01 Fund Manager Latest News 1. Xie Zhiyu's Xingquan He Run increased its holdings of Milkyway Chemical Supply Chain Service In the latest list of the top ten circulating shareholders of Milkyway Chemical Supply Chain Service, Xie Zhiyu's Xingquan He Run appeared, with an increase of 0.1982 million shares compared to the end of the second quarter. 02 Today's Fund News Overview 1. Beijing Economic and Technological Development Zone Seed Investment Fund was established with a capital contribution of 0.2 billion According to Tianyancha, the Beijing Economic and Technological Development Zone Seed Investment Fund (limited partnership) was registered and established recently, with Beijing Shumuhuading Venture Investment Management Co., Ltd. serving as the executive partner, with a capital contribution of 0.2 billion yuan and business scope of venture investment, equity investment, investment management, asset management and other activities through private equity funds. The partner information showed that the fund was funded by the Beijing Economic and Technological Development Zone Government Investment Guiding Fund (limited partnership) and Beijing Shumuhuading Venture Investment Management Co., Ltd. with a distribution of 99% and 1%, respectively. In April this year, the "Beijing Yizhuang" WeChat public account announced that the Beijing Economic and Technological Development Zone Government Investment Guiding Fund had established a seed fund. It is said that the initial size of the seed fund is 0.2 billion yuan, and it will directly invest in equities around early projects that are strategically positioned in the four leading industries of the Beijing Economic and Technological Development Zone, namely, next-generation information technology, high-end automobiles and new energy smart automobiles, biotechnology and health, robots and intelligent manufacturing. 2. Active Equity Fund innovation warms up On August 12th, a total of 13 mutual funds were launched. It is worth noting that among the products launched this time, as many as 7 were active equity funds, which is significantly more than the new product launches each Monday in the past three months. The relevant public institutions that participated in this new issue expressed expectations that A-shares will enter an investment window in the future, on the premise that the enterprise's profit growth momentum will improve significantly, geopolitical risks will ease, and domestic policies will remain optimistic. 3. Daily check of social security fund holdings in the second quarter According to Wind, as of August 13, the social security fund appeared in the top ten circulating shareholders of 47 stocks in the second quarter, with a total holding of 0.879 billion shares and a total market value of 14.016 billion yuan. In terms of holding market value, as of August 13, 30 stocks held market values exceeding 100 million yuan, with Wanhua Chemical Group, Focus Media Information Technology and China Mobile being the top three with holding market values of 1.682 billion yuan, 1.606 billion yuan and 1.582 billion yuan, respectively. 4. Insiders: The short-term bond market still faces adjustment pressure, while the medium- and long-term may continue to run smoothly Recently, the bond market has fluctuated greatly, and the yield has undergone a "V-shaped reversal". Regarding the future direction of the bond market, many insiders have expressed that in the short term, long-term interest rates may face upward pressure in stages, and it is recommended to maintain a neutral duration and wait for opportunities brought by market adjustments beyond expectations, with attention given to portfolio liquidity. 5. 82 mutual funds have reduced both management and custody fees this year Wind data shows that as of August 12th, 120 funds (only the main codes are counted) have reduced their management fees, 112 funds have reduced their custody fees, and 82 funds have reduced both management and custody fees this year. 6. Carlyle is said to have postponed the closing time of an Asian acquisition fund, raising less than half of its initial target According to Bloomberg, informed sources revealed that the Carlyle Group has postponed the closure of its new pan-Asian acquisition fund. It is reported that this fund has raised 3 billion US dollars in capital since it was launched more than two years ago, far short of the initial target of 8.5 billion US dollars. Fundraising usually takes about 18 months or less. 7. Bank of America's August survey of global fund managers showed that 76% of respondents believed that a soft landing of the global economy is still the most likely result; the net allocation of investors to stocks has dropped from 51% to 31%.

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ETF Market Review of the Day

1. Beijing Economic and Technological Development Zone Seed Investment Fund was established with a capital contribution of 0.2 billion According to Tianyancha, the Beijing Economic and Technological Development Zone Seed Investment Fund (limited partnership) was registered and established recently, with Beijing Shumuhuading Venture Investment Management Co., Ltd. serving as the executive partner, with a capital contribution of 0.2 billion yuan and business scope of venture investment, equity investment, investment management, asset management and other activities through private equity funds. The partner information showed that the fund was funded by the Beijing Economic and Technological Development Zone Government Investment Guiding Fund (limited partnership) and Beijing Shumuhuading Venture Investment Management Co., Ltd. with a distribution of 99% and 1%, respectively.

According to Tianyancha, the Beijing Economic and Technological Development Zone Seed Investment Fund (limited partnership) was registered and established recently, with Beijing Shumuhuading Venture Investment Management Co., Ltd. serving as the executive partner. The fund has a capital contribution of 0.2 billion yuan, and its business scope includes venture investment, equity investment, investment management, and asset management through private equity funds. The shareholder information shows that the fund is funded by the Beijing Economic and Technological Development Zone Government Investment Guiding Fund (limited partnership) and Beijing Shumuhuading Venture Investment Management Co., Ltd. The registered capital contribution of the two parties is 0.198 billion yuan and 2 million yuan, accounting for 99% and 1% of the subscribed capital contribution, respectively. Recently, the fund has been set up to invest around early projects in the four main industries led by the Beijing Economic and Technological Development Zone. In addition, according to wind, as of August 13, social security funds appeared as the top ten circulating shareholders of 47 stocks in the second quarter, with a total holding of 0.879 billion shares and a total market value of 14.016 billion yuan. Among them, 30 stocks held market values exceeding 100 million yuan. Wanhua Chemical Group, Focus Media Information Technology and China Mobile held the highest market values, at 1.682 billion yuan, 1.606 billion yuan, and 1.582 billion yuan, respectively.

