中国基金报

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逆袭!创十年新高
中国基金报· 2025-08-08 06:30
Core Viewpoint - The convertible bond market in China has reached a ten-year high, leading to impressive performance from convertible bond funds, with over ten thematic funds achieving a net value growth rate exceeding 15% this year, and the top performer reaching nearly 25% [2][6]. Market Performance - As of August 7, the China Convertible Bond Index peaked at 469.56 points, marking a 12.74% increase year-to-date [4]. - The top-performing convertible bond funds include: - Southern Changyuan Convertible Bond A with a performance of 24.78% this year [6]. - Other notable funds such as Bosera Convertible Bond Enhanced A, Oriental Convertible Bond A, and others have growth rates around 20% [6][7]. Fund Manager Insights - Fund managers attribute the strong performance of convertible bonds to a combination of a favorable interest rate environment and strong market support, which provides a high margin of safety [8]. - The market is expected to maintain a solid bottom, enhancing the holding experience for convertible bonds [8]. Future Outlook - Managers suggest that convertible bond valuations are unlikely to drop to the lows seen in Q3 2024, with expectations of trading within a higher valuation range over the next 3-4 years [10]. - Opportunities are identified in low-priced convertible bonds, with a focus on sectors like technology and new consumption as market conditions evolve [10][11]. - The convertible bond market is anticipated to experience three phases: price recovery of low-priced bonds, balanced valuation expansion, and eventual high volatility and high returns [10].
火爆!获大举加仓
中国基金报· 2025-08-08 06:30
Group 1 - The core viewpoint of the article highlights the continuous inflow of funds into the Hong Kong stock market, particularly through ETFs, while broad-based ETFs are experiencing significant outflows [2][3][4]. - On August 7, the overall stock ETF market showed active performance, with a net outflow of 31.7 billion yuan, indicating that some investors opted to "take profits" amid market fluctuations [4][6]. - The Hong Kong stock market ETFs saw a net inflow of 27.16 billion yuan on the previous trading day, with over 45 billion yuan flowing into the Hang Seng Technology Index over the past five days [4][5]. Group 2 - Specific sectors that attracted the most net inflows included Hong Kong pharmaceuticals, internet, and technology, with net inflows of 16 billion yuan, 5.7 billion yuan, and 4.8 billion yuan, respectively [4][5]. - The top-performing ETFs in terms of fund flow on August 7 included the Hong Kong Innovative Drug ETF with 7.41 billion yuan, the Hong Kong Internet ETF with 4.20 billion yuan, and the Medical Device ETF with 3.62 billion yuan [5][6]. - Conversely, broad-based ETFs experienced a net outflow of 58.65 billion yuan, with the ChiNext 50 ETF leading the outflows at -9.23 billion yuan [7][8][9]. Group 3 - The article notes that despite short-term market volatility, long-term expectations for a "slow bull" market remain positive, suggesting that the current market adjustment is a result of profit-taking and changing expectations [10].
抖音回应“周口邵医生坠楼身亡”:平台正积极配合有关部门调查
中国基金报· 2025-08-08 05:07
Core Viewpoint - The incident involving Dr. Shao from Zhoukou Sixth People's Hospital highlights the severe impact of online violence and the need for platforms to enhance their content governance and user protection measures [2][3][4] Group 1: Incident Overview - Dr. Shao's death has raised public concern, particularly regarding the online harassment she faced from individuals involved in three medical disputes [2] - A total of 15 accounts related to the medical disputes were identified, which posted 89 videos and 962 comments about the disputes, with a significant portion violating platform rules [2][3] Group 2: Platform Response - The platform conducted a review of Dr. Shao's complaints, finding 48 infringement reports, with 32 deemed successful, resulting in the removal of 19 pieces of content [3] - Over an 8-month period, Dr. Shao's account received over 10,900 comments, mostly positive, but 60 were identified as hostile, with 51 being removed shortly after posting [3] Group 3: Future Measures - The platform is committed to improving its governance of online violence and has introduced features like "one-click anti-harassment" to protect users [4] - Continuous optimization of service capabilities is planned to provide stronger support for victims of online violence, reinforcing the platform's commitment to a safe and trustworthy environment [4]
中证协发文,新标准来了!
