fund units
The fund shares shall be borne by the investors, not included in the fund property, and mainly used for the market promotion, sales and registration of the fund
Record all expenses.
The subscription rate of Class A fund units of the Fund is shown in the following table:
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Subscription amount M (yuan) (including subscription fee) subscription rate
M ＜ 1 million yuan 1.50%
1 million yuan ≤ M ＜ 3 million yuan 1.00%
3 million yuan ≤ M ＜ 5 million yuan 0.60%
M ≥ 5 million yuan, 1000 yuan/transaction
The subscription fee for Class A fund units of the Fund shall be charged when investors subscribe for Class A fund units. investment
If there are multiple subscriptions within one day, the applicable rate shall be calculated separately for each subscription. Investor chooses dividend automatically
No subscription fee will be charged for the fund units converted from reinvestment.
3. Redemption rate
(1) The redemption rate of Class A fund units of the Fund is shown in the following table:
Holding time D (days) Redemption rate of Class A fund units
D＜7
1.50%
7≤D＜30 0.75%
30≤D＜180 0.50%
D≥180 0%
Investors can redeem all or part of their Class A fund units. Redemption fee is determined by redemption of Class A base
The Fund Unitholders of gold units shall bear and collect when the Fund Unitholders redeem Class A Fund units. yes
The redemption fee charged by the holders of Class A fund units with a continuous holding period of less than 30 days shall be included in the fund property in full;
The total redemption fees charged to holders of Class A fund units with a continuous holding period of 30 days or more but less than 90 days
75% of the amount shall be included in the fund property; For Class A funds with a continuous holding period of more than or equal to 90 days but less than 180 days
50% of the total redemption fee charged by the holder shall be included in the fund property. The part not included in the fund property is used for expenditure
Pay registration fees and other necessary fees.
(2) The redemption rate of Class C fund units of the Fund is shown in the following table:
Holding time D (days) Redemption rate of Class C fund units
D＜7 1.50%
7≤D＜30 0.50%
30≤D 0%
Investors can redeem all or part of their Class C fund units. Redemption fee is determined by redemption of Class C base
The Fund Unitholders of gold units shall bear and collect when the Fund Unitholders redeem Class C Fund units. yes
The redemption fee charged by the holders of Class C fund units with a continuous holding period of less than 30 days shall be included in the fund property in full.
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4. The fund manager may adjust the rate or charging method within the scope agreed in the fund contract, and at the latest
In accordance with the relevant provisions of the Information Disclosure Measures, the new rate or charging method shall be applied in the specified media before the implementation date of the new rate or charging method
Announcement on.
5. The Fund Manager may, without violating the provisions of laws and regulations and the provisions of the Fund Contract
Market conditions: formulate fund promotion plans and carry out fund promotion activities regularly or irregularly. Promotion activities in the fund
During the dynamic period, the Fund Manager may appropriately lower the application for the Fund after performing the necessary procedures as required by the relevant regulatory authorities
The purchase rate, fund redemption rate and sales service rate shall be announced.
6. In case of large amount purchase or redemption of the Fund, the Fund Manager may use the swing pricing machine
To ensure the fairness of fund valuation. Specific handling principles and operation specifications shall comply with relevant laws and regulations and
Provisions of regulatory authorities and self-discipline rules.
7、 Calculation method of subscription units and redemption amount
1. Calculation of subscription shares
(1) Subscription of Class A Fund Units
The subscription amount of Class A fund units of the Fund includes subscription fees and net subscription amount. Including:
For the application of subscription fee with applicable 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 Class A fund units on day T
For the application of fixed amount subscription fee:
Net subscription amount=subscription amount - subscription fee
For example, an investor invests 10000 yuan to subscribe for Class A fund shares of the Fund, and the corresponding rate is 1.5%,
Assuming that the net value of Class A fund units on the day of subscription is 1.0500 yuan, the subscription units available are:
Net subscription amount=10000/(1+1.5%)=9852.22 yuan
Subscription fee=10000 － 9852.22=147.78 yuan
Subscription shares=9852.22/1.0500=9383.07
That is, the investor invests 10000 yuan to subscribe for Class A fund shares of the Fund, and the corresponding rate is 1.5%
Assuming that the net value of Class A fund units on the day of subscription is 1.0500 yuan, they can get 9383.07 Class A fund units.
(2) Subscription of Class C Fund Units
Subscription amount=total application amount
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Subscription units=subscription amount/net value of Class C fund units on day T
For example: an investor invests 500000.00 yuan to subscribe for Class C fund shares of the Fund, assuming that Class C shares are subscribed on the day of subscription
If the net value of fund units is 1.0500 yuan, the Class C fund units available are:
Subscription shares=500000.00/1.0500=476190.48
That is, the investor invests 500000.00 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 of gold shares is 1.0500 yuan, 476190.48 Class C fund shares can be obtained.
2. Calculation of redemption amount
The redemption amount of the Fund is the total redemption amount minus the redemption fee. Including:
Total redemption amount=number of redeemed shares × net value of various fund units on T day
Redemption fee=total redemption amount × redemption rate
Redemption amount=total redemption amount - redemption expense
For example: an investor redeems 10000 Class A fund units of the Fund for 120 days
The redemption rate should be 0.5%. If the net value of Class A fund units on the redemption day is 1.0500 yuan
The redemption amount received is:
Total redemption amount=10000 × 1.0500=10500 yuan
Redemption fee=10500 × 0.5%=52.50 yuan
Redemption amount=10500-52.50=10447.50 yuan
That is, investors redeem 10000 Class A fund units of the Fund for a holding period of 120 days, corresponding to
The redemption rate is 0.5%. Assuming the net value of Class A fund units on the redemption day is 1.0500 yuan
The redemption amount is 10447.50 yuan.
8、 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 the suspension of fund asset valuation as stipulated in the Fund Contract
Investor's application for subscription.
3. The securities, futures exchanges and foreign exchange markets are closed abnormally during trading hours or the funds participate in the Hong Kong Stock Connect
The Fund Manager was unable to calculate the net asset value of the Fund on that day due to the trading and temporary suspension of the Hong Kong Stock Connect.
4. When accepting a certain application or some applications for subscription may affect or damage the interests of existing fund share holders.
5. The scale of fund assets is too large, which makes the fund manager unable to find suitable investment varieties, or other
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It may have a negative impact on the performance of the Fund, or other circumstances may damage the interests of existing Fund Unitholders.
6. The abnormal conditions of the fund manager, fund custodian, fund sales agency or registration agency lead to
The gold sales system, fund registration system or fund accounting system cannot operate normally.
7. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date
After confirmation, the fund manager shall suspend accepting the application for fund subscription.
8. The Fund Manager's acceptance of certain or certain subscription applications may lead to a single investor holding the Fund
The proportion of shares reaches or exceeds 50%, or evades 50% concentration in disguised form.
9. When a new subscription application is confirmed to be successful, the total size of the Fund will exceed the provisions of the Fund Manager
The total size of the Fund; Or make the single day subscription amount or net subscription proportion of the Fund exceed the Fund Manager
The upper limit of the specified amount or net subscription ratio of the day; Or the cumulative shares held by the investor exceed a single
The upper limit of the cumulative shares held by investors; Or the subscription amount of the investor on that day exceeds that of a single investor on a single day or
When the amount of a single subscription is limited.
10. The fund participates in Hong Kong Stock Connect transactions and the daily limit of Hong Kong Stock Connect transactions is insufficient.
11. Other circumstances specified by laws and regulations, fund contract or recognized by the CSRC.
The Fund Manager decides to suspend in case of any of the above situations 1, 2, 3, 5, 6, 7, 10 and 11
When accepting an investor's application for subscription, the fund manager shall publish the suspension application on the specified media in accordance with relevant regulations
Purchase announcement. If the investor's application for subscription is rejected, the principal of the rejected subscription will be returned to the investor.
When the suspension of subscription is eliminated, the Fund Manager shall resume the subscription business in a timely manner.
9、 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 the suspension of fund asset valuation as stipulated in the Fund Contract
Redemption application of investors or deferred payment of redemption money.
3. The securities, futures exchanges and foreign exchange markets are closed abnormally during trading hours or the funds participate in the Hong Kong Stock Connect
The Fund Manager was unable to calculate the net asset value of the Fund on that day due to the trading and temporary suspension of the Hong Kong Stock Connect.
4. Huge redemption occurred for 2 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.
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6. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date
After confirmation, the Fund Manager shall postpone the payment of redemption funds or suspend the acceptance of fund redemption applications.
7. Other circumstances specified by laws and regulations, fund contract 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 as required, 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
Handling of relevant terms of the same. When applying for redemption, fund share holders may choose in advance that they may not receive
It shall be cancelled in part. When the suspension of redemption is eliminated, the Fund Manager shall resume the redemption business in a timely manner
Handling and announcement.
10、 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
After deducting the total number of subscription application units from the total number of transfer out application units during conversion and the transfer in application units during fund conversion
If the balance after the total amount 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, partial deferred redemption or suspended redemption.
(1) Full redemption: when the Fund Manager believes that it is able to pay all redemption applications of investors,
Follow normal redemption procedures.
(2) Partial deferred redemption: when the fund manager thinks that it is difficult to pay the investor's redemption application or
The realization of property for the purpose of paying the redemption application of investors may cause a large impact on the net asset value of the fund
In case of fluctuation, the redemption ratio 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. For the redemption application on that day, it should be based on a single account
The proportion of redemption application amount in the total redemption application amount, and the redemption unit accepted on that day shall be determined; For the non redeemable part
The investor can choose to postpone or cancel the redemption when submitting the redemption application. Those who choose to postpone redemption,
Will automatically transfer to the next business day to continue redemption until all redemption; If redemption is selected, the current day
Some redemption applications that have not been accepted will be cancelled. The deferred redemption application is together with the redemption application on the next open day
Processing, no priority and the redemption amount is calculated based on the net value of such fund units on the following opening day
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By analogy, until all redemption. If the investor does not make a clear choice when submitting the redemption application, the investor does not
The redeemable part will be automatically postponed. Some deferred redemptions are not limited by the minimum amount of single redemption.
(3) On a single open day, if the Fund is redeemed in a large amount and a single fund unit holder applies for redemption
If the returned fund shares exceed 10% of the total fund shares on the previous opening day, the fund manager has the right to
The redemption application of more than 10% of the fund unit holders will be postponed
Redemption applications of amount holders within 10% (including 10%) and redemption applications of other fund unit holders on that day
Refer to the above terms and see relevant announcements for details.
(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 repayment shall not exceed 20 working days and shall be announced on the specified media.
3. Announcement of massive redemption
In the event of the above-mentioned huge redemption and the postponement of the transaction, the Fund Manager shall mail, fax or call
Other methods specified in the Prospectus shall notify the fund share holders within three trading days, stating the relevant processing party
Law of the People's Republic of China, and publish an announcement on the specified media in accordance with the relevant provisions of the Information Disclosure Measures.
11、 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 specify the media within the specified period
The suspension notice is published on the website.
2. 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 specified media at the latest on the reopening day; also
The time for reopening subscription or redemption can be specified in the announcement of suspension according to the actual situation, and there will be no further time at that time
Announce the reopening.
12、 Fund conversion
The Fund Manager may decide to open the Fund and
For the conversion business between other funds managed by the fund manager, a certain conversion fee may be charged for fund conversion,
The relevant rules shall be formulated and announced by the Fund Manager in accordance with the relevant laws and regulations and the provisions of the Fund Agreement, and
Inform the Fund Custodian and relevant institutions in advance.
13、 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
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Under any of the above circumstances, the subject receiving the transfer must be an investment that can hold the fund shares of the Fund according to law
People.
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 means that fund share holders donate their legally held fund shares to welfare foundations or societies
Association; Judicial enforcement means that the judicial authority holds
Fund units are forcibly transferred to other natural persons, legal persons or other organizations. Basis must be provided for non transaction transfer
The relevant information required by the gold registration authority shall be subject to the fund registration machine for the qualified non transaction transfer application
It shall be handled in accordance with the provisions of the Fund Registration Authority and charged in accordance with the standards prescribed by the Fund Registration Authority.
14、 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.
15、 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. The investor can agree on the amount of deduction in each period when handling the fixed investment plan
The amount must not be less than the fixed amount specified by the fund manager in the relevant announcement or updated prospectus
The minimum subscription amount of the investment plan.
16、 Freeze, unfreeze and pledge 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. Procedures for freezing fund units
The freezing method shall be handled in accordance with the relevant provisions of the fund registration authority. If fund units are frozen, part of the assets will be frozen
The rights and interests of students shall be subject to the requirements of Chinese laws and regulations, regulatory rules, national authorities and the business of registration agencies
Regulations.
If relevant laws and regulations allow the fund manager to handle the pledge business of fund units or other fund businesses,
The Fund Manager will formulate and implement corresponding business rules.
17、 Transfer of Fund Units
If permitted by laws and regulations and conditions are met, the Fund Manager may accept the Fund Unitholders
An application for transfer of fund units through a trading place or trading method recognized by the CSRC shall be registered by
The institution shall handle the transfer registration of fund units. If the Fund Manager intends to accept the transfer of fund units, it will
Announcement: Fund unit holders shall handle the transfer of fund units in accordance with the business rules announced by the fund manager.
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18、 Subscription and redemption of the Fund during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the subscription and redemption arrangements of the Fund are detailed in "Side pocket" of this Prospectus
Mechanism or relevant announcements issued at that time.
19、 The Fund Manager may, without violating the relevant laws and regulations and the Fund Agreement
On the premise that the interests of the holders have a material adverse impact, the above subscription and redemption will be made according to the specific circumstances at that time
Such arrangements shall be supplemented and adjusted and announced in advance, without the need to convene a general meeting of fund share holders.
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Part IX Investment of the Fund
1、 Investment objectives
On the premise of controlling risks, strive to obtain investment returns that exceed performance benchmarks.
2、 Investment scope
The investment scope of the Fund is financial instruments with good liquidity, including those legally issued and listed domestically
Stocks (including the main board, GEM and other stocks approved or registered for listing by the CSRC), depositary receipts
Stocks and bonds (including treasury bonds, central bank bills, financial bonds, corporate bonds, corporate bonds
Subordinated bonds, local government bonds, government supported institutional bonds, medium-term notes, convertible bonds (including
Pure debt part of separable convertible bonds), exchangeable bonds, short-term financing bonds, ultra short-term financing bonds, etc.)
Asset backed securities, bond repurchase, money market instruments, interbank deposit receipts, bank deposits, stock index futures
Other financial instruments permitted by laws and regulations or the CSRC to be invested by the Fund (subject to the relevant provisions of the CSRC
Regulations).
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 investment portfolio is: the proportion of the Fund's shares and depositary receipts in the Fund's assets is
60% - 95%, of which the proportion of Hong Kong shares in the stock assets shall not exceed 50%; Theme of investment in state-owned enterprises
The proportion of relevant securities in non cash fund assets shall not be less than 80%. Deductions of the Fund at the end of each trading day
After the trading margin required to be paid for the stock index futures contract, the cash retained by the fund and the investment with the maturity date of one year
The total proportion of government bonds within 5% shall not be less than 5% of the net asset value of the fund; Including cash excluding settlement reserve
Payment, deposit and subscription receivable, etc.
If laws and regulations or the CSRC changes the investment proportion limit of investment varieties, the Fund Manager shall
After proper procedures, the investment proportion of the above investment varieties can be adjusted.
3、 Investment strategy
The investment strategy of the Fund mainly includes the following eight aspects:
（1） Asset allocation strategy
The Fund will comprehensively use qualitative and quantitative analysis methods to conduct in-depth research on the macro economy
On the basis of the systematic risk of the securities market and the risk and expectation of various types of assets in the future
For the evaluation of the yield, within the scope permitted by laws and regulations and the fund contract, the Fund shall formulate the rules for the evaluation of stocks and bonds
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The allocation proportion of bonds, cash and other major categories of assets, and with the relative change of risk return characteristics of various types of assets,
Dynamic adjustment shall be carried out timely.
（2） Stock investment strategy
1. Definition of the theme of state-owned enterprises
Listed companies related to the theme of state-owned enterprises defined by the Fund include:
(1) State holding listed company: refers to government departments, institutions, public institutions and wholly state-owned enterprises
(Company), wholly state-owned enterprises and state-owned holding enterprises separately or jointly contribute, directly or indirectly own
Listed companies whose equity ratio exceeds 50%;
(2) State owned actually controlled listed companies: refers to government departments, institutions, public institutions and wholly state-owned enterprises
Total direct or indirect shareholding ratio of enterprises (companies), wholly state-owned enterprises and state-owned holding enterprises does not exceed
50%, but one of them constitutes control, or through shareholder agreement, articles of association, board resolution or its
The listed companies that can be actually controlled by other agreements;
(3) State owned joint-stock listed companies refer to listed companies that are invested by the state and have a significant impact on enterprises,
The definition of "significant impact" shall refer to the relevant provisions of the Accounting Standards for Business Enterprises.
When national policies, laws and regulations, and relevant standards change, or the Fund Manager deems it more appropriate
The fund manager can change the definition method after performing appropriate procedures
It is also announced in the updated prospectus.
2. Stock investment strategy
The Fund's stock investment mainly adopts the "bottom-up" strategy, and
Based on the balance of performance quality, growth and investment value of listed companies
Industries with large long-term space, and the combination of qualitative and quantitative methods, select industries with competitive advantages and
Build a portfolio of stocks with attractive values.
Qualitative analysis of enterprises includes but is not limited to:
(1) The industry where the company is located is in line with the strategic development direction of the country, and the company has a clear understanding of the industry
Obvious competitive advantage;
(2) The core competitiveness has certain competitive barriers;
(3) The company's products or services have good market prospects;
(4) The company has a good governance structure, a clear long-term vision and corporate culture.
The quantitative analysis of enterprises mainly includes the profitability analysis, financial capacity analysis
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Long term capability, operation capability and valuation analysis, etc. The valuation methods include but are not limited to:
(1) Profit indicators: return on net assets, gross profit margin, etc;
(2) Growth indicators: growth rate of operating revenue, growth rate of operating profit, etc;
(3) Valuation indicators: P/E ratio, P/E ratio relative to earnings growth ratio, market sales ratio, total market value, etc.
The Fund will invest in the underlying stocks with good performance prospects and reasonable valuation, and on the basis of comprehensive analysis
We will continue to follow up and constantly improve and revise the evaluation of listed companies.
（3） Investment strategy of depositary receipts
On the premise of controlling risks, the Fund will, according to the investment objectives and stock investment strategies of the Fund,
Invest in depositary receipts based on in-depth research and judgment on the investment value of underlying securities.
（4） Stock investment strategy of Hong Kong Stock General Standard
For the stock investment of Hong Kong Stock Standard, the Fund will focus on listing in Hong Kong market with industries
Representative high-quality Chinese funded companies; Hong Kong local companies and foreign-funded companies that are scarce in the A-share market; Selected Hong Kong
Listed companies with high-quality growth attributes in the market.
The Fund may choose to allocate part of its funds according to the needs of its investment strategy or the changes in the market environment of different allocation places
It is not necessary for the fund assets to invest in Hong Kong stocks if they invest in Hong Kong stocks or choose not to invest the fund assets in Hong Kong stocks.
（5） Bond investment strategy
The bond investment of the Fund will adhere to the concept of value investment, through in-depth analysis of macroeconomic data, currency
Changes in policies and interest rates, as well as yield levels, liquidity and credit risks of different categories
Duration control and structure distribution strategy are mainly used, supplemented by yield curve strategy, interest margin strategy, etc
A portfolio of bonds and money market instruments that provide stable yields.
（6） Asset backed securities investment strategy
The Fund analyzes the terms of issuance of asset-backed securities, the probability of default and prepayment ratio
It uses the necessary quantitative model to seek a reasonable pricing of asset-backed securities, and strictly controls risks
Under the condition of full consideration of risk compensation income and market liquidity, carefully select those with higher risk adjusted income
Investment in varieties. The Fund will strictly control the overall investment scale of asset-backed securities and conduct diversified investment,
To reduce liquidity risk.
