Multiple companies announce: self purchase! Manager | Fund | Multiple Companies
Early Monday morning, public fundraising giants took action one after another!
On August 21st, E Fund, Huaxia Fund, Jiashi Fund, Huitianfu Fund, Fuguo Fund, Guangfa Fund, CITIC Securities, and Guotai Junan issued self purchase announcements.
Among them, six public funds each invested a total of 50 million yuan in their equity funds using their own funds. CITIC Securities invested a total of 100 million yuan in their equity and mixed asset management plans using their own funds. Shanghai Guotai Junan Securities Asset Management Co., Ltd. will invest a total of 200 million yuan in its equity public funds using its own funds in the near future.
It is understood that some fund companies are on their way to self purchase and will release an announcement soon.
Public fund giants are all making self purchases
Recently, the relevant person in charge of the China Securities Regulatory Commission stated that it is necessary to accelerate investment side reforms and vigorously develop equity funds when discussing "revitalizing the capital market and boosting investor confidence.". Accelerate the formulation of action plans for the reform of the capital market investment side, and make systematic arrangements in promoting the high-quality development of the public fund industry, continuously optimizing the market investment ecosystem, and increasing the introduction of medium and long-term funds. Vigorously developing equity funds is an important part of investment side reform. Among them, key measures include guiding public fund managers to increase their efforts in self purchasing equity funds under their umbrella; Establish a "countercyclical layout" incentive and constraint mechanism for public fund managers to reduce pro cyclical resonance, etc.
On August 21st, E Fund announced that based on its confidence in the long-term healthy and stable development of China's capital market, E Fund will invest 50 million yuan in its equity funds using its inherent funds today.
Huaxia Fund announced that based on its confidence in the long-term healthy and stable development of the Chinese capital market, as well as the principle of sharing risks and returns with investors, Huaxia Fund will invest a total of 50 million yuan in its equity and hybrid public funds using its inherent funds in the near future.
Jiashi Fund announced that based on its confidence in the high-quality development of the public fund industry and the long-term healthy and stable development of the Chinese capital market, it will use its inherent funds to purchase its equity funds for a total of 50 million yuan in the near future.
Huitianfu Fund announced that based on its confidence in the long-term healthy and stable development of the Chinese capital market and the company's investment management capabilities, and in the principle of sharing risks and benefits with investors, Huitianfu Fund will invest 50 million yuan in the company's active equity funds in the near future.
Fuguo Fund announced that based on its confidence in the long-term healthy and stable development of China's capital market, Fuguo Fund Management Co., Ltd. will invest a total of 50 million yuan in its equity funds in the near future, and promise to hold them for at least one year.
In addition, Guangfa Fund announced on the same day that, based on its confidence in the long-term stable development of the Chinese capital market and the company's investment management capabilities, and in the principle of risk sharing and benefit sharing with investors, Guangfa Fund will use a total of 50 million yuan of inherent funds to invest in its equity and hybrid public funds in the near future.
On the morning of August 21st, CITIC Securities announced on its official website that based on its confidence in the long-term healthy and stable development of the Chinese capital market, CITIC Securities Co., Ltd. will use its own funds to invest a total of 100 million yuan in its equity and mixed asset management plans in the near future.
On August 21st, Guotai Junan Securities Asset Management Co., Ltd. announced that based on its confidence in the long-term healthy and stable development of China's capital market, as well as the principle of sharing risks and returns with investors, Shanghai Guotai Junan Securities Asset Management Co., Ltd. will invest a total of 200 million yuan in its equity public fund using its inherent funds in the near future.
Frequent moves to stabilize confidence
Since the second quarter, the capital market has shown a volatile trend, with public funds frequently making self purchases. According to Wind data, from the second quarter until August 21st, the net self purchase amount of fund companies in the entire market exceeded 4.2 billion yuan.
On July 11th, Bank of Communications Schroder Fund announced its intention to purchase its funds with its own funds. The announcement shows that based on confidence in the long-term healthy and stable development of the Chinese capital market and confidence in the company's investment management ability, within 10 trading days from the date of the announcement, the company will subscribe to its Bank of Communications Schroder Qijia Hybrid Securities Investment Fund with inherent funds of 50 million yuan, and promise to hold it for at least 1 year.
In addition, there are fund companies that continue to invest in subscribing to individual products. Rongtong Fund announced the use of its inherent funds of 9 million yuan to subscribe to its fund, Rongtong Foresight Value One Year Holding Period Hybrid Securities Investment Fund Class A. The company's chairman and senior management jointly subscribed to the fund for 2.96 million yuan, with a holding period of no less than 1 year. ICBC Credit Suisse Fund subscribed to 75 million shares of the three-year mixed ownership of ICBC Anyue Stable Pension Target, which was established on June 28th, accounting for 35.08% of the total fund shares. Jiashi Ark, established on June 20th, has a mixed one-year holding period. The fund manager subscribes to approximately 57 million shares of the fund using their inherent funds, accounting for 31.3% of the total fund shares.
Jiashi Fund stated that from a medium to long-term perspective, A-shares are at a historic low and have abundant investment opportunities. In the context of the construction of a multi-level capital market system, the Chinese capital market has gathered high-quality enterprises and assets of different types and fields. These enterprises and assets, whether implicit economic growth expectations or valuations, are in historically extreme positions. With the sustained recovery of the economy, there is a chance to see more investment opportunities at the industrial level.
