该ETF跟踪MSCI中国东盟经济互联指数，并采用创新的"经济暴露因子"筛选机制，重点投资于在两地市场具有实质业务联动与收入贡献的优质上市公司。产品同时 支持港元、美元及人民币多柜台交易，为投资者提供便捷高效的资产配置工具，分享中国与东盟经济融合发展的长期红利。 首只中国—东盟经济互联ETF登陆港交所 1月28日，银河博时MSCI中国东盟经济互联指数ETF（下简称"银河博时东盟ETF"））举办上市仪式，宣告正式登陆港交所交易。 据悉，"银河博时东盟ETF"跟踪MSCI中国东盟经济互联指数，采用创新编制的"经济暴露因子"筛选机制，聚焦在两地市场具有实质业务联动与收入贡献的优质上市 公司——通过统计"港股通"上市公司在东盟各国的收入占比，及东盟上市公司在中国内地与香港的收入占比，选取排名前50%的优质标的构建投资组合。 产品兼具价值与成长属性，根据MSCI截至2025年末的数据，产品中代表"新质生产力"的可选消费、信息技术、通信的相关股票市值占比近35%、金融相关股票市值 占比近35%，融合了两大市场产业互补优势。在交易设计上，产品同时支持港元、美元、人民币三种货币柜台交易，为全球投资者提供低成本、高便捷度的资产配 ...

特此公告。 登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及董事保证基金季度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。 嘉实基金管理有限公司旗下基金 ■ 上述基金2025年第四季度报告全文，于2026年1月22日在本公司网站[www.jsfund.cn]和中国证监会基金 电子披露网站（http://eid.csrc.gov.cn/fund）披露，供投资者查阅。如有疑问可拨打本公司客服电话 （4006008800（免长途话费）、(010)85712266）咨询。 本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，也不保 证最低收益。请充分了解基金的风险收益特征，审慎做出投资决定。 嘉实基金管理有限公司 2026年1月22日 关于嘉实产业先锋混合 基金经理变更的公告 公告送出日期：2026年1月22日 1 公告基本信息 ■ 2离任基金经理的相关信息 ■ 嘉实基金管理有限公司 2026年1月22日 （QDII）基金经理变更的公告 公告送出日期：2026年1月22日 1 公告基本信息 ■ 2离任基金经理的 ...

Core Viewpoint - The securities industry is transitioning from a transaction-oriented approach to a comprehensive ecosystem, emphasizing brand building as a new competitive advantage in the market [1][5]. Group 1: Importance of Brand Building - The importance of brand building has been increasingly recognized, with regulatory guidance emphasizing the shift from "Chinese manufacturing" to "Chinese branding" [1][2]. - The State-owned Assets Supervision and Administration Commission (SASAC) has issued opinions to enhance brand management across central enterprises, aiming for high-quality brand development to improve core competitiveness [1][2]. Group 2: Current Industry Trends - Securities firms are enhancing brand awareness and leveraging their reputations to create unique value propositions, thus reinforcing brand as a "soft power" for high-quality development [2][6]. - Industry observers note that the brand development in the securities sector is lagging behind other financial sectors, indicating a significant opportunity for early adopters to gain a competitive edge [2][6]. Group 3: Differentiated Brand Strategies - Several leading securities firms have initiated brand renewals, employing distinctive propositions and innovative communication strategies to reshape market perceptions [2][3]. - China International Capital Corporation (CICC) has established a comprehensive brand activity system, including the "CICC Wealth 1018 Release Conference," to enhance brand influence and client engagement [3]. - China Galaxy Securities has launched the "Star Family Office" service brand, integrating various wealth management modules to expand service boundaries [4]. Group 4: Future of Brand Competition - The shift towards brand competition is becoming inevitable, driven by the need for service transformation, high-quality development, internationalization, and differentiation in the securities industry [5][6]. - Brand building is seen as essential for establishing trust and showcasing the industry's role in supporting the real economy and promoting social value recognition [6][7]. - Companies that can create a brand system combining professional expertise and emotional connection are likely to lead in the upcoming industry upgrades [7].

