China Dongxiang (Group) Co., Ltd. (3818) Releases Additional Details on RMB Fund Subscription

Bulletin Express
Nov 07

China Dongxiang (Group) Co., Ltd. (3818) issued a supplemental announcement providing further details regarding its subscription of interests in a RMB Fund. The newly disclosed information highlights the fund’s concentration on fixed income assets such as government bonds, local government bonds, and policy financial bonds, with an emphasis on risk management and stable returns. The announcement indicates that monthly redemption is available following a 180-day initial lock-up.

According to the supplemental disclosure, the RMB Fund is managed by a licensed private securities investment fund manager established in 2018, holding around RMB10 billion in domestic assets and actively operating equity and fixed income strategies. The manager’s investment team comprises nearly 30 professionals with more than a decade of industry experience.

China Dongxiang (Group) Co., Ltd. indicates that this investment in the RMB Fund aligns with efforts to achieve consistent financial performance through diversification and risk control. The announcement also clarifies that the fund manager, Beijing Yuanfeng Private Equity Fund Management Partnership (Limited Partnership), is principally engaged in private securities investment fund management, with two named individuals as the entity’s actual controllers. The key management structure, along with the multiple oversight and risk control mechanisms employed by China Dongxiang (Group) Co., Ltd., is expected to help safeguard the company’s investment and uphold its strategy of capital preservation and steady income generation.

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