每经记者｜任飞 每经编辑｜陈柯名 叶峰 今年9月，《每日经济新闻》记者从业内获悉，博时基金董事长将更换，总经理张东或将接替江向阳出任公司董事长。10月15日，博时基金正式官宣了这 一消息。公告显示，江向阳因工作安排辞任公司董事长，党委书记、总经理张东接任。 江向阳已调任招商局集团旗下招商租赁工作 10月15日晚间，博时基金发布公告称，公司高级管理人员发生变更。自2025年10月15日起，江向阳因工作安排离任公司董事长，张东接任公司董事长暨法 定代表人，不再担任公司总经理职务。但张东将代为履行公司总经理职务，期限不超过6个月。 今年9月，《每日经济新闻》记者从业内获悉，博时基金董事长将更换，总经理张东或将接替江向阳出任公司董事长。 《每日经济新闻》记者从业内了解到，此次是江向阳的调任安排，调整之后，江向阳将赴招商局集团旗下招商局融资租赁有限公司任职，担任党委书记。 记者从中远海运发展官方微信公众号发现，今年10月10日更新的题为《合作交流 | 招商局融资租赁到访中远海运发展》的文章记载了江向阳的工作动态。 来源：中远海运发展微信公众号 内容提到，10月9日下午，招商局融资租赁有限公司党委书记江向阳一行到访中远海 ...

Core Viewpoint - The public fund industry is experiencing a significant increase in new fund issuance in the fourth quarter, driven by favorable macroeconomic conditions and supportive policies [1][2][3]. Group 1: New Fund Issuance - As of October, 94 new funds have been established, indicating a clear upward trend in new fund issuance [1]. - The issuance of new funds is crucial for the equity market as it directly influences the supply of funds [1]. Group 2: Policy Support - Regulatory bodies are emphasizing the importance of long-term investment and have simplified the approval process for new funds, enhancing issuance efficiency [1]. - Policies encouraging long-term capital inflow, such as increasing allocations from social security and pension funds to A-shares, create a favorable environment for new fund issuance [1]. Group 3: Market Attractiveness - The A-share market is becoming increasingly attractive due to improving corporate earnings and relatively low valuations compared to global markets [2]. - Structural opportunities in emerging industries like new energy, semiconductors, and biomedicine are providing investors with numerous high-quality investment targets [2]. - The ongoing internationalization of the A-share market and continuous foreign capital inflow are enhancing market activity and appeal [2]. Group 4: Product Innovation - The public fund industry is innovating continuously, introducing various fund types, including ETFs and quantitative funds, to meet diverse investor needs [3]. - Innovative fund products cater to different risk preferences and investment goals, stimulating new asset allocation demands and contributing to increased capital inflow into the A-share market [3]. Group 5: Outlook - The trend of new fund issuance is expected to continue in the fourth quarter, providing strong support for the stable development of the capital market and creating more investment opportunities for investors [3].

【导读】江向阳辞任博时基金董事长，张东正式接棒 中国 基金报记者 方丽 孙晓辉 基金行业"老五家"之一、管理规模超万亿元的博时基金，高管变更终于尘埃落定。 10月15日晚间，博时基金发布公告 称 ，江向阳因工作安排辞任博时基金董事长一职，转赴招商局融资租赁有限公司履新。而博时基金党 委书记、总经理张东，正式接任董事长，并自当日起代为履行总经理职务，实现高管团队平稳过渡。 江向阳自2015年7月起担任博时基金总经理，2020年4月接任董事长，执掌公司超十年，从刚接手时的3027亿元，到如今的超1. 8 万亿元 管理规模，他在博时基金的发展史上 留下了不可磨灭 的一笔。而"接任者"张东深耕金融行业超36年，在招商系工作长达31年，未来或给 博时基金带来新的精彩。 " 掌舵"博时超10年 | 代任高级管理人员职务 | 董事长(法定代表) | | --- | --- | | 代任高级管理人员姓名 | 张东 | | 4. 离任高级管理人员的相关信息 | | | --- | --- | | 离任高级管理人员职务 | 重事长 | | 离任高级管理人员姓名 | 江向阳 | | 离任原因 | 工作变动 | | 离任日期 | 2 ...

