Group 1 - The core trend observed in the second quarter of 2025 is that many prominent fund managers are increasing their positions in the innovative drug sector, indicating a growing interest in this area [1] - Yongying Fund's Gao Nan reported that the total scale of the funds he manages reached 15.326 billion yuan, a significant increase of nearly 3.5 billion yuan compared to the end of the first quarter [2] - Several funds managed by Gao Nan achieved net value growth exceeding 10%, ranking among the top in their category, showcasing a dual increase in performance and scale [2] Group 2 - The top ten holdings of Gao Nan's flagship fund, Yongying Ruixin, saw significant adjustments, with new additions from the communication equipment sector and innovative drug companies [3] - Major new holdings include companies like ZTE and Innovent Biologics, while positions in BYD and Ninebot were exited [3][4] - The three main investment directions for Gao Nan's funds are communication (TMT), innovative drugs, and light manufacturing, reflecting a clear structural adjustment in response to market themes [4] Group 3 - Gao Nan emphasizes stock selection based on company growth potential and earnings realization, aiming to reduce industry concentration while capturing growth opportunities [5] - The Yongying Technology Driven Fund plans to increase exposure to the artificial intelligence supply chain and reallocate in defense and biomedicine sectors [5] - Gao Nan expresses cautious optimism for the second half of the year, noting improved liquidity conditions and a strong financial risk prevention system established by the government [5] Group 4 - Ruiyuan Fund's Fu Pengbo also significantly increased allocations to the pharmaceutical sector, particularly in innovative drugs, during the second quarter [6] - The Ruiyuan Growth Value Mixed Fund reached a scale of 18.666 billion yuan, with a net value growth rate of 5.80%, outperforming its benchmark by 4.13 percentage points [6][7] - Fu Pengbo's portfolio is heavily weighted towards electronics, internet technology, precision manufacturing, and pharmaceuticals, with a stock position exceeding 92% [7] Group 5 - Fu Pengbo's strategy involves increasing holdings in the pharmaceutical sector, covering innovative drugs and traditional medicine benefiting from AI, while reducing exposure to traditional energy companies [10] - He plans to closely monitor mid-year reports from listed companies and seek industries and companies with rising prosperity [11] - Both Gao Nan and Fu Pengbo share a focus on innovative drugs, providing investors with a reference point for market trends and industry movements [11]

数据统计显示，中证华夏AH经济蓝筹股票指数近一个月上涨4.22%，近三个月上涨5.08%，年至今上涨 7.55%。 据了解，中证华夏AH经济蓝筹股票指数从内地市场证券以及符合港股通资格的香港证券中分行业选取 一定数量财务基本面良好的蓝筹证券作为指数样本，行业权重根据各行业对国民经济的贡献度进行分 配，行业内样本根据财务基本面综合得分加权，以综合反映国民经济产业结构变迁及发展趋势。该指数 以2004年12月31日为基日，以1000.0点为基点。 金融界7月21日消息，上证指数高开高走，中证华夏AH经济蓝筹股票指数 (AH经济蓝筹，931134)上涨 1.34%，报6608.46点，成交额4256.15亿元。 从指数持仓来看，中证华夏AH经济蓝筹股票指数十大权重分别为：腾讯控股（11.45%）、阿里巴巴-W （9.79%）、建设银行（2.49%）、牧原股份（2.32%）、中国移动（2.23%）、温氏股份（2.03%）、中 国建筑（1.91%）、中国中铁（1.39%）、美团-W（1.39%）、中国平安（1.11%）。 从中证华夏AH经济蓝筹股票指数持仓的市场板块来看，上海证券交易所占比39.78%、香港证券交易所 ...

金融界7月21日消息，上证指数高开高走，中证港股通TMT主题指数 (港股通 TMT，931026)报4552.41 点。 数据统计显示，中证港股通TMT主题指数近一个月上涨8.48%，近三个月上涨20.88%，年至今上涨 33.64%。 从中证港股通TMT主题指数持仓样本的行业来看，通信服务占比55.47%、信息技术占比44.53%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。如果香港市场新上市TMT企业市值在香港上市公司中排名前十并纳入港股通范围，将在其 纳入港股通范围后第十一个交易日快速纳入该指数中。样本公司发生收购、合并、分拆等情形的处理， 参照计算与维护细则处理。当港股通范围发生变动导致样本不再满足港股通资格时，将进行相应调整。 本文源自：金融界 作者：行情君 据了解，中证港股通TMT主题指数从港股通范围内选取50只TMT主题领域的上市公司证券作为指数样 本， ...

