"在热带雨林中，既有高大乔木，也有各种类型的苗木和无数灌木。这些树木品种不同，生命周期 也不同，但可以在同一个环境中互相依赖、融合生长。"浦发银行上海分行科技金融部总经理钟泉向 《金融时报》记者描述了"科创热带雨林"的服务构想,"我们希望聚合资源，打造热带雨林式的科创生态 圈，让科技型企业有良好的成长环境，实现科技金融的有效供给。" 随着对科技企业发展需求的深入理解，科技金融服务也在走向纵深。为解科创企业发展之渴，银行 的科技金融服务也经历了从提供专业化产品到综合化金融服务再到全生命周期科技企业服务生态阶段。 近年来，浦发银行加速推进"数智化、平台化、生态化"建设，坚持"商行+投行+生态"一体化服务模 式，深化"股、债、贷、保、租、孵、撮、联"的业务打法，构筑起包括产品、技术、合作伙伴等多元同 心的服务模式，向科技型企业提供长周期、立体化、多元化的综合服务，成为科技金融生态系统里的重 要枢纽。截至2024年一季度末，浦发银行已服务科技型企业6万户，贷款余额超5300亿元，在股份制银 行中位居前列。 据浦发银行上海张江科技支行副行长方怡菁介绍，与传统的评级完全不同，"浦投贷"运用了创新的 科技企业"打分卡模式" ...

2025年以来，全球科技板块迎来新一轮爆发式增长浪潮，人工智能、机器人、半导体等硬科技领域成为资本市场焦点。 上述背景下，永赢基金重磅推出科创增强ETF（交易代码：588520；认购代码：588523），并于6月11日起重磅发行。作为全市场首批4只科创综指增 强策略ETF之一，该产品将延续永赢基金量化投资的优势，为投资者布局中国"硬科技"核心资产提供高效新选择。 据悉，永赢基金高度重视指增产品的布局。2024年，公司率先布局科创100和中证A50指增产品，其中科创100指增为业内首批产品，成立以来收益率 已达24.09%①；2025年，永赢进一步完善产品矩阵，继发行中证A500指增产品后，此次推出科创增强ETF是其宽基增强系列的重要突破。 | | 自基日以来Beta | 自基日以来涨跌幅 | 区间行情涨跌幅 | | --- | --- | --- | --- | | 科创综指 | 1.18 | 17.20% | 67.80% | | 科创50 | 1.08 | -0.47% | 52.57% | | 中证A500 | 0.96 | 1.49% | 48.88% | | 沪深300 | 0.91 | -5.01 ...

上证报中国证券网讯（胡尧 记者 赵明超）随着市场行情回暖，基金公司积极布局下半年发行市 场。据数据统计，7月以来全市场新成立基金数量已突破50只。7月7日当天有31只基金同步启动认购。 业内人士表示，基金发行市场"暖风频吹"，既折射出机构对后市信心的修复，也透露出资金配置方向的 结构性变化。 （责任编辑：康博） 以7月7日的发行数据来看，权益类产品成主力，新发的17只权益类基金占比超50%。ETF领域"硬 科技"元素密集，当日发行的11只ETF及联接基金中，成长风格产品占比超过五成，包括汇添富中证机 器人发起式联接、华夏创业板软件ETF、华安国证航天航空行业ETF、鹏华上证科创板芯片ETF、兴业 上证科创板综合价格ETF以及工银上证科创板200ETF等6只产品，涵盖机器人、软件、航空航天、芯片 等前沿赛道。业内人士认为，产业景气度与政策红利形成共振，有望吸引资金提前布局。此外，当日债 券基金市场同样迎来创新品种，由富国、易方达、博时等头部公募发行的10只科创债ETF集体亮相，预 计将带来约300亿元的新增规模。 ...

