| 证券代码 | 证券简称 | 基金成立日 | 复权单位净值增 | 基金经理 | | --- | --- | --- | --- | --- | | | | | 长率(%) | | | 001412.OF | 德邦鑫星价值A | 2015/6/19 | 280.31 | 雷涛,陆阳 | | 018993.OF | 中欧数字经济A | 2023/9/12 | 266.27 | 海外开 | | 016303.OF | 中信建投北交所精选两年定开A | 2022/8/16 | 263.38 | 冷文鹏 | | 016370.OF | 信澳业绩驱动A | 2022/8/25 | 256.89 | 刘小明 | | 018124.OF | 永赢先进制造智选A | 2023/5/4 | 253.12 | 张路 | | 018956.OF | 中航机遇领航A | 2023/8/10 | 251.60 | 韩浩 | | 014283.OF | 华夏北交所创新中小企业精选两年定开 2021/11/23 | | 249.98 | 顾鑫峰 | | 016530.OF | 鹏华碳中和主题A | 2023/5/5 | 236.24 | ...

证券日报网讯 9月24日晚间，西部证券发布公告称，公司2024年面向专业投资者公开发行公司债券（第 四期）（债券简称：24西部04，债券代码：148924）将于2025年9月26日支付2024年9月26日至2025年9 月25日期间的利息人民币2.14元（含税）/张。本次付息的债权登记日为2025年9月25日，凡在2025年9 月25日（含）前买入并持有"24西部04"的投资者享有本次派发的利息；2025年9月25日卖出"24西部 04"的投资者不享有本次派发的利息。 （编辑 任世碧） ...

长桥证券调整开户政策。 又一跨境互联网券商调整中国内地居民开户条件要求，通道进一步收紧。9月24日，第一财经记者了解 到，中国内地居民如要在长桥证券开户，最新政策要求是必须提供中国香港身份证或其他国家的永居证 明。 这是长桥证券今年6月以来再次对内地居民开户政策作出调整。24日下午，记者通过邮件以客户身份进 一步咨询相关调整的具体时间，截至发稿尚未收到回复。 此前6月13日，长桥证券官方发布公告称，公司官方网站已全面停止了中国大陆境内用户通过存量证明 方式的开户形式，并强调目前不接受存量证明开户，中国大陆客户仅限实际在境外工作/生活者可开 户。需同时提供：有效内地身份证和近三个月内发出的港/澳/境外工作或生活证明，才可在长桥开立账 户。 日前，第一财经独家报道，富途证券、老虎证券于上周进一步关闭了中国内地居民的开户通道。其中， 富途证券的核心要求从提供海外工作或生活证明升级为海外身份证明，老虎证券则仅接受持有非中国内 地身份证件的客户申请开户。（详见报道《独家｜富途证券、老虎证券进一步关闭中国内地居民开户通 道》） 更早之前的8月，全球最大的互联网券商盈透证券（Interactice Brokers）提高了中 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 9月24日消息，券商一哥中信证券传来大消息！据悉，中信集团重要人事调整方案，决定将张佑君的退休时间 延后一年。在延期退休的这一年期间，张佑君将被派驻至中信证券国际，承担常驻工作任务。 回溯中信证券国际的发展历程，2012年，中信证券斥资12.52亿美元完成对里昂证券的收购，随后将其更名为 中信里昂；2015年，中信证券进一步推动资源整合，将中信里昂与中信证券国际进行合并。2016年，张佑君曾 亲自上阵，出任中信证券国际董事长一职；直至2022年下半年，他才将这一职务交接给中信证券执行委员会成 员李春波。 资料显示，张佑君，中信证券党委书记、执行董事、董事长。张先生于公司1995年成立时加入中信证券，于 2016年1月19日获委任为中信证券执行董事、董事长。张先生曾任公司襄理、副总经理、总经理、董事，长盛 基金总经理，中信建投总经理、董事长，中信集团董事会办公室主任，中信证券国际董事长。张先生亦任中信 集团、中信股份及中信有限总经理助理，中信金控副董事长，华夏基金董事长。张先生于1987年获中国人民大 学经济学学士学位，1990年获中央财 ...

