【导读】开门红来了！股票ETF马年开市首日资金净流入56亿元 马年开年，市场做多热情高涨，股票ETF也获资金积极加仓。 华夏基金ETF方面，2月24日，恒生科技指数ETF和恒生互联网ETF单日净流入居前，分别达16.53亿元和12.02亿 元；最新规模分别达527.43亿元和367.79亿元，对应跟踪指数近一月日均成交额分别为48.64亿元和33.16亿元。 恒生科技等港股ETF"吸金" 从资金流向上看，春节期间表现强势的港股板块强势"吸金"，多只跟踪港股市场标的的ETF资金净流入居前；宽基 ETF继续延续资金净流出的态势；因假期票房表现平淡，传媒类ETF也遭资金抛售。 股票ETF马年开市净流入近60亿元 受假期海外市场上涨利好提振，马年首个交易日，A股高开后震荡收涨。截至收盘，上证指数上涨0.87%，站稳 4100点，创业板指盘中一度涨超2%，市场成交额小幅回升至2.18万亿元，风格整体表现均衡，建筑材料、基础化 工及石油石化涨幅领先，传媒、计算机及商贸零售表现靠后。 股票ETF一改年前连续五个交易日资金净流出的态势，重现资金净流入。银河证券基金研究中心数据显示，截至2 月24日，全市场1339只股票ETF ...

Group 1 - Gold reached a new high, and silver followed suit, indicating a potential shift in market dynamics where the traditional relationship of gold outperforming silver may be changing [1] - In the past 24 hours, a total of 107,859 individuals experienced liquidation, with a total liquidation amount of $196 million, including $129 million from long positions and $66.99 million from short positions [1][2] Group 2 - Bitcoin (BTC) saw a precise entry point for long positions at $88,500, with a minimum drop to around $88,450, resulting in a gain of over 1,000 points [3] - Ethereum (ETH) reached a high of $2,984, showing a stable small increase, with indicators suggesting a potential recovery in the near future [6] - The GameFi sector is experiencing a strong resurgence, with AXS and SAND stabilizing above key moving averages, indicating further upward potential [18]

| 名称 | 名称 | 2025年涨幅 | 规模(亿元) | | --- | --- | --- | --- | | 022364 | 永赢科技智选A | 239.78% | 22.78 | | 018956 | 中航机遇领航A | 176.65% | 18.81 | | 011815 | 恒越优势精选A | 153.31% | 2.46 | | 001753 | 红土创新新兴产业A | 153.27% | 5.32 | | 016370 | 信澳业绩驱动A | 148.75% | 7.13 | | 018993 | 中欧数字经济A | 147.59% | 52.74 | | 519770 | 交银 优登回报A | 145.83% | 3.37 | | 005550 | 汇安成长优选A | 144.09% | 2.34 | | 011369 | 华商均衡成长A | 143.06% | 3.31 | | 010415 | 华泰柏瑞质量精选A | 142.64% | 2.88 | | 970101 | 兴证资管金麒麟兴享优选B | 141.59% | 0.38 | | 002692 | 富国创新科技A | 140 ...

Group 1 - The core viewpoint of the article highlights the resurgence of actively managed equity funds in 2025, with a significant annual return of 33.81% for equity funds, marking a turnaround after three consecutive years of underperformance against the market [1] - The top-performing actively managed equity fund, Yongying Technology Smart A, achieved a remarkable net value increase of 239.78%, securing the first place in the market and outperforming the second-place fund by 63% [1][3] - Funds focusing on the AI sector have shown exceptional performance, with several funds reporting returns exceeding 150% for the year [5] Group 2 - The total market size of ETFs reached 6.02 trillion yuan by December 31, 2025, an increase of 2.3 trillion yuan from the beginning of the year, setting a new historical record [6] - The top-performing ETFs included the Communication ETF with a return of 125.81%, followed by the Communication Equipment ETF at 121.37%, and the Mining ETF at 106.11% [9][12] - Significant net inflows were observed in ETFs, with the top three being the Hong Kong Stock Internet ETF (566.59 billion yuan), Gold ETF (419.99 billion yuan), and the Sci-Tech Bond ETF (404.82 billion yuan) [18][20]

