在全球气候危机日益加剧、经济转型升级迫在眉睫的当下，宝励社协会以"可持续投资引领者"的独特定 位，大胆创新，将金融工具与公益实践深度融合，为社会的可持续发展注入了源源不断的动力。 绿色金融：守护生态的资本力量 宝励社协会积极投身绿色金融领域，以资本之力守护生态底线。在绿色债券创新实践方面，协会精心策 划并发行了一系列绿色债券，2023年初，协会发行了绿色债券，所筹资金专项用于西北地区的大型风力 发电项目。该项目预计每年可减少二氧化碳排放量数万吨，有效推动了当地能源结构的优化。同时，协 会大力培育碳交易市场，通过组织专业培训、搭建交流平台等方式，提高市场参与者对碳交易的认知和 操作能力。 金融向善：破解全球性挑战 宝励社协会的实践充分证明，当金融资本摆脱短期逐利思维，转而成为社会创新的催化剂时，将释放出 巨大的能量。它不光能创造可观的经济价值，还能有效破解教育公平、医疗可及、气候应对等全球性挑 战。在贵州榕江水灾中，协会迅速捐赠款物、组织志愿者行动，展现了金融向善的力量。 在社区养老服务闭环构建方面，宝励社协会在多个社区设立了养老服务中心，以成都某社区为例，2024 年初，宝励社协会投入100万元建立了养老服务 ...

Thani bin Ahmed Al Zeyoudi博士阁下 阿联酋外贸部长 Sultan bin Saeed Al Mansoori阁下 迪拜商会主席 Dawood Al Shezawi AIM Global Foundation主席 迪拜，阿联酋, Oct. 06, 2025 (GLOBE NEWSWIRE) -- 全球领先投资平台AIM投资峰会组委会正式宣布，以“重塑全球繁荣：开启迈向可持续与包容性未来的全新投资途径”为主题的第15届盛会即将启幕。 AIM投资峰会定于2026年4月13日至15日在阿联酋迪拜世界贸易中心 (DWTC) 举行。 作为全球公认的、致力于引领可持续投资趋势的顶级盛会，AIM投资峰会将探讨应对重大经济变革的战略。 本届盛会旨在探索加强全球伙伴关系的新视野，推动创新解决方案，应对紧迫的全球经济挑战。 AIM投资峰会将强调整合创新、可持续性和包容性，以构建更具韧性和适应性的经济体系，实现持续增长。 对此，阿联酋外贸部长兼AIM投资峰会主席Thani bin Ahmed Al Zeyoudi博士阁下表示：“面对地缘政治、经济与科技领域的全球性深刻变革，各国亟需 ...

以下是论坛上提出的六大主题要点： 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 高盛在其2025年全球可持续投资论坛上提出六大主题投资机会，强调在不确定的宏观环境下，基础设施 可靠性和人口老龄化将成为推动投资的关键因素。 他们提出，当前能源与水资源需求激增、基础设施老化、极端气温与天气事件频发，在此背景下，"可 靠性" 相关投资被列为优先投资方向，具体包括基础设施建设与能效提升解决方案，核心目标是保障电 力持续供应、水资源稳定输送及水质清洁。 发达市场人口老龄化，这一趋势为 "劳动力获取" 创造了新机遇，使 "便捷获取劳动力" 成为企业的竞争 优势之一。 能源领域：电力需求增长加速，推动全方位能源采购，市场对核能的长期发展前景持 乐观态度。 劳动力领域：劳动力获取与技能再培训日益成为潜在的制约因素，同时也是企业间的 差异化竞争点。 人工智能领域：AI 正颠覆劳动力市场与电力市场，投资者与企业当前更关注 "AI 能为 可持续发展带来多大益处"，并寻求这一收益的 ...

