21世纪经济报道特约记者庞华玮 截至11月11日，今年以来全市场新发基金数量已达1371只，创近三年新高。 与火热的发行数量形成鲜明对比的是，新基金平均募集规模仅为7.82亿元。这一"数量增+平均规模减"的现象，勾勒出2025年公募基金发行市场的深刻变 局。 值得关注的是，今年以来发起式基金盛行。年内共有334只新基金采用发起式形式设立，占比约四分之一，且多为股票型基金。 这与发起式基金成立门槛低的特点有关：普通基金需要2亿元和200户投资者才能成立；发起式基金只需5000万元（且管理人自有资金认购不少于1000万）并 承诺持有3年以上。 不过，百亿级新基金已一去不复返了，新基金募资规模普遍较小。截至11月11日，年内基金发行总规模约9653亿元，为2019年以来的新低。此外，年内新基 金的平均募集规模仅为7.82亿元。2020年—2024年这一数据分别为21.94亿元、14.92亿元、10.53亿元、9.08亿元、10.59亿元，均远高于今年。 总体来看，今年新基金发行策略转向了"广撒网"，代替以往的"造爆款"。 "基金公司不再依赖少数明星基金经理押注'爆款基金'，而是采取'广撒网、小步快跑'的策略。"格上 ...

Group 1 - The technology sector experienced a significant drop last week, leading to concerns about fund managers potentially facing salary cuts due to underperformance against benchmarks, prompting further declines on Monday [1] - The market saw a V-shaped rebound after an initial decline, with the ChiNext and STAR Market indices recovering, indicating a possible shift in investor sentiment [1] - The largest ETF in the market, the CSI 300 ETF, recorded a net inflow of 5 billion, raising questions about the motivations behind such a large investment during a downturn [1] Group 2 - New tax regulations on gold purchases are expected to increase costs for consumers, which may negatively impact demand in the short term, while benefiting gold ETFs and paper gold products [4] - Major banks like ICBC and CCB temporarily suspended their paper gold businesses to align with the new regulations, although ICBC resumed operations shortly after [4] - Gold stocks and related ETFs faced significant declines, with gold stocks dropping over 4% during the trading session [4] Group 3 - The storage chip sector saw a rebound, with major South Korean companies like SK Hynix and Samsung experiencing significant stock price increases, which contributed to the overall market recovery [9] - The influx of southbound capital into Hong Kong stocks coincided with the A-share market's recovery, indicating a positive sentiment shift among investors [9] Group 4 - The new public fund performance benchmark regulations are expected to enhance transparency and accountability in fund reporting, which could lead to a more competitive environment for fund managers [14] - Ant Group's wealth management platform has been evolving, with the introduction of standardized analysis metrics for funds, enhancing the investment experience for users [17][21] - The platform's focus on transparency and tool-based investment strategies is likely to increase user engagement and retention, positioning it as a leading player in the fund distribution market [26] Group 5 - Recommendations for Ant Group include enhancing asset allocation perspectives to guide investors towards a more diversified investment approach, moving beyond single-product thinking [27] - Other fund distribution institutions are encouraged to improve user experience through a combination of online and offline services, particularly in the context of financial technology advancements [27]

（文章来源：第一财经） "关于Tiktok问题，中方立场是一贯的，我们反对将科技和经贸问题政治化、工具化、武器化，绝不会 以牺牲原则立场、企业利益和国际公平正义为代价，寻求达成任何协议。同时，中国政府充分尊重企业 意愿，支持企业在符合市场原则基础上开展平等商业谈判。中国政府将依法审批Tiktok所涉及的技术出 口、知识产权、使用权授权等事宜，也希望美方能够按照双方达成的共识，为包括Tiktok在内的中国企 业在美持续运营提供开放、公平、公正和非歧视的营商环境，推动中美经贸关系稳定、健康、可持续发 展。"何亚东表示。 9月18日，商务部举行例行新闻发布会。有记者就Tiktok问题进行提问，商务部新闻发言人何亚东表 示，当地时间9月14号到15号，中美经贸团队在西班牙马德里举行会谈。双方以两国元首通话重要共识 为引领，就以合作方式妥善解决Tiktok相关问题、减少投资障碍、促进有关经贸合作等达成了基本框架 共识。 ...

