写在文章前的声明：在本文之前的说明：本文中所列的投资信息，只是一个对基金资产净值进行排行的客观描述，并无主观倾向性，也不是投资建议，纯属 娱乐性质。 一顿操作猛如虎，基金净值已更新，谁是基金中的王者，谁又垫底，请看数据： 12日开放式基金净值增长排名后10的基金分别是：华夏中证动漫游戏ETF发起式联接D、华夏中证动漫游戏ETF发起式联接C、华夏中证动漫游戏ETF发起式 联接A、国泰中证动漫游戏ETF联接C、国泰中证动漫游戏ETF联接A、国泰中证动漫游戏ETF联接E、中航恒宇港股通价值优选混合发起C、中航恒宇港股通 价值优选混合发起A、汇添富国证港股通创新药ETF发起式联接C、汇添富国证港股通创新药ETF发起式联接A。 基金策略分析：上证指数横向震荡微涨报收，创业板高开高走小阳报收，成交额是2.16万亿，个股涨跌家数比2108：3280，涨跌停个股比69：22。 领涨行业：综合类、矿物制品、船舶、半导体、IT设备涨幅逾2%； 领涨概念：液冷服务器、CPO概念、英伟达、EDA概念、铜缆高速连接、汽车芯片、光通信、高压快充涨幅逾2%。 领跌行业：传媒娱乐、酒店餐饮、旅游、日用化工跌幅逾2%。 | 基金简称 PK | ...

Core Insights - The enthusiasm for mutual fund investments has returned, with a significant increase in fund issuance this year, highlighted by the emergence of several "daylight funds" with substantial initial offerings [1][2] Group 1: Fund Issuance Trends - In January, the number of new public mutual funds reached 169, marking the highest level since March 2023, indicating a notable uptick in the fund issuance market [2] - The shortening of fundraising periods supports the increased demand for new funds, with many funds announcing early closure of fundraising, particularly in popular sectors like ETFs [2] - A total of 27 mixed FOFs completed fundraising by February 11, with several funds raising billions within a single day, becoming a core focus for capital allocation [2][3] Group 2: Specific Fund Performance - Notable fundraising figures include 博时盈泰臻选 FOF raising 58.44 billion, 南方稳嘉多元配置 FOF raising 26.02 billion, and 广发悦丰多元稳健 FOF raising 25.46 billion in a single day [3] - The average subscription period for funds that completed fundraising in January was 15.69 days, reflecting a decrease of 8.50% month-over-month and 13.40% year-over-year [3] Group 3: Active Equity Funds - The return of popular active equity funds is a significant indicator of the warming issuance market, with 43 mixed equity funds successfully completing fundraising in January [4] - The fund 广发研究智选 raised 72.21 billion in just ten days, marking it as the only active equity fund to surpass 70 billion in initial offerings in the past three years [4] Group 4: Pre-emptive Strategies for Fund Issuance - Despite the upcoming Spring Festival, institutions are actively preparing for new fund launches, aiming to capitalize on the post-holiday market window [5][6] - Fund companies are initiating fundraising efforts before the holiday to secure capital and enhance promotional strategies for post-holiday launches [6]

Market Performance - On February 12, the A-share market saw all three major indices close higher, with the Shanghai Composite Index slightly up by 0.05% [1] - The total market turnover reached 2.16 trillion yuan, an increase of over 150 billion yuan compared to the previous day [1] - The CSI A500 Index rose by 0.5%, the CSI 300 Index increased by 0.1%, the ChiNext Index gained 1.3%, and the STAR Market 50 Index was up by 1.8% [1] Sector Performance - The leading sectors included power equipment, liquid cooling services, CPO, optical fiber, semiconductors, minor metals, computing power leasing, and rare earth permanent magnets [1] - Conversely, the sectors that experienced declines were film and television, tourism and hotels, retail, liquor, food processing, airport and shipping, and pork [1] - In the Hong Kong market, the performance was weaker, particularly in the innovative drug sector, which saw significant declines, and technology stocks also experienced a substantial pullback [1]

