| HK 01810 | 04.1 JIL | 21.1416 | +7.61 Z | | --- | --- | --- | --- | | 中芯国际 | 31.68 乙 | 18.82亿 | 50.50亿 | | HK 00981 | | | +12.86亿 | | 腾讯控股 | 26.66亿 | 18.03亿 | 44.69亿 | | HK 00700 | | | +8.63 乙 | | 来可未营体 HK 01347 | 17.99亿 | 12.39 乙 | 30.38亿 | | | | | +5.60 乙 | | 盈富基金 | 21.01亿 | 2683.27万 | 21.28亿 | | HK 02800 | | | +20.75亿 | | 美团-W | 9.741Z | 4.62亿 | 14.36亿 | | HK 03690 | | | +5.12 乙 | | 中兴通讯 | 8.33亿 | 5.35亿 | 13.68 乙 | | HK 00763 | | | +2.97 乙 | | 药明生物 | 4.28亿 | 6.96亿 | 11.24亿 | | HK 02269 | | | -2.68 Z- | ...

Group 1 - The ETF market is experiencing rapid growth, attracting more fund companies to enter and expand their product lines, including the recent launch of innovative ETFs such as the first batch of Sci-Tech Bond ETFs and Sci-Tech Composite Index ETFs [1][4] - Major fund companies known for active equity investment are increasingly focusing on ETF business, with notable entries from firms like Xingzheng Global Fund and Jiao Yin Schroder Fund, which have recently submitted their first ETF applications [2][3] - The competitive landscape of ETFs shows a significant concentration of assets, with 15 fund managers having ETF management scales exceeding 100 billion yuan, collectively accounting for nearly 90% of the total market size [3] Group 2 - The introduction of new products continues, with a notable expansion in both broad-based and thematic equity ETFs, providing investors with a wider array of investment tools [4] - The bond ETF segment is also rapidly developing, with multiple batches of credit bond ETFs launched this year, indicating strong market demand and growth potential [4] - Several fund companies are preparing to report constant equity-bond ETFs, reflecting a trend towards diversified asset allocation tools for investors [5] Group 3 - The ETF ecosystem is evolving into a new stage, focusing on providing integrated solutions that combine products, strategies, and services, driven by technological advancements [7] - The essence of ETFs as tools is emphasized, with a shift from merely expanding product numbers to offering scenario-based solutions that enhance investor experience [7] - The need for product matrix upgrades is highlighted, with a call for more innovative ETF products to meet investor demands for risk management and stable returns [7][6]

Group 1 - The article discusses the trend of fund managers transitioning to roles as company secretaries in listed companies, indicating a shift beyond asset management [1][4] - Jiang Ying has been appointed as the new company secretary of Luoxin Pharmaceutical, marking a notable case of a fund manager moving into this role [2][3] - Jiang Ying has a strong academic background with dual degrees in Science and Economics from Peking University, and a Master's in Management and Finance from Hong Kong University, but lacks prior experience as a company secretary [3] Group 2 - Luoxin Pharmaceutical reported a revenue of 1.077 billion yuan for the first half of 2025, a year-on-year decrease of 14.45%, while achieving a net profit of 17.695 million yuan, indicating a turnaround from losses in the previous year [4] - The company has faced significant performance fluctuations in recent years, attributed to factors such as the COVID-19 pandemic, impairment provisions, and adjustments in financial liabilities [4] - The trend of hiring former financial professionals as company secretaries has been noted, with examples including Wang Shangbo from Hongtu Innovation Fund and Liu Haoyu from Dongwu Fund, who have transitioned to roles in listed companies [4]

Group 1 - The A-share market has shown strong performance, leading to a surge in fund issuance and subscription, with 52 new funds starting subscription this week, a significant increase of over 116% compared to the previous week [1] - The average subscription period for new funds has shortened to 12.73 days, indicating an increased willingness among investors to allocate to equity assets [1] - The strong performance of the A-share market and the impressive average return of 25.93% for actively managed equity products in the third quarter have boosted investor confidence [1] Group 2 - Equity products dominate the new fund issuance, with 43 out of 52 new funds being equity-based, accounting for over 80% of the total [1] - Passive index equity funds have become mainstream, with 23 such products issued this week, driven by their low cost and high transparency [2] - Mixed funds saw 11 products launched, with 10 being equity-oriented, allowing for flexible positioning to capture structural market opportunities [2] Group 3 - A total of 40 institutions launched new funds this week, with 32 institutions introducing only one product each, while 8 institutions issued two or more products, including major firms like Huaxia Fund and Huitianfu Fund [3]

