Performance growth drives scale expansion, and the fund actively positions itself in QDII business.

Recently, the application materials for public offering QDII business submitted by Xingyin Fund were accepted by the China Securities Regulatory Commission, making it the fourth fund company to enter this track within the year. The enthusiasm for public offering QDII business layout stems from the continuous rise in performance of related products over the past 3 years. Data shows that as of now, the top-performing fund in the market for the year is a QDII product, with an average net asset value increase of 16% for similar products, and the total scale at the end of the second quarter reaching a historical high. The active layout of public offering is driven by the double increase in performance and scale of QDII funds in recent years. Data from Choice shows that as of August 7th, the annual average net asset value increase of QDII funds since 2023 has been positive, reaching 6%, 12%, and 16% respectively, showing an increasing trend year by year. Among them, the Huatai-PineBridge Hong Kong Advantage Selection Mixed fund has achieved a net asset value increase of 144% and become the "most profitable" fund of the year.