广东证监局指出，横琴观致资管存在以下违规情形：一是未对珠海横琴观致精选10号私募证券投资基金等4只私募基金产品履行主动管理职责，将该4只产品 开立的证券账户及密码交由他人管理，并由他人行使交易职责；二是未自行或委托第三方机构对所管理的私募基金产品进行风险评级；三是未在内部制度中 明确投资者与产品适当性匹配的具体依据、方法、流程。 广东证监局表示，孟庆平作为横琴观致资管的执行董事、总经理，未能恪尽职守、严格遵守法律法规，对横琴观致资管上述违规行为负有主要责任，违反了 相关规定。 广东证监局强调，横琴观致资管应高度重视，采取切实有效的措施，对存在的问题进行整改，对相关责任人员进行问责，并在收到本决定书之日起30日内提 交书面整改报告。 10月9日，广东证监局发布两则行政监管措施，对珠海横琴观致资产管理有限公司（以下简称"横琴观致资管"）采取责令改正、对该公司的执行董事、总经 理孟庆平采取出具警示函的行政监管措施。 ...

Core Viewpoint - The current market environment presents a favorable opportunity for investing in multi-strategy fixed income products, emphasizing risk control and sustainable returns over maximizing short-term gains [1][2]. Group 1: Investment Strategy - The investment philosophy prioritizes risk management, with a focus on controlling drawdowns and ensuring accumulative returns [2][4]. - The approach involves setting predetermined stop-loss and take-profit points for each trade, balancing between profit-taking and risk management [3]. - The company emphasizes a top-down asset allocation strategy, making macro-level judgments to guide investment decisions [4][5]. Group 2: Market Outlook - The bond market is expected to have limited further adjustments, with potential opportunities for allocation in the fourth quarter [7]. - The equity market is anticipated to continue its structural rally, with a focus on selecting next-tier leaders or broad-based ETFs to reduce portfolio volatility [7]. - Convertible bonds are viewed as a significant source of yield enhancement, with a focus on stocks with strong growth potential and themes like "anti-involution" and AI-related sectors [7][8]. Group 3: Team and Product Development - The fixed income team at the company consists of nearly 70 professionals with an average of 7 years of experience, covering a wide range of asset classes and investment strategies [5][6]. - Since 2016, the company has developed a mature management system for multi-strategy fixed income products, currently offering 14 different products [6]. - The company aims to balance volatility and return sources while allowing fund managers to leverage their strengths and meet investors' risk preferences [6].

证券之星消息，10月13日上海海通证券资产管理有限公司发布《海通鑫诚六个月持有期债券型集合资产 管理计划基金暂停申购、转换转入、定期定额投资公告》。公告中提示，为保证集合资产管理计划的平 稳运作，保护集合资产管理计划持有人利益，自2025年10月13日起海通鑫诚六个月持有期债券型集合资 产管理计划基金暂停申购、转换转入、定期定额投资，下属分级基金调整明细如下： | 分级基金简称 | 代码 | 是否暂停（大额）申购 | 申购限额 转入限额 定投限额 | | --- | --- | --- | --- | | | | (转入转出、赎回、定投) | (元) (元) (元) | | 海通臻成六个 月持有A | 852089 | 분 | | | 海通臻诚六个 月持有C | 852099 | 물 | | 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 | 分级基金筒称 | 代码 | 是否暂停（大额）申购 | 申购限额 转入限额 定投限额 | | | --- | --- | --- | --- | --- | | | | (转入转出、赎回、定投) | (元) (元) | (元) | | 海浦要略优先A 852200 | | 를 | | | | 海通赛略优先C 852289 | | 투 | | | 证券之星消息，10月13日上海海通证券资产管理有限公司发布《海通策略优选混合型集合资产管理计划 基金暂停申购、转换转入、定期定额投资公告》。公告中提示，为保证集合资产管理计划的平稳运作， 保护集合资产管理计划持有人利益，自2025年10月13日起海通策略优选混合型集合资产管理计划基金暂 停申购、转换转入、定期定额投资，下属分级基金调整明细如下： ...

