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Puyi Fund of Highest Performances Holdings Inc.(NASDAQ: HPH) Wins "2024 Outstanding Wealth Management Award"

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Puyi Fund, a subsidiary of Highest Performances Holdings Inc. (NASDAQ: HPH), has won the '2024 Outstanding Wealth Management Award' at the 13th CFS Finance Summit in Beijing. The company's innovative comprehensive family wealth management account system and personalized service solutions have been highly recognized for meeting diverse investor needs and enhancing risk management.

In the first half of 2024, despite challenging market conditions, Puyi Fund's flagship portfolios achieved positive returns, with most exceeding their benchmarks. The Jinniu Hong Kong stocks portfolio particularly stood out, benefiting from a robust market rebound and effective drawdown control.

As of June 30, 2024, Puyi Fund had integrated 118 public fund companies and over 11,000 individual public funds. The company's institutional business has grown rapidly, particularly among large financial institutions. By December 31, 2023, Puyi Fund's cumulative asset allocation service scale exceeded 75.1 billion yuan, with a compound annual growth rate of 128.8% from 2015 to 2023.

Puyi Fund, una sussidiaria di Highest Performances Holdings Inc. (NASDAQ: HPH), ha vinto il '2024 Outstanding Wealth Management Award' al 13° CFS Finance Summit a Pechino. Il sistema innovativo di conti per la gestione della ricchezza familiare e le soluzioni di servizio personalizzate dell'azienda sono state altamente riconosciute per soddisfare le diverse esigenze degli investitori e migliorare la gestione del rischio.

Nella prima metà del 2024, nonostante le condizioni difficili del mercato, i portafogli di punta di Puyi Fund hanno raggiunto rendimenti positivi, con la maggior parte di essi che ha superato i propri benchmark. Il portafoglio di azioni di Hong Kong Jinniu si è particolarmente distinto, beneficiando di un forte recupero del mercato e di un efficace controllo dei drawdown.

Al 30 giugno 2024, Puyi Fund aveva integrato 118 società di fondi pubblici e oltre 11.000 fondi pubblici individuali. Il business istituzionale dell'azienda è cresciuto rapidamente, in particolare tra le grandi istituzioni finanziarie. Entro il 31 dicembre 2023, la scala cumulativa del servizio di allocazione degli attivi di Puyi Fund ha superato 75,1 miliardi di yuan, con un tasso di crescita annuale composto del 128,8% dal 2015 al 2023.

Puyi Fund, una subsidiaria de Highest Performances Holdings Inc. (NASDAQ: HPH), ha ganado el '2024 Outstanding Wealth Management Award' en la 13ª Cumbre de Finanzas CFS en Pekín. El innovador sistema integral de cuentas de gestión de patrimonio familiar y las soluciones de servicio personalizadas de la compañía han sido altamente reconocidos por satisfacer las diversas necesidades de los inversores y mejorar la gestión del riesgo.

En la primera mitad de 2024, a pesar de las desafiantes condiciones del mercado, los portafolios insignia de Puyi Fund lograron rendimientos positivos, la mayoría superando sus índices de referencia. El portafolio de acciones de Hong Kong Jinniu destacó particularmente, beneficiándose de un fuerte rebote del mercado y un control efectivo de las caídas.

Al 30 de junio de 2024, Puyi Fund había integrado 118 empresas de fondos públicos y más de 11,000 fondos públicos individuales. El negocio institucional de la compañía ha crecido rápidamente, especialmente entre grandes instituciones financieras. Para el 31 de diciembre de 2023, la escala acumulada del servicio de asignación de activos de Puyi Fund superó 75.1 mil millones de yuanes, con una tasa de crecimiento anual compuesta del 128.8% de 2015 a 2023.

Puyi FundHighest Performances Holdings Inc. (NASDAQ: HPH)의 자회사로, 베이징에서 열린 제13회 CFS 금융 서밋에서 '2024 Outstanding Wealth Management Award'를 수상했습니다. 회사의 혁신적인 가족 자산 관리 계좌 시스템과 맞춤형 서비스 솔루션은 다양한 투자자의 요구를 충족하고 리스크 관리를 강화하는 데 높은 평가를 받았습니다.

2024년 상반기 동안 도전적인 시장 상황에도 불구하고, Puyi Fund의 대표 포트폴리오는 긍정적인 수익률을 기록했으며, 대부분이 기준치 이상을 초과했습니다. 특히 Jinniu 홍콩 주식 포트폴리오는 강력한 시장 반등과 효과적인 하락 제어로 이득을 보았습니다.

2024년 6월 30일 기준으로 Puyi Fund는 118개의 공모펀드 회사11,000개 이상의 개별 공모펀드를 통합했습니다. 회사의 기관 사업은 특히 대형 금융 기관들 사이에서 빠르게 성장하고 있습니다. 2023년 12월 31일까지 Puyi Fund의 누적 자산 배분 서비스 규모는 75.1억 위안을 초과했으며, 2015년부터 2023년까지 연평균 성장률은 128.8%에 달했습니다.