Core Insights - The article provides a ranking of open-end funds based on their net asset value growth as of October 15, 2025, highlighting the top and bottom performers in the market [2][4][6]. Fund Performance Summary - The top 10 funds with the highest net value growth include: 1. Penghua Hong Kong and Shanghai Emerging Growth Mixed A: Net value increased from 1.7121 to 1.8298, a growth of 6.3% [2]. 2. Penghua Hong Kong and Shanghai Emerging Growth Mixed C: Net value increased from 1.2561 to 1.3424, a growth of 6.9% [2]. 3. China Europe Manufacturing Upgrade Mixed Initiation C: Net value increased from 0.9904 to 1.0468, a growth of 5.9% [2]. 4. China Europe Manufacturing Upgrade Mixed Initiation A: Net value increased from 0.9911 to 1.0475, a growth of 5.5% [2]. 5. Nanhua Fengchun Mixed A: Net value increased from 1.7244 to 1.8223, a growth of 5.7% [2]. 6. Nanhua Fengchun Mixed C: Net value increased from 1.6386 to 1.7316, a growth of 5.7% [2]. 7. China Ocean Charm Yangtze River Delta Mixed: Net value increased from 3.3480 to 3.5290, a growth of 5.4% [2]. 8. Furong Fuxin Mixed A: Net value increased from 2.2843 to 2.4066, a growth of 5.3% [2]. 9. Furong Fuxin Mixed C: Net value increased from 2.2451 to 2.3653, a growth of 5.4% [2]. 10. Shanzheng Asset Management Reform Selected Mixed: Net value increased from 1.2579 to 1.3248, a growth of 5.3% [2]. - The bottom 10 funds with the lowest net value growth include: 1. Jinxin Industry Preferred Mixed C: Net value decreased from 2.6604 to 2.5938, a decline of 2.5% [4]. 2. Jinxin Industry Preferred Mixed A: Net value decreased from 2.6350 to 2.5691, a decline of 2.5% [4]. 3. Jinxin Stable Strategy Mixed C: Net value decreased from 2.1823 to 2.1279, a decline of 2.5% [4]. 4. Jinxin Stable Strategy Mixed A: Net value decreased from 2.1917 to 2.1371, a decline of 2.5% [4]. 5. Jinxin Selected Growth Mixed C: Net value decreased from 1.5697 to 1.5353, a decline of 2.2% [4]. 6. Jinxin Selected Growth Mixed A: Net value decreased from 1.5896 to 1.5548, a decline of 2.2% [4]. 7. Huian Runyang Three-Year Holding Mixed C: Net value decreased from 1.2179 to 1.1967, a decline of 1.8% [4]. 8. Huian Runyang Three-Year Holding Mixed A: Net value decreased from 1.2353 to 1.2138, a decline of 1.7% [4]. 9. Huian Yuyang Three-Year Holding Mixed: Net value decreased from 1.7569 to 1.7279, a decline of 1.7% [4]. 10. Huian Hongyang Three-Year Holding Mixed: Net value decreased from 1.4563 to 1.4324, a decline of 1.6% [4]. Market Trends - The Shanghai Composite Index opened high but closed lower, with a trading volume of 2.09 trillion, showing a market breadth of 4,333 gainers to 950 losers [6]. - Leading sectors included engineering machinery, communication equipment, and daily chemical products, each with gains exceeding 3% [6]. - Concepts such as immunotherapy and PEEK materials also saw gains over 3% [6]. - The worst-performing sectors were telecommunications and oil [6].

Core Viewpoint - The article highlights a significant surge in the issuance of equity funds, particularly active equity funds, in October, with notable fundraising achievements from several funds [1][2][3]. Fundraising Overview - Two major active equity funds, the E Fund Hong Kong Stock Connect Technology Mixed Fund and the Penghua Manufacturing Upgrade Mixed Fund, each raised nearly 2 billion yuan, marking them as the largest and second-largest active equity funds issued in October [2][3]. - As of October 15, 127 equity funds have raised over 1 billion yuan this year, with more than 70% being index funds, predominantly non-ETF products [2][4]. Active Equity Funds - Many large-scale active equity funds were established in the third quarter, with the largest being the CMB Balanced Optimal Fund, which raised 4.955 billion yuan and had 38,355 effective subscriptions [4]. - Other notable funds established in the third quarter include the Dacheng Insight Advantage Fund, E Fund Value Return Fund, and others, each raising over 2 billion yuan [4]. New Fee Structure Funds - Nearly 40 new floating fee structure funds have been established this year, raising over 42 billion yuan in total, with 16 of these funds exceeding 1 billion yuan in fundraising [5]. Index Funds Performance - Among the 127 equity funds that raised over 1 billion yuan, 90 are index funds, accounting for over 70% of the total, with 51 being non-ETF index funds [6]. - The top four funds by fundraising are all ETF-linked funds, with significant contributions from the Huaxia and E Fund series [6]. Emerging Fund Managers - The article notes that several large-scale index funds have been launched by both major firms and smaller public funds, indicating a diverse market landscape [7].

