作为境内首只ETF（上证50ETF）的推出者，华夏基金在指数投资领域积淀深厚。截至2025年末，其旗 下ETF产品达117只，覆盖宽基、行业主题、商品、跨境市场等多元类别；权益类ETF管理规模超9300 亿元，年均规模连续21年行业第一，持仓客户数达374万，均位居行业首位。 当前，华夏基金旗下管理费率为0.15%的低费率ETF数量达到30只，同时有83只产品在跟踪同指数的 ETF产品中处于【费率最低档位】（含24只指数唯一跟踪ETF产品），为投资者提供普惠、低成本选 择。 此次更名不仅是形式调整，更优化了行业生态，既强化了品牌认知、促进良性竞争，也凸显了华夏基金 的产品优势。随着后续批次产品陆续完成调整，ETF市场信息透明度与交易效率将进一步提升。未来， 以华夏基金为代表的头部机构将持续引领行业规范发展，让指数投资在资产配置中发挥更核心作用，助 力投资者共享中国经济高质量发展红利。 （原标题：搜"ETF华夏"一键直达！华夏基金38只ETF集体更名，ETF市场迈入标准化新时代） 2026年1月12日，"ETF一哥"华夏基金正式启动首批38只ETF产品集中更名，标志着6万亿规模的中国 ETF市场向标准化、透明化 ...

Group 1 - The core viewpoint of the news is that the Huaxia Government Bond ETF (511100) has shown a positive performance with a recent price increase and significant liquidity, indicating strong investor interest [1][3] - As of January 9, 2026, the Huaxia Government Bond ETF has achieved a net value increase of 6.28% over the past two years, with a maximum monthly return of 2.67% since inception [3] - The ETF has recorded a historical profitability rate of 100% for two-year holdings, with a monthly profitability probability of 67.50% and a weekly profitability percentage of 63.55% [3] Group 2 - The Huaxia Government Bond ETF closely tracks the Shanghai Stock Exchange's benchmark market-making government bond index, reflecting the overall performance of liquid bonds listed on the exchange [3] - The management fee for the Huaxia Government Bond ETF is set at 0.15%, while the custody fee is 0.05% [3] - Financial analysis suggests that there is still room for total quantitative easing in 2026, but operations may be relatively restrained, with fiscal policy maintaining necessary strength rather than unlimited expansion [3]

作为境内首只ETF（上证50ETF）的推出者，华夏基金在指数投资领域积淀深厚。截至2025年末， 其旗下ETF产品达117只，覆盖宽基、行业主题、商品、跨境市场等多元类别；权益类ETF管理规模超 9300亿元，年均规模连续21年行业第一，持仓客户数达374万，均位居行业首位。 当前，华夏基金旗下管理费率为0.15%的低费率ETF数量达到30只，同时有83只产品在跟踪同指数 的ETF产品中处于【费率最低档位】（含24只指数唯一跟踪ETF产品），为投资者提供普惠、低成本选 择。 此次更名不仅是形式调整，更优化了行业生态，既强化了品牌认知、促进良性竞争，也凸显了华夏 基金的产品优势。随着后续批次产品陆续完成调整，ETF市场信息透明度与交易效率将进一步提升。未 来，以华夏基金为代表的头部机构将持续引领行业规范发展，让指数投资在资产配置中发挥更核心作 用，助力投资者共享中国经济高质量发展红利。 2026年1月12日，"ETF一哥"华夏基金正式启动首批38只ETF产品集中更名，标志着6万亿规模的中 国ETF市场向标准化、透明化迈出关键一步。 38只ETF扩位简称统一采用"投资标的核心要素+ETF+华夏"的命名结构，基金代 ...

