随着港股市场持续调整，资金逆势加仓，恒生科技指数ETF（513180）于2月2日获得超2亿资金申购。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 港股市场今年以来延续震荡调整行情，受美联储降息预期降温影响，恒生科技指数近日连续调整，年内 跌幅近1%，恒生科技指数ETF（513180）跟随指数回落。 具体来看，海外流动性预期收紧：美联储最新提名主席凯文·沃什，其"降息+缩表"的倾向引起金融条件 紧缩的担忧，美元小波段走强、新兴市场权益资产承压。 ...

Core Viewpoint - The adjustment of the valuation method by Guotou Ruijin Fund led to a significant drop in the net asset value of the Guotou Silver LOF fund, causing a 31.5% decline in a single day, which is a record for public funds [1][5][6] Group 1: Fund Performance and Market Reaction - As of January 30, the Guotou Silver LOF fund had a one-year return rate of 263.13%, with a monthly return of 61.6% in January [1][4] - Following the announcement of the valuation adjustment, the fund's net asset value plummeted from 3.2838 yuan to 2.2494 yuan, marking a historic single-day drop [5][16] - On February 2, after resuming trading, the fund hit the daily limit down with a closing price of 4.722 yuan per share, down 10.01% from the previous day [16] Group 2: Investor Sentiment and Behavior - Investors expressed panic and frustration over the inability to sell their holdings during the price drop, leading to discussions on social media about how to "cut losses" [4][15] - Many investors were attracted to the fund by self-media "arbitrage tutorials" that promised easy profits, leading to a surge in speculative trading [7][17] Group 3: Regulatory Concerns and Market Practices - The popularity of "arbitrage tutorials" on platforms like Xiaohongshu and Douyin has raised concerns about the potential for misleading information and the promotion of risky trading strategies [7][20] - Regulatory guidelines prohibit securities firms from using influencers to attract clients, emphasizing the need for compliance in marketing practices [11][22] - The reliance on "big V" influencers for client acquisition is seen as a short-term strategy that may not sustain long-term customer loyalty [12][23]

数据显示，华富基金旗下1只基金重仓睿创微纳。华富国泰民安灵活配置混合A（000767）四季度减持 1.7万股，持有股数3.3万股，占基金净值比例为6.59%，位居第一大重仓股。根据测算，今日浮盈赚取 约18.22万元。 华富国泰民安灵活配置混合A（000767）成立日期2015年2月4日，最新规模4484.35万。今年以来收益 6.34%，同类排名1614/8874；近一年收益57.72%，同类排名1124/8124；成立以来收益75.09%。 华富国泰民安灵活配置混合A（000767）基金经理为邓翔。 2月3日，睿创微纳涨5.1%，截至发稿，报113.72元/股，成交3.79亿元，换手率0.74%，总市值523.38亿 元。 资料显示，烟台睿创微纳技术股份有限公司位于中国(山东)自由贸易试验区烟台片区烟台开发区南昌大 街6号，成立日期2009年12月11日，上市日期2019年7月22日，公司主营业务涉及专用集成电路、MEMS 传感器及红外成像产品的设计与制造。主营业务收入构成为：红外热成像及光电业务94.48%，微波射 频业务2.94%，其他2.59%。 从基金十大重仓股角度 责任编辑：小浪快报 截至发稿， ...

创业板观察 . 创业板观察致力于发布深交所创业板的市场发展、政策变化、监管导向、上市企业动态等的及时信息，提供有价值的市场资讯。 以下文章来源于创业板观察 ，作者闫军 该基金公告称，决定参考白银期货国际主要市场的价格变动幅度，对基金资产进行合理重估。自2月2日起，本公司对旗下证券投资基金持有 的白银期货合约AG2604、AG2605、AG2606、AG2608、AG2610、AG2612，参考估值日北京时间下午3点的白银期货国际主要市场价 格相对前一交易日北京时间下午3点的波动幅度进行估值调整。 简单地讲， 就是这只基金突破了LOF场内10%的涨跌停限制、突破了国内白银期货合约当日的理论最大跌幅17%，直接穿透至底层，以白 银期货国际市场价格定价了。直接手动抹掉了涨跌幅限制。 对于未来是否会恢复到此前的通过合约结算价进行估值？公司将综合参考各项相关影响因素并与基金托管人协商，自上述合约交易体现了活 跃市场交易特征后，恢复按结算价估值方法进行估值。 国投白银LOF公布净值跌幅为何高达31.5%？ 2月2日，热门产品国投白银LOF更新净值，不少投资者"炸锅"，国投白银LOF单日跌幅高达31.5%，这一跌幅更是创下 ...

