Group 1 - The A-share market has entered a "slow bull" phase in 2025, with the Shanghai Composite Index rising from 3300 points at the beginning of the year to around 4000 points, recently achieving a "9 consecutive days" rally [1][2] - Public funds have seen significant recovery in returns, with over 160 funds achieving a doubling of returns this year, the highest being Yongying Technology Smart Mixed Fund A with a return of 240.56% [1][2] - Despite the overall positive trend, over 850 funds have reported negative returns this year, with the worst performer being Huafu Medical Innovation C, which has a return of -25.61% [6] Group 2 - The top three performing public funds this year are Yongying Technology Smart Mixed Fund A, Yongying Technology Smart Mixed Fund C, and AVIC Opportunity Navigation Mixed Fund A, with returns of 240.56%, 238.44%, and 177.15% respectively [2] - Yongying Technology Smart Mixed Fund A experienced a significant performance surge in Q3, with a return of 99.74%, leading to an increase in fund size from 1.166 billion to 11.521 billion yuan [2] - The funds achieving high returns predominantly focus on technology stocks, particularly in the AI computing power industry, with "Yizhongtian" stocks (Xinyism, Zhongji Xuchuang, and Tianfu Communication) being common in their top holdings [4][5] Group 3 - The market outlook for 2026 remains optimistic, with expectations of continued "slow bull" trends and enhanced profitability, particularly in the technology sector [6][7] - Analysts suggest that while technology stocks will remain a key investment focus, there will be differentiation among stocks, with leading companies that can secure orders and deliver performance likely to attract more investment [7] - The investment strategy should emphasize diversified asset allocation, focusing on high-growth technology assets while also incorporating high-dividend and quality cash flow assets to mitigate market volatility [7]

■ 三、本公告第一点所列基金外，本公司旗下投资范围包括港股通标的股票的基金，若基金参与港股通交 易且该工作日为非港股通交易日，则本公司可根据实际情况决定基金是否开放申购及赎回业务，具体以 届时提前发布的公告为准。 登录新浪财经APP 搜索【信披】查看更多考评等级 根据兴证全球基金管理有限公司（以下简称"本公司"）旗下基金的基金合同和招募说明书的有关规定， 本公司旗下部分基金申购和赎回的开放日为上海证券交易所、深圳证券交易所的正常交易日，若该工作 日为非港股通交易日，则本基金不开放，但基金管理人根据法律法规、中国证监会的要求或本基金合同 的规定公告暂停申购、赎回时除外。若出现新的证券交易市场、证券交易所交易时间变更或其他特殊情 况，本公司将视情况对前述开放日及开放时间进行相应的调整，但应在实施日前依照《信息披露办法》 的有关规定在规定媒介上公告。 为了保障基金平稳运作，保护持有人利益，根据上海证券交易所《关于2026年沪港通下港股通交易日安 排的通知》和深圳证券交易所《关于2026年深港通下的港股通交易日有关安排的通知》，本公司决定在 下列2026年非港股通交易日暂停部分基金的申购、赎回、转换、定投等交易类业务 ...

Group 1 - The company has approved the establishment of a new investment fund, the Fujian Fojin Xinke Venture Capital Partnership, with a total subscribed capital of RMB 30 million, in which the company will contribute RMB 5 million, accounting for 16.67% of the total [2] - The fund has completed its business registration and obtained a business license from the Fuzhou Jin'an District Market Supervision Administration, with the establishment date set for December 12, 2025 [3] - The fund has also completed the necessary registration and filing with the Asset Management Association of China, receiving a private investment fund filing certificate [3][4] Group 2 - The fund's main activities will include private equity investment, investment management, and asset management, specifically targeting investments in unlisted companies [3] - The fund's management will be handled by Fujian Electronic Information Industry Equity Investment Management Co., Ltd., with Wang Zuo as the appointed representative [3] - The fund's registered address is located at the San Chuang Center, Fuxing Avenue, Jin'an District, Fuzhou City [3]

