会议强调，2025年是"十四五"规划收官之年，也是为"十五五"良好开局打牢基础的关键之年，REITs参 与各方要围绕"合规、专业、创新"三方面重点发力。一是牢固树立合规意识，深刻把握首都功能定位和 强监管形势要求，提高规范运作水平；二是全面提升专业能力，加强尽职调查、运管协同与投研体系建 设；三是坚持创新驱动，积极研究探索新类型资产，健全多层次REITs市场体系，推进"首发+扩募"双轮 发展。 会议要求，各市场参与方要凝聚共识、协同发力，共同构建辖区REITs市场健康生态。一是基金管理人 要切实扛起责任，将公募REITs用活用好，持续为首都经济高质量发展注入金融活水；二是各方要精诚 合作，携手打造REITs市场独具特色的"首都品牌"，突出"优质""可持续"；三是强化与监管部门的常态 化沟通机制，与监管部门同向发力，共同将北京区位优势、资产优势转化为北京REITs市场独具特色的 发展优势。 （文章来源：新华财经） 新华财经北京11月11日电（王菁）日前，北京证监局组织召开首次辖区公募REITs监管工作会议。会议 指出，北京公募REITs市场自试点以来规模稳步增长，资产类型持续丰富，市场韧性不断增强，在全市 场具 ...

Group 1 - A-shares experienced a collective decline, with the ChiNext index dropping by 1.4% [1] - Gold prices reached a high of $4,155 before slightly retreating, closing around $4,135 per ounce [1] - The China Gold ETF (518850) rose by 1.40%, while the non-ferrous metals ETF (516650) fell by 1.22%, and the gold stock ETF (159562) decreased by 0.65% [1] Group 2 - The U.S. Senate passed a funding and extension bill with a vote of 60 in favor and 40 against, which will end the longest government shutdown in U.S. history [1] - Following the end of the shutdown, the Federal Reserve officials have released dovish statements, increasing market expectations for interest rate cuts [1] - According to CME's "FedWatch," the probability of a 25 basis point rate cut in December is 64.1%, while the probability of maintaining the current rate is 35.9% [1] Group 3 - Bloomberg analysis suggests that the end of the government shutdown will lead to the release of delayed economic data, which is expected to show a deteriorating economic outlook [1] - This anticipated economic decline may prompt the Federal Reserve to further ease monetary policy, which would benefit non-yielding assets like gold [1]

中国经济网北京11月11日讯 今日，申万菱信基金发布申万菱信中证内地新能源主题交易型开放式 指数证券投资基金发起式联接基金清算报告。 报告称，申万菱信中证内地新能源主题交易型开放式指数证券投资基金发起式联接基金经中国证券 监督管理委员会（以下简称"中国证监会"）证监许可【2022】1173号文注册募集，于2022年9月19日成 立并正式运作。 依据《中华人民共和国证券投资基金法》《公开募集证券投资基金运作管理办法》等法律法规的规 定以及《申万菱信中证内地新能源主题交易型开放式指数证券投资基金发起式联接基金基金合同》（以 下简称"《基金合同》"）的有关规定，基金合同生效之日起3年后的对应日，若基金资产净值低于2亿 元，基金合同自动终止，无需召开基金份额持有人大会审议，且不得通过召开基金份额持有人大会延续 基金合同期限。若届时的法律法规或中国证监会规定发生变化，上述终止规定被取消、更改或补充时， 则该基金可以参照届时有效的法律法规或中国证监会规定执行。 该基金的基金合同生效日为2022年9月19日，基金合同生效之日起三年后的对应日为 2025年9月19 日。截至2025年9月19日日终，该基金的基金资产规模低于2 ...

中国经济网北京11月11日讯 今日，富荣基金公告，李黄海离任富荣富乾债券。 李黄海历任深圳市蓝天基金管理公司自有资产管理部交易员、深圳市半岛投资基金管理公司投资部 副经理、招商证券研究发展中心研究员、ClarlVest资产管理公司全球投资组投资分析员、民生加银基金 管理有限公司金融工程与产品部总监助理、易方达基金管理有限公司投资发展部研究员、摩根士丹利华 鑫基金管理有限公司专户理财部产品经理、平安大华基金管理有限公司衍生品投资中心投资经理、深圳 智富易投资管理有限公司投资部投资经理等职。2015年9月加入平安大华基金管理有限公司，曾任平安 大华鑫享混合型基金、平安大华鑫安混合型基金、平安大华量化灵活配置混合型基金基金经理。2020年 7月加入富荣基金管理有限公司。 （责任编辑：康博） 富荣富乾债券A/C成立于2018年2月7日，截至2025年11月10日，其今年来收益率为0.51%、0.38%， 成立来收益率为-7.30%、-14.95%，累计净值为0.9338元、0.8603元。 | 基金名称 | 富荣富乾债券型证券投资基金 | | --- | --- | | 基金简称 | 富荣富乾债券 | | 基金主代码 ...

