所以，当别人追风口、忙投机时， 你只要稳稳地去积累、去布局， 在这个人人想暴富的年代，炒股的、买币的、抄底的、投风口的， 一个比一个心急。 但你有没有发现—— 那些真正赚到钱的人，从不喧哗。 他们不盯盘，不冲动，不追热度， 他们只做一件事： 让钱自己生钱，让时间替他们干活。 你每天刷短视频，看别人一夜暴富， 但你不知道，那些"赚快钱"的故事， 大多只有开头，没有结局。 股市的"神话"，币圈的"造富"， 风口过后，都是一地鸡毛。 他们悄悄地把钱放进稳健的资产里， 分散投资、长期持有、吃利息、拿分红。 看似慢，实则稳；看似小，实则厚。 因为他们懂一个道理—— 钱不是靠赌赢的，而是靠熬出来的。 当别人起起落落、焦虑不安， 他们只需要看着复利一点点生根发芽。 你知道复利的魔力吗？ 它不会一夜暴富，却能在十年后让你惊讶： 原来"安静的坚持"，也能改变命运。 而真正聪明的人在干嘛？ 别怕慢，怕的是浮躁； 别羡慕别人的暴富，学会守自己的节奏。 财富从来不是冲出来的， 而是"熬"出来的。 —— 未来你会发现： 他们赚的是"热闹"， 你赚的，才是"自由"。 ...

Group 1 - The "Yangtze Pension Cup" college student pension finance simulation investment competition is co-initiated by Yangtze Pension and Southern Finance, with guidance from the Shanghai Financial Industry Association and academic support from Fudan University [1] - The competition rules have been refined based on feedback from participants, emphasizing compliance and clarifying the criteria for continuous violations and the final rules for deducting violation profits [1] - Specific conditions leading to disqualification from the finals include investments in prohibited assets, excessive holding periods in certain stocks, and exceeding specified holding percentages [1] Group 2 - The rules for deducting profits from violations state that if no continuous violations occur, the profit rate will be recalculated based on the proportion of violation holding days to total holding days [1] - The competition promotes long-term, value, stable, and responsible investment philosophies, encouraging participants to engage in intelligent investment for a worry-free future [1]

以下文章来源于科创日报 ，作者史正丞 科创日报 . 科创圈都在关注的新型主流媒体，《科创板日报》出品。 美国当地时间上周六深夜，传奇拳击手特伦斯·克劳福德在拉斯维加斯击败墨西哥拳王卡内洛·阿尔瓦雷斯，以职业生涯42胜0败的成绩，成为世界拳 击史上首位统一三个级别四大组织金腰带的拳王。 这场"世纪之战"也在流媒体巨头Netflix直播，吸引了全球4100万人观看。 其中，也包括 上月底刚度过95岁生日的伯克希尔哈撒韦公司董事长巴菲特 。 他与几位友人在奥马哈的家中熬到深夜，见证了这一个历史 性时刻。 95岁的巴菲特（通过发言人转述）说： " 我是克劳福德的超级粉丝。平常周六晚上我是绝不会熬到午夜以后的，但这次我破例了。 " 公开资料显示，巴菲特与克劳福德是奥马哈老乡，两人已经来往了十年。 据巴菲特回忆，他去现场看过"六、七场"克劳福德的比赛，对这位拳手的中西部坚韧产生了深厚的敬意。巴菲特说："克劳福德就是纯正的 奥马哈人，他一有机会就强调自己的奥马哈血统。" 巴菲特也曾将克劳福德的擂台技术比作稳健投资——先是在头几个回合试探对手，然后再制定策略。 股神也分析称，克劳福德很难被击 中，同时他的出拳很重。 克劳福德 ...

