《金融时报》记者注意到，在近期召开的地方两会上，多地政府工作报告中提及"企业年金扩面"， 将其作为提升民生保障水平的重要抓手。例如，北京市提出推动企业年金和个人养老金精准扩面；浙江 省提出扩大企业年金覆盖面；广东省提出大力发展企业年金；河南省提出，深入实施企业年金扩围三年 行动、国有企业建立年金全覆盖计划。 不久前，人力资源社会保障部与财政部联合印发《关于进一步做好企业年金工作的意见》明确提 出，各类企业、社会团体、基金会、民办非企业单位以及其他符合条件的用人单位及其职工，可以按照 规定建立企业年金。 在政策支持下，企业年金将进入扩面提质的新阶段。作为企业年金市场主要的受托人与投资管理 人，保险业正通过制度创新、产品优化与长期稳健的投资策略，助力夯实居民养老财富储备。 多维创新激活中小企业参与动能 企业年金是企业及其职工在参加基本养老保险基础上自主建立的补充养老保险，由企业与职工共同 缴费，职工退休时可额外领取一份养老金。根据规定，企业缴费每年不超过上年度职工工资总额的 8%，企业与职工缴费合计不超过工资总额的12%。 作为养老保险第二支柱的重要组成部分，企业年金已成为职工养老收入的重要补充。人力资源和社 会 ...

（文章来源：证券日报） 证券日报网讯 2月10日，中国人寿在互动平台回答投资者提问时表示，公司一直以来坚持资产负债匹配 原则和长期投资、价值投资、稳健投资理念，把握市场机会做好跨周期投资布局。具体情况请关注公司 定期报告。 ...

Core Insights - The article emphasizes a fundamental, valuation-driven investment approach focused on identifying businesses with potential for long-term growth and significant terminal value [1] Investment Philosophy - The investment strategy is centered around understanding core business economics, including competitive advantages, unit economics, reinvestment opportunities, and management quality [1] - The goal is to translate these factors into long-term free cash flow generation and shareholder value creation [1] Professional Background - The individual has 10 years of self-educated investment experience and currently manages personal funds sourced from friends and family [1] - The motivation for sharing insights on Seeking Alpha is to provide valuable investment analysis and receive feedback from the investment community [1] Analytical Approach - The focus is on sectors with strong secular tailwinds, indicating a preference for industries poised for growth [1] - The analysis aims to be both analytical and accessible, targeting readers interested in high-quality, long-term investment opportunities [1]

Group 1 - The core point of the article is that the company,交银国际, announced the acquisition of a CICC bond worth $10 million, which is expected to provide long-term investment opportunities and stable returns with reasonable risk [1] Group 2 - The acquisition was made by the company's wholly-owned subsidiary, Preferred Investment, at a purchase price of $100 per bond [1] - The total cost of the acquisition is approximately $10 million, equivalent to about HKD 78.5 million [1] - This strategic move allows the company to utilize its capital resources effectively while aiming for stable investment returns [1]

岁序常易，华章日新。当农历丙午马年的灯火渐次点亮，我们驻足回望，与您共同走过的又一轮投资四 季。 回顾2025年，A股市场在复杂多变的环境中持续演进。投资者面对的市场图景日益丰富，这对自身的 认知能力提出了更高要求。在这一背景下，投资者教育不再只是知识的传递，更是应对不确定性、筑牢投 资根基的重要陪伴。作为深耕证券投资咨询领域的专业机构，汇正财经始终将投教工作视作与投资者共同 成长的过程，我们以专业解析市场，以陪伴传递温度，致力于在风云变幻的市场中，为每一位投资者的前 行之路点亮一盏灯。 汇正财经系统性打造"多元融合、全程相伴"的投教内容体系，通过文字、影像、动 画、访谈、广播等多种形式，构建了立体生动的投教矩阵。我们以多重视角解读市场，用深入浅出的方式 普及知识，全年持续输出覆盖入门到进阶的内容，旨在陪伴投资者走过不同投资阶段。 在此，我们回顾过 去一年的耕耘与沉淀，既是对2025年投教旅程的真诚记录，也为即将到来的丙午之年积蓄力量。知识的价 值，在于转化为决策的底气，我们愿持续做好这场"长期的陪伴"，与投资者一路同行。 步履不停：让投资 认知在行走中生根 我们始终秉持"以投资者为本"的使命，通过带领投资者 ...

Core Viewpoint - The rise of the "New Three Golds," consisting of money market funds, bond funds, and gold funds, reflects a shift in investment preferences among young people, moving away from traditional savings to diversified asset allocation [1][3][4] Group 1: Investment Trends - Over 21 million users are expected to adopt the "New Three Golds" by the end of 2025, with nearly half being young individuals [1] - The decline in bank deposit interest rates has made traditional savings less attractive, prompting young investors to seek alternatives [1][3] - The combination of high liquidity, stable returns, and risk mitigation offered by the "New Three Golds" aligns with the investment needs of younger generations [1][3] Group 2: User Experience and Accessibility - The "New Three Golds" are characterized by low entry barriers, ease of operation, and a user-friendly experience on internet financial platforms [3] - Intuitive design and transparent performance metrics enhance the investment experience, making it more accessible and less intimidating for young investors [3] Group 3: Financial Literacy and Planning - The adoption of the "New Three Golds" signifies a growing financial literacy among young people, who are increasingly focused on proactive investment strategies rather than passive savings [3][4] - Financial institutions are urged to shift from product-centric to customer-centric approaches, emphasizing innovation, service enhancement, and refined risk management to meet the evolving needs of consumers [4]

