Industrial and Commercial Bank of China Limited (ICBC) has recently launched its new fund sales and service brand, "Gongying Yanxuan." The brand is client-profit-oriented and leverages professional investment research capabilities to build a pyramid-style selection system for publicly offered funds. It simultaneously introduces a full-cycle investment companion service, creating a new fund sales model that integrates product selection, risk control, and client service.
"Gongying Yanxuan" formulates quantitative standards such as "return" and "drawdown" from perspectives easily understood by clients and marketed by frontline staff, provides equity allocation suggestions, and collaborates with partner institutions to build and maintain a series of product pools. The initial launch includes two product series, "Anying" and "Zhiying," to precisely match different client investment needs. The "Anying" series focuses on fixed-income and fixed-income-plus products, supporting clients' steady asset growth through strict control of drawdown risks. The "Zhiying" series focuses on equity index products, selecting index and index-enhanced products to provide aggressive return-enhancement tools for clients seeking higher returns.
The launch of the "Gongying Yanxuan" brand not only introduces a clearly layered product system with explicit standards but also aims to establish a comprehensive, multi-dimensional fund sales and service support system. In terms of client service, ICBC will collaborate with partner institutions to provide professional and personalized investment companionship through the mobile banking open wealth community, focusing on three types of companion content and seven key scenarios. In the future, ICBC will further accelerate the optimization of the mobile banking fund channel, establish a "Gongying Yanxuan" dedicated zone, and implement functions such as label filtering, performance comparison, scheduled investment reminders, and one-click purchases. This will create a trinity service experience connecting channels, the brand, and clients, enhancing the convenience of client investment operations and the holding experience.
The S&P A-Share Dividend ETF HuaBao Link Fund (Class A: 501029, Class C: 005125), a flagship dividend index fund under the large-scale ETF manager HuaBao Fund with assets under management exceeding one hundred billion in equity ETFs, has been successfully included in the first batch of publicly offered fund products selected for "Gongying Yanxuan." Labeled as "small-cap dividends, capable in both offense and defense," the S&P A-Share Dividend ETF HuaBao Link Fund tracks the underlying S&P China A-Share Dividend Opportunities Index. This index selects 100 A-share companies with high dividends, featuring "dividends + small-cap + sector diversification," combining growth and defensive characteristics. Compared to other dividend indices, this index incorporates a profitability stability screening mechanism, emphasizing the stability of dividend behavior and the sustainability of profitability, thereby reducing the probability of "value traps." The index sets a sector weight cap of 33% and an individual stock weight cap of 3%, with a median market capitalization of 18.6 billion yuan (as of the end of March 2026). From January 1, 2005, to March 31, 2026, the cumulative return of the S&P A-Share Dividend Total Return Index reached 2911%, with excess returns of 2353% and 2065% relative to the CSI 300 Total Return Index and the CSI 500 Total Return Index, respectively.
The S&P China A-Share Dividend Opportunities Index exhibits characteristics of high profitability, quality, and low valuation. As of the end of March 2026, the index's dividend yield was 5.25%. The index components are reviewed semi-annually, with constituent eligibility reviewed monthly; the dividend yield data statistics period is the most recent 12 months. As of the end of March 2026, the index's one-year return reached 19.93%, significantly outperforming similar dividend indices, with an annualized Sharpe ratio of 1.68, indicating a significant advantage in risk-adjusted returns.
ICBC consistently adheres to a client-centric approach. The launch of the "Gongying Yanxuan" brand is an important initiative to deepen the transformation of its wealth management business. In the future, ICBC will use "Gongying Yanxuan" as a lever to continuously strengthen its professional investment research capabilities, optimize its product system and service mechanisms, and collaborate with various partner institutions to continually enhance clients' sense of investment fulfillment. This aims to help investors "feel and gain" on their wealth management journey, assisting clients in achieving long-term, steady wealth growth.
Special Reminder: Recent market volatility may be significant, and short-term price movements do not predict future performance. Investors must make rational investment decisions based on their own financial situation and risk tolerance, paying close attention to position sizing and risk management.
Fee Description: For the S&P A-Share Dividend ETF HuaBao Link A, the subscription fee is 1.0% for amounts below 1 million yuan, 0.6% for amounts between 1 million yuan (inclusive) and 2 million yuan, and a flat fee of 1000 yuan per transaction for amounts of 2 million yuan (inclusive) and above. The redemption fee is 1.5% for a holding period of less than 7 days, 0.5% for 7 days (inclusive) to 30 days, and 0% for 30 days (inclusive) and above. The S&P A-Share Dividend ETF HuaBao Link C does not charge a subscription fee. The redemption fee is 1.5% for a holding period of less than 7 days and 0% for 7 days (inclusive) and above. The sales service fee is 0.3%. When subscribing for or redeeming ETF fund shares, subscription and redemption agents may charge a commission not exceeding 0.5%. On-exchange trading fees are subject to the actual charges by securities firms. The fund management fee is 0.5% per annum, and the custody fee is 0.1% per annum.
Risk Disclosure: The S&P A-Share Dividend ETF HuaBao and its link fund passively track the S&P China A-Share Dividend Opportunities Index. The base date of the index is June 21, 2004, and it was published on September 11, 2008. The composition of the index constituents is adjusted according to the index compilation rules, and its back-tested historical performance does not indicate future index performance. The annual performance (including dividends) of the S&P A-Share Dividend Total Return Index for the past five full years is: 2021: 23.12%; 2022: -3.59%; 2023: 14.21%; 2024: 14.98%; 2025: 18.95%. The index constituents mentioned in this article are for illustrative purposes only; descriptions of individual stocks do not constitute any form of investment advice nor represent the holdings or trading动向 of any fund managed by the fund manager. This product is issued and managed by HuaBao Fund. Distributors do not assume responsibility for the investment or redemption of the product. Investors should carefully read the Fund Contract, Prospectus, Fund Product Key Facts Statement, and other fund legal documents to understand the risk-return characteristics of the fund and choose products suitable for their own risk tolerance. Past fund performance does not predict its future performance. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Fund investment involves risks! The fund manager assesses the risk level of this fund as R3 - Medium Risk, suitable for Balanced (C3) and above investors. Distributors (including the fund manager's direct sales channels and other distributors) assess the risk of this fund according to relevant laws and regulations. Investors should promptly pay attention to the appropriateness opinions issued by distributors and base their decisions on the matching results. Appropriateness opinions from different distributors may not necessarily be consistent. The fund product risk rating results issued by fund distributors shall not be lower than the risk rating results determined by the fund manager. The fund contract's description of the fund's risk-return characteristics and the fund's risk rating may differ due to different considerations. Investors should understand the fund's risk-return profile and make prudent fund selection decisions based on their own investment objectives, horizon, experience, and risk tolerance, bearing the risks themselves. The China Securities Regulatory Commission's registration of this fund does not indicate a substantive judgment or guarantee of its investment value, market prospects, or returns. Funds carry risks; investment requires caution.
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