【 导读 】 基金经理 转型 已 不局限在资管领域， 前国泰基金经理被聘为上市药企董秘 中国基金报记者 储是 10月13日， 罗欣药业发布关于聘任董事会秘书的公告， 显示 聘任姜英为董事会秘书。 公告未披露新任董秘姜英的 薪酬 情况， 前任董秘韩风生2024年薪酬为84.57万元 。 资料显示， 姜英 出生于 1987年，为 北京大学理学、经济学双学位本科，北京大学管理学硕 士及香港大学金融学硕士。 姜英 曾主要任职于国金证券资产管理分公司、光大保德信基金担 任分析师，于国泰基金担任分析师、基金经理助理、基金经理，无上市公司董秘工作经验。 | NEW YORK | 2 11 12 11 11 11 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 열매요이 | 代目 | 产品名称 | 特色同盟 | 田原田町 | NEED | 8000 | 年代回报 | 国际网站 | | 工作品 | 506000.01 | 国泰国际娱乐平台官 | 保障局合量 | 2002-02-18 | 2024-12-24 | -12-43% ...

Core Insights - The article provides a ranking of open-end funds based on their net asset value growth as of October 13, 2025, highlighting the top and bottom performers in the market [2][4][7]. Fund Performance Summary - The top 10 funds by net value growth include: 1. New沃中债0-3年政策性金融债指数C with a net value of 1.1510, up from 0.9576, showing a growth of 0.19 [2] 2. 中航混改精选C with a net value of 0.9290, up from 0.8608, showing a growth of 0.06 [2] 3. 中航混改精选A with a net value of 0.9511, up from 0.8813, showing a growth of 0.06 [2] 4. 前海开源沪港深核心资源混合A with a net value of 5.3980, up from 5.0340, showing a growth of 0.36 [2] 5. 前海开源沪港深核心资源混合C with a net value of 5.3440, up from 4.9840, showing a growth of 0.36 [2] 6. 汇安润阳三年持有期混合A with a net value of 1.2987, up from 1.2122, showing a growth of 0.08 [2] 7. 汇安润阳三年特有期混合C with a net value of 1.2804, up from 1.1952, showing a growth of 0.08 [2] 8. 汇安泓阳三年持有期混合 with a net value of 1.5301, up from 1.4320, showing a growth of 0.09 [2] 9. 汇安行业龙头混合A with a net value of 2.6972, up from 2.5268, showing a growth of 0.17 [2] 10. 汇安行业龙头混合C with a net value of 2.6861, up from 2.5165, showing a growth of 0.16 [2] - The bottom 10 funds by net value growth include: 1. 同泰竞争优势混合C [4] 2. 同泰竞争优势混合A [4] 3. 中航趋势领航混合发起C [4] 4. 中航趋势领航混合发起A [4] 5. 长城新兴产业混合C [4] 6. 长城新兴产业混合A [4] 7. 英大灵活配置B [4] 8. 中欧制造升级混合发起C [4] 9. 英大灵活配置A [4] 10. 中欧制造升级混合发起A [4] Market Analysis - The Shanghai Composite Index opened significantly lower but experienced a slight recovery, closing with a trading volume of 2.37 trillion, with a stock performance ratio of 1684 gainers to 3634 losers [7]. - Leading sectors included mineral products and non-ferrous metals, both showing gains exceeding 3%, while the automotive and component sectors faced declines over 2% [7]. - The fund 中航混改精选C demonstrated rapid net value growth, indicating a shift in investment strategy towards resource sectors, particularly rare earth magnets, as opposed to its previous focus on real estate [8].