Core Viewpoint - The National Social Security Fund (NSSF) reported a strong investment performance for 2024, with a total investment income of 218.42 billion yuan and an investment return rate of 8.10%, reflecting a strategic focus on stable growth and risk management in a volatile market environment [3][5][7]. Investment Performance - In 2024, the NSSF achieved an investment income of 218.42 billion yuan, with realized income of 43.65 billion yuan and a fair value change of trading assets amounting to 174.77 billion yuan [3][5]. - The average annual investment return since the fund's inception is 7.39%, with cumulative investment income reaching 1.90 trillion yuan [4][6]. Asset Allocation - As of the end of 2024, the total assets of the fund amounted to 3.32 trillion yuan, with direct investments accounting for 28.55% and entrusted investments for 71.45% [5]. - Domestic investments made up 86.82% of the total assets, while overseas investments constituted 13.18% [5]. Strategic Focus - The NSSF emphasizes a systematic approach to investment, balancing strategic asset allocation with tactical adjustments to manage risks effectively [7]. - The fund is committed to increasing investments in key sectors aligned with national strategies, such as clean energy and technology innovation, to support sustainable development [11][13]. Stock and Fixed Income Investments - The NSSF maintains a positive outlook on domestic stocks, leveraging long-term capital advantages and focusing on index-based investments to enhance efficiency [9][10]. - In fixed income investments, the fund has increased allocations to bank deposits and domestic and foreign bonds, capitalizing on favorable interest rate conditions [10]. Sustainable Investment Practices - The NSSF is integrating sustainable investment principles into its operations, increasing investments in clean energy to support national carbon reduction goals [12][13]. - The fund is also aligning its investment strategies with international sustainable development trends, enhancing its framework for sustainable investments [13].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 股票投资方面，坚定看好国内股票的长期投资价值，发挥长期资金和耐心资本优势，从长周期角度开展 投资；密切跟踪资本市场和监管政策动态，优化完善二级资产配置分析框架，不断探索通过产品体系配 置实现稳定正贡献；加快推进指数化投资工作，设立复制指数产品，为进一步提高股票投资质效打好基 础。着力完善境外股票投研体系，适时优化调整存量结构；坚持底线思维，加强境外资产风险防范。境 内外股票投资均取得较好收益。 全国社会保障基金理事会9月30日发布的《全国社会保障基金2024年度报告》显示，2024年，基金投资 收益额为2184.18亿元，投资收益率为8.10%。其中，已实现收益额436.51亿元（已实现收益率 1.64%），交易性资产公允价值变动额1747.67亿元。基金自成立以来的年均投资收益率为7.39%，累计 投资收益额为19009.98亿元。 社保基金会相关负责人表示，2024年，社保基金会加强市场研判，因时因势制订"稳中求进、以进促 稳"的配置策略，在资本市场波动中，坚定信心，保持战略定力不动摇，维持股票风险敞口基本稳定， 获得了A股市场反弹 ...

Core Insights - The National Social Security Fund achieved an investment income of 218.42 billion yuan in 2024, with an investment return rate of 8.10% [1][2] - The fund's total assets reached 3.322 trillion yuan by the end of 2024, with domestic investments accounting for 86.82% of the total [1][2] - The fund's average annual investment return since its establishment is 7.39%, totaling cumulative investment income of 1.900 trillion yuan [1][2] Investment Strategy - The fund adopted a strategy of "seeking progress while maintaining stability," focusing on market analysis and maintaining a stable equity risk exposure to capitalize on the A-share market rebound [1][2] - Increased allocation to fixed-income assets allowed the fund to effectively seize investment opportunities arising from declining interest rates [1][2] - The fund emphasized equity investments and optimized overseas investment layouts to diversify risks and enhance overall returns [1][2] Asset Allocation - By the end of 2024, the fund's total equity amounted to 2.9128 trillion yuan, with cumulative fiscal net allocations of 1.2117 trillion yuan and cumulative investment appreciation of 1.7012 trillion yuan [2] - Direct investment assets constituted 28.55% of total assets, while entrusted investment assets made up 71.45% [1][2] Stock Investment Performance - The fund maintained a positive outlook on domestic stocks, leveraging long-term capital advantages and closely monitoring market dynamics to optimize asset allocation [3] - Both domestic and overseas stock investments yielded favorable returns during the reporting period [3] Fixed Income and Cash Management - The fund strategically increased investments in bank deposits and domestic and foreign bonds, effectively utilizing fixed-income assets as a safety net amid fluctuating interest rates [4] - Active liquidity management was employed to enhance cash asset returns while meeting liquidity needs [4] Focus on Sustainable Investment - The fund is increasing its allocation to technology innovation sectors, aligning with national strategic directions and focusing on core technology enterprises [5] - Sustainable investment principles are being integrated into investment practices, with a focus on clean energy and supporting national goals such as carbon neutrality [5][6] - The fund is enhancing cooperation with international sustainable development organizations to share practices and explore collaboration opportunities [5][6]

Group 1 - Global institutional investors' optimism towards emerging markets has reached a new high, with over 60% believing that emerging market stocks will outperform developed markets, a significant increase from 49% in June [1][2] - More than half of the respondents expressed the most optimism towards the Chinese mainland stock market, a notable rise from about one-third in the previous survey [1][3] - The survey indicates that better growth prospects and lower inflation levels are driving investors to increase their allocation to emerging markets, with the proportion of bullish respondents rising from 44% to 62% [2][3] Group 2 - The positive sentiment towards emerging markets is primarily driven by optimistic expectations regarding economic fundamentals, with respondents believing that emerging economies will play a more significant role in the global economic recovery [2][6] - Asia is viewed as the fastest-growing region, with most respondents expecting economic activities in developing countries to accelerate over the next 12 months [2][4] - The Chinese market's rising status reflects improvements in economic fundamentals and the results of capital market reforms, enhancing its attractiveness to international capital [4][6] Group 3 - Investors' confidence in the Chinese market is bolstered by government policies aimed at promoting economic growth, including monetary policy adjustments and targeted fiscal measures [3][4] - The recent rebound in the Chinese stock market is seen as a positive factor, highlighting China's significant influence within the emerging market framework [6][7] - Sustainable investment considerations are becoming increasingly important for institutional investors, with 81% indicating they will incorporate sustainability factors into their investment strategies [7][8]

