北京商报讯（记者 刘宇阳）12月17日，中邮创业基金发布基金行业高级管理人员变更公告。公告内容显示，自 12月16日起，张涛新任公司董事长，同日，原董事长毕劲松因年满退休离任。 | 基金管理人名称 | 中邮创业基金管理股份有限公司 | | --- | --- | | 公告依据 | 《公开募集证券投资基金信息披露管理办 | | | 法》、《证券基金经营机构董事、监事、高 | | | 级管理人员及从业人员监督管理办法》等 | | | 相关法律法规 | | 高管变更类型 | 新任基金管理公司董事长,离任基金管理 | | | 公司董事长 | | 新任高级管理人员职务 | 重事长 | | | --- | --- | --- | | 新任高级管理人员姓名 | 张涛 | | | 是否经中国证监会核准取得高管任职资格 | | | | 中国证监会核准高管任职资格的日期 | | | | 任职目期 | 2025年12月16日 | 图片来源：公告截图 | 过往从业经历显示，张涛曾任华泰证券总裁办公室总裁秘书、投资银行一部业务经理、福州办事处副主任、上 海总部投资银行业务部副总经理（主持工作）、深圳总部副总经理（主持工作）、深圳彩田路 ...

12月17日，中邮创业基金管理股份有限公司发布关于高级管理人员变更的公告称，公司新任命张涛为董 事长，任职日期为2025年12月16日。原董事长毕劲松退休离任。 | 新任高级管理人员职务 | 重重长 | | --- | --- | | 新任高级管理人员姓名 | 张涛 | | 是否经中国证监会核准取得高管任职资格 | | | 中国证监会核准高管任职资格的日期 | | | 任职日期 | 2025年12月16日 | | 过往从业经历 | 曾任华泰证券股份有限公司总裁办公室总 | | | 裁秘书、投资银行一部业务经理、福州办 | | | 事处副主任、上海总部投资银行业务部副 | | | 总经理(主持工作)、深圳总部副总经理(主 | | | 持工作)、深圳彩田路营业部总经理、董事 | | | 会秘书兼总裁助理兼董事会办公室主任、 | | | 副总裁,华泰期货有限公司董事长,钟山 | | | 有限公司董事、副总经理,钟山金融控股 | | | 有限公司董事长,东兴证券股份有限公司 | | | 财务负责人、董事、总经理,首创证券股 | | | 份有限公司总经理等职务。现任首创证券 | | | 股份有限公司党委书记、董事长。 ...

Core Viewpoint - The recent draft of the "Guidelines for Performance Assessment Management of Fund Management Companies" has introduced significant changes in the public fund industry, particularly emphasizing the requirement for executives and fund managers to invest their own money in their funds [1] Group 1: Guidelines Overview - The guidelines mandate that executives, heads of major business departments, and fund managers must allocate a certain percentage of their performance-based compensation to purchase their company's public funds, with a holding period of no less than one year [1] - Specifically, executives and department heads are required to use 30% of their total performance compensation to buy their company's public funds, with at least 60% of that amount allocated to equity funds unless the company does not offer equity funds [1] - Fund managers must invest 40% of their total performance compensation in the funds they manage [1] Group 2: Self-Purchase Statistics - As of December 15, 138 public fund institutions have made a total of 8,546 self-purchases, with a net subscription amount reaching 255.09 billion yuan, involving 1,561 fund products [1] - This represents a dramatic increase of 1,733.71% compared to the net subscription amount of 13.91 billion yuan in the same period of 2024 [1] Group 3: Major Self-Purchasing Institutions - The top self-purchasing institution is ICBC Credit Suisse Fund, with a net subscription amount exceeding 17 billion yuan and 59 self-purchases [2][4] - Following closely is Bank of China Fund with over 7 billion yuan in net subscriptions and 238 self-purchases, and China Merchants Securities Asset Management with over 7 billion yuan and 188 self-purchases [4] - Other notable institutions include Guotai Junan Fund, Penghua Fund, and CCB Fund, with net subscription amounts exceeding 5 billion yuan, 4 billion yuan, and 4 billion yuan respectively [4]

Group 1: Fixed Income Insights - The focus is on the asset allocation challenges in a low interest rate environment in 2026, with a deep dive into the framework of major asset allocation and the steady approach of "fixed income +" strategies [2] - The strategic value of bond ETFs and structural opportunities in credit bonds and convertible bonds will be analyzed to provide practical guidance for diversified allocation [2] Group 2: Macroeconomic Stability - The forum will explore how China's macro economy can achieve "steady progress" in 2025, addressing whether the current economy is "steady with progress" or "progress with concerns" [5] - Key issues such as low CPI operation and the stabilization of the real estate market will be discussed, along with the balance between "stabilizing growth" and "preventing risks" [5] Group 3: Technology Sector Strategy - The outlook for 2026 highlights the advancement of AI, focusing on three main areas: the large-scale implementation of domestic computing power, breakthroughs in multimodal capabilities of large models, and the scaling of enterprise-level AI applications [7] - The discussion will center on the industrial transition from "+AI" to "AI+" and the investment opportunities that arise from this shift [7] Group 4: Real Estate Market Analysis - The analysis indicates that stable policy expectations, a low interest rate environment, and improved supply-demand structures are key forces supporting the stabilization of the real estate market [10]

