Group 1 - The core point of the article is the appointment of Chai Di Yi as the new fund manager for Anxin Hongying 18-Month Holding Mixed Fund (012252), effective from July 30, 2025, replacing the previous manager [1] - As of July 29, 2025, the net value of Anxin Hongying 18-Month Holding Mixed Fund is 1.0435, reflecting a daily increase of 0.19% and a yearly increase of 3.97% [1] - Chai Di Yi has a strong background in fixed income management, having previously served as a bond trader and researcher, and has managed several public funds with notable returns [1] Group 2 - The article provides a detailed table of funds managed by Chai Di Yi, including their codes, names, sizes in billions, tenure, and returns, highlighting her successful management track record [1] - Notable performance includes a 20.21% return for Anxin Jinli Enhanced Bond A since February 1, 2024, and a significant estimated return of 130.33% from trading Dongfang Caifu in the third quarter of 2024 [1]

Group 1 - The A-share market is currently undergoing asset revaluation and presenting structural opportunities, with the launch of the Huashang CSI 800 Index Enhanced Fund aimed at efficiently covering core A-share assets and capturing market alpha returns [1] - The CSI 800 Index, as a representative broad-based index, consists of stocks from the CSI 300 and CSI 500 indices, featuring a dual-driven structure of "value blue chips + growth leaders" [1] - The index includes a wide range of industries, from mature sectors like banking and food & beverage to innovative sectors such as semiconductors, electronics, and pharmaceuticals, indicating a rich investment logic [1] Group 2 - The Huashang CSI 800 Index Enhanced Fund employs a multi-factor quantitative stock selection model developed by Huashang Fund's quantitative investment team, combining big data mining with quantitative models to construct an enhanced stock portfolio while closely tracking the CSI 800 Index [2] - The fund will be managed by Dr. Deng Mo and Dr. Hai Yang, both of whom have extensive experience in quantitative investment and securities research [2][4][6] Group 3 - Dr. Deng Mo, the proposed fund manager, has over 14 years of experience in investment research, focusing on balanced allocation and leveraging quantitative models for stock selection [4] - Dr. Hai Yang has over 8 years of experience in the securities industry, specializing in risk and return monitoring through quantitative-driven approaches [7] Group 4 - Looking ahead, Dr. Deng maintains an optimistic outlook, believing that excess returns from active quantitative models will continue to show a stable upward trend amid structural market opportunities [8] - The overall market valuation is considered relatively reasonable, and liquidity remains ample, which is favorable for the performance of multi-factor quantitative models [8] - The strategy aims to achieve excess returns through diversified allocation while maintaining a stable tracking error close to the index [8]

Group 1: Logistics Industry - The total social logistics volume in China for the first half of the year reached 171.3 trillion yuan, reflecting a year-on-year growth of 5.6%, which is 0.3 percentage points higher than the GDP growth rate [1][2] - Industrial product logistics volume grew by 5.8%, contributing 85% to the overall logistics growth, with significant demand from the equipment manufacturing and high-tech manufacturing sectors, which saw growth rates of 10.9% and 9.7% respectively [1][2] - Consumer logistics also showed positive trends, with a 6.1% year-on-year increase, indicating the effectiveness of policies aimed at stimulating consumption [1] Group 2: Taxation and Personal Finance - Over 100 million taxpayers applied for tax refunds totaling over 130 billion yuan, while 7 million taxpayers reported additional taxes amounting to 480 million yuan [3][4] - The current personal income tax exemption threshold of 60,000 yuan accounts for approximately 62.7% of China's per capita GDP for 2024, which is significantly higher than the typical 40% in developed countries [3] Group 3: Automotive Industry - The establishment of China Changan Automobile Group with a registered capital of 20 billion yuan marks a significant restructuring in the automotive sector, positioning it as the third major state-owned automotive enterprise [5][6] - Changan's transition to an independent entity raises concerns about its ability to manage losses in its growing electric vehicle segment, which has seen increasing sales but also mounting losses [6] Group 4: Technology and Retail - Apple announced the closure of its first direct retail store in China, located in Dalian, due to issues with the shopping center, while continuing to expand its presence in other cities [7][8] - The company faces challenges in keeping up with competitors in AI and foldable phone technology, indicating a shift from being an industry leader to a follower [8] Group 5: Investment and Fund Management - Nearly 90 private equity firms have obtained the Hong Kong 9 license, allowing them to manage USD funds and expand their business internationally [11][12] - The trend of private equity firms seeking to establish a presence in Hong Kong reflects a growing interest from global investors in the Chinese market, although the ability to attract funding remains contingent on the firms' overall quality and performance [12][13] Group 6: Market Performance - The stock market experienced fluctuations with the Shanghai Composite Index rising by 0.33% and the ChiNext Index leading gains at 1.86%, amidst a mixed performance across sectors [16] - The market is currently facing uncertainties due to new trade negotiations between China and the US, which may impact investor sentiment [17]

