7月10日，截至港股收盘，恒生指数上涨0.57%，报24028.37点。稀镁科技（00601.HK）收报0.09港元/ 股，上涨12.5%，成交量939万股，成交额79.08万港元，振幅12.5%。 镁金属被认为是继钢铁、铝合金之后的第三大金属结构材料,特别是镁合金产品在航太、国防、运输和 高精技术领域运用所表现出的优异性能,在"绿色经济"不断深化的今天,镁合金产业将迎来了一个倍受关 注,大力发展,广泛应用的新时代。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 行业估值方面，一般金属及矿石行业市盈率（TTM）平均值为-2.74倍，行业中值-0.17倍。稀镁科技市 盈率-0.12倍，行业排名第68位；其他兴合控股（01891.HK）为2.63倍、爱德新能源（02623.HK）为2.63 倍、沪港联合（01001.HK）为2.73倍、康利国际控股（06890.HK）为2.82倍、兴业合金（00505.HK） 为3.38倍。 资料显示，稀镁科技集团控股有限公司(股份代号:00601)("稀镁科技"或"本集团")是世纪阳光集团控股有 限公司(香港交易所股份代号:00509)控股 ...

作为一名固收投资经理，置身近几年的债券市场，可谓是有喜有忧。喜的是债券市场依然还是处于偏强的 走势中，债券的配置依然可以博取一定的资本利得收益；忧的是随着低利率环境的到来，债券产品未来配 置的收益显然无法达到投资者预期，投资难度越来越大了。 实际上，回顾2025年上半年乃至近几年债券市场的行情，都可以发现 中长期低利率环境的拐点还未到来 ，即使是今年2至3月因为资金收紧导致的市场回调，4月关税风云带来的利率快速重回下行轨道。因此， 这几年业内经常有"每逢回调都是买入机会"的说法，意思是债市长期牛市的格局不变，但个别时点波动率 会大幅上升。不过，值得关注的是，截至今年6月，市场并没有突破之前的利率低点，其实已经反应了短 期内利率进一步下行空间有限的这一市场共识。 低利率环境下，所有的固收投资经理都需要面对一个重要难题——如何获取超额收益？债券投资的三板 斧，无非就是信用债的挖掘、拉升久期、增加杠杆。回顾这几年的市场行情，2023年主要是"化债"背景下 的信用债、城投债行情，投资策略可以挖掘信用债，增加杠杆；2024年则是 "适度宽松货币政策"背景下 的长久期利率债行情，投资策略可以大幅增加久期，买入30年国债； ...

今年以来，中小市值策略成为量化投资的蓝海，尤其是小市值指增策略持续火热，备受市场关注。 据证券时报·券商中国记者了解，多家头部量化私募旗下相关产品年内收益率超过20%，部分甚至高达30%，超额收益表现亮眼。私募排排网最新数据也显示，上半 年百亿量化私募获利丰厚，平均收益率达13.54%，且全部实现正收益。 不过，随着小盘股估值的快速拉升，投资者警惕回撤风险，中小市值策略的持续性将面临考验。部分头部量化私募已开始优化策略模型，适当收紧风险敞口，甚至 选择封盘。 中小市值指增策略火热 自2024年9月以来，市场风格轮动频繁，大盘股表现乏力，而中小市值股票却频频走强。今年以来，小微盘股更是持续创新高，弹性十足。 其中，最具代表性的是中证2000指数，年内涨幅已达到16.41%，远远跑赢其他指数。与沪深300、中证500和中证1000指数相比，中证2000指数进一步聚焦小微 盘股。 据证券时报·券商中国记者了解，随着沪深300、中证500指增赛道的不断拥挤，中小市值股票则以其高波动性和充足的交易机会，成为量化策略争相布局的新蓝 海。一些头部量化私募纷纷调仓换股，显著增加了中小市值股票的配置比例。 记者从第三方渠道获悉 ...

