Core Insights - In September, 81.81% of the 8627 mixed funds with comparable performance saw an increase in net value, while 1549 funds experienced a decline [1] - Fourteen mixed funds achieved a monthly increase of over 25%, with the top performers being 嘉实新优选混合, 东方新能源汽车主题混合, and others, showing returns between 27.03% and 30.17% [1][2] - 嘉实新优选混合 fund, established in April 2016, reported a year-to-date return of 54.33% and a cumulative net value of 1.4440 yuan as of September 30, 2025 [1][2] Fund Performance - 嘉实新优选混合 increased its allocation to leading lithium battery equipment companies, with top holdings including 宁德时代 and 星宇股份 as of June 30 [2] - 泉果旭源三年持有期混合A, the largest fund by size, had a monthly increase of 26.02% and a year-to-date return of 48.80%, with a cumulative net value of 1.1172 yuan [3] - The top holdings of 泉果旭源三年持有期混合A include 科达利 and 腾讯控股, focusing on sectors like high-end manufacturing and internet companies [3] Declining Funds - Eight mixed funds experienced a decline of over 10% in September, with five belonging to 广发基金, showing declines ranging from 10.10% to 11.53% [4]

| 序 | 发行对象名称 | 获配股数 | 获配金额 | 限售期 | | --- | --- | --- | --- | --- | | 름 | | (股) | (元) | (月) | | 1 | 广发基金管理有限公司 | 1.010.861 | 1,207.999.112.22 | 6 | | 2 | UBS AG | 364,010 | 434,999,230.20 | 6 | | 3 | 新华资产管理股份有限公司 | 351,458 | 419,999,339.16 | 6 | | 4 | 汇添富基金管理股份有限公司 | 296,647 | 354,499,097.94 | 6 | | 5 | 诺德基金管理有限公司 | 233,217 | 278,698,979.34 | 6 | | 6 | 国泰海通证券股份有限公司 | 221,753 | 264,999,270.06 | 6 | | 7 | 国信证券(香港)资产管理有限公司 | 184,097 | 219,999,596.94 | 6 | | 8 | 博时基金管理有限公司 | 132,215 | 157,999,569.30 | 6 | | 9 | ...

Core Insights - The Chinese public fund industry is entering a critical phase of deepening reform and enhancing quality, with a total scale surpassing 36 trillion yuan by August 2025, reaching 36.25 trillion yuan, marking a new era for the industry [1][2] Group 1: Policy and Industry Transformation - The China Securities Regulatory Commission (CSRC) released an action plan on May 7, 2025, aimed at promoting high-quality development in the public fund industry, focusing on performance-based floating management fees and long-term assessments [2][3] - The action plan signifies a historic shift from prioritizing scale to emphasizing returns, addressing long-standing investor concerns and promoting a "investor-centric" core value [2][3] Group 2: Floating Management Fee Mechanism - The floating management fee mechanism will be implemented for newly established actively managed equity funds, linking management fees to performance against benchmarks, thus aligning fund company revenues with investor returns [2][3] - Fund companies are required to ensure that investor return metrics account for at least 50% of their assessment criteria, while performance metrics for fund managers must account for at least 80% [3] Group 3: Value-Driven Practices - The public fund industry is expected to play a greater role in serving the real economy and meeting residents' wealth management needs, fostering a virtuous cycle of returns leading to capital inflows and market stability [4] - Companies like Harvest Fund are enhancing their investment research systems and actively participating in the issuance of innovative floating fee products, aiming to create a product system that shares risks and benefits with investors [4][5] Group 4: Investor Education and Engagement - Investor education is a key focus for companies, with efforts to improve financial literacy through innovative and personalized educational tools, combining online and offline strategies [4] - The future vision for public funds is to serve as a bridge connecting industrial development with residents' wealth, ensuring that investor interests are integrated throughout governance, product issuance, investment operations, and assessment mechanisms [5]

