Fund Overview - The fund is named "Hui'an Quality Selection Enhanced Bond Investment Fund" and is a bond-type open-ended fund [11] - The fund is managed by Hui'an Fund Management Co., Ltd. and the custodian is CITIC Bank [11][49] Fund Raising Details - The fund's subscription period is from July 21, 2025, to August 1, 2025, with a maximum subscription amount of 6 billion RMB [5][21] - The minimum subscription amount for each fund share is 1.00 RMB [11][27] - The fund will not accept subscriptions from financial institutions' proprietary accounts, except for the manager's own funds [19] Subscription Categories - The fund offers two classes of shares: Class A and Class C, with different fee structures [3][12] - Class A shares charge subscription fees, while Class C shares do not charge subscription fees but deduct service fees from the fund's assets [3][12] Subscription Limits - Individual investors can subscribe up to 10 million RMB per day, with no cumulative limit during the fundraising period [2][19] - If a single investor's cumulative subscription reaches or exceeds 50% of the total fund shares, the fund manager may impose restrictions on further subscriptions [4][24] Performance Benchmark - The fund's performance benchmark is composed of 85% of the yield of the China Securities Index Quality Credit Bond Index, 10% of the yield of the China Securities Dividend Quality Index, and 5% of the after-tax bank demand deposit rate [9][10] Fund Management and Operations - The fund operates as a contractual open-ended fund with no fixed duration [11] - The fund management company reserves the right to adjust the fundraising arrangements based on various factors [6]

证券代码：002926 证券简称：华西证券 公告编号：2025-027 华西证券股份有限公司 关于签署《华西证券B区项目租赁合同》的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1.合同自双方法定代表人或授权代表签字或盖章并加盖各自的公章之日起生效。 2.华西证券股份有限公司（以下简称"公司"）出租"华西证券总部办公楼B区 项目"（以下简称"总部办公楼B区项目"）有利于提高资产运营及使用效率，为公 司带来长期稳定的租金收入，将对公司本年度及后续租赁期间的财务状况、经营成果 产生一定的积极影响。 3.本次出租事项租赁期限较长，可能存在因交易对手方经营情况变化导致不能正 常履约的风险；租赁协议在执行过程中遇政策、市场、环境、自然灾害等因素的影响， 可能无法如期或全部履行，影响预期收益。 一、协议签署概况 1.为盘活资产，提升资产经营效益，实现资产价值最大化，避免国有资产流失， 公司于 2025 年 4 月 24 日召开第四届董事会 2025 年第一次会议审议通过了《关于华 西证券总部办公楼 B 区项目相关资产招租方案的议案》，同意总部办公楼 B ...

Core Insights - The article highlights the strong performance of top investment advisors in the A-share market, with significant excess returns compared to the market average, showcasing their capabilities in a volatile market environment [1][3]. Performance Overview - The average return of the top 300 advisors in the stock trading group reached 27.19%, while the top 10 advisors achieved an impressive average return of 47.41% [2][3]. - In June, the three major indices in the A-share market all showed positive performance, with the Shanghai Composite Index rising by 2.9%, the Shenzhen Component Index by 4.23%, and the ChiNext Index by 8.02% [3]. ETF Group Performance - The average return for the top 200 advisors in the ETF group was 17.34%, with the top 10 achieving an average return of 30.93% [10][11]. - Compared to the benchmark indices, the top advisors significantly outperformed, with the Shanghai Composite Index rising by 5.04% and the Shenzhen Component Index by 5.71% during the same period [11]. Advisor Strategies - Advisors from leading firms like Guangfa Securities and CITIC Securities shared their strategies, focusing on growth stocks and utilizing models like "5+30" to identify high-potential sectors [13][14]. - Risk management strategies were emphasized, including controlling drawdowns and diversifying portfolios to mitigate risks during market fluctuations [15][20]. Institutional Strength - Guangfa Securities, CITIC Securities, and China Galaxy Securities led the rankings in terms of the number of advisors participating in the evaluation, indicating their strong institutional capabilities [23][28]. - The competition among institutions reflects a shift towards a client-centric approach in wealth management, emphasizing the importance of professional capabilities [39]. Future Outlook - Advisors are focusing on sectors with high growth potential, such as innovative pharmaceuticals and aerospace, while also considering macroeconomic factors like Federal Reserve policies [17][22]. - The article suggests that as market volatility becomes the norm, the ability of professional advisors to create value will be crucial for their competitive edge [39].