Core Viewpoint - The recent implementation of quantitative trading regulations aims to enhance the precision of high-frequency trading supervision and impose strict constraints on abnormal trading, reshaping the market ecology and promoting the standardized development of the quantitative industry [2] Group 1: Quantitative Long Strategy Performance - The article highlights the performance of quantitative long products in the first half of the year, focusing on those with assets under management exceeding 500 million [2] - The top-performing quantitative long products are categorized by strategies such as quantitative stock selection, CSI 500 index enhancement, CSI 1000 index enhancement, and CSI 300 index enhancement [2] Group 2: Quantitative Stock Selection - The quantitative stock selection strategy relies on mathematical models and statistical analysis to avoid subjective emotional interference, allowing for the processing of data from thousands of stocks [3] - As of June 30, 2025, the average excess return of 144 quantitative stock selection products was ***%, with the top three products being "Zeyuan Shen Sheng No. 7 A Class" from Shenzhen Zeyuan, "Jiuming Qianliang No. 1" from Jiuming Investment, and "Liangying Risheng Exclusive No. 1 A Class" from Liangying Investment [3][5] Group 3: CSI 500 Index Enhancement - The CSI 500 index enhancement products aim to seek additional returns beyond the index through quantitative methods [6] - As of June 30, 2025, the average excess return of 139 CSI 500 index enhancement products was ***%, with the top three being "Xinhong CSI 500 Index Enhancement No. 2 A Class" from Xinhong Tianhe, "Xiangmu Yongfu" from Xiangmu Asset, and "Abama Ruixue Fengnian Quantitative Selection" from Abama Investment [6][8] Group 4: CSI 1000 Index Enhancement - The CSI 1000 index enhancement products focus on actively managing investments to exceed the index benchmark [9] - As of June 30, 2025, the average excess return of 86 CSI 1000 index enhancement products was ***9%, with the top three being "Xiangmu Wangjiang No. 2" from Xiangmu Asset, "Anzi Geek CSI 1000 Enhancement No. 1 A Class" from Anzi Fund, and "Zizhu No. 2" from Tiange Investment [9][10] Group 5: CSI 300 Index Enhancement - The CSI 300 index enhancement products aim to achieve excess returns through quantitative stock selection and derivative tools [12] - As of June 30, 2025, the average excess return of 24 CSI 300 index enhancement products was ***%, with the top three being "Jiu Zhang Huan Fang CSI 300 Quantitative Multi-Strategy No. 1" from Ningbo Huan Fang, "Mingcong Stable Growth No. 2" from Mingcong Investment, and "Tote CSI 300 Index Enhancement No. 2" from Tote (Sanya) Private [12][16] Group 6: Other Index Enhancements - Other index enhancement products cater to high-net-worth individuals, including various indices such as the National Securities 2000, Sci-Tech Innovation Board Index, and others [17] - As of June 30, 2025, the average excess return of 52 other index enhancement products was ***%, with the top three being "Liangchuang Quantitative Beizheng Stock Selection No. 1 A Class" from Liangchuang Investment, "Shengguanda Stock Quantitative No. 2 C Class" from Shengguanda, and "Longqi Technology Innovation Selection No. 1 C Class" from Longqi Technology [17][20]

今年以来，中小市值策略成为量化投资的蓝海，尤其是小市值指增策略持续火热，备受市场关注。 据券商中国记者了解，多家头部量化私募旗下相关产品年内收益率超过20%，部分甚至高达30%，超额收益表 现亮眼。私募排排网最新数据也显示，上半年百亿量化私募获利丰厚，平均收益率达13.54%，且全部实现正 收益。 不过，随着小盘股估值的快速拉升，投资者警惕回撤风险，中小市值策略的持续性将面临考验。部分头部量化 私募已开始优化策略模型，适当收紧风险敞口，甚至选择封盘。 中小市值指增策略火热 自2024年9月以来，市场风格轮动频繁，大盘股表现乏力，而中小市值股票却频频走强。今年以来，小微盘股 更是持续创新高，弹性十足。 其中，最具代表性的是中证2000指数，年内涨幅已达到16.41%，远远跑赢其他指数。与沪深300、中证500和 中证1000指数相比，中证2000指数进一步聚焦小微盘股。 据券商中国记者了解，随着沪深300、中证500指增赛道的不断拥挤，中小市值股票则以其高波动性和充足的交 易机会，成为量化策略争相布局的新蓝海。一些头部量化私募纷纷调仓换股，显著增加了中小市值股票的配置 比例。 记者从第三方渠道获悉，由于聚焦中小 ...