智通财经APP获悉，当前，美国消费者持续消费、企业消化更高成本，且人工智能热潮催生了新一轮市 场乐观情绪，而世界经济目前已顶住了自20世纪30年代以来美国规模最大的关税冲击。然而，美国总统 唐纳德·特朗普最新提出的加征巨额关税的威胁，再次引发了全球经济遭遇新冲击的担忧，与此同时， 关于政府债务激增和科技股泡沫的警示也愈发强烈，多重风险相互叠加，全球经济遭遇重重风险。 这些担忧将成为本周各国财长和央行行长会议的焦点——此次会议在华盛顿举行，是国际货币基金组织 (IMF)和世界银行年度会议的重要组成部分。此外，美国为支撑阿根廷比索提供的200亿美元援助等也将 成为会议期间各类边会的重要议题。 此次政策制定者齐聚华盛顿的背景，不仅是全球前两大经济体之间新的贸易紧张局势，还包括从法国到 日本等多国出现的政治不稳定局面。 回溯今年4月他们上次在华盛顿参会时，全球经济前景要黯淡得多。当时特朗普宣布"解放日"关税计 划，引发金融市场震荡，政策制定者们担忧全球经济将陷入衰退，具体表现为贸易报复频发、通胀高企 以及投资萎缩。 不过在过去六个月里，多数经济数据都超出预期，尤其是全球最大经济体美国的表现尤为亮眼。 美国第二季度国内 ...

来源|券商中国 美国政府债务突遭警告。 在最新的采访中，桥水基金创始人瑞·达利欧警告称，美国政府债务的过快增长，叠加日益激化的内外冲突，正在催生一种与二战前夕"非常类似"的 氛围，对现有秩序构成严峻挑战。 根据美国财政部的数据，截至2025年10月，美国国债规模已超过37.86万亿美元。美媒报道称，在此之前，摩根大通CEO杰米·戴蒙、美联储主席杰 罗姆·鲍威尔都认为"美债危机迫在眉睫"。达利欧预测，在特朗普政府的领导下，"债务引起的心脏病发作"最多在两三年内就将爆发。 01 达利欧突发警告 达利欧在接受采访时表示，当债务相对于收入的比重不断上升时，就像动脉中的斑块一样，最终会挤压出可用的支出空间。这种债务堆积的趋势正威 胁着美国经济活力。 达利欧长期以来一直警示美国债务失控的风险。今年9月，他指出，不断膨胀的债务已对"全球货币体系构成威胁"。他将问题归咎于美国两党政治极 化，认为解决债务炸弹必须通过"增加税收收入与削减开支相结合"的方式实现。 根据美国财政部的数据，截至2025年10月，美国国债规模已超过37.86万亿美元。美国国会预算办公室估计，2024年美国公共持有的债务总额相当 于国内生产总值（GDP） ...

Core Viewpoint - UBS Wealth Management emphasizes the importance of being a "super connector" between Chinese and global entrepreneurs, leveraging its extensive experience and network to facilitate wealth management and investment opportunities [1][4]. Group 1: Wealth Management Strategy - UBS has over 160 years of history, focusing on wealth management, which accounts for over 50% of its total revenue [3]. - The firm adopts a "banking integration" strategy, where it first establishes long-term relationships with entrepreneurs, then extends services to investment banking and asset management as their needs grow [3][4]. - UBS has been active in the Chinese market for over 35 years, with a strong presence in Hong Kong and the broader Asia-Pacific region for over 60 years [3]. Group 2: Family Wealth Management - Many overseas families view family offices as a "school" for nurturing the next generation, with younger family members increasingly interested in entrepreneurship rather than traditional family businesses [6]. - Family offices are also seen as platforms for social impact, with younger generations preferring to invest in socially valuable projects rather than merely donating [6]. - The core demand from high-net-worth clients in China is shifting towards stability and diversification, with a growing interest in alternative investments such as private equity and hedge funds [6]. Group 3: Opportunities in the Greater Bay Area - UBS manages one-third of its assets in the Greater Bay Area, highlighting its significance to the firm [8]. - The number of trips between Hong Kong and cities in the Greater Bay Area has increased by 25% compared to last year, with related meetings rising by over 20% [8]. - The firm plans to relocate its Hong Kong office to a more efficient location by the end of 2026, enhancing its service capabilities for clients in the Greater Bay Area [9].