Group 1 - Nearly 90% of brokerage "gold stock" portfolios achieved positive returns in the first half of 2025, with Northeast Securities, Dongxing Securities, and Huaxi Securities leading the performance rankings [2][4] - Northeast Securities' "gold stock" portfolio recorded a return of 45.45%, followed by Dongxing Securities at 37% and Huaxi Securities at 29.25% [4] - In June, the top-performing stocks included Giant Network with a 63.09% increase, Shenghong Technology at 55.39%, and Inner Mongolia First Machinery exceeding 50% [2][3] Group 2 - The sectors with the highest excess returns in June were retail, automotive, and electronics, while agriculture, retail, and automotive led the rankings for the year [3] - The majority of recommended "gold stocks" were from the electronics, pharmaceutical, basic chemicals, and machinery sectors [5] Group 3 - The July "gold stock" lists have been released, with most brokerages suggesting a shift in A-share style for the second half of the year, increasing allocations to technology and undervalued stocks [6] - Notable stocks recommended by various brokerages include Inke Rebirth, Satellite Chemical, and Light Innovation from Northeast Securities, and Transsion Holdings and Muyuan Foods from Guoxin Securities [6][7] Group 4 - Guoxin Securities highlighted Muyuan Foods for its stable breeding capacity and expected growth in output by 2025 [7] - Dongwu Securities recommended a focus on technology, particularly in AI and computing sectors, as they are currently undervalued [9]

Core Viewpoint - Nearly 90% of brokerage "gold stock" portfolios achieved positive returns in the first half of 2025, with Northeast Securities, Dongxing Securities, and Huaxi Securities leading the performance rankings [2][4]. Group 1: Performance of Brokerage "Gold Stocks" - In the first half of 2025, the Shanghai Composite Index rose by 2.76%, while the ChiNext Index increased by 0.53% [4]. - Among 45 brokerage "gold stock" portfolios, 40 reported positive returns, representing a nearly 90% success rate [4]. - Northeast Securities' "gold stock" portfolio topped the list with a return of 45.45%, followed by Dongxing Securities at 37%, and Huaxi Securities at 29.25% [5]. Group 2: Sector Performance - In June, the sectors with the highest excess returns among brokerage "gold stocks" were retail, automotive, and electronics [4]. - Year-to-date, the top-performing sectors were agriculture, retail, and automotive [4]. Group 3: July "Gold Stock" Recommendations - The July "gold stock" list features a shift towards technology and undervalued stocks, with electronics, pharmaceuticals, basic chemicals, and machinery being the most recommended sectors [7]. - Notable stocks recommended include Yingke Rebirth, Satellite Chemical, and Light Innovation Technology from Northeast Securities, and others from various brokerages [8]. Group 4: Stock Recommendations and Market Trends - Stocks like Kaiying Network and Muyuan Foods received multiple recommendations, indicating higher market attention [9]. - Northeast Securities highlighted Kaiying Network for its AI product development, while Guoxin Securities noted Muyuan Foods for its stable production capacity growth [10]. - The overall market trend since June has been stronger than expected, with major indices showing potential for breakthroughs, suggesting a favorable environment for active trading [10].

Core Insights - Nearly 90% of brokerage gold stock portfolios achieved positive returns in the first half of the year, with Northeast Securities leading at a 45.45% return [2][6] - The July gold stock list shows a strong representation from the electronics, pharmaceutical, and machinery sectors, with significant contributions from power equipment and non-bank financials [3][9] - Brokerages are optimistic about the market's potential to break through previous highs, particularly focusing on sectors like technology and brokerage firms for investment [4][12] Performance Summary - In June, the top-performing gold stock was Giant Network (002558.SZ) with a 63.09% monthly increase, driven by strong data from its new game [5] - Other notable performers included Shenghong Technology (300476.SZ) with a 55.39% increase and Inner Mongolia First Machinery (600967.SH) with a 54.80% increase [6] - The Shanghai Composite Index rose 2.76% in the first half of the year, while the North Star 50 Index surged nearly 40% [6] Brokerage Rankings - Northeast Securities topped the gold stock portfolio rankings with a 45.45% return, followed by Dongxing Securities at 37% and Huaxi Securities at 29.25% [6] - Five brokerages reported negative returns for their gold stock portfolios, including Changcheng Securities and Zhongyin Securities [7] Sector Focus - The latest gold stock recommendations highlight a concentration in electronics, pharmaceuticals, and machinery, with multiple brokerages recommending stocks like Pop Mart (09992.HK) and Zhongxin Securities (600030.SH) [9][10] - Other stocks receiving multiple recommendations include Muyuan Foods (002714.SZ), noted for its low costs and profitability in the slaughtering business [11] Market Outlook - Analysts suggest that the market may continue to show resilience in July, with potential breakthroughs depending on structural policy and market conditions [14][15] - The consensus among brokerages is that the Shanghai Composite Index has a significant chance of surpassing last year's highs, with a focus on technology and brokerage sectors for investment opportunities [12][15]

