Core Viewpoint - The appointment of Jiang Ying as the new Secretary of the Board at Luoxin Pharmaceutical marks a trend of fund managers transitioning into corporate governance roles, highlighting the increasing intersection between investment management and corporate leadership [1]. Company Summary - Luoxin Pharmaceutical announced the resignation of its Secretary of the Board, Han Fengsheng, due to job relocation, and appointed Jiang Ying, a former fund manager, as the new Secretary [1]. - Jiang Ying has a strong educational background with dual degrees in Science and Economics from Peking University, a Master's in Management from Peking University, and a Master's in Finance from the University of Hong Kong [2]. - Jiang Ying has four years of experience managing public funds, overseeing three fund products, including Guotai Jinniu Innovation Growth Mixed Fund, Guotai Science and Technology Innovation Board Two-Year Open Mixed Fund, and Guotai Small and Medium Cap Growth Mixed Fund [3]. Fund Management Performance - The funds managed by Jiang Ying have shown poor performance during her tenure, with returns of -7.01% for Guotai Jinniu Innovation Growth, -12.48% for Guotai Science and Technology Innovation Board Two-Year Open, and -34.28% for Guotai Small and Medium Cap Growth [4]. - The peak management scale reached 2.59 billion yuan in Q1 2022, but it has since declined, with Jiang Ying set to leave her last fund on December 24, 2024, for personal reasons [4]. Compensation and Future Outlook - The previous Secretary of the Board, Han Fengsheng, had an annual salary of 845,700 yuan, raising questions about Jiang Ying's future performance and compensation [5].

Group 1: US Macroeconomic Data - The US government has been shut down since October 1, 2025, due to the failure to pass a temporary funding bill, leading to heightened US-China trade tensions [1] - The University of Michigan's consumer confidence index for October recorded at 55, slightly above the expected 54 but below the previous value of 55.1 [1] - The one-year inflation expectation for October is at 4.6, slightly lower than the expected 4.7 and the previous 4.7, while the five-year inflation expectation remains stable at 3.7 [1] Group 2: Major Index Performance - For the week of October 6-10, the S&P Oil & Gas Index fell by 6.94%, the Nasdaq 100 Index decreased by 2.27%, and the S&P 500 Index dropped by 2.43%, with only two of the eleven sectors showing gains [1] Group 3: Market Outlook and Investment Direction - The threat of tariffs from Trump has triggered risk-averse trading, leading to declines in US stocks and a rise in gold prices [3] - The impact of the tariffs on US-China trade and economy is considered less significant compared to April, with market reactions being more desensitized [3] - There are ongoing discussions within the Federal Reserve regarding future interest rate paths, indicating a divergence of opinions [3]

责任编辑：石秀珍 SF183 专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 MACD金叉信号形成，这些股涨势不错！ ...

专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 ...

Market Overview - The three major indices experienced fluctuations and declines, with the Shanghai Composite Index down by 0.62%, the Shenzhen Component down by 2.54%, and the ChiNext Index down by 3.99% [1][4] - The banking sector ETFs showed resilience, with several ETFs in this category rising, including the Bank ETF Index Fund (516210.SH) up by 2.62%, the Bank ETF Leader (512820.SH) up by 2.61%, and the Bank ETF Southern (512700.SH) up by 2.58% [1][12] ETF Market Dynamics - New players are entering the ETF market, with several fund companies focusing on active equity investments launching new ETFs, such as the Xingzheng Global CSI 300 Quality ETF and the Jiao Yin Schroder CSI Smart Selection Hong Kong and Shanghai Technology 50 ETF [2] - The scale of gold ETFs has surpassed 200 billion yuan, with five gold-themed ETFs exceeding 10 billion yuan in scale, led by the Huaan Gold ETF at 74.467 billion yuan [3] Sector Performance - In terms of sector performance, the banking, coal, and food and beverage sectors ranked highest today, with daily gains of 2.51%, 2.18%, and 1.69% respectively [8] - Conversely, the communication, electronics, and non-ferrous metals sectors lagged, with daily declines of 4.98%, 4.64%, and 3.66% respectively [8] ETF Performance by Category - Among different categories of ETFs, commodity ETFs performed the best with an average daily gain of 0.76%, while thematic stock index ETFs had the worst performance with an average daily decline of 2.68% [9] - The top-performing ETFs included the Shanghai 180 ETF Index (510040.SH) with a daily gain of 3.02%, the Low Volatility Dividend ETF (560890.SH) up by 2.85%, and the Wine ETF (512690.SH) up by 2.77% [11][12] Trading Volume Insights - The trading volume for ETFs showed significant activity, with the top three stock ETFs by trading volume being the Sci-Tech 50 ETF (588000.SH) at 7.544 billion yuan, the ChiNext ETF (159915.SZ) at 7.242 billion yuan, and the Sci-Tech Chip ETF (588200.SH) at 6.326 billion yuan [14][15]

专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 ...

MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 ...

Core Viewpoint - International gold prices have been rising, with COMEX gold futures reaching a peak of $4,190.9 per ounce on October 14, before settling at $4,140.9 per ounce later in the day [1] Group 1: Gold Price Movement - As of October 14, gold prices have shown a significant upward trend, with a peak price of $4,190.9 per ounce recorded during intraday trading [1] - After reaching the peak, gold prices quickly retreated, closing at $4,140.9 per ounce by 16:14 Beijing time [1] Group 2: Gold-themed ETFs - The total scale of gold-themed ETFs has surpassed 200 billion yuan as of October 14 [1] - Five gold-themed ETFs have scales exceeding 10 billion yuan, indicating strong investor interest [1] - The Huaan Gold ETF leads with a scale of 74.467 billion yuan, followed by other notable ETFs such as Bosera Gold ETF, Guotai Gold Fund ETF, Yongying Gold Stock ETF, and E Fund Gold ETF [1]

Core Insights - The article discusses the high-quality development of public funds in Beijing, emphasizing the themes of a new era, new funds, and new value [1] Group 1 - The MACD golden cross signal has formed, indicating a positive trend for certain stocks [1]

专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 ...