永赢沪深 300 交易型开放式指数证券投资基金 2025 年第 2 季度报告 永赢沪深 300 交易型开放式指数证券投资基金 基金管理人：永 赢 基 金管理有限公司 基金托管人：中国工商银行股份有限公司 报告送出日期：2025 年 07 月 17 日 永赢沪深 300 交易型开放式指数证券投资基金 2025 年第 2 季 度报告 §1 重要提示 基金管理人的董事会及董事保证本报告所载资料不存在虚假记载、误导性陈述或重大遗漏，并对其内 容的真实性、准确性和完整性承担个别及连带责任。 基金托管人中国工商银行股份有限公司根据本基金合同规定，于 2025 年 07 月 15 日复核了本报告 中 的财务指标、净值表现和投资组合报告等内容，保证复核内容不存在虚假记载、误导性陈述或者重大遗 漏。 基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈利。 基金的过往业绩并不代表其未来表现。投资有风险，投资者在作出投资决策前应仔细阅读本基金的招 募说明书。 本报告中财务资料未经审计。 本报告期自 2025 年 04 月 01 日起至 2025 年 06 月 30 日止。 | §2 | 基金产品概况 | ...

Core Viewpoint - The case involving the disappearance of 250 million yuan in deposits from the Industrial and Commercial Bank of China (ICBC) has gained significant attention, with ongoing legal proceedings highlighting the bank's responsibility for safeguarding customer funds despite criminal actions by its employees [1][2]. Group 1: Case Background - From September 2018 to May 2019, an ICBC employee, Liang Jianhong, orchestrated a scheme to defraud customers by promising high returns on large deposits, ultimately stealing approximately 253 million yuan from 28 victims [2]. - Liang Jianhong was sentenced to life imprisonment for theft, fraud, and forgery of financial documents, while his accomplices received prison sentences ranging from 7 to 15 years [2]. Group 2: Legal Proceedings - On July 15, evidence was exchanged in court, with the plaintiff's lawyer presenting 36 pieces of evidence to demonstrate the bank's significant negligence in protecting customer deposits [1]. - The bank's legal team submitted 9 pieces of evidence arguing that the loss was due to criminal actions and that they had complied with banking procedures [1]. - The court has decided to prioritize the case of a specific plaintiff, Wei, as a representative case for the broader group of affected depositors [3].

7月中旬，深圳金融界掀起一场罕见的"集体亮剑"。 工商银行、农业银行、中国银行等十几家银行深圳分行密集发布声明，矛头直指同一家贷款 中介机构——鑫心惠邻（深圳）咨询服务有限公司及其关联公司（以下简称"鑫心惠邻"）， 明确否认与其存在合作关系，并提醒消费者警惕相关贷款中介虚假宣传套路，谨防上当受 骗。 | 声明 | 【声明】招商银行深圳分行关于未与 | | | --- | --- | --- | | 工商银行录加市分行 2025年07月14日 12:00 广东 | 不法贷款中介合作的声明 | | | ■明 | 无比直语的案小前 图高银行宣唱分行 | 声明 | | 2025年07月14日 12:01 广东 Q 听全文 | | | | 中国农业银行盟圳分行 2025年07月14日 12:03 | 严正声明 | 之哀歌行议制分榜 2025年07月1 | | 声明 | 中信根行震能分行 2025年07月11日 16:31 广东 | 声明 | | 中国服行教银行深圳市分行 | 声明 | 上海服行赏到分存 2025年07月1 | | | | 广州银行深圳分行关于 | | 2025年07月14日 12:25 广东 Ω 5人 ...

Group 1 - The "Chain Expo" showcased multiple firsts, including the global supply chain index matrix and visualized industry maps, signaling continuous innovation and collaboration in the global supply chain [1] - The "Chain Expo Launch Station" featured over a hundred cutting-edge global technologies across six dimensions, focusing on new products, technologies, processes, scenarios, ecosystems, and chains, particularly in fields like new energy and digital technology [2][3] - The "Innovation Chain Zone" was established to facilitate the entire process from intellectual property rights to technology incubation and result implementation, aiming to create a closed-loop ecosystem for technological innovation [2] Group 2 - The event highlighted regional collaboration, with various domestic companies showcasing advancements in AI and robotics, enhancing the resilience and competitiveness of the supply chain [4] - Notable international companies, including Nvidia and Apple, participated, with Nvidia's CEO praising China's AI developments and their potential to drive growth in the supply chain ecosystem [4] - The first-ever industry map was presented, helping companies identify their positions within the supply chain and optimize resource allocation [5][6] Group 3 - Customized financial services were introduced by China Bank to support enterprises in various industry chains, aiming to seize new opportunities in the industry cycle [6] - The China Council for the Promotion of International Trade released a global supply chain innovation index and a human-centric index, indicating a positive overall trend in global supply chain development despite ongoing uncertainties [6]

