As a first-class debt base, CCB Steady Increase Fund pays attention to the low volatility of portfolio in management and the investment of pure debt and the use of leverage in daily operation. In addition, it will actively participate in low-risk investment opportunities, such as subscription of convertible bonds and price difference between primary and secondary bond markets. In the view of fund manager Zhong Jingdi, prudent investment is the foundation. In the process of investment, it is necessary to restore the low-risk nature of bond funds and let investors who invest here bear the investment risks that match their affordability. If the volatility of bond funds approaches or even exceeds that of equity funds, this is not desirable; However, we should also strive to obtain excess returns on controllable investment risks, and we should not give up pursuing returns just because bond funds are low-risk products. As professional investors, fund managers should create satisfactory investment returns for investors through asset allocation, arbitrage and moderate leverage.

CCB's double-interest dividend bond fund is dominated by domestic high-interest bonds with huge profit potential. Compared with overseas high-interest bonds, due to strict supervision, the default risk of high-interest bonds in China is relatively small.

Take coupon rate's high credit debt as an example. Due to the compensation of credit risk and liquidity risk, the coupon rate of credit bonds is often higher than other bonds. The issuers of credit bonds in China are mostly enterprises with government background; That is, private enterprises issue bonds, and their enterprises are usually large and medium-sized companies, with good operating performance and small overall credit risk. In fact, there was no precedent for credit default of credit bonds in China's bond market in the past.