Group 1 - The core point of the news is the appointment of Mr. Chen Yu as the new General Manager of Bosera Asset Management, which is expected to enhance the company's capabilities in the competitive public fund industry [1] - Mr. Chen Yu has a diverse financial background, having worked in various sectors including banking, insurance asset management, and insurance companies, which aligns well with the current trends in the public fund industry [1] - The current executive team at Bosera is well-configured, with expertise in wealth management and asset management, which will help the company leverage its resources and improve investment management capabilities [1] Group 2 - As of September 30, 2025, Bosera manages a total of 399 public funds with assets exceeding 1.8 trillion RMB, serving over 180 million clients [2] - Bosera expresses confidence in the long-term stable growth of the Chinese economy and capital markets, as well as the long-term development of the fund industry [2] - The company aims to seize opportunities during the transition period, focusing on high-quality development and aligning with market demands while prioritizing investor interests [2]

11月10日，前海开源基金发布公告称，公司创始人暨首任董事长王兆华同志因病医治无效，于2025年11 月10日在西安逝世。 责任编辑：公司观察 来源：基金公告 公开资料显示，王兆华出生于1957年8月，陕西乾县人。他于1980年进入金融系统，从中国人民银行西 安市分行起步，在超过四十年的职业生涯中，历任中国工商银行、华夏证券、开源证券等多家金融机构 主要领导职务，以其卓越的专业能力与战略胆识，为中国资本市场发展作出重要贡献。2013年，王兆华 执掌前海开源基金管理有限公司，带领公司实现从零到千亿级管理规模的跨越。 前海开源基金在公告中表示，王兆华同志的离世是公司的巨大损失，其精神风范将长存于心，公司上下 将化悲痛为力量，继续前行。 ...

根据基金合同，红利国企ETF（510720）月月评估分红。截至2025年11月，已经连续官宣分红19次。 感兴趣的投资者可以关注相关布局机会。 风险提示：市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数/基金仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 今日，红利风格走强，红利国企ETF（510720）涨近1%。 进入四季度，沪指位于历史高位，资金止盈压力较大，叠加海外市场风险波动放大，权益风险偏好有所 回落。大盘震荡期，红利风格配置性价比凸显。 另外，四季度稳增长、促消费等政策有望密集落地，红利成分股多为经营稳定的龙头企业，分红确定性 强，且当前估值偏低、拥挤度低，在热门板块波动加剧时更具配置价值。 红利国企ETF（510720）跟踪上证国有企业红利指数，聚焦高股息央国企，近12个月股息率超4%，为 分红奠定了扎实的基础。 ...

在复杂多变的全球宏观背景下，港股市场预计仍以结构性行情为主。伴随年末保险等机构资金或更倾向 追求确定性，具备较突出股息优势的港股红利类资产配置价值有望得到进一步提升。 根据合同约定，港股通红利ETF（513530）及其联接基金（A类018387/C类018388）在符合基金收益分 配条件时，基金收益每年最多可分配12次，有望通过现金分红为投资者带来较灵活的资金支配权，力争 提高投资者的持有体验。 随着年末市场高位波动，具有相对防御属性的港股红利类资产再度走强，逐渐成为资金关注的焦点之 一。交易所数据显示，截至最新（2025/11/11）全市场26只港股红利主题ETF合计规模达到701亿元，11 月以来仅7个交易日合计规模增长达70亿元，资金布局港股红利类资产的配置热情重新升温。 港股通红利ETF（513530）的管理人华泰柏瑞基金拥有超18年指数投资经验，早在2006年就开始了在红 利主题ETF领域的前瞻布局，一手打造了策略类型丰富、覆盖AH两地的"红利全家桶"。交易所数据显 示，截至2025年11月11日，华泰柏瑞旗下红利类主题ETF管理规模达473.15亿元。 作为便捷布局港股红利资产的工具之一，港股通红 ...

