近日，世纪证券上线了智能化专业交易终端"前海领航APP"，旨在通过大数据分析以及云计算等金融科技 手段，提供股票、基金、债券、期权等多元投资交易服务，精准满足不同投资者的需求。世纪证券党委委 员、副总经理谭显荣表示，这是公司加快战略转型，打造差异化竞争优势，建设更优质的交易服务平台， 全面拥抱财富管理时代的具体举措。 在谭显荣看来，相比于大而全的头部券商，中小券商要走出自己的特色化发展道路，关键在于"举公司之力"。 他表示，经过近几年的战略调整，世纪证券内部协同流畅，考核机制明晰，重要项目都是主要领导亲自带队参 与，已形成了一套卓有成效的"作战模式"。新的战略方向自上而下的稳定传递，也能帮助分支机构稳定信心、 指明方向，更加有效地打动客户。 打造量化私募试验田 对于规模有限的中小券商来说，经纪业务既是业绩的"压舱石"，也是公司的"口粮田"。如何精耕细作，以差异 化服务持续为公司贡献可预期收入，是各家中小券商财富管理业务普遍面临的重要议题。 近一两年来，世纪证券战略转型初见成效，财富管理业务也强调"守正创新"，进一步强化零售板块。谭显荣告 诉记者，按照公司党委的部署安排，财富管理业务在保持ETF和量化私募的现有 ...

Market Sentiment - The stock market sentiment is currently very positive, with the ChiNext Index rising by 2%, and all major broad-based indices, except for the Sci-Tech 50, showing positive returns year-to-date [1] Market Data - Two key data points indicate market enthusiasm: 1. Margin financing has seen a net buy for eight consecutive days, which is significant as it parallels previous periods of strong market activity [2] 2. Southbound capital has net bought for 25 consecutive trading days, reflecting a strong inflow similar to a previous period last year [2] Capital Inflows - The article discusses the sources of incremental capital in the market: 1. Southbound capital has net bought approximately 730 billion in the first half of the year, nearing last year's total of 800 billion [4] 2. The "national team" has increased its holdings by nearly 200 billion this year [5] 3. Equity ETFs have seen a net sell of around 14 billion, indicating a sell-off by retail investors [5] 4. Public mutual funds have experienced a reduction of about 100 billion in shares, suggesting monthly redemptions [5] 5. Private equity funds have seen new registrations exceeding 150 billion, with a monthly growth rate of over 10% [6] 6. Insurance and private equity funds have collectively approved over 200 billion, with actual investments slightly above 100 billion [7] Future Outlook - The article outlines several expectations for the market: 1. The pace of southbound capital accumulation is likely to continue [12] 2. Demand for high-dividend stocks from insurance capital remains strong [12] 3. The national team's intervention is expected to be limited under current market conditions [12] 4. If market enthusiasm persists, margin financing and quantitative private equity may lead to more pronounced structural overheating in A-shares [12] 5. The pace of IPOs and tolerance for industrial share reductions will be critical in managing speculation [13] Sector Focus - The article highlights a market focus on technology, particularly related to Apple's foldable screen developments, which has led to significant stock movements in related companies [17]

以下文章来源于i资管工厂 ，作者你们的厂长大大 i资管工厂 . i资管工厂团队核心成员均具有10年以上投资经验，目前在管一只低波、一只中波FOF。我们联合覆盖 了除债券外的绝大多数策略类型，与数百家管理人和金融机构建立了长期联络，能迅速了解业内动向， 为大家挖掘稀缺策略和产品额度。 作者 | 厂长 来源 | i资管工厂 量化罗生门 时隔多年，又见到量化创始人撕逼的故事了。 6月上旬的时候，笔者看到 某量化 的创始人 范思奇写信说，准备卸任基金经理，产品也要清盘了。 理由是自己做的太累了，影响生活质量，自己也没激情了。 该量化随后"澄清"：清盘的只是 范思奇个人管的少量自营盘 ，公司其他产品一切正常。看起来是 场体面分手，当时笔者也就没在意。 结果这两天风向不对了， 一篇标题为《十年努力，一朝背刺》、落款为范思奇的文章广泛流传。 导语： 从现有信息看，策略主要是靖奇投资创始人范思奇负责开发的，现在做策略的核心负责 人撂挑子了，业绩如何，有很大不确定性。 第二，该量化的业绩只能算还行，过去一年来看，和一些真正业绩出色的量化选股产品相比，收益 差的很多，回撤也没优势。 第三，谁对谁错先不论，血泪教训告诉我们—— 创 ...