（7） Investment strategy of convertible bonds and exchangeable bonds
The value of convertible bonds and exchangeable bonds mainly depends on their equity value, bond value and embedded
The Fund Manager will evaluate the value of convertible bonds and exchangeable bonds and select
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Invest in convertible bonds and exchangeable bonds with high investment value. In addition, the Fund will also
Actively participate in convertible bonds and
Purchase of new exchangeable bonds.
（8） Investment strategy of stock index futures
The fund manager will establish a stock index futures trading decision-making department or group, and authorize specific managers to be responsible for
Investment approval matters of stock index futures, and investment decision-making process and risk control for stock index futures trading
And submitted to the Board of Directors for approval.
The Fund will, in accordance with the principle of risk management and for the purpose of hedging, strictly control risks
Next, by participating in stock index futures investment, we can manage the systematic risk of the portfolio and improve the risk return characteristics of the portfolio.
1. Timing strategy
The Fund conducts research and analysis on macroeconomic operation, market sentiment, market valuation indicators, etc,
Judge whether it is necessary to hedge the portfolio and select futures contracts for hedging.
2. Futures contract selection and position selection strategy
Based on the calculation of the beta value of the portfolio to be hedged, the Fund considers the futures contract
On the basis of basis, liquidity and other factors, select appropriate futures contracts as hedging instruments, and
Calculate the required futures contract position according to the quantity model. The Fund will track the beta value of the portfolio,
Dynamically adjust the position of futures contracts.
3. Extension strategy
When the hedging time is longer, the stock index futures contract needs to be extended. The fund is tracking
On the basis of the price difference of the futures contract on the delivery date, choose the appropriate trading time and futures contract extension.
4. Margin management strategy
The Fund will adopt a quantitative model based on the time of hedging, portfolio and wave of futures contracts
The liquidity and other parameters are used to calculate the required settlement reserve to avoid hedging failure caused by forced closing due to insufficient margin.
If the relevant laws, regulations or regulatory requirements change, the fund manager's futures investment management shall comply with its latest regulations
To comply with the above changes in laws, regulations and regulatory requirements.
4、 Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The Fund's shares and depositary receipts account for 60% - 95% of the Fund's assets, including Hong Kong shares
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The proportion of shares of SGCC in stock assets shall not exceed 50%; Investment in state-owned enterprise theme related securities accounted for non cash
The proportion of fund assets shall not be less than 80%;
(2) At the end of each trading day of the Fund, after deducting the trading margin required to be paid for the stock index futures contract,
The total proportion of cash retained by the Fund and government bonds invested within one year of maturity shall not be less than
5% of net asset value; Among them, cash does not include settlement provisions, deposits and subscription receivables;
(3) The Fund holds securities issued by a company (the same company is listed in both China and Hong Kong
A+H shares), whose market value does 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 (the same company
A+H shares listed simultaneously in China and Hong Kong), not more than 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 the net asset value of the Fund;
(6) The market value of all asset-backed securities held by the Fund shall not exceed the net asset value of the Fund
20％；
(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) All funds managed by the Fund Manager invest in various asset supports of the same original equity holder
Securities shall not exceed 10% of the total size of its various asset-backed securities;
(9) The Fund shall invest in asset-backed securities with a credit rating of BBB or above (including BBB).
During the period when the Fund holds asset-backed securities, if its credit rating declines and it no longer meets the investment standards, it shall
All of them will be sold within 3 months from the date of release of the level report;
(10) The Fund's assets participate in the issuance and subscription of shares, and the amount declared by the Fund does not exceed the total amount of the Fund
Assets, 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 total asset value of the Fund shall not exceed 140% of the net asset value of the Fund;
(12) 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; Other than fund managers due to fluctuations in the securities market, stock suspension of listed companies, changes in fund size, etc
The Fund Manager shall not actively increase liquidity if the Fund does not comply with the proportion limit specified in this Item due to factors of
Investment in restricted assets;
(13) 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
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The number of tradable shares jointly held by a listed company shall not exceed 30% of the tradable shares of the listed company;
(14) 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;
(15) When the Fund holds stock index futures, it shall comply with the following investment restrictions prescribed by the CSRC:
1) At the end of any trading day, the value of stock index futures contracts purchased held by the Fund shall not exceed
10% of net asset value;
2) At the end of any trading day, the value of stock index futures contracts purchased held by the Fund and the securities market
The sum of the values 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 pledged financial assets)
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 the shares held;
4) The market value of stocks held by the Fund and the value of stock index futures contracts purchased and sold, total (netting
Calculation) shall comply with the relevant provisions on the proportion of stock investment in the Fund Contract;
5) The transaction amount of stock index futures contracts traded by the Fund on any trading day (excluding closing positions)
Shall not exceed 20% of the net asset value of the Fund on the previous trading day;
(16) The proportion limit of the Fund's investment in depositary receipts shall be subject to the shares listed and traded in China
Consolidated calculation of shares traded on internal listing;
(17) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
Except for items (2), (9), (12) and (14) above, due to fluctuations in securities and futures markets
Factors other than the fund manager, such as pedestrian merger and fund size change, cause the fund investment proportion to be inconsistent with the above
If the investment proportion is specified, the fund manager shall make adjustment within 10 trading days, but the CSRC
Except for special circumstances specified. Where laws and regulations provide otherwise, such provisions shall prevail.
The Fund Manager shall, within six months as of the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the mutual fund contract. During the above period, the investment scope and investment strategy of the Fund shall comply with
Agreement of the Fund Contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Agreement
Start.
Laws and regulations or regulatory authorities cancel or adjust the above restrictions. If applicable to the Fund, the Fund Manager shall
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After performing the appropriate procedures, the Fund's investment will no longer be subject to the 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, unless otherwise stipulated by laws and regulations or 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
Securities issued by the controller or companies with other major interests or certificates underwritten during the underwriting period
Securities, or other major related party transactions, shall comply with the investment objectives and investment strategies of the Fund and follow
The principle of giving priority to the interests of fund share holders, preventing conflicts of interest, establishing and improving internal approval mechanisms and evaluation mechanisms
The system shall be implemented according to the fair and reasonable price in the market. Relevant transactions must be approved by the Fund Custodian in advance, and
Disclosed according to laws and regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be divided into three parts
Two or more independent directors passed. The Board of Directors of the Fund Manager shall conduct related party transactions at least every half a year
examination.
If laws, administrative regulations or regulatory authorities cancel or adjust the above restrictions, if applicable to the Fund
After the Manager has performed the appropriate procedures, the Fund is not subject to the above provisions or the adjusted provisions shall prevail.
5、 Performance Benchmark
Yield of China Securities State owned Enterprise Composite Index * 90%+yield of China Securities Hong Kong Stock Connect Composite Index * 5%+bank activity
Term deposit interest rate (after tax) * 5%
Reason for selecting performance benchmark:
The composite index of China Securities state-owned enterprises is composed of the composite index of China Securities local state-owned enterprises and the composite index of China Securities central enterprises
The index sample composition reflects the overall performance of listed companies of state-owned enterprises in Shanghai and Shenzhen Stock Exchanges.
The China Securities and Hong Kong Stock Connect Composite Index is prepared by China Securities Index Co., Ltd., which selects the general index that meets the qualification of Hong Kong Stock Connect
As a sample share, the common stock is weighted by the free circulation market value, which reflects the listed companies within the scope of Hong Kong Stock Connect
A representative stock index of the overall situation and trend.
The Fund is a hybrid fund, with "China Securities State owned Enterprise Composite Index Yield * 90%+China Securities Hong Kong Stock Connect
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The composite index yield * 5%+bank demand deposit interest rate (after tax) * 5% "is used as the performance benchmark of the Fund,
It can enable investors of the Fund to judge the risk return characteristics of the Fund.
If the index compilation unit changes the name of the above index, stops or changes the compilation or publication of the above index,
Or the above indexes are replaced by other indexes, or the above indexes are not suitable due to major changes in index compilation methods
Continue to serve as a benchmark for performance comparison, or other industries with stronger representation and more suitable for the Fund appear in the market
At the time of performance comparison benchmark, the Fund Manager may, upon consensus with the Fund Custodian
Scope and investment strategy, adjust the performance benchmark of the fund, and make timely announcement.
6、 Risk return characteristics
The Fund is a hybrid fund, whose expected risk and expected return are theoretically higher than those of bond funds and currencies
Market funds, lower than equity funds.
If the Fund invests in the stocks of Hong Kong Stock Connect, it shall bear the responsibility for
Unique risks brought by differences in market systems and trading rules.
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 the relevant provisions of the State, and ensure that
Protect the 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
People seek any improper benefits.
8、 Implementation and investment operation arrangement of side pocket mechanism
When the fund holds specific assets and there are or potential large redemption applications, protect the fund according to the maximum
The Fund Manager and the Fund Custodian have reached an agreement on the principle of the interests of unit holders and consulted the accounting firm
After the opinion of the Firm, the side pocket mechanism can be used in accordance with laws and regulations and the fund contract, without the need to convene a fund
Deliberation at the general meeting of unit holders.
During the implementation of the side pocket mechanism, the agreed portfolio proportion, investment strategy, portfolio restrictions
The performance comparison benchmark, risk return characteristics and other agreements are only applicable to the main bag account.
Implementation conditions, implementation procedures, operation arrangements, investment arrangements and disposal changes of specific assets of side pocket accounts
See the "Side Pocket Mechanism" of this prospectus for details of cash and payments and other matters that have a significant impact on investors' rights and interests
Provisions of.
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Part X Assets of the Fund
1、 Total Fund Assets
The total value of fund assets refers to all kinds of securities owned by the fund, principal and interest of bank deposits, and fund receivables
And the total value of other assets.
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 capital accounts and securities accounts for the Fund in accordance with relevant laws, regulations and normative documents
And other special accounts required for investment. Special fund account opened, fund manager and fund custody
The property accounts owned by the fund sales agency, 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
Custody by the gold custodian. The Fund Manager, the Fund Custodian, the Fund Registration Agency and the Fund Sales Agency shall
Some assets bear their own legal liabilities, and their creditors shall not apply for freezing or withholding of the Fund's assets
Pledge or other rights. Unless otherwise disposed of in accordance with laws and regulations and the Fund Contract, the Fund assets shall not be disposed of
Points.
The Fund Manager and the Fund Custodian were dissolved, dissolved or declared bankrupt according to law
In case of liquidation, the fund assets shall not belong to its liquidation assets. Assets of fund manager management and operation fund assets
The generated creditor's rights may not offset the debts generated by its inherent assets; Different bases for fund manager management and operation
The creditor's rights and liabilities arising from the fund assets of the fund shall not offset each other. Liabilities not due to the fund property itself,
It shall not enforce the fund assets.
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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 and futures trading places of the Fund and national laws
The non trading day on which the laws and regulations require the disclosure of the net value of the fund.
2、 Valuation object
Stocks, depositary receipts, stock index futures, bonds, asset-backed securities and bank deposits owned by the Fund
Assets and liabilities such as principal and interest, 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
Accounting Standards, Standards for Valuation Treatment of Fixed Income Varieties, and relevant regulations of regulatory authorities.
（1） For investment varieties with an active market and the same quoted price of assets or liabilities
If there is a quotation on a daily basis, the quotation shall be applied to the fund without adjustment, except for the exceptions specified in the accounting standards
Fair value measurement of assets or liabilities. There is no quotation on the valuation date and there is no impact on fair value measurement after the latest trading day
In case of major events, the quoted price on the latest trading day shall be used to determine the fair value. There is sufficient evidence to indicate the valuation
If the quoted price on the latest trading day cannot truly reflect the fair value, the quoted price shall be adjusted to determine the fair value
Value.
The fair value of the same assets or liabilities shall be used if they are the same as the above investment varieties but have different characteristics
And consider the influence of different characteristic factors in the valuation technology. Feature refers to the sale or use of assets
If the limit is for the asset holder, the limit should not be made in the valuation technology
Consider the characteristics. In addition, the fund manager should not consider the risk of
Premium or discount.
（2） For investment varieties that do not have an active market, they should be suitable for the current situation and have enough
The fair value can be determined by using valuation techniques supported by data and other information. Use valuation techniques to determine fair price
The observable input value should be used preferentially, only when the observable input value of relevant assets or liabilities cannot be obtained
The unobservable input value can be used only when it is impracticable.
（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 the potential valuation adjustment on the net asset value of the fund on the previous valuation date is more than 0.25%, the valuation should be
Adjust and determine the fair value.
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4、 Valuation method
1. Valuation of securities listed on stock exchanges
(1) Unless otherwise agreed in this part, the securities (including stocks, etc.) listed on the Exchange,
The valuation shall be based on the market price (closing price) listed on the stock exchange on the valuation date; There is no transaction on the valuation date, and the most recent
There is no significant change in the economic environment after the trading day or the securities issuer has no significant impact on the securities price
In case of an event, the market price (closing price) of the most recent trading day shall be used for valuation; For example, the economic environment occurred after the recent trading day
In case of major changes or major events affecting the securities price of the securities issuer, reference can be made to similar investment varieties
To adjust the market price of the latest transaction and determine the fair price.
(2) For the non equity fixed income varieties listed or transferred by the Exchange, select the third one on the valuation date
Party B shall conduct valuation at the full valuation price of the corresponding varieties on the current day provided by the valuation agency.
(3) Fixed income varieties with rights listed on the Exchange or transferred by listing (otherwise specified in the fund contract
(except for), select the unique valuation full price or push price of the corresponding variety provided by the third-party valuation agency on the valuation date
The full valuation price is recommended for valuation, and the specific valuation institution shall be separately agreed by the Fund Manager and the Custodian through consultation.
(4) Convertible bonds and other publicly issued convertible bonds listed and traded in the exchange market with active market
For equity bonds, the closing price on the valuation date is selected as the full valuation price for full price transactions; Net traded
Select the closing price on the valuation date and add the accrued interest per hundred yuan before tax as the full valuation price.
(5) The securities listed on the exchange that do not have an active market shall be applicable in the current situation and have
The fair value can be determined by valuation techniques supported by sufficient data and other information. For listing on the exchange market
Transferred asset-backed securities, which are applicable in the current situation and have sufficient available data and other information
The supported valuation technology determines its fair value for valuation.
2. The securities in the unlisted period shall be handled according to the following circumstances:
(1) The new shares issued for stock dividend, conversion, allotment and public issuance shall be listed on the stock exchange on the valuation date
The 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 stocks and bonds, the fair value is determined by valuation techniques
If the valuation technology is difficult to reliably measure the fair value, it shall be valued at cost.
For the initial public offering of unlisted bonds, the data applicable to the current situation and available enough
And other valuation techniques supported by information.
(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
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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 the governing body or industry association.
(4) For unlisted or unlisted bonds issued in the exchange market
Under such circumstances, the unadjusted quotation in the active market shall be taken as the fair value on the valuation date for valuation; about
If the active market quotation fails to represent the fair value on the valuation date, the market quotation shall be adjusted to confirm
Fair value on the valuation date; In the case of no or few market activities, the current
The fair value is determined by the valuation techniques that are applicable under the circumstances and supported by sufficient available data and other information.
3. The fixed income varieties without rights in the national inter-bank market are provided by third-party valuation agencies
Of the corresponding varieties on the current day. For the types of fixed income with rights in the inter-bank market
The sole or recommended full valuation price of the corresponding variety provided by the third-party valuation agency on the current day. For with
For the fixed income variety of the investor's right to sell back, if the right to sell back is exercised, it shall be within the period from the registration date of the sale back to the actual collection date
Select the unique full valuation price or recommended full valuation price of the corresponding varieties provided by the third-party valuation agency, and fully
Consider the impact of changes in the issuer's credit risk on the fair value; After the deadline (including the same day) of the resale registration period
If the right to sell back is not exercised, the valuation shall be conducted according to the price corresponding to the long outstanding period.
4. If the same security is traded in two or more markets at the same time, it shall be separately evaluated according to the market in which the security is located
Value.
5. The fixed bank deposits held by the Fund are presented as principal, and the total amount of interest presented in accordance with the deposit agreement
Or the agreed interest rate accrues interest every natural day. In case of early withdrawal or interest rate change, account adjustment shall be carried out as required
Whole.
6. The Fund's investment in stock index futures contracts is generally valued at the settlement price on the valuation day
If there is no settlement price and there is no significant change in the economic environment after the latest trading day, the latest trading day shall be adopted for settlement
Valuation.
7. If the exchange rate between Hong Kong dollar and RMB is involved in the valuation calculation, it will be based on the information provided by the following information provider
Based on the central parity rate between RMB and Hong Kong dollar published by the People's Bank of China or its authorized institution on that day.
8. Tax: in accordance with Chinese laws and regulations and fund investment in domestic and overseas stock market transaction interconnection
The Fund will pay all taxes required by the laws and regulations of the place where the overseas trading place involved in the mechanism is located according to
Valuation on accrual basis; For the actual tax payment of the fund due to the adjustment of tax regulations or other reasons
If there is a difference between the estimated tax payable and the tax payable, the Fund will make a corresponding adjustment on the relevant tax adjustment date or the actual payment date
Valuation adjustments.
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9. The valuation of the Fund's investment depositary receipts shall be calculated in accordance with the stocks listed and traded in China.
10. The Fund invests in inter-bank deposit receipts at the full valuation price provided by a third-party valuation agency on the valuation date
Valuation.
11. If there is conclusive evidence that the above method of valuation cannot objectively reflect its fair value
The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances, value at the price that best reflects the fair value.
12. In case of large amount subscription or redemption, the fund manager can adopt the swing pricing mechanism to
Ensure the fairness of fund valuation.
13. If the issuer is bankrupt, fails to pay the principal or interest in full on time, or
For bond investment varieties whose reliable information indicates that the principal or interest can not be paid in full and on time, the fund manager is entrusted with
The administrator can adopt the recommended price provided by the third-party valuation agency or provide it at the third-party valuation agency after consensus
The data in the price range provided is the fair value of the bond investment variety.
14. If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there are new items,
Valuation according to the latest national regulations.
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 shall be responsible for the accounting of the Fund, and the Fund Custodian shall be responsible for the review.
Therefore, if the accounting issues related to the Fund are fully discussed by relevant parties on an equal basis
If no consensus can be reached, the fund manager shall publish the calculation results of the fund net value information.
5、 Valuation procedures
1. The net value of various fund units is based on the fund assets of such fund units after the market is closed on each working day
The net value is calculated by dividing the balance of such fund units on the day to 0.0001 yuan, with the fifth decimal place
Round off, and the resulting error shall be included in the fund assets. Under the circumstance that the fund manager can set up a large redemption
Net value accuracy emergency adjustment mechanism. 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 value the assets of the Fund on each valuation date. However, according to laws and regulations, the Fund Manager
Or the suspension of valuation under the fund contract. After the Fund Manager evaluates the assets of the Fund on each valuation date,
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The net value results of various fund units shall be sent to the Fund Custodian, and after the Fund Custodian has verified that there is no error, the fund shall be managed by the Fund
The Manager shall publish it to the public in accordance with the fund contract and relevant laws and regulations.
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 net value of any type of fund unit is within 4 decimal places (including the 4th decimal place)
If the value is wrong, it shall be deemed that the net value of such fund units is wrong.
In case of valuation error, 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
If the error in valuation is caused by the fault of the selling institution or the investor itself, causing losses to other parties, the fault
The person responsible for the loss of the party ("the injured party") who suffered losses due to the valuation error shall
"Valuation error handling principle" shall pay compensation and bear compensation liability.