Group 1 - The core point of the article is that Chunhou Fund has undergone a significant management and ownership restructuring to resolve a governance crisis caused by shareholder disputes [1][13][25] Group 2 - Chunhou Fund announced new executives including Chen Hong as the chairman, Zuo Jiqing as the general manager, and Shen Mengyu as the deputy general manager [1][13][14] - The previous chairman, Jia Hongbo, and general manager, Xing Yuan, have left their positions due to regulatory issues [14][24] Group 3 - The new ownership structure shows that Shanghai Changning State-owned Assets Management Company holds 58.8% of the shares, while Xing Yuan retains 31.2% and Li Wenzhong holds 10% [5][18][20] - The transfer of shares from previous shareholders to Changning State-owned Assets was approved by the China Securities Regulatory Commission [20][21] Group 4 - Chunhou Fund's management scale has significantly decreased from a peak of 354 billion to 199.12 billion, largely due to massive redemptions linked to the governance crisis [25] - The fund's two main products, Chunhou Anxin and Chunhou Anyu, have become the backbone of the company, with respective scales of 82.68 billion and 78.25 billion [25]

Group 1 - The article discusses President Trump's unconventional policies aimed at addressing the housing crisis and inflation in the U.S. as he prepares for the midterm elections [2][3][4] - Trump has intervened directly in interest rates, bypassing the Federal Reserve, which raises concerns about the potential politicization of market pricing and financial stability risks [2][3] - The administration's actions include prohibiting institutional investors from purchasing single-family homes, which may impact housing markets across the U.S. [8][10] Group 2 - Trump's proposal to cap credit card interest rates at 10% could significantly reduce profits for credit card companies, potentially leading to tighter credit availability for consumers [3][6][7] - The administration's strategy to lower mortgage rates involves directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities, aiming to make housing more affordable [11][12] - Concerns have been raised that capping interest rates may lead to unintended consequences, such as reduced access to credit for consumers and a shift towards higher-cost alternative financing options [7][8]

证监会一纸批复，这家陷入治理乱局的公募基金公司迎来了国有资本的全面接管与彻底重塑。 近日，淳厚基金管理有限公司一次性发布了多条重磅公告，控股股东变更为上海长宁国有资产经营投资 有限公司，持股比例达到58.80%。同时，公司董事长、总经理等核心高管集体更换，新任董事长陈 红、总经理左季庆已于2026年1月9日正式履职。 具体来看 ，董事长贾红波被监管机构认定为不适当人选离任，总经理、法定代表人邢媛因工作安排离 任，常务副总经理武祎、首席信息官刘远新离任，新任陈红为董事长，新任左季庆为总经理、法定代表 人，新任申梦玉为副总经理，任职日期2026-01-09。 股权易主：原股东柳志伟、李雄厚、董卫军、聂日明将其所持有的股份转给上海长宁国有资产经营投资 有限公司 中国证监会1月9日正式批复，核准上海长宁国有资产经营投资有限公司成为淳厚基金主要股东及实际控 制人。 根据批复，长宁国资受让淳厚基金5880万元人民币出资，占注册资本比例58.80%。变更完成后，长宁 国资成为淳厚基金的绝对控股股东。变更后的本公司股权结构如下： | 股东名称 | 股权比例 | | --- | --- | | 上海长宁国有资产经营投资有限公司 ...

Group 1 - The Shenzhen Stock Exchange officially announced the inclusion of the CSI Dividend Quality ETF (159209) in the latest margin trading and securities lending list, effective from January 12, 2026 [1] - On January 12, the ETF reached a new historical high during trading, reflecting strong market performance and net subscriptions [1] Group 2 - The continuous capital inflow is attributed to the significant evolution of the fund's strategy, which tracks the CSI Dividend Quality Index that combines "high dividend" and "high quality" factors for rigorous selection [3] - The ETF emphasizes companies with stable dividend capabilities while focusing on profitability, financial stability, and long-term growth potential, aligning with the philosophy of "buying great companies at reasonable prices" [3] - The ETF features a low fee structure of "0.15% + 0.05%", providing a clear cost advantage for long-term holders, and includes a monthly dividend assessment mechanism to enhance the investment experience [3]