Core Viewpoint - The recent turmoil between Jingqi Investment and its co-founder Fan Siqi has raised questions about the company's internal dynamics and future, following Fan's resignation and subsequent claims of being ousted from the firm [1][8][10]. Group 1: Resignation and Clarification - On June 10, Fan Siqi announced his resignation as the fund manager of Jingqi Investment, stating that most of the funds he managed would enter liquidation by the end of the month due to personal pressures and loss of passion for the industry [1][5]. - Jingqi Investment clarified on June 12 that the liquidation mentioned by Fan only pertained to a small portion of self-managed products and would not affect the overall operations of the company, which continues to function normally [5][6]. Group 2: Shareholder Dynamics - Following the resignation, Fan Siqi accused the other shareholders of orchestrating a "backstab" during a hastily arranged shareholder meeting, which led to his loss of access and communication with employees [8][10]. - Current data shows that Fan Siqi holds approximately 42.73% of Jingqi Investment, making him the largest shareholder, while the other two shareholders, Mao Noping and Tang Jingren, hold about 28.64% each [9]. Group 3: Company Performance and Products - Jingqi Investment currently manages assets between 1 billion to 2 billion yuan, with a total of 112 private equity products registered, of which 49 have been liquidated early and 1 delayed, while 62 are still operational [11]. Group 4: Industry Implications - The public conflict among shareholders could harm the company's reputation, potentially leading to reduced investor confidence and affecting relationships with distribution agencies [12]. - Experts suggest that private equity firms should establish clear ownership structures, responsibilities, and internal controls to prevent similar conflicts in the future [13].

"不是夺权。如果马斯克说，明天开始特斯拉关闭，所有车子烧掉，特斯拉股东会议一样会让他停 止。"靖奇投资一位股东对《华夏时报》记者如是表示。然而，范思奇则对本报记者表示，"他们的谎话 前后不一致而且自相矛盾"。 近日，一纸《十年努力，一朝背刺》的控诉，撕开了量化私募行业光鲜外表下残酷的"权力游戏"。 6月22日，上海靖奇投资管理有限公司（下称"靖奇投资"）创始人范思奇在网络上发布一封长信，控诉 自己在一场"提前9分钟通知的股东会"上被自己创立的公司扫地出门。 范思奇称，股东会单方面罢免了他所有职务，随后封锁了他的系统权限、员工联络通道，甚至切断了他 访问自己编写的核心代码的权限。 "这不是一次体面的交接，而是一场彻底的背刺。"范思奇在信中写道。股东会结束后，靖奇投资官方公 众号发文称"祝范思奇早日恢复健康"，被范视为暗示自己有精神问题。 权力争夺"罗生门" 这场风波始于6月11日。当天，范思奇向投资者发出一封信，宣布将于本月卸任靖奇投资基金经理职 务，其管理的基金产品也将进入清盘流程。 在信中，他解释称，近年市场环境变化带来巨大身心压力，管理公司事务、协调合作关系等消耗了绝大 部分时间，影响生活质量并使他失去行 ...

Core Viewpoint - Huashang Fund emphasizes "deep research" and "integrated investment research" to enhance its investment management capabilities, aiming to provide strong support for investors across market cycles [2][11]. Company Overview - Huashang Fund was established on December 20, 2005, with a registered capital of 100 million RMB and is headquartered in Beijing [2][4]. - The company is approved by the China Securities Regulatory Commission and offers professional financial services, including fund raising, sales, and asset management [2]. Investment Performance - The fund has a notable track record, with its actively managed equity funds ranking in the top ten for absolute returns over the past five years, achieving a return of 82.30% [7]. - Over the past seven years, the absolute return for these funds reached 121.79% [7]. - The actively managed fixed income funds have also performed well, ranking first in absolute returns over both five and seven years, with returns of 46.86% and 60.91% respectively [8][9]. Research and Investment Strategy - The investment research framework at Huashang Fund is designed to ensure deep collaboration and efficiency, allowing for real-time information sharing and rapid strategy optimization [11]. - The company encourages its researchers to become industry experts in their respective fields, ensuring that research directly informs investment decisions [11]. Team Structure - The investment team is structured into various departments, including equity investment, quantitative investment, multi-asset investment, and asset allocation, each focusing on specific investment strategies [12]. Awards and Recognition - Huashang Fund has received multiple accolades, including four "Golden Bull Fund Company" awards and numerous product awards, highlighting its strong performance and reputation in the industry [17][20].