The main types of the above valuation errors include but are not limited to: data declaration errors, data transmission errors
According to the calculation error, system failure error, instruction error, etc. For errors caused by technical reasons, if
If the existing technical level of the same industry is unforeseeable, unavoidable or insurmountable, it is force majeure
Implementation of the above provisions:
The investor's transaction information is lost or wrongly handled or other problems are caused due to force majeure
Wrong, the party who made an error due to force majeure shall not be liable for compensation to other parties, but
The party who wrongly obtains the unjust enrichment shall still have the obligation to return the unjust enrichment.
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
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;
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 party responsible for the value error shall be liable for compensation for the direct loss; If the responsible party for the valuation error has actively coordinated, and
If the party who has the obligation to assist has enough time to make corrections but fails to make corrections, it shall bear the corresponding liability for compensation
Ren. The party responsible for the valuation error shall confirm the correction to the relevant parties to ensure that the valuation error has been obtained
To correct.
(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,
However, the party responsible for the valuation error shall still be responsible for the valuation error. If the party who has obtained unjust enrichment does not return
Or the loss of interests of other parties caused by not returning all the unjust enrichment ("the injured party"), then the liability for valuation error
Party A shall compensate the loss of the injured party, and shall, within the scope of the amount of compensation paid
People have the right to demand the delivery of unjust enrichment; If the party who has obtained the unjust enrichment has wronged this part
If the profits are returned to the aggrieved party, the aggrieved party shall add the amount of compensation it has received to the amount of unjust gains it has received
The difference between the total return of interest and its 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) Losses caused by valuation errors according to the principle of handling valuation errors or the method negotiated by the parties
Conduct evaluation;
(3) According to the principle of handling valuation errors or the method negotiated by the parties concerned, the party responsible for valuation errors shall
Correction and compensation of losses;
(4) If it is necessary to modify the transaction data of the fund registration agency according to the method of handling valuation errors
The gold registration authority shall make corrections and confirm the correction of valuation errors to the 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 any type of fund unit, the Fund Manager shall immediately correct it,
Notify the Fund Custodian and take reasonable measures to prevent further expansion of losses.
(2) When the error deviation reaches 0.25% of the net value of such fund units, the Fund Manager shall notify the Fund Manager
The fund custodian shall also report to the CSRC for filing; When the error deviation reaches 0.5% of the net value of such fund units
The fund manager shall make an announcement and report to the CSRC for the record.
(3) When the calculation error of the net value of fund units causes losses to the funds and fund unit holders
In case of compensation, the Fund Manager and the Fund Custodian shall define the responsibilities of both parties according to the actual situation, and upon confirmation
The compensation shall be made according to the following terms:
① The Fund Manager shall be responsible for the accounting of the Fund. Accounting issues related to the Fund,
If no agreement can be reached after full discussion on the basis of equality between the two parties, it shall be implemented according to the proposal of the fund manager
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The Fund Manager shall be responsible for making compensation for the losses caused to the Fund Unitholders and the Fund property.
② If the net value of fund units calculated by the Fund Manager has been reviewed and confirmed by the Fund Custodian and announced
If losses are caused to fund share holders, compensation shall be paid to investors or funds in accordance with laws and regulations
The Fund Manager and the Fund Custodian shall, according to the amount of compensation actually paid to investors or the Fund
Each degree shall bear corresponding responsibilities.
③ For example, the calculation results of the fund manager and the fund custodian on the net value of fund units, although recalculated many times
If no agreement can be reached, in order to avoid the situation that the net value of fund units cannot be announced on time
The calculation results of the Fund Manager shall be published to the public, and the losses caused to the Fund Unitholders and the Fund shall be determined by
The fund manager is responsible for compensation.
④ Due to the information error provided by the fund manager (including but not limited to the fund purchase or redemption amount),
The loss of fund share holders and fund assets resulting from the calculation error of the net value of fund shares shall be caused by
The fund manager is responsible for compensation.
(4) If the above contents are otherwise stipulated by laws and regulations or the regulatory authority, their provisions shall prevail. If
There is another common practice in the industry. The Fund Manager and the Fund Custodian should act on the basis of equality and protect the Fund Unitholders
The principle of interests.
7、 Suspension of valuation
1. The securities, futures trading market or foreign exchange market involved in the Fund's investment meets statutory holidays or
The business is suspended for other reasons or the fund participates in the trading of the Hong Kong Stock Connect and the Hong Kong Stock Connect is temporarily suspended;
2. The Fund Manager and the Fund Custodian are unable to accurately evaluate the Fund due to force majeure or other circumstances
The asset value;
3. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date
After confirmation, the Fund Manager shall suspend the valuation;
4. Other circumstances stipulated by laws and regulations, recognized by the CSRC and the fund contract.
8、 Recognition of net fund value
The fund manager is responsible for calculating the net asset value of the fund and the net value of various fund units, and the fund custodian is responsible for
Review. The Fund Manager shall calculate the net asset value of the Fund on each valuation day and
The net value of Class A fund units shall be sent to the fund custodian. Issued after the Fund Custodian reviews and confirms the net value calculation results
The fund manager shall publish the net value of the fund according to the regulations.
9、 Handling of special cases
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When the Fund Manager and the Fund Custodian conduct valuation according to Item 11 of the valuation method, the error caused is not
It shall be treated as a fund asset valuation error.
Due to force majeure, or stock exchanges, futures exchanges, registration and clearing institutions, securities/futures
The data sent by third-party institutions such as brokerage institutions and deposit banks is incorrect, or the national accounting policy changes, the market
For reasons other than the Fund Manager and the Fund Custodian, such as rule changes, the Fund Manager and the Fund Custodian have
Take necessary, appropriate and reasonable measures to check, but fail to find errors or avoid due to the above reasons
Or correct the error, the Fund Manager and the Fund Custodian will be exempted from compensation for the resulting error in the valuation of the Fund property
Liability. However, the Fund Manager and the Fund Custodian shall actively take necessary measures to eliminate or mitigate this
The impact of success.
10、 Fund asset valuation during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the main pocket account assets shall be valued and
Disclose the net fund value information of the main pocket account, and suspend the disclosure of the net fund value information of the side pocket account.
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Part XII Fund Income and Distribution
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 income.
3、 Principle of fund income distribution
1. On the premise of meeting the conditions for fund dividends, the fund manager can carry out
For income distribution, see the announcement issued by the fund manager at that time for the specific distribution plan. If the Fund Contract takes effect
No income distribution is required for less than 3 months;
2. There are two ways of income distribution of the Fund: cash dividends and dividend reinvestment. Investors can choose cash
Cash dividends or reinvestment of cash dividends automatically into corresponding types of fund units; If investors do not choose,
The Fund's default income distribution method is cash dividends;
3. After the distribution of fund income, the net value of various fund units cannot be lower than the par value, that is, the fund income distribution base
The net value of various fund units on the benchmark date minus the income distribution amount of each unit of such fund units cannot be lower than
Value;
4. Each fund unit of the same category of the Fund has the same distribution right
The distributable profits corresponding to each fund share category will be different due to the different fees charged for the shares;
5. If laws and regulations or regulatory authorities have other provisions, such provisions shall prevail.
On the premise that there is no material adverse effect on the interests of fund share holders, the Fund Manager may
If permitted by laws and regulations, appropriate procedures shall be performed in accordance with the requirements of the regulatory authorities after consultation with the Fund Custodian
After that, the above fund income distribution principles shall be adjusted as appropriate. This adjustment does not require a general meeting of fund share holders.
4、 Income distribution scheme
The fund income distribution plan shall specify the distributable profits and fund receipts as of the base date of income distribution
The distribution object, distribution time, distribution amount and proportion, distribution method, etc. Due to different fund shares
If the distributable income corresponding to the category is different, the fund manager can formulate different income distribution plans accordingly.
5、 Determination, announcement and implementation of income distribution plan
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The income distribution plan of the Fund shall be formulated by the Fund Manager and reviewed by the Fund Custodian
The relevant provisions of the Disclosure Measures are announced in the specified media.
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. When
When the investor's cash dividend is less than a certain amount and is insufficient to pay the bank transfer or other handling fees, the fund
The registration institution may automatically convert the cash dividends of fund share holders into corresponding fund shares. Bonus
The investment shall be calculated in accordance with the Business Rules.
7、 Income distribution during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the side pocket account will not be used for income distribution. See the prospectus for details
Definitely.
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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. Fund sales service fees;
4. Unless otherwise specified by laws and regulations and the CSRC, the Fund Contract shall be
Information disclosure fees;
5. Accounting fees, attorney fees, notarial fees, arbitration fees and
Legal costs;
6. Expenses for the general meeting of fund share holders;
7. Opening fees and account maintenance fees of securities and futures accounts;
8. Securities and futures trading settlement fees of the Fund;
9. Bank transfer fees of the Fund;
10. All reasonable expenses arising from investment in Hong Kong stocks;
11. Other items that may be disbursed from the fund assets in accordance with the relevant provisions of the State and the Fund Contract
cost.
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 1.20% of the net asset value of the Fund on the previous day. Calculation of management fee
The method is as follows:
H ＝ E × 1.20% ÷ 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 accrued daily, accumulated to the end of each month day by day, and paid monthly
After the Fund Custodian and the Fund Manager have verified that there is no error, the Fund Custodian shall negotiate with the Fund Manager in the following month
It shall be paid to the fund manager in a lump sum from the fund property within the first five working days. In case of legal holidays and public holidays
If it is false, the payment date shall be postponed to the latest payable date.
2. Custody fees of the Fund Custodian
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The custody fee of the Fund is accrued at an annual fee rate of 0.20% of the net asset value of the Fund on the previous day. Calculation of custody fee
The calculation method is as follows:
H ＝ E × 0.20% ÷ days of the year
H is the fund custody fee that should be accrued every day
E is the net asset value of the fund on the previous day
The fund custody fee is accrued daily, accumulated to the end of each month day by day, and paid monthly
After the Fund Custodian and the Fund Manager have verified that there is no error, the Fund Custodian shall negotiate with the Fund Manager in the following month
One time withdrawal from the fund property within the first five working days. In case of legal holidays, public holidays, etc., the payment date
The period shall be postponed.
3. Fund sales service fee
There is no sales service fee for Class A fund units of the Fund, and annual sales service fee for Class C fund units
The rate is 0.60%. The fund sales service fee will be used exclusively for the sale of the fund and the service of fund share holders.
The sales service fee for Class C fund units shall be 0.60% of the net asset value of the fund on the previous day for Class C fund units
Accrual of annual fee rate. The calculation method is as follows:
H ＝ E × 0.60% ÷ 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 fees for Class C fund units are accrued daily, accumulated day by day to the end of each month, and paid monthly
After the Fund Manager and the Fund Custodian have checked and found no error, the Fund Custodian shall negotiate with the Fund Manager in accordance with
The fund shall be withdrawn from the fund property in a lump sum within 5 working days before the next month. In case of legal holidays, public holidays
Rest days, etc., the date shall be postponed to the latest payable date.
Items 4-11 of the above "I. Types of fund expenses" shall be paid according to relevant regulations and corresponding agreements
It is stipulated that the actual amount of expenses shall be included in the current expenses, and the fund custodian shall, according to the
The fund transfer instruction shall be paid from the fund property.
3、 Items not included in fund expenses
The following expenses are not included in the fund expenses:
1. Expenses incurred by the Fund Manager and the Fund Custodian due to failure to perform or fail to fully perform their obligations or
Loss of fund property;
2. Expenses incurred by the Fund Manager and the Fund Custodian in handling matters unrelated to the operation of the Fund;
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3. Relevant expenses before the Fund Contract comes into effect;
4. Other items that may not be included in the fund fees according to relevant laws and regulations and the relevant provisions of the CSRC
Objective.
4、 Fund expenses during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the expenses related to the side pocket account can be disbursed from the side pocket account, but
It can be disbursed only after the assets of the side pocket account are realized, and the relevant fees can be charged or reduced as appropriate, but cannot be charged
See the "Side Pocket Mechanism" of this Prospectus or the provisions of relevant announcements for details of fees and other expenses.
5、 Fund tax
All taxpayers involved in the operation of the Fund shall pay taxes in accordance with national tax laws and regulations
that 's ok.
The relevant taxes on the investment of fund assets shall be borne by the fund share holders and deducted by the fund manager or others
The payer shall withhold and remit the tax 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; Fund raised for the first time
The accounting year shall follow the following principles: if the Fund Contract takes effect less than 2 months, it can be incorporated into the next accounting year
Annual disclosure;
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 shall respectively keep complete accounting accounts and vouchers and conduct daily
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 or in other ways agreed by both parties.
2、 Annual audit of the Fund
1. The Fund Manager's engagement of mutual independence with the Fund Manager and the Fund Custodian is consistent with the requirements of the People's Republic of China
The annual financial statements of the Fund prepared by the accounting firm and its certified public accountants as prescribed by the Securities Law of the Republic of China
Bank audit.
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. more
The change of accounting firm shall be announced in the specified 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
Liquidity Risk Management Regulations, Fund Contract and other relevant regulations. Information about relevant laws and regulations
In case of any change in the disclosure method, publishing media, reporting method and other provisions of the disclosure, the Fund shall comply with its latest provisions.
2、 Information disclosure obligor
The information disclosure obligors of the Fund include the Fund Manager, the Fund Custodian and the convening fund unit holders
Fund Unitholders and other laws and regulations of the General Meeting and natural persons, legal persons and groups of non legal persons as stipulated by the CSRC
Woven.
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
Completeness, 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
The interest shall be disclosed through the media specified by the CSRC, and the fund investors shall be guaranteed to comply with the provisions of the Fund Contract
The time and method of consulting or copying 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 laws and regulations and the CSRC.
4、 The information publicly disclosed by the Fund shall be in Chinese. If a foreign language text is used at the same time, the fund
The obligor of information disclosure shall ensure that the contents of different texts are consistent. In case of ambiguity between different texts
The text shall prevail.
The information publicly disclosed by the Fund shall be in Arabic numerals; Unless otherwise specified, the currency unit is RMB
Yuan.
5、 Publicly disclosed fund information
The publicly disclosed fund information includes:
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（1） Fund prospectus, fund contract, fund custody agreement, fund product information summary
Announcement of Gold Share Offering
1. The Fund Contract defines the rights and obligations of the parties to the Fund Contract and clarifies the basis
The rules and specific procedures for holding the general meeting of gold share holders, specifying the characteristics of the fund products and other matters related to fund investment
Legal documents on matters of vital interest.
2. The prospectus of the fund shall disclose to the maximum extent all matters affecting the decisions of the fund investors,
Explain fund subscription, purchase and redemption arrangements, fund investment, fund product characteristics, risk disclosure and information disclosure
Disclose the services of fund share holders. Information of the Fund Prospectus after the Fund Contract takes effect
In case of major changes, the Fund Manager shall update the Fund Prospectus and register
On the specified website; In case of any change in other information in the prospectus, the fund manager shall at least change
New. If the Fund terminates its operation, the Fund Manager will no longer update the Prospectus of the Fund.
3. The Fund Custody Agreement defines the fund custodian and the fund manager in the custody of the fund property and the operation of the fund
Legal documents on rights and obligations in supervision and other activities.
4. The fund product information summary is a summary document of the fund prospectus, which is used to provide investors with a brief summary
General information of the fund. After the Fund Contract comes into force, the information in the fund product information summary has changed significantly
Furthermore, the Fund Manager shall update the summary of fund product information within three working days and publish it in the regulations
Website and fund sales agency website or business outlet; In case of any change in other information of the fund product profile,
The Fund Manager shall be updated at least once a year. If the operation of the fund is terminated, the fund manager will no longer update the fund products
Data summary.
5. Fund Unit Offering Announcement
The Fund Manager shall prepare an announcement on the sale of fund units with respect to the specific matters concerning the sale of fund units.
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
The announcement of the sale of fund units, the indicative announcement of the prospectus and the indicative announcement of the fund contract
It shall be published in the required newspapers and periodicals, and the fund unit sale announcement, fund prospectus, fund product information summary
The Fund Contract and the Fund Custody Agreement are published on the specified website, and the summary of fund product information is published on
Website or business outlet of fund sales agency; The Fund Custodian shall simultaneously submit the Fund Agreement and the Fund Custodian Agreement
Published on the specified website.
（2） 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 information in the required newspapers and websites
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The announcement on the effectiveness of the Fund Contract is published on.
（3） Net fund value information
After the Fund Contract comes into force and before the subscription or redemption of fund units, the Fund Manager shall
The net value of various fund units and the cumulative net value of various fund units shall be disclosed at least once a week on the specified website.
After starting to handle the subscription or redemption of fund units, the fund manager shall
On the next day of, disclose all kinds of funds on the open day through the specified website, fund sales agency website or business outlets
Net value of units and cumulative net value of various fund units.
The Fund Manager shall disclose the information on the prescribed website no later than the next day after the last day of the half year and the year
Net value of various fund units and accumulated net value of various fund units on the year and the last day of the year.
（4） Subscription and redemption price of fund units
The Fund Manager shall specify various types of funds in the Fund Contract, Prospectus and other information disclosure documents
Calculation method of subscription and redemption price of gold shares and relevant subscription and redemption rate, and ensure that investors can
The website or business outlet of the fund sales institution shall consult or copy the aforesaid information.
（5） Regular reports of the Fund, including annual reports, interim reports and quarterly reports (including
Quarterly portfolio report)
The Fund Manager shall complete the annual report of the Fund within three months from the end of each year
The annual report is published on the specified website, and the advisory announcement of the annual report is published on the specified newspaper. Fund year
The financial accounting report in the report shall be certified by an accountant who complies with the Securities Law of the People's Republic of China
Audit by the firm.
The Fund Manager shall, within two months from the end of the first half of the year, prepare the interim report of the Fund and
The interim report is published on the specified website, and the suggestive announcement of the interim report is published on the specified newspaper.
The fund manager shall complete the fund quarter within 15 working days from the end of each quarter
Report, publish the quarterly report on the specified website, and publish the suggestive announcement of the quarterly report on the specified newspaper
On.
If the Fund Contract takes effect less than two months ago, the Fund Manager may not prepare the current quarterly report
Periodic report or annual report.
In the report period, if a single investor holds 20% or more of the total fund shares
In order to protect the rights and interests of other investors, the fund manager shall at least report regularly on "influencing investors' decisions"
The category, holding shares and proportion at the end of the reporting period, and report of the investor are disclosed under "Other important information of the policy"
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Changes in shares held during the period and the unique risks of the Fund, except for special circumstances recognized by the CSRC.
The fund manager shall disclose the fund portfolio assets and their
Liquidity risk analysis, etc.
If laws and regulations or the CSRC provide otherwise, such provisions shall prevail.
（6） 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 on the specified 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
The following events with significant impact:
1. The convening and decisions of the general meeting of fund share holders;
2. The Fund Contract is terminated and the Fund is liquidated;
3. Conversion of fund operation mode and fund merger;
4. Change of fund manager, fund custodian, fund share registration agency, and change of fund accounting firm
Office;
5. The fund manager entrusts the fund service agency to handle the registration, accounting and valuation of fund shares on its behalf
Matters: 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 actual change of shareholders holding more than 5% of the equity by the Fund Manager and the change of the Fund Manager
Controller;
8. The fund raising period is extended or the fund raising is terminated in advance;
9. Senior managers of the Fund Manager, the Fund Manager and the Special Fund Custodian Department of the Fund Custodian
The responsible person changes;
10. The directors of the Fund Manager have changed by more than 50% in the last 12 months; Fund manager
The main business personnel of the special fund custody department of the fund custodian have changed by more than one percent in the last 12 months
Thirty;
11. Litigation or arbitration involving fund management business, fund property and fund custody business;
12. The fund manager or its senior managers and fund managers are subject to
Major administrative punishment and criminal punishment, and the fund custodian or the head of its special fund custody department
Business related behaviors are subject to major administrative and criminal penalties;
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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 the actual controller or a company that has a major interest relationship with it or certificates underwritten during the underwriting period
Securities, or other major related party transactions, unless otherwise stipulated by the CSRC;
14. Fund income distribution matters;
15. Accrual standard and accrual of management fee, custody fee, sales service fee, subscription fee, redemption fee, etc
Changes in methods and rates;
16. The valuation error of the net value of any type of fund unit reaches 0.5% of the net value of such type of fund unit;
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;
20. The Fund suspends accepting subscription and redemption applications or re accepts subscription and redemption applications;
21. Major events involving adjustment of fund subscription and redemption events or potential impact on investors' redemption occur;
22. The Fund Manager adopts the swing pricing mechanism for valuation;
23. Adjust the setting of fund share categories;
24. 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 or agreed in the fund contract.
