8月25日，华泰证券（上海）资产管理有限公司（简称"华泰证券资管"）发布公告表示，将于近期陆续运用不超过3200 万元自有资金投资本公司旗下权益类公募基金，持有期不少于1年。其表示，此举是基于对中国资本市场长期健康稳 定发展，以及公司主动投资管理能力的信心。 进入8月，A股市场赚钱效应更加凸显，多家公募基金近期陆续宣布自购。据券商中国记者的不完全统计，8月已有包括南 方基金、工银瑞信基金等在内的多家公募公告自购，总金额不低于2.7亿元。 华泰证券资管启动自购 "运用自有资金投资旗下产品，旨在秉持长期投资的理念，与广大投资者和基金持有人共担风险、共享收益。"华泰证券 资管认为，当前整体经济运行接近中周期底部，权益市场风险溢价仍处于历史偏高水平，高质量发展酝酿的新增长点亦 层出不穷，A股与港股均具备良好的配置价值。 根据公开信息，华泰证券资管是华泰证券旗下的资管子公司，2016年获得公募牌照，目前公募产品已覆盖固定收益投 资、多资产和FOF投资、权益投资、REITs等多个领域。截至2024年末，华泰证券资管管理的公募基金规模为1386.69亿 元，同比增长44.54%。 华泰证券资管表示，其持续追求"绝对收益"投 ...

截至发稿，沪指最高达3680.47点，深证成指涨超1%，创业板指涨超2%。 迹象。近期两融余额站上十年新高，反映个人投资者风险偏好正在持续回升。在资产配置荒下，牛市 思维正促进居民资产配置向权益类资产倾斜，居民增量资金入市将成为本轮"慢牛"行情的重要驱动， 看好下半年A股冲击2024年高点。风格上，"十五五"规划将成为聚焦点，科技成长仍将是未来较长一 段时间的政策主线。 中泰证券表示，目前各大指数运行情况均较为建康，量价关系合理。一方面，国内经济预期向好；另 一方面，国际流动性宽松趋势还在。由此，大方向上仍然可保持相对乐观。在操作上，依旧紧握基本 面主线，在基本面向好板块中，寻找回调充分的标的。可同时关注以光伏、军工为代表的持续向好行 业，以及或受益于国际流动性宽松的贵金属板块。 8月13日，沪指开盘后迅速走高，早盘一举突破去年"9.24"行情的高点3674.40点，创2021年12月以 来新高。 | 全A | 涨 2038 | 平 263 | 跌 3117 A股成? | | --- | --- | --- | --- | | 序号 代码 | 名称 | 现价 | 涨跌幅 | | 1 | 000001 上证指数 ...

Group 1 - The three major stock indices experienced fluctuations and upward movement, with the Shanghai Composite Index briefly surpassing previous highs, driven by sectors such as non-ferrous metals, automobiles, and steel [1] - The National Securities Free Cash Flow Index rose during the session, with constituent stocks like Jinyi Industrial hitting the daily limit, Anfu Technology rising over 8%, and Molded Technology and Weichai Heavy Industry also gaining [1] - The largest free cash flow ETF (159201) actively traded in line with the index's upward movement, indicating strong market interest [1] Group 2 - The free cash flow ETF (159201) closely tracks the National Securities Free Cash Flow Index, addressing the limitations of traditional dividend strategies by focusing on internal growth capabilities and emphasizing financial health and sustainability [2] - The fund management fee is set at an annual rate of 0.15%, and the custody fee at 0.05%, both of which are among the lowest in the market, maximizing benefits for investors [2] Group 3 - Following the release of the U.S. July CPI data, which showed a year-on-year increase of 2.7% and a month-on-month rise of 0.2%, market institutions anticipate that the Federal Reserve will implement three consecutive rate cuts this year, each by 25 basis points [1] - Huaxi Securities noted that the renewed expectations for Federal Reserve rate cuts, combined with relatively ample domestic macro and micro liquidity, are conducive to the continuation of a slow bull trend in A-shares [1] - The market has shown clear characteristics of "rotating upward and low-level replenishment" since the "623" market, with a better sustainability of profit-making effects and a broad source of incremental market funds [1]

Core Viewpoint - The current upward trend in the A-share market is supported by various sources of incremental capital, including institutional funds from insurance, pension funds, public and private equity, as well as retail investor participation [1] Group 1: Market Dynamics - The M1-M2 year-on-year growth rate gap has been narrowing, indicating an increase in the activation of funds and a marginal recovery in consumer and investment willingness among residents [1] - The recent margin financing balance has reached a ten-year high, reflecting a continuous rise in risk appetite among individual investors [1] Group 2: Investment Trends - In the context of asset allocation challenges, a bullish market mindset is driving residents to allocate more towards equity assets, which will be a significant driver of the current "slow bull" market [1] - The focus on the "15th Five-Year Plan" suggests that technology growth will remain a key policy theme for an extended period [1]

早上好！一起来看重要消息。 据央视报道，当地时间8月1日，美国总统特朗普在其社交媒体"真实社交"发文表示，为回应俄罗斯联邦安全委员会副主 席梅德韦杰夫的言论，他已下令将两艘核潜艇部署至相应区域。 据央视报道，当地时间8月1日，受美关税政策及7月就业数据远逊于预期影响，美国股市收盘下跌。道琼斯工业平均指数 收盘下跌601点，跌幅0.74%；标准普尔500指数收跌0.37%，录得自5月以来最大单日跌幅；纳斯达克指数大跌473.75点， 创4月以来最大跌幅。美国股市市值蒸发逾1万亿美元。 芝加哥商业交易所美联储观察工具1日早间公布的数据显示，美联储在9月货币政策会议上降息25个基点的概率从前一日 的37.7%大幅升至75.5%。 当天，美国总统特朗普在社交媒体"真实社交"发文，指责劳工统计局局长埃丽卡·麦肯塔弗在2024年美国大选前"人为夸 大"就业数据，要求立即将其解职，并由"更有能力的人选"接替。 特朗普称该局曾在2024年3月和大选前数月严重高估新增就业岗位，认为此举旨在助推副总统哈里斯胜选。他同时批评美 联储大选前下调利率"操控市场"，并暗示应撤换美联储主席鲍威尔。 美国劳工部长洛丽·查韦斯-德雷默当天宣布 ...

Core Viewpoint - The bond market is currently experiencing significant inflows, particularly in the ten-year government bond ETF (511260), which has seen over 1.1 billion yuan in net inflows for five consecutive days and over 10 billion yuan in the past month, indicating strong liquidity and investment interest [1]. Short-term Investment Opportunities - Short-term bonds are expected to benefit from ongoing monetary policy adjustments, as the central bank is likely to maintain a loose monetary stance to stimulate financing demand amid a structurally transforming economy [4]. - The potential for further interest rate cuts or reserve requirement ratio reductions could enhance the attractiveness of short-term bonds, making them a viable investment option [4]. Long-term Investment Opportunities - Long-term bonds are influenced by fundamental economic conditions and current inflation levels, with the third quarter being a period of increased fiscal activity and a seasonal decline in bond supply [5]. - The trend of "asset allocation scarcity" is expected to strengthen, leading to increased demand for long-term bonds from both institutional and trading entities, providing opportunities for yield and capital gains [5]. Overall Market Outlook - The outlook for the bond market in the second half of the year is optimistic, with the ten-year government bond ETF (511260) being highlighted as a favorable investment vehicle due to its liquidity and ease of trading [6]. - The ten-year government bond yield serves as a key indicator for the bond market, and the ETF's performance is expected to reflect broader market trends [6].