11月12日，大港股份涨5.36%，截至发稿，报18.10元/股，成交4.07亿元，换手率4.06%，总市值105.04 亿元。 资料显示，江苏大港股份有限公司位于江苏省镇江新区港南路401号经开大厦11层，成立日期2000年4月 20日，上市日期2006年11月16日，公司主营业务涉及房地产业务、物流及化工服务、高科技及节能环保 业务、集成电路测试服务。主营业务收入构成为：集成电路测试及相关46.69%，NMP废液提纯 17.86%，码头仓储供水等园区服务12.56%，环保固废填埋10.29%，租赁6.36%，其他6.25%。 华夏中证1000ETF（159845）成立日期2021年3月18日，最新规模454.69亿。今年以来收益27.98%，同 类排名1929/4216；近一年收益15.96%，同类排名2386/3937；成立以来收益28.76%。 华夏中证1000ETF（159845）基金经理为赵宗庭。 截至发稿，赵宗庭累计任职时间8年212天，现任基金资产总规模3558.65亿元，任职期间最佳基金回报 122.78%， 任职期间最差基金回报-32.63%。 风险提示：市场有风险，投资需谨慎。本文为AI ...

数据显示，南方基金旗下1只基金位居保变电气十大流通股东。南方中证1000ETF（512100）三季度减 持11.14万股，持有股数841.82万股，占流通股的比例为0.46%。根据测算，今日浮盈赚取约673.46万 元。 11月12日，保变电气涨7.09%，截至发稿，报12.08元/股，成交13.26亿元，换手率6.31%，总市值222.46 亿元。 资料显示，保定天威保变电气股份有限公司位于河北省保定市天威西路2222号，成立日期1999年9月28 日，上市日期2001年2月28日，公司主营业务涉及变压器、互感器、电抗器等输变电设备及辅助设备、 零部件的制造与销售。主营业务收入构成为：输变电产品99.30%，材料销售0.42%，其他0.28%。 从保变电气十大流通股东角度 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模766.3亿。今年以来收益28.07%，同类 排名1919/4216；近一年收益16.08%，同类排名2359/3937；成立以来收益13.33%。 南方中证1000ETF（512100）基金经理为崔蕾。 截至发稿，崔蕾累计任职时间7年7天，现任基金资产总规模12 ...

Core Insights - The Chinese semiconductor industry has shown strong performance in Q3, with total revenue reaching 439.2 billion yuan and net profit of 39.8 billion yuan, marking year-on-year growth of nearly 14% and approximately 53% respectively [1] - The "14th Five-Year Plan" emphasizes significant breakthroughs in key technologies across various sectors, including integrated circuits and artificial intelligence, which is expected to enhance the growth potential of China's chip industry [1] - The launch of the first ETF focusing on the Hong Kong chip industry chain is set to provide investors with new opportunities in the "hard technology" sector [1][2] Industry Performance - The total revenue of listed semiconductor companies in China for the first three quarters reached 439.2 billion yuan, with a net profit of 39.8 billion yuan, reflecting a robust growth trajectory [1] - The Hong Kong Information Technology ETF (159131) will track the CSI Hong Kong Stock Connect Information Technology Composite Index, which consists of 42 hard technology companies, predominantly in the semiconductor and electronics sectors [2][3] ETF Insights - The Hong Kong Information Technology ETF is the first to track the CSI Hong Kong Stock Connect Information Technology Composite Index, which is composed of 70% hardware and 30% software stocks [2] - The index has a high concentration of leading companies, with the top five stocks accounting for over 50% of the total weight, indicating a focus on capturing long-term growth opportunities in the technology sector [3] Market Trends - The Hong Kong Information Technology Composite Index has shown a cumulative increase of 89.60% from December 30, 2022, to October 31, 2025, outperforming other technology indices [4][6] - The index's annualized return stands at 25.71%, which is higher than that of other Hong Kong technology indices, while also exhibiting a smaller maximum drawdown [6][7]