（7） Clarification announcement
During the duration of the Fund Contract, any public media or market circulation
The interest may have a misleading impact on the price of fund shares or cause major fluctuations, and may damage the fund shares
If the rights and interests of the relevant information disclosure obligor are known, it shall immediately make public clarification on the information.
（8） 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.
（9） Information disclosure of fund investment in stock index futures
The Fund Manager shall make regular reports on the quarterly report, interim report and annual report of the Fund
And the prospectus (update) and other documents to disclose the trading of stock index futures, including investment policies and positions
Situation, profit and loss, risk indicators, etc., 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 and investment objectives.
（10） Information disclosure of fund investment in asset-backed securities
When the Fund invests in asset-backed securities, the Fund Manager shall include
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Disclose the total amount of asset-backed securities held, the proportion of the market value of asset-backed securities in the net assets of the fund and the report
Details of all asset-backed securities during the period. The Fund Manager shall disclose in the quarterly report of the Fund
The total amount of asset-backed securities, the proportion of the market value of asset-backed securities in the net assets of the fund and the market value at the end of the reporting period
Details of the top 10 asset-backed securities ranking in the proportion of the fund's net assets.
（11） Information disclosure of restricted securities for fund investment and circulation
The Fund Manager shall, after the Fund invests in the non-public offering of shares
Within five trading days, disclose the name and number of the non-public offering stocks invested in in the media required by the CSRC
Volume, total cost, book value, and the proportion of total cost and book value in the net asset value of the fund, lock
Period and other information.
（12） Information disclosure of stocks invested in Hong Kong stocks
If the Fund participates in the Hong Kong Stock Connect transaction, the Fund Manager shall submit the quarterly report, interim report
Regular reports such as annual reports and prospectuses (updates) disclose shares that participate in the Hong Kong Stock Connect
Information about investment.
（13） Information disclosure during the implementation of the side pocket mechanism
Where the Fund implements the side pocket mechanism, relevant information disclosure obligors shall, in accordance with laws, regulations and fund contracts
Information disclosure in accordance with the provisions of the Prospectus, see the provisions of the Prospectus or relevant announcements for details.
（14） Liquidation report
In case of termination of the Fund Contract, the Fund Manager shall organize a fund asset liquidation team according to law
Liquidate the fund assets and prepare a liquidation report. The liquidation report shall be submitted in accordance with
The accounting firm specified in the Securities Law shall audit and the law firm shall issue a legal opinion. Fund property
The liquidation team shall publish the liquidation report on the specified website and the suggestive announcement of the liquidation report on the regulation
On the newspaper.
（15） The information disclosure of the Fund's investment in depositary receipts shall be subject to the domestic listed stocks.
（16） 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
Senior management is responsible for managing information disclosure.
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 laws and regulations.
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The Fund Custodian shall comply with relevant laws and regulations, the provisions of the CSRC and the provisions of the Fund Contract
Determine the net asset value of the fund, the net value of various fund units, and the purchase and redemption of fund units prepared by the fund manager
Price, regular fund report, updated prospectus, summary of fund product information, fund liquidation report, etc
Review and review the publicly disclosed fund information, and confirm it in writing or electronically to the fund manager.
The Fund Manager and the Fund Custodian shall choose one of the prescribed newspapers to disclose the information of the Fund.
The fund manager and the fund custodian shall submit the funds to be disclosed to the fund electronic disclosure website of the CSRC
Information, and ensure the authenticity, accuracy, integrity and timeliness of the information submitted.
The Fund Manager and the Fund Custodian may, in addition to disclosing information on the prescribed media according to law
Disclose information in other public media, but other public media shall not disclose information earlier than the specified media, and
The content of the same information disclosed on different media shall be consistent.
Special purpose of issuing audit report and legal opinion for the fund information publicly disclosed by the fund information disclosure obligor
Business institutions shall prepare working papers and keep relevant files at least ten 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 the relevant laws and regulations
Regulations require that information be kept at the company's domicile for public reference and reproduction.
8、 The Fund Manager and the Fund Custodian may suspend or delay the disclosure of fund information when
Related information:
1. The Fund Manager and the Fund Custodian are unable to accurately evaluate the Fund due to force majeure or other circumstances
The asset value;
2. The securities, futures trading market or foreign exchange market involved in the Fund's investment meets statutory holidays or
The business is suspended for other reasons or the fund participates in the trading of the Hong Kong Stock Connect and the Hong Kong Stock Connect is temporarily suspended;
3. The valuation is suspended as agreed in the fund contract;
4. Other circumstances stipulated by laws and regulations, the Fund Contract or the CSRC.
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Part XVI. Side pocket mechanism
1、 Implementation conditions and procedures of side pocket mechanism
When the Fund holds specific assets and there are or potential large redemption applications, according to the maximum protection basis
The Fund Manager shall consult with the Fund Custodian and consult the accountant on the principle of the interests of the gold unit holders
After the opinion of the firm, the side pocket mechanism can be used in accordance with laws and regulations and the fund contract, without the need to call the foundation
Deliberated by the general meeting of gold share holders. The fund manager shall report to the CSRC and
The dispatched office of the CSRC where the financial manager is located shall be put on record.
On the day when the side pocket mechanism is activated, the fund manager and the fund service institution shall
Based on the account shares, confirm the register and shares of fund share holders of the corresponding side pocket account. Applications received on the same day
Purchase application shall be handled according to the share of main pocket account after the side pocket mechanism is enabled; Redemption application received on the same day, only
Manage the redemption application of the main bag account and pay the redemption money.
2、 Fund operation arrangements during the implementation of the side pocket mechanism
（1） Subscription and redemption of fund units
1. Side pocket account
During the implementation of the side pocket mechanism, the fund manager will not handle the subscription, redemption and conversion of the side pocket account. fund
If the unit holder applies for subscription, redemption or conversion of fund units in the side pocket account, the subscription, redemption or conversion application
Please be rejected.
2. Main pocket account
The Fund Manager will ensure that the holders of units in the master account enjoy the redemption rights agreed in the Fund Contract in accordance with the law,
The subscription items shall be reasonably determined according to the operation of the main account, and the specific items will be listed by the fund manager
It is stipulated in the relevant public notice.
When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date, after consultation with the fund custodian
After confirmation, the Fund Manager shall suspend the valuation of the Fund and suspend the acceptance of the application for subscription and redemption of the Fund or postpone the disbursement
Pay the redemption money.
3. Registration of Fund Units
During the implementation of the side pocket mechanism, the fund manager shall independently manage the shares of the side pocket account, and the main pocket account
The original fund code is used, and the side pocket account uses an independent fund code.
（2） Investment and performance of the Fund
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During the implementation of the side pocket mechanism, all investment operation indicators and fund performance indicators of the Fund shall be listed in the main pocket
Account assets are the benchmark.
In principle, the fund manager shall complete the investment in the main pocket account within 20 trading days after the side pocket mechanism is activated
The adjustment of the asset portfolio, except for the circumstances prescribed by the CSRC such as limited asset liquidity.
The fund manager shall not conduct other investment operations in the side pocket account except for the realization of specific asset disposal
Work.
During the implementation of the side pocket mechanism, when the fund manager and fund service institution calculate the relevant indicators of fund performance
Only the assets of the main pocket account are considered, and the decrease in the net assets of the fund caused by splitting the assets of the side pocket account is calculated in the fund performance
Relevant indicators shall be treated as investment losses. The fund manager and fund service institution shall, when presenting the fund performance
The above situations should be fully explained to avoid misunderstanding by investors.
（3） Fund expenses
If the Fund implements the side pocket mechanism, the expenses related to the side pocket account can be disbursed from the side pocket account, but
It can be disbursed only after the assets of the side pocket account are realized, and the relevant fees can be charged or reduced as appropriate, but cannot be charged
Management fees, and other fees are detailed in the relevant announcements issued at that time. Consulting and audit fees due to the use of side pocket mechanism
The fund manager shall bear the expenses.
（4） Income distribution of the Fund
During the implementation of the side pocket mechanism, when the shares of the main pocket account meet the conditions for income distribution of the fund contract,
The fund manager can distribute the income of the main pocket account shares. The side pocket account does not carry out income distribution.
（5） Information disclosure of the Fund
1. Net fund value information
During the implementation of the side pocket mechanism, the fund manager shall suspend the disclosure of the net value of the fund units and the base value of the side pocket account
Accumulated net value of gold shares.
2. Periodic reports
During the implementation of the side pocket mechanism, the Fund Manager shall, in accordance with the provisions of laws and regulations, report to the Fund on a regular basis
Disclose the relevant information of the inside pocket account during the reporting period. The fund accounting statements in the fund periodic report only need to be specific to the main pocket account
Account preparation. The information related to the side pocket account is disclosed separately in the periodic report. Accounting firm
When the annual report of the fund is audited, the accounting and year related to the operation of the fund side pocket mechanism during the reporting period shall be
To disclose the report, implement appropriate procedures and express audit opinions.
3. Interim report
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When the fund manager starts side pocket mechanism, disposes of specific assets, terminates side pocket mechanism and
Temporary announcements shall be issued in a timely manner after matters that can have a significant impact on the interests of investors. During the implementation of the side pocket mechanism,
If the assets in the side pocket account cannot be disposed and realized at one time, the fund manager shall
It is required by relevant laws and regulations to issue temporary announcements in a timely manner.
The contents of the temporary announcement for the launch of the side pocket mechanism should include the reasons and procedures for the launch, specific asset liquidity and
Important information such as valuation, impact on investors' purchase and redemption, risk warning, etc.
The contents of the temporary announcement on the disposal of specific assets shall include the price and time of the disposal of specific assets, and the side pocket account
Important information such as the amount paid by the account unit holder and the occurrence of relevant expenses.
（6） Disposal and liquidation of specific assets
The Fund Manager will, in accordance with the principle of maximizing the interests of fund share holders, dispose of specific assets
The corresponding amount shall be paid to the side pocket account unit holders in a timely manner by means of realization. Whether the assets in the side pocket account are
If not, the fund manager will timely pay the realized part to the side pocket account unit holders
Payables.
After the assets of the side pocket account are fully liquidated, the Fund Manager shall cancel the side pocket account.
（7） Audit of side pockets
The Fund Manager shall, after enabling the side pocket mechanism and terminating the side pocket mechanism, timely employ the Chinese who meet the requirements of
The accounting firm specified in the Securities Law of the People's Republic of China shall audit and disclose special audit opinions.
3、 The relevant provisions of this part on the side pocket mechanism refer directly to laws, regulations or regulatory rules
Some, such as the cancellation or change of relevant contents due to the modification of laws and regulations or regulatory rules in the future, or the future law
If laws, regulations or regulatory rules further stipulate the content of the side pocket mechanism, the fund manager shall
After the custodian has reached consensus and performed appropriate procedures, it has no material adverse effect on the interests of fund share holders
Under the premise, the content of this part can be directly modified and adjusted without the need to convene a meeting of fund share holders
Discussion.
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Part XVII Risk Disclosure
1、 Market risk
The Fund mainly invests in the securities market, and the price of the securities market is subject to political, economic, investment psychology and
The influence of various factors, such as trading system, will fluctuate, which will cause potential risks to the investment of the Fund, leading to
Gold income level fluctuates.
1. Policy risk
Changes in national macroeconomic policies, such as monetary policy, fiscal policy and industrial policy, have an impact on the money market
A certain impact, which will lead to the price fluctuation of the investment object and the risk of affecting the fund income.
2. Business cycle risk
The stock market is a barometer of the national economy, and the economic operation is characterized by periodicity. With the macro
With the cyclical change of economic operation, the income level of the securities invested by the fund will also change accordingly, resulting in
Risk.
3. Interest rate risk
The change of interest rate in the financial market directly affects the price and yield of bonds, as well as the financing of enterprises
Cost and profit, which in turn affects the income level of the securities held by the fund.
4. Yield curve risk
Money market investment varieties with different credit levels should have different short-term yield curve structures
If the curve does not change as expected, the deviation of fund investment decision will affect the return level of the fund.
5. Purchasing power risk
A portion of the Fund's income will be distributed in cash, which may be affected by inflation
The purchasing power will decrease, and the actual investment income of the fund will decrease.
6. International competition risk
With the improvement of China's market openness, the development of listed companies will inevitably be subject to similar technologies in the international market
Some listed companies may not be able to adapt to the new industry situation due to the strong competition of companies with technology or similar products
The performance declines and there is uncertainty.
7. Operating risks of listed companies
The operation of listed companies is affected by many factors, such as management ability, industry competition, market prospect
Technology updates, financial conditions, new product research and development, etc. will lead to changes in the company's profits. If the fund
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The listed company in which it invests does not operate well, and its securities price may fall, or the profits that can be used for distribution may be reduced
Less, so that the investment income of the fund will decline. Listed companies may also experience unforeseen changes. Although the fund can
This unsystematic risk can be dispersed through investment diversification, but it cannot be completely avoided.
2、 Credit risk
The fund counterparty has a transaction default or the issuer of the bonds held by the fund refuses to pay the bond principal
Interest, resulting in loss of fund property.
3、 Managing risk
1. Knowledge, experience, judgment, decision-making and skills of fund managers in the process of fund management and operation
Will affect its information possession and judgment of economic situation and securities price trend, thus affecting the fund
Income level.
2. The change of management means and management technology of fund managers will also affect the level of fund returns.
4、 Liquidity risk
The operation mode of the Fund is contractual open-ended, and the size of the Fund will follow the
It fluctuates continuously due to subscription and redemption. If the fund manager's
Difficulties in cash payment, or forced to sell a large number of securities at inappropriate prices, resulting in the net asset value of the fund
Adverse effects, resulting in liquidity risk.
Description of the Fund's main liquidity risk management methods:
1. Subscription and redemption arrangements of the Fund
The subscription and redemption arrangements of the Fund are detailed in "Part VIII, Subscription and Redemption of Fund Units" of this Prospectus
Redemption ".
2. Liquidity risk assessment of the proposed investment market, industry and assets
The Fund is a hybrid fund, and the proposed investment markets are mainly securities, futures exchanges and national inter-bank bonds
The securities market and other standardized trading places with good liquidity, and the main investment object is the finance with good liquidity
Instruments (including domestically issued and listed stocks, depositary receipts, Hong Kong stocks, bonds and stock indexes)
Futures, money market instruments, etc.), and the Fund has not
It is characterized by high concentration, and the liquidity risk of the Fund is moderate under the normal market environment through comprehensive assessment. For insurance
Protect the interests of share holders. On the basis of giving consideration to investment income, the fund manager will try to choose
For varieties with good liquidity, strictly monitor the investment proportion of liquidity restricted assets and establish effective liquidity
Internal system of risk management to minimize the liquidity risk of assets.
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3. Liquidity risk management measures in the case of huge redemption
In case of huge redemption of the Fund, the Fund Manager can
The circumstances determine full redemption, partial deferred redemption or suspension of redemption. At the same time, if the Fund
Large amount redemption occurs and the redemption application of a single fund unit holder on a single day exceeds the total fund shares on the previous open day
10% of the amount, the Fund Manager has the right to apply for redemption of the part of the single fund unit holder exceeding 10%
Please implement the extension, and apply for redemption of the single fund unit holder within 10% (including 10%),
The redemption units accepted on that day shall be determined according to the proportion of the redemption application amount of a single account in the total redemption application amount.
4. Implementation of alternative liquidity risk management tools, procedures and potential impact on investors
The Fund may implement alternative liquidity risk management tools to better deal with liquidity risk. base
After consultation with the Fund Custodian, the Fund Manager may follow the law on the premise of ensuring that investors are treated fairly
Laws, regulations and fund contract agreements, comprehensive use of various liquidity risk management tools
Appropriate adjustment shall be made as an auxiliary measure for liquidity risk management of fund managers under specific circumstances, including but not limited to
Limited to: (1) postponing the application for massive redemption; (2) Suspend accepting redemption application; (3) Deferred payment redemption
Money; (4) A short-term redemption fee will be charged. The Fund will charge investors with a continuous holding period of less than 7 days no less than
1.5% redemption fee; (5) Suspend fund valuation, when specific assets account for 50% of the net asset value of the fund on the previous valuation date
In case of the above, the Fund will suspend the valuation of the Fund upon consensus with the Fund Custodian; (6) Swing pricing mechanism;
(7) Implement side pocket mechanism.
When the Fund holds specific assets and there is or potential application for large redemption, the Fund Manager shall
The custodian may, after reaching consensus through consultation and consulting the accounting firm, comply with laws, regulations and the fund contract
It is agreed to enable the side pocket mechanism. During the implementation of the side pocket mechanism, the side pocket account shares will stop disclosing the net value of fund shares,
And may not handle subscription, redemption and conversion, and fund share holders may be unable to obtain side pocket accounts in a timely manner
Liquidity risk of corresponding funds. The Fund Manager will, in accordance with the principle of maximizing the interests of the holders
To timely pay the corresponding amount to the side pocket account share holders by means of disposal and realization of specific assets, but
Because the realization time of specific assets is uncertain, the final realization price is also uncertain and may
It is significantly lower than the valuation of specific assets when the side pocket mechanism is activated, and fund share holders may face losses as a result.
When fund managers implement liquidity risk management tools, it may have a certain potential impact on investors
Response, including but not limited to failure to subscribe for the Fund, failure to confirm redemption application or delayed arrival of redemption funds
If the holding period is less than 7 days, a higher redemption fee will be generated, resulting in loss of income, etc. Prompt investors to understand themselves
Liquidity preference and reasonable investment arrangement.
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5、 The Fund's unique risks
1. The Fund is a hybrid fund whose assets are mainly invested in the stock market and state-owned enterprises
The proportion of relevant securities in non cash fund assets shall not be less than 80%. Therefore, changes in the stock market will affect the fund
Performance. Although the Fund implements dynamic asset allocation in accordance with the risk return matching principle, it cannot
Completely resist the risk of overall market decline, which may affect the performance of fund net worth.
2. The Fund invests in stock index futures, which have certain market risk, credit risk and liquidity
Sexual risk, operational risk and legal risk.
3. The Fund invests in asset-backed securities, which have a certain risk of price fluctuation
Dynamic risk, credit risk and other risks. Price fluctuation risk refers to that the fluctuation of market interest rate will lead to asset support
The yield and price fluctuation of securities. Liquidity risk refers to the market size and trading activity of asset-backed securities
Due to the impact of jump degree, asset-backed securities may not be able to be bought in large quantities at the same price level or
If sold, there is a certain liquidity risk. Credit risk refers to the debt of asset-backed securities invested by the fund
People default, or delivery default occurs in the transaction process, or the credit quality of asset-backed securities decreases
As a result, the price of securities declines, causing losses to fund assets.
4. Risk of Hong Kong stock trading failure
There is a daily limit during the pilot period of Hong Kong Stock Connect business. Before the opening of the Stock Exchange of Hong Kong Limited
Stage: if the quota of the day is used up, the new purchase order declaration will face the risk of failure; Continuous at the Stock Exchange
During the trading period, if the quota of the day is used up, the Japanese fund will be unable to buy and deliver through the Hong Kong Stock Connect
Easy risk.
5. Exchange rate risk
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 Securities
It is recorded that the clearing limited liability company conducts net exchange and allocates the exchange cost to each transaction according to the transaction amount
The actual applicable settlement exchange rate of the fixed transaction. Therefore, the Fund's investment is exposed to exchange rate risk, and exchange rate fluctuations may affect the Fund
Loss caused by investment income.