首批公募基金2025年二季报披露。 近期，同泰基金、德邦基金、汇安基金旗下部分基金产品率先披露基金二季报，覆盖了债券型基金和权益类基 金，作为最早亮相的基金产品，其持仓动向与投资观点受到市场关注。 具体来看，率先披露二季报的多只主动权益和债券基金二季度调仓幅度较大。 权益类基金大调仓 今年二季度，A股市场分化较大，结构性机会不断涌现。红利方向因高股息防御属性受资金青睐，银行指数二 季度涨幅超12%；小盘股表现突出，Wind微盘股指数持续创新高，二季度涨幅超20%；新消费和创新药在1个 多月内收获超20%涨幅；PCB、光模块等业绩高增方向二季度末开始发力；5月份，稳定币题材也迎来大涨， 金融科技指数低点以来涨幅超30%。 7月9日，同泰基金旗下三只权益类基金率先披露基金二季报。作为最早亮相的股票型基金和混合型基金二季 报，其持仓动向与投资观点备受市场关注。 上天天基金APP搜索【777】注册即可 领500元券包，优选基金10元起投！限量发放！先到先得！ 同泰远见混合基金作为市场上为数不多的北交所主题主动权益类基金，二季度继续聚焦北交所市场，前十大重 仓股全部为北交所上市公司，包括锦波生物、贝特瑞、曙光数创等。这 ...

研究早观点 2025 年 7 月 10 日 星期四 市场走势 【今日要点】 【行业评论】非银行金融：行业周报（20250630-20250706）-程序化交 易细则实施，行业多项排名出台 【公司评论】凯立新材(688269.SH)：凯立新材点评报告-持续践行分红 政策，25Q1 营收、净利高速增长 资料来源：最闻 国内市场主要指数 | 指数 | | 收盘 | 涨跌幅% | | --- | --- | --- | --- | | 上证指数 | | 3,493.05 | -0.13 | | 深证成指 | | 10,581.80 | -0.06 | | 沪深 | 300 | 3,991.40 | -0.18 | | 中小板指 | | 6,608.04 | -0.11 | | 创业板指 | | 2,184.67 | 0.16 | | 科创 | 50 | 983.11 | -0.89 | 李召麒 执业登记编码：S0760521050001 电话：010-83496307 邮箱：lizhaoqi@sxzq.com 2019 年 2 月 21 日 星期四 请务必阅读最后股票评级说明和免责声明 1 研究早观点 【今日要点】 ...

Core Viewpoint - The rapid development of artificial intelligence (AI) is transforming the financial investment sector, particularly in FOF (Fund of Funds) investment, where AI demonstrates significant potential in asset allocation and risk management [1][2]. Group 1: Event Overview - The 9th AI&FOF Investment Innovation Development Forum will be held on July 18, 2025, at the Ritz-Carlton Hotel in Shanghai, focusing on the theme "Smart Calculation Future: Quantitative Leap" [1][2]. - The forum aims to gather professionals from various fields, including FOF investment, quantitative investment, and asset management, to share insights and promote the integration of technological innovation and practical application [2]. Group 2: Organizers and Support - The forum is co-hosted by 排排网 Group and Century Securities, a state-controlled full-license securities company established in 1990, which provides comprehensive financial services centered around capital markets [2]. - 公募排排网, a licensed public fund sales platform under 排排网 Group, supports the forum and has established partnerships with over 80 institutions, offering a wide range of products and services to 3.2 million investors [3]. Group 3: Key Participants and Discussions - Notable industry figures, including Wu Xianmin from Century Securities and Feng Ji from Beiyang Quantitative, will deliver keynote speeches sharing unique investment insights and industry perspectives [3]. - The forum will feature two roundtable discussions with various experts discussing hot topics in FOF and quantitative investment, fostering in-depth exploration and collaboration [4]. Group 4: Networking Opportunities - A special "Quality Private Fund Closed-Door Exchange Meeting" will be organized, facilitating one-on-one meetings between 15 institutional investors and 30 private fund institutions to explore cooperation opportunities [4][5].