Core Viewpoint - The article discusses the growth and development of Yuanjie Technology in the optical chip sector, highlighting its transition from a startup to a leading domestic supplier, driven by market demand, technological advancements, and strategic positioning in both domestic and global markets [2][3][4]. Group 1: Company Development - Yuanjie Technology was established in 2013 and has focused on the optical chip field, adopting an IDM model that integrates various production processes [2]. - The company has successfully transitioned from primarily serving the telecommunications market to becoming a leading supplier in both the telecommunications and data communication markets [3]. - Yuanjie Technology's product range includes optical chips for 2.5G, 10G, 25G, 50G, and 100G applications, as well as CW light sources and automotive lidar light sources [2]. Group 2: Market Opportunities - The company benefits from China's largest single market for optical chips, with domestic companies capturing a significant share of the telecommunications market [4]. - The demand for optical chips in data centers has been increasing, providing opportunities for domestic companies to grow and compete globally [4][5]. - The global imbalance in supply and demand for optical chips, particularly in high-end markets driven by AI data centers, presents further opportunities for Chinese manufacturers to expand internationally [5]. Group 3: Competitive Strategy - Yuanjie Technology emphasizes the importance of long-term commitment to research and development in the rapidly evolving optical chip market [6]. - The company is increasing its investment in high-speed and high-power optical chips, as well as optimizing production processes to enhance efficiency and reduce costs [7]. - The company aims to leverage its global presence and partnerships with top-tier clients to stay ahead in technology trends and market demands [9]. Group 4: Global Integration - The article highlights the progress made by Chinese manufacturers in overcoming the "bottleneck" issues in the optical chip sector, with Chinese firms now occupying over half of the top positions in the global optical module market [8]. - Yuanjie Technology is focusing on globalizing its customer base and production capacity to mitigate risks and enhance its competitive edge [9]. - The company plans to deepen its global strategy to secure a more significant role in the international optical chip industry [9].

Market Overview - The A-share market has shown signs of recovery, leading to a strong rebound in actively managed equity funds, with over 90% of products seeing net value increases this year, and 1,126 funds reaching new highs since their inception [1][2] - As of August 7, the Shanghai Composite Index rose by 0.16% to 3,639.67 points, marking a new annual high, while the Shenzhen Component Index and the ChiNext Index experienced slight declines [1] Fund Performance - The year has seen significant performance divergence among actively managed equity funds, with top performers achieving returns close to 130%, while the worst performers faced declines exceeding 18% [2] - The leading sectors contributing to fund performance include innovative pharmaceuticals, hard technology, and new consumption, prompting many high-performing funds to limit purchases and new products to attract capital [2] Fund Issuance and Dividends - On August 7, 10 new funds were launched, primarily focusing on bond and equity types, with a notable fundraising target of 6 billion yuan for the CITIC Prudential Stable and Interest Rate Bond Fund [2] - A total of 15 funds declared dividends, with the highest payout being 3.8419 yuan per 10 shares from the Guotai Junan Jinan Energy Heating Closed Infrastructure Securities Investment Fund [2] Fund Registration Trends - The recovery in the A-share market has led to a surge in private securities product registrations, with 1,298 products registered in July alone, a month-on-month increase of 18%, marking a 27-month record [2] - Year-to-date, a total of 6,759 products have been registered, reflecting a year-on-year increase of 61.39%, with index-enhanced strategies seeing a 52% increase in registrations [2] Top Performing Funds - The best-performing fund on August 7 was the Qianhai Kaiyuan Hong Kong-Shenzhen Core Resource Mixed Fund C, with a daily growth rate of 5.2471%, followed closely by its counterpart A [4] - In the stock fund category, the top performer was the Huabao CSI Rare Metals Index Enhanced Fund A, with a daily growth rate of 2.3076% [5]

