Group 1 - The issuance of equity funds is accelerating, with an average of less than half a month for a product to complete the fundraising to establishment process [1] - As of May 19, 2023, at least 23 new products are expected to be launched this week, with 16 being equity products, accounting for approximately 70% of the total [1] - The average subscription period for these equity products is 12.56 days, indicating strong market interest [1] Group 2 - The recent issuance includes 14 stock-type funds, all of which are index or enhanced index funds, reflecting a strong demand for low-cost, high-transparency passive investment tools [2] - The China Securities Regulatory Commission has introduced a plan to enhance the scale and proportion of equity investments in public funds, optimizing the registration process for equity funds [2] - As of May 19, 2023, 345 equity funds have been established this year, representing a year-on-year increase of 30.19% [2] Group 3 - The structural characteristics of the market reflect a recovery in market confidence and the penetration of passive investment concepts in asset allocation [3] - Current policies, upgraded demand, and product innovation are creating a favorable ecosystem for the development of equity funds, particularly index-based tools [3]

"固收+权益"产品统计范围为理财公司发行的6~12个月投资周期的"固收+权益"公募产品，且近1年每个完整的自然月均为正收益；混合类产品统 计范围为理财公司发行的3个月（含）以内投资周期的混合类公募产品；权益类产品统计范围为理财公司发行的权益类公募产品。"固收+权益"和 权益类产品统计区间为近一年。混合类产品统计区间为近三月。 三大类产品统计截止日期为2025年5月15日，上榜产品每周均有净值披露。榜单排名来自理财通AI全自动化实时排名，如您对数据有疑问，请在 文末联系助理进一步核实。 | गण सेवा | 产品名称 | 管理人 | 净值赠长 M | 最大回撤 | 年代波动 ष्ट्र | | --- | --- | --- | --- | --- | --- | | | 稳享灵动慧利日开5号 (365天持有期)私银尊 | 交银理财 | 5.95% | 0.12% | 1.69% | | | 를 | 销售机构:中信银行/光大银行/北京银行 | | | | | | 启明增强周享(360天 持有)1号固收类A | 平安理财 | 5.65% | 0.00% | 0.25% | | | | 销售机构:平安理财 | | ...

Core Viewpoint - The Shanghai Stock Exchange (SSE) is conducting specialized training for commercial bank wealth management companies to enhance their capabilities in managing equity assets, focusing on investment, trading, policy interpretation, and risk control [1] Group 1: Training Objectives - The training aims to guide commercial bank wealth management companies in building their equity asset management capabilities [1] - It emphasizes the importance of expanding transformation and upgrading paths for these companies [1] Group 2: Key Focus Areas - The training includes a focus on SSE's ETF innovation business, analyzing market trends, product features, and introducing diversified investment tools to broaden asset allocation strategies [1] - It systematically reviews trading processes and strategies to enhance professional skills in cross-border investment and equity trading [1] - The program provides timely updates on issuance and underwriting policy dynamics, ensuring compliance with regulatory requirements to mitigate business risks [1] - It explains the details and execution standards of SSE's abnormal trading monitoring rules, combining case studies with rule interpretation to improve the ability to identify and respond to abnormal trading [1]

上交所近日在京举办专场培训，针对商业银行理财公司权益类资金入市提供多维度的政策和实操培训。 此次培训旨在引导商业银行理财公司聚焦权益类资产管理能力建设，从帮助理财公司拓宽资产配置思 路、统梳理交易流程与策略、及时传递发行与承销政策动态以及筑牢交易安全防线等四个维度出发，构 建投资和融资相协调的金融市场生态，充分释放ETF在引入中长期资金方面的效能，持续壮大"长钱长 投"规模。(智通财经) ...

本期，《机警理财日报》重点关注"固收+权益"、混合类、权益类三大含权理财产品业绩表现。 数据说明： "固收+权益"统计范围为理财公司发行的投资周期在3—6月（含）的公募固收+权益产品，且近6月每个完整的自然月月末均为正 收益；混合类统计范围为理财公司发行的1—3年（含）投资周期的公募混合类产品；权益类统计范围为理财公司发行的权益类 公募产品。混合类产品的统计区间为近一年，"固收+权益"产品和权益类产品统计区间为近六月。三大类产品统计截止日期为 2025年5月8日。榜单排名来自理财通AI全自动化实时排名，如您对数据有疑问，请在文末联系助理进一步核实。 | 10 स्व | 产品名称 | 管理人 | 净值增 长座 | 最大回撤 | 三百 百万 动率 | 卡玛比率 | | --- | --- | --- | --- | --- | --- | --- | | | 幸福99鸿益(双债 增强)100天持有 博 | 杭银理财 7.26% | | 0.99% | 2.65% | 14.7845 9429 | | | | 销售机构:厦门银行/杭州银行 | | | | | | (2) | 三福添利6个月份 有期固定收益类第 | ...

结构上，科技相关的宽基指数或将显著受益，值得关注，包括科创50指数以及半导体芯片有关的指数。 【光大策略|张宇生】《推动公募基金高质量发展行动方案》对市场的影响——策略周专题 从整体影响来看，《》或将推动更多中长期资金流入A股市场，增强市场韧性。 当前权益类公募基金规模占比仍相对较低，在政策的引导下，权益类基金占比有望持续提升，为A股市场带来大量 的增量资金。 市场在未来或将处于"弱现实、弱情绪"或"弱现实、强情绪"情景，对应于防御与成长风格的轮动，防御风格主 要关注稳定类或高股息行业，成长风格下关注主题成长及独立景气行业。 【光大策略|张宇生】《推动公募基金高质量发展行动方案》对市场的影响——策略周专题 风险提示：政策实施进度不及预期；市场情绪显著回落；经济增速水平大幅不及预期；中美关系大幅恶化。 结构上，科技相关的宽基指数或将显著受益，值得关注，包括科创50指数以及半导体芯片有关的指数。 此外，盈利能力强且业绩稳健的行业或将受到公募基金的青睐，包括家用电器、银行、交通运输、食品饮料、非 银金融等行业，其中，被基金低配的部分行业或值得重点关注，包括银行、交通运输以及非银金融等行业。 从整体影响来看，《》或将 ...