Core Viewpoint - The report from CICC maintains the profit forecast for CITIC Limited (00267) for 2025 and 2026, with a target price increase of 17.4% to HKD 13.5, reflecting a market sentiment improvement [1] Group 1: Financial Performance - In 1H25, CITIC Limited reported revenue of CNY 368.8 billion, with a net profit increase of 6% year-on-year to CNY 59.8 billion, and a parent net profit of CNY 31.2 billion, showing a core operating profit growth of 0.4% after adjusting for last year's dilution effects [2] - The company declared an interim dividend of CNY 0.2 per share, with a year-on-year increase of 5.3% in half-year DPS, resulting in a dividend payout ratio increase of 1.4% to 18.6% [2] Group 2: Financial Sector Growth - The comprehensive financial sector's external revenue increased by 2% year-on-year to CNY 139.8 billion, contributing 38% to the total, with a parent net profit growth of 2% to CNY 28.4 billion, contributing 91% [3] - CITIC Bank's parent net profit rose by 3% to CNY 36.5 billion, driven by reduced operational and risk costs [3] - CITIC Securities experienced a revenue and parent net profit increase of 20% and 30% respectively, benefiting from an active capital market [3] - CITIC Trust's revenue and parent net profit grew by 4% and 13% respectively, with trust asset scale increasing by 13% since the beginning of the year [3] - CITIC Prudential's original premium income and parent net profit increased by 11% and 5% respectively, ranking among the top in foreign-funded life insurance companies [3] Group 3: Challenges in Advanced Materials and New Urbanization - The advanced materials sector reported external revenue and parent net profit of CNY 163.7 billion and CNY 5.2 billion respectively, with notable profit increases from CITIC Special Steel, Nanjing Steel, and CITIC Metal at 3%, 19%, and 31% respectively [4] - The advanced manufacturing sector's external revenue grew by 7% year-on-year to CNY 27.3 billion [4] - The new consumption sector saw a parent net profit increase of 353%, with CITIC Publishing's profit rising by 30% [4] - The new urbanization sector reported external revenue and parent net profit of CNY 14.4 billion and CNY 1.9 billion respectively, with significant sales growth in the real estate business, achieving a year-on-year increase of 60% to CNY 8 billion [4]

对于鸿鹄基金进展，新华资产管理股份有限公司总裁陈一江表示，试点基金共三期，三期基金7月初开 始启动，目前进展顺利。公司计划累计出资462.5亿元。从投资的方向范围来看，三期基金投资范围包 括，与中证A500指数成分股中符合条件的大型上市公司A+H股。标的公司标准包括治理良好、经营运 作稳健、股息相对稳定、流动性较好等。经过一年多实践，投资团队在标的股票选取能力上得到了长足 进步。 （文章来源：新华财经） 新华财经北京8月29日电（记者张斯文）新华人寿保险股份有限公司于29日在京召开2025年中期业绩 会。新华保险管理层表示，公司坚定看好中国经济，充分发挥保险资金"长期资本、耐心资本"优势，坚 持长期投资、价值投资和稳健投资的理念，坚定服务实体经济，有力支持资本市场长期健康发展。 ...

Core Viewpoint - The recent notification issued by multiple government departments enhances the flexibility of the personal pension system in China, allowing for a wider range of withdrawal scenarios and operational guidelines, effective from September 1 [1] Group 1: Personal Pension System - The personal pension system operates on an individual account basis, adhering to a voluntary principle where participants are responsible for their contributions and investment choices [1] - Participants are primarily focused on long-term asset accumulation for retirement rather than seeking high short-term returns, necessitating that pension investment products maintain their "pension attributes" for stable, long-term investment [1] Group 2: Long-term Investment Strategy - Financial institutions are encouraged to adopt a long-term investment philosophy, emphasizing the importance of product stability and avoiding short-term trading behaviors [2] - Regulations require fund managers and sales institutions to implement long-cycle assessment mechanisms, with performance evaluations for pension investment funds not shorter than five years [2] - As of June 2023, personal pension investment products have generated over 390 million yuan in returns for investors, with an average annualized return exceeding 3.4% [2] Group 3: Lifecycle Needs of Investors - Pension investment products must align with the diverse lifecycle needs of investors, particularly catering to middle-aged individuals who support both elderly parents and children, as well as younger participants [3] - The ideal pension financial product system should offer a comprehensive range of options to meet varying investor demands throughout their life stages [3]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 责任编辑：石秀珍 SF183 ...