Core Viewpoint - Recent significant decline in silver prices, with a record drop in the net asset value of the Guotai Asset Management Silver LOF fund, falling from 3.2838 CNY to 2.2494 CNY, a decrease of 31.5% in one day, marking the largest single-day drop in public fund history [1][5]. Fund Valuation Adjustment - Guotai Asset Management announced that the drastic fluctuation in net value was due to an adjustment in the fund's valuation method, primarily influenced by extreme volatility in the international silver market [2][6]. - The fund typically estimates its net value based on the daily settlement price of silver futures contracts on the Shanghai Futures Exchange, which has a ±17% price limit [2][6]. Market Price Discrepancy - Following the valuation adjustment, a significant deviation occurred between the secondary market trading price and the fund's net value, with a premium rate of 109.92% noted after the fund resumed trading [7]. - On February 2, the fund's trading price was locked at 4.722 CNY, while the latest net value was 2.2494 CNY [7]. Silver Market Trends - In early 2025, international silver prices experienced a "high and then low" pattern, initially rising over 40% due to factors such as the Federal Reserve's interest rate cuts and geopolitical risks, with COMEX silver futures prices exceeding 35 USD per ounce [3][7]. - However, by January 2026, market dynamics shifted, leading to a strong rebound in the US dollar index above 109, which pressured precious metal prices, resulting in a 26.83% drop in silver prices on January 30 and a further 6.38% decline on February 2 [8]. Current Silver Price - As of February 3, the spot silver price was reported at 82.48 USD per ounce, reflecting an increase of 4.23% [4][9].

Summary of the Conference Call for Guiding Compass Company Overview - Guiding Compass reported a net profit of 228 million yuan for 2025, with an actual operating profit of approximately 170 million yuan after excluding non-recurring gains and losses, primarily impacted by the fair value re-evaluation of Pioneer Fund and share-based payment expenses [2][3] - The company’s main business segments include financial information services and Maigao Securities, with a total revenue growth of over 40% year-on-year and a net profit growth of nearly 120% [3] Key Financial Metrics - The company’s advertising and customer acquisition costs increased significantly, with advertising expenses amounting to approximately 650 million yuan in 2025, leading to an estimated addition of 650,000 to 800,000 new paying users [3][8] - Contract liabilities and other non-current liabilities totaled approximately 920 million yuan, with an expected revenue recognition of 396 million yuan in 2026 [10] Business Strategy and Sales Approach - The software sales strategy remains stable, focusing on high-end products in Q1 and Q4, while promoting the Qinlong version of terminal products in Q2 and Q3, without adjusting sales plans based on quarterly performance [2][5] - The brokerage business is experiencing rapid growth, with a significant increase in market share in Beijing, and the new account opening fee rate set at 0.25% [3][12] Regulatory Compliance and Risk Management - Guiding Compass is actively responding to regulatory scrutiny regarding live-streaming customer acquisition, ensuring that all team members and hosts possess the necessary qualifications and that live content complies with regulations [2][4] - The company emphasizes the importance of compliance in live broadcasts, requiring hosts to display their qualifications and controlling the content of their speeches [4] Future Growth and Expansion Plans - The company plans to expand its overseas business, having registered the Polaris Internet Information Service Company in Hong Kong, although the specific development path is not yet clear [2][7] - Pioneer Fund has increased its registered capital to 250 million yuan and is focusing on talent acquisition and resuming operations pending regulatory approval [4][6] Operational Insights - The user renewal and refund rates for stock trading software have remained stable, contributing to steady revenue and cash flow growth [6] - The company’s advertising investment over the past five years has been 650 million yuan, with sales cash flow around 1.8 billion yuan, indicating a stable return on investment despite a slight decline in the investment ratio [9] Conclusion - Guiding Compass is positioned for growth with a solid financial performance, a stable sales strategy, and proactive regulatory compliance measures. The focus on overseas expansion and the enhancement of its brokerage services are expected to drive future profitability and market presence [2][7]

