责任编辑：郭栩彤 MACD金叉信号形成，这些股涨势不错！ 来源：工银瑞信基金 ...

现货黄金盘中一度升破4380美元/盎司，连续5日创新高，带动上海金ETF(159830)上涨2.77%，10月 累计上涨13%，年内累计涨幅高达60.46%，位居同标的产品第一。 金价连续5日创新高之际，上海金ETF(159830)也连续5日获资金净申购，合计净流入额4.21亿元， 该ETF紧密跟踪上海金指数，相比多数黄金ETF主流费率0.6%/ 年，上海金ETF(159830，联接C类： 014662)的管理费率+ 托管费率为"0.25%+ 0.05%"，处于市场费率较低档位。 ④继美银将明年金价上调至5000美元，高盛也将2026年12月黄金价格预期从每盎司4300美元上调至 每盎司4900美元。 世界黄金协会发布评论称，当前投资者担心黄金处于显著的超买状态。但从战略层面看，黄金的总 体持仓依然处于低位。机构表示，只要美元霸权裂缝还在扩大，黄金的故事就远未结束。 （责任编辑：郭健东 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center ...

| 基金管理人名称 | 兴业基金管理有限公司 | | --- | --- | | 公告依据 | 《公开募集证券投资基金信息披露管理办 | | | 《证券基金经营机构董事、监事、高 法》、 | | | 级管理人员及从业人员监督管理办法》等 | | 变更类型 | 兼有新任和离任基金管理人董事长 | 中国经济网北京10月17日讯 今日，兴业基金公告，任命刘宗治为董事长、法定代表人，叶文煌离 任。 | 职务 | 董事长、法定代表人 | | --- | --- | | 姓名 | 刘宗治 | | 任职日期 | 2025年10月16日 | | 过往从业经历 | 曾任兴业银行总行投资银行部总经理助理, 兴业银行总行企业金融总部投资银行部副 总经理、风险总监,兴业银行总行投行与金 | | | 融市场风险管理部副总经理(主持工作)、 | | | 总经理。 | | 取得的相关从业资格 | 基金从业资格 | | 国籍 | 中国 | | 学历、学位 | 本科学历、硕士学位 | 刘宗治曾任兴业银行总行投资银行部总经理助理，兴业银行总行企业金融总部投资银行部副总经 理、风险总监，兴业银行总行投行与金融市场风险管理部副总经理（主持工作）、总 ...

Group 1 - The core viewpoint of the article emphasizes the increasing importance of cash flow in the current economic environment, where companies are shifting from focusing on scale to prioritizing profits and cash flow [1] - The cash flow ETF (159399) has seen a real-time net inflow of 34 million units, indicating strong investor interest in cash flow assets [1] - The strategy of focusing on high free cash flow and low investment with high profit distribution to shareholders has shown better performance in declining or volatile markets [1] Group 2 - The FTSE Cash Flow Index, which the cash flow ETF (159399) tracks, has outperformed the CSI Dividend Index and the CSI 300 Index for nine consecutive years from 2016 to 2024 [1] - The cash flow ETF (159399) primarily targets large and mid-cap stocks, with a higher proportion of central state-owned enterprises compared to similar cash flow indices [1] - The ETF has consistently paid dividends for eight consecutive months since its listing, making it an attractive option for investors seeking regular income [1]

数据显示，创金合信基金旗下1只基金重仓浦发银行。创金合信量化发现混合A（003241）二季度持有 股数4.71万股，占基金净值比例为1.33%，位居第十大重仓股。根据测算，今日浮盈赚取约0元。连续6 天上涨期间浮盈赚取7.16万元。 创金合信量化发现混合A（003241）成立日期2016年9月27日，最新规模2862.27万。今年以来收益 16.36%，同类排名4921/8160；近一年收益19.18%，同类排名4649/8021；成立以来收益46.5%。 10月17日，浦发银行涨0%，截至发稿，报13.32元/股，成交10.84亿元，换手率0.25%，总市值4312.97亿 元。浦发银行股价已经连续6天上涨，区间累计涨幅12.88%。 资料显示，上海浦东发展银行股份有限公司位于上海市中山东一路12号,香港中环夏悫道12号美国银行 中心15及24楼，成立日期1992年10月19日，上市日期1999年11月10日，公司主营业务涉及 吸收公众存 款;发放短期、中期和长期贷款;办理结算;办理票据贴现;发行金融债券;代理发行、代理兑付、承销政府 债券;买卖政府债券;同业拆借;提供信用证服务及担保;代理收付款项及代理保 ...

