数据显示，宏利基金旗下1只基金重仓湘财股份。宏利稳定混合（162203）二季度持有股数57.69万股， 占基金净值比例为3.12%，位居第四大重仓股。根据测算，今日浮盈赚取约34.04万元。 宏利稳定混合（162203）成立日期2003年4月25日，最新规模1.85亿。今年以来收益13.39%，同类排名 5327/8172；近一年收益31.97%，同类排名4922/7995；成立以来收益819.94%。 宏利稳定混合（162203）基金经理为邱楠宇。 截至发稿，邱楠宇累计任职时间3年270天，现任基金资产总规模1.85亿元，任职期间最佳基金回 报-28.83%， 任职期间最差基金回报-30.4%。 9月23日，湘财股份涨5.31%，截至发稿，报11.70元/股，成交10.25亿元，换手率3.16%，总市值334.52 亿元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，湘财股份有限公司位于黑龙江省哈尔滨高新技术产业开发区迎宾路集中区太湖北路7号，成 立日期1 ...

9月23日，湘财股份涨5.31%，截至发稿，报11.70元/股，成交10.25亿元，换手率3.16%，总市值334.52 亿元。 南方中证500ETF（510500）成立日期2013年2月6日，最新规模1134.38亿。今年以来收益27.85%，同类 排名1783/4220；近一年收益62.69%，同类排名1486/3814；成立以来收益142.59%。 南方中证500ETF（510500）基金经理为罗文杰。 截至发稿，罗文杰累计任职时间12年158天，现任基金资产总规模1389.99亿元，任职期间最佳基金回报 145.85%， 任职期间最差基金回报-47.6%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，湘财股份有限公司位于黑龙江省哈尔滨高新技术产业开发区迎宾路集中区太湖北路7号，成 立日期1994年3月25日，上市日期1997年7月8日，公司主营业务涉及证券服务业。主营业务收入构成 为：贸易业务95.92%，食品加工业务2.41%， ...

为深入贯彻落实党中央、国务院决策部署，进一步推动新"国九条"和资本市场"1+N"政策文件的落地实 施，9月19日，由中国证券监督管理委员会上海监管局指导，上海上市公司协会、全景网主办，上海证 券交易所、深圳证券交易所、中证中小投资者服务中心支持的"2025年上海辖区上市公司集体接待日暨 中报业绩说明会"在上海圆满举行。 本次集体接待日以"沟通传递价值，信心共筑未来"为主题，为投资者与上市公司及高管人员之间的沟通 搭建良好平台，并通过互动交流、在线答疑、线上直播、现场参与等方式，建立上市公司与投资者之间 的良性互动。此次活动共有107家上海辖区上市公司，440余位高管集体亮相。 东方证券投教基地作为本次集体接待日暨中报业绩说明会的投教支持机构，充分调动各分支机构力量， 广泛组织投资者参与活动并对上市公司提问，切实维护中小投资者的合法权益，并有效推动上市公司优 化投资者关系管理。本次活动中，东方证券投教基地向辖区内33家上市公司提问共114条，收到上市公 司回复114条。 以下为东方证券投教基地与上市公司部分精彩问答情况： 东方证券投教基地提问张江高科：园区集成电路、生物医药企业入驻率和租金情况？产业投资业务退出 ...

Group 1 - The Shanghai Stock Exchange (SSE) aims to enhance the institutional mechanisms supporting technological self-reliance and innovation, focusing on reforms to improve the inclusiveness of the Sci-Tech Innovation Board [1] - The SSE plans to establish a "growth tier" to better serve high-quality companies in frontier technology sectors such as "hard tech," artificial intelligence, commercial aerospace, and low-altitude economy [1] - The SSE will optimize the new stock issuance pricing mechanism and implement significant reforms to support unprofitable companies and those meeting the fifth set of standards for listing [1] Group 2 - The SSE emphasizes the importance of comprehensive supervision throughout the issuance review process, prioritizing substance over form and ensuring accountability in the application process [1] - The SSE will enhance the coverage of on-site inspections for newly listed companies and maintain strict oversight on projects that withdraw applications after supervisory guidance [1] - The SSE intends to moderately expand the range of issuers for Sci-Tech bonds to further support innovation [1]

