每日｜荐读 论坛： 2025母基金年度论坛圆满举办：内地携手香港，共话科创时代中国力量 荐读： 重新发现香港：科创时代的新蓝图 榜单： 「2025投资机构软实力排行榜」正式发布 热文： 今天，LP、GP都往厦门飞 截至目前，中葡经贸发展基金已完成首个投资项目的投资决策，并储备一批具有中葡合作特色的优质项目，正按计划推动相关立项及投资决策工作。 来源：横琴在线 中葡经贸发展基金于今年7月21日成立，并于8月27日完成备案。基金由中金资本运营有限公司担任基金管理人。横琴引导基金与横琴深合投资共同 出资设立，总规模为10.01亿元人民币。其中，横琴引导基金出资4亿元，占比39.96%；深合投资出资6亿元，占比59.94%；中金资本出资100万元， 占比约0.1%。 为贯彻落实国家"十四五"规划中"扩展中国与葡语国家商贸合作服务平台功能"的部署，推动横琴粤澳深度合作区建设成为中国与葡语（西语）国家经 贸合作重要枢纽，合作区设立中葡中西经贸产业发展投资基金（广东横琴）合伙企业（有限合伙），以服务中国——葡语（西语）国家经济贸易服务 中心的发展。 中葡经贸发展基金作为中国——葡语（西语）国家经济贸易服务中心的重要投融资载 ...

Group 1 - The "Hubei Province Xianning Changzheng High-tech Industry Investment Fund" has completed registration with the China Fund Industry Association, marking the official operation of the first regional mother fund in the province following the introduction of the "Hubei Province Reconstruction of Government-guided Fund System Work Plan" [2] - The fund has a total scale of 3 billion yuan, with contributions from Xianning High-tech Investment Group and Changjiang Securities' Changjiang Growth Capital, showcasing a strong collaboration between government and enterprises [2] - The fund aims to follow a model of "government guidance + professional management + market operation" to effectively link fiscal funds with social capital and support industrial development [2] Group 2 - The fund is aligned with Xianning's "5+4" modern industrial system, focusing on key and emerging industries such as health, electronic information, green energy, and new materials, employing a "direct investment + sub-fund" dual-track strategy [3] - The direct investment segment has already reached a 200 million yuan investment intention with five companies, while the sub-fund segment has signed a 2 billion yuan cooperation agreement with institutions like Jiuzhou Science Investment and Shenzhen Capital Group [3] - The fund is working to establish a "city-county-district" three-level capital linkage system [3]

Core Viewpoint - The trading volume of the Shenzhen 100 Index ETFs increased significantly today, with a total trading volume of 369 million yuan, marking a 38.86% increase compared to the previous trading day [1] Trading Volume Summary - The E Fund Shenzhen 100 ETF (159901) had a trading volume of 322 million yuan, up 117 million yuan from the previous day, representing a 56.88% increase [1] - The China Merchants Shenzhen 100 ETF (159975) recorded a trading volume of 3.37 million yuan, an increase of 2.69 million yuan, with a remarkable 395.57% rise [1] - The Great Wall Shenzhen 100 ETF (159216) saw a trading volume of 1.17 million yuan, up 819,200 yuan, reflecting a 236.62% increase [1] Market Performance Summary - As of market close, the Shenzhen 100 Index (399330) fell by 1.29%, while the average decline for related ETFs was 1.18% [1] - The ETFs with the largest declines included the GF Shenzhen 100 ETF (159576) and the Rongtong Shenzhen 100 ETF (159219), which dropped by 1.60% and 1.44%, respectively [1]

