May 28, 2021

In April 2021, CISFC held the Q2 investment strategy meeting through a combination of in-person meeting and written reporting. Relevant personnel from 13 investment managers and custodian banks attended the meeting.

Meeting attendees discussed China’s macroeconomic developments and bond market trends and CISF’s portfolio investment strategy, liquidity portfolio management, and investment risk control in Q2 2021, and listened to comments and suggestions on the management of CISF’s assets from each investment manager.

The meeting noted that each investor manager should: (1) continue to maintain close communication with CISFC to timely discuss issues arising during investment activities and to propose feasible innovative solutions to those issues for the sound management of CISF’s entrusted assets; and (2) make portfolio investment in strict accordance with the requirements of the investment guidelines, put greater efforts on monitoring negative public sentiments in the bond market, and promptly inform CISFC of any negative public sentiments on any bond in CISF’s portfolio to effectively ensure the safety of CISF’s assets.