近期份额规模变动情况： 日期期间申购（亿份）期间赎回（亿份）期末总份额（亿份）期末净资产（亿元）净资产变动率2025- 06-300.000.010.020.02-24.80%2025-03-310.000.000.020.02-2.54%2024-12-310.000.020.020.02-47.96%2024- 09-300.000.020.040.04-27.77% 数据显示，该基金近3个月收益率18.16%，近一年收益率49.93%，成立以来收益率为68.16%。其股票持 仓前十分别为：腾讯控股、泡泡玛特、赤子城科技、中芯国际、阿里巴巴-W、中国移动、网易-S、老 铺黄金、卓越教育集团、易鑫集团，前十持仓占比合计51.53%。 天眼查商业履历信息显示，南方基金管理股份有限公司成立于1998年3月，位于深圳市，是一家以从事 商务服务业为主的企业。注册资本36172万人民币，法定代表人为周易。 本文源自：金融界 截至2025年6月30日，南方基金旗下南方港股数字经济混合发起(QDII)A（019265）期末净资产0.49亿 元，比上期增加2.24%，该基金经理为熊潇雅。 简历显示，熊潇雅女士:中国国籍,研 ...

Core Insights - The AI Fund Huatai-PineBridge Dividend Smart Selection Mixed Fund A (021515) reported a profit of 675,500 yuan for Q2 2025, with a weighted average profit per fund share of 0.0654 yuan [3] - The fund's net asset value (NAV) growth rate for the reporting period was 6.4%, and as of the end of Q2, the fund size was 11.4554 million yuan [3] - The fund manager indicated a high position operation throughout the reporting period, with a focus on high-dividend Hong Kong stocks and low-volatility sectors like banking and transportation [3] Fund Performance - As of July 18, the fund's three-month cumulative NAV growth rate was 10.38%, ranking 325 out of 615 comparable funds [4] - The six-month cumulative NAV growth rate was 12.76%, ranking 235 out of 615 comparable funds [4] - The fund's Sharpe ratio since inception was 0.1788 as of June 27 [8] Risk Metrics - The maximum drawdown since inception was 8.18%, with the largest quarterly drawdown occurring in Q2 2025 at 7.8% [9] - The average stock position since inception was 81.35%, compared to the peer average of 83.26%, with a peak stock position of 93.31% at the end of H1 2025 [12] Portfolio Composition - As of the end of Q2 2025, the fund's top holdings included Agricultural Bank of China, China Merchants Bank, China Construction Bank, Bank of China, Gree Electric Appliances, Industrial and Commercial Bank of China, China Mobile, Anhui Wanan Highway, Chongqing Rural Commercial Bank, and Citic Bank [16]

7月21日，中国移动召开"民有所呼 我必有应——'三个一'服务举措发布会"，面向社会发布一套客户服务承诺、一个服 务监督平台、一个大服务体系，回应客户关切，提升服务标准，引领行业规范，展现红色通信央企担当。深入贯彻中 央八项规定精神学习教育中央第十一指导组组长陈润儿、副组长库热西·买合苏提，中国消费者协会副会长兼秘书长王 振宇，工业和信息化部信息通信管理局副局长邵道新，中国质量协会副会长兼秘书长李高帅，中国移动董事长杨杰、 总经理何飚出席大会，各界客户代表、专家学者、媒体代表等120位嘉宾现场见证。 此次发布会是中国移动深入贯彻中央八项规定精神学习教育、切实维护保障群众权益的具体行动，是积极落实工信 部"暖心服务十件实事""民有所呼、我必有应"等行风建设重点工作的有力实践，也是推动公司高质量可持续发展、建 设世界一流信息服务科技创新公司的必然要求，展现了中国移动切实维护保障群众权益，强化高品质信息服务供给， 引领行业高质量发展的决心。 王振宇指出，消费者权益保护是民生工程，更是民心工程。消费者权益保护具体实践的落实，需要广大经营者自觉落 实消费者权益保护第一责任人责任，不断提升商品和服务质量，主动预防和化解消 ...

金十数据7月21日讯，初灵信息7月21日晚间公告，7月18日，公司全资子公司网经科技与中国移动通信 集团终端有限公司签订《中国移动终端公司深度定制【全光组网融合终端Pro系列产品采购项目】制造 服务合作合同-包1&包2》，此框架合同包1和包2上限金额合计为4.21亿元或数量合计达到1.6万台。 初灵信息：全资子公司签订智能算网一体机框架合同 ...