Puyi Fund, une filiale de Highest Performances Holdings Inc. (NASDAQ: HPH), a remporté le '2024 Outstanding Wealth Management Award' lors du 13ème CFS Finance Summit à Pékin. Le système novateur de comptes de gestion de patrimoine familial et les solutions de service personnalisées de l'entreprise ont été largement reconnus pour répondre aux besoins divers des investisseurs et améliorer la gestion des risques.

Au premier semestre 2024, malgré des conditions de marché difficiles, les portefeuilles phares de Puyi Fund ont réalisé des rendements positifs, la plupart dépassant leurs repères. Le portefeuille d'actions de Hong Kong Jinniu s'est particulièrement distingué, bénéficiant d'une forte reprise du marché et d'un contrôle efficace des baisses.

Au 30 juin 2024, Puyi Fund avait intégré 118 sociétés de fonds publics et plus de 11 000 fonds publics individuels. L'activité institutionnelle de l'entreprise a connu une croissance rapide, notamment parmi les grandes institutions financières. Au 31 décembre 2023, l'échelle cumulative du service d'allocation d'actifs de Puyi Fund dépassait 75,1 milliards de yuans, avec un taux de croissance annuel composé de 128,8% de 2015 à 2023.

Puyi Fund, eine Tochtergesellschaft von Highest Performances Holdings Inc. (NASDAQ: HPH), hat den '2024 Outstanding Wealth Management Award' beim 13. CFS Finance Summit in Peking gewonnen. Das innovative umfassende Familienvermögensverwaltungskontosystem und die personalisierten Dienstleistungslösungen des Unternehmens wurden stark anerkannt, da sie die vielfältigen Bedürfnisse der Investoren erfüllen und das Risikomanagement verbessern.

In der ersten Hälfte des Jahres 2024 haben die Kernportfolios von Puyi Fund trotz herausfordernder Marktbedingungen positive Renditen erzielt, wobei die meisten ihre Benchmarks übertreffen konnten. Besonders hervorzuheben ist das Jinniu Hongkong-Aktienportfolio, das von einer starken Markterholung und einer effektiven Drawdown-Kontrolle profitierte.

Zum 30. Juni 2024 hatte Puyi Fund 118 öffentliche Fondsgesellschaften und über 11.000 individuelle öffentliche Fonds integriert. Das institutionelle Geschäft des Unternehmens ist schnell gewachsen, insbesondere bei großen Finanzinstitutionen. Bis zum 31. Dezember 2023 überstieg der kumulierte Asset-Allocation-Service von Puyi Fund 75,1 Milliarden Yuan, mit einer jährlichen Wachstumsrate von 128,8% von 2015 bis 2023.

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GUANGZHOU, China, July 30, 2024 /PRNewswire/ -- The 13th CFS Finance Summit and Amazing 2024 Innovative Entrepreneur Festival concluded successfully in Beijing. Fanhua Puyi Fund Distribution Co., Ltd., ("Puyi Fund" or the "Company"), a subsidiary of Highest Performances Holdings Inc.(NASDAQ: HPH) ("HPH"), stood out among numerous participating institutions, winning the "2024 Outstanding Wealth Management Award" for its excellent wealth management capabilities and innovative service model. This honor not only acknowledges Puyi Fund's exceptional achievements in account service innovation over the past year but also signifies high expectations for its continued growth and positive contributions in the industry.

The 13th CFS Finance Summit, themed "Exploring New Dynamics in the Chinese Economy," brought together business leaders, leading economists, and financial elites from home and abroad to discuss new opportunities and challenges in China's economy. During the summit, attendees engaged in high-level dialogues, in-depth sharing, and project roadshows, focusing on hot topics such as technological innovation, digital economy, and green finance, sparking intense intellectual collisions and exchanges of wisdom.

As a leading figure in the wealth management sector, Puyi Fund received high recognition from the judging panel for its outstanding performance in asset allocation, risk management, and customer service. In particular, its innovative comprehensive family wealth management account system and personalized service solutions effectively met the diversified needs of investors, helping to fortify risk defenses during volatile markets conditions and significantly enhancing investor experience and confidence.

Puyi Fund announced that in the first half of 2024, which presented a highly challenging market environment, the company's flagship Jinniu and Panshi series portfolios achieved positive returns through agile adjustments, with most exceeding their performance benchmarks, highlighting the effectiveness of their advisory services. The Jinniu Hong Kong stocks portfolio stood out in both absolute and excess returns, benefiting from a robust rebound in the Hong Kong stock market and the effective drawdown control of the barbell strategy.