11月11日，盘中黄金又经历了震荡的一天。在经历了前期的暴涨暴跌后，近期的金价可谓是实现了另类 的稳定，一直不上不下地震荡于4000美元/盎司附近。而伴随着金价的来回波动，不少本来坚定的朋 友，都开始动摇。打开微博，隔几天就能看到类似"黄金的长期逻辑变了吗"的提问登上热搜。今天，同 样作为一名黄金投资者，我们不聊基金，聊聊黄金，当下形势还能否长期持有。 其中，相较于传统实物黄金，类似上海金ETF（159834）及其联接基金（联A类018391，C类： 018392）这类跟踪金价的ETF，或将能够更好的助力投资者分享机遇。而与国内传统黄金ETF不同的 是，传统黄金ETF挂钩上海黄金交易所Au99.99现货价格，上海金ETF（159834）主要投资标的为上海 金合约。 相较于传统黄金ETF，该产品具有四大优势：一是可进行货币管理增厚收益。上海金ETF是保证金交 易，意味着基金管理人可以进行一定的货币管理。 二是可投资品种更丰富。相较大部分黄金ETF，上海金ETF可投资范围更广，可以投资于所有的黄金现 货合约，还可以参与黄金租赁。宽广的投资范围，意味着基金管理人可以更好的管理基金，有更多的玩 法。 首先先来看近期震 ...

11月11日，农银汇理基金公告称，经公司董事会审议通过，曹毅自2025年11月7日起担任副总经理。公告显示，曹毅此前已任公司党委委员。公司现任董事 长为黄涛（2022年9月26日起任），总经理为程昆（2021年9月6日起任）。 Choice数据显示，截至2025年三季度末，农银汇理基金公募管理规模为2185亿元，在全行业排名第37位，在银行系公募中排名第11位。其中非货币类资产净 值1368亿元，行业排名第36位，旗下共有85只基金产品。与2025年二季度末2092亿元相比，整体规模基本持平，显示资金留存稳定。 但具体来看，农银汇理的产品结构仍以固收类为主。Choice数据显示，截至2025年三季度末，公司债券型基金管理规模约999亿元，尚未突破千亿元大关， 占非货币类资产的七成左右；权益类产品总体规模不足400亿元，集中于混合与偏债型产品。值得注意的是，公司目前尚未布局ETF业务。这一结构意味 着，农银汇理的业务仍依赖固收板块支撑，权益投资与指数产品的拓展空间较大。 | 公司名称 | 基金类型 | 资产净值合计 | 行业排名 | | --- | --- | --- | --- | | | | (亿元) | ...

Group 1 - Chen Yu officially appointed as the General Manager of Bosera Fund, marking a new leadership transition for the company which manages over 1.8 trillion yuan [1] - The new management combination with Chairman Zhang Dong is expected to positively impact Bosera Fund's future development and inject new vitality into the company [1] - The stability of large fund companies' management is crucial for investor confidence, potentially providing a positive signal for the overall industry development [1] Group 2 - Wang Gongwei has filed a lawsuit against Dazhihui, seeking to revoke the resolutions from the second extraordinary general meeting of shareholders held on October 13, 2025 [2] - The lawsuit claims that the merger with Xiangcai Co. constitutes a significant related party transaction and that Dazhihui failed to conduct proper audits or evaluations [2] - Dazhihui asserts that it has completed all necessary procedures for the merger and will actively respond to the lawsuit, which currently does not involve a specific monetary amount [2] Group 3 - The number of newly issued public funds has reached 1,371 this year, the highest in nearly three years, indicating a shift towards a "small but numerous" issuance model [4] - The average fundraising size for new funds is only 782 million yuan, reflecting a market preference for niche and thematic investments [4] - This trend is expected to benefit smaller fund companies with differentiated research capabilities and may lead to increased market rotation among sectors like technology and consumer goods [4] Group 4 - CITIC Securities has received approval to issue short-term corporate bonds not exceeding 50 billion yuan, enhancing its capital strength and liquidity [5] - This financing action by a leading brokerage may draw attention to the capital replenishment capabilities within the industry, potentially leading to increased differentiation among firms [5][6] - The financing behavior of large financial institutions is generally viewed as a signal of liquidity easing, which could positively influence market sentiment [6]