Core Viewpoint - China Mobile has launched the "Three Ones" service initiative aimed at enhancing customer service quality and protecting consumer rights, focusing on user concerns and improving overall customer experience [1][8]. Group 1: Service Commitments - China Mobile introduced ten service commitments to ensure customer rights are protected, including transparent consumption and clear service processes [2]. - Customers can view available tariffs through the China Mobile app, and service orders require customer confirmation [2]. - The company will provide proactive reminders for data usage and offer a cap on overage charges [2]. - Changes to service plans will be processed within 48 hours if no contractual conditions apply, ensuring timely service [3]. - Customers can easily unsubscribe from services through various channels, with specific provisions for broadband service cancellations [3][4]. - A dedicated hotline (10085) is established for marketing communications, allowing customers to report unsolicited offers [4]. - Customers can manage their personal information with clear guidelines on data usage and consent [4][6]. - The service includes options for blocking international calls and messages [5]. - Customer complaints and service requests will be addressed through multiple channels, ensuring efficient response [6]. - A service supervision platform has been created to monitor the implementation of these commitments and gather customer feedback [7]. Group 2: Service Supervision Platform - A centralized service supervision platform has been established to ensure all customer feedback is received and addressed promptly [7]. - Customers can report unresolved issues through the China Mobile app and other designated channels, ensuring comprehensive handling of complaints [7]. Group 3: Comprehensive Service System - China Mobile serves over 1 billion individual customers and 280 million family customers, emphasizing the importance of service quality [8]. - The company aims to create a "smart service" experience by integrating various service aspects, ensuring quick responses to customer needs [8]. - The "Three Ones" initiative reflects China Mobile's commitment to customer satisfaction and its proactive approach to addressing consumer demands [8].

整场比赛期间，伴随着球员们时常爆发的激烈拼抢，场边的观众们也是发出阵阵惊呼，而一旦一方攻入另一方禁区之内，不少观众都会举起手机准备好拍摄 下进球的精彩瞬间。比赛期间记者也看到观众们有的发着朋友圈，有的在给家人打电话或者视频，还有球迷拍起了短视频，在记者与周边的几位球迷的交谈 中他们都表示没有感觉到网络的卡顿，就和平时一样。 据江苏移动的工程师监测后台数据显示，整场比赛期间，5G-A网络平稳度过大规模并发流量的冲击，网络各项指标正常。 【环球网科技报道 记者 张阳】7月20日晚，江苏省城市足球联赛（苏超）第七轮，苏州队主场迎战镇江队，最终凭借四粒精彩进球，苏州队大胜镇江队，不 败记录仍在延续。现场共有32169名球迷见证了这场精彩的比赛，而球迷们在三香路体育中心不仅感受到了足球比赛的激情，也感受到了网络的丝滑畅快。 为了让球迷们能畅快看比赛，同时能够自在分享比赛的精彩瞬间，苏州移动为适配机型用户打造了UELOGO个性化显示，只要苏州移动用户深处体育场 内，状态栏就会自动显示"中国移动，苏州定胜"专属标识。除此之外，苏州移动还为球迷提供了免费5G-A场馆畅享包，苏州移动用户开通后就可以在体育 馆内享受4个小时的V ...

Core Viewpoint - The Ruiyuan Growth Value Mixed Fund, managed by prominent fund managers Fu Pengbo and Zhu Lin, has maintained a high asset allocation in sectors such as electronics, internet technology, precision manufacturing, and pharmaceuticals, with significant contributions from the PCB industry [1][2]. Fund Performance - As of the end of Q2, the net asset value of Ruiyuan Growth Value Mixed A shares was 1.2955 CNY, with a growth rate of 5.80%, outperforming the benchmark return of 1.67%. The C shares had a net asset value of 1.2634 CNY, with a growth rate of 5.70% [1]. Holdings Overview - The top ten holdings of the fund as of Q2 included Shenghong Technology, Tencent Holdings, CATL, China Mobile, Luxshare Precision, Xinyi Technology, Cambricon Technologies, Juxing Technology, Sanofi Biologics, and Maiwei Co., with new entry Xinyi Technology and exit of Guanghui Energy compared to Q1 [2]. Market Dynamics - The fund's managers noted fluctuations in the US-China tariff agreements, which impacted global markets. The domestic capital market managed to stabilize amid these changes, with expectations of a potential decline in exports due to demand and inventory factors [2]. Policy and Economic Environment - The Chinese government is addressing "involution" in development through policies aimed at correcting distorted factor prices, with a focus on boosting overall commodity prices. The current economic environment differs from past supply-side reforms due to weak overall demand [3]. Investment Strategy - The fund has increased its holdings in companies related to the export chain despite short-term impacts, while reducing exposure to traditional energy companies due to market style influences and fundamental pressures. The fund has also increased its allocation to the pharmaceutical sector, focusing on innovative drugs and traditional medicine benefiting from AI [4]. Future Outlook - The upcoming mid-year reports from listed companies will be used to assess the operational status and future development of existing holdings. The fund aims to identify industries and companies with upward trends in prosperity, optimizing its portfolio to manage net value fluctuations effectively [4].