Core Insights - The trading volume of the CSI Small Cap 500 Index ETF reached 4.167 billion yuan today, an increase of 1.017 billion yuan from the previous trading day, representing a growth rate of 32.27% [1] Trading Volume Summary - The Southern CSI 500 ETF (510500) had a trading volume of 2.863 billion yuan, up 666 million yuan from the previous day, with a growth rate of 30.31% [1] - The Harvest CSI 500 ETF (159922) recorded a trading volume of 623 million yuan, an increase of 200 million yuan, with a growth rate of 47.19% [1] - The Huaxia CSI 500 ETF (512500) saw a trading volume of 338 million yuan, up 113 million yuan, with a growth rate of 50.27% [1] - The Huitianfu CSI 500 Enhanced Strategy ETF (560950) and the 500 Index Increase ETF (561550) had significant increases in trading volume of 130.73% and 100.22%, respectively [1] Market Performance Summary - As of market close, the CSI Small Cap 500 Index (000905) fell by 0.29%, while the average decline for related ETFs was 0.44% [1] - The Guolian CSI 500 ETF (515550) was among the few that increased, rising by 0.12% [1] - The largest declines were seen in the Bosera CSI 500 Enhanced ETF (159678) and the Guoshou Anbao CSI 500 ETF (510560), which fell by 1.28% and 1.07%, respectively [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 保护投资者特别是中小投资者的合法权益，是维护金融市场稳定、推动资本市场健康发展的重要基石。 在公募基金高质量发展在行动专项工作指引下，为切实守护居民金融安全，有效防范鹤打击非法金融活 动，10月11日，工银瑞信投教基地联合睦邻工作事务所深入社区一线，走进西城区旧鼓楼大街开展"金 融知识进社区，风险防范护万家"主题投教活动，通过面对面宣讲将理性投资理念、防非技巧以及维权 知识精准传授给社区居民，为居民的"钱袋子"筑起一道坚实的防护墙。 社区是金融安全的重要防线，也是普惠金融服务的前沿阵地。作为国有控股大型基金公司，工银瑞信始 终胸怀"国之大者"，深刻践行金融工作的政治性与人民性，充分发挥自身专业优势，常态化深入基层一 线，开展贴近居民需求、内容丰富、形式新颖的投教活动，不断提升广大居民金融素养、安全意识和维 权能力，为人民群众的美好幸福生活保驾护航，为推动公募基金行业高质量可持续发展、服务国家金融 大局不断贡献力量。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 活动现场，投教基地的工作人员手持精心制作的防非知识单页，热情主动 ...

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 引言： 在信息爆炸的投资世界里，每一位基金持有人都手握一份"藏宝图"——基金的定期报告。然而，面对动 辄数十页、充满专业术语的基金年报和季报，许多投资者常常感到无从下手，最终与其中的"价值密 码"失之交臂。 正值北京证监局指导、北京证券业协会携手辖区公募机构启动"高质量发展系列活动"之际，中邮基金秉 承"投资者陪伴"的初心，化身您的"投资解码器"，带您穿越信息的迷雾，精准捕捉基金定期报告中的那 些决定投资成败的关键信号。 一、为何要读报告？超越净值波动的"深度体检" 基金的净值波动只是结果的表象，而定期报告则揭示了产生这一结果的内在逻辑。它不仅是基金公司向 持有人进行的一次全面"述职"，更是投资者判断基金经理是否"言行一致"、投资策略是否持续有效、基 金运作是否健康规范的唯一法定依据。 ·季报：更注重时效性，像一份"季度战报"，帮助我们了解基金经理最新的操作思路、市场观点和仓位 变化。 ·年报/中报：则是一份"全面体检报告"，信息最为详尽，尤其是全部持仓和内部人员持有份额等关键数 据，为我们提供了更深度的洞察。 二、五大关键信号，助你快速锁定报告核 ...

证券投资基金研究报告/基金周报 有色金属板块表现较优 QDII 基金平均收益相对领先 ——基金市场周报（2025.9.22-2025.9.26） 报告日期：2025年10月13日 本期（2025.9.29-2025.10.10）上证指数上涨 1.80%，深证成指上 涨 1.11%。申万一级行业涨多跌少，其中有色金属和钢铁行业表现较 好。海外权益市场重要指数涨多跌少，国际黄金价格上涨。本期各类型 基金均上涨。主动投资股票基金较上期上涨 0.68%，主动投资混合基金 上涨 0.80%，主动投资债券基金上涨 0.16%；QDII 基金较上期上涨 2.60%。 图 1、基金指数近一年收益率走势 数据来源：wind，上海证券基金评价研究中心； 起止时间：2024 年 10 月 11 日——2025 年 10 月 10 日 数据来源：wind，上海证券基金评价研究中心；数据截至 2025 年 10 月 10 日 注：主动投资股票基金、混合基金及债券基金平均收益率采用中国开放式主动管理基 金系列指数收益率；其他类型基金平均收益率采用样本基金收益率算术平均值 分析师：池云飞 执业证书编号：S0870521090001 电话： ...

