｜2025年12月31日 星期三｜ NO.3 增值率92.87%，国联民生拟挂牌转让中海基金33.4%股权 据中国证券业协会12月30日消息，根据证监会工作部署，协会组织开展了2025年证券公司投行业务质量 评价，评价结果已按照规定履行完成相关程序，现予公布。根据《证券公司投行业务质量评价办法 （2025年修订）》，评价结果分为A、B、C三类，本次评价结果A类12家、B类66家、C类15家。从评 价结果看，评价结果为A类的券商包括东吴证券、国金证券、国泰海通、国投证券、国信证券、华泰联 合等；评价结果为B类的券商包括爱建证券、北京证券、渤海证券、财达证券、财通证券等；评价结果 为C类的券商包括德邦证券、恒泰长财、华林证券、华西证券、开源证券、申万宏源等。 12月30日，国联民生（601456/01456）发布公告，公司拟与法国洛希尔银行采用公开挂牌、联合转让的 方式转让公司所持有的中海基金33.409%股权，双方联合转让的股权比例合计58.409%，受让方须同时 摘牌公司和法国洛希尔银行持有的中海基金股权。转让完成后，公司不再持有中海基金股权。中海基金 在评估基准日评估值4.57亿元，公司对中海基金长期股权投 ...

Group 1: Market Overview - The main asset performance ranking for the week (October 27-31, 2025) is US stocks > A-shares > Chinese bonds > Hong Kong stocks > crude oil > gold > commodities, with A-shares and US stocks rising while Hong Kong stocks fell [2][5] - The Shanghai Composite Index rose by 0.11%, the Shenzhen Component Index increased by 0.67%, and the ChiNext Index went up by 0.50% [5][6] - The total number of newly established funds this week is 53, with 23 equity funds, 15 mixed funds, 9 bond funds, 5 FOF funds, and 1 QDII fund, totaling 45.52 billion units issued [2][14] Group 2: Fund Performance - Bond funds had the best performance this week, with an increase of 0.26%, followed by equity funds at 0.24%, and mixed funds at 0.1%. Commodity funds performed the worst, declining by 1.22% [10][11] - In the equity fund category, passive index funds had the highest increase of 0.24%, while the best-performing sector theme fund was the pharmaceutical fund, which rose by 1.92% [3][10] - The top 10% of equity funds saw a net value increase of 4.93%, while the bottom 10% experienced a decline of 2.96% [18][19] Group 3: Bond Fund Insights - Bond funds showed significant performance variation, with the top 10% of funds seeing an average net value increase of 0.72%, while the bottom 10% saw a slight decline of 0.01% [36][38] - The overall bond market sentiment improved due to factors such as the central bank resuming government bond trading and easing US-China trade relations, leading to a favorable liquidity environment [34][41] Group 4: Sector and Theme Fund Performance - The pharmaceutical theme fund performed the best among thematic funds, with an average increase of 1.92%, while the TMT fund experienced a decline of 0.55% [22][24] - Among various styles, growth funds performed relatively well, while value funds lagged behind, with mid-cap value style showing the highest increase of 1.15% [18][20]