Core Viewpoint - The article highlights the growth and performance of Mengxi Investment, a leading quantitative asset management firm in China, emphasizing its innovative strategies and strong market positioning [3][24]. Company Overview - Mengxi Investment, established in 2016, is recognized as a pioneer in the domestic quantitative industry, leveraging data mining, statistical analysis, and software development to create a comprehensive quantitative asset management platform [3]. - As of June 30, the average return for Mengxi Investment's products over the past year reached ***%, ranking in the top 10 among quantitative private equity funds [3]. - The company has achieved a significant asset management scale of over 110 billion yuan and employs more than 90 staff members [3][7]. Development History - The company was registered in Shanghai in 2016 and began developing asset management strategies in 2017 [6]. - By 2020, Mengxi Investment managed assets worth 10 billion yuan and had 40 employees, entering the whitelist of several institutions [6]. - The asset management scale grew to 40 billion yuan by 2022, with 60 employees, and reached over 110 billion yuan by 2025 [7]. Core Strategies - Mengxi Investment employs a multi-factor stock selection model, utilizing over 200 global data sources to build a diversified factor library [9]. - The current strategies focus on index enhancement and market-neutral stock strategies, with significant positions in major domestic indices [9]. - The company has developed a short-cycle strategy that has shown low historical excess drawdown and low correlation with peers, providing differentiated returns for investors [9]. Research and Development Team - The research team consists of over 60 members with strong educational backgrounds in mathematics, physics, and chemistry from globally recognized institutions [10]. - The team operates under a "large group" research model and a "small group" incentive model to enhance efficiency and achieve optimal results [10]. Core Advantages - Mengxi Investment maintains a leading position in the low-latency trading sector, with deep integration of AI technologies [12]. - The company emphasizes building a robust talent pipeline, ensuring that talent development precedes strategy and management scale [13]. - The firm has invested significantly in IT upgrades and new equipment, maintaining a competitive edge in technology [15]. Product Line - The company offers various quantitative products, including the Mengxi National Index 2000 Quantitative Fund and the Mengxi Wind Small Cap Index Fund, which focus on short-term trading strategies [16][17]. - The performance of these products has been strong, with returns and annualized returns reaching impressive levels since their inception [17]. Awards and Recognition - Mengxi Investment has received multiple awards, including recognition as a top private equity manager and for its innovative quantitative strategies [21][22][23]. Social Responsibility - The company actively engages in social responsibility initiatives, encouraging employees to participate in charitable activities and offering incentives for blood donation [24]. - Mengxi Investment aims to balance economic benefits with social value, striving to create sustainable long-term returns for investors [24].

智通财经7月10日电，今年小市值风格占优，量化私募业绩亮点多，百亿量化私募持续扩容。其中，蒙 玺投资的管理规模突破百亿，新晋百亿量化私募。截至目前，百亿量化私募数量增至41家，在数量上首 次超过百亿主观私募（40家）。另据私募排排网显示，百亿量化私募中，上海地区数量最多，以20家规 模占比接近一半。北京、海南、杭州的数量分别有10家、4家、3家。（智通财经记者 闫军） 百亿量化私募增至41家 蒙玺投资新晋百亿 ...