Market Overview - On October 16, A-shares showed mixed performance with a shift in market style, as funds flowed into dividend sectors, leading to a collective surge in the coal sector, while insurance and banking sectors also performed well. In contrast, the semiconductor and controlled nuclear fusion sectors experienced declines [1][4]. Fund Flows - The stock ETF market saw a net outflow of over 5 billion yuan, with broad-based indices like the CSI A500 experiencing significant outflows. The recent surge in "golden tracks" attracted substantial capital, with over 15 billion yuan flowing into the SGE Gold 9999 index in the past five days and over 10 billion yuan into the Hang Seng Technology index [2][3]. ETF Performance - As of October 16, the total scale of 1,228 stock ETFs reached 4.58 trillion yuan. The stock ETF market saw a reduction of 1.147 billion shares, translating to a net outflow of 5.042 billion yuan [2]. - Commodity ETFs and Hong Kong market ETFs led the inflows, with net inflows of 5.147 billion yuan and 3.374 billion yuan, respectively [3]. Sector Analysis - The banking, securities, and coal sectors were notably active, with the Bank ETF, Rare Earth ETF, and Securities ETF seeing the highest net inflows [6]. - Conversely, the CSI A500 index faced a net outflow of 2.36 billion yuan, indicating a shift away from broader market indices [8]. Gold ETFs - Gold-related ETFs continued to perform strongly, with year-to-date gains exceeding 60%. The gold ETF saw a net inflow of 800 million yuan on October 16 [5][7]. Investment Sentiment - The current market sentiment is cautious due to factors such as U.S.-China tensions, leading to a decline in risk appetite. The coal, banking, and food and beverage sectors are currently leading the market, while sectors like steel and construction materials are weakening [10]. Fund Management Insights - Major fund companies like E Fund and Huaxia Fund reported significant inflows into their ETFs, with E Fund's ETFs increasing by 2.5 billion yuan recently, reflecting strong investor interest in specific sectors [7]. Conclusion - The market is currently in a phase of "policy impetus + performance verification," with a focus on sectors with strong earnings certainty and clear policy catalysts expected to drive future performance [10].

Market Overview - The A-share market experienced a collective adjustment in the morning session, with the major indices showing declines. The China Securities A500 Index fell by 1.5%, the CSI 300 Index decreased by 1.3%, the ChiNext Index dropped by 2.4%, and the STAR Market 50 Index declined by 2.6% [1] - The Hang Seng Index also faced fluctuations, with the pharmaceutical sector opening high but closing lower, while technology stocks saw significant corrections [1] Sector Performance - Among the sectors, gas, precious metals, port shipping, coal mining and processing, steel, airport shipping, and banking showed the most significant gains [1] - Conversely, sectors such as grid energy storage, controlled nuclear fusion, cultivated diamonds, semiconductors, and lithography machine concepts experienced the largest declines [1] Index Details - The CSI 300 Index consists of 300 stocks with good liquidity from the Shanghai and Shenzhen markets, covering 11 primary industry categories. Its rolling P/E ratio is 14.4 times [3] - The China Securities A500 Index includes 500 securities with good liquidity, covering 91 out of 93 tertiary industries, with a rolling P/E ratio of 16.9 times [3] - The ChiNext Index is composed of 100 stocks from the ChiNext board, with a high proportion of strategic emerging industries, particularly in power equipment, communication, and electronics, which together account for nearly 60% [4] - The STAR Market 50 Index includes 50 stocks from the STAR Market, characterized by "hard technology" leaders, with a rolling P/E ratio of 42.8 times [4] - The Hang Seng China Enterprises Index consists of 50 large-cap, actively traded stocks listed in Hong Kong, with a broad industry coverage, where consumer discretionary, information technology, finance, and energy sectors account for nearly 85% [6]

Core Viewpoint - Recent adjustments in risk ratings for fund distribution by banks are closely related to market changes, with increased asset risk and a shift from static to dynamic risk management practices [1][2][3] Group 1: Risk Rating Adjustments - Multiple banks, including CITIC Bank, have raised the risk ratings of 15 out of 17 asset management products, indicating a trend towards higher risk assessments in response to market conditions [2][5] - The adjustments are part of a broader regulatory requirement for banks to independently conduct risk ratings and ensure consistency with fund managers' ratings [3][4] - The adjustments reflect a need to align risk ratings with the actual risk profiles of funds, particularly for equity and pension-themed funds, which have shown structural changes in risk characteristics [6][7] Group 2: Regulatory and Market Influences - The implementation of the "Commercial Bank Agency Sales Business Management Measures" starting October 1, 2025, mandates banks to independently assess risk ratings, influencing recent adjustments [3][4] - Data analysis revealed a mismatch between clients' risk profiles and the actual risk levels of funds they held, prompting banks to raise ratings to mitigate overexposure to risk [3][6] - Market volatility, particularly in the A-share market, has led to increased risk for equity funds, necessitating adjustments in their risk ratings [6][7] Group 3: Investor Risk Assessment Changes - Some banks, like Jiangnan Rural Commercial Bank, have revised their investor risk assessment rules to enhance consumer protection and ensure appropriate risk evaluations [4] - The new rules limit the frequency of risk assessments and establish a one-year validity period for assessment results, emphasizing the importance of timely evaluations in light of changing financial circumstances [4] - The overall trend indicates that banks are striving to improve their suitability management practices to better protect investors' interests [4][5]

