China Merchants Smart Stable Preferred 3-Month Holding Period Hybrid FOF Established with Scale of 1.1 Billion Yuan

China Economic Net Beijing, March 24 — Today, China Merchants Fund announced that the fund contract for the China Merchants Zhìwěn Preferred 3-Month Holding Hybrid Fund of Funds (FOF) has taken effect.

During the fundraising period, the net subscription amount was 1,125,219,191.78 yuan, with interest earned on the subscription funds of 279,567.55 yuan. The total subscription shares amounted to 1,125,498,759.33 shares.

The proposed fund manager, Wang Jianshen, worked as a quantitative research analyst at 7IM Asset Management in the UK from March 2016 to February 2018. From March 2018 to April 2020, he was in the Investment Research Department at China Merchants Bank Asset Management. From April 2020 to June 2021, he was in the Quantitative Derivatives Investment Department at China Merchants Wealth Management. Since July 2021, he has joined China Merchants Fund Management Co., Ltd., in the Asset Allocation and FOF Investment Department, where he currently serves as fund manager.

(Editors: Zhang Xiaobo)

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