On October 28, Huaxia Foundation and Franklin Templeton announced the signing of a memorandum of understanding on strategic cooperation in Shenzhen today. This marks an important step in cooperation between the two leading investment management agencies in the world's top two economies in the field of cross-border asset management. According to the memorandum, the two sides will establish a framework of cooperation to carry out in-depth cooperation in areas such as joint product development, market insight sharing, and investment expertise exchange. On the premise of obtaining approval from relevant regulatory authorities, the two sides plan to explore the development of joint ETF products under different structures such as Hong Kong, European UCITS, and US ETFs. The proposed ETF aims to provide investors with differentiated investment channels to seize long-term growth opportunities brought about by the development of the Chinese, Asian and global markets. The purpose of this cooperation is to achieve strong alliances and complementary advantages, deeply integrating Huaxia Fund's leading position in China's asset management industry, local distribution strength and index innovation capabilities, with Franklin Templeton's global investment platform, ETF business strength, and extensive international distribution network covering more than 35 countries and regions around the world.

On October 28, Huaxia Foundation and Franklin Templeton announced the signing of a memorandum of understanding on strategic cooperation in Shenzhen today. This marks an important step in cooperation between the two leading investment management agencies in the world's top two economies in the field of cross-border asset management. According to the memorandum, the two sides will establish a framework of cooperation to carry out in-depth cooperation in areas such as joint product development, market insight sharing, and investment expertise exchange. On the premise of obtaining approval from relevant regulatory authorities, the two sides plan to explore the development of joint ETF products under different structures such as Hong Kong, European UCITS, and US ETFs. The proposed ETF aims to provide investors with differentiated investment channels to seize long-term growth opportunities brought about by the development of the Chinese, Asian and global markets. The purpose of this cooperation is to achieve strong alliances and complementary advantages, deeply integrating Huaxia Fund's leading position in China's asset management industry, local distribution strength and index innovation capabilities, with Franklin Templeton's global investment platform, ETF business strength, and extensive international distribution network covering more than 35 countries and regions around the world.