（文章来源：新华社） 中国商务部国际贸易谈判代表兼副部长李成钢15日说，关于TikTok问题，中国一贯反对将科技和经贸问 题政治化、工具化、武器化，绝不会以牺牲原则立场、企业利益和国际公平正义为代价，寻求达成任何 协议。中方将坚决维护国家利益和中资企业合法权益，依法依规开展技术出口审批。同时，中国政府充 分尊重企业意愿，支持企业在符合市场原则基础上，开展平等商业谈判。 ...

从致力于在全市场挖掘超额收益，到聚焦细分领域打造更高锐度的赛道型产品，公募主动投资类工具化 趋势正在形成。 在结构性行情持续演绎的背景下，部分基金公司主动权益条线凭借前瞻性布局与创新性策略实现快速发 展，主动权益产品"赛道化""工具化"势头正盛，这一现象引发行业广泛关注。 在业内人士看来，这一现象由行业竞争、客户需求与市场环境共同推动，但"全能型"基金经理并不会就 此落幕，市场需要更多具有多元能力的基金经理。整体来看，这一变化给基金公司的投研体系带来新的 挑战和考验。 行业竞争与客户需求等多因素共振 主动权益基金趋向"赛道化""工具化" 其二，主动权益基金新发布局更侧重行业主题导向。不少基金公司新发主动权益产品以行业主题类产品 为主，例如，上海某公募下半年成立的3只主动权益基金均为混合型基金，分别聚焦新兴产业、医药和 消费赛道；深圳某大型公募、上海某公募成立的主动权益基金，均为聚焦科技、医药、先进制造等细分 领域的行业主题基金。 另据Wind数据，下半年以来成立的68只混合基金，名称中带有"科技""医疗""消费""资源"等明确主题的 产品有34只，占比为50%；同期成立的187只股票型基金中，仅6只为主动产品 ...

外交部：中方一贯反对将科技和经贸问题政治化、工具化、武器化 中新网北京9月5日电(记者 郭超凯)中国外交部发言人郭嘉昆9月5日主持例行记者会。 有记者提问：美国公司Anthropic宣布，将停止向中国控股公司提供人工智能服务。外交部对此有何评 论？ 郭嘉昆：我不了解你提到的具体情况。我想强调的是，中方一贯反对将科技和经贸问题政治化、工具 化、武器化，这一做法不利于任何一方。(完) 来源：中国新闻网 编辑：王永乐 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 ...

Group 1 - The G7 summit, led by Canadian Prime Minister Carney, has reiterated negative narratives against China, particularly regarding issues in Taiwan, the South China Sea, and the East China Sea, accusing China of "overcapacity" and "market distortion" [1][2] - China's Foreign Ministry spokesperson Guo Jiaqin emphasized that the main threat to peace and stability in the Taiwan Strait is "Taiwan independence" activities and external interference, urging G7 to adhere to the One China principle [1][2] - Guo criticized the G7's claims of "market distortion" and "overcapacity" as baseless, arguing that they serve as a pretext for trade protectionism aimed at suppressing China's industrial development [1][3] Group 2 - European Commission President Ursula von der Leyen's criticisms of China during the G7 summit included allegations of ignoring global trade rules and weaponizing its dominance in rare earths, calling for diversification of critical supply chains [3][4] - Guo expressed strong dissatisfaction with von der Leyen's remarks, asserting that China's industrial development is based on technological innovation and market competition, not subsidies [3][4] - The EU is reportedly set to provide over €1.44 trillion in various subsidies from 2021 to 2030, with more than €300 billion already disbursed by 2024, indicating a significant level of state support for European enterprises [4]