【导读】QDII基金限购不断加码 今年6月底，多家合格境内机构投资者获批新的QDII额度，不少QDII基金一度恢复正常申购业务或提升申购限制金额。 不过，近期QDII基金限购再现加码之势，多只基金降低大额申购限额，最低降至500元。 就在一周前，该基金刚公告，自8月7日起将大额申购限额调整为2000元，而在7月初时，这一门槛刚调整到10000元。 无独有偶。同日，华宝基金旗下华宝纳斯达克精选股票（QDII）、华宝标普美国品质消费股票指数基金（LOF）、华宝标普石油天然气上游股票指数 （LOF）也发布调整大额申购金额上限的公告，最新限额在500元—1000元不等。 跟华宝海外科技股票（QDII-LOF）一样，上述基金自7月初以来也多次调整限购门槛，自10000元—20000元限额水平持续下调。 | 基金名称 | | 华宝海外科技股票型证券投资基金(QDII-LOF) | | --- | --- | --- | | 基金简称 | | 华宝海外科技股票(QDII-LOF) | | 基金主代码 | | 501312 | | 基金管理人名称 | | 华宝基金管理有限公司 | | 公告依据 | | 《华宝海外科技股票型证 ...

多只QDII持续降低大额申购限额 【导读】QDII基金限购不断加码 中国基金报记者 天心 今年6月底，多家合格境内机构投资者获批新的QDII额度，不少QDII基金一度恢复正常申购业务或提升申购限制金额。 不过，近期 QDII基金限购 再现 加码 之势，多只基金降低大额申购限额，最低降至500元。 QDII新额度获批一个多月， QDII基金限购 再度 加码 。 8月13日，华宝海外科技股票（QDII-LOF）发布公告，为保护基金份额持有人利益，自8月14日起，A、C类基金份额单日单个基金账户累 计申购（含定投）金额上限调整为1000元，在直销柜台及网上直销平台的 申购上限仍为10000元。 | 上限的公告 | | --- | | (含定投) 金额_ | | 调整大额申购 | | 基金名称 | | 华宝海外科技股票型证券投资基金(QDII-LOF) | | --- | --- | --- | | 基金简称 | | 华宝海外科技股票(QDII-LOF) | | 基金主代码 | | 501312 | | 基金管理人名称 | | 华宝基金管理有限公司 | | 公告依据 | | 《华宝海外科技股票型证券投资基金(QDII ...

在最新的一次路演中，国泰优质核心（A类：025060 C类：025061）拟任基金经理李海分享了他关于市 场的观点。 李海认为，当前的中国市场，可能会迎来类似于美国80年代之后的长期震荡向上的格局，这里非常核心 的一点就是我们的企业开始实现良好的现金流拐点。 一方面，现在距离市场冰点已经情绪显著回暖了，投资者对于认购主动权益基金是有热情的；另一方 面，现在市场并非牛市的泡沫高位，市场向上仍有坚实健康的上涨空间。这个时间进来的投资者，是有 比较大的概率能够赚到钱的。 在当前的时点上，新基金的建仓策略也比较积极。方向上，李海会重点关注港股的互联网的龙头公司， A 股的消费电子类公司，以及消费医药方向。 对于后续市场，李海短期看好修复，中长期看好中国核心资产重估。一方面，中国更成熟，制造业龙头 也完成全球化产能布局，具备应对贸易摩擦的经验与能力；另一方面，中国核心资产在全球仍被显著低 估，恒生科技等优质企业上涨只是中国核心资产重估起点，随着国力增强、经济恢复及政策发力，沪深 300、中证A500 等代表的优质企业仍有重估空间。 值得一提的是，国泰优质核心（A类：025060 C类：025061）是一只新型浮动费率产 ...

对比其他A股主流宽基指数，科创综指过往也展现出更高的弹性。Wind数据显示，截至8月6日，科创综 指近1年累计上涨61.53%，相较同期上证指数（26.74%）、深证成指（32.06%）、创业板指（44.96%） 分别超额34.79%、29.47%、16.57%。（指数过往业绩不代表其未来表现，不等于产品实际收益，投资 须谨慎。） 拟任基金经理陶曙斌表示，综合来看，科创综指能较为全面表征科创板市场表现，或是投资"硬科技"不 可忽视的选择。展望后市，当前全球科技竞争进入深水区，我国正加快发展新质生产力、推进高水平科 技自立自强。作为"硬科技"聚集地的科创板，有望持续受益于政策红利，同时也将吸引更多优质科技创 新企业上市，长期投资价值愈发清晰。 注：科创综指2020-2024历年涨跌幅分别为：47.13%、11.02%、-26.73%、-7.66%、1.23%，指数过往表 现不代表未来，不等于产品实际及未来收益，以上仅为指数过往特定阶段涨幅的客观展示，不构成实际 投资建议，指数的高弹性意味着其涨跌幅具有较大波动，基金有风险，投资须谨慎。 登录新浪财经APP 搜索【信披】查看更多考评等级 在全球经济格局加速重构的背 ...