6. Risks in overseas markets
(1) The Fund will invest in Hong Kong through the "Mainland and Hong Kong Stock Market Transaction Interconnection Mechanism"
The market has certain restrictions on market access, investment quota, investable objects, tax policies, etc,
Moreover, such restrictions may be adjusted continuously, and changes in these restrictions may affect the entry or exit of the Fund
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The local market creates obstacles, which directly or indirectly affects the investment income and normal purchase and redemption.
(2) The trading rules of the Hong Kong market are different from those of the mainland A-share market
Participation in Hong Kong stock investment under the Stock Market Trading Interconnection Mechanism will also face, but not limited to, the following special features
Special risks:
1) The Hong Kong stock market implements T+0 turnaround trading, and there is no limit on the rise and fall of individual stocks, so Hong Kong stock valuation may
The stock price fluctuates more violently than that of A-share.
2) Only the trading days in both the Mainland and Hong Kong that can meet the settlement arrangements are Hong Kong shares
On the trading day of Hong Kong Stock Connect, when the mainland market is open and Hong Kong market is closed, Hong Kong Stock Connect cannot be traded normally and Hong Kong Stock Connect cannot be timely
Selling may bring some liquidity risk.
3) The investor's situation or abnormality due to the distribution and conversion of rights and interests of Hong Kong Stock Connect, the acquisition of a listed company, etc
The securities listed on the Stock Exchange other than Hong Kong Stock Connect can only be sold through Hong Kong Stock Connect, but not
It may be purchased, unless otherwise stipulated by the domestic exchange; Acquired due to equity distribution or conversion of Hong Kong Stock Connect
If the subscription rights of the shares listed on the Stock Exchange are listed on the Stock Exchange, they can be sold through Hong Kong Stock Connect, but they shall not
Exercise; Not listed on the Stock Exchange due to distribution and conversion of equity of Hong Kong Stock Connect or acquisition of listed companies
Municipal securities may enjoy relevant rights and interests, but may not be purchased or sold through the Hong Kong Stock Connect.
4) Proxy voting. Because China Clearing is to submit votes to Hong Kong Clearing after summarizing investors' wishes
Willingness, the willingness solicitation period set by CSDCC for investors ended earlier than that of HKDCC; vote
If there is no equity registration date, the holding on the voting deadline shall be taken as the calculation basis; The number of votes exceeds the number held
The holding base shall be allocated in proportion. The above mentioned factors may bring special trading risks to the Fund's investment
Insurance.
7. Fund assets can be invested in depositary receipts, which will face challenges from innovative enterprises, overseas issuers, and Chinese depository
Unique risks brought by differences in the issuance mechanism and transaction mechanism of depositary receipts, including but not limited to innovative enterprises
Business risks such as sustainability and profitability, shares of depositary receipt holders and overseas underlying securities issuers
Risks that may arise from differences in legal status and rights enjoyed by the East; The deposit agreement automatically binds the deposit
Risks of holders of depositary receipts; Special security for holders of depositary receipts in terms of dividend distribution and voting rights
Eliminate possible risks; Risk of delisting depositary receipts; Price difference of depositary receipts due to listing in multiple places
And the risk of significant fluctuations in transaction prices affected by overseas markets; Risk of dilution of the rights and interests of holders of depositary receipts;
The issuers of underlying securities that have been listed overseas may differ from domestic issuers in terms of continuous information disclosure supervision
Risk; Other risks that may be caused by differences in domestic and overseas legal systems and regulatory environment can be invested by the Fund
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The net value of the fund may be affected by the price fluctuation of overseas underlying securities of the depositary receipts
The risks related to overseas underlying securities may directly or indirectly become the risks of the Fund.
6、 Other risks
1. Risks arising from technical factors, such as risks arising from unreliable computer systems;
2. Due to the rapid development of fund business, there are no problems in system construction, staffing, internal control system establishment, etc
Risks arising from improvement;
3. Risks caused by human factors, such as insider trading, fraud and other risks;
4. Possible risks due to reliance on key business personnel such as fund managers;
5. Possible risks due to business competitive pressure;
6. Other risks.
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Part XVIII Change and Termination of Fund Contract and Liquidation of Fund Assets
1、 Changes to the Fund Contract
1. Changes to the fund contract involving laws and regulations or contractual agreements shall be decided by the general meeting of fund share holders
In case of matters passed through the discussion, a general meeting of fund unit holders shall be convened for resolution. For laws and regulations and
The Fund Manager and the Fund Manager shall
The change shall be announced after the approval of the custodian 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 come into force from the date of voting
Effective, the resolution shall be announced in the specified media within two days after it takes effect.
2、 Reasons for Termination of the Fund Contract
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 Fund Custodians within 6 months
Undertaken by the Fund 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: within 30 working days from the date of termination of the Fund Contract
Establish a fund asset liquidation group, and the fund manager shall organize the fund asset liquidation group and supervise it in the CSRC
Supervise the liquidation of fund assets.
2. Composition of the Fund assets liquidation group: the members of the Fund assets liquidation group are the Fund Manager and the Fund Custodian
Custodians, certified public accountants and lawyers qualified to engage in securities related businesses, and persons designated by the CSRC
Member composition. 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) After the termination of the Fund Contract occurs and the Fund Assets Liquidation Team is established, the Fund Assets shall be cleared
The accounting team takes over the fund property in a unified way;
(2) Liquidate and confirm the fund assets, claims and debts;
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(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 liquidation
The report shall 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 limited
If it cannot be realized in time, the liquidation period shall be postponed accordingly.
4、 Liquidation expenses
Liquidation expenses refer to all contracts incurred by the fund assets liquidation team in the process of fund assets liquidation
The fund assets liquidation team shall pay the management fees and liquidation fees from the remaining assets of the fund in priority.
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 proportion of fund units shall be distributed.
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 in accordance with
The accounting firm stipulated in the Securities Law of the People's Republic of China shall audit and the legal opinion shall be issued by the law firm and then submitted
The CSRC shall record and announce. The fund assets liquidation announcement shall be submitted to the CSRC in the fund assets liquidation report for filing
The Fund Assets Liquidation Group shall make a public announcement within 5 working days after the case, and the Fund Assets Liquidation Group shall liquidate
The report is published on the specified website, and the suggestive announcement of the liquidation report is published on the specified newspaper.
7、 Preservation of fund assets liquidation books and documents
The fund assets liquidation account book and relevant documents kept by the fund custodian shall not be lower than those required by laws and regulations
Minimum Term.
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Part XIX Summary of the Fund Contract
1、 Parties to the Fund Contract and their rights and obligations
（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
But not limited to:
(1) Raising funds according to law;
(2) As of the effective date of the Fund Contract, it shall be used independently in accordance with laws and regulations and the Fund Contract
And manage the fund assets;
(3) Collect fund management fees in accordance with the Fund Contract and the provisions of laws and regulations or approved by the CSRC
Other approved 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 Contract and relevant laws and regulations
If a person violates the Fund Contract and relevant national laws and regulations, he shall report it to the CSRC and other regulatory authorities,
And take necessary 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
Reason;
(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) Determine 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, redemption and conversion applications within the scope agreed in the Fund Contract
Please;
(12) Exercise relevant rights against the invested company for the benefit of the Fund in accordance with laws and regulations, and for the benefit of the Fund
To 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) Exercising litigation rights on behalf of fund share holders in the name of the fund manager; or
Performing other legal acts;
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(15) Based on the selection and replacement of law firms, accounting firms, securities/futures brokers or others
External institutions providing services;
(16) Formulate and adjust relevant fund subscription, subscription
Redemption, conversion, custody transfer, fixed investment, income distribution, non trading transfer and other business rules;
(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 to handle
The sale, subscription, redemption and registration of fund units;
(2) Handling the fund filing procedures;
(3) From the effective date of the Fund Contract, manage and operate in the principle of good faith, prudence and diligence
Use of fund assets;
(4) Allocate sufficient personnel with professional qualifications to carry out fund investment analysis and decision-making, so as to be professional
Management and operation of fund assets;
(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 to separate the different funds under management
Management, separate bookkeeping and securities investment;
(6) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund shall not be used
Do not entrust a third person to operate the fund property if they seek benefits for themselves or any third person;
(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
The method shall comply with the provisions of the Fund Contract and other legal documents, and the net value of the Fund shall be calculated and announced in accordance with the relevant provisions,
Determine the price of subscription and redemption of fund units;
(9) Conduct fund accounting and prepare fund financial accounting reports;
(10) Prepare quarterly report, interim report and annual report;
(11) Information disclosure and
Reporting 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 before public disclosure
Disclose to others, but due to the requirements of regulatory authorities, judicial authorities and other competent authorities, or due to audit, law, etc
Except for the need of professional consultants of the Ministry to provide services;
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(13) Determine the fund income distribution plan according to the Fund Contract, and hold the fund shares in a timely manner
Distribution of fund income by people;
(14) Accept the application for subscription and redemption as required, and pay the redemption amount in time and in full;
(15) Convene the Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund unit holders in accordance with the law, or to cooperate with the fund custodian and fund unit holders;
(16) Keep the accounting books, statements, records and other relevant information of fund property management business activities as required
The relevant materials shall not be less than the minimum time limit prescribed by laws and regulations;
(17) Ensure that all documents or materials required to be provided to fund investors are issued within the specified time, and
To ensure that investors can check the information related to the Fund at any time according to the time and method specified in the Fund Contract
Disclose materials 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
Realization and distribution;
(19) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And notify the Fund Custodian;
(20) Loss or damage to fund assets due to violation of the Fund Contract
When he/she has rights and interests, he/she shall be liable for compensation, and his/her liability for compensation shall not be exempted by his/her retirement;
(21) Supervise the Fund Custodian to perform its obligations in accordance with laws and regulations and the Fund Contract
When the Fund Custodian violates the Fund Contract and causes losses to the Fund property, the Fund Manager shall hold
The interests of the Fund Custodian shall be recovered from the Fund Custodian;
(22) When the fund manager entrusts its obligations to a third party, it shall deal with the relevant funds to the third party
Take responsibility for the behavior of financial affairs;
(23) In the name of the Fund Manager, on behalf of the Fund Unitholders, exercise the right of litigation or enforce its
Other legal acts;
(24) The Fund Contract cannot take effect if the Fund fails to meet the filing conditions for the Fund during the raising period,
The Fund Manager shall bear all the raising costs and pay the raised funds in the base together with the interest of the current deposit of the bank for the same period
The fund shall be returned to the fund subscriber within 30 days after the end of the fund raising 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, CSRC and the Fund Contract.
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（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) As of the effective date of the Fund Contract, it shall be safe in accordance with laws, regulations and the provisions of the Fund Contract
Custody of fund assets;
(2) Obtain fund custody fees, laws and regulations or regulatory approval in accordance with the Fund Contract
Other approved expenses;
(3) To supervise the investment operation of the Fund Manager in the Fund, and if it is found that the Fund Manager has violated the Basic Law of the People's Republic of China
The fund contract and national laws and regulations have caused significant losses to the fund property and the interests of other parties
Have the right to report to the CSRC and take necessary measures to protect the interests of fund investors;
(4) Open or cancel fund account, securities account and other investment houses for the fund according to relevant market rules
An account is required to handle the clearing of securities trading funds for the Fund;
(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) A special fund custody department shall be set up, with satisfactory business premises and sufficient
Qualified full-time personnel familiar with fund custody business, responsible for fund property custody matters;
(3) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems,
To ensure the safety of the fund property and ensure that the fund property under its custody is different from the fund custodian's own property and
Fund assets are independent of each other; Set up separate accounts for different funds under custody, conduct independent accounting, and manage accounts separately,
Ensure that different funds are independent from each other 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 shall not be used
To seek benefits for oneself and any third party, it is not allowed to 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 the fund account, securities account and other accounts required for investment of the fund property according to the regulations
As agreed in the Gold Contract, clearing and delivery shall be handled in a timely manner according to the investment instructions of the Fund Manager;
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(7) Keep fund business secrets, unless otherwise specified in the Fund Law, the Fund Contract and other relevant regulations
In addition to the regulations, the fund information shall be kept confidential before public disclosure, and shall not be disclosed to others
At the request of competent authorities such as legal authorities, or for the need of external professional consultants such as audit and law consultants to provide services
Except in the case of supply;
(8) Review and review the net fund asset value, net value of various fund units
Subscription and redemption price of gold shares;
(9) To handle information disclosure related to fund custody business activities;
(10) To issue opinions on the financial and accounting reports, quarterly reports, interim reports and annual reports of the Fund, stating that
Specify whether the Fund Manager operates in all important aspects in strict accordance with the provisions of the Fund Contract; If
If the Fund Manager fails to implement the provisions of the Fund Contract, it shall also state whether the Fund Custodian has taken
Appropriate measures have been taken;
(11) Keep records, account books, statements and other relevant materials of fund custody business activities not lower than
The minimum period stipulated by laws and regulations;
(12) Receive and keep the register of fund unit holders from the fund manager or its entrusted registration institution;
(13) Prepare relevant account books as required and check with the fund manager;
(14) To pay fund income and
Redemption proceeds;
(15) Convene Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund share holders or to cooperate with the fund manager and fund share holders to convene a general meeting of fund share holders in accordance with the law;
(16) 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;
(18) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And the banking regulatory authority, and notify the fund manager;
(19) In case of any loss of fund property due to violation of the Fund Contract, the Company shall be liable for compensation and act as trustee
The liability for compensation during the period of custody shall not be exempted 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 have the right to hold for the Fund units in case of any loss to the Fund property due to the violation of the Fund Contract
Claim compensation from the Fund Manager for the interests of the Fund Manager;
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(21) Implement the effective resolutions of the general meeting of fund share holders;
(22) Other obligations stipulated by laws and regulations, CSRC and the 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 investor will become the fund share holder and the fund investor will become the fund share holder
The parties to the Fund Agreement until they no longer hold the Fund units of the Fund. The Fund Unitholders shall serve as the Fund Unitholders
The parties to the Fund Contract shall not be required to sign or seal the Fund Contract in writing.
Unless otherwise stipulated by laws and regulations or the fund contract, each fund unit of the same category has the same
And other legal rights and interests.
1. According to the Fund Law, the Operation Measures and other relevant provisions, the rights of fund share holders
Including but not limited to:
(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 a representative to attend the general meeting of fund unit holders
Exercise the right to vote on matters under consideration;
(6) Consulting or copying publicly disclosed fund information;
(7) To supervise the investment operation of the Fund Manager;
(8) The legal rights and interests of the fund manager, fund custodian and fund service institution shall be harmed in accordance with
Legal action 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
Including but not limited to:
(1) Carefully read and abide by the Fund Contract, Prospectus, Fund Product Profile and other information
Disclosure documents;
(2) Understand the fund products invested, understand their own risk tolerance, and independently judge the fund investment
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;
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(4) Pay the fund subscription and subscription amount and the fees specified in laws and regulations and the Fund Contract;
(5) Undertaking fund losses or terminating the Fund Contract within the scope of fund units held by them
Limited liability;
(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 resolutions of the general meeting of fund share holders;
(8) Return the improper gains obtained for any reason in the course of fund transactions;
(9) Provide the information required by the fund manager and regulatory authority according to law, and update and
Supplement and guarantee its authenticity;
(10) Comply with relevant transactions and businesses of the Fund Manager, Fund Custodian, Sales Agency and Registration Agency
Business rules;
(11) Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
（4） The rights and obligations of the parties to the Fund Agreement shall be based on the Fund Agreement and shall not be subject to
The name has changed.
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. Unless otherwise stipulated by laws and regulations or the Fund Contract
Unless otherwise agreed, each fund unit held by the fund unit holder shall have equal voting rights. Fund shares
The general meeting of the holders of fund units does not have a daily institution. If a daily institution is established at the general meeting of the holders of fund units in the future
The then effective laws and regulations shall be implemented.
（1） Reason for convening
1. Unless otherwise stipulated by laws and regulations, the CSRC or the Fund Contract
A general meeting of fund unit holders shall be held if one of the following matters is to be decided:
(1) Terminate the Fund Contract;
(2) Change the fund manager;
(3) Change the Fund Custodian;
(4) Change the operation mode of the fund;
(5) Raise the remuneration standard of the fund manager and the fund custodian or increase the sales service rate;
(6) Change of fund category;
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(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) writes about the same matter
To request the convening of a general meeting of fund share holders;
(12) Other matters that have a significant impact on the rights and obligations of the parties to the fund contract;
(13) Other provisions of laws and regulations, the Fund Contract or the CSRC shall convene fund share holding
Matters concerning the general meeting.
2. Without violating the provisions of laws and regulations and the provisions of the Fund Agreement, and without any real benefit to the Fund Unitholders
Under the premise of qualitative adverse effects, the following circumstances may be modified after consultation between the Fund Manager and the Fund Custodian
To convene 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 sales service rate, change the charging method, or increase
Reduce and adjust the setting of fund share categories;
(3) Due to changes in corresponding laws and regulations, relevant business rules of stock exchanges or registration institutions
The Fund Contract shall be amended;
(4) The amendment to the Fund Contract has no material adverse effect or modification on the interests of the Fund Unitholders
It does not involve significant changes in the rights and obligations of the parties to the Fund Contract;
(5) After performing appropriate procedures, the Fund launches new businesses or services;
(6) The fund manager, registration institution and fund sales institution adjust the fund subscription, purchase, redemption
Rules for conversion, non transaction transfer, custody transfer, fixed investment, income distribution and other businesses;
(7) Others that do not need to convene the general meeting of fund share holders in accordance with laws and regulations and the Fund Contract
situation.
（2） Convener and convening method
1. Unless otherwise stipulated by laws and regulations or the Fund Contract, the Fund Unitholders' Meeting shall be held by the Fund
Convening by the manager;
2. If the Fund Manager fails to convene or cannot convene the meeting as required, the Fund Custodian shall convene the meeting;
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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 in writing. If the Fund Manager decides to convene the meeting, it shall issue a written decision 60
Held within the day; If the Fund Manager decides not to convene the meeting and the Fund Custodian still considers it necessary, the Fund Custodian shall
The fund custodian shall convene the meeting on its own and notify the fund manager within 60 days from the date of issuing the written decision,
The Fund Manager shall cooperate;
4. The fund share holders representing more than 10% (including 10%) of the fund shares shall submit a written request on the same matter
A written proposal shall be submitted to the Fund Manager for convening a general meeting of Fund Unitholders. The Fund Manager shall
Decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and notify the proposed fund units in writing
The holder's representative and the fund custodian. If the fund manager decides to convene the meeting, it shall start from the date of issuing a written decision
Held within 60 days; The Fund Manager decides not to convene the meeting, which represents the basis of more than 10% (including 10%) of the Fund shares
If the gold share holders still think it necessary to hold the meeting, they shall submit a written proposal to the Fund Custodian. Fund Custody
People shall decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and inform the basis of the proposal in writing
Representatives of gold share holders and fund managers; If the Fund Custodian decides to convene the meeting, it shall issue a written decision
The Fund Manager shall be notified of the meeting within 60 days from the date of the meeting, and the Fund Manager shall cooperate;
5. Fund share holders representing more than 10% (including 10%) of the fund shares request to call
If a general meeting of fund unit holders is held and neither the fund manager nor the fund custodian convenes it, it shall be held separately or jointly
Form The fund share holders with more than 10% (including 10%) of the fund shares have the right to convene at least 30 days in advance
Daily report to China Securities Regulatory Commission for filing. Where a fund unit holder convenes a general meeting of fund unit holders on his own according to law
The Fund Manager 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.
（3） Time, content and method of notice for convening the general meeting of fund unit holders
1. To convene a general meeting of fund share holders, the convener shall, at least 30 days before the meeting
Referral announcement. 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)
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Term of validity, etc.), authorization methods (including but not limited to paper authorization, telephone authorization, SMS authorization and network
Authorization method, 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 methods and voting methods adopted by the General Meeting of Fund Unitholders (including but not limited to
Paper voting, online voting, SMS voting, etc.), the entrusted notary office and its contact information and
Contact person, deadline for sending voting opinions and collection method.
