来源：深圳商报·读创客户端 节后，A股市场走强，沪指单周上涨2%，逼近4200点关口。 展望后市，长城基金高级宏观策略研究员汪立表示，A股市场具备多方面积极因素。具体来看，无风险 收益下行与资本市场改革持续推进，贴现率下行对市场估值形成支撑，为A股市场提供友好的流动性环 境；内需政策全面发力，消费与投资端均迎来政策与基本面共振；出口景气度向好预期明确，叠加国内 新技术产业突破与全球化扩张提速，共同推动中国经济预期实质性企稳上修。投资思路上，新兴科技是 主线，价值股也会有春天。中国经济工作的重心正转向内需主导，并作为首要任务，内需复苏、物价回 升与地产企稳"预期"会推动经济预期上修。目前内需板块预期与交易出清，价值股有望迎来拐点。 前海开源首席经济学家杨德龙分析称，"从历史规律看，A股素有春季攻势的季节性特征，春节后市场 有望开启新一轮上涨行情。目前来看，春节后不仅科技股表现亮眼，更多板块也呈现出明显的轮动迹 象，预示着马年市场机会较多、赚钱效应有望增强。" 记者 陈燕青 基金业协会最新数据显示，截至1月底，我国境内公募基金管理机构共165家，取得公募资格的资产管理 机构15家。以上机构管理的公募基金资产净值合 ...

最近和发小在茶馆喝茶，聊起圈里的新鲜事，说公募基金的业绩比较基准新规，3月1日就要正式实施了，好多基金公司都在忙活着 调整产品基准，有的已经和监管沟通好几轮了。旁边坐的老陈听见了，赶紧凑过来问："这新规会不会影响我买的基金啊？是不是 要赶紧出手？"其实不止老陈，之前我也和大家一样，一有消息就慌得不行，直到认识了搞量化大数据的发小，才明白：从来不是 消息决定走势，而是消息背后的资金交易行为，才是关键。就像老陈去年买的一只基金，明明出了利好公告，结果反而走弱，后来 发小用量化数据一看，原来是早就有资金在悄悄兑现利润，借利好出货。 一、别被走势表象，蒙了你的眼 三、利空不慌，看资金真实意图 我们平时看投资品，总习惯盯着盘面的高低变化，觉得走高就是好，走弱就是坏，但其实这都是表象。发小给我看过一组量化数 据，有只投资品，那段时间盘面还在缓慢走高，势头虽然不如之前凌厉，但看起来依然稳得住，好多人都觉得是入场的好机会，甚 至有人追了进去。但量化数据却显示，连续五个交易日，主导交易的都是「获利回吐」行为。 这里的「获利回吐」，说大白话就是之前赚了钱的资金，开始慢慢兑现利润，不是说看空后续，只是落袋为安。但这种行为一旦持 续 ...

不过，受宽基ETF被赎回的影响，股票型基金规模缩水超3400亿元。在"股债跷跷板"效应作用下，债券 基金规模也减少了4000多亿元。 公募基金规模连续10个月创历史新高 中国基金业协会最新披露的数据显示，截至2026年1月底，我国境内公募基金管理机构共165家，其中基 金管理公司150家，取得公募资格的资产管理机构15家。以上机构管理的公募基金资产净值合计37.77万 亿元。 | 灵别 | 基金数量(只) | 份期(亿份) | 净值(亿元) | 基金数量(只) | 份额(亿份) | 净值(亿元) | | --- | --- | --- | --- | --- | --- | --- | | | (2026/1/31) | (2026/1/31) | (2026/1/31) | (2025/12/31) | (2025/12/31) | (2025/12/31) | | 股票基金 | 3,494 | 39, 194. 86 | 57.087. 41 | 3.442 | 39,527.06 | 60.525.58 | | 债券基金 | 3.893 | 87.346.34 | 105.309. 34 | 3.884 ...

