Core Viewpoint - The report provides an overview of the performance and management of the GF Shenzhen 100 ETF Linked Fund for the first half of 2025, highlighting its investment strategies, financial results, and compliance with regulatory standards [1][2]. Fund Overview - Fund Name: GF Shenzhen 100 ETF Linked Fund - Fund Manager: GF Fund Management Co., Ltd. - Fund Custodian: China Construction Bank Co., Ltd. - Total Fund Shares at Period End: 42,409,681.98 shares [2][3]. Investment Objectives and Strategies - The fund aims to closely track the performance of the Shenzhen 100 Index, with a target of keeping the average tracking deviation within 0.35% and annualized tracking error within 4% [3]. - Investment strategies include asset allocation, target ETF investment, stock investment, bond investment, and participation in securities lending [3]. Financial Performance - For the period from January 1, 2025, to June 30, 2025, the realized income for Class A shares was CNY 1,008,227.42, while Class C shares reported CNY 350,881.59 [6]. - The profit for Class A shares was CNY -605,407.16, and for Class C shares, it was CNY -13,735.20 [6]. - The net asset value for Class A shares at the end of the period was CNY 34,013,227.06, and for Class C shares, it was CNY 16,892,759.48 [6]. Performance Metrics - The cumulative net value growth rate for Class A shares was -0.88%, and for Class C shares, it was -1.87% [7]. - The net value growth rate for Class A shares over the past six months was -1.01%, while Class C shares reported -1.11% [9]. Compliance and Governance - The report confirms that the information provided is accurate and has been reviewed by independent directors and the fund custodian [1][2]. - The fund management commits to managing assets with integrity and diligence, although it does not guarantee profits [1].

Fund Overview - The fund is named "Huaxia National Semiconductor Chip Exchange-Traded Fund" and was established on January 20, 2020 [1] - The fund aims to closely track the performance of the National Semiconductor Chip Index, with a target tracking deviation of no more than 0.2% on a daily basis and an annual tracking error of no more than 2% [1][2] - The fund primarily invests in stocks that are components of the index, categorized as a high-risk, high-return equity fund [1][2] Financial Performance - The fund achieved a realized income of approximately 1.83 billion RMB and a profit of approximately 268 million RMB during the reporting period [2] - The weighted average profit per fund share was 0.0134 RMB, with a net asset value of approximately 25.42 billion RMB at the end of the reporting period [2] - The fund's net asset value per share was 1.2284 RMB, with a cumulative net value growth rate of 22.84% since inception [2][10] Market Environment - The A-share market experienced significant volatility due to various factors, including trade tensions and macroeconomic policies, but showed resilience overall [9][11] - The market style favored small-cap growth stocks, driven by policy support and improved market sentiment [9][11] Management and Strategy - The fund management company, Huaxia Fund Management Co., Ltd., has extensive experience in managing ETF products and aims to capture market opportunities through in-depth investment research [3][4] - The fund's investment strategy includes a combination of replication strategies, alternative strategies, and derivative investment strategies [1][2] Regulatory Compliance - The fund management adheres to relevant regulations and guidelines, ensuring fair treatment of all fund participants and maintaining a transparent operational framework [8][12] - The fund has not encountered any significant compliance issues during the reporting period [8][12]

29日盘后，工商银行、农业银行、中国银行、建设银行、交通银行披露半年报： -工商银行：2025年上半年营业收入4090.82亿元，上年同期4019.99亿元；归母净利润1681.03亿元，上 年同期1704.67亿元； -农业银行：2025年上半年实现营业收入3697.93亿元，同比增长0.7%；归母净利润1395.1亿元，同比增 长2.7%； -中国银行：今年上半年营业收入3294.18亿元，上年同期3179.29亿元；股东应享税后利润1175.91亿 元，上年同期1186.01亿元； -建设银行：今年上半年经营收入3859.05亿元，同比增加2.95%；归属于股东净利润1620.76亿元，同比 减少1.37%； -交通银行：今年上半年净经营收入1334.98亿元，同比增长0.72%；归母净利润460.16亿元，同比增长 1.61%。 (本文来自第一财经) ...