近日，已宣布卸任基金经理的靖奇投资创始人范思奇再次发文称，怀着热情和信念创立了靖 奇，但因一场"精心策划"的股东会被清理出局。 范思奇认为， "这不是一次体面的交接，而是一场彻底的背刺" 。其已全权委托律师团队处理 相关事宜。 近日，范思奇以"十年努力，一朝背刺"为标题再度发文，引发广泛关注。 据财联社报道，在最新发文中，范思奇表示，自己在2014年创立了靖奇，和一众员工一起走 到今天。这家公司的一切系统、策略、流程、投资管理体系，都由他一手搭建。 但近日，一场"精心策划"的提前9分钟通知的股东会，将他"合法"地从自己的公司踢出去。 范 思奇失去了系统权限、失去了和员工的联络通道，甚至失去了自己从零开始写的代码。 范思奇称，这不是一次体面的交接，而是一场彻底的背刺。"他们在没有任何书面讨论的情况 下单方面罢免其全部职务，转身就在公司公众号上发文祝他'早日恢复健康'——暗示他精神有 问题。对外则宣称：'靖奇只是走了一个quant（量化分析师）'。" 对此，范思奇表示愤怒，质疑公司股东团队靠什么运营公司，"一个连交易和T都不懂的股东 团队，如何维持一个量化私募正常运作?" 范思奇表示，曾经的他，出于对多年合作伙伴 ...

早盘提示 Morning session notice | 板块 | 品种 | 多（空） | 推荐理由 【行情复盘】 | | --- | --- | --- | --- | | | | | 周三在中美伦敦磋商达成框架协议利好鼓舞下，两市主要指数快速上行，收复周三 的跌幅。两市成交额 1.25 万亿元，有所减量。中证 1000 指数收 6186 点，涨 24 点， | | | | | 涨幅 0.40%；中证 500 指数收 5792 点，涨 34 点，涨幅 0.61%；沪深 300 指数收 3894 | | | | | 点，涨 29 点，涨幅 0.75%；上证 50 指数收 2692 点，涨 15 点，涨幅 0.59%。行业 | | | | | 与主题 ETF 中涨幅居前的是稀土 ETF、稀有金属 ETF、游戏 ETF、锂电池 ETF、证券 | | | | | ETF 龙头，跌幅居前的是大数据 ETF、科创医药指数 ETF、创新药 ETF。两市板块指 | | | | | 数中涨幅居前的是稀土永磁、养殖业、能源金属、游戏、商用车指数，跌幅居前的 | | | | | 是可控核聚变、生物制品、通信工程、日用化工、航天 ...

Core Viewpoint - The founder of Jingqi Investment, Fan Siqi, announced his resignation as fund manager, leading to the liquidation of the funds he managed, which is expected to be completed by the end of the month. He cited rapid market changes and personal stress as reasons for his departure, while indicating that the current stock market presents better opportunities than holding cash [2][3]. Company Overview - Jingqi Investment was established on March 9, 2015, and completed its registration in August of the same year. The company currently has 17 full-time employees and manages assets between 1 billion to 2 billion yuan [3]. - Fan Siqi is the largest shareholder of the company, with co-founder Tang Jing serving as the compliance and risk control head. The company's name is derived from the founders' names [3]. Fund Performance - As of the end of May, Jingqi Investment has three disclosed products, all employing quantitative stock selection strategies. The products are Jingqi Jicheng No. 5 B class, Jingqi Liao Dong No. 2 B class, and Jingqi Ruike No. 5, with excess returns over the past six months reported as ***%, ***%, and ***% respectively [3][4]. - The average return of the company's products over the past year is ***%, ranking fourth among firms managing between 1 billion to 2 billion yuan [3][8]. Future Plans - The funds undergoing liquidation primarily consist of self-managed products by Fan Siqi, which represent a small portion of the company's total management scale. The company plans to handle the liquidation process appropriately and has recently expanded its product line by hiring several new portfolio managers [2][3]. - Future adjustments to the company's equity structure may occur to increase the equity stakes of other partners and enhance team incentives [2].

Core Viewpoint - The resignation of Fan Siqi as the fund manager of Jingqi Investment is attributed to the rapidly changing market environment and the pressures associated with managing company affairs, leading to a loss of passion for the industry [1][2]. Group 1: Company Background - Jingqi Investment was founded in March 2015 by Fan Siqi and his university classmate Tang Jingren, with Fan focusing on strategy and Tang on resources and channels [2][4]. - The company transitioned from proprietary trading to asset management in 2019, achieving nearly 30 times compound returns over six years during its proprietary trading phase, equating to an annualized return of approximately 85% [2][4]. Group 2: Management and Structure - As of the latest update, Jingqi Investment has 17 full-time employees and manages assets in the range of 1 billion to 2 billion RMB [4][5]. - Fan Siqi holds a 36.36% stake in the company, making him the largest shareholder, while Tang Jingren and Mao Noping each hold 27.27% [5][7]. Group 3: Future Plans - The company has arranged a proper liquidation plan for the funds managed by Fan Siqi, with most products expected to complete the liquidation process by the end of the month [1][2]. - Future adjustments to the company's equity structure may occur to increase the stake of other partners [6].