Core Viewpoint - The A-share market is experiencing a short-term correction due to U.S.-China tariff news, but the long-term upward trend remains intact, providing good investment opportunities for long-term investors [1][3][4]. Market Performance - On October 13, the Shanghai Composite Index fell by 0.19% to 3889.5 points, while the Shenzhen Component and ChiNext Index dropped by 0.93% and 1.11%, closing at 13231.47 points and 3078.76 points respectively [3][4]. - Year-to-date, the Shanghai Composite Index has increased by 16.04%, with the Shenzhen Component and ChiNext Index rising by 27.05% and 43.76% respectively [6]. Fund Performance - The average return of actively managed equity funds has exceeded 30% year-to-date, with over 40 funds achieving "doubling" returns [5][6]. - Notable funds include Yongying Technology Select Mixed A/C with a return of 187.86%, and China Europe Digital Economy Mixed A/C with returns of 132.39% [6][7]. Investment Strategy - Analysts suggest that the current market correction is a technical adjustment, providing a good opportunity for long-term investors to enter the market through systematic investment plans [4][9]. - It is recommended that investors maintain a neutral position and avoid excessive concentration in equity assets, while focusing on high-quality funds with stable long-term performance [9].

星帅尔（002860）(002860.SZ)公告，公司与上海电科股权投资基金管理有限公司(简称"上电科基金")、 上海电器科学研究所(集团)有限公司(简称"上电科")签署了《上海上电科星帅尔私募投资基金合伙企业 (有限合伙)合伙协议》，共同投资设立上海上电科星帅尔私募投资基金合伙企业(有限合伙)(简称"上电 科星帅尔投资基金")。上电科星帅尔投资基金规模为人民币1亿元，其中公司作为有限合伙人以自有资 金认缴出资人民币9000万元，持有合伙企业90%的合伙份额。合伙企业拟主要投资核心零部件和其他科 技项目。 ...

Core Points - The Hang Seng Index fell by 1.52% on October 13, closing at 25,889.48 points, while southbound funds through the Stock Connect recorded a net inflow of HKD 19.804 billion [1] - The total trading volume for the Stock Connect on October 13 was HKD 227.017 billion, with a net buy of HKD 19.804 billion [1] - Active stocks in the Shanghai Stock Connect included Alibaba-W, which had the highest trading volume at HKD 22.610 billion, followed by SMIC and Xiaomi Group with HKD 12.670 billion and HKD 9.133 billion respectively [1] - The top net buy stock was the Tracker Fund of Hong Kong, with a net inflow of HKD 5.208 billion, despite its closing price dropping by 1.56% [1] - Tencent Holdings had the highest net sell amount at HKD 3.308 billion, with a closing price decrease of 1.92% [1] Trading Activity Summary - In the Shenzhen Stock Connect, Alibaba-W led with a trading volume of HKD 9.688 billion, followed by Xiaomi Group and SMIC at HKD 6.189 billion and HKD 5.050 billion respectively [2] - The Tracker Fund of Hong Kong recorded a net buy of HKD 2.075 billion, while the highest net sell was for Innovent Biologics at HKD 0.515 billion, with a closing price drop of 4.20% [2] - The trading data for the top active stocks included significant fluctuations in net buy and sell amounts, indicating varied investor sentiment [2]

Core Viewpoint - The resignation of He Yanping, the general manager of Western Lide Fund, is attributed to "age retirement" and is not related to the gambling incident involving fund manager Xie Wenzeng [1][2][4]. Group 1: Management Changes - He Yanping officially retired on October 4, 2023, after being confirmed for retirement prior to the gambling incident [1][2]. - The company has appointed He Fang, the current chairman, as the acting general manager following He Yanping's departure [2][3]. Group 2: Gambling Incident - Xie Wenzeng, a fund manager at Western Lide Fund, was caught gambling in a Shanghai hotel on September 7, 2023, leading to his dismissal on September 25, 2023 [2][4]. - The timing of He Yanping's retirement and Xie Wenzeng's incident has led to speculation, but the company clarified that the two events are unrelated [1][2]. Group 3: Company Background - Western Lide Fund is a state-controlled fund management company, established on July 20, 2010, with a registered capital of 370 million RMB [3]. - The company is primarily owned by Western Securities (51%) and Lide Technology Co., Ltd. (49%) [3]. Group 4: Product Structure and Performance - The fund has a high proportion of fixed-income products, consistent with its "brokerage system" background, with total fund assets amounting to 116.95 billion RMB, including 23.61 billion RMB in money market funds and 78.90 billion RMB in bond funds [4][5]. - Since He Yanping took over as general manager on November 16, 2015, the company's non-monetary assets have increased from 9.37 billion RMB to 93.32 billion RMB [4]. - The company has launched 16 new funds since 2025, with only three being pure bond funds, indicating a shift towards index funds and a need for improvement in equity fund management [5].