Core Viewpoint - The article emphasizes the importance of aligning the public fund industry with the strategic directives from the 20th Central Committee of the Communist Party of China, focusing on serving the real economy and promoting high-quality development in the fund industry [2][8]. Group 1: Service to the Real Economy - The public fund industry is tasked with the mission of supporting the real economy, which is essential for its own sustainable growth [3]. - Dachen Fund recognizes the need to enhance the quality and effectiveness of its services to the real economy, aiming to direct financial resources towards innovative and growth-oriented sectors [3][4]. - The company aims to integrate the service to the real economy into its development strategy and daily operations, aligning with the construction of a modern industrial system [3][4]. Group 2: Strengthening Professional Capabilities - Strong professional capabilities are deemed essential for financial services to effectively support the real economy, including excellent research and investment capabilities, a scientific risk control system, and a matching asset management scale [4]. - Dachen Fund has been actively transforming its operations by developing a comprehensive investment research system and enhancing compliance and risk management measures [4]. - The company has seen its total management scale for equity products reach 300 billion yuan, doubling over the past three years, and its fixed-income products reach 400 billion yuan, also nearly doubling [4]. Group 3: Strategic Focus on Key Areas - Dachen Fund is committed to focusing on key strategic areas such as technology finance, green finance, and pension finance, aligning its investment practices with national strategic goals [6][7]. - The company has increased its asset allocation in the information technology sector, with a growing proportion of its public funds directed towards this area [6]. - In green finance, Dachen Fund has integrated ESG factors into its investment decision-making process and has seen its assets in green finance-related funds nearly double over the past three years [6][7]. Group 4: Product Innovation - Product innovation is identified as a crucial approach for public funds to enhance their service to the real economy, addressing the diverse and complex financing needs of market participants [7]. - Dachen Fund has developed a range of innovative products, including ETFs focused on technology and green finance, to better meet the financing demands of strategic sectors [7]. - The company has actively participated in the development of multi-layered capital markets, launching various funds and engaging in new stock issuances and refinancing activities [7]. Group 5: Future Outlook - Looking ahead, Dachen Fund plans to continue its commitment to the principles outlined in the 20th Central Committee's directives, focusing on enhancing professional investment capabilities and innovating practices to contribute to the real economy and national strategies [8].

Core Viewpoint - The meeting led by Liu Kun emphasized the importance of the Central Economic Work Conference in shaping the economic work for 2026, providing strategic guidance for the upcoming "14th Five-Year Plan" [1] Group 1: Economic Strategy - The meeting highlighted the need to deeply study and implement the spirit of Xi Jinping's important speeches and the decisions made during the 20th Central Committee's Fourth Plenary Session, aiming to enhance confidence and ensure the implementation of the Party's decisions [1] - It was noted that the conference serves as a comprehensive summary of the economic work for 2025 and a profound analysis of the current economic situation, which is crucial for guiding future economic efforts [1] Group 2: Fund Management - The meeting stressed the importance of prudently managing fund investments by closely monitoring domestic and international macroeconomic conditions and capital market trends [1] - There is a focus on effective asset allocation and maintaining a balance between safety and active support for national development needs, particularly in technology and industry innovation [1] Group 3: Long-term Planning - The meeting called for a long-term strategic approach to the development of the social security fund, aligning with the key tasks outlined in the "14th Five-Year Plan" and the Central Economic Work Conference [1] - It emphasized the need for systematic planning to ensure high-quality development of the social security fund, integrating various key tasks for effective implementation [1]