《金融时报》记者注意到，2022年，一起关于"工行2.5亿存款'不翼而飞'"的案件引起了社会 广泛关注。 据悉，2018年9月至2019年5月，工商银行南宁分行工作人员梁建红以"为贷款企业做存款贡 献"为由，通过3名中间人招揽有闲置资金的客户到该行办理大额存款业务，并承诺除正常银 行大额存款利息外，额外支付给中间人每月4.5%左右的收益。为顺利窃取储户存单款，梁建 红还指使下属时某伪造存单等银行票证，趁储户不备替换真实存单。 据统计，梁建红共计窃取28名被害人约2.53亿元存款，除去已返还部分款项，案发后仍有约 1.2亿元未归还。 2021年11月19日，南宁中院作出一审判决：梁建红因犯盗窃罪、诈骗罪、伪造金融票证罪 等，被判处无期徒刑；时某及另两名案犯分别获7至15年不等有期徒刑；责令各被告人退赔各 被害人的经济损失。 对于工行在这次案件中的责任，判决书中表示，"梁建红原所属单位是否是退赔责任主体并不 在本案审理范围之内，本院不予评判。" 7月15日上午，曾备受关注的工行"2.5亿元存款'不翼而飞'"一案迎来新进展，双方当事人在 南宁市青秀区人民法院进行证据交换。 北京安剑律师事务所律师周兆成，作为原告储户 ...

记者丨 黄子潇 编辑丨孙超逸 截至发稿，已有建设银行、工商银行、中国银行、农业银行、交通银行、邮储银行、招商银 行、平安银行、华夏银行、中信银行、浦发银行、渤海银行、广发银行、北京银行、上海银 行、广州银行、华润银行、华兴银行的深圳分行，以及深圳农商银行等 19家银行 发布了相关 声明。 7月15日，南方财经记者注意到， 深圳超15家银行密集发布声明，称某贷款中介机构假冒合作 方揽客。 其中，多家银行直接点名 该贷款中介为鑫心惠邻（深圳）咨询服务有限公司 ，表示该涉事机 构在相关门店、附近小区电梯广告位打出"降息优化""携手XX 银行"等宣传广告，并声称多家 银行为其战略合作伙伴，扰乱金融秩序。 值得注意的是，7月15日和16日，鑫心惠邻在公众号上两次发布推文回应，表示6月份因为"不 严谨"占用了公共资源，张贴了银行标签，该公司已经全面整改，并强调没有和任何金融机构 有合作。 不过这一说法与多家银行公告中"冒充银行合作机构"的声明存在矛盾。 南方财经记者获悉，相关部门已介入调查。 企查查显示，鑫心惠邻（深圳）咨询服务有限公司成立于2024年11月，注册资本1000万元， 注册地址位于龙华区，经营范围包括融资咨 ...

除此次姜壹盛被查外，2022年7月15日，据广东省纪委监委消息，工行广东省分行原副行长周杰涉嫌严重违纪违 法，接受相关部门的纪律审查和监察调查。经纪委监委调查发现，周杰在任职期间存在借职务之便违规从事营利 活动、向贷款企业出借资金获取大额回报、以手中信贷审批权谋取私利，非法收受巨额财物等违法违纪行为，后 被双开。 同样在2022年，周杰的原同事、工行广东省分行原副行长陆锦文被双开。陆锦文被指在担任工行广东省分行营业 部副总经理，工行广东省分行副行长、高级专家期间，利用职务便利，为有关单位及个人在销售产品、贷款融 资、工程承揽等方面谋取利益，单独或与他人共同非法收受他人财物折合人民币1.0477亿余元。2023年年底，陆锦 文因受贿罪、违法发放贷款罪等罪名被判获刑死缓，他成为工行系统内第一个被判决死缓的高管。 值得一提的是，姜壹盛与陆锦文的职业经历有不少重叠之处，都曾担任过广东省分行的副行长，都曾任工行广东 省分行营业部副总经理一职。据悉，陆锦文在2012年至2014年任该职务期间，曾违反国家规定为相关单位发放贷 款共计7亿元。 姜壹盛资料图 （一）概况 本监测期内，重点舆情中，中国工商银行（澳门）股份有限公司 ...

