Core Viewpoint - The successful launch of Jiangsu Province's first public fund counter bond transaction by Industrial Bank Nanjing Branch and Xinyuan Fund Management marks a significant breakthrough in the bond market innovation in Jiangsu Province [1] Group 1: Transaction Details - Xinyuan Fund invested 10 million yuan in policy financial bonds through the counter channel, indicating a new investment path for public funds in the interbank bond market [1] - The collaboration has resulted in a cumulative counter bond trading volume exceeding 2.5 billion yuan, enhancing liquidity in the regional bond market [1] Group 2: Future Outlook - Industrial Bank Nanjing Branch aims to leverage this business launch as a new starting point to deepen customer service and enhance business innovation capabilities [2] - The bank plans to continue following the policy directives of the People's Bank of China Jiangsu Branch to contribute to the high-quality development of Jiangsu's financial market and support the real economy [2]

【12月25日临近年末，公募基金年度业绩排位进入关键期】本文由 AI 算法生成，仅作参考，不涉投资 建议，使用风险自担 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 近期，嘉实基金管理有限公司（以下简称"基金管理人"）旗下嘉实纳斯达克100交易型开放式指数证券 投资基金（QDII）（基金代码：159501，场内简称：纳指ETF嘉实，以下简称"本基金"）二级市场交易 价格高于基金份额参考净值，出现较大幅度溢价。特此提示投资者关注二级市场交易价格溢价风险，投 资者如果盲目投资，可能遭受较大损失。若本基金2025年12月25日二级市场交易价格溢价幅度未有效回 落，本基金有权采取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以向市场警示风险，具 体以届时公告为准。 为此，本基金管理人声明如下： 1、本基金为交易型开放式基金，投资者可在二级市场交易本基金，也可以申购、赎回本基金，实际申 赎状态以基金管理人于2025年12月23日发布的《关于嘉实纳斯达克100交易型开放式指数证券投资基金 （QDII）2025年12月25日暂停申购、赎回业务的公告》为准。本基金二级市场的交易价格，除了有基 金份额净值变化的风险外，还会受到市场供求关系、系统性风险、流动性风险等其他因素的影响，可能 使投资人面临损失。 2、截至目前，本基金运作正常且 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 公告送出日期：2025年12月25日 一、公募REITs基本信息 ■ 二、2025年11月主要运营数据 本基金以获取基础设施项目收费等稳定现金流为主要目的，通过积极主动运营管理基础设施项目，力求 提升基础设施项目的运营收益水平，实现基础设施项目现金流长期稳健增长。 1、日均收费车流量计算方法：当月总收费车流量/当月自然天数； 2、收费车流量口径说明：均为自然车流（veh）口径； 3、以上为广东省联网收费清分结算机构提供的当期清分数据，未经审计，最终以经审计后的数据为 准。 以上披露内容已经过本项目运营管理实施机构广州高速运营管理有限公司确认。 三、其他说明事项 投资者可登陆平安基金管理有限公司网站fund.pingan.com或拨打客户服务电话：400-800-4800进行相关 咨询。 截至目前，本基金投资运作正常，无应披露而未披露的重大信息，基金管理人将严格按照法律法规及基 金合同的规定进行投资运作，履行信息披露义务。 基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈利，也不保证 最低收益。基金的过往业绩及其净值高低并不预示其未 ...

