1. On the premise of strictly controlling risks, the Fund strives to achieve long-term steady appreciation of the fund's assets through rational asset allocation and comprehensive use of various investment strategies. The investment concept has no data investment scope for the time being. The investment target of the Fund is financial instruments with good liquidity. Including domestic stocks issued and listed according to law (including GEM and other stocks listed with the approval of China Securities Regulatory Commission), depositary receipts, stocks listed on the Hong Kong Stock Exchange (hereinafter referred to as "Hong Kong Stock Connect"), bonds (including government bonds, central bank bills, local government bonds, short-term financing bills, ultra-short-term financing bills, medium-term bills, financial bonds, corporate bonds, publicly issued subordinated bonds and convertible companies. ), asset-backed securities, bond repurchases, bank deposits, interbank certificates of deposit, money market instruments, stock index futures, treasury bonds futures, stock options, credit derivatives, laws and regulations or other financial instruments that China Securities Regulatory Commission allows the fund to invest (subject to the relevant provisions of China Securities Regulatory Commission).
2. The Fund will participate in financing business according to law. If the future laws, regulations or regulatory agencies allow the Fund to invest in other varieties, the fund manager can include them in the investment scope after performing appropriate procedures. Among the credit bonds invested by the Fund, the subject rating recognized by domestic credit rating agencies must be above AA. The credit bonds referred to in the Fund include financial bonds (excluding policy financial bonds), corporate bonds, corporate bonds, short-term financing bonds, ultra-short-term financing bonds, medium-term notes, publicly issued subordinated bonds, convertible corporate bonds (including separable convertible bonds) and exchangeable corporate bonds.
3. Investment Strategy Asset Allocation The Fund will comprehensively use qualitative and quantitative analysis methods to judge the stage and changing trend of the macroeconomic cycle on the basis of in-depth study of the macro economy, and comprehensively evaluate the expected rate of return and risks of various assets in combination with factors such as valuation level and policy orientation, and reasonably determine the allocation ratio of the Fund among assets such as stocks, bonds and cash, so as to minimize the risks of the portfolio and improve the returns of the portfolio. Stock investment strategy (1) Industry allocation The Fund pays attention to the research on the development trend of the stock market. According to the law of industry development and economic development trend, considering the linkage relationship of peripheral international markets, grasping China's economic development cycle, economic development direction and economic growth mode, by analyzing industry characteristic indicators, industry competition structure, industry profit model and industry prosperity, comprehensively judge the investment value of each industry, and determine and dynamically adjust the investment ratio of each industry.