Core Insights - UBS Wealth Management emphasizes the importance of being a "super connector" between Chinese and global entrepreneurs, leveraging its extensive experience and network to facilitate wealth management and investment opportunities [2][7]. Group 1: Wealth Management Strategy - UBS has over 160 years of history, focusing on wealth management, which constitutes over 50% of its total revenue [6]. - The firm adopts a "banking integration" strategy, where it first establishes long-term relationships with entrepreneurs, then extends services to investment banking and asset management as their needs evolve [6][7]. - UBS has been active in the Chinese market for over 35 years, with a strong presence in Hong Kong and the broader Asia-Pacific region [6]. Group 2: Family Wealth Management - Many overseas families view family offices as a "school" for nurturing the next generation, with younger family members increasingly interested in entrepreneurship rather than traditional family businesses [9]. - Family offices are also seen as platforms for social impact, with younger generations preferring to invest in projects that create social value rather than merely donating [9]. - Current high-net-worth clients in China are maturing and becoming more rational, focusing on "stability" and diversifying investments into alternatives like private equity and hedge funds [9]. Group 3: Opportunities in the Greater Bay Area - UBS manages one-third of its assets in the Greater Bay Area, highlighting its significance to the firm [11]. - The number of trips between Hong Kong and cities in the Greater Bay Area has increased by 25% compared to last year, with related meetings up by over 20% [12]. - UBS plans to relocate its Hong Kong office to a more strategic location by the end of 2026, enhancing its ability to serve clients in the Greater Bay Area [12].

牛市来了还没上车？上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限 量发放！先到先得！ 美国政府债务突遭警告。 在最新的采访中，桥水基金创始人瑞·达利欧警告称，美国政府债务的过快增长，叠加日益激化的内外冲 突，正在催生一种与二战前夕"非常类似"的氛围，对现有秩序构成严峻挑战。 根据美国财政部的数据，截至2025年10月，美国国债规模已超过37.86万亿美元。美媒报道称，在此之 前，摩根大通CEO杰米·戴蒙、美联储主席杰罗姆·鲍威尔都认为"美债危机迫在眉睫"。达利欧预测，在 特朗普政府的领导下，"债务引起的心脏病发作"最多在两三年内就将爆发。 达利欧突发警告 亿万富翁投资者、桥水基金创始人瑞·达利欧警告称，美国政府债务增长过快，正在形成一个"与二战前极 为相似"的局面。 达利欧在接受采访时表示，当债务相对于收入的比重不断上升时，就像动脉中的斑块一样，最终会挤压出 可用的支出空间。这种债务堆积的趋势正威胁着美国经济活力。 达利欧长期以来一直警示美国债务失控的风险。今年9月，他指出，不断膨胀的债务已对"全球货币体系构 成威胁"。他将问题归咎于美国两党政治极化，认为解决债务炸弹必须通过"增加税 ...

源：金融时报 据报道，过去一个月，流入"剔除美股"全球股票基金与ETF的资金超过1750亿美元，而包含美国股票的 全球基金仅吸引约1000亿美元。尽管自4月低点反弹以来美股保持吸引力，但资金流动模式显示投资者 正在积极寻求投资组合的区域平衡。 摩根士丹利投资管理公司投资组合解决方案部首席投资官Jim Caron称："这种再平衡确实正在发生，未 来的投资组合将更加全球化与多元化。"他补充道，摩根士丹利在2025年初首次加码欧洲市场，这一决 策与当时美国政府换届带来的避险情绪直接相关。受相关政策措施影响，美股避险情绪在4月达到顶 点，推动欧洲与新兴市场明显跑赢华尔街。 尽管美股随后出现强劲反弹，但全球投资者"边际上"的转变仍在持续。欧洲成为主要受益者，贝莱德数 据显示，截至9月底，流入欧洲股票ETF的资金达到创纪录的710亿美元，远超去年同期的160亿美元。 高盛资产配置研究主管Christian Mueller-Glissmann表示："多数投资者心中仍然有多元化的意愿，资金 流与市场表现都在体现这一主题。" 来源：环球网 【环球网财经综合报道】据金融时报等外媒报道，法国兴业银行基于EPFR基金追踪数据的分析显 ...