Xingquan Fund achieved operating revenue of 3.968 billion yuan and net profit of 1.59 billion yuan in 2025.

On the evening of March 27, Industrial Bank Securities disclosed its 2025 annual report, while at the same time, the operating data of its subsidiary, Xingzheng Global Fund Management Co., Ltd., was also disclosed.

It is understood that Industrial Bank Securities holds 51% of the equity of Xingzheng Global Fund. As of December 31, 2025, Xingzheng Global Fund had total assets of 11.465 billion yuan and net assets of 7.734 billion yuan; during the reporting period, it generated operating revenue of 3.968 billion yuan and net profit of 1.59 billion yuan.

The announcement states that Xingzheng Global Fund has always adhered to the principle of “maximizing the interests of fund holders,” creating long-term value returns for clients through strong active management capabilities. Product performance has consistently ranked among the top in the industry. As of the end of 2025, according to data from CICC Haitong Securities, Xingzheng Global Fund’s past three-year weighted average returns for its actively managed equity funds and actively managed fixed-income funds were ranked first and second, respectively, among large-company equity categories and mid-sized companies in the fixed-income category.

At the same time, business innovation at Xingzheng Global Fund achieved new breakthroughs. It successfully issued the industry’s first CSI 300 Quality ETF. Substantial progress was made in building an in-exchange business ecosystem, including completing the issuance of the industry’s first cross-market CSI 300 index enhanced fund for Hong Kong and Shanghai–Shenzhen–Hong Kong (via Hong Kong) as well as the first batch of new-type floating-rate fee funds. Its fund advisor investment advisory strategy won the 2025 Fund Advisor Innovation Case Bull (Niu) Award.

In addition, Xingzheng Global Fund actively supports major initiatives in pension finance. The AUM for pension fund Y share classes ranks among the top three in the industry. Its cross-border research and investment capabilities continued to deepen. During the reporting period, its Singapore subsidiary was officially approved, and QDII business quota was expanded.

As of the end of 2025, Xingzheng Global Fund’s publicly offered fund AUM reached 749.057 billion yuan, up 15% from the end of the previous year.

Looking ahead, Xingzheng Global Fund will strengthen its competitiveness along the main line of high-quality development, cultivate new drivers from a long-cycle perspective, and improve systematized capability building. By deepening the technology service system of “digital-driven, intelligent empowerment,” it will strengthen talent mechanisms and compliance/risk control, nurture a “responsibility” culture, and further develop the pension finance ecosystem. Relying on its overseas subsidiaries, it will promote “internal-external coordination” to enhance its internationalization level. Amid profound industry-wide transformation, Xingzheng Global Fund will better play the role of publicly offered funds in supporting the real economy, fulfill the social responsibility of publicly offered funds, coordinate scale and quality through professional capabilities, firmly follow the path of high-quality sustainable development, and contribute professional力量 to the preservation and appreciation of residents’ wealth on a broader scale and to the healthy development of capital markets.

(Announcement)

(Editor: Xu Nannan)

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