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
The designated place shall supervise the counting of votes; If the convener is the fund unit holder, it shall issue a separate letter
Inform the Fund Manager and the Fund Custodian in person to go to the designated place to supervise the counting of votes. Fund management
If the manager or the fund custodian refuses to send representatives to supervise the counting of votes, the voting opinions will not be affected
Vote counting effect.
（4） Ways of Fund Unitholders Attending the Meeting
The general meeting of fund share holders may adopt laws, regulations or supervision such as on-site meetings, communication meetings, etc
Other methods allowed by the institution shall be adopted, and the convening method of the meeting shall be determined by the convener.
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
The agenda of the general meeting of fund share holders may be held when the following conditions are met simultaneously:
(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
The certificate of fund shares and the proxy voting authorization certificate of the trustor comply with laws and regulations and the Fund Contract
And the provisions of the notice of the meeting, and the vouchers for holding fund units 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 fund units, the convener may hold the general meeting of fund unit holders within 3 months after the original announcement
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The general meeting of fund unit holders shall be reconvened within 6 months thereafter on the matters originally scheduled for consideration. Reconvened
The effective fund units represented by the participants of the general meeting of fund unit holders on the equity registration date shall not be less than the amount of the Fund
One third (including one third) of the total fund shares on the equity registration date.
2. Correspondence meetings. Correspondence meeting means that the Fund Unitholders vote on voting matters in written form
Or other methods specified in the notice of the meeting shall be delivered to the address designated by the convener or
System. The communication meeting shall vote in writing or in other ways specified in the meeting notice.
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 continue to work within 2 working days
Publish 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 votes. The convener of the meeting is in custody of the fund
The trustee (or the fund manager if the fund trustee is the convener) and the notary office shall, under the supervision of the meeting
Collect the voting opinions of fund share holders in the manner specified in the notice; Fund Custodian or Fund Manager Economic Communication
Whether or not to participate in the collection of voting opinions does not affect the voting effect;
(3) In case of directly issuing voting opinions or authorizing others to issue voting opinions
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 voting opinions or authorize others to issue voting opinions on behalf of fund share holders
If the fund unit is less than half of the total fund unit on the equity registration date, the convener may
After 3 months and within 6 months from the time of holding the general meeting of gold share holders, the meeting shall be reconvened for the original matters to be considered
General Meeting of Fund Unitholders. The reconvened general meeting of fund unit holders shall have one-third of the representatives
The holders of the above (including 1/3) fund shares directly issue voting opinions or authorize others to issue voting on behalf of them
opinion;
(4) Fund unit holders or entrusted representatives who directly issue voting opinions in Item (3) above
The agent who issues the voting opinion, the certificate of holding the fund unit submitted at the same time, and the agent entrusted to issue the voting opinion
The certificate issued by the agent that the principal holds fund shares and the certificate of proxy voting authorization of the principal
Comply with laws and regulations, the Fund Contract and the notice of the meeting, and comply 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 Fund Unitholders
Voting can also be carried out by network, telephone or other means, or by network, telephone or other legitimate parties
To authorize others to attend the meeting and vote on behalf.
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4. In terms of the way of holding the meeting, the Fund can also use other off-site ways or on-site ways to communicate with non
The general meeting of fund share holders shall be held in a combination of on-site methods, and the meeting procedures shall refer to on-site meetings and communications
The procedure of the meeting shall be carried out.
（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 to the Fund Contract
Change, decide to terminate the Fund Contract, change the Fund Manager, change the Fund Custodian, and cooperate with other funds
And other matters stipulated by laws and regulations and the Fund Contract, as well as the convener of the meeting thinks it is necessary to submit funds
Other matters discussed at the general meeting of shareholders.
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 in accordance with the procedures specified in Article (7) below
And announce the scrutineers, and then the presider of the meeting reads out the proposal. After discussion, the proposal is voted and the resolution of the meeting is formed
Discussion. The presider of the meeting is the representative authorized by the fund manager to attend the meeting
In case of presiding over the meeting, the representative authorized by the Fund Custodian to attend the meeting shall preside over the meeting; If the fund manager
If neither the authorized representative nor the authorized representative of the Fund Custodian can preside over the meeting, the fund shares attending the meeting shall hold
More than 50% (including 50%) of the voting rights held by persons and agents shall elect a fund share holder as
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 Fund Unitholders shall not affect the validity of the resolutions made at the General Meeting of Fund Unitholders.
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 principals
Name (or unit name) and contact information.
(2) Communication meeting
In the case of a communication meeting, the convener shall first announce the proposal at least 30 days in advance
Within 2 working days after the deadline for voting, the convener shall count all valid votes under the supervision of the notary office
The resolution is formed under the supervision of the notary office.
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（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; In addition to the requirements specified in item 2 below
Matters other than those passed by special 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. In addition to laws and regulations, CSRC
Unless otherwise specified or agreed in the fund contract, change the operation mode of the fund, change the fund manager or fund trust
Custody, termination of the Fund Contract, and merger of the Fund with other funds shall be effective only after special resolutions are passed.
The general meeting of fund share holders shall vote by open ballot.
When voting by means of communication, unless the supervisor has sufficient evidence to the contrary when counting votes,
Otherwise, the vote of submitting the investor's identity confirmation document in accordance with the provisions of the notice of the meeting shall be deemed as valid attendance
The voting opinions that apparently meet the requirements of the notice of meeting shall be deemed as valid voting, and the voting opinions are ambiguous or inconsistent
Contradictory cases shall be deemed as abstention from voting, but shall be included in the basis represented by the fund share holder who issues the voting opinion
Total number of gold shares.
The proposals of the general meeting of fund share holders or the parallel topics in the same proposal shall be separated
Review 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 funds shall be elected from among the fund share holders and agents present at the meeting
The representative of the unit holder and a supervisor authorized by the convener of the meeting jointly act as the scrutineer; If the General Assembly is held by the Fund
Although the unit holders themselves or the general meeting is convened by the fund manager or the fund custodian, the fund management
If the Fund Custodian or the Fund Custodian fails to attend the meeting, the chairperson of the Fund Unitholders' meeting shall
Announce that among the fund share holders present at the meeting, three representatives of fund share holders will be elected as scrutineers.
The absence of the Fund Manager or the Fund Custodian from the meeting shall not affect the effectiveness of vote counting.
(2) The scrutineers shall count the votes immediately after the fund share holders vote and the chairman of the meeting shall act as
The results of the vote counting will be announced on the spot.
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(3) If the chairman of the meeting or the fund share holder or agent has any concerns about the voting results submitted
In case of doubt, the number of votes required can be counted again immediately after the announcement of the voting results. The scrutineer shall
Re inventory is limited to one time. After re counting, the presider of the meeting shall announce the re counting on the spot
Point results.
(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 general meeting are in the fund
Supervised by the authorized representative of the custodian (or the authorized representative of the fund manager if convened by the fund custodian)
The counting process shall be notarized by the notary office. The Fund Manager or the Fund Custodian refuses to appoint a representative
If the voting table supervises the counting of votes, it shall not affect the counting and voting results.
（8） Effectiveness and announcement
The convener shall report the resolution of the general meeting of fund unit holders to China Securities Regulatory Commission within 5 days from the date of voting
Recorded by the Regulatory Commission.
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 specified 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
The name of the certification authority and the notary shall be announced together.
The Fund Manager, the Fund Custodian and the Fund Unitholders shall implement the effective Fund Unitholders
General Assembly resolutions. Effective resolution of the general meeting of fund unit holders on the management of all fund unit holders and funds
Both the trustee and the fund trustee are binding.
（9） Special agreement of the general meeting of fund share holders during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the proportion of relevant fund units or voting rights refers to the holders of main pocket units
The fund shares or voting rights held or represented by and side pocket unit holders respectively conform to such proportion, but if relevant
If the matters to be convened and deliberated at the general meeting of fund share holders do not involve side pocket accounts, they only refer to the main pocket share holders
The fund shares or voting rights held or represented by the Company meet these proportions:
1. The Fund Unitholders who exercise the right of proposal, convening and nomination need to represent the relevant funds individually or collectively
Share more than 10% (including 10%);
2. The fund units represented by the participants in the on-site meeting on the equity registration date shall not be less than that of the Fund in Quanyideng
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One half (including one half) of the relevant fund shares on the record date;
3. Fund units that directly issue voting opinions or authorize others to issue voting opinions in correspondence meetings
The fund units held by the holder shall not be less than half (including half) of the relevant fund units on the equity registration date
One);
4. When the Fund Unitholders who participate in the voting of the General Meeting of Fund Unitholders hold small Fund Units
On the equity registration date, half of the relevant fund units, the convener held the majority of the fund units in the original announcement
Fund unit holdings reconvened within 6 months and 3 months after the date of the meeting
The National People's Congress shall have holders representing more than one-third (including one-third) of the relevant fund units participate in or grant
To authorize others to vote at the general meeting of fund share holders;
5. More than 50% of the voting rights of fund share holders and proxies attending the meeting
(50% included) elect a Fund Unitholder to preside over the general meeting of Fund Unitholders
People;
6. General resolutions shall be subject to two percent of the voting rights held by fund share holders or their proxies attending the meeting
More than one half (including one half) passed;
7. The special resolution shall be subject to three votes held by the fund share holders or their agents attending the meeting
More than two thirds (including two thirds) passed.
During the implementation of the side pocket mechanism, the matters to be considered at the general meeting of fund share holders involve the main pocket account and the side pocket account
The fund share holders of the main pocket account and the side pocket account shall vote respectively
Each fund share in the fund has equal voting rights. If the voting matter does not involve the side pocket account, the side pocket account
No voting rights.
During the implementation of the side pocket mechanism, the relevant provisions on the general meeting of fund share holders shall be subject to the special provisions of this section
The provisions not specified in this section shall apply to the relevant provisions above.
（10） This part deals with the causes, conditions, procedures and tables of the general meeting of fund unit holders
Prerequisites and other provisions, which directly refer to laws, regulations or regulatory rules, such as future laws, regulations or regulatory rules
If the amendment of the management rules results in the cancellation or change of the relevant contents, the Fund Manager shall reach an agreement with the Fund Custodian through consultation
After the announcement in advance, the content of this part can be modified and adjusted directly without the need to convene fund share holders
Deliberation by the General Assembly.
3、 Change and termination of fund contract and liquidation of fund assets
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（1） Changes to the Fund Contract
1. The change of fund contract involves the provisions of laws and regulations or this 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 come into force from the date of voting
Effective, the resolution shall be announced in the specified media within two days after it takes effect.
（2） Reasons for Termination of the Fund Contract
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 Fund Custodians within 6 months
Undertaken by the Fund 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: within 30 working days from the date of termination of the Fund Contract
Establish a fund asset liquidation group, and the fund manager shall organize the fund asset liquidation group and supervise it in the CSRC
Supervise the liquidation of fund assets.
2. Composition of the Fund assets liquidation group: the members of the Fund assets liquidation group are the Fund Manager and the Fund Custodian
Custodians, certified public accountants and lawyers qualified to engage in securities related businesses, and persons designated by the CSRC
Member composition. 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) After the termination of the Fund Contract occurs and the Fund Assets Liquidation Team is established, the Fund Assets shall be cleared
The accounting team takes over the fund property in a unified way;
(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 liquidation
The report shall 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 limited
If it cannot be realized in time, the liquidation period shall be postponed accordingly.
（4） Liquidation expenses
Liquidation expenses refer to all contracts incurred by the fund assets liquidation team in the process of fund assets liquidation
The fund assets liquidation team shall pay the management fees and liquidation fees from the remaining assets of the fund in priority.
（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 proportion of fund units shall be distributed.
（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 in accordance with
The accounting firm stipulated in the Securities Law of the People's Republic of China shall audit and the legal opinion shall be issued by the law firm and then submitted
The CSRC shall record and announce. The fund assets liquidation announcement shall be submitted to the CSRC in the fund assets liquidation report for filing
The Fund Assets Liquidation Group shall make a public announcement within 5 working days after the case, and the Fund Assets Liquidation Group shall liquidate
The report is published on the specified website, and the suggestive announcement of the liquidation report is published on the specified newspaper.
（7） Preservation of fund assets liquidation books and documents
The fund assets liquidation account book and relevant documents kept by the fund custodian shall not be lower than those required by laws and regulations
Minimum Term.
4、 Dispute resolution and applicable law
All parties agree that all disputes arising from or in connection with the Fund Contract
If no settlement can be reached through friendly negotiation, either party has the right to submit the dispute to Shenzhen International Arbitration Court
The arbitration shall be conducted in accordance with the then effective arbitration rules of Shenzhen International Arbitration Court, and the place of arbitration shall be Shenzhen. arbitration award
It is final and binding on the parties. Unless otherwise determined by the arbitration award, arbitration fees and attorney fees
All shall be borne by the losing party.
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During the period of dispute resolution, the Fund Manager and the Custodian shall abide by their respective responsibilities and continue to be faithful, diligent
Fulfill the obligations specified in the fund contract conscientiously and safeguard the legitimate rights and interests of fund share holders.
The Fund Contract is governed by the laws of China (for the purpose of this Contract, excluding Hong Kong Special Administrative Region and Macao
The laws of the Special Administrative Region and Taiwan shall govern and be interpreted in accordance with them.
5、 Depository of fund contracts and ways for investors to obtain fund contracts
The Fund Contract can be printed in a volume for investors to register with the Fund Manager, Fund Custodian and Sales Agency
For office and business premises.
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Part XX Summary of the Fund Custody Agreement
1、 Parties to the Escrow Agreement
（1） Fund manager (also called asset manager)
Name: Cinda Australia Asia Fund Management Co., Ltd
Address: China Resources Building, 2666 Keyuan South Road, Haizhu Community, Yuehai Street, Nanshan District, Shenzhen
L1001
Office address: 10/F, China Resources Building, 2666 Keyuan South Road, Nanshan District, Shenzhen
Postal code: 518063
Legal representative: Zhu Yongqiang
Time of establishment: June 5, 2006
Approved by: China Securities Regulatory Commission
Approval No. of establishment: China Securities Regulatory Commission Zheng Jian Ji Jin Zi [2006] No. 071
Organizational form: limited liability company
Registered capital: RMB 100 million
Duration: continuous operation
Business scope: fund raising; Fund sales; Asset management and other businesses permitted by the CSRC.
（2） Fund custodian (also called asset custodian)
Name: China Merchants Bank Co., Ltd. (hereinafter referred to as: China Merchants Bank)
Address: China Merchants Bank Building, No. 7088, Shennan Avenue, Shenzhen
Office address: China Merchants Bank Building, No. 7088, Shennan Avenue, Shenzhen
Postal code: 518040
Legal representative: Miao Jianmin
Time of establishment: April 8, 1987
Approval No. of fund custody business: Zheng Jian Ji Jin Zi [2002] No. 83
Organizational form: limited liability company
Registered capital: 25.22 billion yuan
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Duration: continuous operation
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
Supervise the investment scope, investment proportion, investment restrictions, related party transactions, etc.
1. The investment scope of the Fund is:
Financial instruments with good liquidity, including domestic legally issued and listed stocks (including the main board
Stock market and other stocks approved or registered for listing by the CSRC), depositary receipts, Hong Kong Stock Connect underlying stocks
Bonds (including government bonds, central bank bills, financial bonds, corporate bonds, corporate bonds, publicly issued subordinated bonds
Fang government bonds, government supported institutional bonds, medium-term notes, convertible bonds (including convertible bonds that can be separately traded
Pure debt), exchangeable bonds, short-term financing bonds, ultra short-term financing bonds, etc.), asset-backed securities, bonds
Repurchase of bonds, money market instruments, inter-bank certificates of deposit, bank deposits, stock index futures and laws and regulations or China Securities
Other financial instruments permitted by the CSRC to be invested by the Fund (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 the following duties:
After the procedure, it can be included in the scope of investment.
2. The investment proportion and investment restrictions of various varieties of the Fund are:
(1) The proportion of the Fund's investment portfolio is: the ratio of the Fund's shares and depositary receipts assets to the Fund's assets
For example, 60% - 95%, of which the proportion of Hong Kong shares in the stock assets does not exceed 50%; Investment in state-owned enterprises
The proportion of theme related securities in non cash fund assets shall not be less than 80%. The fund is withholding at the end of each trading day
In addition to the trading margin required to be paid for the stock index futures contract, the cash retained by the fund and the investment on the maturity date
The total proportion of government bonds within one year shall not be less than 5% of the net asset value of the fund; Cash does not include settlement
Calculate provisions, deposits and purchase accounts receivable, etc.
If laws and regulations or the CSRC changes the investment proportion limit of investment varieties, the fund manager is performing
After proper procedures are followed, the investment proportion of the above investment varieties can be adjusted.
(2) Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
1) The share and depositary receipt assets of the Fund account for 60% - 95% of the Fund's assets, including Hong Kong Stock Connect
The proportion of the underlying stock in the stock assets shall not exceed 50%; Investment in state-owned enterprise theme related securities accounted for non cash funds
The proportion of assets shall not be less than 80%;
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2) At the end of each trading day of the Fund, after deducting the trading margin required to be paid for the stock index futures contract
The total proportion of cash retained by the fund and government bonds invested within one year of maturity shall not be less than that of the fund
5% of net asset value; Among them, cash does not include settlement provisions, deposits and subscription receivables;
3) The Fund holds securities issued by a company (the same company is listed in both China and Hong Kong
A+H shares), whose market value does 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 (the same company
A+H shares listed simultaneously in China and Hong Kong), not more than 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
All sales shall be made within 3 months from the date of report release;
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 total asset value of the Fund shall not exceed 140% of the net asset value of the Fund;
12) 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; Other than fund managers 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 this item due to the factors of
Investment in sexually restricted assets;
13) 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;
14) The Fund, private securities asset management products and other entities recognized by the CSRC are trading pairs
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For reverse repurchase transactions, the qualification requirements for acceptable collateral should be consistent with the investment scope agreed in the fund contract
Keep the enclosure consistent;
15) When the Fund holds stock index futures, it shall comply with the following investment restrictions prescribed by the CSRC:
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 stock index futures contracts purchased held by the Fund and the securities market
The sum of the values 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 pledged financial assets)
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 the shares held;
④ 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;
⑤ 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;
16) The proportion limit of the Fund's investment in depositary receipts shall be subject to the shares listed and traded in China
Consolidated calculation of listed shares;
17) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
In addition to items 2), 9), 12) and 14) above, due to fluctuations in securities and futures markets, securities issuance
The fund investment proportion does not meet the above requirements due to factors other than the fund manager, such as merger and fund size change
If the investment proportion is specified, the fund manager shall make adjustment within 10 trading days, but the CSRC
Except for special circumstances specified. Where laws and regulations provide otherwise, such provisions shall prevail.
The Fund Manager shall, within six months as of the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the mutual fund contract. During the above period, the investment scope and investment strategy of the Fund shall comply with
Agreement of the Fund Contract. The Fund Custodian's supervision and inspection of the Fund's investment since the effective date of the Fund Agreement
Start.
Laws and regulations or regulatory authorities cancel or adjust the above restrictions. If applicable to the Fund, the Fund Manager shall
After performing the appropriate procedures, the Fund's investment will no longer be subject to the relevant restrictions or in accordance with the adjusted provisions.
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3. The assets of the Fund shall 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, unless otherwise stipulated by laws and regulations or 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.
4. 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 other significant interests with it or underwritten during the underwriting period
Securities or other major related party transactions shall comply with the investment objectives and strategies of the Fund
Follow the principle of giving priority to the interests of fund share holders, prevent conflicts of interest, establish and improve the internal approval mechanism and evaluation
The mechanism shall be implemented according to fair and reasonable market price. Relevant transactions must be approved by the Fund Custodian in advance,
And shall be disclosed in accordance with laws and regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be subject to
It is approved by more than two thirds of independent directors. The Board of Directors of the Fund Manager shall, at least half a year
Review.
