下表所示為招商局中國基金有限公司(「本公司」)於 2025 年 12 月 31 日的未經審計總資産明 細之數據。 (A) 主要投資項目 | | | | | 上巿（交易 | | 佔資產 | | --- | --- | --- | --- | --- | --- | --- | | 項目名稱 | | 總部地點 | 主要業務 | 所）／非上巿 | 賬面值 | 總值 | | | | | | | 百萬美元 | % | | 金融服務： | | | | | | | | 1. 招商銀行股份有限公司 | | 廣東、深圳巿 | 銀行 | 上海證券交易所 | 331 | 31.27 | | 2. 中誠信託有限責任公司 | | 北京巿 | 信託管理 | 非上巿 | 188 | 17.79 | | 3. 中建投租賃股份有限公司 | | 北京巿 | 融資租賃 | 非上巿 | 39 | 3.66 | | 4. | 華人文化（天津）投資管理有限公司 | 天津市 | 基金管理 | 非上巿 | 1 | 0.10 | | | | | | 小計： | 559 | 52.82 | | 文化傳媒及消費： | | | | | | | | 5. | 華人文 ...

广东证监局指出，横琴博瀚、冯某存在以下违法事实： 一、横琴博瀚向投资者承诺本金不受损失或者承诺最低收益。 1月9日，广东证监局对珠海横琴博瀚股权投资基金管理有限公司（以下简称"横琴博瀚"）以及时任总经理冯某下发《行政处罚决定书》。 2025年1月，广东证监局指出，横琴博瀚存在以下违规问题：一是在产品募集过程中向投资者承诺最低收益；二是未及时更新管理人的有关信息；三是未验 证投资者资产收入证明文件。横琴博瀚被采取责令改正的行政监管措施。 2020年5月至2021年12月期间，横琴博瀚与沈阳某制药公司、沈阳某投资公司、陈某晓等3名投资者签订私募基金合同补充协议，约定向投资者承诺投资本金 不受损失、承诺最低收益。 二、冯某从事损害基金财产的投资活动，利用基金财产和职务之便进行利益输送。 2021年8月至2023年3月期间，横琴博瀚控股股东、总经理、执行董事冯某决策，横琴博瀚管理的博瀚横琴固兴诺安私募股权投资基金、博瀚横琴医药生物私 募股权投资基金等基金产品通过低价卖出、高价买入等操作，与冯某控制使用的"辽宁某公司""苏某山""方某"等证券账户交易新三板股票"绿禾科技""港华建 设"，上述横琴博瀚基金产品高价买入股票 ...

| 基金名称 | 西藏东财启和混合型证券投资基金 | | --- | --- | | 基金简称 | 东财启和混合 | | 基金主代码 | 025368 | | 基金管理人名称 | 东财基金管理有限公司 | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》 | | 基金经理变更类型 | 增聘基金经理 | | 新任基金经理姓名 | 胡凡 | | 共同管理本基金的其他基金经理姓名 | 宝音、徐成 | (责任编辑：康博) 胡凡曾任平安养老保险股份有限公司固收投资部三方投资组投资经理、兴银理财有限责任公司固定 收益部高级投资经理，现任东财基金管理有限公司基金经理。 东财启和混合A/C成立于2025年12月26日。 中国经济网北京1月15日讯 今日，东财基金公告，东财启和混合增聘胡凡。 ...

中国经济网北京1月15日讯今日，招商基金公告，招商制造业混合增聘李华建，王景离任。 李华建2003年7月加入中国人寿（601628）资产管理有限公司，曾任投资分析部研究员、基金投资部高 级投资经理、股票投资部总经理助理及信用管理部副总经理等职务，从事证券研究分析、证券投资以及 管理等工作。2020年9月加入招商基金管理有限公司投资管理一部，后任招基金经理。 招商制造业混合A/C成立于2015年12月02日和2017年05月08日，截至2026年01月14日，其今年来收益率 为7.35%、7.31%，成立来收益率为223.83%、163.43%，累计净值为3.0120元、2.7160元。 | 蒸蛋名称 | 招商制造业转型灵活配置混合型证券投资基金 | | --- | --- | | 甚全简称 | 招商制造业混合 | | 蒸金主代码 | 001869 | | 甚全管理人名称 | 招商基金管理有限公司 | | 公告依据 | 《基金管理公司投资管理人员管理指导意见》(公开嘉集正 泰投资基金信息被露管理办法》证券期货经营机构投资管 理人员注册登记规则》 | | 基金经理实更发型 | 增聘基金经理,解聘基金经理 | | ...

