Changsheng Tongqing Fund is a stock fund that can be traded separately. Its code is 1686. The fund has the following characteristics:

1. One subscription and four-six separation:

The fund shares subscribed by the initial investors at one time are automatically separated into two types of shares with different risk-return characteristics according to the ratio of 4: 6: Tongqing A (stable income category) and Tongqing B (positive income category). Initial investors get two types of fund shares with different risk returns at the same time.

2。 The characteristics of the two types of shares are different:

At the end of the three-year period, Tongqing A share may get the agreed income of 5.6% annual simple interest and the possible excess income distribution, and its characteristics belong to the stable income share; At the end of the three-year period, after giving priority to the principal and agreed income of Tongqing A share, Tongqing B share enjoys the income (or loss) of the whole fund assets, which is characterized by positive income share;

3。 Listing on Shenzhen Stock Exchange can be traded separately:

The shares of Tongqing A and Tongqing B held by initial investors are listed and traded on Shenzhen Stock Exchange at the same time. Initial investors and secondary market investors can make trading choices according to different risk-return needs;

4。 Closed operation and maturity conversion:

The closed operation period is three years. During the closed period, the subscription and redemption business are not open, and no dividends are paid. The daily investment operation management of the fund is the same as that of ordinary stock-based open-end funds. After the expiration of the closed operation, it will be automatically converted into a listed open-end fund (LOF).