Core Viewpoint - The Chairman of the China Securities Regulatory Commission, Wu Qing, emphasized that public funds will increasingly focus on the best interests of investors, enhancing individual satisfaction as the "Action Plan for Promoting the High-Quality Development of Public Funds" is implemented [1] Group 1: Fund Growth - Since September of last year, the scale of equity public funds has increased from 7 trillion yuan to 8.3 trillion yuan [1] Group 2: Regulatory Guidance - The China Securities Regulatory Commission will strengthen regulatory guidance to ensure that public funds prioritize investor interests [1]

中国证监会主席吴清5月7日在国新办发布会上说，抓紧出台公募基金投资顾问管理的规定，促进规范发 展。 （新华财经） ...

中国证监会主席吴清5月7日在国新办发布会上表示，证监会将于当日发布《推动公募基金高质量发展行 动方案》。他介绍，改革突出强化公募基金与投资者的利益绑定，将优化主动权益类基金收费模式，业 绩差的必须少收管理费，通过浮动管理费收取机制，扭转基金公司"旱涝保收"的现象。同时，把业绩是 否跑赢基准、投资者盈亏情况等直接关乎投资者切身利益的指标，纳入基金公司和基金经理的考核体 系，督促基金公司从"重规模"向"重回报"转变。(新华社) ...

中国证监会主席吴清在发布会上表示，今天将会发布推动公募基金高质量发展的行动方案。(第一财经) ...

中国证监会主席吴清5月7日在国新办发布会上说，将发布《推动公募基金高质量发展行动方案》。 （新华财经） ...

｜2025年5月7日 星期三｜ NO.1 证券投资收益猛增，42家上市券商一季度全部盈利 A股市场2025年一季报披露落下帷幕，42家上市券商的"成绩单"也浮出水面。受益于资本市场活跃度提 升，整体而言，证券行业业绩水涨船高。东方财富Choice金融终端数据显示，42家上市券商中，有38家 实现了净利润同比增长，其中9家增幅超过100%。2025年一季度，东北证券、国泰海通、国联民生3家 券商净利润同比增幅分别高达859.84%、391.78%、271.95%，位列业绩增幅榜前三。与此同时，第一创 业、中原证券、首创证券、财通证券4家券商净利润同比出现下滑。以"投资收益-对联营合营企业的投 资收益+公允价值变动损益"估算证券投资收益后发现，2025年一季度，42家券商实现证券投资收益 485.66亿元，而上年同期为321.59亿元，同比增幅为51.02%。 点评：证券投资收益猛增，42家上市券商一季度全部盈利，显示资本市场活跃度提升。东北证券、国泰 海通、国联民生净利润同比增幅显著，反映其在市场波动中的盈利能力。尽管部分券商净利润同比下 滑，但整体证券投资收益同比增长51.02%，表明行业整体受益于市场活跃。 ...

Group 1 - Yu Haichun has been appointed as the new chairman of Huafu Fund, succeeding Zhao Wanli who left due to work adjustments. Yu has 34 years of experience in the securities industry [1] - Morgan Fund announced an investment of no less than 54 million RMB in its newly launched equity public fund, demonstrating confidence in the long-term potential of the Chinese capital market [2] - Fangzheng Fubon Fund will invest 5 million RMB of its own funds in the Fangzheng Fubon CSI All Share Free Cash Flow ETF, also committing to hold for at least one year [2] Group 2 - As of March 2025, the total net asset value of public funds in China reached 32.22 trillion RMB, with 163 fund management institutions [3] - In March, various types of funds saw net subscriptions, with stock funds reaching 3.4 trillion shares, a 1.29% increase from the previous month [3] - QDII funds experienced the highest subscription activity in March, with a 3.57% increase in shares, totaling 562.68 billion shares [3] Group 3 - Over 70% of actively managed equity funds have increased their holdings in Hong Kong stocks, with a total market value increase of 98.25 billion RMB in the first quarter, reaching a three-year peak [4] - The average allocation to Hong Kong stocks among these funds rose to 25.79%, the highest level in five years [4] Group 4 - Wanminyuan has slightly reduced its holdings in Dongfang Biology, with the number of shares held decreasing from 4.71 million to 4.22 million in the first quarter of 2025 [5] - The fund managed by Wanminyuan is identified as the Rongtong Health Industry Fund [5] Group 5 - The Yi Nuo Si company has seen an increase in holdings by the Zhongou Medical Health Mixed Fund managed by Ge Lan, which now holds 403,100 shares, up from 99,500 shares at the end of the previous year [7] - Yi Nuo Si specializes in providing comprehensive R&D services for high-quality innovative drugs in the biopharmaceutical sector [7] Group 6 - On April 30, the market showed mixed performance, with the Shanghai Composite Index down 0.23% and the Shenzhen Component Index up 0.51% [8] - The total trading volume in the Shanghai and Shenzhen markets reached 1.17 trillion RMB, an increase of 147.2 billion RMB from the previous trading day [8] - AI-related ETFs in the Sci-Tech Innovation Board saw significant gains, while bank stocks collectively adjusted downwards [8]

