Group 1 - The proposed fund manager, Ma Lei, has been with Huatai-PineBridge Fund Management Co., Ltd. since July 2018, focusing on the electronics and communications sector [1] - From March 21, 2022, to August 7, 2023, Ma Lei served as the assistant fund manager for the Huatai-PineBridge CSI Chip Industry Index Enhanced Fund [1] - As of April 30, 2024, Ma Lei will officially take on the role of fund manager and currently manages a total of 16 funds [1]

Announcement Basic Information - Starting from January 21, 2026, the company will adjust the large subscription (including conversion, regular investment) business for the Class A shares of the Caizheng Asset Management Hongfu Short-Debt Bond Fund at China Merchants Bank Co., Ltd. (Zhaoying Tong) [1] - For non-individual investors, any single subscription amount exceeding RMB 150 million will be subject to rejection for the excess amount. If multiple subscriptions exceed this limit, they will be processed in descending order until the total does not exceed RMB 150 million [1] - The large subscription business will resume on January 22, 2026, with a new limit of RMB 10 million for non-individual investors [1] Other Important Notes - During the suspension of the above-related business, redemption and other services will continue as usual [2] - Investors are advised to plan their investments reasonably and can find detailed information about the fund on the management company's website [2]

招商证券资产管理有限公司董事会及董事保证旗下基金季度报告所载资料不存在虚假记载、误导性陈述 或重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 本公司旗下14只基金的2025年4季度报告全文于2026年1月21日在本公司网站 （https://amc.cmschina.com）和中国证监会基金电子披露网站（http://eid.csrc.gov.cn/fund）披露，供投资 者查阅。具体基金明细如下： ■ 如有疑问可拨打本公司客服电话（95565）咨询。 本基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈利，也不保 证最低收益。请充分了解基金的风险收益特征，审慎做出投资决定。 特此公告 招商证券资产管理有限公司 2026年1月21日 ...

睿远基金管理有限公司（以下简称"本公司"）董事会及董事保证公司旗下全部基金2025年第四季度报告 所载资料不存在虚假记载、误导性陈述或重大遗漏，并对其内容的真实性、准确性和完整性承担个别及 连带责任。 本基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈利，也不保 证最低收益。请充分了解基金的风险收益特征，审慎做出投资决定。 特此公告。 睿远基金管理有限公司 2026年1月21日 MACD金叉信号形成，这些股涨势不错！ 本公司旗下2025年第四季度报告报告的基金如下： ■ 注：基金代码为基金的主代码。 上述基金2025年第四季度报告全文于2026年1月21日在本公司网站(http://www.foresightfund.com)和中国 证监会基金电子披露网站（http://eid.csrc.gov.cn/fund）披露，供投资者查阅。如有疑问可拨打本公司客 服电话（400-920-1000）咨询。 ...

本公司董事会及董事保证旗下基金2025年第4季度报告所载资料不存在虚假记载、误导性陈述或重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 兴合基金管理有限公司旗下： 风险提示：本基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈 利，也不保证最低收益。基金的过往业绩并不预示其未来表现。投资有风险，请投资人在作出投资决策 前仔细阅读基金的招募说明书。 特此公告。 兴合基金管理有限公司 2026年1月21日 1、兴合锦安利率债债券型证券投资基金 上述基金的2025年第4季度报告全文于2026年1月21日在本公司网站（http://www.xhfund.com）和中国证 监会基金电子披露网站（http://eid.csrc.gov.cn/fund）披露，供投资者查阅。如有疑问可拨打客户服务电 话（400-997-0188）咨询。 ...

Core Viewpoint - The launch of the CSOP Asset Management Southbound CSI A500 Index ETF on the Singapore Exchange marks a significant step in enhancing cross-border investment opportunities between Singapore and China, providing investors with a convenient channel to access the Chinese A-share market [1][2]. Group 1: ETF Overview - The ETF tracks the CSI A500 Index, which is recognized as a new mainstream benchmark for the Chinese A-share market, selecting 500 of the largest and most liquid companies across 89 industries [1]. - The CSI A500 Index includes industry leaders with strong profitability and resilient long-term growth characteristics, with a high allocation to innovation-driven sectors such as technology hardware and advanced manufacturing, where the weight of "new productivity" related industries exceeds 50% [1]. Group 2: Market Impact and Growth - The ETF is the 11th ETF launched under the Singapore-China ETF cross-border connectivity mechanism and the 6th under the Shenzhen-Singapore framework, highlighting the commitment of the Singapore Exchange Group to expand cross-border connectivity [2]. - The total number of ETFs listed on the Singapore Exchange has increased to 51, with total assets under management exceeding SGD 18 billion, reflecting a 37% year-on-year growth in total assets and a 69% increase in average daily trading volume compared to the previous year [2].

中证报中证网讯（记者 魏昭宇）近日，财通资管发布公告称，财通资管量化选股股票型发起式证券投 资基金将于1月26日启动募集。据悉，此次新发产品为财通资管旗下首只全市场量化基金，将延续科学 与纪律并重的量化投资框架，通过精细化的因子挖掘与策略优化，在把握市场结构性机会的同时严控风 险，力求为投资者提升长期投资获得感。 当前市场积极信号频现，基本面持续夯实向好。2025年二季度以来，居民消费价格指数（CPI）与工业 生产者出厂价格指数（PPI）实现同步回升，经济复苏趋势逐步明晰。流动性层面，A股市场稳步宽松 的格局延续，市场信心持续提振。政策红利的持续释放亦为市场提供支撑，"十五五"规划明确锚定科技 创新与未来产业两大核心方向，市场分析认为，这一政策导向为量化投资策略提供了兼具结构性机会与 选股纵深的市场环境，有助于量化策略优势的发挥。 数据显示，统计全市场295只主动型量化基金来看，截至2025年底，主动型量化基金近三年平均收益率 达到31%，高于同期非量化普通股票型基金25%的平均收益率水平。 据介绍，财通资管此次新发的量化选股股票基金以"量化多因子选股+全流程风控"为核心架构，通过搭 建具备持续进化能力的模型 ...

