CCB acts as sales agency for Huafu Competitiveness Fund from Jan. 4 to Feb. 6.

Huafu Competitiveness Fund, one of hybrid funds, is the first fund issued by Huafu Fund Management Co. Ltd, which was established on Apr. 19, 2004 in Shanghai with RMB 120 million of registered capital. Shareholders are Huaan Securities Co. (49%), Anhui Innovation Investment Co. Ltd (27%) and China Worldbest Group Co. Ltd (24%). And the company’s largest shareholder Huaan Securities Co. ranked the leading position in terms of net profit and per capita profit among national securities businesses in 2003. 

Huafu Competitiveness Fund has the following features: first, to invest in an active manner. This Fund introduces an investment strategy of asset allocation and securities portfolio. Second, to draw upon the competitive advantages and to invest in good companies. Huafu Competitiveness Fund uses the industrial competition model and Huafu system to invest in listed companies with competitiveness and sound development. Third, to control risks and pursue a steady yield. Risks will be strictly prevented before the Fund investment, managed during its investment and assessed after its investment. In this way, the risk can be efficient controlled and reduced, and the long-term and medium steady growth can be achieved. Fourth, easy to alter investment portfolio. According to the market changes, you can choose what kind of products you will invest in and alter your asset allocation. Among this, the proportion of stocks is from 30% to 90%, the proportion of securities is from 5%-65% and cash can not be lower than 5% of the net asset value of the fund.

Since acting as sales agency for Huaxia Growth Fund, CCB has cooperated with 10 fund management companies and acted as sales agency for 24 funds with RMB 31 billion of the total limit of sales. At present, funds sold by CCB include all types of products such as equity fund, bond fund, money market fund and hybrid fund, that can meet various needs of customers in wealth management.  

In order to successfully sell Huafu Competitiveness Fund, CCB and Huafu Fund Management Co. Ltd have done sufficient works in terms of training, marketing and customer services in line with market trends and products features. Investors can inquire and buy it at more than 14,000 CCB outlets.