| 基金名称 | 交银施罗德优择回报灵活配置混合型证券投资基金 | | --- | --- | | 基金简称 | 交银优择回报灵活配置混合 | | 基金主代码 | 519770 | | 基金管理人名称 | 交银施罗德基金管理有限公司 | | 公告依据 | 《基金管理公司投资管理人员管理指导意见》、《公开募集证券投资 | | | 基金信息披露管理办法》等 | | 基金经理变更类型 | 解聘基金经理 | | 共同管理本基金的其他基 | 周珊珊 | | 金经理姓名 | | | 离任基金经理姓名 | 要承接 | 中国经济网北京12月30日讯 近日，交银施罗德基金公告，姜承操离任交银优择回报灵活配置混 合，周珊珊管理。 (责任编辑：康博) 交银优择回报灵活配置混合A/C成立于2016年4月22日，截至2025年12月29日，其今年来收益率为 145.37%、144.85%，成立来收益率为274.81%、274.11%，累计净值为3.5691元、3.5617元。 周珊珊2008年至2012年任华安基金管理有限公司交易员，2012年至2016年任银河基金管理有限公司 基金经理，2016年任国金基金管理有限公司投资经理、基金 ...

Core Viewpoint - The announcement details the operational guidelines for the subscription and redemption of the "招商上证综合增强策略交易型开放式指数证券投资基金," including minimum investment amounts, fees, and procedures for investors [26][27]. Subscription and Redemption Operations - The fund allows subscription and redemption on normal trading days of the Shanghai and Shenzhen Stock Exchanges, with specific times announced by the fund manager [1]. - The minimum subscription and redemption unit is set at 3 million shares, subject to adjustments based on market conditions and investor demand [2][6]. - The fund manager may impose limits on the maximum subscription and redemption amounts per day to protect existing investors' interests [4][10]. - A commission fee of up to 0.8% of the subscription or redemption amount may be charged by the agents [5][11]. Fund Sales Institutions - Investors must conduct subscription and redemption transactions through designated agents, with a list of these agents provided by the fund manager [12]. - The fund manager reserves the right to change the list of agents based on operational needs [12]. Net Asset Value Disclosure - The fund manager is required to disclose the net asset value of the fund at least weekly before the fund shares are traded [13]. - After trading begins, the net asset value must be disclosed no later than the next day after each trading day [13]. Additional Information - The fund operates on a "share subscription, share redemption" basis, and all applications must adhere to the established rules [14]. - The fund manager may adjust the subscription and redemption methods and fees as necessary, with prior announcements made in accordance with regulations [15][23].

Group 1 - The core point of the article is the announcement of the departure of Wang Liang, the fund manager of Minsheng Jianyin Core Asset Equity Fund, due to internal adjustments, effective December 25, 2025 [2][3] - Wang Liang has been the fund manager since the fund's inception in November 2021, and after his departure, Liu Hao will take over the management of the fund [3] - Liu Hao, who has no prior fund management experience, previously worked as an industry researcher and joined Minsheng Jianyin Fund in July 2020 [3] Group 2 - As of December 25, 2025, the unit net value of Minsheng Jianyin Core Asset Equity Fund has decreased by 19.72% since its establishment, while it has increased by 20.65% over the past year [4] - By the end of Q3 2025, the fund's net asset value was approximately 1.03 billion yuan, down from an initial subscription amount of about 2.22 billion yuan [3][4] - The fund's portfolio is heavily weighted in stocks, with 90.66% of its assets in equities, including major holdings in companies like Zijin Mining, CNOOC, and Tencent [4] Group 3 - The fund's investment strategy focuses on global pricing resources, cross-border banks, industry leaders, and deep value stocks, with a significant allocation to copper and gold companies [5] - The fund has maintained a high turnover rate, exceeding 400% from 2023 to mid-2025, indicating frequent trading and increased portfolio volatility [4] - In Q3, the fund reduced trading frequency and increased allocations to sectors expected to benefit from future economic cycles, such as regional utilities and infrastructure in Southeast Asia [5]

Group 1 - The core viewpoint of the news is that Yuanzu Co., Ltd. has shown a slight increase in stock price, reaching 13.60 yuan per share, with a total market capitalization of 3.264 billion yuan as of December 30 [1] - Yuanzu Co., Ltd. was established on August 20, 2002, and went public on December 28, 2016. The company specializes in the research, production, and sales of baked goods [1] - The main revenue composition of Yuanzu Co., Ltd. includes 95.98% from product sales, 2.88% from unused stored value card income, 0.57% from franchise fees, 0.33% from licensing fees, and 0.24% from other sources [1] Group 2 - Among the top ten circulating shareholders of Yuanzu Co., Ltd., Huatai-PB Fund's ETF holds 10.6831 million shares, unchanged from the previous period, representing 4.45% of the circulating shares [2] - The Huatai-PB SSE Dividend ETF was established on November 17, 2006, with a current scale of 19.676 billion yuan. It has experienced a loss of 0.2% this year, ranking 4080 out of 4195 in its category [2] - The fund has achieved a return of 262.47% since its inception, with a one-year return of 0.7%, ranking 3960 out of 4179 in its category [2]