2026年开年以来，商业航天领域资本热潮强势涌动，相关概念股表现活跃。不过，在持续"高歌猛 进"后，近日板块又有所降温。那么，商业航天这一波行情，究竟是短期发酵，还是长期趋势？后续需 注意防范哪些风险？近日，长城久嘉基金经理尤国梁做客央视财经直播间，围绕这些投资者关注的核心 话题展开了深度交流。 尤国梁表示，连续大涨之后，板块震荡调整属于正常现象，并不代表趋势终结，后续仍有诸多利好事件 等待兑现。 判断的依据之一就是看前期行情的上涨是否有重大产业趋势推动，产业趋势上升期核心企业基本面多数 会随着产业发展在未来得到改善，回调多为阶段性调整，否则要防范出现长期风险。考虑到国内商业航 天的产业趋势刚迎来向上拐点，我们认为本轮行情就此结束的概率较小，当然这一判断要结合后续对产 业进展及市场变化的持续跟踪。 免责声明：本通讯所载信息来源于本公司认为可靠的渠道和研究员个人判断，但本公司不对其准确性或 完整性提供直接或隐含的声明或保证。此通讯并非对相关证券或市场的完整表述或概括，任何所表达的 意见可能会更改且不另外通知。此通讯不应被接受者作为对其独立判断的替代或投资决策依据。本公司 或本公司的相关机构、雇员或代理人不对任何 ...

Core Viewpoint - The article emphasizes the positive momentum in the A-share market, driven by key events such as the Shanghai Composite Index breaking critical levels and trading volume exceeding 30 trillion, which has boosted market confidence and set a solid foundation for the spring market rally [1]. Group 1: Fund Overview - The Silver Hua Smart Mixed Fund (A Class: 026261, C Class: 026262) is currently being issued, managed by seasoned investor Fang Jian, aiming to help investors capitalize on growth opportunities until 2026 [1]. - The fund employs a floating management fee structure, which aligns the interests of the fund manager with those of the investors, allowing for shared risks and rewards based on performance [1]. Group 2: Manager's Investment Philosophy - Fang Jian, with over 13 years of experience in the securities industry and more than 10 years in investment management, focuses on long-term absolute returns within a growth stock investment framework [2]. - His investment style is characterized by deep research and a long-term perspective, aiming to buy high-potential companies at reasonable prices and hold them to share in their growth dividends [2]. Group 3: Fund Performance - The Silver Hua Hui Xiang Three-Year Regular Open Mixed Fund has achieved a net value growth of 55.51% over the past year, significantly outperforming its benchmark growth rate of 16.46% [3]. - Since its inception on December 5, 2023, the fund has seen a cumulative net value increase of 71.74%, achieving an excess return of 37.94% compared to its benchmark [3]. - Other funds managed by Fang Jian, such as the Silver Hua Integrated Circuit Mixed A and Silver Hua New Growth Mixed A, have also shown impressive performance, with net value growth exceeding 60% over the past year [3].

Group 1 - The core idea of the news is that traditional low-risk investment products are becoming less attractive, prompting investors to reconsider their risk preferences and explore "fixed income +" products that balance stability and potential returns [1][2] - "Fixed income +" products aim to achieve a better balance between risk and return, targeting yields that exceed pure bond products through diversified asset allocation [2][6] - The strategy involves using bonds as a base asset while incorporating a wide range of higher-yielding assets that can hedge against bond risks, such as stocks and convertible bonds [2][6] Group 2 - Historical performance indicates that "fixed income +" funds, such as the偏债混合型基金指数 (885003), have shown relatively stable returns with lower volatility compared to equity funds, making them suitable for long-term holding [3][4] - The past decade's performance data shows that the偏债混合型基金指数 has a total return of 48.47% with a maximum drawdown of -7.58%, indicating a favorable risk-return profile [4] - The "fixed income +" strategy is gaining traction among asset management firms, with companies like 东方红资产管理 developing systematic and refined multi-asset collaborative allocation systems [6][7] Group 3 - 东方红's "fixed income +" products are managed by a unified team, emphasizing collaborative asset allocation rather than a simple mix of assets, aiming to minimize risk exposure while maximizing risk-adjusted returns [7][8] - The management approach involves dynamic adjustments based on macroeconomic trends and asset performance, ensuring a balanced risk profile across different asset classes [8][9] - The firm has established a comprehensive product line that caters to various investor needs, including different risk-return profiles and investment strategies [12][13] Group 4 - The "fixed income +" strategy includes three main approaches: convertible bond enhancement, balanced enhancement, and quantitative allocation, each designed to capture different investment opportunities [13][16] - The convertible bond enhancement strategy focuses on investing in convertible bonds while controlling downside risks, aiming to leverage potential upside [14][15] - The balanced enhancement strategy seeks to achieve stable returns by diversifying across stocks and convertible bonds, while the quantitative allocation strategy employs strict risk management to optimize returns [16][17]