新疆前海联合基金董事会、高管层面也同步"换新"。 其中，董事会方面，新疆前海联合基金公告称，经股东决定，任命李海超、贺国灵、刘亦千等担任新疆 前海联合基金第三届董事会董事，贺国灵代任董事长一职。第二届董事会成员如原董事长黄炜，原董事 孙莉、孙磊等不再担任董事职务。高管层方面，自10月13日起，贺国灵出任公司总经理、法定代表人及 财务负责人。 公告显示，贺国灵来自股东方上海证券，拥有超过二十年金融行业从业经验，历任洛阳银行股份有限公 司资金经营中心经理，平安银行股份有限公司金融市场产品部承销与发行室负责人、金融市场事业部经 纪业务中心承销与发行室副经理（主持工作）、资金运营中心销售交易中心机构销售部副总经理（主持 工作），国海富兰克林基金管理有限公司资产管理部总经理、机构二部总经理，华泰保兴基金管理有限 公司专户投资部总经理，上海证券有限责任公司资产管理总部联席总经理、资产管理总部总经理，2025 年10月加入新疆前海联合基金管理有限公司。 中经记者 罗辑 实习生 曾楚英 北京报道 近日，新疆前海联合基金接连发布多则公告，公司股东及实际控制人发生变更，公司董事会、高管层均 迎来调整。 根据公告，经证监会《关于核 ...

Core Viewpoint - Baosteel Co., Ltd. has experienced a decline in stock price, with a cumulative drop of 6.87% over the past three days, closing at 2.71 CNY per share on October 17, 2023, with a total market capitalization of 122.73 billion CNY [1] Group 1: Company Overview - Baosteel Co., Ltd. is located in Baotou City, Inner Mongolia, and was established on June 29, 1999, with its listing date on March 9, 2001 [1] - The company's main business involves the development and utilization of mineral resources, as well as the production and sale of steel products [1] - The revenue composition of Baosteel's main business includes 76.99% from steel products, with specific breakdowns: 50.56% from plates, 22.35% from other products, 10.99% from pipes, 8.34% from profiles, 7.10% from wires, and 0.65% from other sources [1] Group 2: Shareholder Information - E Fund's Hu Shen 300 ETF (510310) is among the top ten circulating shareholders of Baosteel, having increased its holdings by 27.86 million shares in the second quarter, totaling 288 million shares, which represents 0.92% of the circulating shares [2] - The estimated floating loss for E Fund's Hu Shen 300 ETF today is approximately 5.75 million CNY, with a total floating loss of 57.52 million CNY during the three-day decline [2] - E Fund's Hu Shen 300 ETF was established on March 6, 2013, with a current scale of 266.52 billion CNY, yielding 20.11% this year, ranking 2700 out of 4218 in its category [2] Group 3: Fund Performance - The fund managers of E Fund's Hu Shen 300 ETF are Yu Haiyan and Pang Yaping, with Yu having a tenure of 14 years and 316 days, and Pang having a tenure of 7 years and 1 day [3] - Yu's fund has a total asset scale of 385.76 billion CNY, with the best return during his tenure being 166.29% and the worst being -78.9% [3] - Pang's fund has a total asset scale of 314.87 billion CNY, with the best return during his tenure being 83.19% and the worst being -37.67% [3] Group 4: Fund Holdings - E Fund's Zhongzheng Rare Earth Industry ETF (159715) has also increased its holdings in Baosteel by 985,100 shares in the second quarter, holding a total of 5.60 million shares, which accounts for 4.74% of the fund's net value [4] - The estimated floating loss for E Fund's Zhongzheng Rare Earth Industry ETF today is approximately 112,000 CNY, with a total floating loss of 1.12 million CNY during the three-day decline [4] - This fund was established on September 1, 2021, with a current scale of 211 million CNY, yielding 81.42% this year, ranking 36 out of 4218 in its category [4]