Core Insights - The "924" market rally, which began on September 24, 2024, has significantly benefited the pension FOF funds, leading to a substantial increase in overall performance over the past year [1][2] Group 1: Performance of Pension FOF Funds - As of September 19, 2025, the average annual return of pension target date FOF funds reached 30.72% [1] - Specific funds such as the Jiashi Pension 2040 Mixed (FOF) Y achieved a return of 40.47%, surpassing its benchmark by 14.5% [1] - Jiashi Pension 2050 Mixed (FOF) Y reported a return of 40.34%, exceeding its benchmark by over 11 percentage points [1] - Jiashi Pension 2030 Mixed (FOF) Y also performed well with a return of 26.21%, outpacing its benchmark by nearly 10 percentage points [1] - Four Jiashi pension target risk FOFs also showed robust performance, each exceeding a 5% return over the past year [1] Group 2: Factors Contributing to Performance - The strong performance of pension FOFs is attributed to the robust equity market and the increasing sophistication of investment tools [2] - The investment scope of FOFs has expanded to include various asset classes, such as 30-year government bond ETFs, gold ETFs, and QDII, enhancing their multi-asset allocation advantages [2] Group 3: Suitability of FOF for Pension Investment - FOFs provide better risk matching, which is essential for pension investments, aligning with the need for stable growth [3] - The professional asset allocation capabilities of FOFs cater to investors lacking investment experience, making them suitable for pension investments [3] - The long-term investment nature of pensions aligns well with the FOF's investment philosophy, which often includes a set investment horizon [3] Group 4: Investment Strategy for Personal Pensions - Investors are advised to utilize the annual contribution limit of 12,000 yuan effectively to enjoy tax benefits and investment growth [4] - Product selection should align with individual circumstances, including age, risk tolerance, and cost considerations [4] - A long-term investment approach is recommended, encouraging regular contributions and avoiding frequent adjustments based on market fluctuations [4]

Group 1 - The core theme of the series of activities is "New Era, New Fund, New Value," aimed at promoting high-quality development of public funds in Beijing [1] - Public funds are actively responding to policy calls, enhancing their investment research layout, and demonstrating solid asset allocation capabilities in various hot investment sectors this year [1] - The biopharmaceutical sector is experiencing significant growth, showcasing diverse development potential across various sub-industries, including medical devices, innovative drugs, and traditional Chinese medicine [1] Group 2 - The innovative drug sector is expected to lead the pharmaceutical industry, with a strong performance anticipated through 2025, driven by favorable policies and improved fundamentals [2] - The Chinese government is supporting the pharmaceutical industry by optimizing the approval process for innovative drugs and including them in basic medical insurance, which enhances market opportunities for domestic companies [2] - The innovative drug industry is entering a new phase of "dual breakthroughs," with domestic companies transitioning from following global trends to leading them [2] Group 3 - 嘉实基金 has systematically planned its investment research capabilities and product layout in the innovative drug sector, focusing on high-growth areas [3] - The company has established a dedicated research team for the health sector, covering various sub-sectors of biopharmaceuticals, and has created an innovative drug industry chain research group to support investment decisions [3] - 嘉实基金 offers a diverse product line in the innovative drug sector, including passive investment options that track pharmaceutical indices and actively managed products targeting opportunities in A-shares and Hong Kong stocks [3]

风险提示：基金有风险，投资需谨慎。投资人应当阅读《基金合同》《招募说明书》《产品资料概要》 等法律文件，了解基金的风险收益特征，特别是特有风险，并根据自身投资目的、投资经验、资产状况 等判断是否和自身风险承受能力相适应。基金管理人承诺以诚实信用、谨慎尽责的原则管理和运用基金 资产，但不保证基金一定盈利或本金不受损失。过往业绩不预示其未来业绩，其他基金业绩不构成本基 金业绩的保证。本产品由嘉实基金管理有限公司发行与管理，代销机构不承担产品的投资、兑付和风险 管理责任。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 "新时代·新基金·新价值——北京公募基金高质量发展在行动。越来越多的公募基金在探索投资者陪伴持 续前行，以"深度、互动、体验"为特色的投教陪伴模式正在形成。 为助力更多投资者了解新质生产力建设，加大投资者陪伴力度，嘉实基金深度打造了"探寻新质中国企 业"投资者服务系列活动，通过产业一线探访和主题沙龙分享相结合的形式，携手广大投资者一起走进 新质生产力企业生产一线。据悉，活动开展以来，嘉实基金已携手累计超过1200位投 ...