Group 1 - The core viewpoint of the article highlights a historic breakthrough in China's public fund market in 2025, with ETF scale reaching 5.78 trillion yuan and FOF issuance exceeding 80 billion yuan, both setting new records [1] - As of December 19, the total market ETF scale reached 5.78 trillion yuan, with an annual growth of over 2 trillion yuan, reflecting a growth rate exceeding 53% [1] - The growth pace is remarkable, with ETF scale jumping from 4 trillion yuan to 5 trillion yuan in just four months, while it took 14 years to grow from 0 to 1 trillion yuan [1] Group 2 - The performance of specific categories is also impressive, with two batches of Sci-Tech Bond ETFs launched in July and September 2025, leading to a continuous rise in market enthusiasm [3] - Currently, 24 Sci-Tech Bond ETFs have a combined scale of 257.66 billion yuan, representing a 269% increase from the issuance scale of 69.77 billion yuan, with 16 products entering the 10 billion yuan tier [3] Group 3 - FOFs are experiencing a "breakout year," with 79 new FOF funds established by December 17, raising a total of 80.35 billion yuan, surpassing the total issuance of the previous three years [5] - The average issuance scale of a single FOF product reached 1.05 billion yuan, more than three times that of 2024 [5] Group 4 - ETFs are defined as exchange-traded funds that represent a basket of assets, allowing investors to buy a collection of stocks in one transaction, while FOFs are funds that invest in a selection of other funds rather than directly in stocks or bonds [6]

Core Points - The announcement details a collaboration between Guolianan Fund Management Co., Ltd. and China Merchants Securities Co., Ltd. to offer fee rate discounts on certain funds starting December 24, 2025 [1][2] - The funds involved in the promotional activity include the Guolianan Shuangyuexin 60-Day Rolling Bond Fund and the Guolianan SSE Sci-Tech Innovation Board Comprehensive Index Enhanced Fund [1] Group 1: Business Scope - Investors can conduct subscription, redemption, and related business for the specified funds at China Merchants Securities outlets [1] - The Guolianan SSE Sci-Tech Innovation Board Comprehensive Index Enhanced Fund will also be available through China Merchants Bank starting December 24, 2025 [7] Group 2: Fee Rate Discount Plan - A 90% discount on subscription fees will be available for investors using designated channels at China Merchants Securities for the specified funds, with fixed fee subscriptions not eligible for discounts [1][30] - The fee rate discount will be effective from December 24, 2025, until further notice from China Merchants Securities [2][31] Group 3: Investor Information - Investors can obtain more information through customer service hotlines and websites of both China Merchants Securities and Guolianan Fund Management [3][32] - It is advised that investors read the fund contracts, prospectuses, and related documents before engaging in fund transactions [3][32]

| 政策领域 | 文件名称 | 发布机构 | 发布时间 | 核心目标 | | --- | --- | --- | --- | --- | | 行业综合改革 | 《推动公募基金高质量发展行动方案》 | 证监会 | 2025年5月 | 构建行业高质量发展框架体系 | | 销售费用改革 | 《公开募集证券投资基金销售费用管理规定《征求意见稿)》 | 证监会 | 2025年9月 | 降低投资者成本,规范销售行为 | | 投资行为规范 | 《公开募集证券投资基金业绩比较基准指引《征求意见稿) | 证监会 | 2025年10月 | 解决"风格训练",规范投资行为 | | 适当性管理 | | 《公开幕集证券投资基金投资者适当性管理期间(任求意见稿)》 基金业协会 2025年11月 强化销售适当性,保护投资者 | | | | 销售行为规范 | 公开募集证券投资基金销售行为规范(征求意见稿) | | 基金业协会 2025年12月 强化销售行为监管. 引动长期投资 | | 2025年公募基金行业主要政策文件概览 本报（chinatimes.net.cn）记者栗鹏菲 叶青 北京报道 2025年，中国公募基金行业在资产管理规模突破3 ...

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！ 来源：城商行研究 最近，中国证券投资基金业协会的数据显示（2025年12月22日），截至2025年12月，全公募基金行业从 业人员总数仅为3万多人。相比银行业、证券业，基金公司可谓是"小弟弟"——要知道，仅中信证券员 工就有26822人，而工商银行员工数更是高达41.92万。 这一数字让人惊讶：公募基金管理规模已突破30万亿元，去年一年就增长近5万亿元，但从业人员数量 却纹丝不动。这一现象背后，反映出基金行业怎样的发展趋势？ | 30 | 华宝基金管理有限公司 | 321 | 320 | 43 | 9 | | --- | --- | --- | --- | --- | --- | | 31 | 浦银安盛基金管理有限公司 | 293 | 292 | 37 | 6 | | 32 | 兴业基金管理有限公司 | 285 | 283 | 28 | 6 | | 33 | 国投瑞银基金管理有限公司 | 282 | 281 | 32 | 11 | | 34 | 长城基金管理有限公司 | 282 | 277 | 39 | 12 | | 35 | 信达澳亚 ...