Core Viewpoint - The stock ETF market experienced a net outflow of over 3 billion yuan, despite a strong performance in the A-share market, indicating a trend where some investors are selling as prices rise [2][4][11]. Group 1: Stock ETF Market Overview - On August 12, the total scale of 1,168 stock ETFs reached 3.85 trillion yuan, with a net outflow of 30.77 billion yuan during the market's upward trend [4]. - The ChiNext 50 Index saw the largest net outflow, amounting to 36.84 billion yuan, with the ChiNext 50 ETF alone experiencing over 25 billion yuan in outflows [11][12]. - In contrast, the Hang Seng Technology Index and the Hong Kong Stock Connect Internet Index attracted significant inflows, with the former seeing a net inflow of 11.64 billion yuan [5][11]. Group 2: Fund Inflows and Outflows - The top inflowing ETFs included the Hang Seng Internet ETF (9.36 billion yuan), Hong Kong Stock Connect Internet ETF (6.51 billion yuan), and Military Industry Leaders ETF (4.31 billion yuan) [6][9]. - Conversely, the top outflowing ETFs were the ChiNext 50 ETF (-25.15 billion yuan), ChiNext 50 H ETF (-12.81 billion yuan), and the Microchip ETF (-8 billion yuan) [13]. Group 3: Market Sentiment and Future Outlook - Fund companies like Guotai Fund and Huashan Fund expressed optimism regarding the Hong Kong stock market's dividend strategy, citing a favorable low-interest environment and strong dividend capabilities of state-owned enterprises [7][8]. - Despite some sectors experiencing outflows, institutions remain optimistic about the A-share market's future performance, anticipating a gradual increase in the index's central tendency due to abundant liquidity and ongoing capital market reforms [14].

据了解，"天天盈"关联的货币基金在交易日15点(不含)前完成的普通赎回，资金第二个交易日最快12点 前到账(具体到账时间可能因系统等原因发生变化)，赎回资金到账速度亦大幅提升。 近日，中国工商银行官宣其"天天盈"现金管理服务迎来重磅扩容，华宝基金旗下货币基金"华宝现金宝E （000678）"正式上线"天天盈1号"销售。据悉，"天天盈"投资门槛设定为1分钱起购，支持余额自动购 买。"天天盈"现金管理服务现已关联106只优质货基，单日单只货基设定1万元快赎额度，其"7*24小时 快赎服务、最快实时到账"的特色功能精准匹配投资人零钱管理需求。 基金管理人对华宝现金宝货基的风险等级评定为R1-低风险，适合保守型（C1）及以上的投资者。投资 者购买货币市场基金并不等于将资金作为存款存放在银行或存款类金融机构，基金管理人不保证基金一 定盈利，也不保证最低收益。每日计算收益并不代表每日为正收益。 以上基金由华宝基金发行与管理，代销机构不承担产品的投资、兑付和风险管理责任。投资人应当认真 阅读《基金合同》、《招募说明书》、《基金产品资料概要》等基金法律文件，了解基金的风险收益特 征，选择与自身风险承受能力相适应的产品。销售机 ...

流动性方面，央企创新驱动ETF盘中换手0.63%，成交2237.80万元。拉长时间看，截至8月12日，央企创新驱动ETF近1年日均成交2558.34万元，排名可比基 金第一。 消息面上，中国联通8月12日晚间发布2025年半年度报告。上半年中国联通实现营业收入2002亿元，同比增长1.5%；利润总额177亿元，同比增长5.2%；归 属于上市公司股东的净利润63亿元，同比增长5.1%。中国联通表示，将与合作伙伴一起，推进不同技术领域、生产要素、行业门类、应用场景的融合创 新，共创AI基建、AI科技、AI产业的融合新生态。展望全年，中国联通将持续提升管理运营服务水平，预期固定资产投资人民币550亿元左右。 华泰证券指出，随着国内AI应用的发展，云计算和数据中心等数智业务收入增长动能进一步增强，为运营商带来新周期发展机遇。 规模方面，央企创新驱动ETF近1周规模增长1075.00万元，实现显著增长，新增规模位居可比基金1/4。 数据显示，截至2025年7月31日，中证央企创新驱动指数(000861)前十大权重股分别为海康威视(002415)、国电南瑞(600406)、长安汽车(000625)、宝钢股份 (60001 ...

