Core Viewpoint - In the first half of 2025, companies listed on the ChiNext board achieved significant improvements in operating performance, with total revenue exceeding 2 trillion yuan and net profit surpassing 150 billion yuan, marking year-on-year growth rates of over 9% and 11% respectively, leading the A-share market [2][4]. Group 1: Overall Performance - ChiNext companies reported total revenue of 2.05 trillion yuan, with an average revenue of 1.48 billion yuan, reflecting a year-on-year increase of 9.03% [4]. - The total net profit reached 1505.42 billion yuan, with an average net profit of 1.09 billion yuan, showing a year-on-year growth of 11.18% [4]. - Over 70% of ChiNext companies were profitable, with more than half experiencing year-on-year net profit growth, an increase of 4.86 percentage points compared to the previous year [4]. - In Q2 2025, ChiNext companies achieved total revenue of 1.10 trillion yuan, a quarter-on-quarter increase of 14.95%, and total net profit of 788.20 billion yuan, up 9.90% quarter-on-quarter [4]. Group 2: Key Growth Areas - ChiNext companies are actively integrating into the broader economic development landscape, focusing on innovation-driven strategies in advanced manufacturing, digital economy, and green low-carbon sectors, with over 800 listed companies in these areas [6]. - In the first half of 2025, these three key sectors collectively generated revenue of 1.34 trillion yuan, a year-on-year increase of 9.87%, and net profit of 1139.19 billion yuan, up 15.90% [6]. - The green low-carbon sector showed strong performance, with over 190 companies achieving revenue of 507.35 billion yuan, a year-on-year increase of 10.85%, and net profit of 496.99 billion yuan, up 25.55% [6]. - The digital economy sector, with over 300 companies, reported revenue of 3709.48 billion yuan, a year-on-year increase of 8.66%, and net profit of 292.15 billion yuan, up 40.03% [7]. - The advanced manufacturing sector saw revenue of 4611.34 billion yuan, a year-on-year increase of 9.79% [7]. Group 3: Highlights of Performance - The top 100 companies on the ChiNext board achieved revenue of 9372.31 billion yuan, a year-on-year increase of 14.59%, and net profit of 1024.54 billion yuan, up 21.56% [9]. - Overseas revenue for ChiNext companies grew significantly by 21.26%, with notable increases in the electronics and communication sectors [9][10]. - Various industries showed strong performance, with consumer electronics, automotive, and small appliances experiencing net profit growth of 16.80%, 9.57%, and 21.94% respectively [10]. - Research and development expenditures totaled 949.89 billion yuan, a year-on-year increase of 5.35%, with 188 companies spending over 100 million yuan on R&D [10][11]. - Long-term asset investments by ChiNext companies reached 1822.32 billion yuan, reflecting a year-on-year increase of 9.43%, indicating a recovery in investment expansion willingness [11].

Core Viewpoint - The article highlights the significant investments made by Zhang Jianping in humanoid robots, AI sectors, and new energy, with a total holding value of approximately 5.096 billion yuan across nine A-share listed companies as of June 30 this year [2] Group 1: Investment Focus - Zhang Jianping has heavily invested in the AI industry chain, humanoid robots, and new energy sectors, with notable stock performances exceeding 200% and 100% year-to-date [2][4] - The stocks that Zhang Jianping has newly acquired in Q2 include Zhejiang Rongtai, Rongtai Co., Longxi Co., and others, which have shown significant price increases [5][9] Group 2: Stock Performance - Zhejiang Rongtai, with a holding of 1,091.26 million shares valued at 5.05 billion yuan, has seen a price increase of over 287% this year, with a nearly 87% rise in Q3 alone [5][11] - Rongtai Co. has also performed well, with a year-to-date increase of approximately 196% [9] - Longxi Co. has been involved in the humanoid robot sector and has experienced a price increase of around 195.64% this year [9] - Hanwei Technology, another stock in Zhang's portfolio, has increased by over 154% year-to-date [13] Group 3: AI Sector Investments - Zhang Jianping's major investment in the AI sector is represented by Cambricon Technologies, which has a holding value of 36.61 billion yuan and has seen a stock price increase of 196.81% in a short period [16][20] - Cambricon Technologies reported a significant revenue increase of 4,347.82% year-on-year, achieving a net profit of 1.038 billion yuan, marking a turnaround from losses [20] - The company Huibo Yuntong, also part of Zhang's investments, has seen a price increase of approximately 155% this year, with a notable acquisition planned to enhance its AI capabilities [20]