Core Viewpoint - The 30-year Treasury ETF (511090) has undergone a downward adjustment, with the latest quote at 118.16 yuan, indicating active market trading and liquidity [1] Market Performance - The 30-year Treasury ETF recorded a turnover rate of 17.38% during the trading session, with a total transaction volume of 5.345 billion yuan, reflecting a vibrant market [1] - Over the past month, the average daily transaction volume for the 30-year Treasury ETF reached 10.254 billion yuan [1] Fund Size - According to Wind data, the latest size of the 30-year Treasury ETF is 30.895 billion yuan [1] Market Conditions - The bond market has not shown significant recovery as of September, with long-term bond yields remaining volatile and the yield curve spread continuing to widen [1] - New public fund fee regulations and expectations of central bank bond purchases have emerged, leading to a downward adjustment in long-term yields after breaking below 1.8%, followed by a period of volatility [1] Economic Outlook - Dongwu Securities indicates that the yield has returned to the upper range of the volatility zone, with a notable weakening of the stock-bond relationship. The impact of quarter-end fund redemptions and banks realizing profits is gradually diminishing [1] - The fundamental economic data remains weak, and expectations for the resumption of Treasury trading are increasing, alongside a higher probability of the Federal Reserve lowering interest rates within the year. However, significant upward movement in the bond market is limited in the short term [1] Index Tracking - The 30-year Treasury ETF closely tracks the China Bond 30-Year Treasury Index (Total Value) which is part of the China Bond Index family. The index consists of publicly issued and tradable 30-year government bonds with a remaining maturity of 25-30 years, excluding special government bonds, serving as a performance benchmark for this category of bonds [1]

Group 1 - The A500 index components show mixed performance, with Changchuan Technology leading at 20.00% increase, followed by Terui De at 12.77% and Lianang Micro at 10.00%, while Guangxun Technology leads the decline [1] - The A500 ETF fund has an active trading environment, with a turnover rate of 23.5% and a transaction volume of 3.72 billion yuan, ranking first in average daily trading volume among comparable funds at 5.14 billion yuan over the past month [1][2] - The top ten weighted stocks in the A500 index account for 19.83% of the index, including Kweichow Moutai, CATL, Ping An, and others [2] Group 2 - Dongguan Securities indicates that the market has strong mid-term upward momentum, with a positive outlook for capital market liquidity and a potential shift of household deposits to equity markets [2] - The upcoming 20th Central Committee's Fourth Plenary Session is expected to further enhance market risk appetite, despite short-term volatility [2] - Key sectors to focus on include TMT, public utilities, and non-ferrous metals [2]

Report Industry Investment Rating - Industrial products and precious metals are recommended for long - position allocation on dips [3] Core Viewpoints - Domestic policy expectations are rising, and the government is trying to implement more proactive macro - policies to cope with the increased external pressure [1] - The inflation outlook in the United States is clearer, with the Fed cutting interest rates and the possibility of further cuts in the future. Different commodity sectors have different trends and investment opportunities [2] - Precious metals are expected to continue to strengthen due to the trends of de - dollarization and the interest - rate cut cycle [2][5] Summary by Directory Market Analysis - In August, China's economic data showed signs of weakness, with features like "slow industry, weak investment, and dull consumption". External tariff pressure increased, and the government proposed stable - growth policies. The central bank maintained LPR and conducted 14 - day reverse repurchase operations. There were also positive developments in Sino - US economic and trade relations [1] - The US 8 - month ISM manufacturing index has been shrinking for six consecutive months, with improved new orders and a falling price index. The Fed cut interest rates by 25 basis points, and there are expectations of further cuts. The US Senate rejected short - term spending bills, and there is a risk of a government shutdown. The US promised to support Argentina, causing a sharp rise in Argentine dollar - denominated bonds [2] Commodity Sector Analysis - The black and new - energy metal sectors are sensitive to domestic supply - side factors; precious metals and agricultural products are related to overseas inflation expectations. The black sector is restricted by downstream demand, the non - ferrous sector has long - term supply constraints, the energy supply is expected to be relatively loose in the medium term, the "anti - involution" space in the chemical sector is worthy of attention, and agricultural products are affected by tariffs and inflation expectations [2] - Precious metals, especially gold, are expected to continue to strengthen despite the "sell - the - fact" situation after the Fed's interest - rate cut. On September 22, spot gold reached a new high of $3720 per ounce, up nearly 8% this month [2][5][6] Strategy - Recommend long - position allocation of industrial products and precious metals on dips in the commodity and stock index futures markets [3]

