Core Insights - The global fund tokenization market is experiencing explosive growth, with major Wall Street firms entering this emerging field. Goldman Sachs reports that the asset management scale of tokenized assets reached $23 billion in the first half of this year, a staggering 260% increase since January. The total market value of tokenized government bonds has reached $7.5 billion [1][4]. Group 1: Market Growth and Projections - Goldman Sachs predicts that by 2030, tokenized funds will account for 1% of the global asset management scale, exceeding $600 billion. This growth is not limited to traditional money market funds but also includes private equity and other alternative asset tokenization [1][4]. - The tokenized fund market is expected to expand significantly from $40 billion in 2023 to $317 billion by 2028, with growth concentrated in private equity, private debt, real estate, and other alternative strategies [4]. Group 2: Institutional Participation - Major institutions such as BlackRock, Fidelity Investments, and Goldman Sachs Asset Management are participating in the initial launch of tokenized money market fund solutions, indicating a growing demand for blockchain-native liquidity [2][8]. - The collaboration between Goldman Sachs and BNY Mellon to launch the first tokenized money market fund solution in the U.S. marks a significant milestone for this innovative financial instrument [1][8]. Group 3: Regulatory Environment - The global regulatory environment is becoming increasingly favorable for fund tokenization, with regulators taking a positive stance that creates conducive conditions for market development. For instance, the Hong Kong Securities and Futures Commission approved the world's first tokenized money market ETF in April 2025 [9]. - The UK's Financial Conduct Authority has supported industry efforts and recognized the potential of fund tokenization, planning to consult on guidance to support the tokenization model by Q3 2025 [9]. Group 4: Alternative Assets and Innovations - Tokenization of private equity and alternative assets is gaining attention, with 54% of institutional investors listing private equity as their preferred tokenized alternative investment [4]. - Apollo's diversified credit fund offers tokenized private credit strategies, allowing qualified institutions to invest within a compliant framework [5].

日本不断上升的政治与财政不确定性可能会对周四30年期国债招标需求造成压力。此次发债将成为市场 检验长期债券需求的一次重要测试，交易员预计本次拍卖结果将更为谨慎。此次招标恰逢周五自民党召 开全体会议，投资者正密切关注是否会出现政治重组及其伴随的财政影响。安盛投资管理高级固定收益 策略师Ryutaro Kimura表示："此次国债招标不太可能出现激进投标。如果石破茂无法获得自民党所属国 会议员的支持，市场对大规模财政扩张的担忧可能加剧，进而导致超长期收益率进一步上升。"此次招 标结果预计将在北京时间11:35公布，投资者将重点关注关键需求指标投标倍数，前次投标倍数为3.58， 高于过去12个月的平均水平。 ...

8月6日，记者从业内多方获悉，中国保险资产管理业协会近期已召开会员大会，并通过更名议案。后 续，该协会将更名为"中国银行保险资产管理业协会"，成为覆盖整个银行保险资管业的行业自律组织。 招联首席研究员、上海金融与发展实验室副主任董希淼表示，中国保险资产管理业协会更名为"中国银 行保险资产管理业协会"，一方面，将扩展行业协会自律管理范围，全面覆盖银行理财与保险资管，推 动我国资管行业从分业自律向统一自律框架转型。"中国银行业协会下设的理财业务专业委员会，可能 不再设立。"另一方面，此举有助于规范银行理财产品、保险资管产品信息披露，推动同类业务实施统 一披露标准，强化投资者合法权益保护。（上证报） ...

自 2022年以来，阿波罗管理的基金已向其所谓的"下一代基础设施投资"领域投入了约380亿美元，这些 投资涵盖可再生能源和数字平台等领域。 今年1月，该公司同意收购Argo Infrastructure Partners——该公司专注于投资数字基础设施、可再生能 源、交通运输及其他行业。 阿波罗公司总裁Jim Zelter在周二的财报电话会议上向分析师们强调："我们特别看好在人工智能基础设 施项目方面的融资机会。"他指出，这些项目的很大一部分都需要私募资金的支持。 Stream Data Centers负责建设、租赁、管理和运营大型数据中心园区。该公司已与包括信安资产管理 (Principal Asset Management)在内的多家投资者合作，共同开发了超过20个园区。与阿波罗公司的合作 将推动在芝加哥市区、亚特兰大和达拉斯的数据中心业务发展。 阿波罗全球管理公司(APO.US)同意收购Stream Data Centers的多数股权，这是这家另类资产管理公司首 次进行此类收购行动，此举旨在利用数字基础设施需求激增的契机实现发展。这家资产管理公司在周三 的一份声明中表示，该协议将使阿波罗管理的基金有可能 ...

8月6日，广东证监局公告，对横琴均成资产管理有限公司出具警示函。 公告显示，经查，公司在开展私募投资基金管理业务活动期间，存在以下违规问题： 一是未有效执行内部制度，未关注到相关从业人员向投资者承诺本金不受损失的行为；二是未审慎审查个别投资者提供的资产证明文件。 据官网介绍，均成资产是一家以量化投资为核心的专业资产管理公司，目前管理规模30多亿元，主要管理团队来自于北京大学。公司股权由核心基金经理司 维100%控股。 司维曾在微软亚洲研究院和全球最大半导体设备商ASML从事大数据研究分析工作。之后历任深圳市多和美投资顾问有限公司研究员，深圳嘉理资产管理有 限公司投资经理，深圳前海厚诚敏基金管理有限公司基金经理，横琴均成资产管理有限公司执行董事。 来源：读创财经 同时，横琴均成的法定代表人、执行董事、投资经理司维也收到了警示函。 经查， 司维作为横琴均成资产管理有限公司法定代表人、执行董事、投资经理，存在向投资者承诺投资本金不受损失的行为；同时，横琴均成在开展私募 投资基金管理业务活动期间，未有效执行内部制度、未审慎审查个别投资者提供的资产证明文件，司维对公司上述违规行为负有主要责任。 ...