Core Points - Fengyuan Co., Ltd. experienced a decline of 5.86% on November 12, with a stock price of 17.50 CNY per share and a total market capitalization of 4.901 billion CNY [1] - The company, established on August 23, 2000, and listed on July 7, 2016, primarily engages in the production and sales of oxalic acid and nitric acid, with lithium battery cathode materials accounting for 92.78% of its main business revenue [1] Group 1 - The top circulating shareholder of Fengyuan Co., Ltd. includes a fund from Jiashi Fund, specifically the Jiashi CSI Rare Earth Industry ETF (516150), which entered the top ten circulating shareholders in the third quarter, holding 2.118 million shares, representing 0.76% of circulating shares [2] - The Jiashi CSI Rare Earth Industry ETF (516150) was established on March 9, 2021, with a latest scale of 7.648 billion CNY, achieving a year-to-date return of 72.49% and ranking 117 out of 4216 in its category [2] - The fund manager of Jiashi CSI Rare Earth Industry ETF is Tian Guangyuan, who has been in the position for 4 years and 250 days, with the fund's total asset scale at 75.812 billion CNY [3]

限制C类份额定期定额投资金额：1,000,000.00元 暂停D类份额大额定期定额投资起始日：2025年11月13日 限制D类份额定期定额投资金额：1,000,000.00元 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 证券之星消息，11月12日招商基金管理有限公司发布《关于调整招商招华纯债债券型证券投资基金C类 份额、D类份额大额申购（含定期定额投资）和转换转入业务的公告》。公告中提示，为保障基金的平 稳运作，维护基金份额持有人利益，自2025年11月13日起调整招商招华纯债债券型证券投资基金C类份 额、D类份额大额申购（含定期定额投资）和转换转入业务，申购、转换转入上限金额为100.0万元，下 属分级基金调整明细如下： | 分级基金简称 | 代码 | 是否暂停（大额）申购 | | 申购限额 转入限额 定投限额 | (元) | | --- | --- | --- | --- | --- | --- | | | | (转入转出、赎回、定投) | (元) | (元) | | | 招商招华纯倩A 003448 | | 를 | 1.0 ...

Core Viewpoint - The trading activity of government bond ETFs has increased, indicating a potential initiation of a long-term bond market trend in Q4 2025 [1] Group 1: Trading Activity - The turnover rate of government bond ETFs has risen, suggesting more clients are opting to trade these instruments [1] - As of November 11, 2025, the turnover for the 5-10 year government bond ETF was 48.29%, with a transaction volume of 800 million yuan, reflecting active market participation [1] - The average daily transaction volume for the 5-10 year government bond ETF over the past week was 1.342 billion yuan [1] Group 2: Fund Performance - The latest size of the 5-10 year government bond ETF reached 1.656 billion yuan, marking a six-month high [2] - Over the past five trading days, the fund attracted a total inflow of 49.3255 million yuan [2] - The net value of the 5-10 year government bond ETF has increased by 21.81% over the past five years, ranking 30th out of 181 in the index bond fund category [2] Group 3: Return Metrics - Since its inception, the highest monthly return for the 5-10 year government bond ETF was 2.58%, with the longest consecutive monthly gain being 10 months [2] - The fund has a historical profit probability of 100% over three years, with a monthly profit probability of 71.01% [2] Group 4: Risk Metrics - As of November 11, 2025, the maximum drawdown for the 5-10 year government bond ETF over the past six months was 1.09%, compared to a benchmark drawdown of 0.46% [3] Group 5: Fee Structure - The management fee for the 5-10 year government bond ETF is 0.15%, while the custody fee is 0.05% [4] Group 6: Tracking Accuracy - The tracking error for the 5-10 year government bond ETF over the past month was 0.025%, closely following the index of active government bonds with maturities of 5, 7, and 10 years [5]

Core Viewpoint - On November 12, 2023, GF Fund Management Co., Ltd. announced adjustments to the large-scale subscription limits for the C-class shares of the GF New Power Mixed Securities Investment Fund, effective from November 12, 2025, to meet investor demand [1] Group 1: Fund Adjustments - The announcement specifies that the large-scale subscription (including transfer-in, regular fixed investment, and irregular investment) limits for the C-class shares of the GF New Power Mixed Securities Investment Fund will be adjusted [1] - The detailed adjustments for the sub-funds are provided, indicating that the GF New Power Mixed A fund will not suspend large-scale subscriptions, while the GF New Power Mixed C fund will have a subscription limit of 1 million yuan for both subscription and transfer-in [1]