Beijing Stock Exchange Three-Month Holding-Period Funds Launch in Spree, Offering Setup Window Amid Low Valuations

Following the National Day holiday, the first batch of Beijing Stock Exchange three-month holding-period thematic funds entered a period of intensive issuance. According to the issuance schedule, Fugoo Fund's Beijing Stock Exchange three-month holding-period fund will be raised from October 8 to October 21; China Asset Management (Huaxia) and Haitong Fortune (Haitian Fu) related products will be sold from October 12 to October 23; while Southern and Jiahui funds' Beijing Stock Exchange three-month holding-period funds are scheduled for sale from October 12 to October 30. The fundraising cap for each of these funds is 500 million yuan. Prior to this, E Fund's (Easyfund) Beijing Stock Exchange three-month holding-period fund completed its fundraising on September 30 and achieved oversubscription. Gu Xin Feng, Director of the Equity Investment Department at Huaxia Fund, stated that with factors such as improved capital structure, valuation advantages, and a surge in buybacks driving the market, the current time is a good window for positioning in the Beijing Stock Exchange. (21st Century Business Herald)