Portfolio

Benchmark

Portfolio
Return

Benchmark
Return

Excess Return

Panshi Jiyi

ChinaBond Aggregate
Full Index

2.42 %

2.44 %

-0.02 %

Panshi
Anxin

ChinaBond Aggregate
Full Index

2.48 %

2.44 %

0.04 %

Panshi
Yuanfu

15% CSI 300 + 85%
ChinaBond

2.82 %

2.27 %

0.55 %

Jinniu
Steady

30% CSI 300 + 70%
ChinaBond

 

3.60 %

2.08 %

1.52 %

Jinniu
Balanced

50% CSI 300 + 50%
ChinaBond

3.25 %

1.79 %

1.46 %

Jinniu
Aggressive

70% CSI 300 + 30%
ChinaBond

2.70 %

1.46 %

1.24 %

Jinniu Full

CSI 300

1.17 %

0.89 %

0.28 %

Jinniu Hong
Kong

Hang Seng Index

6.84 %

3.94 %

2.90 %

Data Source: Yingmi Fund, December 29, 2023 - June 30, 2024. Market risks exist; invest cautiously. Past performance is not indicative of future results and does not constitute a guarantee of future performance.

The comprehensive family wealth management account system, meticulously designed by Puyi Fund under the service philosophy of "Long-term for Customers, For Customers Long-term," serves as a scientific tool for asset allocation. This system guides customers to distribute investment assets across flexible access accounts, steady growth accounts, and income-seeking accounts. Customers can adjust the allocation ratios among these accounts based on different market environments and cycles, aiming to achieve steady asset growth and sustainable long-term investment returns while minimizing risks.

Notably, the scale of Puyi Fund's institutional business has grown rapidly this year, particularly among large financial institutions such as banks, wealth management subsidiaries, and insurance companies. The company's intelligent off-market fund trading system, " Web-based Institution Master system," provides institutional investors with a rich product portfolio, systematic research and investment framework, and personalized trading experience, thereby enhancing service quality and efficiency for institutional clients.

As of June 30, 2024, Puyi Fund had integrated 118 public fund companies across the market, with 100% integration of the top 20 fund companies by scale, nearly 11,000 individual public funds, and over 20 customized advisory strategies. In the private fund sector, the company has selected over 30 managers across the market, with 38% managing over 10 billion yuan and 29% managing between 5 billion and 10 billion yuan, covering various mainstream strategy products to meet the diverse allocation needs of different types of investors.

As an independent third-party fund sales agency under HPH, Puyi Fund will continue to adhere to the philosophy of a buy-side advisor, dedicated to providing comprehensive family financial asset allocation services for individual investors and diversified financial services for institutional investors. The company is committed to accompanying customers over the long term, meeting personalized asset allocation needs under different scenarios, and helping more investors achieve sustainable long-term returns. As of December 31, 2023, Puyi Fund's cumulative asset allocation service scale exceeded 75.1 billion yuan, with a compound annual growth rate of 128.8% from 2015 to 2023.

About Highest Performances Holdings Inc. (NASDAQ: HPH)

HPH was founded in 2010 with the aim of becoming a top provider of smart home and enterprise services. Its mission is to improve the quality of life for families worldwide, focusing on two main driving forces: "technological intelligence" and "capital investments." HPH has a global strategic perspective and identifies high-quality enterprises with global potential for investment and operations. Its areas of focus include asset allocation, education and study tours, cultural tours, sports events, healthcare and elderly care and family governance.

HPH currently holds controlling interests in two leading financial service providers in China, namely Fanhua Inc., a technology-driven platform, and Fanhua Puyi Fund Distribution Co., Ltd., an independent wealth management service provider.

Highest Performances Holdings Inc., formerly known as Puyi Inc., was renamed on March 13, 2024 to reflect its strategic transformation.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When HPH uses words such as "may", "will", "intend", "should", "believe", "expect", "anticipate", "project", "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from HPH's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: HPH's ability to obtain proceeds from the Agreement; HPH's goals and strategies; HPH's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the third-party wealth management industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets HPH serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by HPH with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in HPH's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. HPH undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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SOURCE Highest Performances Holdings Inc.

FAQ

What award did Puyi Fund win at the 13th CFS Finance Summit in 2024?

Puyi Fund, a subsidiary of Highest Performances Holdings Inc. (NASDAQ: HPH), won the '2024 Outstanding Wealth Management Award' at the 13th CFS Finance Summit in Beijing.

How did Puyi Fund's portfolios perform in the first half of 2024?

Despite challenging market conditions, Puyi Fund's flagship portfolios achieved positive returns in the first half of 2024, with most exceeding their performance benchmarks. The Jinniu Hong Kong stocks portfolio particularly stood out with strong performance.

What is the scale of Puyi Fund's asset allocation service as of December 31, 2023?

As of December 31, 2023, Puyi Fund's cumulative asset allocation service scale exceeded 75.1 billion yuan, with a compound annual growth rate of 128.8% from 2015 to 2023.

How many public fund companies has Puyi Fund integrated as of June 30, 2024?

As of June 30, 2024, Puyi Fund had integrated 118 public fund companies across the market, with 100% integration of the top 20 fund companies by scale.

What is Puyi Fund's approach to wealth management for HPH investors?

Puyi Fund uses a comprehensive family wealth management account system that guides customers to distribute investment assets across flexible access, steady growth, and income-seeking accounts. This approach aims to achieve steady asset growth and sustainable long-term returns while minimizing risks.

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