Core Viewpoint - The market generally believes that the RMB exchange rate will not exhibit a unilateral appreciation trend, despite recent strengthening against the USD [4][6]. Exchange Rate Trends - As of January 28, the RMB to USD central parity rate was reported at 6.9755, a significant increase of 103 basis points from the previous trading day, continuing the appreciation trend after breaching the 7.0 mark [1]. - The RMB's central parity rate has shown a fluctuating upward trend, with a notable increase of 90 basis points on January 23, marking the largest single-day appreciation since August 25, 2025 [2]. - The onshore and offshore RMB rates began appreciating at the end of 2025, with both markets continuing to show slight appreciation around the 6.9 range in 2026 [2]. Factors Driving Appreciation - The rapid appreciation of the RMB is driven by a combination of international market conditions and domestic supply-demand dynamics [2]. - A "weak dollar" environment has provided significant external support for RMB appreciation, with the dollar index declining from 100.22 to 97.51 since late November 2025, a drop of approximately 2.7% [2]. - Domestically, a surge in seasonal foreign exchange settlement demand has been a core driver of the RMB's strength, with settlement demand in late 2025 significantly exceeding historical seasonal levels [2][3]. Market Sentiment and Future Outlook - Recent RMB appreciation has been fueled by high market sentiment, with accumulated settlement demand from previous high export growth potentially accelerating [3]. - Analysts predict that while the RMB may continue to show strength in the short term, it is unlikely to maintain a unilateral appreciation trend throughout the year [4][6]. - The People's Bank of China has indicated that the RMB exchange rate will continue to exhibit two-way fluctuations and maintain elasticity, aiming to prevent rapid appreciation or unilateral trends [5]. Long-term Projections - Analysts from Galaxy Securities expect the RMB to appreciate steadily rather than sharply, with seasonal settlement demand typically weakening in February and March [5]. - The RMB exchange rate will largely depend on three factors: the dollar's performance, the intensity of central parity regulation, and the effects of domestic export and growth policies [5][6]. - There is a potential for depreciation pressure on the RMB in 2026, influenced by a stabilization of the dollar index and the impact of high tariffs on global trade and exports [6].

中国银河证券表示：近期，我司发现有不法分子假冒银河证券名义，通过即时通讯工具组建"中国银河 证券策略群"，以"开通机构席位子账户""配合主力拉升""享有优先成交权"等噱头，诱导投资者开展非 法证券交易活动。银河证券从未委托证券经纪人以外的个人或者机构进行投资者招揽、服务活动。任何 假冒我公司名义设立网站、微信、客服热线等行为，均属非法证券活动。任何以我公司及工作人员费用 清退、名义荐股、提供内幕消息、配资等为由开展投资咨询服务，收取会员费、充值、汇款、承诺收 益、盈利分成等行为，均属违法行为。投资者发现仿冒公司网站、微信、客服热线的，请及时向当地证 券监管部门、公安机关举报。对任何假冒我公司或工作人员的非法行为，以及侵害我公司和投资者权益 的行为，公司有权采取包括法律手段在内的各种手段追究其一切责任。 ...

截至2026年1月28日收盘，中证沪深港黄金产业股票指数(931238)上涨7.59%，成分股掀涨停潮，晓程科技、曼卡龙 20CM涨停，中国黄金、白银有色、中金黄金、招金黄金等个股10CM涨停 黄金股ETF(517520)强势涨停。买贵金属，就看黄金股ETF(517520)。拉长时间看，截至2026年1月27日，黄金股 ETF近1周累计上涨15.09%。 基金有风险，投资需谨慎。本文所包含的分析基于各种假设，不同假设可能导致分析结果出现重大不同。在任何情 况下，本文中的信息或所表述的意见并不构成对任何人的投资建议。 MACD金叉信号形成，这些股涨势不错！ 消息面上，1月28日下午，现货黄金突破5280美元/盎司，继续刷新历史最高纪录。 金价持续的上涨，已经让市场没有了对黄金看空的声音，对于黄金的展望更是一家比一家高。目前，高盛最新报告 已经将今年底黄金价格预测由每盎司4900美元上调至5400美元，因私人投资者及央行的需求不断增强。高盛预计， 今年各国央行每月将购买60吨黄金，同时随着美联储降息，ETF所购买的黄金规模也会增加，进一步推升估值。 银河证券指出，美元资产吸引力因政治干预担忧而减弱，叠加美联储新主 ...

2026年1月28日，银河博时MSCI中国东盟经济互联指数ETF（简称"银河博时中国东盟ETF"）举办上市 仪式，宣告正式登陆港交所交易。 王晟在视频致辞中表示: "本产品作为率先在中国香港上市的聚焦中国和东盟优质资产的权益ETF，为境 内外投资者布局共建"一带一路"倡议提供了创新工具，充分体现了香港国际金融中心的重要作用。我们 将充分发挥自身的境内外布局优势特别是东南亚投研能力，全力做好产品管理、推动互联互通，持续为 客户全球化资产配置提供高质量服务，为共建'一带一路'贡献银河力量。" 中国银河证券与博时基金的此次合作，标志着双方在跨境金融领域的深度协同进入新阶段。随着中国与 东盟经济融合的持续深化，以及香港资本市场互联互通的不断推进，双方的合作有望打造成为金融机构 服务区域经济深度融合的标杆模式，为投资者提供更丰富的全球资产配置方案。 基金产品风险提示： 敬请留意,银河国际资管管理的所有基金产品均受制于市场风险及监管限制。基金产品的表现可能受到 全球宏观经济形势、利率及汇率变动、股票及债券市场波动以及行业政策调整等因素影响。基金产品不 保证可实现预期回报,投资者可能面临本金亏损。基金产品的认购、赎回及交易 ...