（文章来源：每日经济新闻） 8月29日，建设银行公告，上半年经营收入3859.05亿元，同比增长2.95%；净利润1626.38亿元，同比下 降1.45%。 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The current bull market contains three ESG investment themes: improvement in corporate governance leading to valuation uplift, long-term opportunities from high-quality economic development and green transformation, and short-term supply optimization under energy transition [1][2][3] Summary by Sections 1. High-Quality Development of Capital Markets and Corporate Governance - Following the "New National Nine Articles," China's capital market has entered a phase of high-quality development, with regulatory guidance aimed at enhancing corporate governance to elevate A-share valuations [10][11] - The experience from Japan and South Korea indicates that improved corporate governance can significantly enhance market price-to-book ratios [11][14] - The report highlights the importance of institutional investors, particularly public funds, in actively participating in corporate governance to drive quality improvements in listed companies [10][21] 2. Long-Term Opportunities from Economic High-Quality Development and Green Low-Carbon Transition - The "Five Major Articles" are driving the financial sector's transformation, linking it with five ESG-value industries, which is expected to enhance asset quality and profitability [2][33] - The report emphasizes the role of technology in fostering new productive forces, particularly in sectors like AI and green computing, which are poised for significant growth [2][50] - Traditional industries are encouraged to undergo green transformation, integrating "new energy+" to enhance efficiency and sustainability [2][34] 3. Energy Transition: Short-Term Supply Optimization and Long-Term Structural Changes - The report identifies investment opportunities in the energy transition sector, particularly under the "dual carbon" policy framework, which aims to optimize supply in high-energy-consuming industries and promote structural changes in energy usage [3][35] - Short-term policies are expected to improve market dynamics in sectors like renewable energy and electric vehicles, while long-term changes will reshape the entire energy supply chain [3][45] 4. Financial Sector Transformation - The financial sector is undergoing a shift from traditional profit models to comprehensive service models, driven by the "Five Major Articles," which require banks and insurance companies to adapt their product offerings and risk management strategies [45][46] - The report notes significant growth in green finance, with outstanding loans increasing from 8.23 trillion yuan in 2018 to 42.39 trillion yuan by mid-2025, reflecting a compound annual growth rate [35][38] 5. Digital Economy and Technological Innovation - The digital economy in China has grown from 39.2 trillion yuan in 2020 to 53.9 trillion yuan in 2023, with a compound annual growth rate of 11.2%, indicating a strong trend towards digital transformation [50][53] - The report forecasts that the digital transformation market will maintain a high growth rate of 15.6% annually from 2023 to 2028, highlighting the importance of technology in driving economic development [50][56]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該 等內容而引致的任何損失承擔任何責任。 中國建設銀行股份有限公司 CHINA CONSTRUCTION BANK CORPORATION （於中華人民共和國註冊成立的股份有限公司） （股份代號：00939） 截至 2025 年 6 月 30 日止六個月中期業績公告 中國建設銀行股份有限公司（"本行"）董事會谨此宣佈本行及所屬子公司（"本集 團"）截至2025年6月30日止六個月，根據適用的《香港聯合交易所有限公司證券上市規 則》披露要求及《國際會計準則第34號—中期財務報告》編製的未經審核綜合中期業績。 本行董事會審計委員會及外部審計師已審閱此中期業績。 中國建設銀行股份有限公司 董事会 2025年8月29日 於本公告日期，本行的執行董事為張金良先生、張毅先生和紀志宏先生，本行的非執行 董事為辛曉岱女士、劉芳女士、李璐女士、李莉女士和竇洪權先生，本行的獨立非執行 董事為威廉•科恩先生、梁錦松先生、詹誠信勛爵、林志軍先生和張為國先生。 重要提示 ...