Core Viewpoint - The dismissal of the U.S. Bureau of Labor Statistics (BLS) director by President Trump raises concerns among economists and market participants regarding the credibility of economic data, which is crucial for monetary and fiscal policy formulation [1][3][5] Economic Data Credibility - Economists warn that the credibility of economic data is easily damaged and difficult to restore, impacting policy decisions [3][5] - The International Statistical Institute states that Trump's actions violate UN principles aimed at protecting factual statistical data, urging the government to restore public confidence [3] - Experts highlight that the disruption caused by Trump's policies, such as tariffs and immigration enforcement, complicates data collection and affects labor supply [3][5] Market Reactions - Market participants express concerns that the political nature of the BLS's leadership could undermine investor confidence in U.S. dollar assets [7][8] - Following the news of the BLS director's dismissal, safe-haven assets like gold saw significant price increases, indicating market anxiety over the future of dollar assets [7][8] - The bond market reflects heightened concerns, with long-term U.S. Treasury yields showing increased risk premiums, suggesting investor expectations of rising inflation [8] Historical Context - Historical examples, such as Greece's debt crisis and Turkey's statistical agency leadership changes, illustrate the long-term consequences of compromised data credibility on investor trust and market stability [5][6]

本文源自：金融界 作者：行情君 截至2024年年报，中国光大控股营业总收入3.53亿元、净利润-17.68亿元。 8月28日，中国光大控股将披露2025财年中报。 8月6日，中国光大控股(00165)盘中上涨12.64%，截至15:29，报8.82元/股，成交2.63亿元。 中国光大控股有限公司专注于跨境资产管理与私募股权投资，通过多个基金产品为中外投资者提供多元 化金融服务。公司旗下拥有多个高增长潜力企业，包括中飞租赁、光大安石、光大养老及特斯联，致力 成为中国跨境投资和资产管理的行业先行者。 ...

Group 1: Dongwei Technology - Dongwei Technology's VCP equipment has achieved over 50% market share since its successful development in 2009 and application in the iPhone 4 in 2010 [1] - The company anticipates increased demand for high-end PCB electroplating equipment driven by the Southeast Asia investment trend and big data storage [1] - Orders for vertical continuous electroplating equipment have seen over 100% year-on-year growth in the first half of this year [1] Group 2: Jucheng Co., Ltd. - Jucheng Co., Ltd. expects rapid growth in SPD business sales revenue in the first half of 2025, with significant increases in DDR5 SPD product sales and revenue [2] - The penetration rate of DDR5 memory modules in the server sector is projected to reach 40%-50% in 2024, maintaining a 95% share by 2030 [2] - The automotive-grade EEPROM business has seen over 100% year-on-year growth in product sales and revenue, with a market size of approximately $400-600 million [2]

Core Viewpoint - Bedes Financial (PLUT) experienced a significant intraday increase of 20.74%, reaching a stock price of $3.61, with a total market capitalization of $55.41 million [1] Financial Performance - As of December 31, 2024, Bedes Financial reported total revenue of HKD 9.748 million, representing a year-on-year decrease of 55.57% [1] - The company recorded a net profit attributable to shareholders of HKD -5.523 million, which reflects a year-on-year increase of 8.16% [1] Business Operations - Bedes Financial Group Limited primarily engages in asset management, utilizing offshore fund structures and discretionary accounts to tailor investment strategies based on investor backgrounds and needs [1] - The company focuses on developing various types of funds, including real estate funds, high-yield fixed income funds, multi-strategy funds, and private direct investment funds [1]

（原标题：震荡市中如何做到攻守兼备？配置思维来支招） 随着粤港澳大湾区金融市场交流日渐频繁，资产管理行业服务模式也日渐多样化，居民对投资理财的需求也进一步增加。与此同时，作为宏观经 济的"晴雨表"，资本市场的活跃、投资者信心的提振，都离不开经济的稳健运行。而投资者金融素养的提升与对资本市场信心的提振，都将有助 于为资本市场注入更多活力。 为更好地满足服务粤港澳大湾区居民投资理财和金融素养提升需求，中国基金报以"活跃资本市场，提振投资者信心"为宗旨，联合行业协会、金 融机构等共同推出"粤港澳大湾区投资公开课"系列活动。 近年来，在结构性行情主导的市场环境下，单一资产配置策略的局限性日益凸显，投资者对风险收益平衡的需求显著提升。2025年二季度以来， 海内外政策冲击使得市场波动加剧，进一步催化投资者多元配置需求。 面对经济复苏斜率变化与产业转型的复杂性，如何通过科学配置实现"下跌有缓冲、上涨有弹性"成为投资者核心诉求。 播出时间：8月6日 15点 本期节目将通过中国基金报官方视频号、中国基金报官方APP、官方微博、官方抖音、万得3C会议、百家号、雪球、东方财富、搜狐视频等全媒 体平台进行同步直播。此外，本期节目播 ...