Core Insights - The article emphasizes the importance of continuous learning and time management, especially in a volatile job market where job security is not guaranteed [1][7] - It presents a practical time management strategy that includes creating a structured schedule and eliminating unnecessary tasks to carve out time for personal development [2][5] Time Management Strategy - The individual maintains a busy schedule that includes a full-time job, freelance work, and personal projects, highlighting the need for a sustainable approach to manage multiple responsibilities [2][3] - A detailed weekly schedule is provided, showcasing time allocated for various activities such as DSA practice, freelance work, and relaxation, indicating a balanced approach to productivity [3][4] Key Principles - The article stresses that having a time table is not about strict adherence but serves as a guide to keep one accountable and focused on goals [4][6] - It argues that many people fail to utilize their time effectively, often making excuses instead of taking action, and emphasizes the need to prioritize and eliminate time-wasting activities [5][6] Adaptability - The author acknowledges that while the methods may vary with life circumstances, the core principle of finding one's rhythm and taking control of time remains constant [7] - The focus is on creating a personalized schedule that fosters growth rather than merely replicating someone else's plan [7]

7月4日，A股市场冲高回落，上证指数盘中一度逼近3500点，再创今年以来新高。银行、传媒、综合等 行业板块领涨市场，中信银行、兴业银行、浦发银行等多只银行股创历史新高。整个A股市场超1100只 股票上涨，逾40只股票涨停。市场成交放量，成交额为1.45万亿元。 本周，A股市场反弹，上证指数、深证成指、创业板指分别累计上涨1.40%、1.25%、1.50%，行业板块 中，钢铁、建筑材料、银行行业领涨。题材板块快速轮动，结构性行情持续演绎，一批中报业绩预喜的 股票走势抢眼，华银电力、美诺华、涛涛车业均有显著涨幅，中报业绩逐渐受到关注。 分析人士认为，市场交易情绪从阶段底部逐步升温，市场向上的潜在空间依然较大，未来一段时间，业 绩或再度成为超额收益的关键因素。从各行业看，7月胜率较高的方向主要集中在以军工、新能源为代 表的成长板块，以及钢铁、化工、有色等资源品板块。 ● 本报记者 吴玉华 银行板块表现亮眼 截至7月4日收盘，上证指数上涨0.32%，深证成指、创业板指、科创50指数、北证50指数分别下跌 0.25%、0.36%、0.01%、1.88%，上证指数报收3472.32点，创今年以来收盘新高，创业板指报收21 ...

Market Overview - The market experienced fluctuations with the Shanghai Composite Index reaching a peak near 3500 before retreating, closing at 3472.32, up 0.32% with a trading volume of 567.24 billion [1] - The Shenzhen Component Index fell by 0.25% to 10508.76, while the ChiNext Index decreased by 0.36% to 2156.23, with respective trading volumes of 861.32 billion and 420.45 billion [1] - Strong performances were noted in sectors such as gaming, financial services, semiconductor equipment, and innovative pharmaceuticals, while sectors like non-ferrous metals, telecommunications, and robotics saw declines [1] Technical Analysis - A clear "breakout-pullback-rally" pattern has emerged, indicating a strong market sentiment despite profit-taking pressures near previous highs [2] - The market's trading focus has shifted upward, supported by various key moving averages and critical levels, suggesting a continuation of the strong high-level consolidation [2] Economic Context - The easing of the US-China tariff dispute and the introduction of "anti-involution" policies signal a potential resolution to the "supply-demand mismatch" clouding the Chinese economy [4] - Recent meetings between US and Chinese officials have led to the resumption of exports of key products to China, indicating a positive shift in trade relations [4] Investment Strategy - A "dividend + growth" strategy is recommended, focusing on dividend-paying sectors and growth-oriented stocks that are expected to benefit from economic recovery and liquidity easing [5] - Investors are encouraged to consider sectors like coal and consumer goods, which are aligned with the dividend strategy, alongside growth sectors such as semiconductor equipment and innovative pharmaceuticals [5] Financial Sector Performance - The financial sector, particularly banks, securities, and insurance, has shown strong performance, with ETFs reflecting significant gains [6][9] - High dividend yields and a rebalancing of public fund allocations are driving interest in bank stocks, which currently have a yield exceeding 5% [6] - The ongoing consolidation in the securities industry, with major mergers and acquisitions, is enhancing market optimism and improving competitive dynamics [8] Gaming Industry Insights - The gaming sector is witnessing a dual development path focusing on "IP + quality," with successful titles boosting market sentiment [10][11] - The frequency of game license approvals has increased, providing a supportive environment for industry growth [11] - The integration of generative AI is expected to lower development costs and enhance profitability, further driving the sector's valuation [12]

