查看更多考评等级 2月23日晚间，国投资本（600061.SH）发布公告，对国投瑞银白银期货证券投资基金（LOF）（下 称"国投白银LOF"）事件的和解方案对自己的财务影响进行了测算，结论是影响低于2024年度经审计归 母净利润的5%。根据国投资本2024年的归母净利润26.94亿元，5%就是1.35亿元。 来源 | 独角金融 作者 |付影 图源：公告 这一和解方案源于2月15日国投瑞银基金的公告。因国际白银期货史诗级暴跌，2月2日晚，国投白银 LOF更新的净值数据显示，其A类份额单位净值从前一交易日的3.28元骤降至2.25元，净值从预估 的-17%大幅下调至实际的-31.5%，创下公募单日最大跌幅纪录，引发投资者争议。公司针对1月30日15 点-2月2日15点赎回的个人投资者进行补偿。 这场公募首例估值调整补偿风波，有诸多疑问待解。补偿方案虽明确分层补偿，但超1000元损失的投资 者补偿比例目前暂未披露具体补偿措施，且此次补偿仅覆盖个人投资者、机构投资者暂不在补偿范围 内，这一补偿的判定依据又是什么？此外，国投瑞银基金对该产品的估值调整，为何发生在交易收盘后 才发布公告，是否存在信息披露不及时的问题？ 1 ...

作者 | 刘银平编辑 | 付影 来源 | 独角金融 春节前夕，华宝基金一则人事变动引发市场关注：任职近20年、担任基金经理超13年的指数投资总监胡 洁，一次性卸任在管全部16只产品。这次"清仓式"离任之所以引人注目，不仅因其资历深厚，更在于管 理规模高达1013.62亿元——占据公司指数基金总规模的一半以上，堪称华宝ETF时代的"关键推手"。 作为以ETF产品为主的指数基金经理，胡洁在任期间曾推动公司ETF规模快速扩张。然而，与其规模贡 献形成鲜明对比的是业绩表现：卸任前，她所管产品的近一年整体回报为9.33%，明显跑输同期沪深 300指数逾20%的涨幅。 胡洁的离任，让华宝基金长期以来在权益基金方面的"冰火两重天"结构性困局再次浮出水面。ETF赛道 是华宝的亮点，公司起步较早，近年来在被动产品上持续发力，截至2025年末，非货ETF规模已达 1278.77亿元，同比增长56.38%。正是在ETF的强力拉动下，华宝基金整体管理规模终于在2025年三季 度末突破4000亿元，结束了三年的规模停滞期。 但被动产品的风光背后，主动权益基金则显得格外沉寂。近两年，华宝主动权益基金管理规模多在200 亿元以下徘徊，20 ...

在春节期间紧急"灭火"，自掏腰包推出国投白银LOF补偿方案后，至于此次国投瑞银基金具体赔偿金 额，外界十分关注，而其背后的控股股东国投资本一份公告透露出了部分数据。 2月23日晚间，国投资本公告公司下属三级控股投资企业国投瑞银基金已于2026年2月15日发布国投白银 LOF相关事项的专项工作方案。在公告中国投资本表示，经初步测算，预计本次方案将对公司2026年度 归母净利润产生一定负面影响，影响金额低于公司2024年度经审计归母净利润的5%。 值得注意的是，经过层层穿透之后，国投资本是国投瑞银基金背后的控股股东。国投瑞银基金于2005年 6月8日合资成立，是第一家外方持股比例达49%的合资基金公司。公司股东为国投泰康信托有限公司和 瑞银集团（UBS AG），持股比例分别为51%和49%。国投资本持有国投泰康信托61%的股份。 散户和大户赔偿区别对待 赶在除夕前一天，原本已经进入春节时刻的资本市场突然传出重磅消息，加班加点的国投瑞银基金在2 月15日发布了关于白银基金相关方案的公告，针对因国投白银LOF估值调整而受到影响的投资者，给出 了补偿方案。 方案明确，对估值调整影响金额（由-17%调至-31.5%的部分 ...

截至收盘，创业板成长指数上涨1.5%，创业板指数上涨1.0%，创业板中盘200指数上涨0.4%，相关ETF交投活跃，创业板ETF易方达（159915）全天成交额 超30亿元。 每日经济新闻 ...

