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● 本报记者 刘英杰 日前，"中国银河证券·中国证券报私募行业星耀领航计划"调研团队走进连云港市首家持牌私募证券投 资基金管理人——连海陆桥基金，围绕其科创投资逻辑、区域产业赋能、企业社会责任等议题展开深入 交流，共同探索国有背景私募在支持科技创新与服务地方经济中的独特路径。 据悉，"星耀领航计划"致力于打造国内最具影响力的科创类私募赋能平台，聚焦挖掘并培育兼具专业投 资能力与合规治理水平的私募管理机构。本次调研旨在推动多元投资理念的行业共享，助力构建科技、 资本与实体经济良性循环的生态体系。 深耕战略性新兴产业 连海陆桥基金执行董事、总经理刘益鸣在接受中国证券报记者专访时表示，公司自2022年成立以来，始 终将科技创新作为重要投资方向之一，依托股东连云港市金融控股集团的产业背景与区域资源优势，持 续深耕生物医药、人工智能、高端制造等战略性新兴产业。 据悉，连海陆桥基金前身为金控集团证券业务部，早在集团成立初期即通过持股恒瑞医药、远大控股等 本土上市公司，积累了深厚的产业认知与资本运作经验。转为市场化运作的私募基金管理人后，公司延 续了这一基因，在股票策略产品中重点配置创新药板块，持仓比例长期超过50%。 " ...

Core Viewpoint - The article emphasizes the establishment of a digital research platform by CICC, aiming to provide efficient, professional, and accurate research services by integrating insights from over 30 specialized teams and covering more than 1800 stocks globally [1]. Group 1: Research Services - CICC's digital research platform, "CICC Insight," offers a one-stop service that includes research reports, conference activities, fundamental databases, and research frameworks [1]. - The platform features daily updates on research focuses and timely article selections, enhancing the accessibility of market insights [4]. - CICC provides over 3,000 complete research reports covering macroeconomics, industry research, and commodities [9]. Group 2: Data and Frameworks - The platform includes more than 160 industry research frameworks and over 40 premium databases, facilitating comprehensive industry analysis [10]. - CICC Insight incorporates advanced AI search capabilities, allowing users to filter key points and engage in intelligent Q&A [10].

Core Viewpoint - The article emphasizes the establishment of a digital research platform by CICC, aiming to provide efficient, professional, and accurate research services by integrating insights from over 30 specialized teams and covering more than 1800 stocks globally [1]. Group 1: Research Services - CICC's digital research platform, "CICC Insight," offers a one-stop service that includes research reports, conference activities, fundamental databases, and research frameworks [1]. - The platform utilizes advanced model technology to enhance the research experience for clients [1]. Group 2: Research Focus and Updates - Daily updates on research focus and timely article selections are provided through the "CICC Morning Report" [4]. - Senior analysts offer real-time interpretations of market hotspots through public live broadcasts [4]. Group 3: Research Reports and Data - The platform features over 30,000 complete research reports covering macroeconomics, industry research, and commodities [9]. - It includes more than 160 industry research frameworks and 40 premium databases, along with a sophisticated data dashboard [10].

Core Viewpoint - The article emphasizes the establishment of a digital research platform by CICC, aiming to provide efficient, professional, and accurate research services by integrating insights from over 30 specialized teams and covering more than 1800 individual stocks [1]. Group 1: Research Services - CICC's digital research platform, "CICC Insight," offers a one-stop service that includes research reports, conference activities, fundamental databases, and research frameworks [1]. - The platform features daily updates on research focuses and timely article selections, enhancing the accessibility of market insights [4]. - It provides over 3,000 complete research reports covering macroeconomics, industry research, and commodities [9]. Group 2: Data and Frameworks - The platform includes more than 160 industry research frameworks and over 40 premium databases, facilitating comprehensive industry data analysis [10]. - CICC Insight incorporates advanced AI search capabilities, allowing users to filter key points and engage in intelligent Q&A [10].

Core Insights - Index investing has become the mainstream choice for both institutional and individual investors in the increasingly mature capital market, with Tianhong Fund solidifying its leading position in passive equity investment through a systematic research and investment framework and advanced technology applications [1] Fund Performance - As of June 30, 2025, Tianhong Fund's index funds reached a total scale of 158.09 billion, with over 12.84 million holders, maintaining the industry's top position [1] - Among the 91 disclosable index funds, 69 achieved excess returns, representing over 75% of the total, with 13 enhanced index funds achieving excess returns since inception [2] - Tianhong Fund's 39 participating index funds received a three-year rating of three stars or above, with 29 funds achieving five stars, ranking sixth in the industry [2] Investment Strategy - Tianhong Fund employs AI technology in quantitative investment, utilizing machine learning and big data to capture market signals, with its industry rotation model achieving an annualized excess return of 15.73% over the past two years [3] - The investment research team consists of 10 senior fund managers and 7 industry researchers, with an average experience of 9.14 years, focusing on index product design, liquidity management, and strategy iteration [3] Product Offering - Tianhong Fund has developed a product matrix that includes "core broad-based + sector selection" strategies, covering major indices like CSI 300, CSI 500, and ChiNext, as well as popular sectors such as healthcare, technology, and new energy [1] - The "ChiNext Dream Team" series includes five distinct index funds, providing a comprehensive toolset for investors to participate in the ChiNext market, serving over 5 million holders [1]

