1.公告基本信息 ■ （4）本基金暂未开通转换业务，若后续开通，则转换转入金额将与申购及定期定额投资金额按照不同 份额类别合并后并按照上述金额和规则进行限制。 （5）本基金暂停上述相关业务期间，本基金的赎回等业务和本公司管理的其他开放式基金的各项交易 业务照常办理。 （6）本基金取消或调整上述大额申购及定期定额投资业务限制的具体时间将另行公告。 （7）本公司再次提示投资者合理安排投资计划，由此给投资带来的不便，敬请谅解！ （8）投资者可通过以下途径了解或咨询详请： 本公司网址：www.ftsfund.com 注：人民币份额的限制金额单位为人民币元，美元份额的限制金额单位为美元。 2.其他需要提示的事项 （1）在暂停本基金大额交易业务期间，单日每个基金账户的累计申购及定期定额投资人民币份额的金 额应等于或低于10,000.00元，如单日每个基金账户的累计申购及定期定额投资人民币份额的金额高于 10,000.00元，本公司将有权确认失败。单日每个基金账户的累计申购及定期定额投资美元份额的金额应 等于或低于1,000.00美元，如单日每个基金账户的累计申购及定期定额投资美元份额的金额高于1,000.00 美元，本公 ...

Market Overview - The ETF trading volume reached 4100.49 billion yuan on August 13, with stock ETFs accounting for 1655.01 billion yuan, bond ETFs for 1581.40 billion yuan, money market ETFs for 333.91 billion yuan, commodity ETFs for 38.37 billion yuan, and QDII ETFs for 491.81 billion yuan [1] Fund Market Dynamics - The public fund market has surpassed 10,000 funds, leading to increased selection anxiety among investors [2] - Young investors aged 25 to 35 make up 40% of the market, while the "Z generation" aged 18 to 25 accounts for 20% [2] - Fee competition among platforms is intensifying, with some offering fund purchase rates as low as 10% of the standard [2] Platform Comparisons - Major platforms have distinct features: - Tian Tian Fund excels in professional data and real-time valuation systems [2] - Alipay focuses on user-friendly experiences with unique tools like the "index red-green light" [2] - JD Finance emphasizes competitive fee structures with over 4,000 products [3] - Tencent Licai Tong offers innovative cross-platform integration [3] Sina Finance's Competitive Edge - Sina Finance APP has created a unique ecosystem by integrating information, community, and trading functionalities [4] - It covers 98% of market funds and monitors over 3,000 funds in real-time, allowing seamless execution of investment decisions [4] - The platform's "Target Fund Search" tool matches users with suitable funds based on their investment criteria [4] Community Interaction - Community features on Sina Finance leverage resources from Weibo, enhancing user engagement with professional insights [5] - The "One-Click Follow Investment" function simplifies the process for users to follow fund managers' portfolios [5] - The platform addresses the evolving needs of investors by providing tools that reduce selection anxiety in the crowded fund market [5]

人民财讯8月13日电，据山西发布消息，8月12日，山西省政府与中国诚通集团举行工作会谈。省长卢东 亮、中国诚通董事长奚正平出席。省企双方表示，要加大对接力度，深化基金投资、股权运作、金融服 务、国资国企改革等合作，把双方合作设立的基金，更多投向矿产资源、高端装备制造、绿电园区、特 优农业、文化旅游及康养产业等领域，实现互利共赢发展。 ...

Core Insights - The Z generation is becoming a major force in the fund investment sector, with 40% of investors aged 25-35 and 20% aged 18-25, indicating a shift in wealth management perspectives among younger investors [1][2] - The A-share market's strong performance has created a favorable environment for young investors, as evidenced by the major indices reaching new highs [1] - The rise of mobile internet and social media has lowered investment barriers and accelerated financial literacy among the younger demographic [1] Investment Preferences - 68% of investments are in active equity funds and index funds, reflecting confidence in structural market trends, while 20% is allocated to low-volatility products [3] - The top regions for fund purchases are Guangdong, Jiangsu, and Beijing, highlighting a correlation between economic vitality and investment enthusiasm [3] Strategic Initiatives - JD Finance is transitioning from a "fund sales platform" to an "asset allocation service provider," focusing on a refined fund classification system and AI-driven market insights [2][3] - The platform aims to enhance investor experience by optimizing service models and providing professional tools for investment strategy [3][4] - Future plans include deepening service concepts through technology and professional services to create more value for investors [4]

Core Viewpoint - The Hong Kong Dividend ETF Fund (513820) has shown positive performance with a recent increase in both share price and trading volume, indicating strong investor interest and potential growth in the fund's assets [1] Group 1: Fund Performance - On August 12, the Hong Kong Dividend ETF Fund (513820) rose by 0.92% with a trading volume of 49.49 million yuan [1] - The fund's shares increased by 8 million, bringing the total shares to 2.567 billion, with a total increase of 84 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated at 3.357 billion yuan [1] Group 2: Benchmark and Management - The performance benchmark for the Hong Kong Dividend ETF Fund is the CSI Hong Kong Stock Connect High Dividend Investment Index, adjusted for valuation exchange rates [1] - The fund is managed by E Fund Management Co., Ltd., with fund managers Dong Jin and Yan Yang [1] - Since its establishment on April 24, 2024, the fund has achieved a return of 35.92%, with a one-month return of 4.85% [1]