Market Overview - The bond market maintained a weak fluctuation before the National Day holiday, with the 1-year government bond yield decreasing by 1.72 basis points to 1.37%, the 10-year yield down by 0.42 basis points to 1.86%, and the 30-year yield increasing by 5.7 basis points to 2.25% [3][16] - After the holiday, the 1-year yield further decreased by 0.88 basis points to 1.37%, the 10-year yield fell by 1.45 basis points to 1.85%, while the 30-year yield rose by 3.68 basis points to 2.28% [3][16] - The easing of profit-taking pressure at the end of the quarter, combined with the central bank's continued support for market liquidity, led to a recovery in bond market sentiment, resulting in an overall decline in yields [3][16] Public Fund Market Dynamics - The first foreign-funded consumer REIT, Huaxia CapitaLand Commercial REIT, successfully listed on the Shanghai Stock Exchange, marking a significant step in the internationalization and diversification of China's public REIT market [4][19] Fund Index Performance Tracking - The Money Enhanced Index recorded a weekly return of 0.00%, with a cumulative return of 4.16% since inception [5][21] - The Short-term Bond Fund Index also saw a weekly return of 0.00%, with a cumulative return of 4.27% since inception [6][21] - The Long-term Bond Fund Index had a slight increase of 0.01%, accumulating a return of 6.06% since inception [7][21] - The Low Volatility Fixed Income + Fund Index decreased by 0.18%, with a cumulative return of 3.99% since inception [8][21] - The Medium Volatility Fixed Income + Fund Index fell by 0.45%, accumulating a return of 5.59% since inception [9][21] - The High Volatility Fixed Income + Fund Index decreased by 0.42%, with a cumulative return of 7.78% since inception [10][21] - The Convertible Bond Fund Index increased by 0.89%, with a cumulative return of 23.01% since inception [10][21] - The QDII Bond Fund Index rose by 0.23%, accumulating a return of 10.37% since inception [11][21] - The REITs Fund Index decreased by 0.19%, with a cumulative return of 34.27% since inception [12][21]

Core Insights - The total trading volume of Hang Seng Index ETFs reached 1.731 billion yuan today, an increase of 642 million yuan from the previous trading day, representing a growth rate of 58.92% [1] Trading Volume Summary - The China Universal Hang Seng ETF (159920) had a trading volume of 1.060 billion yuan today, up 431 million yuan from the previous day, with a growth rate of 68.37% [1] - The Southern Hang Seng Index ETF (513600) recorded a trading volume of 414 million yuan, increasing by 170 million yuan from the previous day, with a growth rate of 69.81% [1] - The China Universal Hong Kong Stock Connect Hang Seng ETF (513660) had a trading volume of 223 million yuan, up 25.006 million yuan from the previous day, with a growth rate of 12.65% [1] - The Penghua Hang Seng ETF (159271) and Southern Hang Seng Index ETF (513600) saw significant increases in trading volume, with growth rates of 112.36% and 69.81% respectively [1] Market Performance Summary - As of market close, the average decline for ETFs tracking the Hang Seng Index was 2.04%, with the largest declines seen in the E Fund Hang Seng ETF (QDII) (513210) and China Universal Hong Kong Stock Connect Hang Seng ETF (513660), which fell by 2.13% and 2.08% respectively [1]

上周是十一长假后的首个交易周，周四在两融资金大幅回流下市场整体表现较强，上证指数突破3900 点，而周五在中美贸易摩擦再度升温后有所调整。全周来看，创业板周跌3.86%，科创50周跌2.85%。 行业来看，上周有色、煤炭、钢铁表现较好，而传媒、电子、计算机跌幅较多。 从债券市场看，上周债券市场走势呈现分化格局，超长端利率债表现偏弱，10y以内表现相对较强。直 至10月11日，国庆调休日非银未参与交易的背景下，受突发关税博弈影响，长久期品种大幅下行。 从未来货币政策导向来看，预计稳增长政策持续发力，货币政策也会继续大力度支持配合，流动性不需 要太过担忧，泓德基金分析，目前债市最大的扰动除了"股债跷跷板"以外，主要来自以下几个方面：第 一，央行总量政策的边际变化，整体来看，需要关注的重点，是流动性较弱的信用债因潜在赎回风险带 来的短期流动性冲击；第二是前期央行对增量政策的表述篇谨慎的态度，但突发关税政策的不确定性环 境下，基本面定价、宽货币的必要性等因素重新对债市产生影响，整体来看信用债短期内预防性规避弱 流动性资产，还有基金偏好债券品种（政金、二永、长端国债）的价值重估需要短期规避，关税冲突主 要还是博弈方式， ...