Wind数据显示，自2018年3月16日成立以来，富荣福锦混合历任基金经理5人，人均任职年限1.87年。 2024年8月28日起，李延峥开始与李天翔共管该产品，2025年2月19日，李天翔离任。3个多月后，该基 金增聘基金经理毛运宏，再度回到两人共管状态，直到11月18日李延峥离任。 央广网北京11月19日消息（记者 冯方）11月19日，富荣基金发布公告称，李延峥于11月18日因个人原 因离任富荣福锦混合。Wind数据显示，李延峥在富荣福锦混合的任职回报为46.29%，离任该基金后， 李延峥在管产品仅有富荣信息技术混合1只，任职回报为-4.15%，三季度末合计规模为8.14亿元。目 前，富荣福锦混合由基金经理毛运宏独管，三季度末合计规模为0.26亿元。 根据公开资料，李延峥于2017年7月加入富荣基金，曾任研究部TMT研究员，现任富荣基金研究部总经 理助理、基金经理。 公开资料显示，富荣福锦混合现任基金经理毛运宏于2021年7月加入富荣基金，历任研究部TMT、汽 车、锂电研究员，现任富荣基金基金经理，在管产品仅富荣福锦混合1只。 根据Wind数据，目前，富荣基金共有基金经理12名，截至三季度末基金管理规模20 ...

11月11日晚间，博时基金发布关于高级管理人员变更的公告。公告称，博时基金党委副书记陈宇接任公司总经理，任职日期为11月11日。 凤凰网财经讯 在原总经理张东升任董事长一个月后，博时基金官宣新任总经理。 | 新任高级管理人员职务 | 总经理 | | --- | --- | | 新任高级管理人员姓名 | 陈宇 | | 是否经中国证监会核准取得高管任职资格 | | | 中国证监会核准高管任职资格的日期 | | | 任职目期 | 2025 年 11 月 11 日 | | 过往从业经历 | 2025 年 9 月起任博时基金党委副书 股份有限公司工作,历任首席投资官 | | | (曾借调至中国证监会基金监管部三 | | | 管部处长,泰康资产管理有限责任公 | | | 员,中邮人寿保险股份有限公司首席 | | | (集团二级公司总经理级)(期间 20 | | | 司 CEO)。 | | 取得的相关从业资格 | 基金从业资格 | | 国籍 | 中国 | | 学历、学位 | 本科/学士 | 图源：博时基金公告截图 至此，万亿公募巨头博时基金完成了领导班子的过渡调整。据同花顺iFinD数据显示，截至三季度末，博时基金管理规模 ...

兴证全球基金迎来核心管理层调整。 11月7日，兴证全球基金公告称，公司原总经理庄园芳升任董事长，公司原副总经理陈锦泉自2025年11 月6日起担任公司总经理、财务负责人一职。 新任董事长庄园芳是拥有逾33年从业经验的资管老将，也是伴随兴证全球基金及其股东方兴业证券成长 的核心骨干。 兴证全球基金董事长庄园芳 2025年6月，公司原董事长杨华辉因任职年龄原因辞任，庄园芳开始代行董事长职权。 在掌舵公司经营管理十年间，她推动了公司在投研实力、团队建设、产品线拓展及管理规模上的稳步提 升。 此次接任总经理的陈锦泉同样出身投研，是国内较早一批证券金融专业科班出身的投资人。 兴证全球基金总经理陈锦泉 1977年出生的陈锦泉，于1999年进入证券行业。历任华安证券投资经理、平安保险资产运营中心高级组 合经理、平安资产管理公司投资管理部副总经理。 1992年，她加入兴业证券，2005年升任兴业证券副总裁，分管自营投资、研究、机构、固定收益等关键 业务板块，积累了全面的金融机构管理经验。 2016年，庄园芳首次出任兴证全球基金董事长，2017年1月兼任总经理，后转任专职总经理。在2023年 公司董事会换届后担任副董事长、总经 ...