Core Insights - The A-share market continues to show strength, with all three major indices reaching new highs for the year, indicating increased trading activity [1] - The demographic of young investors is rising, with those aged 25-35 making up 40% and those aged 18-25 accounting for 20%, highlighting the growing influence of Generation Z in fund investments [1] Group 1: Market Performance - The A-share market has shown significant momentum, with all three major indices achieving new annual highs, reflecting a robust trading environment [1] - The trading activity on the market has notably increased, suggesting a positive sentiment among investors [1] Group 2: Investor Demographics - Young investors are becoming a significant force in fund investments, with over 60% of investors aged 25 and under [1] - The platform's user base is characterized by a youthful demographic, indicating a shift in investment behavior towards younger generations [1] Group 3: Investment Preferences - The investment choices of platform users are diverse, with active equity funds and index funds comprising 68% of the portfolio, showcasing investor confidence in structural market trends [2] - Conservative bond funds account for approximately 15%, while "stable income+" products make up 5%, indicating a balanced approach to risk and return among some investors [2] Group 4: Service Enhancements - The fund channel of the platform has undergone a comprehensive upgrade, utilizing AI to capture market trends in real-time and creating four major investment IP matrices [2] - The company aims to enhance its "investor-centric" service philosophy through technology and professional services, focusing on global asset allocation and improving user experience [2]

Core Insights - The proportion of young investors on the platform is continuously increasing [1] Group 1: User Demographics - Nearly 60% of the platform's users are young, with the 25-35 age group accounting for 40% and the 18-25 age group for 20% [1] - The post-95 and post-00 generations (Generation Z) are becoming a significant force in fund investment growth [1]

Core Viewpoint - The article discusses the current state of the A-share market, emphasizing the importance of adjusting fund portfolios and strategies as the market hovers above the 3600-point mark for over ten trading days [2][10]. Historical Bull Markets - The article reviews three significant bull markets since 2000: - The first bull market from June 2005 to October 2007 saw the index rise from 998 points to a peak of 6124 points, a gain of 501% [11]. - The second bull market from June 2013 to June 2015 had the index increase from 1849 points to a peak of 5178 points, a gain of 163.16% [11]. - The third bull market from January 2019 to February 2021 resulted in a 49% increase, with the index rising from 2440 points to 3630 points [11]. Investment Strategies in Bull Markets - Fund companies suggest that during a rising market, investors should review their holdings, confirm the stability of investment strategies and fund management teams, and ensure that the underlying asset allocation aligns with initial goals [6][12]. - Investors are advised to be cautious about blindly increasing their positions due to market rises and should consider their risk tolerance when making adjustments [6][12]. - A "phased strategy" for building positions is recommended, particularly at the current 3600-point level, which is considered a medium valuation range [12][13]. - The focus should be on the fund manager's ability to allocate resources effectively and the product's structural thematic capabilities rather than merely following market trends [13].

为更好服务投资者，京东金融基金频道完成全面升级，通过AI智能洞察实时捕捉市场热点，打造"主动 超额""全球投资""商品实盘""策略目标投"四大IP矩阵。（闫妍） 责任编辑：刘万里 SF014 从用户结构看，平台基金投资者呈现鲜明的年轻化特征：25-35岁的投资者占比约40%，18-25岁的投资 者占比约20%，二者合计占比超半数，成为基金投资的重要增长力量。 投资偏好方面，平台用户的产品选择呈现多元化特征。权益主动类基金和指数基金占比达68%，凸显投 资者对结构性行情的信心；稳健债基占比约15%，稳健"固收+"产品占比5%，两类低波动产品合计占比 20%，反映出部分投资者在追求收益的同时注重风险平衡，形成 "进取为主、稳健托底" 的配置格局。 地域分布上，经济活力与投资热情高度契合，广东、江苏、北京位列最爱买基金的省份前三名。 新浪科技讯 8月12日晚间消息，京东金融数据显示，平台年轻投资者占比持续攀升，25-35 岁群体占比 40%、18-25 岁群体占比 20%，95后及00后等Z世代成为基金投资增长力量。 京东金融依托京东肯特瑞基金有限公司，致力于为投资者提供安全、便捷、智能的投资服务。平台汇聚 了市场 ...

Core Viewpoint - The article discusses internal complaints from a grassroots employee of Shenwan Hongyuan Securities regarding poor performance of a newly launched fund managed by a recently hired star fund manager, raising concerns about the company's management practices and investment strategies [3][10][25]. Group 1: Fund Performance and Management - The employee reported significant losses from the Shenwan Lingshin Industry Select Mixed Fund, which was launched on June 3, 2025, and has since lost 8.23% [9][10]. - The fund's performance is notably poor, ranking 4672 out of 4673 similar funds, indicating a severe underperformance compared to peers [9][10]. - The fund manager, Jia Chengdong, was accused of reckless investment strategies, including high exposure to new consumer stocks and subsequent losses in the banking sector [10][13]. Group 2: Company Structure and Leadership - Shenwan Hongyuan Securities holds a 67% stake in Shenwan Lingshin, indicating a close relationship between the two entities [3]. - Jia Chengdong, the fund manager, was previously recognized for his successful management of other funds, achieving returns of 192.09% and 140.27% in the past [14]. - The current leadership, including Chairman Chen Xiaosheng, has faced criticism for failing to establish a robust investment research framework, leading to disappointing fund performance [25]. Group 3: Market Trends and Fund Launches - Shenwan Lingshin has seen a decline in the number and scale of new fund launches, with only 5 new products in the first half of 2025, totaling 23.02 billion [19]. - The company's total assets under management peaked at 851.8 billion but have since declined, raising concerns about its growth trajectory [16][19]. - The management fees have decreased over the past three years, but marketing service fees have increased, indicating a shift in cost structure [22].