王雁曾任职于蔚深证券有限责任公司深圳湾营业部、中科招商创业投资管理有限公司、银华基金管理有 限公司，曾任建信基金管理有限公司创新发展部总监和市场推广部总监、北京瀚文成长资本管理中心 （有限合伙）合伙人、中航基金管理有限公司总经理助理。2022年2月起加入鑫元基金管理有限公司， 历任首席产品官、公司总经理助理，现任公司副总经理。 中国经济网北京11月11日讯 今日，鑫元基金公告，任命王雁为副总经理。 ...

Core Viewpoint - The recent issuance of the "Guidelines for the Management of Theme Investment Style of Publicly Raised Securities Investment Funds" aims to address the long-standing issue of theme fund style drift, promoting a return to long-term investment and standardized development in the industry [2][4]. Group 1: Regulatory Changes - The China Securities Investment Fund Industry Association has introduced new guidelines that require fund companies to submit feedback by November 15, with the guidelines set to be officially implemented in 2026 [2][4]. - The guidelines will impose systematic regulations on theme funds across various aspects, including product design, investment operations, risk control, and custody supervision [2][4][6]. Group 2: Definition and Scope - The guidelines clarify the definition of theme investment funds, specifying that they must invest over 80% of non-cash assets in a specific investment direction, distinguishing them from other fund types [4][5]. - The guidelines mandate that fund names must clearly indicate investment directions and align with contractual agreements to prevent misleading representations [5][6]. Group 3: Management and Supervision - A comprehensive supervision system is established, involving active management by fund managers, oversight by custodians, and self-regulation by the association to prevent deviation from investment objectives [6][7]. - Fund managers are required to implement a full-chain system from product design to compliance management, with specific roles assigned to research, compliance, and fund management personnel [6][7]. Group 4: Performance Assessment - The guidelines emphasize the importance of stability in investment style as part of fund manager assessments, with penalties for significant deviations from investment directions [7][8]. - Custodians are tasked with rigorous oversight of fund contracts and must report any discrepancies to regulatory authorities [7][8]. Group 5: Transition Period - A transition period of 24 months is provided for existing theme investment funds to comply with the new requirements, allowing for necessary adjustments to fund contracts and prospectuses [8].

农银汇理基金成立于2008-03-18，法定代表人为黄涛，注册资本为17.5亿元，经营范围包含基金募集； 基金销售；资产管理等。该公司由中国农业银行股份有限公司持股51.67%。 | 新任高级管理人员职务 | 副总经理 | | --- | --- | | 新任高级管理人员姓名 | 曹毅 | | 任职日期 | 2025年11月7日 | | 过往从业经历 | 曾任中国人民银行广州分行、深圳中心支行干部。 | | | 2002年1月至2008年8月期间先后任南方基金管 | | | 理有限公司市场拓展部副总监、渠道部总监。2008 | | | 年8月至2013年3月任鹏华基金管理有限公司副 | | | 总裁。2013年3月至2025年8月任农银国际控股 | | | 有限公司副执行总裁。2025年8月至今,任农银汇 | | | 理基金管理有限公司党委委员。 | | 取得的相关从业资格 | 基金从业资格 | | 国籍 | 中国 | | 学历、学位 | 博士研究生 | 瑞财经 王敏 11月11日，农银汇理基金管理有限公司（以下简称"农银汇理基金"）发布公告，新任曹毅 为公司副总经理。 公告履历显示，曹毅曾任中国人民银行广州 ...

