富达基金中国公司再获增资！ 【导读】富达基金中国公司增资至2亿美元 据不完全统计，年内已有十余家公募基金公司实施增资，合计增资金额超20亿元。 例如，1月，红土创新基金获深创投增资1.5亿元，注册资本增至5.5亿元。3月，国新国证基金注册资本由2亿元增至4.1亿元；外资系公募摩根士丹利基金 管理（中国）有限公司注册资本由6亿元增至9.5亿元；外资系公募联博基金注册资本由3亿元增至5亿元；恒越基金注册资本由2亿元增至2.3亿元。4月，先 锋基金注册资本增至2.05亿元，到了8月又增至2.3亿元。 综合来看，年内获得增资的多为中小型基金公司。 北京一位公募人士表示，随着公募行业竞争日益激烈，股东方的注资一方面可以减轻基金公司生存压力、增强资本实力；另一方面，可以为公司提供更多 资金用于产品管理、业务拓展、投研与人才建设等，提升其在行业中的竞争力。 天眼查信息显示，富达基金管理（中国）有限公司日前发生工商变更，注册资本由1.82亿美元增至2亿美元，增幅近10%。 | 人 大 訳 | | 都在用的需业宣演工具 国家中小企业发展子基金旗下机构 | 童公司 查老板 查关系 查风险 富达基金管理（中国）有限公司 | க 天 ...

2025.11.11 本文字数：2635，阅读时长大约4分钟 作者 |第一财经 曹璐 "基金名叫'新能源'，持仓却是银行、白酒；说是'消费主题'，大头押了TMT板块……"这些年，不少基 民吐槽有部分主题基金"名不副实"。这种"说一套做一套"的操作，不仅让投资者既困惑又受伤，更埋下 业绩剧烈波动的隐患。 如今，这一乱象有望得到系统性规范。 第一财经记者从多家公募基金公司获悉，中国证券投资基金业协会（下称基金业协会）近日下发了《公 开募集证券投资基金主题投资风格管理指引（征求意见稿）》（下称《指引》）以及相关通知，并要求 各基金公司11月15日之前提交反馈意见，《指引》计划于2026年正式实施。 主题基金风格漂移，一直是公募基金行业长期存在的顽疾，背后形成原因复杂，包括市场风格变化、基 金经理风格转向、业绩驱动、考核标准等。这种操作让投资者难以通过基金名称判断真实投向，更导致 业绩随市场风格切换大起大落。 监管层对这一问题也持续关注，此次《指引》对主题投资基金存在的多项问题提出系统性规范要求。 多家公募基金公司人士向第一财经记者确认，已收到基金业协会下发的关于公募基金主题投资风格管理 指引征求意见的通知以及相关文 ...

在公募基金领域，研究是投资的首要环节。好的研究不仅能为投资决策提供坚实的基础，还能帮助基金 经理把握市场动态，优化资产组合。 那么，基金公司的投研工作到底是怎样的？研究部每天都在忙些什么？本期让我们走进"基金大厂"之一 工银瑞信基金，一探究竟。 研究部是基金公司中的智囊团，专业性强，承担以投资为导向的研究职能，基于宏观经济环境、行业发 展趋势和公司经营特点，通过财务报告分析、上市公司沟通调研、参加路演会议等多种研究方式来挖掘 价值。 以工银瑞信基金为例，目前，其研究部共有医药组、TMT组、新能源组、金融地产组、周期组、海外 组、宏观策略组、数量组、消费组九大研究组，每个组均配备多名拥有专业背景的研究员，他们积极挖 掘各个细分板块的投资机会，在跌宕起伏的行情中，像"雷达"一样帮助基金经理在投资领域覆盖得更 广、挖得更深。 因此，研究员们的工作日程也通常紧凑充实，每日清晨开始复盘隔夜市场动态，到达公司参加晨会开启 一天的工作，随后陆续参加各类策略研讨、企业调研、路演交流等等大小会议，并及时完成会议纪要、 调研笔记等。如果当日有大事发生，研究员要及时提供专业解读，遇到季报、半年报、年报发布的高峰 期，工作强度会明显 ...