Core Viewpoint - Tongling Nonferrous Metals Group Co., Ltd. has seen a significant stock price increase of 10.7% over the past three days, with a current price of 5.00 CNY per share and a market capitalization of 66.95 billion CNY [1] Company Overview - Tongling Nonferrous Metals Group was established on November 12, 1996, and listed on November 20, 1996. The company is primarily engaged in copper mining, smelting, and processing [1] - The revenue composition of the company includes 83.78% from copper products, 13.58% from gold and other by-products, 2.18% from chemical and other products, and 0.46% from other sources [1] Shareholder Information - According to data, the largest circulating shareholder is a fund under Harvest Fund Management, which increased its holdings in the Harvest CSI 300 ETF (159919) by 6.22 million shares in the second quarter, now holding a total of 61.60 million shares, representing 0.59% of circulating shares [2] - The fund has realized a floating profit of approximately 14.78 million CNY today and a total of 28.34 million CNY during the three-day price increase [2] Fund Manager Performance - The fund manager He Ru has a tenure of 11 years and 147 days, with a total fund size of 190.77 billion CNY and a best return of 190.31% during his tenure [3] - Liu Jiayin, another fund manager, has a tenure of 9 years and 192 days, managing a fund size of 202.61 billion CNY, with a best return of 168.42% during her tenure [3]

Core Viewpoint - The performance of the Zhongzheng 2000 ETF managed by Jiashi Fund has shown a return of 37.49% since its establishment on September 14, 2023, despite a recent decline of 3.16% over the past month [1] Group 1: Fund Performance - As of the midday close on September 29, the Zhongzheng 2000 ETF (159535) increased by 0.51%, reaching a price of 1.384 yuan, with a trading volume of 3.11 million yuan [1] - The fund's benchmark is the Zhongzheng 2000 Index return rate [1] Group 2: Top Holdings - Key stocks in the fund include: - Meiri Hudong, up 0.67% - Hanwei Technology, up 4.16% - Hongchuang Holdings, up 0.76% - Dongtu Technology, up 3.14% - Hengbao Co., down 4.51% - Taiji Co., down 0.93% - Rejing Biology, down 1.20% - Shijia Photon, up 1.72% - Huasheng Tiancai, up 1.12% - Tainkang, down 0.68% [1]

| ANNUAL BARRENT PRODUCTION COLLECTION OF CLAIMS OF CHAINSTER OF CHAINSTER OF CHAIN AND | 000-0100 140-01 Address of the count | | --- | --- | | (NFRE) | | | 20,22 | 12 | | beNOUN | | | PEN JO TE | 100000 CONSULTION | | 公開 HELTs Z.P. | | 第二十四日在第三次第十四六年三月十六年三月十六年 | | --- | --- | --- | | 公要和II15震震 | | LITHESS IN WHITHER W | | 法国际 | | TTTA NEW LE WATER THE FINE STATE FREET S | | 220 MILL: FOR | | SHECON | | 公有用ETT;在线生发日 | | 201759115日 | | 基金管理人类称 | | 第六届全管理有限公司 | | 长金托管人名称 | | 中国工商管行业的有限公司 | | 2-21338 | | 中原人民 ...

证券之星消息，9月26日嘉实基金管理有限公司发布《关于嘉实债券开放式证券投资基金2025年国庆 节、中秋节前暂停申购（含转换转入及定期定额投资）业务的公告》。公告中提示，为了保证基金的平 稳运作，保护基金份额持有人利益，自2025年9月30日起嘉实债券开放式证券投资基金2025年国庆节、 中秋节前暂停申购（含转换转入及定期定额投资）业务，下属分级基金调整明细如下： | 分级基金简称 代码 | | 是否暂停（大额）申购 | 申购限额 转入限额 定投限额 | | --- | --- | --- | --- | | | | (转入转出、赎回、定投) | (元) (元) (元) | | 嘉实债券A | 070005 | 분 | | | 嘉实债券C | 020508 | 를 | | 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...