■ 邢 萌 其次，上市公司要夯实内在投资价值，中介机构要勤勉尽责，为市场提供优质资产供给。 建设长期投资生态，关键在于重塑以优质资产为核心的市场价值体系。上市公司、中介机构作为资产的 创造者与守护者，其行为直接决定资本市场的"资产成色"。 上市公司要立足主业、强化治理，以真实透明的经营与可持续的成长夯实价值基础；中介机构需恪尽职 守，严把准入关口并强化持续监督，确保资产供给质量。二者共同筑牢市场信任根基，推动形成"优质 资产吸引长期资金、长期资金培育优质资产"的良性循环，持续增强资本市场吸引力。 日前，中央金融委员会办公室、中央金融工作委员会在《求是》杂志发表《锚定建设金融强国目标 走 好中国特色金融发展之路》强调，"建设培育鼓励长期投资的资本市场生态"。 一个成熟的资本市场，离不开长期资金的坚实支撑。长期资金既是熨平市场短期波动、增强资本市场韧 性的"压舱石"，更是为科技创新、产业升级和基础设施建设输送稳定资金的"助推器"，能够加速新旧动 能转换，为经济高质量发展注入持久动力。 笔者认为，建设培育鼓励长期投资的资本市场生态，是应时应势的战略之举，既契合了资本市场深化改 革的内在需求，也回应了产业转型的现实呼 ...

2025年5月，中国证监会正式印发《推动公募基金高质量发展行动方案》（以下简称《行动方案》）， 明确提出"加强透明度建设"的改革任务。在业内人士看来，随着行业二十余年来的持续发展，公募基金 信息披露标准体系不断健全，对于提升行业规范性和透明度、保护投资者合法权益起到了重要作用，但 在实践中也暴露出一些问题亟需解决。 近日，中国证监会就《公开募集证券投资基金信息披露内容与格式准则第2号—定期报告的内容与格 式》（以下简称《准则》）向社会公开征求意见，中国证券投资基金业协会同步就《证券投资基金信息 披露XBRL模板》（以下简称《XBRL模板》）征求行业意见。 信披内容更加突出"以投资者为本"的理念。《行动方案》明确提出要综合展示产品中长期业绩、业绩比 较基准对比、投资者盈亏情况等信息。据此，基金业协会将在本次《XBRL模板》中，要求管理人在年 报、半年报、季报中新增产品过去7年、10年中长期业绩，不再披露过去1个月的业绩，引导行业更加注 重"长期投资、价值投资"理念；同时，要求管理人在年报、半年报中披露过去1年主动管理的股票型和 混合型基金盈利投资者占比情况。 此外，监管导向上更加偏重提升投资行为稳定性。当前，部 ...

日前，中央金融委员会办公室、中央金融工作委员会在《求是》杂志发表《锚定建设金融强国目标走好中国特色金融发展 之路》强调，"建设培育鼓励长期投资的资本市场生态"。 一个成熟的资本市场，离不开长期资金的坚实支撑。长期资金既是熨平市场短期波动、增强资本市场韧性的"压舱石"，更 是为科技创新、产业升级和基础设施建设输送稳定资金的"助推器"，能够加速新旧动能转换，为经济高质量发展注入持久动 力。 笔者认为，建设培育鼓励长期投资的资本市场生态，是应时应势的战略之举，既契合了资本市场深化改革的内在需求，也 回应了产业转型的现实呼唤，更为金融服务实体经济搭建起稳固桥梁。市场各方需锚定建设金融强国的目标，同向而行、协同 发力，打造让长期资金"愿意来、留得住、发展好"的市场生态。 首先，资本市场要优化适配长期投资的制度供给，畅通长期资金入市渠道，稳定市场预期。 长期资金具有规模大、期限长、追求稳健回报的特点，这从根本上决定了其对制度环境的高度依赖——必须构建稳定、透 明、可预期的制度环境。 ■邢萌 这就需要监管部门聚焦长期资金核心诉求，持续优化适配制度设计，推动"长钱"真正实现"长投"。一方面，持续拓宽各类 养老金、保险资金等入 ...

Core Viewpoint - The rise of the "New Three Golds," consisting of money market funds, bond funds, and gold funds, reflects a shift in investment preferences among young people, moving away from traditional savings to diversified asset allocation [1][2][3] Group 1: Investment Trends - Over 21 million users are expected to adopt the "New Three Golds" by the end of 2025, with nearly half being young individuals [1] - The decline in bank deposit interest rates and the volatility of the stock market have led young investors to seek safer and more stable investment options [1][2] - The combination of high liquidity, stable returns, and defensive attributes in the "New Three Golds" creates a balanced investment strategy [1][2] Group 2: User Experience and Preferences - Internet financial platforms offer low entry barriers, ease of operation, and a user-friendly experience, making it easier for young investors to engage with these funds [2] - The design of these platforms enhances transparency and reduces the complexity traditionally associated with financial products, aligning with the preferences of younger investors [2] - Young investors are transitioning from passive savings to active investment strategies, focusing on long-term wealth accumulation and financial literacy [2][3] Group 3: Industry Implications - The emergence of the "New Three Golds" indicates a need for the financial industry to shift from a product-centric to a customer-centric approach [3] - Financial institutions are encouraged to innovate products, upgrade services, and refine risk management to meet the demands for safe, profitable, and liquid financial products [3]