12月22日，广发基金公告称，根据中国证监会《关于核准广发基金管理有限公司设立私募股权投资基金 管理子公司的批复》，广发基金获准设立全资子公司——瑞晨股权投资基金管理（广东）有限公司（以 下简称"瑞晨股权投资"），子公司注册地为广东省珠海市，注册资本为1亿元人民币，业务范围为私募 股权投资基金管理。 转自：新华财经 新华财经北京12月24日电（丁晶）基金公司专业子公司再迎多个新力军加盟。易方达旗下销售子公司易 方达财富正式展业，广发旗下股权子公司瑞晨股权投资公司已经完成工商注册，汇添富旗下销售子公司 获准设立。 12月23日，易方达基金公告，旗下基金销售子公司——易方达财富已取得《经营证券期货业务许可证》 及基金投顾业务试点资格，即日起正式展业。在开业仪式当天，易方达一站式理财平台"e钱包"宣布焕 新升级。此次升级后，"e钱包"可提供全市场基金代销服务，投资者可享受手续费0元起的优惠。 绩效新规下，从分红金额来看，易方达基金近十年累计给股东分红121.43亿元位居头部基金第一。 汇添富基金也在23日官宣，旗下全资子公司汇添富基金销售（上海）有限公司获准设立。 广发基金表示，瑞晨股权投资已完成工商注册并取得营业 ...

Core Viewpoint - The article emphasizes the importance of adhering to the principle of "people first" in the public fund industry, as outlined in the 20th National Congress of the Communist Party of China, and highlights the need for financial services to contribute to the common prosperity of all people [1][3]. Group 1: People's Principle in Public Funds - The essence of financial work is to enhance people's well-being and promote common prosperity, with the core goal being to improve investors' sense of gain [1][2]. - The public fund industry is undergoing a significant transformation from focusing on scale to prioritizing investor returns, as indicated by the "Action Plan for Promoting High-Quality Development of Public Funds" [1][2]. Group 2: Regulatory Reforms and Investor Benefits - The China Securities Regulatory Commission (CSRC) has introduced new regulations aimed at reducing sales fees for public funds, potentially saving investors approximately 30 billion yuan annually [2]. - The new performance assessment guidelines for fund management companies emphasize a performance evaluation system centered on fund investment returns, aligning the interests of fund managers with actual investor returns [2]. Group 3: Supporting National Strategies and Social Welfare - Public funds are actively engaging in nurturing new productive forces by directing investments towards key sectors such as green energy and technology innovation, thereby supporting the upgrade of the real economy [3]. - The public fund industry is also involved in the construction of a pension finance system, addressing significant social concerns and contributing to the goal of common prosperity [3]. Group 4: Institutional Innovation for Strengthening People's Principle - The public fund industry, having started relatively late, has learned from international experiences but still faces challenges such as inadequate investor satisfaction and uneven development [4]. - To strengthen the foundation of the people's principle, the industry must pursue institutional innovations that align with China's financial practices, focusing on product design, sales models, and risk management [4][5]. - The ongoing reforms in the public fund sector represent a systemic restructuring aimed at embodying the "people-centered" philosophy, requiring fund managers to translate regulatory policies into company practices and employee conduct [4][5]. Group 5: Commitment to High-Quality Development - The public fund industry is committed to transforming the "people first" concept into tangible practices that enhance investor satisfaction and support technological innovation [5]. - The vision for modernization outlined in the 20th National Congress provides a broad platform for the development of the public fund industry, with a focus on contributing to the construction of a financially strong nation [5].