Group 1 - Huatai-PB Fund Management Co., Ltd. announced the appointment of Cui Chun as the new General Manager, replacing the interim role of former Chairman Jia Bo [2][5] - The company has over 800 billion yuan in assets under management, marking it as a significant player in the index fund sector [6][7] - Cui Chun has over 20 years of experience in the financial industry, having held various positions in securities, funds, and banking [5][8] Group 2 - Under Cui Chun's leadership, Huatai Securities Asset Management achieved significant growth, with total assets reaching 627 billion yuan and public fund size exceeding 160 billion yuan by mid-2025 [5] - The company reported a revenue of 1.2 billion yuan and a net profit of 713 million yuan in the first half of 2025, making it one of the few broker asset management firms with revenues exceeding 1 billion yuan and net profits over 500 million yuan [5] - Despite the growth in assets, the company faced challenges in profitability, with a decline in revenue and net profit in the first half of 2025 compared to the same period in 2024 [7][8]

Group 1 - The article discusses the recent trends in the investment banking sector, highlighting a significant increase in mergers and acquisitions activity [1] - It notes that the total value of global M&A deals reached $3.6 trillion in the first half of the year, marking a 25% increase compared to the same period last year [1] - The report emphasizes the role of technology and digital transformation as key drivers for companies seeking strategic partnerships and acquisitions [1] Group 2 - The article mentions that private equity firms are increasingly active in the market, with their deal value rising by 30% year-over-year [1] - It highlights the growing interest in sustainable investments, with a notable increase in M&A transactions focused on green technologies [1] - The report also points out potential regulatory challenges that could impact future M&A activities, particularly in the tech sector [1]

Group 1: Financial Performance - The company reported a 36% year-on-year increase in revenue to HKD 731 million and a 26% increase in gross profit to HKD 295 million for 1H25, with a net profit attributable to shareholders rising 30% to HKD 339 million, aligning with expectations [1] - A special dividend of HKD 768 million was declared on March 26, 2025, alongside an interim dividend of HKD 271 million, bringing the total dividends for 1H25 to HKD 1.039 billion, resulting in a dividend yield of 5.83% as of September 3, 2025 [1] Group 2: Business Operations - The revenue growth was primarily driven by operational service income and investment income from financial assets measured at fair value, which increased by 28% and 306% to HKD 476 million and HKD 129 million, respectively [1] - The company is actively investing in leading enterprises in the robotics sector through its Beijing Robotics Industry Development Investment Fund, which has a scale of HKD 10 billion, with potential returns expected from some of these investments as they apply for IPOs [2] Group 3: Strategic Initiatives - The company has established a comprehensive service model for robotics, including sales agency and leasing services, and has partnered with over 50 companies to enhance its ecosystem [2] - The company is leveraging its infrastructure operations to provide real-world applications for robotics, which in turn supports its fund management business, indicating a deep integration of asset operations and financing [2] Group 4: Profit Forecast and Valuation - The net profit forecast for 2025 and 2026 has been raised by 7% and 6% to HKD 650 million and HKD 750 million, reflecting growth in core business and potential investment returns, maintaining an outperform rating [3] - The target price has been increased by 5% to HKD 2.73, corresponding to 2.2 times the 2025 price-to-book ratio, suggesting a 19% upside from the current stock price [3]

Core Viewpoint - The report provides an overview of the performance and management of the Guangfa Ju Li Bond Fund (LOF) for the first half of 2025, highlighting its investment strategy, financial performance, and market conditions affecting the fund [1][2][11]. Fund Overview - Fund Name: Guangfa Ju Li Bond Fund (LOF) - Fund Manager: Guangfa Fund Management Co., Ltd. - Fund Trustee: China Construction Bank Co., Ltd. - Total Fund Shares at Period End: 2,039,823,596.18 shares [2][3]. Financial Performance - For the period from January 1, 2025, to June 30, 2025, the A class fund achieved a net value growth rate of 0.94%, while the C class fund achieved a growth rate of 0.78% [12][13]. - The total realized income for the A class was 50,834,476.26 RMB, and for the C class, it was 19,436,829.65 RMB [3][4]. - The net asset value at the end of the reporting period for the A class was 2,151,951,869.99 RMB, and for the C class, it was 754,797,220.44 RMB [4][16]. Investment Strategy - The fund aims to provide stable returns above the performance benchmark by actively managing investments while controlling risks [2][11]. - The investment strategy includes analyzing macroeconomic trends, interest rate movements, and credit risks to determine asset allocation [2][12]. Market Conditions - The report notes a weakening domestic real estate market and low inflation, contributing to macroeconomic uncertainty [12][13]. - The central bank's monetary policy has shifted towards maintaining liquidity through measures such as MLF net injections and interest rate cuts [12][13]. Performance Comparison - The fund's performance is benchmarked against the China Bond Index, with the A class showing a cumulative net value growth rate of 140.10% and the C class at 23.56% since inception [3][4]. - The report indicates that the fund's performance has been affected by market conditions, with a notable recovery in the second quarter after a decline in the first quarter [12][13]. Compliance and Governance - The fund management adheres to relevant laws and regulations, ensuring compliance in its operations and investment decisions [11][15]. - The trustee has fulfilled its responsibilities in overseeing the fund's asset management and ensuring no harm to the interests of fund holders [15].