Group 1: Fixed Income Market Insights - The scale of public fixed income + funds reached a historical high of approximately 2.83 trillion yuan by the end of Q4 2025, with a slight increase of 0.09 trillion yuan from Q3 2025, reflecting a quarter-on-quarter growth of 3.2% [6][7][12] - The top five fund companies in terms of fixed income + fund scale as of December 2025 were: Invesco Great Wall (230.9 billion yuan), E Fund (221.9 billion yuan), Huatai-PB (157.1 billion yuan), and others [7][8] - The equity allocation of fixed income + funds reached its highest level since Q4 2023, with stock, bond, and deposit market values accounting for 9.7%, 86.4%, and 1.5% respectively in Q4 2025 [8][9] Group 2: Fund Performance and Holdings - The average annual return for fixed income + funds in 2025 was 5.35%, with specific returns for different fund types: mixed debt funds (6.7%), first-level debt funds (2.4%), second-level debt funds (4.9%), and convertible bond funds (22.9%) [12] - The manufacturing sector dominated the investment focus of fixed income + funds, with an investment scale of 172.2 billion yuan, accounting for approximately 63% of total stock investments [9][10] - The top ten heavy positions in fixed income + funds showed strong stability, with major stocks like Zijin Mining, CATL, and Tencent remaining in the top three [10][11] Group 3: Banking Sector Analysis - The proportion of active equity funds heavily invested in the banking sector increased from 3.6% in Q3 2025 to 4.4% in Q4 2025, with a significant recovery in the banking index's quarterly return from -10.5% to 4.6% [17][18] - Notable banks such as Ningbo Bank and Jiangsu Bank are recommended for their strong asset quality and risk management capabilities, with Ningbo Bank showing a collaborative model in wealth management and technology finance [20][19] - The overall performance of listed banks is relatively weak, but some banks exhibit strong growth potential due to differentiated operational strategies [20] Group 4: Company-Specific Insights on Haibo Shichuang - Haibo Shichuang, established in 2011, has become a leading player in the domestic energy storage system integration market, ranking first in installed capacity in China by the end of 2024 [21][22] - The company is expected to benefit from the rapid growth of energy storage installations driven by the domestic electricity market reforms, with significant projects already secured [22][23] - Internationally, Haibo Shichuang has established partnerships and local teams in key markets, enhancing its ability to deliver projects and improve profitability, particularly in overseas markets [23][24]

21世纪经济报道记者 杨娜娜 2月10日，睿远基金发布关于增加注册资本的公告。公告显示，公司注册资本由1亿元增加至1.0495亿 元，五家员工持股平台合计增资495万元。本次增资事项已完成，陈光明、傅鹏博等仍是持股比例居前 的股东。 睿远基金此次并非因经营承压让股东"输血"，而是通过内部员工持股平台让核心团队增持公司股权。 本次新增的495万元注册资本，均由睿远基金现有的员工持股平台以现金方式出资。参与增资的5位现有 股东分别为上海盈远企业管理中心（有限合伙）、上海洵远企业管理中心（有限合伙）、上海怡远企业 管理中心（有限合伙）、上海湛远企业管理中心（有限合伙）、上海瑛远企业管理中心（有限合伙）五 家企业。 其中，由公司实控人陈光明担任执行事务合伙人的上海瑛远在本次增资中出资最多。据天眼查数据，本 次增资前上海瑛远认缴的出资额为135.01万元，按本次增资后的出资额460.01万元计算，其新增出资额 达到325万元，为5位增资股东中最多的一家，占比超过65%。作为公募行业重量级人物的陈光明，也正 通过资本纽带将自身利益与公司命运更紧密地绑定在一起。 其中，由实控人陈光明执掌的上海瑛远出资最多，占增资总额65% ...

作者丨 杨娜娜 编辑丨姜诗蔷 图源：上海市基金同业公会 2月2日，上海地区公募基金迎来了极具分量的"开年第一会"。 当日，上海市基金同业公会理事会合规风控专业委员会2026年度第一次会议暨督察长联席会议 在上海召开。中国证监会、上海证监局相关处室负责同志，以及上海地区75家公募基金的总经 理或督察长出席会议。 上海市基金同业公会发文指出，与会代表围绕行业高质量发展、廉洁从业、基金销售行为规 范、投资纠偏的合理平衡、考核激励、公司治理、行业文化等议题充分交流，形成的多项共识 性意见，为行业规范发展提供了实操性参考。 这场会议的规格之高、议题之锐，远超以往。 多位与会公募人士向21世纪经济报道记者证 实，相较于2025年8月举办的督察长联席会议，本次会议不仅重申了合规底线， 更释放了多个 重磅信号，包括严禁未取得销售资质的网络大V开展基金引流活动，以及基金净值估算功能按 要求予以停止。 会议还对部分机构违规外泄监管通报行为提出严厉批评。有资深业内人士向记者表示，被泄露 内容或与此前"全面强化公募基金分红监管"的通报有关。该通报显示，部分基金公司存在利用 基金分红税收优惠政策协助机构投资者逃避税的行为。 可以看得出 ...