Group 1 - The ChiNext Index experienced fluctuations, with a peak increase of over 1% before a pullback of 1.75% as of September 23, 2025 [1] - Leading stocks included Changchuan Technology, which surged by 20.00%, followed by Teruid and XianDao Intelligent with increases of 13.85% and 4.31% respectively [1] - The 2025 Yunqi Conference will be held from September 24 to 26 in Hangzhou, focusing on topics such as large models, AI applications, and infrastructure [1] Group 2 - Huatai Securities noted that the current market's sustainability relies on positive feedback from the funding environment, which remains active [1] - The report emphasized that the profitability effect is crucial for the continuation of positive feedback in the funding environment, with current market consolidation probabilities remaining high [1] - Overseas liquidity and geopolitical issues are improving, while domestic fundamentals are on an upward trend, maintaining a mid-term bullish outlook for the market [1] Group 3 - Guosheng Securities highlighted significant volatility in the optical communication sector, but strong demand and large orders in the overseas AI computing power sector indicate a solid fundamental outlook for the optical module industry [2] - The emotional adjustments in the short-term market provide better investment opportunities, with a long-term positive outlook for the optical module sector [2] - The ChiNext ETF closely tracks the ChiNext Index, which consists of 100 stocks with high market capitalization and liquidity, reflecting the performance of the ChiNext market [2]

Core Viewpoint - The article discusses the development and capabilities of the GF Quantitative Alpha Factor Database, which supports various investment strategies through a comprehensive factor library built on extensive research and data accumulation by the GF Quantitative team [1]. Group 1: Database Overview - The GF Quantitative Alpha Factor Database is established on MySQL 8.0 and encompasses over a decade of research experience, integrating fundamental factors, Level-1 and Level-2 high-frequency factors, machine learning factors, and alternative data factors [1]. - The database supports strategies such as long-short strategies, index enhancement, ETF rotation, asset allocation, and derivatives [1]. - The GF Quantitative team possesses a data storage capacity of over 100TB and high-performance CPU/GPU computing servers, collaborating with reliable data providers like Wind, Tianruan, and Tonglian for efficient factor development and dynamic updates [1]. Group 2: Factor Types and Performance - The article lists various factors categorized by type, including deep learning factors, trading volume factors, and market order ratios, each with specific definitions and performance metrics [3]. - For instance, the "agr_dailyquote" factor has a historical average of 14.22% and a historical win rate of 91.97% [3]. - The "bigbuy" factor shows a historical average of 7.85% with a win rate of 66.74% [3]. Group 3: Research Reports - A series of research reports are available for download, covering topics such as style factor-driven quantitative stock selection, industry selection, and macroeconomic observations related to Alpha factor trends [4][5]. - The reports include analyses on the application of factors in the CSI 300 index and various strategies for capturing industry alpha drivers [4].

21世纪经济报道特约记者 庞华玮 "十四五"收官，中国资本市场交出了一份沉甸甸的开放"成绩单"。 "中国资本市场的'朋友圈'越来越大。"9月22日，在国务院新闻办公室"高质量完成'十四五'规划"系列主题新闻发布会上，中国证监会主席吴清介绍了在"十 四五"期间中国资本市场对外开放情况。 "'十四五'期间，新增核准13家外资控股证券基金期货机构来华展业兴业，外资持有A股市值3.4万亿元，269家企业境外上市。"吴清说。 此外，证监会持续拓展外商可投资期货期权特定品种范少围，拓展ETF互联互通机制，丰富跨境投资产品，持续为境外投资者提供良好监管环境。 度型开放"为核心的深层次变革，正推动中国资市场扩大开放、与全球市场实现"双向奔赴"。 从外资机构抢滩布局到中资企业扬帆出海，一场以"制 制度型开放 过去五年，"十四五"规划下的中国资本市场开放以制度型开放为核心，从市场准入到规则对接，对外开放的步伐不断加大。 "资本市场高水平制度型开放稳步扩大。统筹开放与安全，稳妥有序推进市场、产品和机构双向开放。"吴清指出。 吴清介绍，"十四五"期间全面取消行业机构外资持股比例限制，完善合格境外投资者制度，优化沪深港通、沪伦通、基金 ...