Core Viewpoint - Kraft Heinz announced a split into two independent publicly traded companies to accelerate profit growth, with Berkshire Hathaway as the largest shareholder holding approximately 28% [2][16]. Group 1: Company Split Details - The split will occur through a tax-free separation, creating two new companies whose names will be announced later [4][7]. - The first company, Global Taste Elevation Co, will focus on sauces, condiments, and ready-to-eat meals, with projected sales of nearly $15.4 billion in 2024, 75% of which will come from condiment sales [9]. - The second company, North American Grocery Co, will concentrate on North American grocery business, including products like Oscar Mayer hot dogs and Lunchables, with projected sales of approximately $10.4 billion in 2024 [9]. Group 2: Rationale Behind the Split - The split aims to simplify the business structure, enhance brand resource allocation, and improve profitability in response to ongoing performance pressures and industry changes [9][13]. - The complexity of Kraft Heinz's business has hindered its performance, making it difficult to focus on individual brands effectively [10][11]. - The separation will allow high-growth and cash flow businesses to operate independently, enabling investors to make targeted investments based on their preferences [12]. Group 3: Historical Context - The merger of Kraft and Heinz was initiated by Warren Buffett's Berkshire Hathaway in 2013, leading to the creation of the fifth-largest food and beverage company globally [15]. - Since its peak market value of over $100 billion in 2017, Kraft Heinz's market value has decreased by approximately 70% due to changing consumer preferences for healthier and more cost-effective food options [15].

Global Market Overview - European stock markets experienced significant declines, with the German stock market dropping approximately 2% and other major indices falling around 1.5% [4] - Upon opening, the US stock market saw the Dow Jones Industrial Average drop over 500 points, while the Nasdaq and S&P 500 indices fell more than 1% [5] - Technology stocks faced a collective downturn, with notable declines in major companies such as Micron Technology (-3.32%), Arm (-3.10%), Qualcomm (-2.96%), and Nvidia (-2.43%) [6][7] Bond Market Reaction - The bond market also faced sell-offs, with the 30-year US Treasury yield rising by 6 basis points to 4.99%, and UK government bond yields reaching their highest levels since 1998 [9] - The UK raised £10 billion in a record bond auction, highlighting the pressure to address a growing fiscal deficit, with the British pound declining nearly 1.5% [12] - German 30-year bond yields increased by 4 basis points to 3.40%, while French 30-year bond yields rose by 5 basis points to over 4.50%, marking the highest level since 2011 [15] Currency Market Dynamics - Amidst the global market downturn, investors shifted towards safe-haven assets, leading to the US dollar recording its largest single-day gain in a month [18] - The dollar index rose by 0.8%, marking its biggest intraday increase since July 30 [19] - Market sentiment was influenced by the precarious budget situation in the UK and potential political instability in Japan, prompting traders to seek the relative stability of the US dollar [21]