n 分析师：吕思江 n SAC编号：S1050522030001 n 联系人：武文静 n SAC编号：S1050123070007 0 1 多 维 量 化 轮 动 模 型 ： 资金博弈转为看多成长 1 . 1 本月观点：资金博弈转为看多成长 证 券 研 究 报 告 金融工程月报 资金博弈重归成长 ——7月风格轮动观点 报告日期：2025年7月4日 | 业绩统计 | 创业板指 | 中证红利全收益 | 基准:等权配置 | | 轮动策略 轮动策略/基准 | | --- | --- | --- | --- | --- | --- | | 累计收益 | -21.73% | 89.19% | 28.78% | 259.92% | 176.43% | | 年化收益 | -2.62% | 7.16% | 2.78% | 14.91% | 11.66% | | 最大回撤 | 57.05% | 27.08% | 35.22% | 27.08% | 13.16% | | 年化波动率 | 28.41% | 17.70% | 20.87% | 23.16% | 10.97% | | 年化sharpe | -0.09 | 0.40 | ...

策略配置 2025 年 7 月 4 日 多元资产月报（2025 年 7 月） 全球市场风险偏好逐步回升 证券分析师 | 魏伟 | 投资咨询资格编号 | | --- | --- | | | S1060513060001 | | | WEIWEI170@pingan.com.cn | | 陈骁 | 投资咨询资格编号 | | | S1060516070001 | | | CHENXIAO397@pingan.com.cn | | 刘璐 | 投资咨询资格编号 | | | S1060519060001 | | | LIULU979@pingan.com.cn | | 郭子睿 | 投资咨询资格编号 | | | S1060520070003 | | | GUOZIRUI807@pingan.com.cn | | 郑子辰 | 投资咨询资格编号 | | | S1060521090001 | | | ZHENGZICHEN160@pingan.com.cn | | 陈潇榕 | 投资咨询资格编号 | | | S1060523110001 | 研究助理 平安观点： 策 略 报 告 策 略 月 报 证 券 研 究 报 告 CHENXI ...

Core Insights - The article highlights the strong performance of top investment advisors in the A-share market, with significant excess returns compared to the market average, showcasing their capabilities in a volatile market environment [1][3]. Performance Overview - The average return of the top 300 advisors in the stock trading group reached 27.19%, while the top 10 advisors achieved an impressive average return of 47.41% [2][3]. - In June, the three major indices in the A-share market all showed positive performance, with the Shanghai Composite Index rising by 2.9%, the Shenzhen Component Index by 4.23%, and the ChiNext Index by 8.02% [3]. ETF Group Performance - The average return for the top 200 advisors in the ETF group was 17.34%, with the top 10 achieving an average return of 30.93% [10][11]. - Compared to the benchmark indices, the top advisors significantly outperformed, with the Shanghai Composite Index rising by 5.04% and the Shenzhen Component Index by 5.71% during the same period [11]. Advisor Strategies - Advisors from leading firms like Guangfa Securities and CITIC Securities shared their strategies, focusing on growth stocks and utilizing models like "5+30" to identify high-potential sectors [13][14]. - Risk management strategies were emphasized, including controlling drawdowns and diversifying portfolios to mitigate risks during market fluctuations [15][20]. Institutional Strength - Guangfa Securities, CITIC Securities, and China Galaxy Securities led the rankings in terms of the number of advisors participating in the evaluation, indicating their strong institutional capabilities [23][28]. - The competition among institutions reflects a shift towards a client-centric approach in wealth management, emphasizing the importance of professional capabilities [39]. Future Outlook - Advisors are focusing on sectors with high growth potential, such as innovative pharmaceuticals and aerospace, while also considering macroeconomic factors like Federal Reserve policies [17][22]. - The article suggests that as market volatility becomes the norm, the ability of professional advisors to create value will be crucial for their competitive edge [39].

中国经济网北京7月4日讯 今年上半年，财通基金旗下共有11只基金（各份额分开计算，下同）跌幅超 过15%。 | 来源：同 | | --- | 财通基金上半年跌超15%基金一览 花顺 （责任编辑：康博） 财通成长优选混合A一季度前十大重仓股为奥飞数据、海光信息、南极电商、光环新网、寒武纪、润建 股份、科华数据、协创数据、科泰电源、潍柴重机。 而究其原因，皆因上述这些基金的基金经理主要为金梓才。资料显示，金梓才历任华泰资产管理有限公 司投资经理助理，信诚基金管理有限公司TMT行业高级研究员。2014年8月加入财通基金管理有限公 司，曾任基金投资部基金经理、副总监、副总监(主持工作)、总监、公司总经理助理。现任财通基金管 理有限公司党委委员、副总经理、权益投资总监、基金投资部总经理、基金经理。金梓才累计管理公募 基金的时间超过10年，目前合计管理的基金规模达46亿元。 值得一提的是，虽然在2025年上半年里这些基金表现不佳，但如果从累计收益率看，除了成立于2022年 的财通匠心优选一年持有期混合和成立于2024年的财通价值动量混合C以外，其余基金均获得了正收 益。 即便是成立于大盘下跌年份的2023年的财通景气甄选 ...