Core Insights - The article emphasizes the importance of research in public fund investment, highlighting that effective research provides a solid foundation for investment decisions and helps fund managers navigate market dynamics and optimize asset allocation [2]. Group 1: Research Department Overview - The research department at ICBC Credit Suisse Fund acts as a think tank, focusing on investment-oriented research based on macroeconomic conditions, industry trends, and company characteristics [2]. - The department consists of nine specialized research teams, including sectors like pharmaceuticals, TMT (Technology, Media, and Telecommunications), new energy, financial real estate, cyclical industries, overseas markets, macro strategy, quantitative analysis, and consumer sectors [2]. - Each team is staffed with multiple researchers who actively seek investment opportunities across various segments, functioning like "radars" to assist fund managers in broadening and deepening their investment coverage [2]. Group 2: Daily Activities of Researchers - Researchers' daily routines are characterized by a tight schedule, starting with a review of overnight market dynamics, followed by participation in morning meetings and various strategy discussions, company research, and roadshow communications [3]. - They are responsible for producing meeting minutes and research notes, and must provide timely professional interpretations of significant events, especially during peak reporting periods for quarterly, semi-annual, and annual reports [4]. Group 3: Professional Development and Research Focus - The high-intensity research environment contributes to the professional development of researchers, with a typical career progression from research assistant to researcher, mid-level researcher, senior researcher, assistant fund manager, and fund manager [4]. - Research directions are broadly categorized into two types: macro research (including macroeconomic, strategy, bond, and quantitative research) and industry research (covering sectors like computing, electronics, finance, pharmaceuticals, and consumer goods) [4].

Core Viewpoint - Fidelity Fund Management (China) Co., Ltd. has increased its registered capital from $1.82 billion to $2 billion, marking an increase of nearly 10% [2][4]. Group 1: Company Overview - Fidelity Fund Management (China) Co., Ltd. was established in May 2021 and received approval in December 2022 to conduct public offering securities investment fund management, fund sales, and private asset management [4]. - The company is wholly owned by Fidelity Asia Holdings Private Limited, which is a subsidiary of Fidelity International [4]. Group 2: Recent Capital Increases - In 2023, Fidelity Fund Management (China) has completed two capital increases: the first from $1.6 billion to $1.82 billion in February, an increase of 13.75%, and the second to $2 billion [4]. - More than ten public fund companies have implemented capital increases this year, with a total increase exceeding $2 billion [6]. Group 3: Industry Trends - The trend of capital increases is primarily observed among small and medium-sized fund companies, reflecting the competitive nature of the public fund industry [7]. - Increased capital from shareholders can alleviate operational pressures and enhance the capital strength of fund companies, allowing for better product management, business expansion, research, and talent development [7]. - The actions of foreign public funds to increase capital indicate a long-term confidence in the Chinese capital market [8].

Core Viewpoint - The article discusses the recent regulatory changes aimed at addressing the issue of "style drift" in theme-based mutual funds in China, which has led to confusion and losses for investors due to discrepancies between fund names and actual holdings [3][4]. Group 1: Regulatory Changes - The China Securities Investment Fund Industry Association has issued a draft guideline titled "Guidelines for the Management of Theme Investment Style of Publicly Raised Securities Investment Funds," which aims to standardize the investment behavior of theme funds [4][7]. - The guidelines will require funds to clearly define their investment direction, ensuring that fund names align with their actual investment strategies, thus preventing misleading representations [8][9]. - The new regulations are set to be implemented in 2026, with a 24-month transition period for existing funds to comply with the new requirements [13]. Group 2: Issues with Theme Funds - The phenomenon of "style drift" has been a persistent issue in the mutual fund industry, driven by factors such as market style changes, fund manager shifts, and performance pressures [6][7]. - Many fund managers have been observed to frequently switch between different market styles, leading to significant volatility in fund performance and investor losses [11][12]. - The guidelines aim to clarify the definition of theme funds, stipulating that at least 80% of non-cash fund assets must be invested in a specific direction, thereby reducing ambiguity in fund positioning [6][8]. Group 3: Management and Supervision - The guidelines establish a comprehensive supervision system involving fund managers, custodians, and self-regulatory measures to prevent deviations from stated investment styles [10][12]. - Fund managers are required to implement robust internal controls and risk management practices, while custodians must enhance their oversight responsibilities [12][13]. - The guidelines also emphasize the importance of maintaining investment style stability in the performance evaluation of fund managers, with penalties for significant deviations [12].