Group 1 - Anfu Technology's stock increased by 5.02% to 51.84 CNY per share, with a trading volume of 587 million CNY and a turnover rate of 5.51%, resulting in a total market capitalization of 13.366 billion CNY [1] - Anfu Technology, established on May 7, 1999, and listed on August 22, 2016, specializes in the research, production, and sales of high-performance environmentally friendly zinc-manganese batteries [1] - The company's main business revenue composition includes: alkaline batteries 83.08%, carbon batteries 7.88%, other batteries 4.51%, other products 4.35%, and others (supplement) 0.18% [1] Group 2 - The fund "Puyin Ansheng Elegant Life Mixed A" (519113) holds 100,000 shares of Anfu Technology, accounting for 3.64% of the fund's net value, making it the sixth-largest holding [2] - The fund has a total scale of 117 million CNY, with a year-to-date return of 3.67% and a one-year return of 8.82% [2] - Since its inception, the fund has achieved a return of 189.52% [2] Group 3 - The fund manager, Chu Yanhui, has a tenure of 11 years and 207 days, with a total asset scale of 573 million CNY and the best fund return of 172.9% during the tenure [3] - The co-manager, Lin Weiqiang, has a tenure of 196 days, with a total asset scale of 253 million CNY and the best fund return of 11.12% during the tenure [3]

Group 1 - The core point of the news is that Chuaning Bio experienced a decline of 5.05% in its stock price, reaching 11.29 yuan per share, with a trading volume of 448 million yuan and a turnover rate of 6.33%, resulting in a total market capitalization of 25.178 billion yuan [1] - Chuaning Bio, established on December 10, 2010, and listed on December 27, 2022, is located in the Yili Kazakh Autonomous Prefecture of Xinjiang and focuses on the research and industrialization of biological fermentation technology. The main business revenue composition is 92.81% from pharmaceutical intermediates and 7.19% from other sources [1] Group 2 - From the perspective of major fund holdings, one fund under Qianhai Kaiyuan holds a significant position in Chuaning Bio. The Qianhai Kaiyuan Hong Kong-Shenzhen Innovation Growth Mixed A Fund (002666) held 340,700 shares in the third quarter, accounting for 1.02% of the fund's net value, ranking as the seventh largest holding. The estimated floating loss today is approximately 204,400 yuan [2] - The Qianhai Kaiyuan Hong Kong-Shenzhen Innovation Growth Mixed A Fund (002666) was established on June 24, 2016, with a current scale of 270 million yuan. Year-to-date returns are 0.33%, ranking 8095 out of 8840 in its category; the one-year return is 13.67%, ranking 5997 out of 8094; and the cumulative return since inception is 62.27% [2]

Group 1 - The core point of the news is that TBEA Co., Ltd. experienced a stock price increase of 5.22%, reaching 28.23 CNY per share, with a trading volume of 12.381 billion CNY and a turnover rate of 9.05%, resulting in a total market capitalization of 142.64 billion CNY [1] - TBEA's main business segments include power transmission and transformation, new energy, and energy-related services, with revenue contributions from electrical equipment products (27.64%), coal products (18.27%), and other segments [1] Group 2 - From the perspective of fund holdings, Jiutai Fund has one fund heavily invested in TBEA, specifically Jiutai Yingtai Quantitative A (011224), which reduced its holdings by 89,000 shares in the third quarter, now holding 85,700 shares, accounting for 3.69% of the fund's net value [2] - Jiutai Yingtai Quantitative A has a total scale of 23.7589 million CNY and has achieved a year-to-date return of 4.36%, ranking 2846 out of 5525 in its category, with a one-year return of 33.03%, ranking 2399 out of 4208 [2]