Industry Investment Rating Not provided in the given content. Core Viewpoints - The development status of China's science - innovation bond market shows a three - stage development process, and currently forms a "technology board" prototype of the bond market. The overall development of science - innovation bonds from 2022 to August 2025 has distinct characteristics, and the participation of private enterprises also has its own features. There are some problems in the current market, and corresponding suggestions are put forward to support the financing of private science - innovation enterprises [6][13][46]. Summary by Directory 1. The Development Status of China's Science - Innovation Bond Market - It started in November 2015 with the release of the "Guidelines for the Issuance of Special Bonds for Mass Entrepreneurship and Innovation Incubation" by the National Development and Reform Commission. The development can be divided into three stages: the pilot exploration stage of "double - innovation bonds" from 2015 - 2021, the formal launch of science - innovation bonds and the formation of a "dual - track system" from 2022 - 2024, and the stage of innovation acceleration and capacity expansion since 2025. As of August 2025, it has formed a prototype of the bond market's "technology board" [6][13][27]. 2. Main Characteristics of China's Science - Innovation Bond Issuance - In terms of the issuer's ownership type, state - owned enterprises account for 90% of the issuance volume and scale, while private enterprises account for 10%. Regionally, economically and financially developed provinces and municipalities lead. In terms of industry distribution, the industrial and materials sectors account for half of the issuance. The credit ratings of issuers are concentrated on high - grade subjects, and about 70% of the bonds have a term of less than 5 years [6][31][34]. 3. Overview of Private Enterprises' Participation in Science - Innovation Bond Issuance - Regionally, private enterprises in Zhejiang, Jiangsu, Sichuan, and Guangdong provinces lead in science - innovation bond issuance, accounting for about 70%. In terms of industry distribution, about 70% of private - enterprise science - innovation bonds are concentrated in the materials, industrial, and optional consumption sectors. Most private - enterprise science - innovation bonds have a term of less than 1 year, and their coupon rates are generally higher than those of other issuers such as state - owned enterprises [38][41][43]. 4. Relevant Thoughts and Suggestions - There are three problems in the current science - innovation bond market: high qualification thresholds for issuers, low adaptability of information disclosure and credit rating systems to science - innovation enterprises, and few credit enhancement measures and lack of risk - sharing mechanisms. Suggestions include establishing a high - differentiation credit rating system, exploring a credit enhancement system that focuses on technology value, and improving information disclosure and innovating bond varieties. Local governments also have a role to play in promoting private enterprises' participation [46][47][49].

The S&P 500 Index (SPX) has been consistently hitting new highs for some time, but this hasn’t encouraged the membership of the American Association of Individual Investors (AAII). Every week, the AAII asks its membership how they feel about the stock market over the next six months. They can answer bullish, bearish, or neutral. The table below shows the SPX along with the four-week average of the bulls minus bears from their survey. You can see the bulls minus bears line is negative, meaning a higher per ...

日前，银河证券联合北京市晓更助残基金会、融爱融乐心智障碍者家长支持中心等慈善机构，成功在京 举办筹款慈善音乐会。鸣石基金、念空科技、艮岳投资、巨量边界、量子金服、阳泽投资、无隅资产、 启林投资和简文投资等多家知名私募管理人积极参与并捐款。 这场音乐会的主角是一群特殊的"心青年"——心智障碍者群体。他们用音乐展现了生命的坚韧，也让在 场的金融从业者进一步加深了对企业社会责任的理解。作为本次活动的公益支持方，银河证券以实际行 动践行"政治性"和"人民性"的企业使命，体现国有金融企业服务人民的责任担当，诠释资本向善的时代 价值。 聚焦民生关切 奏响公益乐章 融爱融乐负责人表示："这个群体在生活中面临着诸多隐形障碍，就业是他们最迫切的需求，也是最难 的环节。" 融爱融乐目前和多家酒店、餐饮企业合作设立就业实习基地，让心智障碍青年尝试布草整理、物品分拣 等基础岗位，但类似的机会仍属稀缺。这些青年需要经过漫长的转型期才能真正融入职场，而这一过程 离不开就业辅导员的陪伴与指导。音乐会的捐赠资金将主要用于聘请专业就业辅导员，帮助他们逐步融 入职场。 当前，金融行业正全力推进扎实做好科技金融、绿色金融、普惠金融、养老金融、数字 ...