中国基金报· 2025-08-08 05:07
作为一项新的运维规范,《标准》与 其他运维 标准 具有明显 差异。 比如 在编写过程中有 接近20 家 同业专家参与编写,引导行业 通过 数字化手段重塑现有运维保障场景。同时,建 立可度量的稳定性评价要素,如"故障监控发现率""自动化发布率""恢复能力达标率"等量化 指标,并形成闭环改进机制。 行业存在四大关键痛点 证券市场交易连续性要求高,集中交易、手机证券、投资交易等交易系统若出现异常,将直 接影响投资者权益与市场秩序。 【导读】中证协拟制定新标准,提升证券行业信息系统稳定性 见习记者 舍梨 记者近日获悉, 中国证券业协会(以下简称中证协)制定了《证券行业信息系统稳定性保障 体系标准》(以下简称《标准》),正在向各大券商征求意见。 中证协 表示, 经过多年实践,券商在系统稳定性管理方面已积累一定实践经验,如建立变更 管控、故障应急、应急演练、监控告警机制等,但随着分布式架构、微服务等技术的深度应 用,系统架构复杂度呈指数级提升,传统被动运维模式已难以适应业务需求, 亟需建立 主动 的、数智化的稳定性保障体系。 中证协指出,当前行业存在四大痛点:一是稳定性保障未将架构韧性设计嵌入系统开发阶 段,且系统可运维 ...
又一券商研究所,将迎新所长!
中国基金报· 2025-08-08 03:29
Group 1 - The core viewpoint of the article highlights the ongoing reshuffling of management in securities research institutions, with notable appointments such as Xie Honghe, former deputy director of Zhongtai Securities Research Institute, becoming the director of Changcheng Securities Research Institute [2][7]. - Xie Honghe has over ten years of experience in the non-ferrous metals industry and has previously worked with several prominent securities firms, indicating a strong background in industry research [2][5]. - Zhongtai Securities has faced significant pressure, with commission income for 2024 expected to drop to 271 million yuan, a year-on-year decline of 44.30%, leading to a drop in industry ranking from 13th to 18th [5][6]. Group 2 - In response to the declining commission income, Zhongtai Securities plans to adapt to new public fund regulations by enhancing industry research and developing a diversified business model [5]. - The first quarter of 2025 saw Zhongtai Securities report a net commission income of 1.71 billion yuan, a substantial increase of 19.53% year-on-year, indicating some recovery in performance [6]. - Other securities firms, including Guotou Securities and Haitong Securities, have also experienced management changes, reflecting a broader trend of restructuring within the industry [8][9].
外交部回应:不要玩火!
中国基金报· 2025-08-08 03:29
问: 据报道,菲律宾领导人访问印度期间接受采访时称,如果中美在台湾问题上发生对抗,菲律 宾不可能置身事外,这完全是由菲地理位置决定。如(台海)发生全面战争,菲律宾势必会被卷 入其中。我们将不得不保卫自身领土和主权。此外,台湾有大量菲公民,(如果台海发生战争) 这将立即成为一个人道主义问题,我们将不得不介入,设法将菲公民接回国内,这是我们最关切 的问题。我们将调动一切资源撤离在台菲公民,这不是一件小事。请问中方有何评论? 答:世界上只有一个中国,台湾是中国不可分割的一部分。台湾问题是中国的内政,是中方核心 利益中的核心。如何解决台湾问题是中国人自己的事,不容他人置喙。 菲律宾政府曾对中方作出郑重承诺,"坚持一个中国政策,承认台湾是中国领土不可分割的一部 分,理解中国政府为实现国家统一所作的努力"。菲律宾领导人也曾向中方明确表示" 菲律宾坚定 奉行一个中国政策,台湾问题纯属中国内政,必须由中国人自己解决"。这些话言犹在耳、白纸黑 字,菲方当前却在自食其言,罔顾后果,持续采取错误和挑衅言行,持续虚化掏空一个中国原 则,持续损害中菲关系。中方对此坚决反对,中国外交部和中国驻菲律宾使馆已就此向菲方提出 严正交涉。 需要 ...
一则大消息,20%涨停!