大家好！我是兴证全球基金的陈锦泉。非常高兴在这个秋意渐浓的日子里，与各位一同相聚在一年一度 的复旦管院·兴动ESG大讲堂。我谨代表公司，对各位的到来表示热烈的欢迎和诚挚的感谢！ 专题："投资·向善"——复旦管院·兴动ESG大讲堂暨高校基金会慈善资产管理研讨会 2025年9月22日，兴证全球基金、兴银理财、复旦大学管理学院携手举办的"投资·向善"复旦管院·兴动 ESG大讲堂暨高校基金会慈善资产管理研讨会圆满落幕。兴证全球基金党委书记、副总经理陈锦泉出席 致辞。 全文摘录如下，与你分享： 尊敬的各位来宾、各位同仁， 利能力和竞争力的公司逐渐显现出来。我们相信，低利率环境下，权益资产的持续吸引力已经成为共 识。面对资产荒和充裕流动性，聚焦具备核心竞争力的企业，仍是获取超额回报的最优解。 眼前，投资环境愈发复杂，因此，除了权益资产，今天的话题也探讨大类资产配置与多资产策略，除了 市场展望，也会探讨高校基金会资产管理在新环境下的进化。我们期待今天的交流，能够进一步推动高 校基金会与资管机构之间的理解与合作，真正成为长期陪伴、共同成长、价值共创的同行者。 我的致辞就到这里，祝愿本次"投资·向善：复旦管院·兴动ESG大讲堂 ...

Group 1 - The conference on ESG management in China highlighted the increasing complexity and challenges in sustainable investment due to factors like climate risks, financing gaps, and disruptive technologies [1][3] - The Responsible Investment Principles Organization (PRI) identified ten financial tools to assist investors in allocating funds to sustainable projects, aiming to create a favorable investment environment [1][5] - Asset owners, such as pension and insurance institutions, play a crucial role in influencing market trends and should enhance communication with investment managers to align long-term sustainability goals [2][5] Group 2 - Sustainable investment faces multiple challenges, including regulatory slowdowns in the EU, the rise of "anti-ESG" sentiments in the US, and increasing climate physical risks, which threaten financial stability [3][4] - The estimated annual funding gap for biodiversity is $700 billion, with only $35 billion currently invested, indicating a significant shortfall in necessary financing [3] - Investors encounter practical challenges such as lack of incentives, market imperfections, inconsistent policies, and insufficient transparency and credibility in data [4][5] Group 3 - PRI emphasizes the importance of integrating economic policies with regulatory frameworks to effectively address sustainability challenges [6] - Investors are encouraged to incorporate sustainability issues into investment policies and governance, particularly asset owners who can significantly influence asset management practices [7] - Active engagement with policymakers is essential for investors to reflect their needs and participate in the formulation of relevant policies [7]

Company Overview - ResMed, founded in 1989 and headquartered in San Diego, specializes in medical equipment, particularly cloud-connectable CPAP machines for obstructive sleep apnea treatment [1] - The company operates in over 140 countries with more than 10,000 employees and has two main business units: Sleep and Respiratory Care, and Software as a Service (SaaS) [2] Business Model and Technology - ResMed's digital health network leverages cloud-connected devices to enhance patient outcomes and reduce healthcare costs through valuable insights generated from its hardware and SaaS data [3] Market Performance - The S&P/ASX200 Healthcare Index has returned -2.11% annually over the last 5 years, contrasting with an 8.69% return from the broader ASX 200 [4] - Healthcare spending is considered essential, leading to stable and consistent revenue streams, often referred to as 'sticky' revenue, which performed well during economic downturns [5] Growth Potential - Global healthcare spending, particularly in the US, is projected to grow at 7% per year from 2022 to 2027, reaching US$819 billion [6] - Sub-sectors like healthcare IT and SaaS are expected to see revenue growth exceeding 15% per year from 2024 to 2030 [7] Investment Trends - A Morgan Stanley survey indicates that over half of investors plan to increase their allocation to sustainable investments in 2024, positioning healthcare sectors favorably for attracting new capital [8] Valuation Metrics - ResMed shares currently have a price-sales ratio of 5.70x, below the 5-year average of 8.70x, suggesting potential undervaluation or increased sales [9][10]