一、机构"假摔"实锤：科技军工成吸金重地 今日机构操作堪称"声东击西"： 老铁们，帮主拍案！今日大盘玩了一出"指数红彤彤，个股绿油油"的戏码——沪指涨0.16%创新高，超3000只个股却关灯吃面！但龙虎榜里藏着的才是真江 湖：机构一边砸盘创新药光伏，一边狂扫半导体军工，游资更是锁死稀土永磁，三路主力正上演"明修栈道，暗度陈仓"的大戏！ 帮主点睛：机构玩的是"假摔洗盘"——借创新药（千红制药遭净卖1511万）、光伏（德业股份被章盟主割肉）制造恐慌，实则调仓硬科技！ 二、游资"锁仓"稀土半导体：政策+订单双驱动 游资今日火力全开： • 稀土永磁：章盟主2300万强封宁波韵升，游资圈疯传"反制牌将出+精矿涨价12%"。 • 半导体：作手新一3500万主封富满微，5G射频芯片量产突破（绑定比亚迪80%订单）成硬核逻辑。 • 暗线联动：佛山系游资1亿抢筹利德曼，借医疗重组噱头玩短线套利，但机构已净卖1.5亿（警惕高开埋人！）。 散户防坑指南：跟风股如金力永磁（无实单）、创新医疗（机构净卖1.5亿）需果断砍仓，游资跑路快如闪电！ 三、主力与散户的认知差：三招识破"假冲锋" 二十年扒主力底裤的帮主，教你三招看穿虚实： 1. ...

Market Overview - A-shares showed mixed performance with the Shanghai Composite Index reaching a new high for the year, closing up by 0.16%, while the Shenzhen Component Index and the ChiNext Index fell by 0.18% and 0.68% respectively [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.8255 trillion yuan [1] ETF Performance - The top-performing ETF was the Rare Earth ETF managed by E Fund (159715), which rose by 3.50%, followed by other rare earth ETFs with gains exceeding 3% [2] - The innovation drug sector experienced a decline, with the top ETF in this category, the Innovation Drug ETF managed by Huatai-PB, falling by 3.09% [5] Industry Insights - The global trade environment is changing, with the U.S. imposing a 25% tariff on Indian goods in response to India's import of Russian oil. Germany plans to establish a 100 billion euro fund focusing on key raw materials to ensure supply chain security [3] - The non-ferrous metals sector is expected to see continued price increases for rare earths and tungsten, supported by orderly competition in the energy metal industry [3] - The innovation drug sector is witnessing breakthroughs in payment mechanisms and internationalization, with over 100 drugs being submitted for inclusion in the national innovation drug catalog and a significant increase in BD transactions [5] Trading Activity - The Short-term Bond ETF (511360) had the highest trading volume at 24.789 billion yuan, followed by the Yinhua Daily Profit ETF (211880) and the Huabao Tianyi ETF (211990) with volumes exceeding 20 billion yuan [6] - The 5-Year Local Government Bond ETF (511060) had the highest turnover rate at 223%, indicating strong trading activity in this segment [7] New Listings - The Sci-Tech 200 ETF (589200) is set to launch, tracking the Sci-Tech 200 Index, which focuses on small-cap, liquid stocks from the Sci-Tech board, highlighting the development of China's capital market [8]

老铁们，帮主拍案！沪指半日勉勉强强涨0.12%，半导体却杀疯了——富满微20CM冲天炮，斯达半导 秒封板！ 但您细品：医疗器械冲高回落像坐过山车，CRO板块直接扑街，西部材料这类小金属更是跌 得妈都不认。二十年扒主力底裤的老炮告诉你：这分化行情里，藏着三条暗线，更有个致命陷阱！ 一、半导体爆发的三把火：政策、技术与资金的共谋 二、盘面三大异常信号：聪明钱已亮明底牌 1.2万亿天量成交，钱没跑却在疯狂搬家！医疗器械冲高回落（利德曼炸板），CRO集体扑街（海特生 物跌8%），说明医药这波纯属游资短炒，机构根本不接盘。 更诡异的是小金属：西部材料跌超7%，但云南锗业却逆势翻红——分化背后是"军工订单定生死"！西 部材料军品占比仅30%，而云南锗业给歼-35供砷化镓衬底，军品订单锁到2030年。 富满微敢封20CM，靠的是车规级芯片拿下比亚迪80%订单；斯达半导秒板，凭的是碳化硅模块良率冲 到95%碾压英飞凌！但这只是明牌—— → 政策火种：半导体设备退税新政本周落地，北方华创订单排到2026年，设备商躺赚； → 技术突围：中芯国际7nm良率破90%，华为麒麟芯量产倒计时，产业链上下游跟着喝汤； → 资金迁移：新能源 ...