Core Viewpoint - The report highlights the mixed performance of the top holdings in the Huatai-PineBridge Low Volatility ETF (512890), with various banks and companies showing different price movements during the trading session [1][5]. Group 1: Top Holdings Performance - As of the midday session, Shanghai Bank decreased by 0.54%, while Nanjing Bank increased by 0.29%. Other notable movements include Ping An Bank down by 0.09%, and Minsheng Bank up by 0.27% [1][5]. - The top ten holdings include Shanghai Bank, Nanjing Bank, Ping An Bank, and others, with varying performance metrics [2][9]. Group 2: Fund Flow and Market Trends - The Huatai-PineBridge Low Volatility ETF has seen significant net inflows, with 1.03 billion yuan over the last five trading days, 2.33 billion yuan over the last twenty days, and 4.58 billion yuan over the last sixty days [2][9]. - The fund's total circulation size reached 28.313 billion yuan as of January 27, 2026 [2][9]. Group 3: Market Analysis and Predictions - According to GF Securities, passive funds have significantly reduced their holdings in the banking sector, leading to weaker performance, with a total reduction of approximately 72.5 billion yuan, accounting for about 2% of the free float market value [4][11]. - Analysts suggest that the banking sector has adjusted to some pessimistic expectations, and the valuation is expected to stabilize, with large banks and wealth management banks likely to outperform [4][11]. - China Galaxy Securities indicates that the dividend distribution from listed banks remains strong and is expected to attract long-term capital [6][11]. Group 4: ETF Performance Metrics - The Huatai-PineBridge Low Volatility ETF has achieved a return of 36.04% over the past three years, outperforming its benchmark [6][11]. - The ETF is positioned as a stable investment tool in a volatile market, with options for investors to participate through regular investment plans or through its associated funds [6][11].

2026 年 1 月 28 日，银河博时 MSCI 中国东盟经济互联指数 ETF(后文简称"银河博时中国东盟ETF")上市仪式在港交所举办。 香港财经事务及库务局副局长陈浩濂、香港商务及经济发展局「一带一路」办公室专员何力治、香港交易所行政总裁陈翊庭、香港证监会投资产品部临时主 管杨慧明、招商局金融控股有限公司总经理王小青、博时基金有限公司董事长张东、中国银河国际控股有限公司董事长樊敏非、博时基金(国际)有限公司董 事长兼CEO连少冬，及香港证监会、香港交易所、香港商务及经济发展局「一带一路」办公室、招商局金融控股有限公司等政府、商业机构、境内外投资者 代表等出席仪式。仪式宣告"银河博时中国东盟ETF"正式开始在港交所买卖。 银河、博时强强联合，产品方案独具特色 该产品由博时基金(国际)有限公司与中国银河国际资产管理(香港)有限公司合作创设，既发挥了博时国际作为香港最大的中资管理人之一、老牌ETF发行 人、香港资管市场创新先驱者的全球资产配置能力及其对中国资产、东盟资产投资机遇的融合设计能力;亦充分发挥了中国银河国际母公司中国银河证券在 东盟地区的布局优势，后者东盟领先的研究能力和市场地位为产品设计与发行提供 ...

Core Viewpoint - The non-ferrous metal sector is experiencing significant growth, with the Huabao Non-Ferrous ETF (159876) reaching a historical high and attracting substantial net inflows, indicating strong investor interest and confidence in the sector's future performance [1] Group 1: Market Performance - The Huabao Non-Ferrous ETF (159876) surged by 3%, setting a new historical high as of January 28 [1] - The ETF has seen real-time net subscriptions exceeding 1.25 billion units, with a total net inflow of over 1.2 billion yuan in the last 20 trading days, bringing its total fund size to 2.34 billion yuan [1] Group 2: Industry Outlook - China Galaxy Securities suggests capitalizing on the "AI leap + century change" resonance, indicating a super cycle in non-ferrous metals driven by macroeconomic narratives [1] - Historical patterns show that commodity cycles are lengthy, typically lasting 25 to 30 years, with upward trends lasting 8 to 10 years, suggesting a prolonged bullish phase for non-ferrous metals [1] - Institutions widely agree that the non-ferrous metal sector is likely to continue its upward trajectory, with expectations of a bull market driven by monetary, demand, and supply factors by 2026 [1] Group 3: ETF Coverage - The Huabao Non-Ferrous ETF (159876) and its linked fund (017140) comprehensively cover various sectors including copper, aluminum, gold, rare earths, and lithium, allowing for better exposure to the entire sector's beta performance [2]