金价高位回调目前在4100美元附近震荡，产品持续获资金布局，统计显示，黄金ETF华夏（518850）连 续8个交易日持续获资金净申购，累计净申购达3.92亿元；截至11月10日，产品最新份额9.64亿份，最新 规模86.72亿元，较年初规模增长超5倍。（魏昭宇） 中证网讯 11月11日，受隔夜金价大涨影响，金价延续强势，期货黄金价格突破4150美元/盎司后陷入震 荡，截至14:13，黄金ETF华夏（518850）涨1.43%，有色金属ETF基金（516650）跌1.16%，黄金股ETF （159562）跌0.61%。 有机构分析称，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，引发经济担忧，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。市场普遍认为，美联储可能在今年12月降息 25 个基点。CME FedWatch 工具显示，当前市场已计入约 67% 的降息概率，并进一步将明年1月累计降息可能性提高至约 80%。 ...

Core Viewpoint - Xin Yuan Fund Management Co., Ltd. announced the appointment of Wang Yan as the new Deputy General Manager, effective November 10, 2025, following board approval and regulatory filing [1] Group 1: Management Changes - Wang Yan holds a master's degree and has obtained qualifications for fund management and senior management positions, showcasing a strong educational background [1] - Prior to joining Xin Yuan Fund, Wang Yan worked at various institutions including Weishen Securities, Zhongke Chuangxiang Investment, and Yinhua Fund, accumulating extensive experience in the financial industry [1] - Wang Yan joined Xin Yuan Fund in February 2022, serving as Chief Product Officer and Assistant General Manager, and has been deeply involved in advancing the company's core business [1] Group 2: Industry Impact - Wang Yan's diverse experience in public funds and venture capital is expected to inject new momentum into Xin Yuan Fund's product layout and market expansion, contributing to the company's steady development [1]

人民财讯11月11日电，企查查APP显示，近日，南京和熙新材料产业发展股权投资基金合伙企业(有限 合伙)成立，出资额8亿元，经营范围包含：创业投资(限投资未上市企业)；以自有资金从事投资活动； 以私募基金从事股权投资、投资管理、资产管理等活动。企查查股权穿透显示，该企业由南京市紫金产 业投资有限公司等共同出资。 ...

Group 1 - The core viewpoint of the news is the performance and market position of Jiangxin Home, which saw a stock price increase of 5.01% to 93.93 CNY per share, with a total market capitalization of 20.549 billion CNY [1] - Jiangxin Home specializes in the research, design, production, and sales of smart electric sofas, smart electric beds, and their core components, with revenue composition being 78.76% from smart electric sofas, 12.06% from components, 8.34% from smart electric beds, and 0.84% from other sources [1] - The company was founded on May 31, 2002, and went public on September 13, 2021, indicating a relatively recent entry into the public market [1] Group 2 - From the perspective of fund holdings, Huabao Fund has a significant position in Jiangxin Home, with its Huabao Consumption Upgrade Mixed Fund (007308) holding 15,600 shares, accounting for 2.9% of the fund's net value, ranking as the ninth largest holding [2] - The Huabao Consumption Upgrade Mixed Fund was established on June 19, 2019, and has a current scale of 49.5712 million CNY, with a year-to-date return of 4.5% and a one-year loss of 0.75% [2] - The fund manager, Bo Yu, has been in charge for 4 years and 74 days, with the best and worst fund returns during his tenure being -17.35% and -37.78%, respectively [3]