Core Viewpoint - The current economic transformation in China is nearing completion, presenting a favorable investment period in A-shares and Hong Kong stocks, particularly in technology, new energy, and cyclical industries [1][7]. Group 1: Investment Philosophy - The investment framework developed by the company emphasizes a bottom-up stock selection approach, focusing on high-quality and growth-oriented companies [2][3]. - The core selection criteria prioritize the company's competitive strength, including business model, competitive barriers, governance structure, and profitability [2]. - The company has adapted its investment strategy to include a focus on industry trends, recognizing that companies in an upward industry trend can better leverage their competitive advantages [3][6]. Group 2: Performance Metrics - The "泉果思源" fund, managed by the company, achieved a unit net value growth rate of 30.37% over the past year, significantly outperforming the benchmark of 15.66% [3][10]. - The fund's performance since inception shows a return of 22.25% compared to a benchmark return of 22.58% [10]. Group 3: Future Investment Focus - The company is optimistic about the A-share market, with a focus on three main investment directions: technology, new energy, and cyclical stocks [7][8]. - In the technology sector, the company is particularly interested in consumer electronics, domestic computing power, and internet/software sectors, which are expected to benefit from the AI wave [8]. - In the new energy sector, the company sees potential in the lithium battery supply chain and offshore wind power, anticipating significant growth driven by strong demand [8][9]. Group 4: Industry Trends - The company identifies the recent strength in the non-ferrous metals sector as a result of improved supply-demand fundamentals, with industrial metals like copper and aluminum expected to see price stability due to long-term capital expenditure constraints [9][10]. - Traditional industries such as chemicals and paper have improved their competitive landscape following capacity reductions, with some products nearing supply-demand balance [10].

【导读】本周 29 只新基金启动募集，被动指数基金仍是 " 主力军 " 中国基金报记者 王思文 新年伊始，全市场共有 29 只新基金在本周密集发行！ 募集目标定在 50 亿元的有天弘价值成长混合型证券投资基金、国泰恒生生物科技交易型开放 式指数证券投资基金、鹏华添鑫 90 天持有期债券型证券投资基金等。 被动指数基金仍是 " 主力军 " 本周（ 1 月 12 日 —1 月 16 日），全市场共 29 只新基金面向投资者公开发行。 从发行特点看，本周新基金的发行主力仍是被动指数型基金。同时，新基金的认购天数有所 缩短，多数新基金选择在两周内完成募集。在募集目标上， 20 亿元、 50 亿元、 80 亿元的 新基金居多。 29 只新基金在本周发行 Wind 数据显示，本周 29 只新基金中， 18 只在周一启动发行，占本周新基金总数的 62% ；周二、周三、周四、周五分别有 4 只、 5 只、 1 只和 1 只基金开始认购。 从认购天数来看，本周新基金中，认购天数较长的达到 90 天，为明亚多元配置三个月持有期 混合型基金中基金（ FOF ）。 其余新基金认购天数均在一个月以内，多数选择在两周内完成募集，较去年下 ...

在最近几年此起彼伏的结构性市场中，有人热衷于追逐短期热点，有人却锚定产业脉络深耕长期价 值。当市场目光聚焦于新旧动能切换的关键机遇，一位历经十六载投研锤炼的 " 穿越周期的基本面 投资者 " ，正凭借扎实的研究功底与成熟的投资框架，在波动中持续为投资者创造收益，他就是泉 果基金董事总经理、研究部总经理刚登峰。 这位拥有十六年从业经验的投研老将，将其历经市场打磨的投资框架，凝练为从宏观周期研究到中观 产业捕捉， " 从产业逻辑的角度去把握产业周期，通过抓住产业趋势来获取投资机会 " ，最终落地 为精选 " 高质量 + 成长 " 型公司的完整链条。 在刚登峰看来，当前经济转型已接近尾声，长期来看，现在 A 股、港股，都是一个非常好的投资时 期。当下乃至未来的最大机遇正蕴藏于科技、新能源与周期这三大脉络的产业景气度之中。这一判 断，也将成为其在泉果的首只开放式基金 " 泉果竞争优势 " 的核心投资逻辑。 经历多轮牛熊转换 " 好公司 " 是核心选股标准 刚登峰拥有 16 年证券从业经验和 11 年投资管理经验。他的投研生涯始于 2009 年，作为一名周期 行业研究员，他早期研究房地产、机械等周期板块，亲自见证了 " ...