Core Insights - The total scale of ETFs reached 5.63 trillion yuan by the end of September, marking an increase of 1.32 trillion yuan in the third quarter alone, indicating a rapid growth in the ETF market [3][10]. ETF Market Overview - The ETF market is highly competitive, with 15 fund companies now part of the "billion club" [6][7]. - The leading companies include Huaxia Fund with over 900 billion yuan, E Fund with 860 billion yuan, and Huatai-PB Fund nearing 600 billion yuan [8][10]. Fund Company Rankings - The top three fund companies by ETF management scale are: 1. Huaxia Fund: 9035.095 billion yuan, an increase of 2453.432 billion yuan from the beginning of the year [5][11]. 2. E Fund: 8621.529 billion yuan, with a year-to-date increase of 2603.118 billion yuan [5][11]. 3. Huatai-PB Fund: 5978.834 billion yuan, up by 1277.79 billion yuan [5][11]. Second and Third Tier Players - Second-tier players include: - Southern Fund and Harvest Fund, both exceeding 3300 billion yuan [13]. - Other notable players are GF Fund, Fuguo Fund, and Guotai Fund, with scales between 2500 and 2800 billion yuan [15]. - Third-tier players include Huabao Fund, which has dropped to 10th place with a total scale of 1946 billion yuan, indicating a significant decline [15][16]. Noteworthy Trends - Fuguo Fund has doubled its ETF scale this year, reaching 2683 billion yuan, making it a significant player in the market [15][18]. - Tianhong Fund has shown slower growth this year, falling behind in the competitive landscape [21]. - The threshold for the top 20 players has shifted, with Dachen Fund replacing Ping An Fund in the rankings [23].

据了解，张东深耕金融行业超36年，在招商系工作长达31年，在财富管理领域的积淀尤为深厚，全程参 与和推动了招行财富管理体系的构建发展并形成了领先优势。 新京报贝壳财经讯(记者胡萌)10月15日，贝壳财经记者获悉，公募巨头博时基金"掌门人"正式变更。江 向阳因工作安排辞任公司董事长，博时基金党委书记、总经理张东正式接任公司董事长，同时自10月15 日代为履行公司总经理职务。 ...

【导读】正式官宣！新疆前海联合基金迎来新股东及新高管 前"宝能系"基金公司——新疆前海联合基金迎来了从实控人到高管的全面"换血"。 | 代任高级管理人员职务 | 董事长 | | --- | --- | | 代任高级管理人员姓名 | 贺国灵 | | 是否经中国证监会核准取得高管任 | | | 职资格 | | | 中国证监会核准高管任职资格的日 | | | 期 | | | 任职日期 | 2025-10-13 | 10月15日，新疆前海联合基金公告，上海证券有限责任公司依法受让该公司100%股权，成为全资控股股东，百联集团有限 公司成为该公司实际控制人。 与此同时，该公司前董事长、总经理、法定代表人均已卸任，原上海证券资产管理总部总经理贺国灵新任该公司总经理， 并代任董事长。 新疆前海联合基金 迎来新股东及新高管 国庆前夕，证监会核准上海证券有限责任公司成为新疆前海联合基金管理有限公司主要股东。同时，核准百联集团有限公 司成为前海联合基金实际控制人；对上海证券依法受让前海联合基金20000万元人民币出资（占注册资本比例100%）无异 议。 10月15日，新疆前海联合基金也正式公告，上海证券依法受让该公司100%股权 ...

Group 1 - Xinjiang Qianhai United Fund has undergone a complete leadership change, with Shanghai Securities becoming the sole shareholder and Baillie Group as the actual controller [1][2] - The new general manager and legal representative is He Guoling, who has over 20 years of experience in the financial industry [3][4] - The previous chairman and general manager have resigned due to work arrangements [4] Group 2 - The approval from the China Securities Regulatory Commission (CSRC) for Shanghai Securities to acquire 100% equity of Xinjiang Qianhai United Fund was granted before the National Day holiday [2] - The trend in the asset management industry shows a shift towards acquiring existing fund companies or establishing new ones due to tightening regulations on public fund licenses [5] - The flexibility in employee compensation and equity incentives in newly established fund companies is crucial for attracting top investment research talent [6]

Core Viewpoint - Xinjiang Qianhai United Fund has undergone a complete leadership change, with Shanghai Securities becoming the sole shareholder and Baillan Group as the actual controller [2][4]. Group 1: Shareholder and Management Changes - On October 15, Xinjiang Qianhai United Fund announced that Shanghai Securities has legally acquired 100% of the company's shares, making it the wholly-owned controlling shareholder, while Baillan Group has become the actual controller [4]. - The previous chairman, general manager, and legal representative of Xinjiang Qianhai United Fund have all resigned, with He Guoling appointed as the new general manager and acting chairman [4][6]. Group 2: New Management Profile - He Guoling has over 20 years of experience in the financial industry, having held various positions in banks, public funds, and securities asset management [5]. - Prior roles include positions at Luoyang Bank, Ping An Bank, Guohai Franklin Fund Management, and Huatai Baoxing Fund Management, culminating in her role as co-general manager of the asset management headquarters at Shanghai Securities before joining Xinjiang Qianhai United Fund [5]. Group 3: Industry Context - The tightening of public fund license applications has led many securities asset management firms to withdraw their applications and instead pursue the establishment or acquisition of existing fund companies [8][9]. - Shanghai Securities had previously considered establishing a separate asset management subsidiary to apply for a public fund license but ultimately opted for the full acquisition route [9]. - The current environment suggests that acquiring an existing fund company is a more straightforward path for medium to large securities firms looking to enter the public fund sector, despite the significant capital investment required [9].