稿源：掌上长沙 2025-12-26 21:03 长沙晚报掌上长沙12月26日讯（全媒体记者 刘俊）近日，全国工商联十三届四次执委会议在长沙召开，会上发布 了2025年万家民营企业评营商环境主要结论，这是全国工商联组织的第7次万家民营企业评营商环境调查。根据 《2025年万家民营企业评营商环境长沙市数据分析报告》，长沙在32个省会及副省级城市中表现卓越："万家民营 企业评营商环境"连续四次位居全国前十；市场环境、法治环境、创新环境、政务环境四大一级指标评分均位列全 国第三；口碑投票稳居全国前十。 据了解，今年前三季度，长沙民营经济增加值为7767.83亿元，比上年增长4.9%，占地区生产总值的比重为 64.9%。截至今年11月，全市实有经营主体200.90万户，其中企业80.44万户，同比增长10.1%。2025年中国民营企 业500强榜单中，长沙6家企业上榜。 近年来，长沙市工商联坚持以促进"两个健康"为主题，以"陪跑护航"七大行动为总揽，积极构建"星商"服务生 态，健全政企沟通机制，服务发展大局，以"服务员"的热忱、"守护者"的用心，"知心人"的担当，让广大民营企 业选在长沙、赢在长沙。 营商环境好不好， ...

扬子晚报网12月21日讯（记者 范晓林 薄云峰）2026年新年将至，2025年港股市场强势回暖成为香港股市的一抹亮色。 | | | 宁德时代 300750 创 融 通 √ | | | | + Q 1 | | --- | --- | --- | --- | --- | --- | --- | | 374.00 | +2.00 | +0.54% | | | | | | 行业 | 电气设备 +0.82% | > | 製金 | | 创 50ETF +0.55% > | | | 今开 | 374.08 | 最高 | 377.68 | 成交量 | | 17.56万 | | 昨收 | 372.00 | 最低 | 370.80 | 成交额 | | 65.73亿 | | 市值 1 1.71万亿 换手 | | | 0.41% | 产周 ! IVI | | 26.76 | | | 闭市阶段 | 盘后量 | | 5 营后额 | | 18.70万 | | H BS | 505.000 +2.23% | | | | 溢价率(H/A): +23.67% > | | | 分时 | 五日 | 日K | 間K | 月K | 周期 | 0 | | ...

2025年港股市场强势回暖，估值修复与结构重塑共振催生大量投资机会，10倍股集中涌现、"红底股"阵 营持续扩容，市场赚钱效应显著。 2025年十倍股扎堆涌现 除10倍股外，港股"红底股"阵营的持续扩容与股价翻倍，也成为市场强势的重要体现。"红底股"特指港 股市场中股价突破100港元的高价股，其数量增长与股价表现，反映了市场热度。 统计显示，截至2025年12月19日收盘，港股"红底股"数量已增至46只，较2024年底增加20只，"红底 股"数量接近翻倍。老铺黄金、腾讯控股最新收盘价均在600港元以上，携程集团、宁德时代、云知声、 科伦博泰生物、香港交易所等股价均在400港元以上。 从上市日期来看，股价超100港元的有20只为今年上市的新股，包括宁德时代、蜜雪集团、西普尼等。 12月19日，港股"红底股"阵营迎来最新成员——希迪智驾正式登陆港交所主板，成为港股首家专注商用 车智能驾驶的上市公司。作为"大疆教父"李泽湘控股的硬科技企业，其发行价高达263港元。12月8日登 陆港交所的卓越睿新，上市首日即大涨87.26%，报126.40港元，印证了市场对高成长性科技赛道新股的 认可。 2025年港股估值洼地效应凸显 ...