Group 1 - The core point of the news is that Dinglong Co., Ltd. experienced a stock price increase of 5.19%, reaching 46.18 yuan per share, with a trading volume of 1.592 billion yuan and a turnover rate of 4.82%, resulting in a total market capitalization of 43.749 billion yuan [1] - Dinglong Co., Ltd. is located in Wuhan, Hubei Province, and was established on July 11, 2000, with its listing date on February 11, 2010. The company's main business involves general consumables for printing and copying, as well as optoelectronic semiconductor process materials [1] - The revenue composition of Dinglong Co., Ltd. shows that semiconductor materials, chips, and general printing and copying consumables account for 99.47% of the total revenue, while other products contribute 0.53% [1] Group 2 - From the perspective of fund holdings, one fund under Fuan Da has a significant position in Dinglong Co., Ltd. The Fuan Da CSI 500 Index Enhanced A (007943) held 15,800 shares in the third quarter, representing 0.97% of the fund's net value, making it the fifth-largest holding [2] - The Fuan Da CSI 500 Index Enhanced A (007943) was established on November 19, 2019, with a latest scale of 57.859 million. Year-to-date returns are 5.64%, ranking 2420 out of 5525 in its category; the one-year return is 41.86%, ranking 1775 out of 4208; and since inception, the return is 76.33% [2] - The fund manager of Fuan Da CSI 500 Index Enhanced A (007943) is Ji Qing, who has a cumulative tenure of 9 years and 33 days, managing total assets of 350 million yuan. The best fund return during his tenure is 117.68%, while the worst is -21.65% [2]

Group 1: ETF Market Performance - On January 15, multiple broad-based ETFs saw a significant increase in trading volume, with the Huatai-PB CSI 300 ETF achieving a half-day trading volume of 12.5 billion yuan, surpassing the highest daily trading volume since April 9, 2025 [1][11] - The Huatai-PB CSI 300 ETF experienced a slight decline of 0.21%, but its trading volume exceeded the previous day's total of 10.5 billion yuan [1][11] - Other ETFs, such as the Huatai-PB CSI A500 ETF and the Huaxia CSI A500 ETF, also reported substantial trading volumes of 12.6 billion yuan and 12.3 billion yuan, respectively, indicating a strong market interest [3][11] Group 2: Sector Performance - The performance of ETFs related to non-ferrous metals and batteries led the market on January 15, with the Southern Non-Ferrous Metals ETF rising by 2.75%, the GF Rare Metals ETF increasing by 2.45%, and the ICBC Credit Suisse Lithium Battery ETF up by 2.42% [6][13] - Analysts from Huatai Securities noted that the recent rise in resource prices is driven by multiple factors, including global monetary easing and increased demand for copper, silver, and rare metals due to AI data centers [13][14] Group 3: Investment Insights - The managers of the Ping An Resource Selected Mixed Fund highlighted a significant structural market for resource products in 2025, with precious metals and industrial metals like copper leading the gains [15] - They emphasized the importance of focusing on key sub-industry investment opportunities in 2026, particularly in industrial metals such as copper and aluminum, as well as in new energy metals like lithium and rare earths [15][16] - The long-term investment value of precious metals, particularly gold and silver, was also underscored, with gold being a core asset for risk diversification [16][17]

Core Viewpoint - The expansion of public REITs in China marks a significant milestone with the listing ceremony of the Huaxia Fund Huazhong REIT (508077) on January 12, 2026, at the Shanghai Stock Exchange, highlighting the growing recognition and acceptance of market-driven rental housing REITs in the domestic market [1][3]. Group 1: Expansion and Performance - The Huaxia Fund Huazhong REIT has demonstrated strong market performance over three years, achieving over 154 million yuan in cumulative dividends to holders by the end of 2025 [3]. - The recent expansion is the first for the Huaxia Fund Huazhong REIT, successfully completed in December 2025, utilizing a non-directional placement model to protect existing investors' rights, with a placement price of 2.53 yuan per share and a total of 450 million shares available for placement [3][4]. Group 2: Fund Utilization and Asset Acquisition - The funds raised from the expansion, approximately 1.1329 billion yuan (excluding subscription fees and interest), will be fully allocated to acquire high-quality assets under the Huazhong brand, specifically the Shanghai Majiao project, which is part of a demonstration project for affordable rental housing [4]. - The Shanghai Majiao project is strategically located near key industrial clusters, with a strong rental demand and an occupancy rate of 96% as of June 2025, enhancing the resilience of the operations [4]. Group 3: Strategic Vision and Future Development - The Huazhong brand aims to enhance its operational capabilities through a multi-dimensional operational system, focusing on specialized marketing, diverse leasing strategies, community operations, and safety supervision to maintain high occupancy rates and service quality [6]. - The successful expansion is viewed as a practical example of revitalizing existing rental housing assets and expanding effective investment, reflecting the capital market's recognition of the asset quality and operational capabilities of Huazhong [6]. - Future collaboration between Huazhong and Huaxia Fund is expected to enhance the quality and efficiency of public REIT projects, increasing the market influence and industry voice of rental housing REITs, and attracting more social capital into the affordable housing sector [6].