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Huashang Fund has purchased 20 million yuan of its floating rate fund.
Jin10 data reported on July 1st that Huashang Fund announced it has today used its own funds of 20 million yuan to subscribe for shares of its Huashang Zhiyuan Return Mixed Fund Class A. This fund is one of the first batch of newly approved funds with a floating management fee rate model, intended to be managed by Zhang Mingxin, Deputy Director of Equity Investment at Huashang Fund.