Group 1 - The core point of the news is the appointment of Zhang Chaoliang as the new fund manager for the Jiashi CSI Subdivided Chemical Industry Theme Index Fund (013527), effective from August 28, 2025, replacing Wang Zihan [1] - As of August 27, 2025, the net value of the Jiashi CSI Subdivided Chemical Industry Theme Index Fund was 0.8219, reflecting a decrease of 1.93% from the previous day, while it has increased by 32.5% over the past year [1] Group 2 - Zhang Chaoliang holds a bachelor's degree from Beijing University of Posts and Telecommunications and a master's degree from the Chinese Academy of Sciences [2] - His previous roles include positions at Guojin Fund Management, Huaxia Fund Management, and Founder Fubon Fund Management, where he served as a quantitative analyst, investment manager, and fund manager [2] - Zhang has managed several public funds, achieving notable returns, such as 62.82% for Jiashi Zhongchuang 400 ETF [4] Group 3 - The Jiashi CSI Subdivided Chemical Industry Theme Index Fund has undergone a management change, which may impact its future performance and investment strategy [1][2] - The fund's recent performance indicates a volatile market environment, with a significant annual increase juxtaposed against a recent daily decline [1]

Core Viewpoint - The recent announcement by China Europe Fund regarding the appointment of Zhao Lei as a co-manager for the China Europe Medical Health Mixed Fund has raised concerns among investors, particularly in light of the fund's significant losses over the past three years, leading to speculation about the future of the fund and its management [1][5][19] Fund Management Changes - The China Europe Medical Health Mixed Fund, with a total scale of 311.79 billion yuan, has appointed Zhao Lei to co-manage alongside the well-known manager Ge Lan [1][2] - Zhao Lei has 8 years of experience in the securities industry, primarily focused on medical research, but lacks independent management experience of large-scale funds [3][14] Performance Metrics - The fund has experienced a net value decline of 39.40% over the past three years, significantly underperforming its peers, which averaged a decline of 15.85%, and the CSI 300 index, which fell by 10.76% [8][10] - The fund's performance has deteriorated sharply, with a peak return of 90.57% in 2021, followed by three consecutive years of losses that have diluted long-term returns [8][10] Investor Sentiment - Investor sentiment has turned negative, with many expressing concerns about the management changes and the fund's performance, leading to speculation about potential withdrawals from the fund [5][19] - The shift in management strategy, including the appointment of a co-manager, has raised questions about the future direction of the fund and the distribution of decision-making power between Ge Lan and Zhao Lei [14][19] Industry Context - The medical sector is currently facing challenges due to policy adjustments and overcapacity, impacting the performance of key stocks previously favored by Ge Lan [16][17] - The ongoing struggles in the medical sector may complicate Zhao Lei's ability to balance high-research investment stocks with low-valuation consumer medical stocks, potentially affecting the fund's future performance [18][19]

Group 1 - The company has announced a second notice regarding the convening of the fund holders' meeting for the Fullgoal CSI Communication Equipment Theme ETF [1][2] - The meeting will be held via communication methods, with voting starting from August 12, 2025, to September 10, 2025, at 17:00 [2][4] - The agenda includes a proposal to change the fund custodian and amend the fund contract [4][21] Group 2 - The rights registration date for fund holders to participate in the meeting is August 11, 2025 [4] - Voting ballots can be downloaded from the company's website or the CSRC's electronic disclosure website [4][24] - The company will ensure that the voting process is supervised by authorized personnel and notarized [9][16] Group 3 - The proposal requires approval from at least two-thirds of the voting rights represented at the meeting [14][21] - If the proposal is approved, the fund contract will be amended accordingly, and the changes will be disclosed [17][21] - The company may suspend subscription and redemption applications to ensure a smooth transition of the fund custodian [17][21]