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Reporter of China Business Network: Xiao Ruidong Editor of China Business Network: Ye Feng

Tianci Liangji Daily Issue 4711. Today's Fund News Overview

1. Cinda Australia and Asia Fund transfers 60% equity of its subsidiary

On August 12, the Shanghai Stock Exchange website showed that Cinda Australia and Asia Fund officially listed the transfer of 60% of the equity of its wholly-owned fund subsidiary, Cinda Emerging Wealth (Beijing) Asset Management Co., Ltd. (hereinafter referred to as Cinda Emerging Assets). (Via: Daily Economic News)

2. Another consumer REIT is about to be listed

According to the official website of the Shanghai Stock Exchange, Huaan Bailian Consumer Closed-end Infrastructure Securities Investment Fund issued a listing announcement and plans to list on the Shanghai Stock Exchange for trading on August 16. (Via: China Fund News)

3. Management fees and custody fees of 82 funds have both dropped this year

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

4. About 10 more institutions terminated their contracts with Xi Que Wealth Fund Sales Company

According to incomplete statistics, after the "breakup wave" in July, since August, about 10 fund companies and securities asset management companies, including Bohai Huijin Securities Asset Management, have terminated their fund sales business at Xi Que Wealth Fund Sales Co., Ltd. In addition, some fund companies have terminated their fund sales business at Beijing Zhongzhi Fund Sales Co., Ltd. (Via: China Business News)