Market Performance - The A-share market showed overall recovery from August 4 to August 8, 2025, with the CSI 300 index rising by 1.23%, the ESG 300 index increasing by 1.06%, and the STAR Market ESG index up by 1.31%[5] - The average daily trading volume across the A-share market was approximately 1.70 trillion RMB, indicating a contraction in liquidity compared to previous periods[5] ESG Fund Issuance - No new ESG fund products were issued in August 2025; however, a total of 241 ESG public funds were launched in the past year, with a total issuance of 171.41 billion units[7] - As of August 10, 2025, there are 910 existing ESG fund products, with the largest share being ESG strategy funds at 50.33% of the total net asset value of 1,022.06 billion RMB[9] Fund Performance - The top-performing fund for the week of August 4 to August 10, 2025, was the Zhonghai Charm Yangtze River fund, achieving a weekly return of 6.14% and a year-to-date return of 29.00%[10] - Other notable funds included the Robeco Resource Selection and Yongying New Energy Selection, which also performed well during the same period[10] Green Bond Issuance - A total of 23 new green bonds were issued in the interbank and exchange markets from August 4 to August 8, 2025, with a planned issuance scale of approximately 18.64 billion RMB[13] - In August 2025, 33 ESG bonds were issued, amounting to 15.3 billion RMB, with a total of 1,034 ESG bonds issued in the past year, totaling 1,227.7 billion RMB[13] Green Bond Trading - The total trading volume of ESG green bonds for the week was 562.58 billion RMB, with the interbank market accounting for 77.45% of the total trading volume[17] - Repo transactions dominated the trading methods, comprising 94.96% of the total trading volume, while cash transactions accounted for only 0.07%[20] Bank Wealth Management Products - In August 2025, 30 ESG bank wealth management products were issued, with a total of 1,049 existing products in the market as of August 10, 2025[18] - The largest share of existing products is pure ESG-themed products, which account for 54.53% of the total[18] Risk Factors - Potential risks include insufficient policy support for ESG initiatives, lack of standardized data reporting, and lower-than-expected product issuance scales[19]

Core Viewpoint - The incident involving the fund manager at Shenwan Hongyuan has raised concerns about the company's investment strategies and performance, particularly in light of significant losses reported by employees and issues with the company's research and investment platform [1][5]. Group 1: Fund Performance and Employee Feedback - An employee reported a loss of 85,366.59 RMB on an investment of 1.5 million RMB in Shenwan Hongyuan's industry-selected mixed fund within two months [1]. - The employee emphasized that the situation described in the leak was accurate and not exaggerated [1]. - There is strong dissatisfaction among employees regarding the pressure to invest in high-dividend funds that have resulted in substantial losses [5]. Group 2: Company Leadership and Research Issues - Zhang Jian, the current Deputy Secretary of the Party Committee and General Manager of Shenwan Hongyuan Securities, has been implicated in the pressure to meet investment targets [2][3]. - Concerns have been raised about the effectiveness of the KAP project, which is intended to integrate research and risk control, suggesting it may not be functioning as intended [5]. - The company has been attempting to reform its research capabilities since 2021, but the results have been minimal, leading to ongoing challenges in investment performance [5][6]. Group 3: Talent and Management Challenges - Shenwan Hongyuan is facing a talent retention issue, with seven out of 26 fund managers leaving in the past year, significantly higher than the industry average [7][8]. - The average tenure of fund managers at Shenwan Hongyuan is 4.66 years, slightly below the industry average of 4.91 years [8]. - The company has also seen a decline in the scale of its funds, with several funds falling below 500 million RMB and three funds being liquidated within the year [5].

2025.08. 13 "当初是因为贾成东过往业绩还可以才购买的，现在这么好的行情也能亏成这样，已经通过各个渠道反 馈意见，他们的渠道员工也只是说给公司反映，但还没有结果。"一名投资者对第一财经说。 申万菱信基金回应第一财经称，已经注意到市场对申万菱信行业精选基金的关注与期待。当前产品短期 业绩虽未达预期，仍希望投资者将目光更多投向长期表现。 贾成东在管基金逆势亏损 本文字数：2249，阅读时长大约4分钟 作者 | 第一财经 黄思瑜 曹璐 员工被要求购买自家基金，而这只基金的具体管理人，是公司刚聘任不久的副总经理贾成东。6月初成 立后，这只基金频繁调仓追高导致亏损，与宣传时的高股息方向完全不符。最近，上述有关申万菱信基 金的说法，在网上广为流传。 对此，申万宏源相关人士对第一财经称，不管是公司管理层还是子公司，都不会给员工压任务，要求购 买自家基金产品，这是不实消息。申万菱信基金也回应称，关于市场上出现的"强迫员工买基金"相关传 言不属实。 不过，从业绩表现来看，贾成东管理的申万菱信行业精选目前确实处于亏损状态。6月3日成立至8月11 日，该基金累计跌幅超过8%，与大盘表现出现背离，上证指数在同期上涨8.96 ...