2月14日，泉果基金官宣新任总经理、财务负责人、副总经理等管理层人选。 | 基金管理人名称 | 泉果基金管理有限公司 | | --- | --- | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》《证 | | | 券基金经营机构董事、监事、高级管理人员及从 | | | 业人员监督管理办法》等相关法律法规 | | 高管变更类型 | 新任基金管理公司总经理 | | | 新任基金管理公司副总经理 | | | 新任基金管理公司合规负责人、风控负责人 | | | 离任基金管理公司合规负责人、风控负责人 | | 新任高级管理人员职务 | 总经理 | | --- | --- | | 新任高级管理人员姓名 | 李云亮 | | 是否经中国证监会核准取得高管任职 | l | | 资格 | | | 中国证监会核准高管任职资格的日期 | - | | 任职日期 | 2026-02-13 | | 过往从业经历 | 曾任重庆理工大学讲师,重庆证监局副调研员,西南证券股 份有限公司证券资管部总经理,金鹰基金管理有限公司副总 经理、督察长,深圳前海金鹰资产管理有限公司董事长,上 海东方证券资产管理有限公司合规负责人、首席风险官、首 ...

Core Insights - The future of robotics will focus on the capabilities of the "brain" rather than just the hardware, with companies like Yuanli Wuxian emphasizing the development of AI models and foundational platforms for embodied intelligence products [1][2] - Yuanli Wuxian has launched its first consumer-grade embodied intelligent robot, Xiaoyuanzi, which is designed to evolve continuously and features a universal peripheral interface for hardware upgrades [1][5] Group 1: Technological Development - The competition in robotics will increasingly center around software capabilities, specifically the "robot brain," as hardware becomes more standardized [2] - Yuanli Wuxian is focusing on three key dimensions to enhance robot performance: the ability to handle long-range tasks, the development of a self-learning multi-modal model (Hyper-VLA), and the creation of a causal world model for reasoning about unexpected physical events [2][3] - A recent paper by Yuanli Wuxian's research team proposes a new solution to the "catastrophic forgetting" problem, enabling robots to learn multiple complex tasks without losing performance on previous tasks [3] Group 2: Product Strategy and Market Position - Yuanli Wuxian has established a dual approach to product deployment, focusing on rapid commercialization in specialized scenarios while nurturing general-purpose applications over the long term [5] - The FORCE series robots have been deployed in over 100 scenarios across more than 20 cities, generating stable cash flow and demonstrating the company's ability to address real-world challenges [5][6] - The newly launched Xiaoyuanzi robot, priced in the tens of thousands, has already received over 100 blind orders on its first day, with projected sales of 500 to 1,000 units by 2026 [6] Group 3: Long-term Vision and Financial Outlook - The embodied intelligence industry is still in its early stages, akin to the mobile phone industry in the early 2000s, with a focus on achieving autonomous operation in everyday environments [7] - Yuanli Wuxian prioritizes long-term technological leadership over immediate profits, with most current revenues reinvested into R&D [7] - The company anticipates reaching over 100 million yuan in revenue by 2026, supported by significant financing rounds and partnerships with both social capital and local state-owned funds [7]

当前A股市场受多重因素交织影响，呈现估值驱动、结构分化的运行特征。日前，财信证券首席经济学 家袁闯接受中国证券报记者专访时表示，当前市场上行格局尚未改变，春节后A股有望延续震荡走强态 势，市场将向成长风格切换。后续核心投资逻辑将围绕"价值搭台、成长唱戏"的规律展开，建议聚焦五 大方向均衡配置，审慎应对海外扰动等潜在风险，把握结构性机会。 当前，A股市场受多重因素交织影响，整体格局复杂，核心特征表现为趋势清晰、短期扰动因素较多、 结构分化显著。 袁闯认为，市场自发向上的趋势构成核心驱动力，A股震荡上行的整体格局未发生改变。这一趋势与监 管层逆周期调节形成协同效应，监管部门有序化解杠杆风险、防范市场过热等举措，成为市场平稳运行 的重要保障，为居民财富保值增值、经济转型升级及科技自立自强营造稳健环境。 市场上行的核心支撑逻辑主要涵盖三方面。袁闯表示，一是企业盈利前景逐步改善；二是居民储蓄入市 意愿增强，为市场提供增量资金；三是反内卷相关政策持续推进，行业竞争格局不断优化，进一步夯实 企业业绩改善预期。 短期来看，假期效应带来阶段性市场扰动。袁闯表示，农历春节前夕，部分资金出于规避不确定性的需 求，选择落袋为安，导致 ...