Core Viewpoint - The article emphasizes the establishment of a digital research platform by CICC, aimed at providing efficient, professional, and accurate research services by integrating insights from over 30 specialized teams and covering more than 1800 stocks globally [1]. Group 1: Research Services - CICC's digital research platform, "CICC Insight," offers a one-stop service that includes research reports, conference activities, fundamental databases, and research frameworks [1]. - The platform is designed to facilitate daily updates on research focuses and timely dissemination of selected articles through "CICC Morning Report" [4]. - The platform features over 3,000 complete research reports covering macroeconomics, industry research, and commodities [9]. Group 2: Data and Frameworks - CICC Insight includes more than 160 industry research frameworks and over 40 premium databases, providing comprehensive industry data [10]. - The platform incorporates advanced AI search capabilities, allowing users to filter key points and engage in intelligent Q&A [10].

Core Viewpoint - The article emphasizes the establishment of a digital research platform by CICC, aiming to provide efficient, professional, and accurate research services by integrating insights from over 30 specialized teams and covering more than 1800 stocks globally [1]. Group 1: Research Services - CICC's digital research platform, "CICC Insight," offers a one-stop service that includes research reports, conference activities, fundamental databases, and research frameworks [1]. - The platform is designed to leverage advanced model technology to enhance the quality and efficiency of research services provided to clients [1]. Group 2: Research Focus and Updates - The platform features daily updates on research focuses and timely push notifications of selected articles, ensuring that users stay informed about market trends [4]. - CICC provides live broadcasts where senior analysts interpret market hotspots, enhancing the accessibility of expert insights [4]. Group 3: Data and Frameworks - The platform includes over 160 industry research frameworks and more than 40 premium databases, offering comprehensive data resources for users [10]. - CICC Insight also features an AI search function that allows users to filter key points and engage in intelligent Q&A, facilitating a more interactive research experience [10].

Group 1 - The core viewpoint of the article is the launch of the "Action Plan for Promoting High-Quality Development of Public Funds" by the China Securities Regulatory Commission, marking a new phase of reform and efficiency improvement in the public fund industry [1] - The public fund industry in China has seen significant growth, with assets under management increasing from 8 trillion yuan to 36 trillion yuan over the past decade, highlighting its importance in the capital market [2] - The industry is shifting focus from scale to investor returns, emphasizing the need for a systematic capability building that resonates with investors, industries, and market demands [2] Group 2 - The article discusses the establishment of a platform-based research and investment (R&I) system by companies like Harvest Fund, which has been in place since 2009, focusing on an "all-weather, multi-strategy" investment approach [2] - Harvest Fund has developed a comprehensive talent cultivation system, covering over 20 sub-industries, and has formed cross-industry research groups to enhance collaborative research efforts [3] - The company is leveraging digital tools and technologies, such as big data and machine learning, to create a standardized R&I data system that facilitates high-quality investment decision-making [3] Group 3 - Harvest Fund emphasizes deep fundamental research as a core aspect of its investment strategy, with significant holdings in manufacturing, information technology, and scientific research sectors, totaling over 220 billion yuan [4] - The company is focusing on strategic emerging industries such as semiconductors, artificial intelligence, and biomedicine, having conducted over 2,000 company research sessions in the past year [4] - The implementation of the "Action Plan" is expected to enhance the role of public funds in wealth management, capital market stability, and support for the real economy and national strategies [4] Group 4 - The future outlook for the public fund industry is positive, with expectations for the emergence of outstanding investment institutions and long-lasting firms [5]

Core Viewpoint - The article emphasizes the establishment of a digital research platform by CICC, aimed at providing efficient, professional, and accurate research services by integrating insights from over 30 specialized teams and covering more than 1800 stocks globally [1]. Research Insights - Daily updates on research focus and timely article selections are provided through CICC Morning Report [4]. - Senior analysts offer real-time interpretations of market hotspots via public live broadcasts [4]. Research Reports - The platform offers over 30,000 complete research reports covering macroeconomics, industry research, and commodities [9]. - It features more than 160 industry research frameworks and over 40 premium databases, enhancing the depth of analysis available [10]. Data and Research Framework - The platform includes a sophisticated AI search function that allows users to filter key points and engage in intelligent Q&A [10].