● 本报记者 魏昭宇 11月28日，由中国证券报主办，华鑫证券、西岸集团联合承办，深圳数据经济研究院提供独家学术支持 的"2025量化行业高质量发展大会暨金融科技·量化机构金牛奖颁奖典礼"成功举办。雷菱投资合伙人刘 晓俊在接受中国证券报记者采访时表示，中国ETF市场规模在短短几年内实现了突破5万亿元的跨越， 增长势头迅猛。不过，对比海外市场，中国ETF市场仍有巨大的发展空间。 刘晓俊表示，看好中国股市的长期前景，建议采取"核心-卫星"资产配置策略：部分配置于稳健的ETF套 利策略作为防御，部分通过ETF轮动等策略参与股市长期成长，以耐心持有应对市场波动，实现财富持 续增值。 刘晓俊进一步表示："在此预知风险的基础上，我们嵌入相应的风控机制，构成策略的核心框架。后续 的优化，如引入AI处理数据或适应政策变化，都是在这一稳健框架下的细节完善。这种'先立框架，后 补细节'的模式，确保了策略在面对市场周期与突发事件时具备更强的适应性与韧性。" 看好中国股市 谈及对未来的市场研判，刘晓俊表示，自己对中国股市长期前景持乐观态度。"当前中国房地产市场进 入稳定发展阶段，股市作为居民财富'蓄水池'的重要性日益凸显。在政策的引 ...

Core Insights - The Chinese ETF market has rapidly surpassed 5 trillion yuan, indicating significant growth potential compared to overseas markets [1][2] - The long-term outlook for the Chinese stock market is optimistic, with a recommendation for a "core-satellite" asset allocation strategy to manage market volatility and achieve wealth growth [1][3] ETF Market Potential - ETFs have become a crucial tool for asset allocation, covering a wide range of indices including A-shares, semiconductor sectors, and international markets like Nasdaq and S&P 500 [2] - The company focuses on two main ETF strategies: global macro quantitative ETF rotation and ETF arbitrage, aiming to provide stable returns while managing risks [2] - The investment philosophy emphasizes proactive strategy design, incorporating risk management mechanisms from the outset to enhance adaptability during market fluctuations [2] Outlook on the Chinese Stock Market - The Chinese stock market is seen as increasingly important for wealth accumulation, especially as the real estate market stabilizes [3] - The ongoing registration system reform and rising institutional investor participation are leading to a profound revaluation of market assets, favoring those with core competitiveness [3] - A layered allocation strategy is recommended, combining low-volatility ETF arbitrage for liquidity with long-term investments in growth-oriented strategies [3]