2026年开年，公募基金发行市场"春意盎然"。 其中，年内新成立的股票型基金仍旧以ETF产品为主。 同时，在新成立的74只混合型基金中，偏股混合型基金占据绝对C位：共有68只，合计发行规模737.8亿元；而偏债混合型基金仅有4只，占比 较低，其余2只为灵活配置型基金。 这意味着，2026年前两个月，新成立权益基金（股票型基金+偏股混合型基金）的发行总规模达到1208.38亿元。 Wind数据显示，以基金成立日为准，截至2月26日，在2026年前两个月成立的新基金数量达到230只，发行规模合计2102.80亿元。至此，于年 内成立的新基金数量及发行规模均同比增长逾41%。 权益基金发行规模超1200亿元 同时，新基金的结构呈现明显变化：权益基金主导下，FOF、固收+产品颇有异军突起之势。 受访人士向21世纪经济报道记者指出，权益基金发行火热有望为A股带来千亿级增量资金托底、流动性改善、机构定价权提升的积极影响。 在公募基金发行市场回暖过程中，权益基金成为主力选手。 据Wind统计，2026年1月1日～2月26日，全市场新成立混合型基金74只，合计发行规模796.43亿元（即发行份额796.43亿份），在同期新基 ...

2026年开年，公募基金发行市场"春意盎然"。 Wind数据显示，以基金成立日为准，截至2月26日，在2026年前两个月成立的新基金数量达到230只，发行规模合计2102.80亿元。至此，于年 内成立的新基金数量及发行规模均同比增长逾41%。 同时，新基金的结构呈现明显变化：权益基金主导下，FOF、固收+产品颇有异军突起之势。 受访人士向21世纪经济报道记者指出，权益基金发行火热有望为A股带来千亿级增量资金托底、流动性改善、机构定价权提升的积极影响。 权益基金发行规模超1200亿元 在公募基金发行市场回暖过程中，权益基金成为主力选手。 据Wind统计，2026年1月1日～2月26日，全市场新成立混合型基金74只，合计发行规模796.43亿元（即发行份额796.43亿份），在同期新基金 发行总规模中的占比约为38%；新成立91只股票型基金，合计发行规模470.58亿元，占比约为22%。 其中，年内新成立的股票型基金仍旧以ETF产品为主。 同时，在新成立的74只混合型基金中，偏股混合型基金占据绝对C位：共有68只，合计发行规模737.8亿元；而偏债混合型基金仅有4只，占比 较低，其余2只为灵活配置型基金。 这意味 ...

Background - Quanzhou's private economy has significantly improved, contributing approximately 80% of the city's GDP and 90% of technological innovation results [1] - By the end of 2025, Quanzhou aims to establish a "1+N" tiered fund matrix, with a government-guided mother fund exceeding 60 billion yuan, driving the city's fund industry scale to surpass 300 billion yuan [1] Issues - Quanzhou's industrial funds face three main shortcomings: insufficient scale, with the current 300 billion yuan not matching the trillion-level industrial upgrade demand; inadequate focus on emerging industries, with only 35% of investments directed towards them; and poor ecological collaboration, with an imperfect mechanism for connecting industry, academia, and finance [3] Recommendations - To address the financing challenges for innovative enterprises, it is suggested to create a trillion-yuan industrial fund cluster [4] - Expand the capital pool by integrating special fiscal funds, state-owned capital transfers, and industrial development funds, increasing the municipal equity investment fund from 1.053 billion yuan to 100 billion yuan [4] - Establish a 50 billion yuan "Quanzhou Business Return" special fund, offering a 20% profit-sharing incentive for overseas Chinese capital participation [4] - Develop a county-level sub-fund system focusing on key industrial chains, with sub-fund scales of no less than 20 billion yuan in strong industrial areas [4] Investment Strategy - Establish a binding mechanism between "chain clusters + funds," setting up 20 specialized funds focused on nine industrial clusters and 14 emerging tracks, with at least 60% allocated to new industries like integrated circuits [5] - Increase early-stage investments by creating a 30 billion yuan angel mother fund, with at least 40% of the fund's scale directed towards seed and startup tech enterprises [6] - Implement a "fund + investment attraction" strategy, allocating 30% of fund scale for industrial chain mergers and acquisitions [6] Operational Efficiency - Promote market-oriented and professional management by selecting top teams through a "mother fund + GP/LP" model [8] - Establish a comprehensive post-investment service ecosystem, including a service center for the trillion-yuan fund cluster [8] - Create a regional equity trading platform to support exits through IPOs, mergers, and share transfers, with a 10 billion yuan exit guidance fund to provide liquidity support [8] Policy Support - Increase fiscal support by allocating no less than 2 billion yuan annually for risk compensation and profit-sharing [9] - Optimize resource allocation by planning a "fund + innovation" complex in the new science and technology city [9] - Establish a risk prevention system with a 50 billion yuan risk mitigation fund to address systemic investment risks [9]

