Huabao Fund Management Co., Ltd. issued an announcement announcing that Huabao Overseas Technology Equity Securities Investment Fund (QDII-LOF) has suspended subscription and regular fixed-amount investment business. Other businesses are still handled normally. The date for resuming the subscription and regular fixed-amount investment business of this fund will be announced separately. Applications for subscription and regular fixed-amount investment business submitted by investors after 15:00 on December 12, 2024 will be deemed as applications submitted on the next working day and will not be confirmed. The funds that cannot be confirmed will be returned to the fund settlement account designated by the investor. (Shanghai Securities News)
Previously, funds issued by Huabao Fund and indirectly invested in overseas cryptocurrency assets were sold on multiple platforms such as Ant Fortune and China Merchants Bank. According to Huabao Overseas Technology C's third quarter report this year, five of the top ten funds with the highest fair value holdings at the end of the reporting period were index funds managed by Ark Investment Management under "Wood Sister" Cathie Wood, accounting for a total of 73.12%. It is reported that this product is sold on multiple sales platforms such as Ant Fortune, Wealth Management, Tiantian Fund, China Merchants Bank, and Snowball Fund. However, from December 11, large-scale subscriptions for Class A and Class C shares will be suspended, with a daily limit of RMB 1,000 per person.