来源：智通财经 截至2025年12月30日午间收盘，中证A500指数(000510)上涨0.13%，A500ETF易方达(159361)上涨 0.16%，换手14.36%，成交48.62亿元，市场交投活跃。 拉长时间看，截至12月29日，A500ETF易方达(159361)近5个交易日内有4日资金净流入，合计"吸 金"48.41亿元。 A500ETF易方达(159361)紧密跟踪中证A500指数，中证A500指数从各行业选取市值较大、流动性较好 的500只证券作为指数样本，以反映各行业最具代表性上市公司证券的整体表现。 A500ETF易方达：159361 联接A：022459 联接C：022460 联接Y：022930 A500ETF易方达(159361)的管理费率为0.15%，托管费率为0.05%，均为行业最低水平，能为投资者节省 投资成本。 A500ETF易方达(159361)具备跟踪优质指数、费用低、交易优势大、方便场外参与以及投资分散化、跟 踪市场表现、透明度高和适合长期定投等特点和优势，备受市场关注。 华西证券认为，"春季躁动"的积极条件正在积累。当前来看，海外美联储降息和日本央行加息均已落 地，市 ...

Group 1 - The core point of the article highlights the performance and business structure of China Youth Travel Service (CYTS), which saw a stock increase of 1.01% to 10.05 CNY per share, with a trading volume of 180 million CNY and a market capitalization of 7.275 billion CNY [1] - CYTS was established on November 25, 1997, and listed on December 3, 1997, with its main business activities including tourism, high-tech, venture capital, and securities investment [1] - The revenue composition of CYTS includes IT products (44.11%), integrated marketing services (15.83%), tourism services (15.81%), scenic area services (9.47%), real estate sales (5.43%), hotel services (2.67%), technical services (2.49%), tourism products (2.42%), leasing services (1.75%), and others (0.02%) [1] Group 2 - From the perspective of the top ten circulating shareholders of CYTS, the FuGuo Fund's ETF (159766) increased its holdings by 448.47 thousand shares in the third quarter, totaling 1,198.67 thousand shares, which represents 1.66% of the circulating shares [2] - The FuGuo Zhongzheng Tourism Theme ETF (159766) was established on July 15, 2021, with a current scale of 4.927 billion CNY, yielding 12.94% this year, ranking 3304 out of 4195 in its category, and 9.63% over the past year, ranking 3418 out of 4179 [2] - The fund manager of FuGuo Zhongzheng Tourism Theme ETF is Cao Ludi, who has been in the position for 5 years and 226 days, with a total asset scale of 20.456 billion CNY, achieving the best fund return of 121.73% and the worst return of -44.98% during the tenure [3]

Group 1 - The core viewpoint of the news is the performance and business profile of Guangdong Yaowang Technology Co., Ltd., which has seen a stock price increase of 1.27% to 6.36 CNY per share, with a total market capitalization of 5.95 billion CNY [1] - The company was established on July 25, 2002, and listed on September 3, 2009, focusing on the production and sales of multi-brand mid-to-high-end fashion footwear, as well as diversified fashion products [1] - The main business revenue composition includes social e-commerce at 58.70%, new media advertising at 32.33%, apparel and footwear at 4.56%, self-owned brands and brand distribution at 3.97%, and others at 0.45% [1] Group 2 - Noan Fund's Noan Flexible Allocation Mixed Fund (320006) has entered the top ten circulating shareholders of Yaowang Technology, holding 2.7025 million shares, which is 0.31% of the circulating shares [2] - The fund has achieved a year-to-date return of 45.05%, ranking 1535 out of 8087 in its category, and a one-year return of 42.17%, ranking 1544 out of 8085 [2] - The fund manager, Liu Xiaofei, has a tenure of 3 years and 50 days, with the fund's total asset size at 909 million CNY and a best return of 41.69% during his tenure [3]