Group 1 - The report highlights that since August, the London gold spot price has surged, reaching a peak of 4380 USD/ounce, driven primarily by significant inflows into derivatives and ETFs. After a deep correction in October, market sentiment has rebounded, with key indicators showing a stable net long position in derivatives and continued ETF inflows [1][10][13] - The report outlines three main reasons for a long-term bullish outlook on gold: 1. Macro narrative: The ongoing debt crisis is expected to reshape the global order, with U.S. federal debt reaching historical highs and increasing geopolitical risks [1][29] 2. Fundamental factors: A decline in real interest rates is anticipated to provide marginal support for gold prices, especially with the Federal Reserve expected to lower rates in December [2][40] 3. Financial factors: Continued inflows into ETFs and central bank purchases of gold are identified as key drivers for gold prices, with significant ETF inflows recorded in 2025 [2][50] Group 2 - The report indicates that the recent correction in gold prices is viewed as a normal reaction to profit-taking and market sentiment adjustments, rather than a fundamental shift in the bullish trend [10][17] - The analysis suggests that the geopolitical landscape is characterized by both local easing and rising tensions, which has led to a structural adjustment in risk aversion, reinforcing gold's value as a safe-haven asset [25][29] - The report emphasizes that the ongoing restructuring of the global monetary credit system and the trend of de-dollarization are expected to continue driving demand for gold, particularly from central banks [55][56] Group 3 - The report discusses the trading rhythm for gold, suggesting that while current price levels are not low, the volatility has decreased post-October correction, indicating reduced short-term risk. Key upcoming economic indicators, such as U.S. non-farm payroll data, are expected to influence gold prices [5][69] - The report details the performance of the Bank of China Shanghai Gold ETF (518890), which has seen a significant increase in both shares and scale, with a 289.3% increase in shares and a 496.55% growth in scale since the end of 2024 [5][80] - The report outlines the characteristics of the Shanghai Gold Concentrated Pricing Contract, which serves as the underlying asset for the ETF, emphasizing its role in reflecting the true market value of gold in China [76][78]

中国经济网北京12月16日讯 今日，华泰证券(上海)资产管理有限公司公告，华泰紫金月月发1个月 滚动债券发起、华泰紫金季季享定开债券发起增聘刘鹏飞。 | 基金名称 | 华泰紫金季季享定期开放债券型发起式证券投资基 | | --- | --- | | | 金 | | 基金简称 | 华泰紫金季季享定开债券发起 | | 基金主代码 | 006654 | | 基金管理人名称 | 华泰证券(上海)资产管理有限公司 | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》、 | | | 《基金管理公司投资管理人员管理指导意见》 | | 基金经理变更类型 | 增聘基金经理 | | 新任基金经理姓名 | 刘鹏飞 | | 共同管理本基金的其他基金经理 | 肖芳芳 | | 姓名 | | 刘鹏飞2016年加入东莞证券资产管理部，先后任债券交易员、研究员；2019年加入广发基金管理有 限公司，任债券研究员。2020年加入华泰证券（上海）资产管理有限公司，现担任基金经理。 华泰紫金月月发1个月滚动债券发起A/C成立于2021年7月1日，截至2025年12月15日，其今年来收 益率为1.25%、1.25%，成立来收益率为9.73% ...

Market Performance - On December 16, the A-share market saw declines across major indices, with the Shanghai Composite Index falling by 1.11% to 3824.81 points, the Shenzhen Component Index dropping by 1.51% to 12914.67 points, and the ChiNext Index decreasing by 2.1% to 3071.76 points [1] Fund Manager Changes - On December 16, there were 20 fund manager changes, with 631 fund products experiencing manager departures in the past 30 days (from November 16 to December 16) [3] - Among the changes on December 16, 25 fund products announced manager departures, involving 10 fund managers. The reasons for these changes included 5 due to job changes, 1 for personal reasons, and 4 due to product expiration [3] New Fund Managers - On December 16, 26 fund products announced new fund manager appointments, involving 11 fund managers. Notably, Qi Wei from Western Li De Fund has a total asset scale of 1.753 billion yuan, managing index funds with a highest return of 78.57% for the Western Li De Growth ETF [5] Fund Research Activity - In the past month (from November 16 to December 16), Bosera Fund conducted the most company research, engaging with 44 listed companies. Other active funds included Guotai Fund, Huaxia Fund, and Southern Fund, each researching 37 companies [6] - The most researched industry was specialized equipment, with 211 instances, followed by consumer electronics with 189 instances [6] Recent Fund Research Focus - In the last week (from December 9 to December 16), Zhongke Shuguang was the most researched company, with 116 fund institutions participating in the research. Other companies with significant attention included Haiguang Information and Guanglian Aviation [8]

易方达如意招享混合(FOF-LOF)A/C成立于2022年11月1日和2023年12月18日，截至2025年12月12日，其 今年来收益率为4.36%、4.07%，成立来收益率为4.77%、6.43%，累计净值为1.0477元、1.0411元。 中国经济网北京12月16日讯今日，易方达基金公告，张浩然离任易方达如意招享混合(FOF-LOF)。 | 基金名称 | 易方达如意招享混合型基金中基金(FOF-LOF) | | --- | --- | | 基金简称 | 易方达如意招享混合(FOF-LOF) | | 基金主代码 | 501222 | | 基金管理人名称 | 易方达基金管理有限公司 | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》 | | | 《基金管理公司投资管理人员管理指导意见》 | | | 《易方达如意招享混合型基金中基金(FOF-LOF) | | | 基金合同》 | | 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金经理姓名 | 刘淑霞 | | 离任基金经理姓名 | 张浩然 | 张浩然曾任中国人寿（601628）资产管理有限公司基金投资部助理研究员，易方达基金管理 ...