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 ...

Group 1 - The Shanghai Composite Index surpassed the previous high of 3674.4 points, reaching a new high since December 2021, indicating potential investment opportunities in A-shares [1] - The CSI A500 Innovation Index is compiled using an internationally recognized "industry balance" method, selecting 500 securities with large market capitalization and good liquidity across all secondary and 97% of tertiary industries [1] - The index includes almost all leading companies in tertiary industries, achieving a "gathering of leaders" and incorporates mechanisms like mutual connectivity and ESG screening, appealing to both domestic and international institutional investors [1] Group 2 - The number of accounts for the Guotai CSI A500 ETF exceeded 156,000, making it the leader in its category, with more than three times the number of accounts compared to the second-ranked product [1] - Investors without stock accounts can consider the Guotai CSI A500 ETF Initiated Link A (022448), Link C (022449), and Link I (022610) [1]

8月13日，光模块CPO概念爆发，新易盛盘中涨超14%、中际旭创涨超7%，股价均创新高。光含量超 40%的创业板人工智能ETF华夏（159381）盘中一度涨5%。截至11：22，涨4.18%，资金交易活跃成交 额超1.3亿，换手率高达68%位居同类第一。 光模块、PCB、服务器、交换机等环节与AI算力深度绑定，我国高阶光模块全球市占率高达70%，在本 轮AI算力建设浪潮中充分受益。创业板人工智能指数光模块权重超41%，前3大成分股囊括中际旭创 （15.89%）、新易盛（14.86%）、天孚通信（4.77%）三大光模块龙头。目前创业板人工智能ETF华夏 （159381）年管理费率为0.15%，托管费率为0.05%，场内综合费率在可比基金中最低。 值得注意的是，本轮AI行情中，以光模块为代表的上游算力硬件显著领涨，创业板人工智能指数年内 以来累计上涨超35%，明显跑赢中证人工智能指数、CS人工智、科创AI等同类AI指数。 华鑫证券分析认为，近期海外科技巨头接连上调资本开支，充分验证全球算力基础设施建设的长期高景 气度。由于海外算力需求持续超预期，谷歌、Meta、微软、亚马逊四大科技龙头集体上调2025年资本 开支 ...

8月10日晚间，南方基金管理股份有限公司发布公告称，基于对中国资本市场长期健康稳定发展的信心，公司近期运用固有资金投资旗下三只权益类ETF联 接基金，合计金额不少于2.3亿元，并承诺至少持有1年。此次自购不仅是年内公募行业最大规模的单笔自购行为，也进一步强化了市场对A股及港股长期价 值的共识。 南方基金表示，中国经济上半年GDP同比增长5.3%，宏观经济稳中有进，叠加超大规模市场、完整产业链及人才资源优势，为资本市场提供坚实基本面支 撑。从估值角度看，截至8月6日，沪深300指数市盈率13.93倍，恒生指数11.83倍，显著低于标普500（26.89倍）、日经225（18.88倍）等成熟市场水平，A 股与港股处于全球"估值洼地"。此外，新"国九条"政策推动中长期资金入市，叠加资本市场投资者保护机制完善，进一步提振机构信心。 资料显示，截至8月11日，年内已有21家公募机构宣布自购，总金额达7.47亿元，其中权益类基金占比近四成。南方基金以2.3亿元自购额居首，工银瑞信、 建信等机构自购额亦超亿元。自购行为普遍附带"持有至少1年"的承诺，旨在通过利益绑定增强投资者信任，并传递长期投资理念。 此次南方基金的大额自 ...

Group 1: Overall Situation of Fund Advisory Combinations - As of the end of July 2025, there are a total of 450 fund advisory combinations available on the Tian Tian Fund APP, an increase of 4 from the previous month [2][8] - The distribution of fund advisory combinations includes 399 stock-bond central combinations, 32 track-type combinations, and 19 regional combinations, with stock-bond central combinations being the most prevalent [2][8] - The newly added combinations include one aggressive and one balanced stock-bond central combination, along with two conservative combinations [2][8] Group 2: Performance Tracking of Advisory Combinations - Over the past year, the median return of aggressive stock-bond central combinations outperformed similar FOF products, while balanced and conservative combinations underperformed [14][17] - In July, all track-type combinations showed positive median returns, with military, smart manufacturing, pharmaceuticals, new energy, consumption, dividends, and central state-owned enterprise combinations outperforming their benchmarks [22][23] - The median return of regional strategy combinations, including Hong Kong and overseas strategies, also outperformed their benchmarks in July [22][23] Group 3: Changes in Fund Holdings - The conservative advisory combinations reduced their bond fund holdings while increasing their allocation to QDII funds, with QDII fund average positions rising by 0.48% [32][35] - Balanced advisory combinations decreased their index fund holdings and increased their stock fund allocations, with stock fund average positions increasing by 0.33% [32][35] - Aggressive advisory combinations reduced their mixed fund holdings and increased their index fund allocations, with index fund average positions rising by 0.42% [32][35] Group 4: Tracking of Individual Fund Holdings - The most favored active equity funds by advisory combinations include those managed by value style managers, quantitative strategy managers, and technology theme managers [41] - The top actively increased funds include quantitative strategies and technology themes, with significant increases in holdings for funds managed by Ma Fang, Yi Wei, and Sun Meng [41] - The most favored QDII funds include those targeting global growth industries, particularly the E Fund Global Growth Select [41]

截至2025年8月13日 10:53，创业板50指数(399673)强势上涨2.40%，成分股新易盛上涨12.53%，三环集 团上涨12.50%，中际旭创上涨6.03%，南大光电，天孚通信等个股跟涨。创业板50ETF华夏(159367)上 涨2.79%， 冲击3连涨。最新价报1.18元。拉长时间看，截至2025年8月12日，创业板50ETF华夏近1周累 计上涨3.06%。 流动性方面，创业板50ETF华夏盘中换手2.46%，成交137.81万元。拉长时间看，截至8月12日，创业板 50ETF华夏近1周日均成交278.52万元。 规模方面，创业板50ETF华夏近3月规模增长1076.49万元，实现显著增长。 份额方面，创业板50ETF华夏近3月份额增长200.00万份，实现显著增长。 截至8月12日，创业板50ETF华夏近6月净值上涨13.30%，排名可比基金第一。从收益能力看，截至2025 年8月12日，创业板50ETF华夏自成立以来，最高单月回报为9.40%，最长连涨月数为3个月，最长连涨 涨幅为22.94%，涨跌月数比为4/2，上涨月份平均收益率为5.48%，月盈利百分比为66.67%，月盈利概 率为64 ...