证券之星消息，8月29日国有大型银行板块较上一交易日上涨0.13%，工商银行领涨。当日上证指数报收 于3857.93，上涨0.37%。深证成指报收于12696.15，上涨0.99%。国有大型银行板块个股涨跌见下表： 从资金流向上来看，当日国有大型银行板块主力资金净流出8.96亿元，游资资金净流入9530.48万元，散 户资金净流入8.0亿元。国有大型银行板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601398 | 工商银行 | 7.43 | 0.68% | 519.62万 | 38.77 亿 | | 601658 | 邮储银行 | 6.04 | 0.67% | 191.56万 | 11.59亿 | | 601288 | 农业银行 | 7.02 | 0.00% | 446.25万 | 31.38 Z | | 601988 | 中国银行 | 5.52 | -0.18% | 339.76万 | 18.91亿 | | 666109 | 建设银行 | 9.00 | -0.33 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該 等內容而引致之任何損失承擔任何責任。 00939 監事會會議決議公告 （2025年8月29日） 三、關於《中國建設銀行股份有限公司關於2025年半年度募集資金存放、管理 與實際使用情況的專項報告》的議案 議案表決情況：同意5票，反對0票，棄權0票。 特此公告。 本次會議審議並通過了如下議案： 一、關於2025年半年度報告的議案 議案表決情況：同意5票，反對0票，棄權0票。 本行監事會認為本行2025年半年度報告、半年度報告摘要的編制和審核程序符 合法律、行政法規和監管規定，報告的內容真實、準確、完整地反映了本行的 實際情況。 - 1 - 二、關於中國建設銀行股份有限公司2025年中期利潤分配方案的議案 議案表決情況：同意5票，反對0票，棄權0票。 中國建設銀行股份有限公司（「本行」）監事會會議（「本次會議」）於2025年8月29日在 北京以現場會議方式召開。本行於2025年8月19日以書面形式發出本次會議通知。 半數以上監事共同推舉林鴻監事 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 00939 一、關於《中國建設銀行股份有限公司2025年半年度資本管理第三支柱信息披露報 告》的議案 表決情況：同意13票，反對0票，棄權0票。 《中國建設銀行股份有限公司2025年半年度資本管理第三支柱信息披露報告》請 參見登載於香港交易及結算所有限公司「披露易」網站(www.hkexnews.hk)的相 關內容。 - 1 - 二、關於發行資本工具和總損失吸收能力非資本債務工具的議案 表決情況：同意13票，反對0票，棄權0票。 - 2 - 1. 同意本行在取得股東大會及相關監管機構批准的條件下，按照下列條款和 條件發行資本工具和總損失吸收能力非資本債務工具： (1) 發行總額：合計不超過7,000億元人民幣等值，其中資本工具不超過 4,500億元人民幣等值，總損失吸收能力非資本債務工具不超過2,500 億元人民幣等值。 (2) 工具類型：減記型無固定期限資本債券、減記型合格二級資本工具， 符合《商業銀 ...

在小蔡与郭奶奶的交流过程中，支行大堂经理也察觉到了情况不对劲，于是上前与小蔡一起进一步向郭 奶奶询问核实。在两人的耐心沟通下，郭奶奶终于说出实情。原来这笔现金是"旅游费"，郭奶奶一边拿 出一张发票给大堂经理看一边说："这笔费用是交给开票的这个公司，存钱到这家公司每个月有利息， 还可以免费赠送一个月的旅游。"询问核实过程中，郭奶奶还接到开票公司工作人员打来的电话，对方 教她谎报用途并指导她到其他银行网点支取现金。此时，小蔡和大堂经理更加确信老人遇到了电信诈 骗。于是，小蔡立即呼叫营运主管，大堂经理继续与郭奶奶沟通，了解详细情况。 为避免客户遭受财产损失，营运主管立即启动应急预案，果断拨打报警电话。等待过程中，大堂经理一 直为郭奶奶讲解近期发生的各类诈骗案例。然而，郭奶奶对支行工作人员的询问十分抵触，始终坚持要 取款，场面一度僵持不下。 不久，附近派出所民警赶到现场，与支行工作人员一起向郭奶奶详细分析网络诈骗的手段和投资陷阱。 在民警和支行工作人员的耐心劝说下，郭奶奶终于意识到自己险些落入诈骗分子的圈套，最终放弃了取 款的想法，并对支行和警方及时出手相助表示衷心感谢。（胡琪） 编辑：穆皓 转自：新华财经 近日，年 ...