中国经济网北京12月24日讯 今日，金信基金管理有限公司发布关于旗下基金持有的长期停牌股票 调整估值方法的公告。 公告称，根据中国证监会《中国证监会关于证券投资基金估值业务的指导意见》（中国证监会发 [2017]第13 号）、中国证券业协会基金估值工作小组《关于停牌股票估值的参考方法》以及中国证券投 资基金业协会《关于发布中基协（AMAC）基金行业股票估值指数的通知》(中基协发[2013] 第13号)的 有关规定，经金信基金管理有限公司与托管银行协商一致，决定于2025年12月23日起对该公司旗下基金 所持有"中微公司"（股票代码688012SH）采用"指数收益法"进行估值，并采用中基协AMAC行业指数作 为计算依据。 (责任编辑：康博) 在"中微公司"复牌且其交易体现了活跃市场交易特征后，恢复按市场价格进行估值。 ...

Market Performance - On December 24, the three major A-share indices collectively rose, with the Shanghai Composite Index increasing by 0.53% to 3940.95 points, the Shenzhen Component Index rising by 0.88% to 13486.42 points, and the ChiNext Index up by 0.77% to 3229.58 points [1]. Fund Manager Changes - On December 24, a total of 23 fund managers experienced changes in their positions, with 35 fund products announcing fund manager departures, involving 13 fund managers. In the past 30 days (November 24 to December 24), 672 fund products had fund manager changes [3][4]. - The reasons for the changes included 8 fund managers leaving due to job changes, 2 due to personal reasons, and 3 due to product expiration [3]. New Fund Manager Appointments - On December 24, 27 fund products announced new fund manager appointments, involving 11 fund managers. Notably, Lu Zhiming from GF Fund currently manages assets totaling 242.87 billion yuan, with his highest-performing product being the GF CSI All Share Medical Health ETF, which achieved a return of 119.61% over 6 years and 200 days [5]. Fund Research Activity - In the past month (November 24 to December 24), Bosera Fund conducted the most company research, engaging with 40 listed companies. Other active funds included Southern Fund, Huatai-PineBridge Fund, and China Universal Fund, which researched 37, 34, and 33 companies respectively. The specialized equipment industry was the most researched, with 167 instances, followed by the chemical products industry with 131 instances [7][8]. - In the last week (December 17 to December 24), the most researched company was Lingyi iTech, which belongs to the consumer electronics sector and was engaged by 40 fund institutions [9].

Group 1 - Liu Gesong has resigned from the position of fund manager for the Guangfa Small Cap Growth Mixed Fund (LOF) [1][2] - Guangfa Small Cap Growth Mixed Fund (LOF) was established on February 2, 2005, and March 18, 2020, with a year-to-date return of 40.37% and 39.83% respectively [1] - The fund has an overall return since inception of 1066.07% and 13.89%, with cumulative net values of 5.2292 yuan and 2.8388 yuan [1] Group 2 - The fund is managed by Guangfa Fund Management Co., Ltd., and the announcement is based on the "Measures for the Disclosure of Information on Publicly Raised Securities Investment Funds" [2] - Other fund managers jointly managing the fund include Wu Yuanyi and Chen Fuzhong [2] - The change in fund manager is classified as a dismissal [2]

Core Viewpoint - Tong Guolin has resigned from multiple ETFs managed by Western Li De Fund, indicating a significant change in the management structure of these funds [1][4][5]. Fund Performance Summary - The Western Li De Shen Zhen Dividend ETF, established on June 18, 2021, has a year-to-date return of 10.83% and a cumulative return of -13.13%, with a net asset value of 0.8685 yuan as of December 23, 2025 [1]. - The Western Li De Growth Enterprise Board ETF, launched on June 19, 2020, has a year-to-date return of 62.69% and a cumulative return of 38.60%, with a net asset value of 1.3861 yuan as of December 23, 2025 [1]. - The Western Li De Growth Enterprise Board ETF Connect A/C, established on December 1, 2021, has year-to-date returns of 56.27% and 55.82%, with cumulative returns of 3.25% and 2.00%, and net asset values of 1.0325 yuan and 1.0200 yuan respectively [2]. - The Western Li De Comprehensive ETF Connect A/C was established on November 3, 2025, while the Western Li De Hang Seng Technology Index (QDII) A/C was established on July 24, 2025, with cumulative returns of -5.43% and -5.53% respectively as of December 23, 2025 [3]. Management Changes - Tong Guolin has been dismissed as the fund manager for the Western Li De Shen Zhen Dividend ETF and the Western Li De Growth Enterprise Board ETF, among others, with other managers including Zhou Ping and Qi Wei continuing to manage these funds [4][5].