据中国通号消息，7月29日，通号创业投资基金管理（北京）有限公司（简称"通号基金"）在中国证券 投资基金业协会圆满完成私募基金管理人登记备案。通号基金由通号集团资本运营有限公司（简称"通 号资本"）100%持股，受托管理中国通号发起设立的基金，具体负责基金"募、投、管、退"全流程的规 范化和专业化运作管理。 ...

Core Insights - The number of QDII funds in China reached 319 with a total scale of 683.77 billion yuan, marking an 11.85% increase from the end of last year, a historical high [1][2] - Significant growth in QDII fund shares investing in the Hong Kong stock market, with eight out of the top ten funds by share increase being QDII funds focused on Hong Kong stocks [2] - The Hong Kong technology-themed QDII funds saw remarkable share increases, particularly index funds, with the largest being the Huaxia Hang Seng Technology ETF, which increased by 9.51 billion shares [2] QDII Fund Growth - As of the end of June, QDII funds' total scale reached 683.77 billion yuan, a historical high [1][2] - The share of QDII funds investing in Hong Kong stocks significantly increased, with eight funds in the top ten for share growth [2] - The Huaxia Hang Seng Technology ETF had a share increase of 9.51 billion, leading the market [2] Global Fund Allocation - There is a growing trend in domestic funds for global allocation, with several funds like the Bosera S&P 500 ETF and Huaxia Nasdaq 100 ETF showing notable share increases [3] Domestic Fund Holdings in Hong Kong - As of July 28, net inflows from southbound funds reached 772.19 billion yuan, surpassing the total for the entire year of 2024 [4] - The number of domestic public funds investing in Hong Kong stocks increased to 4,048, with total assets reaching 2.62 trillion yuan [4] - The stock market value held by public funds in Hong Kong reached 734.3 billion yuan, a 12.8% increase [4] Outlook on Hong Kong Market - The Hong Kong market has rebounded significantly, with the Hang Seng Index and Hang Seng Technology Index rising by 27.43% and 26.77% respectively [5] - Fund managers maintain an optimistic outlook on the Hong Kong market, citing signs of economic recovery and the presence of globally competitive Chinese companies [6]

1.公告基本信息 交银施罗德基金管理有限公司关于增加 长城证券股份有限公司为旗下基金的销售机构的公告 根据《交银施罗德定期支付双息平衡混合型证券投资基金基金合同》、《交银施罗德定期支付双息平衡 混合型证券投资基金招募说明书》的有关规定，交银施罗德基金管理有限公司决定自2025年9月1日起将 交银施罗德定期支付双息平衡混合型证券投资基金年化现金支付比率由6%调整为3%。 2.其他需要提示的事项 （1）自2025年9月起交银施罗德定期支付双息平衡混合型证券投资基金的定期支付按照调整后的年化现 金支付比率执行，敬请投资者关注。 （2）投资者可以通过本基金管理人网站（www.fund001.com）或客户服务电话400-700-5000（免长途话 费），021-61055000咨询有关详情。 风险提示：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财产，但不保证基金一定盈 利，也不保证最低收益。基金的过往业绩并不代表其未来表现。投资有风险，敬请投资者认真阅读基金 的相关法律文件，并选择适合自身风险承受能力的投资品种进行投资。 特此公告。 交银施罗德基金管理有限公司 二〇二五年七月三十日 根据交银施罗德基金管理 ...