Core Viewpoint - The digital asset market is showing clear signs of recovery as of December, driven by a significant shift in liquidity conditions and easing macro expectations [1][5]. Group 1: Liquidity Environment - The overall monetary environment has shown marginal improvement, with funding conditions continuously recovering since the low point in November, aligning with the expected rebound in December [2][6]. - The strong correlation between digital asset prices and liquidity indicates that improvements in liquidity often precede price performance, as evidenced by recent increases in on-chain activity, stablecoin supply, and trading depth [2][6]. - A weakening US dollar index has enhanced the attractiveness of non-dollar-denominated assets, benefiting digital assets from cross-asset capital redistribution [2][6]. Group 2: Institutional Behavior - Significant changes in institutional policies are providing important momentum for the recovery of digital assets, with firms like Vanguard relaxing restrictions on crypto ETFs, allowing for greater market participation [3][7]. - Major financial institutions in the US are now permitting wealth management advisors to allocate up to 4% of client portfolios to digital assets, reopening channels for previously restricted large-scale long-term capital [3][7]. - The shift from resistance to openness in institutional policies is more structurally significant than short-term trading flows, representing a sustainable increase in capital over the coming years [3][7]. Group 3: Market Trends - The market performance in December is likely driven by multiple variables rather than a single event, indicating a trend of recovery influenced by macro environment, liquidity trends, and institutional behavior [4][8]. - Despite potential short-term volatility due to policy implementation timing and changes in on-chain activity, the overall direction is transitioning towards a healthier and more resilient state [4][8]. - Digital assets are expected to gain incremental attention in the coming weeks due to their higher price elasticity and faster capital response speed, as risk assets typically exhibit relative advantages during this phase [4][8].

Core Viewpoint - The China Securities Investment Fund Industry Association has revised the "Performance Assessment Management Guidelines for Fund Management Companies (Draft for Comments)", which includes a performance salary adjustment mechanism for active equity fund managers based on their performance over the past three years [1][3]. Group 1: Performance Assessment Guidelines - Fund management companies must establish a tiered performance salary adjustment mechanism based on the past three years' performance compared to benchmarks and fund profitability [1]. - If a fund manager's product performance is more than 10 percentage points below the benchmark and the fund's profitability is negative, their performance salary should decrease by at least 30% [1]. - For performance below the benchmark but with positive profitability, the salary should still decrease, while those with performance above the benchmark and positive profitability may see reasonable salary increases [1]. Group 2: Fund Manager Performance - Notable fund manager Shi Cheng's products have underperformed benchmarks over the past three years, with returns ranging from -5% to 28%, lagging behind benchmarks by 18% to 48% [2]. - Specific funds managed by Shi Cheng, such as Guotou Ruijin Advanced Manufacturing Mixed and Guotou Ruijin Industry Trend Mixed A, have seen net values drop significantly, with declines of 27.97% and 27.86%, respectively, underperforming benchmarks by 47.71 and 47.5 percentage points [2]. - Shi Cheng has recently adjusted his portfolio, moving away from heavily concentrated positions in the struggling new energy sector to focus on AI and technology stocks, which has led to some recovery in fund performance [3]. Group 3: Industry Implications - The new guidelines aim to create a long-term performance assessment system that aligns the interests of fund managers with the long-term returns of investors, addressing issues of short-term incentives and soft accountability in the industry [4]. - The implementation of these guidelines is expected to shift the industry focus from mere scale expansion to value creation, trust accumulation, and high-quality development, ultimately contributing to the stability of the capital market [4]. - Attention will be needed on the detailed execution of these policies, particularly regarding the standardization of performance benchmarks and the regulation of co-investment operations to ensure that the benefits of reform reach investors [4].

可能有朋友会问，那中长线该咋应对？帮主的观点很明确：这种回调不仅不是坏事，反而可能是给中长线投资者送机会。就像有策略师说的，现在市场已经 有些超卖了，情绪指标都到了极端恐惧的水平，这其实是洗出不坚定筹码的过程——那些只想赚快钱的人跑了，真正优质的标的反而会露出真面目。咱们做 中长线，不用天天盯着大盘的涨跌数字，要抓核心逻辑：美联储降息的大方向没改，只是节奏可能慢一点；AI赛道的长期价值还在，只是前期涨太急需要 消化估值；而那些业绩扎实、估值合理的标的，回调之后反而更有布局价值。 朋友们，帮主郑重又来跟大家唠实打实的财经了！周五凌晨打开行情软件，美股那波上涨确实挺吸睛，道指一下窜了快500点，纳指、标普也跟着往上走， 但咱把时间拉长到一周再看，三大股指全是绿的，纳指都连跌三周了，是不是有朋友心里开始犯嘀咕：这市场到底咋回事，该慌吗？ 其实这周美股的戏可比电视剧还精彩，咱们先回头唠唠周四那波过山车。早盘道指直接冲了700多点，大家一看英伟达财报亮眼，都以为AI股要接着领跑， 结果美国9月非农数据一公布，市场瞬间就变了脸——担心美联储年底前降息的事儿要泡汤，资金立马开始撤退。英伟达更惨，从早盘涨5%硬生生砸到跌 3 ...