香港特别行政区政府财经事务及库务局副局长陈浩濂在致辞时表示："香港作为全球最大离岸人民币枢 纽，去年各项业务取得丰硕成果。展望未来，我们将继续通过提升离岸人民币的流动性、优化离岸人民 币的金融基建、丰富人民币投资和风险管理产品三大举措，充分发挥香港独特的角色和功能。" 华夏基金副董事长、总经理李一梅在致辞时表示："人民币国际化正经历着由'贸易结算驱动'向'投资与 储备驱动'的范式跃迁。目前，离岸人民币存款规模已破万亿，点心债异军突起，全球各类机构纷纷来 港发行。在此背景下，人民币资产正日益从全球投资者的'可选项'转变为'必选项'。华夏基金的战略， 正是通过提前储备人民币投资产品将这一趋势落在实处。我们的使命是填补投资产品空白，不断完善人 民币计价的权益、固收及衍生品全链条产品线，通过我们丰富的主动投资管理能力，为全球投资者创造 真正的、具备黏性的Alpha和人民币资产配置工具。" 在圆桌讨论环节，香港证监会中介机构部执行董事叶志衡博士、香港金融管理局助理总裁许怀志、香港 交易所董事总经理兼固定收益及货币产品发展主管范文超，以及华夏基金(香港)产品及战略部主管何 蕊，就离岸人民币生态系统的建设和发展进行了深入探 ...

2月12日，A股AI算力、电网等板块走强。科创芯片设计、科创AI主题ETF涨超4%，多只创业板人工智能、电网设备等主题ETF涨超3%。 02 01 | 代码 | 简标 | 今日涨幅 | 今日IOPV溢打举 | | --- | --- | --- | --- | | | | (%) | (%) | | 159100.SZ | 巴西ETF | 6.24 | 6.97 | | 513080.SH | 法国CAC40ETF | 4.57 | 5.01 | | 588780.SH | 科创芯片设计ETF | 4.43 | 0.28 | | 588790.SH | 科创AIETF博时 | 4.15 | 0.13 | | 159363.SZ | 创业板人工智能ETF华宝 | 66'E | -0.24 | | 513310.SH | 中韩半导体ETF | 3.42 | 10.06 | | 159561.SZ | 德国ETF嘉实 | 3.37 | 4.42 | | 159326.SZ | 电网设备ETF | 3.26 | 0.17 | | HS 086T99 | 电网ETF | 3.14 | 0.18 | | 159566.S ...

2月10日，睿远基金公告称，已完成注册资本变更，员工持股平台通过现金增资495万元，使公司注册资 本从1亿元提升至1.0495亿元。增资后，公司实际控制人陈光明的持股比例调整为47.5653%，7家员工持 股平台合计持股24.6309%。此次增资未改变原有股东结构，工商变更登记及公司章程备案已同步完 成。 数据显示，截至2025年末，睿远基金管理公募规模为649.18亿元，旗下共6只产品，5只为混合型基金， 规模合计为457.09亿元，1只为债券型基金，规模为192.09亿元。 同日，华安证券发布公告称，公司第四届董事会第三十次会议审议通过了《关于拟增资华富基金管理有 限公司暨关联交易的议案》。华安证券此次增资价款为2646.16万元，增资完成后，其持有华富基金的 股权比例将由49%提升至51%，从而取得控股权。 值得关注的是，有基金公司出现了连续增资的情况。 2月4日，弘毅远方基金公告称，公司股东弘毅投资（北京）有限公司向公司增加出资2900万元。增资完 成后，公司注册资本由3.8亿元增加至4.09亿元，弘毅投资（北京）有限公司持股比例仍为100%。值得 一提的是，这是弘毅远方基金连续第4年增加注册资本。数 ...

Core Viewpoint - European financial institutions are increasingly reducing their investments in US dollar assets and shifting focus towards European and emerging market economies due to growing uncertainties in US monetary and fiscal policies [1][2][3] Group 1: Investment Trends - A survey by Barclays Bank revealed that investor willingness to invest in US-based hedge funds has significantly decreased, while interest in hedge funds based in Asia and Europe has notably increased [1] - The Dutch pension fund ABP reported a substantial decline in the market value of its US Treasury holdings, from nearly €29 billion to around €19 billion, indicating a potential sale of US debt rather than mere price fluctuations [2] - Major European pension funds, including Sweden's Alecta and Denmark's AkademikerPension, have announced plans to sell or have already sold their US Treasury holdings [2] Group 2: Risk Assessment - Analysts suggest that the trend of European capital reallocating away from US assets reflects a rational assessment of multiple risks, including geopolitical tensions and economic policies from the US that have increased market uncertainty [2][3] - The ongoing discussions in Europe about the potential "weaponization" of US assets highlight the growing concerns regarding the stability of US investments [2] Group 3: Strategic Adjustments - European institutions are not completely divesting from dollar assets but are strategically diversifying their asset allocations to mitigate risks associated with US policies [3] - The shift in investment behavior towards reducing exposure to dollar assets is seen as a psychological effect that could further pressure the prices of these assets [3] - There is a clear trend of structural adjustment within European capital, with investors actively hedging against political risks related to US policies and reassessing their long-term relationships with the US market [3]