According to Bloomberg, informed sources revealed that the Carlyle Group has postponed the closure of its new pan-Asian acquisition fund. It is reported that this fund has raised 3 billion US dollars in capital since it was launched more than two years ago, far short of the initial target of 8.5 billion US dollars. Fundraising usually takes about 18 months or less.

Bank of America's August survey of global fund managers showed that 76% of respondents believed that a soft landing of the global economy is still the most likely result; the net allocation of investors to stocks has dropped from 51% to 31%.

On August 12th, a total of 13 mutual funds were launched. It is worth noting that among the products launched this time, as many as 7 were active equity funds, which is significantly more than the new product launches each Monday in the past three months. The relevant public institutions that participated in this new issue expressed expectations that A-shares will enter an investment window in the future, on the premise that the enterprise's profit growth momentum will improve significantly, geopolitical risks will ease, and domestic policies will remain optimistic.

The relevant public institutions that participated in the launch expressed expectations that A-shares will enter an investment window in the future, on the premise that the enterprise's profit growth momentum will improve significantly, geopolitical risks will ease, and domestic policies will remain optimistic.

Wind data shows that as of August 13, the social security fund appeared in the top ten circulating shareholders of 47 stocks in the second quarter, with a total holding of 0.879 billion shares and a total market value of 14.016 billion yuan. Among them, 30 stocks held market values exceeding 100 million yuan. Wanhua Chemical Group, Focus Media Information Technology and China Mobile held the highest market values, at 1.682 billion yuan, 1.606 billion yuan, and 1.582 billion yuan, respectively.

Recently, the bond market has fluctuated greatly, and the yield has undergone a "V-shaped reversal". Regarding the future direction of the bond market, many insiders have expressed that in the short term, long-term interest rates may face upward pressure in stages, and it is recommended to maintain a neutral duration and wait for opportunities brought by market adjustments beyond expectations, with attention given to portfolio liquidity.

Recently, the bond market has fluctuated greatly, and the yield has undergone a "V-shaped reversal". Regarding the future direction of the bond market, many insiders have expressed that in the short term, long-term interest rates may face upward pressure in stages, and it is recommended to maintain a neutral duration and wait for opportunities brought by market adjustments beyond expectations, with attention given to portfolio liquidity.

Wind data shows that as of August 12th, 120 funds (only the main codes are counted) have reduced their management fees, 112 funds have reduced their custody fees, and 82 funds have reduced both management and custody fees this year.

Wind data shows that as of August 12th, 120 funds (only the main codes are counted) have reduced their management fees, 112 funds have reduced their custody fees, and 82 funds have reduced both management and custody fees this year.

According to Bloomberg, informed sources revealed that the Carlyle Group has postponed the closure of its new pan-Asian acquisition fund. It is reported that this fund has raised 3 billion US dollars in capital since it was launched more than two years ago, far short of the initial target of 8.5 billion US dollars. Fundraising usually takes about 18 months or less.

Bank of America's August survey of global fund managers showed that 76% of respondents believed that a soft landing of the global economy is still the most likely result; the net allocation of investors to stocks has dropped from 51% to 31%.

ETF Market Review of the Day

The main A-share indexes fluctuated slightly today, with a late-session rally. As of the close, the Shanghai Composite Index rose 0.34% to 2867 points, the Shenzhen Component Index rose 0.43%, and the ChiNext Price Index rose 0.93%. More than 3700 shares rose, with a total turnover of 477.3 billion yuan, a decrease of 18.6 billion yuan from the previous trading day, and the second consecutive day below 500 billion yuan, reaching a new low since December 24, 2019.

On the plate, the civilian explosives concept stocks were strong, with Tibet Gaozheng Explosive limit up; the MicroLED concept rose, with Shenzhen Liantronics up 20% limit; the securities stocks rallied in the afternoon, and Guangdong Golden Dragon Development Inc. limit up; mining, engineering consulting services and Qilin Battery and other sectors rose in the forefront.

In addition, the pharmaceutical sector fell across the board, with vitamins, COVID-19 drugs and traditional Chinese medicine leading the decline, and Northeast Pharmaceutical Group and Shaanxi Kanghui Pharmaceutical limit down; the medical equipment sector fell, with multiple stocks such as Maccura Biotechnology down more than 6%; the liquor sector weakened, with Shanghai Guijiu limit down; Superfungus, rental and tourism hotel sectors fell in the forefront.

On the ETF side, cross-border ETFs were strong throughout the day, with Invesco Great Wall Fund Nasdaq Technology ETF and E Fund CSI USA 50 ETF up 2.78% and 2.05% respectively, with the latest premium discount rates of 11.83% and 3.95%, respectively. Japanese stocks rose more than 3%, with Huaxia Fund Nikkei ETF and Industrial Bank Rui Xin Fund Nikkei ETF up 2.43% and 2.19%, respectively. The lithium battery sector rose in the afternoon, with E Fund Energy Storage Battery ETF up 1.91%.

Soybean futures fell and soybean meal ETF fell 3.48%. The consumer sector weakened, with the Penghua CSI Alcoholic Drink ETF down 1.22% and the CSI SW Food & Beverage Index Fund down more than 1%. The pharmaceutical sector fell back, with both the Medical ETF and the Guotai CSI Biomedicine ETF falling more than 1%.

04 Latest developments in fund products