在春节期间紧急"灭火"，自掏腰包推出国投白银（核心股）LOF补偿方案后，至于此次国投瑞银基金具 体赔偿金额，外界十分关注，而其背后的控股股东国投资本一份公告透露出了部分数据。 国投资本2024年年报显示，2024年净利为26.94亿元。若按公告所述"低于5%"的上限计算，国投资本的 损失约为1.347亿元。根据上述国投瑞银基金股权关系计算，此次国投瑞银基金要支付的补偿金额最高 将超过4.3亿元。 2月23日晚间，国投资本公告公司下属三级控股投资企业国投瑞银基金已于2026年2月15日发布国投白银 （核心股）LOF相关事项的专项工作方案。在公告中国投资本表示，经初步测算，预计本次方案将对公 司2026年度归母净利润产生一定负面影响，影响金额低于公司2024年度经审计归母净利润的5%。 值得注意的是，经过层层穿透之后，国投资本是国投瑞银基金背后的控股股东。国投瑞银基金于2005年 6月8日合资成立，是第一家外方持股比例达49%的合资基金公司。公司股东为国投泰康信托有限公司和 瑞银集团（UBS AG），持股比例分别为51%和49%。国投资本持有国投泰康信托61%的股份。 至于投资者是否能够将这4.3亿元左右全部拿到 ...

【导读】2月以来超20只QDII基金暂停大额申购 春节后首个交易日，多只QDII基金官宣，暂停大额申购。2月以来，已有超20只QDII基金陆续公告"闭 门谢客"。 业内人士表示，QDII基金限购通常出于外汇额度限制、控制基金规模、保护投资者利益等多重因素考 量。同时提醒，QDII基金的业绩表现与海外市场波动高度相关，部分赛道如美股科技等波动较大，且 存在汇率风险、境外监管风险等。投资者应理性投资，切勿盲目追高或跟风投资。 超20只QDII基金"闭门谢客" 沪上一位QDII基金经理表示，基金公司需要拿到外汇管理局发放的QDII投资额度才能投资境外股票或 债券，而QDII基金的投资是占用基金公司的外汇额度的。当境外市场表现好的时候，投资者大量买入 QDII，外汇额度就会越来越少，如果额度将要耗尽，基金公司就会采取限购的措施。 深圳一位QDII基金经理认为，控制基金规模是QDII基金限购的重要原因之一。如果基金规模太大，可 能会影响基金运作策略风格和调仓的灵活性。因此基金公司在必要时会控制规模的大小，避免给基金运 作带来负面影响。 "限购还可以保护持有人利益。以纳斯达克指数ETF联接基金为例，假设大家在一天内涌入购 ...

Group 1 - The A-share market saw a collective rise on February 24, with the Shanghai Composite Index increasing by 0.87% and total market turnover exceeding 2.2 trillion yuan, an increase of approximately 220 billion yuan compared to the previous trading day [1] - Over 4,000 stocks closed in the green, with sectors such as oil and gas extraction and services, precious metals, cultivated diamonds, glyphosate, fertilizers, coal mining and processing, fiber optics, power grid equipment, and port shipping leading the gains [1] - The ChiNext Index rose by 1.2%, while the CSI 300 Index and the ChiNext Index both increased by 1.0%. In contrast, the STAR Market 50 Index fell by 0.3%, and the Hang Seng China Enterprises Index dropped by 2.1% [1] Group 2 - The ChiNext ETF tracks the ChiNext Index, which consists of 100 stocks with high market capitalization and liquidity, with a significant proportion in strategic emerging industries, particularly in power equipment, communications, and electronics, which together account for nearly 60% [4] - The STAR 50 ETF tracks the STAR Market 50 Index, composed of 50 stocks with high market capitalization and liquidity, prominently featuring "hard technology" leaders, with semiconductors accounting for over 65% and combined with medical devices and software development, these sectors represent about 80% [4]

华宝基金 wabao WP Fund Car The State The First 2026年02月 | 3A系列ETF当日场内行情 ■ 中证A100ETF基金 A50ETF华宝 A500ETF华宝 159596 562000 563500 +0.78% +1.0% +0.94% 數据来源:沪深交易所等,行情数据截至 A50ETF华宝于2024.3.18上市,中证A100ETF基金于2022.8.1上 市,A500ETF华宝于2024.12.2上市 当日大市行情 m +0.87% +1.36% +0.99% 创业板指 上证指数 深证成指 两市成交额2.2万亿元 较上一日+2194亿元 全市场个股涨跌数 86日 1392景 4006 =1 上涨 il 持平 『下跌 资金净流入TOP3行业(申万一级) +36.19亿元 +39.7917元 机构观点 国投证券:节后行情核心驱动力有望来自三方面 一是政策预期推动或密集落地,两会临近将明确新质生产力、新型能 源体系等产业支持细则,例如6G、水电、机器人等领域有望获得专项 资金或试点推广,直接提振相关板块估值提升预期。二是流动性环境 改善,节后资金回流叠加假期人民币汇 ...