Core Viewpoint - The "Action Plan for Promoting the High-Quality Development of Public Funds" was officially released on May 7, outlining 25 specific measures to guide the future high-quality development of the public fund industry, in line with the directives from the Central Political Bureau and the new "National Nine Articles" [1] Group 1: Development of Public Funds - The plan emphasizes increasing the scale and stability of equity investments in public funds, promoting various onshore and offshore index funds, and developing theme-based stock index funds aligned with national strategies [3] - The public fund industry is encouraged to enhance its asset management capabilities to drive innovation in equity funds, with standardized products like ETFs being central to future development [3] - As of April 2025, the company has strategically laid out 46 ETF products, creating a comprehensive toolbox for all-weather asset allocation [3] Group 2: Investment Research and Management - The plan calls for strengthening core investment research capabilities by establishing an evaluation index system for fund companies, encouraging resource investment, and supporting a multi-strategy research system [5] - The company is implementing a "Small Giant Plan" to stabilize fund managers' investment styles and enhance their core competitiveness within their capability circles [5][6] - The company is moving towards an "industrialized" investment system, focusing on modular capabilities and integrating individual expertise into replicable company-wide capabilities [6] Group 3: Performance Evaluation and Fee Structures - The plan highlights the importance of performance benchmarks for fund products, aiming to create a decision-making mechanism that reflects fund managers' investment styles [8] - A long-term performance evaluation system of three to five years is mandated to enhance the stability of public fund investment behaviors and promote balanced capital market financing [9] - The introduction of floating fee rate products linked to fund performance is encouraged to align the interests of fund managers and investors, enhancing investor satisfaction [6]

中国太保：积极把握政策机遇 稳步做好权益类资产及战略性新兴产业配置 金十数据5月9日讯，近日举行的国新办新闻发布会上，一揽子金融政策重磅发布，包括进一步扩大保险 资金长期投资试点范围、进一步调降保险公司股票投资风险因子等。中国太保表示，此次政策调整将进 一步拓宽保险资金配置空间，通过风险因子优化降低权益资产资本占用，引导长期资金更高效服务实体 经济与资本市场稳定。同时，长周期考核机制等举措，与保险资金长期属性高度契合，有助于公司更从 容布局优质资产，提升跨周期投资能力。未来，中国太保将积极把握政策机遇，稳步做好权益类资产及 战略性新兴产业配置，充分发挥保险资金长期稳健优势，助力中国经济高质量发展。 ...

NO.3 4月A股新开户192万，高于去年7个月份 2025年4月，A股市场新开户数突破192万户，较上月数据有所回落，但整体仍维持稳健态势。如何看 192万新开户数？2025年1月A股新开户总数仅为157万户，2月的284万户较1月实现了近翻倍增长，3月 突破了300万户，4月受市场震荡影响新开户数有所回落，但较1月仍增长22.57%。放在去年月度新开户 数据中来看，与2024年4月新增147万户开户数相比，同比增长达30.6%。结合2024年全年开户数据对 比，192万户高于去年的7个月份。 点评：4月A股新开户192万，显示市场参与度仍较高。尽管较上月有所回落，但同比去年增长显著，表 明投资者信心有所恢复。新开户数的增加可能对券商板块形成利好，带动相关股票的活跃度。整体来 看，市场活跃度的提升有助于增强市场流动性，对股市的长期健康发展具有积极意义。 ｜2025年5月9日 星期五｜ NO.1 12家券商+177亿元！证券公司首批科创债来了 科创债发行主体扩容之后，券商积极响应。沪深交易所官网显示，5月8日，中信证券、国泰海通、华泰 证券、中国银河、申万宏源证券、中信建投、招商证券、东方证券、平安证券、长城 ...

5月7日，中国证监会印发《推动公募基金高质量发展行动方案》（以下简称《行动方案》），以25条具体举措直 击行业痛点，从收费模式改革、利益绑定机制、投资者服务能力到权益投资规模等多维度发力，旨在构建规范、 透明、开放、有活力的资本市场生态。 证监会主席吴清在国新办新闻发布会上指出，此次改革的核心是 "以投资者为本"，通过优化基金运营模式、完善 考核评价体系、提升权益投资能力等措施，推动行业回归 "受人之托、代人理财" 的本源。 值得关注的是，改革直指行业考核 "指挥棒"，要求提高基金公司高管、基金经理跟投本公司管理产品的比例和锁 定期要求。具体来看，基金公司股东和董事会对公司高管的考核，基金投资收益指标权重不低于50%；对基金经 理的考核，基金产品业绩指标权重不低于80%。对基金投资收益全面实施长周期考核机制，其中三年以上中长期 收益考核权重不低于80%。 此外，《行动方案》督促基金公司建立健全与基金投资收益挂钩的薪酬管理制度，对三年以上产品业绩低于业绩 比较基准超过10个百分点的基金经理，要求其绩效薪酬应当明显下降；对三年以上产品业绩显著超过业绩比较基 准的基金经理，可以合理适度提高其绩效薪酬。 《行动方案》 ...