Core Insights - The People's Bank of China and the National Financial Regulatory Administration have conducted an assessment for the 2025 systemically important banks, identifying 21 domestic banks as systemically important [1] Group 1: Systemically Important Banks - The assessment categorized the 21 banks into five groups based on their systemic importance scores, with the first group consisting of 11 banks including China Minsheng Bank, China Everbright Bank, Ping An Bank, and others [1] - The second group includes 4 banks: Industrial Bank, China CITIC Bank, Shanghai Pudong Development Bank, and China Postal Savings Bank [1] - The third group has 2 banks: Bank of Communications and China Merchants Bank [1] - The fourth group consists of 4 major banks: Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China [1] - No banks were placed in the fifth group [1] Group 2: Changes and Future Directions - Compared to the 2023 list of systemically important banks, Zhejiang Commercial Bank is a new addition [1] - The People's Bank of China and the National Financial Regulatory Administration plan to enhance macro-prudential management and micro-prudential supervision to ensure the safe and sound operation of systemically important banks [1] - The goal is to better support the high-quality development of the real economy [1]

Core Viewpoint - The Ministry of Commerce, Ministry of Finance, and State Taxation Administration have launched a prize invoice pilot program in 50 cities to stimulate consumer demand during the Spring Festival shopping season [1][10]. Group 1: Pilot Program Details - The pilot program will run for six months, from February to the end of July [9]. - The participating cities include four direct-controlled municipalities (Beijing, Tianjin, Shanghai, Chongqing), five separately planned cities (Dalian, Qingdao, Ningbo, Xiamen, Shenzhen), and 41 other cities [7]. - Eligible invoices must have a face value of at least 100 yuan, with a maximum prize of 800 yuan per invoice [5]. Group 2: Consumer Participation - Consumers can participate by uploading digital invoices of 100 yuan or more, which must be value-added tax ordinary invoices with the consumer's name and dated within the activity period [8]. - The prize invoice system has already been launched in various locations, with consumers expressing excitement over winning small amounts [1][3]. Group 3: Economic Impact - The prize invoice initiative aims to boost consumer spending across various sectors, including retail, dining, accommodation, and entertainment, thereby enhancing overall market activity [10]. - It serves as a universal incentive tool, unlike targeted consumption vouchers, allowing everyone to have a chance to win [10]. - The program is expected to improve tax compliance awareness among citizens, reinforcing the understanding that invoicing is both a consumer right and a merchant obligation [12].

重要新闻提示 6. 中国人民银行2月13日消息，为构建覆盖全面的宏观审慎管理体系，强化系统重要性金融机构监管， 根据《系统重要性银行评估办法》，近期中国人民银行、国家金融监督管理总局开展了2025年度我国系 统重要性银行评估，认定21家国内系统重要性银行，其中国有商业银行6家，股份制商业银行10家，城 市商业银行5家。 按系统重要性得分从低到高分为五组：第一组11家，包括中国民生银行、中国光大银行、平安银行、华 夏银行、宁波银行、江苏银行、北京银行、南京银行、广发银行、浙商银行、上海银行；第二组4家， 包括兴业银行、中信银行、浦发银行、中国邮政储蓄银行；第三组2家，包括交通银行、招商银行；第 四组4家，包括中国工商银行、中国银行、中国建设银行、中国农业银行；第五组暂无银行进入。 央行：1月末，社会融资规模同比增长8.2%，广义货币供应量（M2）同比增长9.0% 恒生指数成分股调整，宁德时代、洛阳钼业、老铺黄金被纳入 证监会对天风证券作出行政处罚及市场禁入事先告知 财经新闻 1. 中国人民银行2月13日发布2026年1月金融统计数据报告。数据显示，1月末，社会融资规模同比增长 8.2%，广义货币供应量（M2）同 ...

当地时间2月13日，美国劳工统计局公布的CPI数据显示当前通胀水平较为温和，推动市场对美联储6月降息的预期升温。受此影响，贵金属价格明显走 高。截至当日收盘，美国三大股指涨跌不一，大型科技股整体承压，国际油价小幅上行。 美股收盘涨跌不一 受通胀数据影响，当地时间2月13日，美国股市表现分化。Wind数据显示，截至当日收盘，三大股指涨跌不一，道指上涨0.1%，标普500指数上涨0.05%， 纳指下跌0.22%。 美国劳工统计局当日公布的数据显示，1月CPI环比上涨0.2%、同比上涨回落至2.4%。随着通胀压力边际缓解，根据芝商所（CME）美联储观察工具，市 场对美联储6月降息的预期有所增强。 大型科技股整体承压。万得美国科技七巨头指数下跌1.31%。其中，苹果、英伟达跌超2%，Meta、谷歌母公司Alphabet-C跌逾1%，亚马逊、微软小幅下 跌，特斯拉微涨0.09%。 降息预期推动贵金属价格走高 降息预期升温叠加避险需求回升，推动贵金属价格走高。截至北京时间6:03，伦敦金现货价格涨2.41%，报5042.808美元/盎司，盘中最高报5046.261美元/ 盎司；COMEX黄金期货价格涨2.3%，报5062 ...

