This fund is not a closed-end fund, but an open-end fund.

This fund just started raising funds on February 26, 2018. Although it is an open-end fund, there is a short closed period when all new funds are first established.

The closing period is usually three months.

005644 is a mix of Guangfa Shanghai, Hong Kong and Shenzhen leading brands.

The investment scope of this Fund is financial instruments with good liquidity, including stocks issued and listed domestically in accordance with the law (including small and medium-sized board, GEM and other stocks approved by the China Securities Regulatory Commission), stocks and bonds underlying Hong Kong Stock Connect (including domestically issued stocks in accordance with the law).

Treasury bonds issued and traded on the market; financial bonds, corporate bonds, corporate bonds, subordinated bonds, convertible bonds, separately traded convertible bonds, small and medium-sized enterprise private placement bonds, central bank bills, medium-term notes, short-term financing bonds and other securities approved by laws and regulations or China

Other bond financial instruments permitted by the China Securities Regulatory Commission); asset-backed securities, money market instruments, warrants, stock index futures, treasury bond futures, and other financial instruments permitted by laws and regulations or by the China Securities Regulatory Commission (but must comply with the relevant provisions of the China Securities Regulatory Commission)

).

Extended information In the third quarter of 2019, the trade war resumed, the global equity market was relatively turbulent, and the major indexes all experienced corrections.

Economic data in major economies generally continue to weaken, especially in the manufacturing sector, with the global manufacturing PMI showing signs of decline.

The corresponding expectations of monetary policy easing are gradually coming to fruition. The Federal Reserve has cut interest rates as expected, the European Central Bank has restarted its asset purchase plan, and other emerging market countries have also followed the United States in cutting interest rates.