If laws, administrative regulations or regulatory authorities cancel or adjust the above restrictions, if applicable to the Fund
After the administrator has performed the appropriate procedures, the Fund is not subject to the above provisions or the adjusted provisions are
Accurate.
5. The Fund Manager shall, within 6 months from the effective date of the Fund Agreement, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the mutual fund contract. During the above period, the investment scope and investment strategy of the Fund shall comply with
Agreement of the Fund Contract.
The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of this Fund Contract. because
Caused by reasons other than fund managers, such as fluctuations in the securities market, mergers of securities issuers or changes in fund size
If the investment proportion does not comply with the above provisions, the Fund Manager shall adjust it within 10 trading days. Legal law
If the regulations provide otherwise, the regulations shall prevail.
6. If laws, regulations and regulatory policies prohibit investment and investment portfolio agreed in the fund contract
If the proportion limit is changed, the Fund may adjust the prohibitions and investment proportion restrictions accordingly, without going through
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Deliberated by the general meeting of fund share holders. The Fund Law and other relevant laws and regulations or the regulatory authorities cancel the above
In case of restrictions, the Fund shall not be subject to the above restrictions after due procedures have been performed.
（2） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the Fund Contract
The administrator selects the deposit bank for supervision. Where a fund invests in a fixed deposit with a bank, the fund manager shall
Determine the list of all eligible deposit banks in accordance with the provisions of laws and regulations and the Fund Contract, and
Timely provide it to the Fund Custodian. The Fund Custodian shall invest in bank deposits with the following counterparties:
Whether it complies with relevant regulations for supervision, for example, the fund manager fails to report to the fund custodian before the fund investment operation
If a list of deposit banks is provided, it shall be deemed that the Fund Manager approves all banks. For unqualified bank deposits
The Fund Custodian may refuse to implement and notify the Fund Manager.
The investment bank deposits of the Fund shall comply with the following provisions:
1. The proportion of the Fund's investment in fixed term bank deposits shall not exceed 30% of the net asset value of the Fund,
However, investment in bank deposits with a deposit term that can be withdrawn in advance according to the agreement is not subject to the above proportion limit; throw
Net fund assets accounted for by bank deposits and interbank deposit receipts of the same commercial bank with fund custodian qualification
The total proportion of values shall not exceed 20%; Bank invested in the same commercial bank without fund custodian qualification
The total proportion of bank deposits and inter-bank deposit receipts in the net asset value of the Fund shall not exceed 5%.
Relevant laws and regulations or regulatory authorities formulate or modify new fixed deposit investment policies
After performing the appropriate procedures, the provisions of the portfolio restrictions may be adjusted accordingly.
2. The Fund Manager is responsible for evaluating and studying the deposit banks of the Fund, and establishing and improving the
Business process, job responsibilities, risk control measures and supervision and audit system to effectively prevent relevant risks. fund
The Custodian is responsible for the supervision and verification of the fixed deposit business of the Fund's banks, and the review and review of relevant agreements and accounts
Account information, investment instructions, deposit certificates and other relevant documents, and earnestly perform the custody responsibilities.
(1) The fund manager is responsible for controlling credit risk. Credit risk mainly includes the credit of deposit banks
The risk of deposit bank selection is related to the payment ability of deposit banks. Because the deposit bank is not selected
The Fund Manager shall be liable for any loss of the Fund property.
(2) The Fund Manager is responsible for controlling the liquidity risk and bearing the losses caused by ineffective control.
Liquidity risk mainly includes that the fund manager requires full withdrawal in advance, partial withdrawal in advance or withdrawal at maturity
However, the risk that the deposit bank fails to honor in time and the fund investment bank deposit cannot meet the normal settlement business of the fund
The risk of the transaction, the impact of the interest loss involved in the full or partial early withdrawal on the valuation, etc
To fund liquidity risk.
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(3) The fund manager shall strengthen the construction of internal risk control system. In case of fund management personnel
If the fund property suffers losses due to the financial behavior, the fund manager shall bear the losses caused thereby.
(4) When carrying out fund deposit business, the Fund Manager and the Fund Custodian shall strictly observe
Law of the People's Republic of China, Operation Measures and other relevant laws and regulations, as well as national account management, interest rate management and payment
Provisions on settlement, etc.
（3） Signing of deposit agreement of fund investment bank, account opening and management, investment instruction and fund transfer
Payment, account verification, due payment, withdrawal in advance
1. Signing of the Fund Investment Bank Deposit Agreement
(1) The fund manager shall sign the "Fund Deposit Agreement" with the head office of a qualified deposit bank or its authorized branch
General Cooperation Agreement on Business (subject to the name of the document finally signed, the same below) (hereinafter referred to as "General")
Cooperation Agreement) to determine the format of the Deposit Agreement. Overall Cooperation Agreement and Deposit Association
The format of the Proposal shall be jointly agreed by the Fund Custodian and the Fund Manager.
(2) The Fund Custodian shall, in accordance with relevant laws and regulations
Allow for review, review of deposit bank qualification, etc.
(3) The Fund Manager shall specify the deposit certificate or other valid certificates of deposit in the Deposit Agreement
The handling method, mailing address, contact person and telephone number of the certificate, as well as the deposit certificate or other valid vouchers
Confirmation and cashing method of deposit balance after it is lost in the mail.
(4) The branch designated by the deposit bank to deposit deposits (hereinafter referred to as "deposit branch")
The Fund Custodian may send or deliver the deposit certificate or other valid deposit certificates to the deposit branch
The deposit branch and its superior bank shall cooperate with the institution's superior bank in issuing the deposit balance confirmation request letter.
(5) The Fund Manager shall specify in the Deposit Agreement that the funds deposited are due or cashed in advance
All funds shall be transferred to the designated fund custody account, and the account name and account shall be indicated in the Deposit Agreement
No., the deposit bank shall bear all responsibilities if it is not transferred to the designated account.
(6) The Fund Manager shall stipulate in the Deposit Agreement that during the deposit period, such as the Bank Account of the Fund
In case of any change in the reserved seal of the account, the administrator shall timely notify the depository bank in writing, and the written notice shall be stamped with the fund trust
The administrator reserves the seal. The deposit branch shall timely issue the change to the fund manager and the fund custodian
Formal written confirmation. The service method of the change notice is the same as the account opening procedures. During the deposit period, deposit branches and
If the designated contact person of the Fund Custodian is changed, it shall promptly notify the other party in writing by affixing its official seal.
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(7) The Fund Manager shall stipulate in the Deposit Agreement that the certificates of deposit arising from time deposits shall not
Pledged or mortgaged in any way shall not be used for transfer or endorsement.
2. Account opening and management when the fund invests in bank deposits
(1) When the Fund invests in bank deposits, the Fund Manager shall, in accordance with the requirements of the Fund Manager and the deposit bank
The signed Overall Cooperation Agreement, Deposit Agreement, etc., in the name of the fund
Authorize branches designated by branches to open bank accounts.
(2) The reserved seal of the Fund when investing in bank deposits shall be kept and used by the Fund Custodian.
3. Transfer of deposit certificates, account verification and due cashing
(1) Transfer of deposit certificates such as deposit certificates
Deposit funds can only be deposited in the branch designated by the head office of the deposit bank or its authorized branch. fund
The manager shall stipulate in the Deposit Agreement that the branch of the deposit bank shall issue a deposit certificate for the fund
Or other valid deposit certificates (hereinafter referred to as "deposit certificates"), which are fund deposits confirmed or expired
A valid voucher for withdrawal, and only a unique deposit voucher can be issued for each deposit. On the day of receipt of funds
The accountant designated by the branch of the bank faxes a copy of the deposit certificate and calls the fund custodian
After confirmation of receipt, the original deposit certificate shall be sent by express or delivered to the designated contact of the fund custodian
People; If the branch of the deposit bank keeps the deposit voucher on its behalf, the branch of the deposit bank shall appoint the accountant
The custodian shall fax a copy of the deposit certificate and confirm the receipt by telephone with the fund custodian.
(2) Replacement of lost deposit certificates
If the deposit certificate is lost in the process of mailing, the fund manager shall apply to the deposit bank for reissue
The fund manager shall urge the deposit bank to reissue the deposit certificate as soon as possible, and send it by express or door-to-door according to the above (1)
When delivered to the custodian, the original deposit certificate will be automatically voided.
(3) Reconciliation of accounts
Each working day, the Fund Manager shall check with the Fund Custodian the investment balance of each bank deposit and
Accrue interest.
The Fund Manager shall stipulate in the Deposit Agreement that for time deposits with a deposit term of more than 3 months,
The Fund Custodian shall initiate inquiry and reply to the deposit bank quarterly, and the deposit bank shall comply with the requirements of the People's Bank of China
Relevant time limit requirements for inquiry and reply shall be replied in time. The fund manager has the responsibility to urge the deposit bank to respond in a timely manner
Query and reply. The responsibility for misappropriation and theft of funds due to the failure of the deposit bank to reply in time shall be borne by the deposit bank
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Dan.
The deposit bank shall cooperate with the fund custodian to inquire about the certificate of deposit and stamp the deposit bank on the letter of inquiry
The official seal of the Bank shall be sent to the designated contact person of the Fund Custodian.
(4) Cash at maturity
The Fund Manager shall notify the Fund Custodian in advance to send the original deposit certificate to the deposit bank by express
The accountant designated by the branch. If the deposit bank has not received the original deposit certificate, it shall call the fund custodian
Ask. Before the deposit matures, the Fund Manager shall confirm with the deposit bank that the deposit voucher has been received and paid on the maturity date
Principal and interest matters.
When the Fund Custodian fails to receive the principal and interest of the deposit on the maturity date of the deposit or the amount of the principal and interest of the deposit is inconsistent, it shall notify the Fund Custodian
The fund manager shall contact with the deposit bank about the time of deposit arrival and the supplementary payment of interest. The fund manager shall contact
The results shall be notified to the Fund Custodian, who shall notify the Fund Manager on the day when it receives the principal and interest of the deposit.
The Fund Manager shall stipulate in the Deposit Agreement that if a deposit certificate is lost in the mail, it shall be deposited
The beneficiary bank shall immediately notify the fund custodian who shall affix its official seal on the copy of the original deposit certificate and
After issuing relevant supporting documents and confirming by telephone with the designated accounting supervisor of the deposit bank, the deposit bank shall
The principal and interest of the deposit shall be transferred to the designated fund account on the th day of the month. If the maturity date of the deposit is a legal holiday, the deposit bank
The bank shall postpone the payment to the first working day after the due date, and the deposit bank shall pay according to the interest rate agreed in the original agreement and the actual extension
Delay interest shall be paid for each day.
4. Withdrawal in advance
If within the deposit term, due to the reduction of fund size or liquidity management
The fund manager may withdraw all or part of the funds in advance due to needs and other reasons.
The specific matters of early withdrawal shall be subject to the Deposit Agreement signed between the Fund Manager and the deposit bank
that 's ok.
5. Supervision of fund investment bank deposits
The Fund Custodian finds that the Fund Manager violates the provisions of relevant laws and regulations when making deposit investment
And the behaviors agreed in the Fund Contract shall be notified to the Fund Manager in writing in a timely manner
Correct within days. The Fund Manager fails to correct the violations notified by the Fund Custodian within 10 working days
If yes, the Fund Custodian shall report to the CSRC. The Fund Custodian finds that the Fund Manager has major violations
Yes, it shall immediately report to the CSRC and notify the fund manager to correct or refuse within 10 working days
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Settlement. If the Fund Manager refuses to implement the settlement and causes losses to the Fund property, the relevant losses shall be borne by the Fund Manager
The Fund Custodian shall not bear corresponding responsibilities.
（4） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the Fund Contract
The management participates in the supervision of the inter-bank bond market. The Fund Manager shall, prior to the investment and operation of the Fund
The Fund Custodian provides inter-bank services that comply with laws, regulations and industry standards, have been carefully selected and are applicable to the Fund
List of counterparties in the bond market and agree on the transaction settlement method applicable to each counterparty. E.g. fund management
If a person fails to provide the fund custodian with the list of counterparties in the inter-bank bond market before the fund investment operation,
It shall be deemed that the fund manager recognizes all market counterparties. The Fund Manager is responsible for ensuring that the updated
The list of counterparties is sent to the Fund Custodian, otherwise the Fund Custodian will not be liable for the losses caused thereby.
The Fund Manager shall select counterparties in the inter-bank bond market in strict accordance with the scope of the list of counterparties.
The Fund Custodian supervises whether the Fund Manager follows the list of counterparties in the inter-bank bond market provided in advance
(including as updated from time to time). During the duration of the fund, the fund manager can adjust the transaction pair
The Fund Custodian shall be notified in writing of the adjustment results at least one working day in advance. Determination of new list
The unsettled transactions with the counterparties eliminated this time shall still be settled in accordance with the agreement,
However, no new transactions may occur. If the fund manager temporarily adjusts inter-bank bond transactions according to market needs
For the list of counterparties and settlement method, the reason shall be explained to the fund custodian, and before the transaction with the counterparty
Negotiate with the Fund Custodian within three trading days.
The fund manager is responsible for controlling the credit standing of the counterparty, and entering into the market according to the trading rules of the inter-bank bond market
And be responsible for handling disputes and losses caused by the counterparty's failure to perform the contract. In case of non performance
If the counterparty has not undertaken the liability for breach of contract and other relevant legal liabilities within the time determined by the fund manager,
The Fund Manager may (but is not obliged to) bear the corresponding losses first, and then report to the relevant counterparties
Recovery. The Fund Custodian shall supervise the performance of the contract according to the transaction sheet of the inter-bank bond market. As base
When the fund custodian discovers that the fund manager has not conducted transactions in accordance with the agreed counterparties
The Custodian shall timely remind the Fund Manager that the Fund Custodian will not bear any losses and liabilities arising therefrom.
（5） The Fund's investment in negotiable restricted securities shall comply with the Regulations on the Investment of Funds in Non public Offerings of Stocks, etc
Notice on Issues Related to Negotiable Restricted Securities and other relevant regulatory provisions.
1. Circulating restricted securities include non-public issuance of shares, offline placement of publicly issued shares, etc
The tradable securities that are locked for a certain period of time at the time of issuance, excluding the securities that are locked for a certain period of time due to the release of major news or other reasons
As a result, restricted circulation certificates such as temporarily suspended securities, issued unlisted securities, pledged bonds in repurchase transactions, etc
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Coupon.
The Fund may invest in non-public securities approved by the China Securities Regulatory Commission, and it is limited to Chinese securities
Registration and Settlement Co., Ltd., Central Government Securities Registration and Settlement Co., Ltd. or Inter bank Market Clearing House
A company limited by shares is responsible for registration and custody, and can pay in the stock exchange or the national inter-bank bond market
Easy Securities.
The Fund shall not invest in non-public securities without the approval of the CSRC.
The Fund shall not invest in securities with an indefinite lock up period.
2. The Fund Manager shall provide the Fund Custodian with the Fund Fund Fund Fund
Investment decision-making process and risk control of restricted securities for fund investment and circulation approved by the Board of Directors of the Fund Manager
System. If the Fund invests in non-public offering of shares, the Fund Manager shall also provide
Liquidity risk disposal plan. The above information shall include but not limited to the investment of the Fund in restricted securities
Control of quota and investment proportion.
The Fund Manager shall send the above information in writing at least two working days before the first execution of the investment order
To the Fund Custodian to ensure that the Fund Custodian has enough time to review. The Fund Custodian shall, upon receipt
Within two working days after the materials are mentioned, confirm the receipt of the above materials in writing or in other ways agreed by both parties.
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
The insurance company shall take active and effective measures to effectively solve the liquidity problem of fund operation within a reasonable time. If due to
When the cash flow of the fund is difficult due to the huge redemption of the fund or drastic changes in the market, the fund management
The manager shall ensure to provide sufficient cash to ensure the payment and settlement of the fund. Restricted securities due to investment and circulation of the Fund
The Fund Custodian will not bear any responsibility for the liquidity risk caused by the.
3. Before the Fund invests in restricted securities, the Fund Manager shall provide the Fund Custodian with information that complies with laws and regulations
Relevant written information required by regulations, including but not limited to the approval documents of the CSRC
The number of securities to be issued, the issue price, the lock up period, the number, price, total cost, and the amount to be transferred
Subscription funds, fund transfer time, etc. The Fund Manager shall guarantee the authenticity and integrity of the above information, and shall
Send the above information to the Fund Custodian in writing less than two working days before the proposed implementation of the investment order to ensure the Fund
The custodian has enough time to review.
Due to the Fund Manager's failure to timely provide specific and necessary information on securities as agreed above
The Fund Custodian shall be exempted from liability if the transfer of subscription funds is affected due to the failure of the Custodian to review the subscription instructions.
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4. The Fund Custodian shall review the Fund Manager in accordance with laws and regulations, the Fund Contract and the Custodian Agreement
The act of investing in restricted securities. If the Fund Manager is found to have violated the Fund Contract and the Custody Agreement
And relevant provisions of other relevant laws and regulations shall be notified to the fund manager in a timely manner and reported to the CSRC
Yes, and take reasonable measures to protect the interests of fund investors. The Fund Custodian has the right to
Investment orders that violate laws, regulations or the Fund Contract and the Custody Agreement will not be executed and will be immediately
Inform the fund manager to correct, and the fund manager will not correct or has signed a contract on behalf of the fund and has to implement it
The Fund Custodian shall report to the CSRC.
5. The fund manager shall, within two trading days after the fund invests in the non-public offering of shares
The media will be required to disclose the name, quantity, total cost and book value of the non-public offering shares invested, and
The proportion of total cost and book value in the net asset value of the fund, lock up period and other information.
（6） The fund manager shall study the business of investing in medium-term notes and carefully evaluate the investment of medium-term notes
The investment business of medium-term notes shall be carried out based on the principle of prudence, diligence and responsibility, and shall comply with
Laws, regulations and relevant regulations of regulatory authorities.
（7） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the Fund Contract
Calculation of net asset value, calculation of net asset value of various fund units, determination of fund fees, expenses and income, and fund income
Supervise and verify the fund performance data published in relevant information disclosure and fund promotion materials
Check.
（8） The Fund Custodian discovers the above matters and investment instructions or actual investment operation of the Fund Manager
In case of violation of laws and regulations, the Fund Contract and this Custodian Agreement, it shall promptly send a letter to
The Fund Manager shall be notified to make corrections within a time limit by means of prompt. The Fund Manager shall actively cooperate and assist in fund custody
Human supervision and verification. After receiving the notice, the Fund Manager shall check and reply to the Fund Custodian in a timely manner
The Fund Manager shall send a written reply to the Fund Custodian on the receipt of the written notice of
To explain or provide evidence, explain the reason for violation and the time limit for correction. During the above specified period
The Fund Custodian shall have the right to review the notice at any time and urge the Fund Manager to make corrections. Fund manager to base
If the violations notified by the fund custodian fail to be corrected within the time limit, the fund custodian 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. Including but not limited to: reminders to the Fund Custodian,
The Fund Manager shall reply and correct within the specified time, or explain the reasonable doubts of the Fund Custodian
Or adducing evidence; The Fund Custodian shall, in accordance with the requirements of laws and regulations, the Fund Contract and this Custodian Agreement, report to the CSRC
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The Fund Manager shall actively cooperate with the Regulatory Commission in providing relevant data and materials and preparing
Degree, etc.
（10） If the Fund Custodian finds that the instructions of the Fund Manager that have become effective according to the trading procedures violate the law
Where laws, administrative regulations and other relevant provisions are violated, or the fund contract is violated, the fund manager shall be notified immediately
The manager shall correct in time, and the fund manager shall bear the losses caused thereby, and the custodian shall timely fulfill its notice obligations
After the service, it will be exempted from liability.
（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.