（责任编辑：马欣） 中国太平洋保险（集团）股份有限公司4月8日表示，作为综合性保险集团，中国太保坚信中国经济长期 向好的基本面没有改变，坚定看好中国资本市场发展前景。中国太保将坚持长期投资、价值投资、稳健 投资，发挥保险资金长期投资优势，做市场真正的耐心资本，加大战略性新兴产业、先进制造业、新型 基础设施等领域投资力度，服务新质生产力发展，为维护市场稳定运行贡献力量。（记者张千千） ...

Group 1 - The core viewpoint of the articles highlights the increasing attractiveness of fixed-income funds amid a volatile equity market, with a significant growth in non-monetary fixed-income fund sizes, exceeding 860 billion yuan in Q2 2023 [1][2] - Longcheng Fund's fixed-income team has shown strong performance, with non-monetary fixed-income fund sizes reaching 111.9 billion yuan by the end of Q2, maintaining over 100 billion yuan for three consecutive years [1][2] - The demand for fixed-income products is characterized by a "rigid" feature due to the ongoing low-interest-rate environment and the increasing wealth management awareness among investors [2][6] Group 2 - The issuance of bond funds in Q2 2023 reached 118.5 billion yuan, significantly surpassing the 94.6 billion yuan issued for equity funds, indicating a strong demand for stable investment options [2] - Longcheng Fund has developed a diversified product matrix to cater to different risk-return profiles, including low-volatility, balanced, and high-yield products [2][8] - The performance of Longcheng Fund's fixed-income products has been consistently strong, with rankings in the top 20% for one, two, and three-year returns across the market [6][8] Group 3 - Longcheng Fund's low-volatility products, such as Changcheng Short Bond and Changcheng Enhanced Income, have demonstrated leading performance in their respective categories, with low volatility rates of 0.86% and 1.92% [3][4] - The stable growth target of the moderate-risk products is exemplified by Changcheng Stable Income, which ranks in the top 30% among ordinary bond funds [4] - High-elasticity products like Changcheng Jiuyue aim for higher returns, with the fund's performance placing it in the top 10% of its category [5] Group 4 - The fixed-income investment landscape has shifted towards a more refined approach, emphasizing the importance of team collaboration and systematic support in fund management [6][7] - Longcheng Fund's research team has expanded its focus to include overseas markets and peer product research, enhancing the strategic and practical aspects of investment decision-making [7] - The clear product positioning and diverse product line of Longcheng Fund allow for effective risk management while capturing investment opportunities in both equity and bond markets [8]

Core Insights - The banking wealth management market has shown growth in both scale and investor numbers, with a total size of 30.67 trillion yuan as of June 2025, reflecting a 2.38% increase from the beginning of the year and a 7.53% year-on-year increase [1][4] - The number of investors holding wealth management products reached 136 million, an increase of 8.37% from the start of the year, generating a total return of 389.6 billion yuan for investors in the first half of 2025 [1][4] - Personal pension wealth management products have seen significant growth, with over 1.439 million accounts opened, a 46.2% increase since the beginning of the year, and a total purchase balance of 110.36 billion yuan [1][11] Wealth Management Product Structure - The wealth management market has a strong focus on stability, with fixed-income products dominating, accounting for 97.20% of the total scale, and low-risk products making up 95.89% of the total scale [4][5] - The average duration of newly issued closed-end wealth management products ranged from 377 to 489 days, with closed-end products over one year accounting for 72.86% of all closed-end products, an increase of 5.71 percentage points from the beginning of the year [8][9] Investor Preferences and Market Dynamics - Investors are gravitating towards low-risk, stable-return products due to the current low interest rate environment and market volatility, with a notable preference for fixed-income products [5][6] - The shift in investor demographics is expected to be gradual, requiring favorable economic conditions, competitive research capabilities from wealth management firms, and a growing understanding of risk and return among younger investors [7][10] Pension Wealth Management Products - The development of personal pension wealth management products is supported by government policies, with an average annualized return exceeding 3.4% for these products [11][12] - The market has seen active participation from wealth management companies, with 35 personal pension products launched, managing over 15.16 billion yuan [11][12] - The future of pension wealth management products is expected to focus on net value management and transparency, enhancing compliance and reducing non-market operations [12][13]