Investment Rating - The report maintains a "Recommended" rating for the banking sector, indicating a positive outlook for the industry based on expected policy catalysts and improvements in asset quality [4]. Core Insights - The central urban work conference emphasizes urban renewal as a key strategy, which is expected to drive incremental credit and improve asset quality for banks. The focus is on optimizing urban structure, transforming economic dynamics, and enhancing quality [4]. - The report anticipates that the implementation of urban renewal policies will lead to increased financing needs, particularly through special bonds and loans, with an estimated potential for banks to generate an additional 100 to 200 billion yuan in credit from urban village renovations [4]. - The expected improvements in asset quality are linked to the restriction of high-rise buildings and the promotion of dilapidated housing renovations, which may alleviate cash flow pressures on real estate companies and reduce the depreciation of real estate collateral [4]. Summary by Sections Urban Renewal and Financing - The report highlights the importance of diverse financing methods for urban renewal, including central budget funds, long-term special bonds, local fiscal funds, and various types of loans [4]. - It notes that the current proportion of special bonds used as capital is around 10%, indicating significant room for growth [4]. Impact on Banking Sector - The report suggests that banks will benefit from increased participation in urban renewal projects, with both corporate and retail banking segments expected to see positive impacts [4]. - It mentions that the sample banks have shown signs of improvement in corporate real estate loans, with a year-on-year decrease in non-performing loan balances by 2.87% and a slight decline in the non-performing loan ratio [4]. Investment Recommendations - The report recommends specific banks, including Industrial and Commercial Bank of China, China Construction Bank, and Postal Savings Bank of China, among others, as potential investment opportunities due to their favorable positioning in the current market environment [4].

Core Viewpoint - Shenzhen banks have collectively issued statements targeting the misconduct of loan intermediaries, specifically addressing the actions of a consulting service agency named Xin Xin Hui Lin [1][5][17]. Group 1: Bank Responses - Nearly 20 banks in Shenzhen, including major institutions like Bank of China and Agricultural Bank of China, have released statements disavowing any partnership with the intermediary Xin Xin Hui Lin [1][5]. - The Bank of China emphasized that it does not charge intermediary fees or any related costs in its loan business [3]. - Postal Savings Bank of China highlighted that some intermediaries are using false advertisements to claim partnerships with banks, urging the public to be cautious of misleading loan offers [5][7]. Group 2: Intermediary Misconduct - Xin Xin Hui Lin has been accused of falsely advertising itself as a bridge between banks and communities, claiming to improve loan approval rates while charging various fees [7][9]. - The agency reportedly displayed logos of over 20 banks, misleading customers into believing it had strategic partnerships with these institutions [9][12]. - The actual control of Xin Xin Hui Lin is held by Gui Yaolin, who has registered multiple companies under the "Hui Lin" name, indicating a potential pattern of misconduct [12][14]. Group 3: Regulatory Response - The collective statements from banks were reportedly made in response to requests from Shenzhen's financial regulatory authorities, aiming to protect consumer rights and clarify the situation [5][7]. - The intermediary acknowledged its mistakes in using bank logos and stated it has undertaken corrective measures, asserting that it does not have any partnerships with financial institutions [17].

Core Viewpoint - The international silver price has surged significantly this year, with a cumulative increase of 35%, surpassing gold's performance, and reaching a 14-year high of over $39 per ounce on July 14 [1][12]. Group 1: Market Trends - Multiple banks have launched various silver investment products to capitalize on the rising silver prices [2][3]. - The Industrial and Commercial Bank of China (ICBC) has prominently featured a silver investment product called "Wealthy Blessing Silver Ingot" priced at 755 yuan for 50 grams, and a popular "Panda Silver Coin" set priced at 5,317 yuan for 30 grams each, achieving sales of over 7,000 sets [3][7]. - China Bank has introduced commemorative silver bars, with prices ranging from 598 yuan for 10 grams to 3,980 yuan for 200 grams [7]. Group 2: Investor Sentiment - Many investors are eager to invest in silver, but there is a noticeable disparity between the high demand for silver and the actual sales at bank branches, which remain relatively low [9][10]. - Despite the high price increase in silver, gold products continue to be more popular among investors, leading to limited inventory of silver products at banks [9][10]. Group 3: Market Dynamics - The recent surge in silver prices is attributed to several factors, including a tight supply of silver, significant inflows into silver ETFs, and a growing industrial demand that has resulted in a supply deficit of over 4,000 tons this year [12][13]. - Market analysts suggest that the rising risk appetite and expectations of interest rate cuts by the Federal Reserve have contributed to the bullish sentiment in the silver market [13].