Group 1 - The core viewpoint of the news is that Xinghuan Technology's stock has seen a 5.23% increase, reaching 191.95 CNY per share, with a total market capitalization of 23.252 billion CNY [1] - Xinghuan Technology specializes in enterprise-level big data infrastructure software development, providing software and services throughout the data lifecycle, including integration, storage, governance, modeling, analysis, mining, and circulation [1] - The company's main revenue sources are software products and technical services (72.84%), solutions (22.37%), integrated hardware and software products and services (4.49%), and other business income (0.30%) [1] Group 2 - From the perspective of major fund holdings, one fund under Jiashi Fund holds shares in Xinghuan Technology, specifically Jiashi Runze Quantitative Regular Mixed Fund (005167), which has maintained its holding of 5,000 shares [2] - The Jiashi Runze Quantitative Regular Mixed Fund has a net asset value proportion of 1.57% for Xinghuan Technology, ranking it as the fifth-largest holding in the fund [2] - The fund has achieved a year-to-date return of 5.11% and a one-year return of 26.08%, with a total fund size of 344.332 million CNY [2]

资金抢筹布局黄金板块，挂钩实物黄金的黄金ETF国泰(518800)大涨超4%，近20日净流入超84亿元，规模近400亿元。 近期金银市场剧烈波动，白银日内最大回撤幅度一度接近40%，黄金也在上冲5600大幅回调，而今日在4800点关口迎来反弹，如此巨震，黄金行情还能上车 吗？ 黄金市场巨震深度解析：泡沫出清与长牛逻辑的再审视 在全球货币叙事与地缘格局剧烈重构的背景下，黄金市场于2026年1月末至2月初上演了一场史诗级波动。金价自历史高位5600美元急速回落，单日跌幅创下 纪录，引发市场对牛市是否终结的广泛疑虑。本文将从触发因素与深层结构、短期波动性质、长期逻辑验证及投资策略应对四个维度，系统解读本轮巨震的 本质，并梳理黄金资产的后续配置逻辑。 【触发与结构：事件催化下的高杠杆泡沫出清】 本次黄金暴跌的直接导火索是特朗普提名偏鹰派的沃什为美联储负责人，引发市场对"降息+缩表"紧缩政策的恐慌。然而，更深层的原因是金价在极端加速 上涨后，市场结构已极度脆弱，高杠杆资金在波动率与保证金上调的压力下集中平仓，导致多杀多式的踩踏。 表面来看，政策预期的突变是下跌的直接诱因。沃什被提名为下任美联储负责人，其历史政策倾向偏向 ...

自2026年2月2日起，公司对旗下证券投资基金持有的白银期货合约AG2604、AG2605、AG2606、 AG2608、AG2610、AG2612，参考估值日北京时间下午3点的白银期货国际主要市场价格相对前一交易 日北京时间下午3点的波动幅度进行估值调整。 对于这一调整，国投瑞银基金强调，此次估值方法的调整不改变基金的投资目标、投资范围、风险收益 等特征，仅为确保净值能够真实、公允地体现资产价值。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 面对基金二级市场价格与净值的严重背离，国投瑞银基金发布公告，宣布将于2026年2月3日开市起至当 日10：30停牌。 公告指出，国投白银LOF（161226）二级市场交易价格明显高于基金份额净值，出现较大幅度溢价。投 资者如果盲目投资于高溢价率的基金份额，可能面临重大损失。 若本基金2026年2月3日二级市场交易价格溢价幅度未有效回落，本基金有权通过向深圳证券交易所申请 盘中临时停牌、延长停牌时间等措施，向市场警示风险。 2月3日，昨日热门产品国投白银LOF（161226）更新净值，不少投资者"炸锅"，单日跌幅国投白银LOF 单日跌幅高达31.5% ...

Group 1 - Precious metals LOF opened high on February 3, with Jia Shi Gold LOF rising over 5% [1] - Gold LOF increased by more than 4% [1] - Gold-themed LOF saw a rise of over 3% [1]