Core Viewpoint - The Hong Kong stock market is experiencing a surge in popularity for dividend-themed ETFs, driven by attractive dividend yields and a strong performance of dividend-paying stocks [1][2][3] Group 1: Market Performance - As of November 7, the total scale of Hong Kong dividend-themed ETFs has exceeded 67.812 billion, with an increase of 11.738 billion since October [1] - The Hong Kong stock market has seen a comprehensive increase in dividend levels, with 713 companies declaring dividends totaling 812.7 billion HKD, a year-on-year growth of 31.35% [2] - The Hong Kong dividend indices, such as the Hong Kong Stock Connect High Dividend (CNY) Index and the Hang Seng High Dividend Low Volatility Index, have shown significant long-term performance, with five-year cumulative gains of 42.64% and 43.17%, respectively, outperforming the Hang Seng Index's decline of 28.40% [3] Group 2: Investment Opportunities - Investors can utilize Hong Kong dividend ETFs (513530) and low volatility dividend ETFs (520890) for index-based investment, focusing on high liquidity and continuous dividend payments [3] - The Hong Kong Stock Connect Low Volatility Dividend ETF has achieved a return of 14.10% in the first half of 2025, compared to its benchmark's return of 11.88% [3] - The Hong Kong Stock Connect Dividend ETF has shown returns of 3.59%, 7.14%, 30.16%, and 15.91% from its inception in 2022 to the first half of 2025, outperforming its benchmark in the same periods [4]

11月11日，A股三大指数集体下跌，创业板指达跌1.4%，金价触及4155美元高点后小幅回落，截至A股 收盘，黄金期货价格交投于4135美元/盎司附近，黄金ETF华夏（518850）涨1.40%，有色金属ETF基金 （516650）跌1.22%，黄金股ETF（159562）跌0.65%。 消息面上，当地时间11月10日，美国参议院以60票赞成、40票反对的结果，投票通过了《持续拨款与延 期法案》。法案将在众议院进行表决，随后送交美国总统特朗普签署，以正式结束美国史上最长的政 府"停摆"。同时，美联储官员连续释放鸽派言论，市场降息预期升温，据CME"美联储观察"最新数据， 美联储12月降息25个基点的概率为64.1%，维持利率不变的概率为35.9%。 彭博社分析称，美国政府结束停摆后，将公布长期滞后的经济数据，为经济状况提供至关重要的"体温 检测"，预计数据显示经济前景将恶化。这反过来又会促使美联储进一步放松货币政策，这将利好无息 资产黄金。 （文章来源：每日经济新闻） ...

Market Overview - The market experienced fluctuations with the three major indices opening high but closing lower, with the Shanghai Composite Index down by 0.39%, the Shenzhen Component down by 1.03%, and the ChiNext Index down by 1.4% [2] - The trading volume in the Shanghai and Shenzhen markets was below 2 trillion yuan, a decrease of 180.9 billion yuan compared to the previous trading day [2] Regional Market Dynamics - The decline in the A-share market was not isolated, as stock markets across the Asia-Pacific region also exhibited a "high open, low close" pattern [5] - The initial high opening was influenced by a significant rise in the US stock market the previous night, but this was followed by a drop in various markets [6] US Government and Economic Data Concerns - Concerns regarding the US government "shutdown" and its potential impact on economic data have heightened, with expectations of a stronger US dollar attracting funds away from other markets [8] - The US Senate passed a temporary funding bill, but the final approval from the House of Representatives and the President is still pending [8] - Analysts express that the absence of economic data during the government shutdown may mask structural slowdowns in hiring, which could benefit the dollar [8] AI Hardware Sector - The AI hardware sector mirrored the overall market trend, showing a significant "high open, low close" pattern [9] - Concerns about a potential bubble in the AI sector in the US have negatively impacted related stocks in the A-share market [12] - Notably, Michael Burry raised alarms about the overestimation of profits by major tech companies due to accounting practices, which could lead to a significant profit overstatement by 2028 [13] Fund Management and Investment Style - Recent adjustments in institutional fund management styles may lead to market volatility, as funds shift away from popular sectors [14] - The China Securities Investment Fund Industry Association has proposed guidelines to regulate theme investment styles, aiming to protect investors' rights [16] Emerging Opportunities in Cultivated Diamonds - The cultivated diamond sector emerged as a leader in market gains, with a closing increase of over 6% [17] - Demand for cultivated diamonds is driven by both consumer and industrial markets, with recent advancements in semiconductor cooling technology enhancing their perceived value [19] - Regulatory changes announced by the Ministry of Commerce and the General Administration of Customs may also impact the cultivated diamond industry positively [19]