3、 The Fund Manager's business verification of the Fund Custodian
（1） The Fund Manager shall check the performance of the custodian duties of the Fund Custodian, including
The Fund Custodian is required for the safe custody of the Fund assets, the opening of fund accounts, securities accounts and other investments of the Fund assets
Account, review the net asset value of the fund and the net value of various fund units calculated by the fund manager
To order clearing and settlement, relevant information disclosure and supervision of fund investment operation.
（2） The Fund Manager discovers that the Fund Custodian misappropriates the Fund assets without authorization and fails to distribute the Fund assets
Account management, failure to execute or unreasonably delayed execution of fund manager's fund transfer instructions, disclosure of fund investment information, etc
In case of violation of the Fund Law, the Fund Contract, the Custodian Agreement and other relevant provisions, it shall be timely submitted in writing or
Other forms agreed by both parties shall notify the Fund Custodian to make corrections within a time limit. After receiving the written notice, the Fund Custodian shall
Timely check and send a written reply to the fund manager before the next working day to explain the reasons for the violation
And the correction period, and ensure timely correction within the specified period. The Fund Manager has
Right to review the notice at any time and urge the Fund Custodian to make corrections.
（3） The Fund Custodian has the obligation to cooperate and assist the Fund Manager in accordance with laws and regulations, the Fund Agreement and
This Custody Agreement shall check the fund business, including but not limited to: the written request sent by the fund manager
The Fund Custodian shall reply and correct within the specified time, or explain or
Adducing evidence; The Fund Custodian shall actively cooperate in providing relevant materials for the Fund Manager to verify the completion of the custody property
Integrity and authenticity.
（4） 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 correct within a time limit, and the correction results shall be reported to the CSRC.
4、 Custody of fund assets
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（1） Principles of Fund Property Custody
1. The fund property shall be independent of the inherent nature of the fund manager, fund custodian and securities/futures brokerage institutions
Property.
2. The Fund Custodian shall keep the Fund assets in safe custody.
3. The Fund Custodian shall open relevant accounts required for the investment of the Fund assets in accordance with the provisions.
4. The Fund Custodian shall set up separate accounts for different fund assets under its custody to ensure the completion of fund assets
Integration and independence.
5. The Fund Custodian shall, according to the instructions of the Fund Manager, keep it in accordance with the Fund Contract and this Agreement
Fund assets. Without the proper instructions of the Fund Manager, it is not allowed to use, dispose of or distribute any funds
assets. Assets and physical securities not under the actual and effective control of the Fund Custodian are insured by the Fund Custodian
The Fund Custodian shall not be liable for any damage or loss during the custody period.
6. The Fund Manager shall be responsible for communicating with the relevant parties about the assets receivable arising from the fund investment
Determine 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 shall timely notify the Fund Manager to take measures for collection, and the Fund Manager shall be responsible for
The Fund Custodian shall provide necessary assistance for the parties to recover the losses of the Fund property.
7. The Fund Custodian's deposit or custody arising from the Fund Manager's investment is outside the Fund Custodian
Fund assets of institutions, or fund assets handed over to futures companies or securities companies for clearing and settlement (including but not limited to
Not limited to the funds in the securities trading capital account, securities fund assets, and futures margin account
Gold, futures contracts, etc.) and their earnings, due to the fact that such institutions or their member units and other parties to this Agreement
The Fund shall not be liable for the losses caused to the Fund assets due to the fraud, negligence, negligence or bankruptcy of a third party.
8. 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） Fund raising period and capital verification of raised funds
1. A "special account for fund raising" shall be opened for the funds raised during the fund raising period. The account is managed by the fund manager
Open and manage.
2. The total amount of fund units raised, the amount of fund raised
After the number of fund unit holders meets the relevant provisions of the Fund Law and the Operation Measures, the Fund Manager shall
Transfer all funds belonging to the fund property into the fund fund account opened by the fund custodian for the fund, and
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Within the prescribed time limit, the Fund Manager shall employ an accountant who meets the requirements of the Securities Law of the People's Republic of China
The firm conducts capital verification and issues a capital verification report. The capital verification report issued by 2 or 2 participants
It is valid only after being signed by Chinese CPA.
3. If the fund raising period expires and the conditions for the effectiveness of the fund contract are not met, the fund manager shall comply with the regulations
The Fund Custodian shall provide necessary assistance and cooperation in handling refund and other matters.
（3） Opening and management of fund account
1. The Fund Custodian shall open a fund account (also known as
It is a "custody account") to keep the bank deposits of the Fund and handle the receipt and payment of funds according to the instructions of the Fund Manager.
The name of the escrow account should be "Xin'ao state-owned enterprise smart choice hybrid securities investment fund", and the reserved seal should be the fund custody
Personal seal.
2. The opening and use of the Fund's capital account shall be limited to meet the needs of conducting the Fund's business. Fund Custody
The Fund Manager and the Fund Manager shall not open any other bank account in the name of the Fund; The base shall not be used
Any account of King carries out activities other than the business of the Fund.
3. The opening and management of the fund account shall comply with laws and regulations and the requirements of the banking regulatory authority
Relevant regulations.
（4） Opening and management of fund securities accounts and securities trading capital accounts
1. The Fund Custodian is located in the Shanghai Branch and Shenzhen Branch of China Securities Depository and Clearing Co., Ltd
Open a securities account jointly named by the Fund Custodian and the Fund for 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. Gikinto
The custodian and the fund manager shall not lend or transfer any securities account of the fund without the consent of the other party
No account of the Fund may be used 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 account assets
The fund manager shall be responsible for the management and application of the fund.
4. The Fund Manager shall open a securities trading capital account with a securities brokerage institution for the purpose of fund assets, which shall be used for
Depository of securities trading settlement funds, recording details of changes in trading settlement funds and over-the-counter securities
Clearing transactions and establishing a third-party custody relationship with the custodian account opened by the fund custodian.
The Fund Custodian and the Fund Manager shall not lend or transfer securities accounts, securities trading capital accounts, or
The securities account or securities trading capital account shall not be used for activities other than the business of the Fund. The Fund Connect
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Transactions conducted through securities brokerage institutions shall be settled by the securities brokerage institutions as clearing participants on behalf of the Fund
Calculate.
5. The Fund Manager promises that the securities trading capital account will be the main capital account and will not open any auxiliary capital
Accounts; Do not open another bank account other than the bank custody account for the securities trading capital account.
6. If the CSRC or other regulatory authorities allow the fund to engage in its
If the investment business of other investment varieties involves the opening and use of relevant accounts, they shall be opened and used in accordance with relevant regulations
And management; If there are no relevant provisions, the Fund Custodian shall implement the above provisions on account opening and use.
（5） Opening and management of bond custody account
After the Fund Contract comes into force, the Fund Custodian shall have limited liability for registration and settlement according to the People's Bank of China and the Central Government Bonds
Serve as the relevant provisions of the Company and the Inter bank Market Clearing House Co., Ltd
The market registration and settlement institution shall open a bond custody account and conduct the settlement of bonds in the inter-bank market on behalf of the Fund.
（6） Opening and management of other accounts
1. The Fund Manager shall open a futures margin account and futures trading code according to the investment needs and regulations
The Fund Custodian shall open futures settlement accounts and other accounts required for investment in accordance with regulations. Complete the above account opening
After that, the fund manager shall provide the initial capital secret of the futures margin account provided by the futures company in writing
And the login user name and password of the Market Monitoring Center. Capital password and market monitoring
The fund manager shall reset the login password of the center, and must notify the custodian in time after resetting.
The Fund Custodian and the Fund Manager shall cooperate with each other in the process of opening accounts and provide the necessary information. base
The fund manager guarantees the authenticity and validity of the account opening materials provided, and after the relevant materials are changed
Timely provide the changed information to the Fund Custodian.
2. Other accounts opened for business development may be subject to laws, regulations and fund contract
The Fund Manager shall assist the Fund Custodian to negotiate in accordance with relevant laws and regulations and this Agreement
stand. The new account shall be used and managed according to relevant regulations.
3. If laws and regulations and other relevant provisions provide otherwise for the opening and management of relevant accounts, such provisions shall prevail
Li.
（7） Custody of relevant valuable certificates of fund property investment
Valuable certificates such as physical securities invested by the Fund assets shall be deposited in the Fund by the Fund Custodian as agreed
Custodian's vault, or shares deposited in the Central Government Securities Depository and Clearing Co., Ltd. and the inter-bank market clearing house
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The depository of a limited company, China Securities Depository and Clearing Corporation Limited or the bill business center, in kind
The custodian certificate shall be held by the fund custodian. The purchase and transfer of negotiable instruments such as physical securities shall be handled by the Fund Custodian
It shall be handled according to the instructions of the fund manager. The Fund Custodian shall, in addition to the above depository institution and the Fund Custodian
Valuable vouchers actually and effectively controlled by the institution shall not be kept.
（8） Custody of major contracts related to fund assets
The originals of major contracts signed by the Fund Manager on behalf of the Fund and related to the Fund assets shall be
The Fund Manager and the Fund Custodian shall keep them. Unless otherwise specified in this Agreement, the Fund Manager shall sign on behalf of the Fund
The Fund Manager and the Fund Custodian shall at least hold
There is one original. The Fund Manager shall fax the major contract to the Fund Manager in a timely manner after the signing of the major contract
The Fund Custodian shall deliver the original to the Fund Custodian within 30 working days. Due to the
The Fund Manager shall be responsible for the consequences caused by the inconsistency between the faxed contract and the original contract delivered afterwards. heavy
The term of custody of the large contract shall not be less than 20 years after the termination of the fund contract, otherwise stipulated by laws, regulations or regulatory rules
If it is determined, its provisions shall prevail.
If it is impossible to obtain more than two originals, the Fund Manager shall provide the Fund Custodian with an official seal
The original contract shall not be transferred unless both parties reach an agreement through consultation. Fund manager to fund trust
If the fax of the contract provided by the custodian is inconsistent with the original retained by the fund manager, the fax shall prevail.
5、 Calculation, valuation and accounting of the net asset value of the Fund
（1） Time and procedure for calculation, review and completion of net asset value of the Fund
1. Net value of fund assets
The net asset value of the Fund refers to the value of the total assets of the Fund minus the liabilities of the Fund.
The net value of various fund units is based on the net fund assets of such fund units after the market is closed on each working day
It is calculated by dividing the value by the balance of such fund units on the current day, accurate to 0.0001 yuan, and the fifth decimal place
Round off, and the resulting error shall be included in the fund assets. Under the circumstance that the fund manager can set up a large redemption
Net value accuracy emergency adjustment mechanism. 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 every working day, and
Notice.
2. Review procedure
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
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Except when the valuation is suspended as stipulated in the fund contract. After the Fund Manager evaluates the Fund assets on each valuation date, it will
The net value results of various fund units are sent to the Fund Custodian, which will be managed by the Fund after being checked by the Fund Custodian
The Fund shall be announced to the public in accordance with the provisions of the Fund Contract and relevant laws and regulations.
3. According to relevant laws and regulations, the obligations of the calculation of the net asset value of the Fund and the accounting of the Fund shall be managed by the Fund
The manager shall bear the responsibility. The Fund Manager shall be responsible for the accounting of the Fund, and the Fund Custodian shall be responsible for the review
Responsibility. Therefore, if the accounting issues related to the Fund are fully discussed by relevant parties on an equal basis
If no agreement can be reached later, it shall be given according to the calculation result of the fund manager on the net value of the fund
To be published.
（2） Valuation of Fund Assets
The Fund Manager and the Fund Custodian shall conduct valuation in accordance with the provisions of the Fund Contract.
（3） Treatment method for net value error of fund units
The Fund Manager and the Fund Custodian shall handle the error of unit net value in accordance with the provisions of the Fund Contract.
（4） Fund accounting system
The accounting system stipulated by relevant national departments shall be followed.
（5） Establishment of fund account book
After the Fund Agreement comes into force, the Fund Manager and the Fund Custodian shall keep accounts in the same way as agreed by both parties
Methods and accounting treatment principles, independently set up, record and keep the full set of account books of the Fund
The respective account books of each party shall be regularly checked and mutually supervised to ensure the safety of fund assets.
（6） 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. nucleus
In case of any discrepancy, the Fund Manager shall be notified in time to jointly find out the reason and make adjustment until the data of both parties are complete
agreement.
3. Preparation and review schedule of financial statements
The Fund Manager and the Fund Custodian shall complete the monthly statements within 5 working days after the end of each month
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Preparation and review; Complete the preparation of the quarterly report of the Fund and
to review; Complete the preparation and review of the Fund's interim report within two months from the end of the first half of the year; Every year
The preparation and review of the annual report of the Fund shall be completed within three months from the date of completion. The Fund Custodian is in the review process
If the statements of both parties are found to be inconsistent, the Fund Manager and the Fund Custodian shall jointly identify the reasons and
The adjustment shall be subject to the relevant national regulations. The financial accounting report of the annual report of the Fund shall be subject to
Audit by accounting firms as stipulated in the Securities Law of the People's Republic of China. The fund contract takes effect less than two months
The fund manager may not prepare the current quarterly report, interim report or annual report.
（7） When necessary, the Fund Manager shall provide the Fund Custodian with a quarterly basis for fund performance comparison
Accurate basic data and preparation results.
6、 Custody of the Register of Fund Unitholders
The register of fund unit holders shall at least include the name, certificate number and holding of fund unit holders
Fund shares of. The register of fund share holders shall be prepared by the fund registration authority in accordance with the instructions of the fund manager
And safekeeping. The Fund Manager and the Fund Custodian shall respectively keep the register of Fund Unitholders for a long period of time
In 20 years, if laws and regulations or regulatory rules provide otherwise, their provisions shall prevail. If it cannot be kept properly, press
Responsible for relevant laws and regulations.
Before the Fund Custodian requires or prepares the interim report and annual report, the Fund Manager shall
The information submitted to the Fund Custodian shall not be unreasonably refused or delayed, and its authenticity, accuracy and completeness shall be guaranteed
Integrity. The Fund Manager and the Custodian shall not use the register of Fund Unitholders under their custody for fund custody
For other purposes other than business and subject to confidentiality obligations, if otherwise specified by laws, regulations or regulatory rules
Its provisions.
7、 Dispute resolution
Both parties agree that all disputes arising from or in connection with this Agreement, if amicable
If no settlement can be reached through negotiation, either party shall submit the dispute to Shenzhen International Arbitration Court for arbitration
The arbitration shall be conducted according to the arbitration rules in force at that time. The place of arbitration shall be Shenzhen. The arbitral award shall be final
Both parties are binding. Unless otherwise decided by the arbitration award, the arbitration fees and attorney fees shall be borne by the losing party
Dan.
During the dispute settlement period, both parties shall abide by the responsibilities of the Fund Manager and the Fund Custodian and continue to
Faithfully, diligently and responsibly perform the obligations specified in the Fund Agreement and this Custodian Agreement, and maintain the holding of fund units
The legal rights and interests of people.
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This agreement is governed by the laws of the People's Republic of China (for the purpose of this agreement, excluding the legislation of Hong Kong, Macao and Taiwan) and
Explain from it.
8、 Change and Termination of Custody Agreement and Liquidation of Fund Assets
（1） Change procedure of custody agreement
The parties to this agreement may amend the agreement upon consensus. The revised new agreement, which
The contents shall not conflict with the provisions of the Fund Agreement. Changes to the Fund Custody Agreement shall be reported to the CSRC
keep on record.
（2） Termination of Fund Custody Agreement
1. The Fund Contract is terminated;
2. The Fund Custodian cannot continue to serve as the Fund Custodian due to dissolution, bankruptcy, revocation and other reasons
And no other appropriate custodian institution has undertaken its original rights and obligations within 6 months;
3. The Fund Manager cannot continue to serve as the Fund Manager due to dissolution, bankruptcy, cancellation and other reasons
And no other appropriate fund management company has undertaken its original rights and obligations within 6 months;
4. Other termination events specified by laws and regulations, CSRC or the Fund Contract occur.
（3） Liquidation of fund assets
The Fund Manager and the Fund Custodian shall handle the liquidation of the Fund assets in accordance with the provisions of the Fund Contract.
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Part XXI Services for Fund Unitholders
The Fund Manager promises to provide a series of services to fund share holders and will
The needs of holders and changes in the market increase and modify these service items.
1、 Service content
1. Registration service for fund share holders
The Fund Manager entrusts the registration institution to provide registration services for the Fund Unitholders. Fund register
The organization is equipped with a safe and perfect computer system and communication system to handle the fund for fund investors accurately and timely
Registration, management, custody and re custody of accounts and fund units, management of the register of fund unit holders
Registration and distribution of dividends during profit distribution, clearing and transfer of fund trading units and settlement of fund trading funds
Services.
2. Dividend reinvestment service
When distributing the Fund's income, the Fund Unitholders may choose to reinvest the dividends they receive into the Fund,
No subscription fee will be charged.
3. Fixed investment plan
The Fund Manager will provide regular and quota investment services for fund investors at the appropriate time. By regular
For a fixed investment plan, investors can purchase fund shares on a regular basis through a fixed channel
The purchase plan is not subject to the minimum purchase amount, which shall be subject to further announcement.
4. Multiple charging methods
The Fund Manager will provide fund investors with a variety of charging methods to purchase the Fund at an appropriate time to meet the
For the diversified investment needs of fund investors, see the relevant announcements for specific implementation measures.
5. Fund online trading service
The fund manager has opened online trading services. When the market and technical conditions are mature in the future, the fund management
The manager will provide more types of fund electronic trading services.
6. Financial services
Fund share holders can manage the fund through the company's website, online customer service, customer service telephone, etc
Customized electronic statements. The fund manager will provide the clients with contact information in the agreed way
Users actively provide email and SMS services. However, due to the fact that the fund share holder did not fill in the form in detail or in a timely manner
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The fund manager is not able to deliver due to the update of relevant information (including mobile phone number, e-mail, etc.).
If you have no contact information, you can inquire or subscribe to electronic or SMS bills through the following channels.
Website: www.fscinda.com
Customer service telephone: 400-8888-118
The fund manager provides diversified service modes, including customer service hotline, website inquiry, website online customer service,
Manual service on weekdays and 7 × 24 hour self-service are adopted, and fund share holders can manage funds with
People communicate in time and participate in various interactive activities held by the fund manager. The fund manager will also properly handle
Suggestions or complaints made by gold share holders.
2、 Contact information
1. Customer service hotline of Cinda Australia Asia Company: 400-8888-118/0755-83160160/83077038 (fax)
2. Cinda Australia Asia Company Website: www.fscinda.com
3. Cinda Australia Asia Direct Sales Center Tel: 0755-82858168/83077068/83077038 (Fax)
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Part XXII Storage and Reference Methods of Prospectus
1、 Location of Prospectus
This Prospectus is kept in the office of the Fund Manager, the Sales Agency and the Registration Agency and published
On the fund manager's website.
2、 Ways to view the Prospectus
Investors can consult the Prospectus of the Fund for free during office hours, or purchase the Prospectus at the cost of production
The copy of the Prospectus shall be subject to the original of the Prospectus.
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Part XXIII Documents for future reference
The documents such as the documents for future reference are kept in the office and business premises of the fund manager and the sales institution, and are in process
Available for free during public hours.
1、 Documents of China Securities Regulatory Commission on the Raising of Smart Choice Hybrid Securities Investment Fund of Sino Australian State owned Enterprises
2、 Sino Australian State owned Enterprise Smart Selection Hybrid Securities Investment Fund Fund Contract
3、 Trusteeship Agreement of Sino Australian State owned Enterprise Smart Selection Hybrid Securities Investment Fund
4、 Open ended Fund Business Rules of Cinda Australia Asia Fund Management Co., Ltd
5、 Legal Opinion
6、 Business qualification approval document and business license of fund manager
7、 Business qualification approval document and business license of fund custodian
8、 Other documents required by the CSRC
Cinda Australia Asia Fund Management Co., Ltd