Fund Overview - The fund is named "E Fund CSI Hong Kong Stock Connect Comprehensive Index Quantitative Enhanced Securities Investment Fund" with A-class and C-class share codes being 026847 and 026848 respectively [20] - It is an open-ended, equity-type index fund with an indefinite duration [20] - The initial share value is set at RMB 1.00 [20] Fund Raising Details - The fund's initial fundraising cap is set at RMB 8 billion, excluding interest accrued during the fundraising period [2] - The fundraising period is from March 4, 2026, to March 17, 2026, with the possibility of adjustments based on subscription conditions [23] - Investors can subscribe multiple times during the fundraising period, with no upper limit on the total amount for individual investors, but measures will be taken to control holdings exceeding 50% [5][23] Subscription Process - Minimum subscription amounts are RMB 1 for initial and additional subscriptions through non-direct sales institutions, and RMB 50,000 for direct subscriptions [5] - The fund will not allow conversions between different share classes at this time [2] - Subscription fees will be charged for A-class shares, while C-class shares will not incur subscription fees but will have service fees during the holding period [25][28] Index and Investment Strategy - The fund aims to achieve returns that exceed its performance benchmark while controlling the average tracking deviation and annualized tracking error [21] - The underlying index is the CSI Hong Kong Stock Connect Comprehensive Index, which includes securities within the Hong Kong Stock Connect range [10][11] Fund Management and Administration - The fund is managed by E Fund Management Co., Ltd., with China Agricultural Bank as the custodian [1][63] - The fund's registration and management are subject to the approval of the China Securities Regulatory Commission [1] Investor Eligibility - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [22]

Core Viewpoint - The announcement pertains to the disclosure of the full text of the fund contract and the prospectus for the E Fund CSI Hong Kong Stock Connect Composite Index Quantitative Enhanced Securities Investment Fund, which will be available for investor review on specified websites [1]. Group 1 - The fund management company commits to managing and utilizing fund assets with principles of honesty, credit, diligence, and responsibility [1]. - There is no guarantee of profit or minimum returns from the fund, emphasizing the importance of understanding the risk-return characteristics before making investment decisions [1].

Group 1 - The announcement pertains to the full text of the fund contract and prospectus for the China Securities Index New Energy Vehicle Exchange-Traded Fund, which will be disclosed on February 28, 2026 [1] - The fund manager commits to managing and utilizing fund assets with principles of honesty, credit, and diligence, but does not guarantee profits or minimum returns [1] - Investors are encouraged to fully understand the risk-return characteristics of the fund and make prudent investment decisions [1]

风险提示：基金有风险，投资需谨慎。 评级数据显示，截至2025年四季度末，旗下股票型基金获得五星评级的基金管理公司共有10家，包括华商基金、财通基 金、国金基金、景顺长城基金、金鹰基金、博道基金、富国基金、融通基金、招商基金、西部利得基金。其中，招商基金 在三项评价维度中获得五星认可；国金基金、景顺长城基金、博道基金、富国基金、融通基金、西部利得基金则在两项维 度中获五星评级。 混合型基金因资产配置灵活，其风险收益特征介于股票型和债券型之间。济安评级在该类基金的评价中，除考察盈利能 力、抗风险能力外，还引入业绩稳定性、规模适度性、比较基准偏离及择时能力等多项指标，以评估基金管理人在不同市 场环境下的动态配置能力。 近日，济安金信基金评价中心发布2025年第四季度公募基金评级结果。数据显示，截至四季度末，满足评级年限并获得济 安评级的公募基金产品共计9074只，较前一季度增加203只。其中，获得五星评级的基金共937只。 | | | | !5年获得济安混合型基金5星评级的ł | | | | | --- | --- | --- | --- | --- | --- | --- | | 公司名称 | 盤利能力 | 业 ...