2025年4月30日，麒麟信安(688152.SH)发布2025年第一季报。截至2025年4月30日，共有12个机构投资 者披露持有麒麟信安A股股份，合计持股量达2265.45万股，占麒麟信安总股本的28.77%。其中，前十 大机构投资者包括长沙扬睿企业管理合伙企业(有限合伙)、长沙捷清企业管理合伙企业(有限合伙)、湖 南高新创业投资集团有限公司、长沙扬麒企业管理合伙企业(有限合伙)、长沙麟鹏企业管理合伙企业(有 限合伙)、中金公司-中国银行-中金聿铭10号集合资产管理计划、中国建设银行股份有限公司-信澳新能 源产业股票型证券投资基金、招商银行股份有限公司-中欧科创主题3年封闭运作灵活配置混合型证券投 资基金、国投证券股份有限公司-博时上证科创板人工智能交易型开放式指数证券投资基金、招商银行 股份有限公司-中欧智能制造混合型证券投资基金，前十大机构投资者合计持股比例达28.53%。相较于 上一季度，前十大机构持股比例合计上涨了0.09个百分点。 公募基金方面，本期较上一期持股增加的公募基金共计2个，包括信澳新能源产业股票、申万菱信乐道 三年持有期混合，持股增加占比达0.30%。本期较上一季度持股减少的公募基金 ...

Group 1 - Dongxin Co., Ltd. (688110.SH) reported its Q1 2025 financial results on April 30, 2025, with 13 institutional investors holding a total of 197 million shares, representing 44.55% of the total share capital [1] - The top ten institutional investors collectively hold 44.42% of the shares, with a slight decrease of 0.68 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, two funds increased their holdings, while four funds decreased their holdings, with a total reduction of 0.34% [2] - Three new public funds disclosed their holdings this quarter, while 123 funds were not disclosed compared to the previous quarter [2]

发布时间：2025-04-30 研究所 分析师:肖承志 SAC 登记编号:S1340524090001 Email:xiaochengzhi@cnpsec.com 近期研究报告 《年报效应边际递减，右侧买入信号 触发——微盘股指数周报 20250427》 - 2025.04.27 《动量波动分化，低波高涨占优—— 中邮因子周报 20250427》 - 2025.04.27 《OpenAI 发布 GPT-4.1，智谱发布 证券研究报告：金融工程报告 GLM-4-32B-0414 系列——AI 动态汇总 20250421》 - 2025.04.23 《国家队交易特征显著，短期指数仍 交易补缺预期，TMT 类题材仍需等待— —行业轮动周报 20250420》 - 2025.04.21 《小市值强势，动量风格占优——中 邮因子周报 20250420》 - 2025.04.21 《基本面与量价共振，如遇回调即是 买点——微盘股指数周报 20250420》 - 2025.04.21 《Meta LIama 4 开源，OpenAI 启动先 锋计划——AI 动态汇总 20250414》 - 2025.04.15 《融资盘被动 ...