主要故事地点四等火车站既写实又写意，具有深广的阐释空间。"我"和母亲在乡村，父亲和哥哥姐姐留 在县城，小小的四等火车站承载了一家人的梦想和希望。幼年的"我"跟随父母往返乡村与车站，脚底起 血泡、新鞋子被偷等细节带读者重返过去，掩卷沉思：多少人就是在匮乏中、在严峻艰辛的条件下寻求 新路，站台见证着亲人的聚散，也见证着对梦想与未来的追求。阿花的奔跑因而格外感人，辛酸与怅惘 随铁轨无限延伸。 作为最早被人类驯服的家畜之一，狗在漫长历史中与人类相依为命，犹如家庭成员。然而，我们对它的 了解又有多深？丘克军的长篇小说《弃犬历险记》（花城出版社出版）讲述的正是"我"与小狗阿花共奔 赴、同命运的成长故事，在跌宕起伏的叙述中，让我们重新理解动物，认识它复杂的感情、记忆和精神 世界。 小说采取倒序法，以小狗追赶火车奔跑的画面吸引我们。"与列车奔跑的狗"也成为整部长篇的引子。作 者娓娓道来，"我"随母亲下放到桂东南老家的崖洞村，村里旺丁叔家养的母狗阿黑格外受欢迎，每次受 孕后狗仔都被预订，但杂交的阿花却被算命先生判为不祥之物而遭订户遗弃，正好"我"家急需一条看家 狗，由此"我"和阿花成了彼此最深的依偎。乡村也在"我"这个城市出生 ...

证券研究报告 | 2025年07月03日 2025 年上半年，A 股市场一波三折，年初至 1 月中旬受风险情绪压制快速下 跌，4 月初再度因美国所谓"对等关税"砸出市场"黄金坑"，整体呈现探 底修复态势，6 月下旬指数三连阳，6 月 26 日盘中 3462 点创年内新高。上 半年万得全 A、上证指数、沪深 300 分别上涨 5.83%、2.76%、0.03%。 分季度来看，一季度 A 股延续震荡筑底，整体表现弱于一致调查值。1 月受 企业盈利与海外不确定性拖累，资金观望情绪浓厚；2 月中美摩擦升温叠加 国内促消费政策发力，指数小幅反弹；3 月货币政策预期宽松，成长板块阶 段性活跃后转向防御风格。二季度市场重心回归基本面与政策博弈，4 月在 美加税冲击下急跌，政策底显现后快速修复；5 月指数反弹至前期阻力位后 震荡调整；6 月在红利兑现、中报预期升温及地缘风险扰动下，市场震荡中 略有上行，结构分化明显，成长风格占优。 风格：小微盘总体占优，大盘价值展韧性 2025 年上半年整体偏均衡稳定，半年维度看微盘强于小盘，小盘强于中盘和 大盘。上半年小盘成长相较大盘价值的风格切换较为频繁，小盘成长顺风期 与市场上涨期高度 ...

今年可以说是我2013年股票开户以来比较关键的一年，之前没上的杠杆上了，之前没有买过的港 股买了，也试了不少策略，如下先做个半年度总结： （1）可转债 可转债是自2015年开始一直在投资的品种，迄今已经有10年的时间了，当时是看了徐大为 老师 的《低风险投资之路》开始的，后来陆续买了安道全的《可转债投资魔法书》，以及饕鬄海、定 风波、优美 三位老师的《攻守-可转债投资实用手册》等书籍，很庆幸一开始就有这些老师们指 导正确的道路对于买入卖出严格执行 的三线法则。10年期间有涨有跌，但是总体没亏钱，帮老 婆打理的纯转债账户最好的年度收益率达到了37%（2021年），最差的年度1.1%（2022年）。 今年年度账户表现也是不错，纯可转债账户收益达到了11%，可以算是超额完成了目标。 （2）B股 B股也是2015年就开的账户，曾经买过一段时间的长安B、粤高速B，后来被震下船。去年10月后 陆续建仓。目前对B股的定位基本上是一个红利+套利的投资组合。套利方面年度经历了杭汽轮B 的套利，2月买入，6月卖出，盈利10%，也算不错。就未来，我判断还会有更多的B股要回归A 股，买上股息率较高、经营相对稳定的B股，等着就是。 港 ...