美国劳工统计局当日公布的数据显示，1月CPI环比上涨0.2%、同比上涨回落至2.4%。随着通胀压力边际缓解，根据芝商所（CME）美联储观察工具，市 场对美联储6月降息的预期有所增强。 大型科技股整体承压。美国科技七巨头指数下跌1.31%。其中，苹果、英伟达跌超2%，Meta、谷歌母公司Alphabet-C跌逾1%，亚马逊、微软小幅下跌，特 斯拉微涨0.09%。 中概股走势分化。纳斯达克中国金龙指数下跌0.10%，中概科技龙头指数上涨0.14%。个股表现不一，小米集团-ADR、网易涨超2%，腾讯控股-ADR涨超 1%，美团-ADR、拼多多微涨；阿里巴巴跌超2%，京东集团、比亚迪（002594）股份-ADR跌超1%，百度集团跌0.99%。 降息预期推动贵金属价格走高 当地时间2月13日，美国劳工统计局公布的CPI数据显示当前通胀水平较为温和，推动市场对美联储6月降息的预期升温。受此影响，贵金属价格明显走 高。截至当日收盘，美国三大股指涨跌不一，大型科技股整体承压，国际油价小幅上行。 美股收盘涨跌不一 受通胀数据影响，当地时间2月13日，美国股市表现分化。数据显示，截至当日收盘，三大股指涨跌不一，道指上涨0.1%， ...

金融活水，唯沿产业经脉流淌，方能润泽实体经济之良田。一座现代化电厂的轰鸣，一条完整产业链的 贯通，离不开金融工具的全周期护航。长城证券正以产融协同为坚韧纽带，引导金融活水沿着清晰的产 业脉络，精准浇灌至国民经济最需要的地方，以实际行动诠释金融企业的赤诚。 党的二十届四中全会提出："坚持把发展经济的着力点放在实体经济上，坚持智能化、绿色化、融合化 方向，加快建设制造强国、质量强国、航天强国、交通强国、网络强国，保持制造业合理比重，构建以 先进制造业为骨干的现代化产业体系。"对此，王军有着深刻的理解：金融服务实体，精髓不在于大而 全的广撒网，而在于专而精的深耕作。这要求金融机构构建一个多元协同、功能互补的生态体系，也意 味着金融机构必须跳出同质化竞争的窠臼，在深耕产业中回归金融本源，释放专业价值的光芒。 "证券公司学习宣传贯彻党的二十届四中全会精神"系列报道 雄关漫道，星河璀璨。卅载风雨，铸就金融脊梁。自1995年于改革春潮中破土而生，长城证券便如一道 蜿蜒于资本市场的金融长城，以深圳为原点，将服务的血脉延伸至大江南北。 从首批综合类券商到深交所挂牌上市，其名"长城"，早已超越了地理符号，升华为一种深耕产业、固本 ...

Group 1 - The core idea of the articles revolves around the increasing integration of humanoid robots into daily life and festive activities, particularly during the upcoming Spring Festival in Wuhan, where these robots are prepared for various performances and interactions [1][2][3] Group 2 - The humanoid robots at the 光谷人形机器人7S store are designed not only for festive services but also for daily companionship, showcasing their versatility in engaging with consumers [2] - The store operates under a "7S" model, which includes sales, parts, after-sales, information feedback, solutions, displays, and training, enhancing the customer experience through interactive performances and robot rentals [2] - There is a notable demand for robot rentals and interactive experiences, especially during the festive season, with hundreds of consumers visiting the store daily for engagement [2] Group 3 - The trend of incorporating technology into the Spring Festival is not limited to humanoid robots but extends to a broader range of smart products, driven by government subsidies that encourage consumers to purchase smart home appliances [3] - Sales of smart cleaning devices, such as automatic window cleaners and air purifiers, have seen a significant increase of 55% since January 1, indicating a growing consumer preference for smart technology in household chores [3] - The integration of smart technology into daily life enhances convenience and interaction among family members, making household tasks more enjoyable and efficient [3]