当"硬科技"科创芯片ETF（588200）成为全市场科技细分赛道规模领先的ETF，当被公认为"AI"应用含 量最高的ETF之一的软件ETF（159852）成为全市场规模领先的软件类ETF…… 嘉实基金在ETF领域的前瞻性布局已然显现成效，不仅印证了嘉实对AI时代到来时"硬科技+软实力"驱 动产业逻辑的前瞻判断，更展现了其将复杂科技趋势转化为清晰投资工具的能力。 中国的经济增长创造了巨大的市场beta，但真正考验投资能力的，是在beta行情里，识别出谁能跑得更 快、更远、更稳。 在AI重构百业的今天，一场广泛且深刻的科技变革正在如火如荼地展开，AI以前所未有的速度渗透到 各个行业。过程中，芯片扮演着至关重要的角色，它是AI算力的物理载体，也是技术突破的底层驱动 力，其性能直接决定了AI的发展速度和落地能力。从科技产业的发展逻辑看，最先发力且具备长期投 资价值的产业一定有它。 聚焦科创板、更具科技创新属性、高弹性、爆发力强、0.15%管理费结构……上市于2022年9月30日的 科创芯片ETF（588200）作为当前市场上规模领先的芯片ETF，虽然不是首批成立的芯片ETF，但却因 在每一轮芯片启动时展现出更强爆发力 ...

Market Overview - On August 6, the Hang Seng Index experienced a slight increase of 0.03%, closing at 24,910 points, with the Hang Seng Tech Index rising by 0.2% to 5,532 points[1] - The total market turnover was HKD 215.2 billion, indicating a gradual decrease in trading activity this week but still maintaining an active level[1] - Net inflow from the Hong Kong Stock Connect was HKD 9.4 billion[1] Sector Performance - The cyclical sectors surged due to "anti-involution" policies, with Morningstar Paper (1812 HK) and Nine Dragons Paper (2689 HK) both rising by 10.8%[1] - Technology stocks showed mixed performance; Tencent (700 HK) rose by 1.7%, while Alibaba (9988 HK) increased by 0.6%, but Meituan (3690 HK) and Baidu (9888 HK) fell[1] - Airline stocks faced significant pressure after Cathay Pacific (293 HK) reported a 9.7% drop in performance[1] Economic Indicators - The U.S. ISM Non-Manufacturing Index unexpectedly fell to 50.1 in July, indicating a slowdown in service sector growth, with new orders showing minimal growth and employment continuing to decline[3] - Rising costs were highlighted, with raw material and service price indicators reaching their highest levels since October 2022, reflecting the impact of tariff uncertainties on supply chains[3] Real Estate Market - In the week ending August 3, the transaction volume of new homes in 30 major cities fell to 161 million square meters, a year-on-year decline of 17.7%[5] - The cumulative transaction volume of new homes in first-tier cities showed a mixed trend, with Beijing down 1.9% and Guangzhou up 14.2% year-on-year[6] Policy Outlook - The Central Political Bureau emphasized the need for sustained macroeconomic policies, including proactive fiscal measures and moderately loose monetary policies, to enhance economic recovery[9] - The real estate sector is expected to benefit from upcoming specific measures aimed at promoting housing demand and inventory reduction[12]