专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 ...

Core Insights - The article discusses the high-quality development of public funds in Beijing, emphasizing the themes of a new era, new funds, and new value [1] Group 1: Industry Trends - The MACD golden cross signal has formed, indicating a positive trend in certain stocks [1]

Core Insights - The article discusses the high-quality development of public funds in Beijing, emphasizing the themes of a new era, new funds, and new value [1] Group 1 - The MACD golden cross signal has formed, indicating a positive trend for certain stocks [1]

专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 ...

Core Insights - The article discusses the high-quality development of public funds in Beijing, emphasizing the themes of a new era, new funds, and new value [1] Group 1 - The MACD golden cross signal has formed, indicating a positive trend for certain stocks [1]

Core Viewpoint - The A-share market is experiencing adjustments, with the dividend style showing strong performance amidst the fluctuations of major indices [1][5]. Market Performance - The S&P A-share Dividend Index rose by 0.49% on October 14, with a cumulative increase of 1.97% for the month [2][5]. - The performance of various indices shows a stark contrast, with the dividend indices (CSI Dividend and Shenzhen Dividend) gaining 2.13% and 1.12% respectively, while other indices like the ChiNext Index and the Innovation Index saw declines of up to 4.63% [2][5]. Investment Trends - There is a notable shift in capital from high-valuation sectors to low-valuation areas, indicating a "high-cut-low" trend that may accelerate, with the dividend sector likely to benefit significantly [5][8]. - Over 70% of the constituent stocks in the S&P A-share Dividend Index recorded positive returns, highlighting the strong earning effect of dividend assets [5][6]. Notable Stocks - Key performers among the top dividend stocks include: - Chongqing Rural Commercial Bank: +5.92% - Luzhou Laojiao: +4.20% - Xiamen Bank: +4.04% [6]. External Factors - The marginal recovery in foreign capital inflow and rising CDS spreads indicate increased foreign concerns regarding domestic assets [8]. - The current economic environment, characterized by declining social financing growth and negative CPI growth, suggests that the dividend advantage may be reestablished [8][9]. Historical Performance - The S&P A-share Dividend Index has shown resilience in turbulent markets, with a cumulative return of 2547.94% from 2005 to September 2025, and an annualized return of 17.73% [8][9]. - The index's dividend yield remains attractive at 5.14%, with characteristics of high dividends, low valuations, and liquidity premiums in small and mid-cap stocks [9][10]. Future Outlook - Multiple factors are expected to support the continued performance of dividend strategies, including policy support for enhanced dividend mechanisms and increased investor demand for stable cash flows amid global uncertainties [9][10].

Group 1 - The article highlights the performance of various ETFs, including A50ETF, A100ETF, and A500ETF, with specific focus on their market movements and upcoming listings [1][2] - The overall market performance shows a decline, with the Shenzhen Component Index down by 3.99% and the Shanghai Composite Index down by 2.54%, while the total trading volume reached 2.58 trillion yuan, an increase of 221.5 billion yuan from the previous day [1][2] - The article emphasizes the importance of the upcoming third-quarter earnings reports, particularly in the non-ferrous metals and chemical industries, where several companies have reported significant profit increases [2] Group 2 - The article mentions that investors should focus on companies with early earnings disclosures and those that exceed expectations, while also considering high-growth sectors and companies with reasonable valuations for potential investments [2] - The A50ETF, A100ETF, and A500ETF are presented as diversified investment options for investors looking to gain exposure to leading companies in China [2]

专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 推动投资者教育纳入国民教育，是践行公募基金行业普惠金融使命的重要工作，为进一步推动投教国民 教育不断取得新成效，工银瑞信投教基地积极响应中国证券投资基金业协会"一司一省一高校"专项行动 号召，9月15日，投教基地走进中国政法大学持续开展《SQL基础入门》校企合作课程，以金融技术教 育为抓手，丰富学生专业技能，搭建起校企协同育人的坚实桥梁。 课堂上，来自投教基地的讲师围绕"数据过滤及计算"专题展开授课。讲师以金融业务场景为切入点，剖 析数据过滤在投资分析、风险管控中的核心作用，教授通过SQL数据筛选技能提炼关键信息的步骤；在 计算方法讲解环节，结合收益率测算、资产配置比例核算等场景，详细讲解了如何通过SQL技术实现快 速准确的计算，从而提升工作效率。同学们在课堂上专注投入，主动进行提问交流，对SQL工具在金融 数据处理中的应用有了不少了解。在讲师的生动讲解下，学生们展现出对SQL技术浓厚的兴趣。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 此次校企合作课程的开展，既是工银瑞信投教基地践行投教责任的具体实践，也是校企协同培育金 ...

专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 在北京证监局指导下，北京证券业协会携手辖区公募机构启动"北京公募基金高质量发展系列活动"之 际，中邮基金以其从"规模导向"到"价值导向"的转型之路，成为这一主题的生动实践者。这场转变不仅 关乎业绩考核，更涉及投研体系、产品结构和公司文化的全面重塑，彰显了中邮基金在行业变革中的积 极探索。 一、重塑考核机制，专注长期价值 在基金行业，短期业绩排名曾让不少基金经理陷入焦虑。中邮基金总经理张志名坦言："长周期考核是 行业必答题，它让基金公司跳出短期排名焦虑，回归为投资者创造长期价值的初心。" 中邮基金对投研激励机制进行重构，将"三到五年业绩稳定性"、"投资者长期留存率"、"风险控制达标 率"纳入核心考核指标，权重超过短期业绩。这一变革让投研团队不再纠结单季度排名，转而聚焦"产品 穿越多个市场周期仍稳健盈利"的能力。 考核导向的改变深刻影响了团队的操作逻辑。团队现在更关注"债券底仓久期匹配"、"权益增强部分长 期价值"，而非短期收益。一位固定收益部基金经理表示："筛选投资标的时，我们会从企业长期偿债能 力、行业韧性等长期维度出发，而非只看短期收益率。" 二 ...

Group 1 - The A-share market experienced a significant adjustment, with the ChiNext Index dropping by 4.55% and the STAR 50 Index falling by 5.61, marking the second-highest decline of the year [1] - The total trading volume in the A-share market was 2.53 trillion yuan, a decrease of 140 billion yuan compared to the previous trading day [1] - The technology sector faced a collective adjustment, with notable declines in the electronic, power equipment, and computer industries, while the building materials, coal, and textile sectors saw gains [1] Group 2 - The adjustment in the technology sector may be influenced by several factors, including changes in margin trading policies, high price-to-earnings ratios affecting market sentiment, and increased market leverage risks, with the latest margin balance reaching 2.42919 trillion yuan, a record high [1] - The market is expected to maintain a volatile pattern in the short term, with the upcoming third-quarter earnings reports becoming a focal point for investors [2] - The "14th Five-Year Plan" policy window is approaching, which may significantly impact market themes, with optimism surrounding industries benefiting from this plan, such as quantum technology and controllable nuclear fusion [2] Group 3 - The recent launch of the "Beijing Public Fund High-Quality Development Series Activities" aims to enhance investor education and protection, promote the transformation of the public fund industry, and improve its service capabilities for the real economy [2]