Huaxia Fund Management Company is now controlled by CITIC Securities 100%. As far as equity is concerned, Huaxia Fund has nothing to do with Huaxia Securities. Although Huaxia Securities is indeed one of the founding shareholders of Huaxia Fund, as early as 2003, Huaxia Securities has transferred all the shares of Huaxia Fund, and there is no legal relationship between them.

According to public information, Huaxia Fund Management Co., Ltd. was established on April 9, 1998, and was jointly established by Huaxia Securities, Beijing Securities and Zhongke International Trust and Investment Company. Until June 2000, Huaxia Fund increased its capital and shares to 65.438+38 billion yuan, and Huaxia Securities still held 30% of the shares. However, in April 2003, Huaxia Securities transferred all its shares in Huaxia Fund to Beijing State-owned Assets Management Co., Ltd. After the transfer, the shareholder structure of Huaxia Fund became: Southwest Securities held 35.725%, Beijing State-owned Assets Management Co., Ltd. held 35.725%, Beijing Securities held 25% and Zhongke Securities held 3.55%.

Since March 2006, CITIC Securities has started the process of acquiring Huaxia Securities. In the following six months, CITIC Securities successively acquired 35.725% equity of Huaxia Fund held by Beijing State-owned Assets Management Co., Ltd., and acquired 25% equity of Huaxia Fund held by Beijing Securities twice. By June 5438+ 10, 2006, CITIC Securities held 60.725% of the shares of Huaxia Fund. Then, in one year, CITIC Securities successively acquired 3.55% equity of Huaxia Fund held by China Science and Technology Securities and 35.725% equity held by Southwest Securities; By September 2007, CITIC Securities held 0/00% shares of Huaxia Fund/KLOC-.

Up to now, Huaxia Fund has been separated from Huaxia Securities for more than five years. Therefore, Huaxia fund holders need not worry about the bankruptcy liquidation of Huaxia Securities.

In addition, according to the relevant laws and regulations of our country, the management and custody of fund assets are separated, that is, the fund manager is responsible for the investment operation and management of the fund, and the fund custodian is responsible for the custody of fund assets and the entry and exit of funds. The fund assets are independent of the self-owned assets of the fund manager and the fund custodian, and the funds deposited in the custodian bank are stored in the form of independent fund accounts, and the creditors of the fund manager and the fund custodian have no claim on the fund assets.