Group 1 - The core viewpoint of the news is that He Sheng New Materials has seen a stock price increase of 1.44% to 42.28 CNY per share, with a total market capitalization of 10.49 billion CNY and a cumulative increase of 5.07% over the last three days [1] - He Sheng New Materials specializes in the development of composite materials for home appliances, with 97.87% of its revenue coming from these products, while other revenues account for 1.98% and trade income for 0.15% [1] - The company was founded on November 15, 2002, and went public on September 3, 2009, located in Suzhou Industrial Park, Jiangsu Province [1] Group 2 - The top circulating shareholder of He Sheng New Materials is the Xingzheng Global Fund, which has a fund named Xingquan Light Asset Mixed (LOF) that entered the top ten circulating shareholders in the third quarter, holding 3.7466 million shares, accounting for 1.51% of circulating shares [2] - The fund has achieved a return of 14.4% this year, ranking 5088 out of 8088 in its category, and a return of 14.06% over the past year, ranking 5102 out of 8058 [2] - The fund manager, Cheng Jian, has a tenure of 2 years and 330 days, with a best return of 41.53% during his tenure, while Dong Li has a tenure of 10 years and 291 days, with a best return of 77.02% [2] Group 3 - The Xingquan Light Asset Mixed (LOF) fund holds 3.7466 million shares of He Sheng New Materials, making it the fourth-largest holding in the fund, with a net asset value proportion of 5.16% [3] - The fund has generated a floating profit of approximately 2.248 million CNY today and a total of 7.6431 million CNY during the three-day stock price increase [3]

Group 1 - The core viewpoint of the news is that Chuaneng Power has experienced a stock price increase of 5.24% over the last four days, with a current price of 12.04 CNY per share and a total market capitalization of 22.228 billion CNY [1] - Chuaneng Power, established on October 20, 1997, and listed on September 26, 2000, is primarily engaged in renewable energy generation, including wind power, solar power, and waste-to-energy, as well as lithium mining and processing, and environmental sanitation services [1] - The revenue composition of Chuaneng Power is as follows: wind power business accounts for 50.70%, environmental business for 34.63%, and lithium battery business for 14.67% [1] Group 2 - Among the top ten circulating shareholders of Chuaneng Power, the Southern Fund's Southern CSI 500 ETF (510500) reduced its holdings by 356,300 shares in the third quarter, now holding 16.0806 million shares, which is 0.87% of the circulating shares [2] - The Southern CSI 500 ETF has achieved a year-to-date return of 28.89% and a one-year return of 26.83%, ranking 1688 out of 4197 and 1768 out of 4157 respectively [2] - The fund manager of Southern CSI 500 ETF, Luo Wenjie, has a total fund asset scale of 170.251 billion CNY, with the best fund return during his tenure being 149.38% [3]

Group 1 - The core point of the announcement is that the Guotai Haitong New锐 Quantitative Stock Mixed Securities Investment Fund may trigger termination conditions as it has continuously reported a net asset value below 50 million yuan for 40 consecutive working days as of December 23, 2025 [1][2] - The fund's management will initiate a liquidation process if the net asset value remains below 50 million yuan for 50 consecutive working days, without the need for a meeting of fund shareholders [2] - The fund is managed by Shanghai Guotai Haitong Securities Asset Management Co., Ltd., and the custodian is China Minsheng Bank Co., Ltd. [1] Group 2 - The fund's contract stipulates that if the number of fund shareholders falls below 200 or the net asset value is below 50 million yuan for specified periods, the fund management must disclose this in regular reports [1] - Upon entering the liquidation process, the fund will cease to process subscriptions and redemptions [3] - Investors are encouraged to read the fund's contract, prospectus, and product information for detailed information [3]

Group 1 - The company, Dongcai Fund Management Co., Ltd., is participating in a fee discount activity for fund subscription and purchase through Great Wall Securities Co., Ltd. to better meet investors' financial needs [1][2] - The fee discount period will be determined by the announcements made by Great Wall Securities [1][5] - The fee discount applies to all fund products sold through Great Wall Securities during the specified period, with no discount limit on subscription and purchase fees [3][4] Group 2 - Investors can participate in the fee discount activity by subscribing or purchasing the specified funds through Great Wall Securities [4][5] - Detailed information regarding the original fee rates and fund specifics can be found in the relevant legal documents such as the fund contract and prospectus [5][6] - Investors are encouraged to consult Dongcai Fund Management Co., Ltd. or Great Wall Securities for further details regarding the fee discount activity [7]

易方达中小企业100指数（LOF）（161118）发布公告，宣布基金经理刘树荣因工作需要于2025年12月 24日离任。刘树荣离任后仍将担任易方达基金管理有限公司的基金经理和基金经理助理。 易方达中小企业100指数（LOF）（161118）发布公告，宣布基金经理刘树荣因工作需要于2025年12月 24日离任。刘树荣离任后仍将担任易方达基金管理有限公司的基金经理和基金经理助理。 ...

Core Viewpoint - The announcement from Caitong Asset Management highlights the successful launch of its first floating fee rate fund, which utilizes a management fee model linked to holding period and performance, reflecting a growing trend in the public fund sector towards floating management fees [1] Group 1: Fund Details - Caitong Asset Management's first floating fee rate fund, the Caitong Asset Management Quality Research Mixed Initiation Fund, completed its initial fundraising from December 3 to December 23 [1] - The fund's management fee will fluctuate between 0.6% and 1.5%, depending on the holding duration and return level of each share [1] - Since the release of the "Action Plan for Promoting High-Quality Development of Public Funds" in May, over 50 new floating fee rate funds have been established, including two managed by securities asset management public managers [1] Group 2: Investment Focus Areas - The fund's proposed manager, Li Xiang, plans to focus on four key areas: 1. Capitalizing on the wave of technological innovation, particularly in the domestic computing power industry chain and AI applications [1] 2. Allocating resources in industrial metals with rigid supply, seizing opportunities from rising price levels [1] 3. Identifying leading companies in niche industries with improved cash flow and optimized competitive landscapes, particularly in aviation and chemicals for value reassessment opportunities [1] 4. Investing in the consumer sector, which is at historical valuation lows, to capture recovery potential from fundamental improvements [1]