Group 1 - The core viewpoint of the article is that Guotou Ruijin has announced a compensation plan for its silver LOF, which may result in significant financial implications for the company and its parent, Guotou Capital [1] - Guotou Capital's announcement indicates that the compensation plan is expected to negatively impact the company's net profit for 2026, with the estimated loss being less than 5% of the audited net profit for 2024, which is 2.694 billion [1] - The maximum potential loss for Guotou Ruijin Fund is estimated to be around 431 million, which could equate to a year of no profit for the fund, given its reported revenue of 1.379 billion and net profit of 376 million for 2024 [1] Group 2 - Guotou Ruijin Fund is a joint venture between Guotou Kangtai Trust Co., Ltd. and Swiss Bank, with respective ownership stakes of 51% and 49% [1] - Guotou Capital indirectly holds a 31.26% stake in Guotou Ruijin Fund through its majority ownership in Guotou Kangtai Trust [1]

Group 1: Fund Premium Risk Alerts - 27 funds have issued premium risk alerts, primarily focusing on overseas theme QDII products covering markets such as the US, Brazil, France, Germany, and Japan [1] - Notable funds include Guotai Asset Management's silver LOF and Southern Oil LOF, which have also released premium alerts [1] - Fund companies are advising investors to be cautious of high premium rates in secondary market transactions to avoid significant losses [1] Group 2: Sales Fee Regulation - Starting from February 24, 2026, new regulations will prohibit fund managers from charging subscription fees and sales service fees for direct sales [1] - Currently, two public fund managers, Xingquan Fund and Caitong Asset Management, have announced the waiver of subscription fees for direct sales [1] Group 3: Semiconductor Industry Insights - The global silicon wafer shipment volume is projected to reach 12.973 billion square inches in 2025, marking a 5.8% increase from the previous year [1] - Despite the growth in shipment volume driven by AI and HBM demand, wafer sales revenue is expected to decline by 1.2% to $11.4 billion due to lagging demand and price recovery [1] Group 4: Television Panel Price Trends - In February 2026, television panel prices have increased, with the highest price rise reaching $3 for certain sizes [2] - The demand for television panels remains stable, and manufacturers are adjusting production capacity during the Lunar New Year [2] Group 5: Solar Industry Inventory Trends - During the Lunar New Year, silicon wafer prices remained stable, but inventory levels have increased due to reduced orders [2] - Battery manufacturers are expected to resume operations post-holiday, potentially leading to improved inventory levels [2] Group 6: Camera Price Surge - Camera prices have surged significantly, with some models increasing by up to 10 times their original price [3] - The market for cameras is experiencing a price trend contrary to that of smartphones, with certain models being referred to as "electronic gold" by consumers [3] Group 7: Gold Product Price Increases - Chow Tai Fook is expected to raise prices for gold products by 15%-30% around mid-March, with some stores already receiving notifications [3] - A specific gold bracelet is projected to increase from 53,800 yuan to 71,800 yuan, reflecting a price rise of over 33% [3] Group 8: Novo Nordisk Stock Decline - Novo Nordisk's stock plummeted over 16% following disappointing clinical trial results for its new weight loss drug CagriSema, which showed a 23% weight loss compared to 25.5% for Eli Lilly's competitor [4] - This decline has erased all gains from the previous weight loss drug, semaglutide, and poses challenges for Novo Nordisk in a competitive market [4] Group 9: Corporate Name Changes - Several companies under Wahaha have changed their names to "Hongsheng," indicating a potential rebranding strategy [5] Group 10: Business Contracts and Financial Performance -韶能股份 has signed a significant business contract worth 22 million yuan for an independent energy storage project [6] - 风范股份 has won a procurement project from Southern Power Grid valued at approximately 184 million yuan, representing 5.7% of its audited revenue for 2024 [7] - 恒誉环保 reported a 106.25% increase in net profit for 2025, with revenues reaching 294 million yuan [8] - 甬矽电子 achieved a 23.99% increase in net profit for 2025, with revenues of 4.4 billion yuan [9] - 三生国健 reported a remarkable 317.09% increase in net profit for 2025, with revenues of 4.199 billion yuan [10] - 中微半导's net profit grew by 108.05% in 2025, with revenues of 1.122 billion yuan [11] - 交控科技's net profit increased by 86.13% for 2025, with revenues of 2.537 billion yuan [12] Group 11: Corporate Name Change Announcement - 内蒙华电 has announced a change in its stock name to "华能蒙电" to enhance brand recognition [13] Group 12: Acquisition and Stock Suspension - 多瑞医药's stock will be suspended following the expiration of a tender offer for 19.44 million shares at 32.07 yuan each [14] - 东阳光 is planning to acquire control of 东数一号, leading to a temporary suspension of its stock [15] Group 13: Market Performance Overview - The Shanghai Composite Index rose by 0.87% on the first trading day of the Year of the Horse, with over 4,000 stocks increasing in value [16] - The oil and gas sector saw collective gains, with several stocks hitting the daily limit [16]