【导读】涉嫌购买违法保健品，三得利CEO辞职 中国基金报记者 晨曦 涉嫌购买违法保健品，三得利CEO辞职！ 9月2日，三得利控股集团官网发布消息称，新浪刚史已经辞去董事长、首席执行官的职务，自9月1日起生效。公司对因此事给客户及其他 利益相关方带来的担忧与不便深表歉意。 三得利称，8月22日，公司收到新浪刚史的报告，称其正接受警方调查。鉴于此事涉及严重的治理问题，公司立即委托外部法律顾问对其进 行约谈。在约谈中，他解释称，此次调查涉及他基于"所购产品合法"的理解而购买的保健品。 鉴于此事尚在调查中，公司认为上述保健品的合法性应由有关部门最终判定。但对于三得利集团的最高管理层而言，严格遵守法律法规是 根本要求，在购买保健品时保持应有的审慎是必备素养。 因此，三得利认为，无需等待调查结果，新浪刚史的行为已显示出其对保健品缺乏应有认知，使其无法继续担任代表董事、董事长兼首席 执行官这一关键职务。 三得利称，经与新浪刚史沟通，其因个人原因提出辞去上述职务，公司已接受其辞职申请，该决定自9月1日起生效。需特别说明的是，新 浪刚史所购买的保健品并非三得利集团的产品。 据日媒报道，相关人士透露，新浪刚史因获取在日本存在违法 ...

Core Viewpoint - China National Petroleum Corporation (CNPC) plans to transfer 0.3% of its shares (541,202,377 shares) to China Mobile Group without compensation, aiming to deepen strategic cooperation and optimize the shareholding structure [1][3][4]. Group 1 - Before the transfer, CNPC held 82.46% of the shares; after the transfer, this will decrease to 82.17%, while China Mobile's stake will increase from 0.10% to 0.39% [3]. - The transfer is intended to achieve complementary advantages and does not involve a takeover bid or change in the controlling shareholder [4]. - The transfer agreement has been signed but requires approval from the State-owned Assets Supervision and Administration Commission and completion of share transfer registration [5].

Core Viewpoint - The article discusses the resignation of Wang Hui, the Deputy General Manager of Xinyuan Fund, who has transitioned to a senior specialist role within the company due to work arrangements. This change reflects the ongoing adjustments in the management structure of the fund [2][4]. Company Overview - Xinyuan Fund was established in August 2013, initiated by Nanjing Bank and Nanjing Gaoke Co., Ltd., with a registered capital of 1.7 billion RMB and headquartered in Shanghai [6]. - As of the end of Q2 2023, Xinyuan Fund's total asset scale reached 211.784 billion RMB, with over 60% in bond funds and over 30% in money market funds [2][8]. Management Changes - Wang Hui has been with Xinyuan Fund since its inception, serving in various roles including Chief Marketing Officer and Assistant General Manager before becoming Deputy General Manager in April 2016. He has held the Deputy General Manager position for over nine years [6][8]. - The current management team includes Long Yi as Chairman, Yu Jingliang as General Manager, and Li Xiaoyan as Chief Supervisor, with three Deputy General Managers: Wu Ju, Zhang Pengfei, and Yang Xiaoyu [6][7]. Fund Performance and Structure - Xinyuan Fund's asset net value has significantly increased from 89.704 billion RMB in mid-2022 to 211.784 billion RMB by mid-2023, improving its industry ranking from 55th to 36th [8]. - The fund's product structure shows that 54 bond products account for 64.6% of the total scale, while 2 money market funds make up 33.85%. Together, these two categories represent over 98% of the total fund scale [9]. - The growth in management scale is primarily driven by the expansion of fixed-income products, with bond fund scale increasing by 76.729 billion RMB and money market fund scale rising by 44.046 billion RMB since mid-2022 [9]. New Fund Initiatives - In the second half of the year, Xinyuan Fund launched 9 new funds, including 1 FOF, 3 mixed funds, and 5 index equity funds. The company aims to enhance its passive investment capabilities while consolidating its active management strengths [10].