中国基金报· 2025-08-08 03:29
Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index down by 0.01% and the Shenzhen Component Index up by 0.01% as of the morning of August 8 [3][4] - The commercial aerospace sector continues to show strength, while the brain-computer interface sector is experiencing fluctuations [5][9] Sector Performance - The commercial aerospace concept stocks maintained their strong performance, with notable gains in satellite internet, wind power generation, and brain-computer interface sectors [5][6] - The AI application sectors, including intelligent systems, internet, and software, are undergoing adjustments with collective declines [5][6] Notable Stocks - In the commercial aerospace sector, stocks such as Aerospace Intelligent Equipment and Aerospace Science & Technology reached their daily limit up, with gains of 20% and 10.03% respectively [10][11] - The brain-computer interface sector saw significant increases, with Sino Medical achieving a 20% limit up [16][17] Policy and Future Outlook - The Ministry of Industry and Information Technology and six other departments issued guidelines to promote the brain-computer interface industry, setting development goals for 2027 and 2030, and outlining five key tasks and 17 specific measures [18] - The brain-computer interface technology is in a period of rapid transformation, with expectations for significant market expansion as domestic companies move towards commercialization [18] Hong Kong Market - The Hong Kong market saw all three major indices decline, with notable drops in stocks like SMIC and Kingdee International, both falling over 4% [7][8]
外资巨头,集体发声!
中国基金报· 2025-08-08 02:34
【导读】多家外资巨头唱多中国:"此乃参与中国市场绝佳时机" 中国基金报记者 格林 近日,瑞银资产管理中国股票主管施斌撰文表示,此乃参与中国市场的绝佳时机。近期,美国万亿资管巨头资本集团、管理规模为8457亿 美元的美国巨头Federated Hermes也发表文章表达了对中国科技的乐观看法。 瑞银资产管理施斌: "此乃参与中国市场绝佳时机" 瑞银资产管理中国股票主管施斌在一篇题为"关注中国股票市场的复兴(Watching for a renaissance in China equities)"的文章中表 示,复杂的经济前景、审慎的投资者心态和政府的支持,三者结合为股市创造了有利条件。施斌写道,"在我们看来,当前的时机非常有 利,此乃参与中国市场的绝佳时机"。 施斌说,全球机构投资者对中国市场的信心有所回升。其中,专注于新兴市场的投资者信心回升尤其明显。尽管如此,国际资本流入相对 缓慢。截至目前,国际投资者对重新进入中国市场仍心存犹豫。他认为背后的原因包括,刺激消费的广泛结构性改革需求仍未得到满足, 房地产市场尚待企稳。尽管面临挑战,但这不应成为阻止投资者考虑中国市场的原因。 施斌认为,零售投资者尚未大规模回 ...
重磅来了,最高法发文!
中国基金报· 2025-08-08 02:34
8月8日,最高人民法院发布关于贯彻落实《中华人民共和国民营经济促进法》的指导意见,进一步细化 裁判规则,健全完善工作机制,致力解决实际问题,确保法律正确实施、统一适用。 指导意见从总体要求、依法平等对待、引导守法规范经营、严格公正司法、健全公正司法体制机制等五 个方面,提出了深入贯彻落实民营经济促进法、促进民营经济健康发展的25条内容。旨在破解民营经济 发展中面临的难题,为民营经济健康发展提供更加有力的法治保障。 来源:新华社 贯彻落实民营经济促进法 最高法最新发文 ...
涉嫌内幕交易!这一A股董事长、财务总监被罚
中国基金报· 2025-08-08 01:30
Core Viewpoint - The chairman and CFO of Nanwei Co., Ltd. have been penalized for insider trading, with fines totaling nearly 50 million yuan due to their actions during a sensitive period of insider information [2][4][6]. Group 1: Insider Trading Incident - On August 7, Nanwei Co., Ltd. announced that its controlling shareholder and chairman, Li Ping, along with CFO Xiang Qinhua, received an administrative penalty notice from the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission [4]. - The investigation revealed that Li Ping and Xiang Qinhua engaged in insider trading during the sensitive period from March 1 to April 28, 2023, selling a total of 818.4 million shares for approximately 47.97 million yuan, resulting in a profit of about 11.78 million yuan after taxes [5][6]. - The regulatory authority has proposed to confiscate illegal gains and impose fines: Li Ping faces a confiscation of 11.78 million yuan and a fine of 35.33 million yuan, while Xiang Qinhua faces a confiscation of 101,700 yuan and a fine of 150,000 yuan [6]. Group 2: Company Financial Performance - Nanwei Co., Ltd. is expected to report a net loss of 12 to 16 million yuan for the first half of 2025, attributed to rising raw material costs and constraints on product orders due to international trade policies and geopolitical factors [11]. - As of August 7, the company's stock price was 6.81 yuan per share, with a total market capitalization of 2 billion yuan [11]. Group 3: Company Overview - Nanwei Co., Ltd. specializes in the research, production, and sales of transdermal products, medical adhesive tapes, bandages, sports protection products, first aid kits, and nursing products, with key products including adhesive bandages and topical agents [8].