Core Insights - Shandong Gold has experienced a decline for five consecutive trading days, with a cumulative drop of -5.83% [1] - Shandong Gold Mining Co., Ltd. is a publicly listed company controlled by Shandong Gold Group, established in 2000 and listed on the Shanghai Stock Exchange in 2003, followed by a listing on the Hong Kong Stock Exchange in 2018 [1] - The company has expanded its capital market presence by also controlling Shanjin International Gold Co., Ltd., which is listed on the Shenzhen Stock Exchange [1] - In the second quarter of this year, China Europe Fund's China Europe Value Select Mixed A Fund entered the top ten shareholders of Shandong Gold, marking a new investment for the year [1] - The fund has achieved a year-to-date return of 16.26%, ranking 603 out of 2275 in its category [1] Fund Manager Profile - The fund manager of China Europe Value Select Mixed A is Yuan Weide, who has a master's degree and is a mid-generation fund manager at China Europe Fund [3][4] - Yuan Weide's research scope includes financial engineering, TMT (Technology, Media, and Telecommunications), new energy, technology, and consumer sectors [3][4] - He has a history of working as an industry researcher at Xinhua Fund Management Co., Ltd. from November 2011 to July 2015, and joined China Europe Fund in July 2015 [3][4]

7月29日，温氏股份连续5个交易日下跌，区间累计跌幅-5.11%。温氏食品集团股份有限公司,创立于1983年,现已发展成一家以畜禽养殖为主业、配套相关业 务的跨地区现代农牧企业集团。 财报显示，易方达基金旗下易方达创业板ETF为温氏股份前十大股东，今年二季度减持。今年以来收益率13.50%，同类排名1132(总3381)。 | 易方达创业板ETF | | --- | | 今年以来各阶段业绩及同类排名 | | 阶段涨幅 | 季度涨幅 年度涨幅 | | | | | | --- | --- | --- | --- | --- | --- | | | 近1周 | 近1月 | 近3月 | 近6月 | 今年来 | | 阶段涨幅 | 4.16% | 13.32% | 25.21% | 17.69% | 13.50% | | 同类平均0 | 1.97% | 7.24% | 13.26% | 14.16% | 11.94% | | 沪深300 | 0.80% | 5.87% | 9.99% | 8.77% | 5.52% | | 跟踪标的� | 4.14% | 13.29% | 24.57% | 16.61% | 12.37% ...

7月29日，甘源食品连续5个交易日下跌，区间累计跌幅-2.18%。甘源食品股份有限公司成立于2006年,总部设在江西省萍乡市经济技术开发区,是一家集研 发、生产、销售为一体的现代化休闲食品企业,2020年,甘源食品正式登陆A股(股票代码:002991)。 财报显示，南方基金旗下南方阿尔法混合A为甘源食品前十大股东，今年二季度减持。今年以来收益率19.96%，同类排名1268(总4454)。 南方阿尔法混合A基金经理为张延闽。 简历显示，张延闽先生:哈尔滨工业大学控制科学与工程硕士,具有基金从业资格。中国国籍。现任南方基金管理股份有限公司基金经理。曾就职于融通基金 管理有限公司,历任研究员、基金经理、权益投资部总经理。2014年10月25日至2016年8月11日,任基金通乾基金经理;2015年1月16日至2019年4月12日,任融通 转型三动力灵活配置混合基金经理;2016年8月12日至2020年1月2日,任融通通乾研究精选混合基金经理;2017年2月17日至2020年1月2日,任融通新蓝筹混合基 金经理;2018年2月11日至2019年11月30日,任融通逆向策略灵活配置混合基金经理;2018年12月5日至2 ...

Core Viewpoint - Guangdong Construction Group has experienced a decline in stock price over the past five trading days, with a cumulative drop of -9.22% [1] Group 1: Company Overview - Guangdong Construction Group Co., Ltd. was established in 2001 and is the only publicly listed construction company controlled by the Guangdong Provincial Government [1] - The company is primarily controlled by Guangdong Provincial Construction Engineering Group Co., Ltd. [1] Group 2: Financial Performance - The financial report indicates that GF Fund's Guangfa CSI Infrastructure Engineering ETF is among the top ten shareholders of Guangdong Construction, which reduced its holdings in the first quarter of this year [1] - The year-to-date return for the ETF is 4.69%, ranking 2916 out of 3381 in its category [1][2] Group 3: Market Comparison - The ETF's performance over various periods shows a near-term decline of -2.54% over the past week, but a positive return of 9.87% over the past month and 12.87% over the past three months [2] - In comparison, the average return for similar funds is 11.94% year-to-date, indicating that Guangdong Construction's performance is lagging behind its peers [2]