The investment scope of the Fund includes domestic stocks issued and listed according to law (including main board, small and medium-sized board, Growth Enterprise Market and other stocks and depositary receipts approved or registered by China Securities Regulatory Commission (the same below)), stocks listed on the Hong Kong Stock Exchange within the prescribed scope allowed by the interconnection mechanism between the mainland and Hong Kong stock markets (referred to as "Hong Kong Stock Connect") and bonds (including domestic government bonds, central bank bills, financial bonds, corporate bonds and corporate bonds issued and listed according to law);
Medium-term notes, short-term financing bonds, ultra-short-term financing bonds, subordinated bonds, government-supported institutional bonds, government-supported bonds, local government bonds, convertible bonds and other bonds allowed by China Securities Regulatory Commission), asset-backed securities, bond repurchase, bank deposits (including agreement deposits, time deposits and other bank deposits), interbank deposit certificates, money market instruments, financial derivatives (including stock index futures, treasury bonds futures, stock options, etc.). ).
As well as laws and regulations or other financial instruments that the China Securities Regulatory Commission allows the fund to invest, but it must comply with the relevant provisions of the China Securities Regulatory Commission. 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.
The Fund analyzes the development trend of macro-economy and securities market by combining qualitative and quantitative methods, analyzes and evaluates the systemic risks of the current securities market and the expected risks and expected returns of various assets in the foreseeable future, and accordingly formulates the allocation ratio, adjustment principles and adjustment scope of the Fund among assets such as stocks, bonds and cash, and strives for the stable appreciation of the portfolio on the basis of keeping the overall risk level relatively stable.
In addition, the Fund will continue to conduct regular and irregular asset allocation risk monitoring and make corresponding adjustments in a timely manner. Stock investment strategy Relying on the investment and research platform of the fund manager, the Fund closely tracks the trend of consumption upgrading and industrial upgrading brought about by China's economic growth, combines the background of scientific and technological innovation and national policy orientation, and takes the innovation ability and industrial chain advantages as the consideration criteria, and selects excellent companies with core competitiveness and long-term value growth potential in products, technologies and services.