证券代码：002926 证券简称：华西证券 公告编号：2025-024 华西证券股份有限公司董事会 华西证券股份有限公司（以下简称"公司"）于 2025 年 6 月 19 日以电子邮件方 式发出第四届董事会 2025 年第三次会议通知，会议于 2025 年 6 月 30 日通过公司总 部现场会议与远程视频相结合的方式召开。本次会议应出席董事 10 名，实际出席董 事 10 名，公司部分监事及高级管理人员列席了会议，周毅董事长主持会议。本次会 议的召集、召开及表决程序符合《公司法》等相关法律法规和《公司章程》的规定。 董事会审议了会议通知所列明的议案，所有表决议案均获通过，决议如下： 关于聘任首席信息官的议案 表决结果：十票同意，零票反对，零票弃权。 董事会同意聘任李钧为公司首席信息官，任期自本次董事会审议通过之日起至本 届董事会任期届满之日止。根据《泸州市市属企业经营管理层实行市场化选聘和契约 化管理的实施意见（试行）》（泸组通﹝2019﹞130 号）相关规定，董事会初次聘任 高级经营管理人员应实行任职试用期制，试用期为一年。 《关于聘任高级管理人员的公告》与本决议同日刊登于《中国证券报》《上海证 券报》《证 ...

证券代码：002926 证券简称：华西证券 公告编号：2025-024 华西证券股份有限公司 第四届董事会 2025 年第三次会议决议公告 表决结果：十票同意，零票反对，零票弃权。 董事会同意聘任李钧为公司首席信息官，任期自本次董事会审议通过之日起至本 届董事会任期届满之日止。根据《泸州市市属企业经营管理层实行市场化选聘和契约 化管理的实施意见（试行）》（泸组通﹝2019﹞130 号）相关规定，董事会初次聘任 高级经营管理人员应实行任职试用期制，试用期为一年。 《关于聘任高级管理人员的公告》与本决议同日刊登于《中国证券报》《上海证 券报》《证券时报》《证券日报》及巨潮资讯网（www.cninfo.com.cn）。 特此公告。 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 华西证券股份有限公司（以下简称"公司"）于 2025 年 6 月 19 日以电子邮件方 式发出第四届董事会 2025 年第三次会议通知，会议于 2025 年 6 月 30 日通过公司总 部现场会议与远程视频相结合的方式召开。本次会议应出席董事 10 名，实际出席董 事 10 名，公司部分监事 ...

华西证券股份有限公司（以下简称"公司"）于 2025 年 6 月 30 日召开第四 届董事会 2025 年第三次会议审议通过了《关于聘任首席信息官的议案》，聘任 李钧担任公司首席信息官。任期自本次董事会审议通过之日起至第四届董事会任 期届满之日止。 根据《泸州市市属企业经营管理层实行市场化选聘和契约化管理的实施意见 （试行）》（泸组通﹝2019﹞130 号）相关规定，董事会初次聘任高级经营管理 人员应实行任职试用期制，试用期为一年。 李钧简历详见附件。 特此公告。 华西证券股份有限公司董事会 2025 年 7 月 1 日 证券代码：002926 证券简称：华西证券 公告编号：2025-025 华西证券股份有限公司 关于聘任高级管理人员的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 1 李钧简历 李钧：男，白族，1973 年 12 月生，中国国籍，无境外居留权，硕士。现任 华西证券股份有限公司首席信息官。1995 年 7 月至 1997 年 4 月，任深圳万信金 融经济信息有限公司职员；1998 年 1 月至 1998 年 12 月，任国信证券深圳红岭 ...

北京中伦（成都）律师事务所 关于华西证券股份有限公司 2024 年度股东大会的 法律意见书 二〇二五年六月 北京中伦（成都）律师事务所 华西证券股份有限公司（以下简称"公司"）2024年度股东大会（以下简称 "本次会议"）于2025年6月30日15时00分在成都市高新区天府二街198号公司会 议中心4楼召开，北京中伦（成都）律师事务所（以下简称"本所"）接受公司 委托，指派律师出席本次会议，并出具本法律意见书。 本所律师在会议召开前和召开过程中，审查了有关本次股东大会的全部材料， 并对出席本次会议人员及会议召集人的资格、本次会议的召集、召开程序等重要 事项的合法性进行了现场核验，在此基础上，根据《中华人民共和国公司法》（以 下简称"《公司法》"）、中国证券监督管理委员会《上市公司股东会规则》《律 师事务所从事证券法律业务管理办法》等相关法律、法规及《华西证券股份有限 公司章程》（以下简称"《公司章程》"）的相关要求，按照律师行业公认的业 务标准、道德规范和勤勉尽责精神，发表法律意见如下： 一、本次会议的召集、召开程序 1.2025年4月24日，公司召开第四届董事会2025年第一次会议，并于2025年4 月25 ...