Core Viewpoint - The current stock market rally is primarily driven by capital inflow and valuation enhancement due to declining interest rates, with a notable increase in retail investor participation [3][4][5] Group 1: Market Dynamics - The recent stock market increase has seen a rise of over 1000 points, yet the overall market valuation remains reasonable without signs of a bubble [3][4] - A-shares financing balance has surpassed the peak levels of 2015, but the proportion of financing balance to circulating market value is significantly lower than in 2015, indicating a more stable market environment [8][9] - The average price-to-earnings (P/E) ratio for major indices like the Shanghai Composite and CSI 300 remains within a rational range, with the CSI 300's P/E at approximately 14 times compared to 29 times for the S&P 500 [13][14] Group 2: Growth and Earnings - Sustained market growth relies on continuous corporate earnings growth, with A-share companies' net profit growth averaging only 2.5% for the first half of 2025, raising concerns about future market momentum [21][17] - The net profit of A-share companies reached 2.99 trillion yuan in the first half of 2025, marking a 2.5% increase from the previous year, with significant growth in sectors like advanced manufacturing and digital economy [20][21] Group 3: Policy and Future Outlook - The Chinese government is expected to continue implementing supportive macroeconomic policies in the fourth quarter and into 2025 to bolster market confidence [4][39] - The market is currently in a more rational state compared to previous years, with a focus on structural opportunities rather than speculative bubbles [23][12] Group 4: Investment Strategy - The ongoing trend of declining interest rates is likely to continue, making equities with high dividend yields and low volatility attractive to investors [9][28] - Diversification across various asset classes, including A-shares, Hong Kong stocks, bonds, and commodities, is recommended to mitigate risks associated with market volatility [31][28]

Core Viewpoint - The A-share market has experienced significant changes since September 24, 2024, marking a new cycle characterized by a strong recovery and confidence in the domestic technology sector [1][12]. Market Review - The market can be divided into three phases since September 24, 2024: 1. From September 24 to October 8, 2024, the Shanghai Composite Index surged from around 2700 points to 3674 points, an increase of nearly 1000 points [4]. 2. From October 8, 2024, to April 7, 2025, the market experienced fluctuations, testing investor confidence while hovering above 3000 points [6]. 3. From April 7, 2025, to the present, the market has seen a steady rise of nearly 900 points, moving from 3040 points to nearly 3900 points, indicating a "slow bull" market [6][12]. Market Dynamics - The overall market valuation has shifted from excessive pessimism to reasonable correction, with the technology growth sector gaining optimistic expectations [12]. - The annualized volatility of the Shanghai Composite Index has decreased to 15.9% over the past five years, down 2.8 percentage points from the previous five years, indicating a more stable investment environment [5][12]. Investment Trends - The technology sector has emerged as the strongest driver of the current market rally, with its market capitalization exceeding 25% of the total market [9][12]. - The ChiNext Index and the Science and Technology Innovation 50 Index have both seen significant gains, reflecting the success of the new policies introduced since September 24, 2024 [9][12]. Future Outlook - Historical analysis suggests that the CSI 300 Index could reach around 5500 points, indicating a potential upside of 22% from its current level of approximately 4500 points [18]. - The current dividend yield of the CSI 300 is 2.2%, suggesting a potential increase of 46% based on historical bull market dividend yields [21]. Investor Sentiment - Recent data indicates that while there has been an increase in retail investor activity, it remains below the levels seen during the previous bull market [13][15]. - The market sentiment has shown signs of improvement, but it is still not at the levels experienced during the peak of previous bull markets [13][15].

智通财经APP获悉，香港联交所最新数据显示，9月19日，易方达基金管理有限公司增持国泰海通 (02611)15.96万股，每股作价16.1861港元，总金额约为258.33万港元。增持后最新持股数目约为2.46亿 股，持股比例为7.00%。 ...