【导读】金价迭创新高，黄金主题ETF年内 资金净流 入超580 亿元 中国基金报记者 曹雯璟 金价迭创新高！ 黄金主题ETF年内 " 吸金 " 超580 亿元 Wind数据显示，截至 9 月 1 日，市场上黄金主题基金年内单位净值增长率均为正，平均值为 37.68 %。其中，永赢 、 华夏 、 工银瑞信 、 国泰 、 华安 、 平安基金 旗下黄金股ETF 产品年内单位净值增长率 在60%～66%区间不等，其中，永赢黄金股ETF以65.28%年内业 绩暂列第一。 9月2日盘中，伦敦现货黄金价格最高一度升至3508.69美元/盎司，COMEX黄金期货价格最高涨至3578.4美元/盎司，续刷历史新高。截 至发稿，国际金价略有回调。 今年以来， 黄金主题基金表现亮眼，最牛业绩超65%。此外，黄金主题ETF今年以来 资金净流 入超580 亿元，规模合计超1600亿元，较 去 年 年末 增长 超126%。 业内人士表示，当前高利率叠加高债务导致美国政府债务利息成本极高，美债和美元信用危机仍存，央行购金延续，黄金或仍在新周期的 路上。 | < w | 伦敦金现 | | | | | Q | | --- | --- | --- ...

中国基金报记者 郭玟君 【导读】阿曼 500亿美元主权投资基金组团到访深圳，拟加强科技与金融合作 9月2日，深圳市金融办组织到访深圳的阿曼苏丹国（以下简称 阿曼） 政府金融系统代表团，与深圳市多个政府部门及企业举行座谈会，双 方一致认为，阿曼与深圳在高科技产业及金融领域的合作空间广阔。 阿曼 政府金融系统代表团成员分别来自阿曼投资局 (OIA)、玛氏发展与投资基金(MDI)、阿曼金融服务局(FSA)、马斯喀特证券交易所 (MSX)、马斯喀特清算所(MCD)、雅宝资管(Jabal)。 座谈会上，深圳市投资促进局、深圳市商务局、深圳市贸促会相关负责人介绍了深圳市营商环境、企业出海、交流互访机制情况。深圳市 人工智能产业办、深圳市新能源汽车产业办、深圳市医药和医疗器械产业办相关负责人介绍了深圳市相关产业发展政策、科技创新成果及 对外合作意向。深创投和深圳市福田区相关负责人分别介绍了深圳市基金发展情况。 版权声明 《中国基金报》对本平台所刊载的原创内容享有著作权，未经授权禁止转载，否则将追究法律责任。 授权转载合作联系人：于先生（电话：0755-82468670） 编辑：江右 校对：乔伊 制作：小茉 审核：陈墨 据阿 ...

【导读】雀巢集团任命Philipp Navratil接替傅乐宏为集团新任首席执行官 中国基金报 综合整理 雀巢官网、华尔街见闻等 私下大搞办公室恋情？雀巢集团CEO被解雇！ 9月2日，雀巢集团官网消息显示，雀巢集团董事会任命Philipp Navratil接替傅乐宏为集团新 任首席执行官。 据介绍，傅乐宏的离任源于一项调查，该调查发现他与直接下属存在未公开的恋爱关系，违 反了雀巢的《商业行为准则》。 来看详情—— 雀巢集团原CEO傅乐宏被解雇 傅乐宏的离任源于一项调查，调查发现他与直接下属存在未公开的恋爱关系，违反了雀巢的 《商业行为准则》。根据最佳公司治理实践，董事会委托董事会主席保罗•薄凯（Paul Bulcke）和首席独立董事Pablo Isla在独立外部律师的支持下监督调查。 据外媒报道，相关调查是在今年春季开始的，当时雀巢的内部投诉系统"Speak Up"收到了多 份举报，反映了关于傅乐宏与一名同事的个人关系。员工们对潜在的利益冲突和偏袒问题表 达了担忧。雀巢曾表示，这些指控"缺乏根据"。 然而，随着内部投诉的持续，雀巢董事会随后决定在外部律师的协助下启动新一轮调查。据 悉，涉事的女性目前已不再在雀 ...