Core Viewpoint - The article discusses the new guidelines released by the China Securities Regulatory Commission and the Asset Management Association of China regarding performance benchmarks for publicly offered securities investment funds, emphasizing the need for precise matching principles in fund performance evaluation [3]. Summary by Category Performance Benchmark Guidelines - The new guidelines specify that equity funds should use broad market indices or corresponding strategy indices as benchmarks, limiting the use of thematic indices for flexibility [3]. - Funds focused on specific market capitalizations or investment strategies must align with relevant market capitalization or strategy indices as performance benchmarks [3]. Fund Performance Data - As of November 8, 2025, there are 5,385 actively managed equity funds in the market, with 1,915 funds (35.56%) outperforming their benchmarks over the past three years [3]. - The total scale of actively managed equity funds is approximately 30,875.25 billion, with an average return of 14.12% over the past three years, while the average excess return is -6.81% [4]. Top Performing Funds - In the flexible allocation fund category, the top 10 funds have an excess return threshold of 123.29%, with the highest performer being Dongwu Fund's Liu Yuanhai, achieving a return of 217.81% [11]. - The top-performing mixed equity fund is managed by Huaxia Fund's Gu Xinfeng, with a return of 269.38% and an excess return of 252.58% [6][12]. - In the ordinary stock fund category, the top performer is managed by Jingshun Longcheng's Zhang Zhongwei, with a return of 122.93% and an excess return of 99.46% [8][9]. Fund Manager Insights - Gu Xinfeng from Huaxia Fund has indicated a cautious approach towards high-valuation stocks while increasing positions in competitive automotive parts companies [7]. - Zhang Zhongwei from Jingshun Longcheng expressed confidence in the AI industry's growth, maintaining a high stock position while selectively taking profits in high-valuation semiconductor stocks [10].

Core Viewpoint - The appointment of Chen Yu as the new General Manager of Bosera Fund Management Co., Ltd. is expected to enhance the company's capabilities in the public fund industry, aligning with the current trends and challenges in the market [2][5]. Company Management Changes - Chen Yu has been appointed as the new General Manager of Bosera Fund Management, effective November 11, 2025, following the approval of the board [3]. - Chen Yu has a diverse background in finance, having held various positions in banks and asset management firms, which is anticipated to bring synergistic benefits to Bosera Fund [4][5]. Company Background and Current Status - As of September 30, 2025, Bosera Fund manages 399 public funds with total assets exceeding 1.8 trillion RMB, serving over 180 million clients [5]. - The company expresses confidence in the long-term growth of the Chinese economy and capital markets, aiming to leverage current opportunities for transformation and high-quality development [5]. Strategic Development Direction - The company plans to adhere to value orientation and long-termism, focusing on market opportunities and enhancing coordination across various investment strategies [6].

Core Viewpoint - Baibang Technology has experienced a significant stock price increase, with a 25.27% rise over the past six days, indicating strong market interest and potential investor confidence in the company's performance [1]. Company Overview - Baibang Technology, officially known as Beijing Baihua Yuebang Technology Co., Ltd., was established on November 26, 2007, and went public on January 9, 2018. The company is primarily engaged in mobile phone after-sales services [1]. - The revenue composition of Baibang Technology is as follows: Alliance business accounts for 86.44%, mobile phone repairs for 12.49%, and sales of goods and value-added services for 1.07% [1]. Fund Holdings - Huatai-PineBridge Fund has a significant position in Baibang Technology, with its Huatai-PineBridge Quantitative Alpha A fund holding 101,800 shares, representing 0.5% of the fund's net value, making it the sixth-largest holding [2]. - The fund has realized a floating profit of approximately 92,600 yuan today and a total of 357,300 yuan during the six-day price increase [2]. Fund Performance - The Huatai-PineBridge Quantitative Alpha A fund, established on September 26, 2017, has a current size of 203 million yuan. Year-to-date returns stand at 30.31%, ranking 2,846 out of 8,147 in its category, while the one-year return is 26.01%, ranking 2,414 out of 8,056 [2]. - The fund's managers, Sheng Hao and Kong Lingye, have notable performance records, with Sheng Hao achieving a best return of 130.68% and Kong Lingye a best return of 75.28% during their respective tenures [2].

11月11日晚间，博时基金发布关于高级管理人员变更的公告。公告称，博时基金党委副书记陈宇接任公司总经理，任职日期为11月11日。 凤凰网财经讯 在原总经理张东升任董事长一个月后，博时基金官宣新任总经理。 | 新任高级管理人员职务 | 总经理 | | --- | --- | | 新任高级管理人员姓名 | 陈宇 | | 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 11 月 11 日 | | 过往从业经历 | 2025 年 9 月起任博时基金党委副书 股份有限公司工作,历任首席投资官 | | | (曾借调至中国证监会基金监管部三 | | | 管部处长,泰康资产管理有限责任公 | | | 员,中邮人寿保险股份有限公司首席 | | | (集团二级公司总经理级)(期间 20 | | | 司 CEO)。 | | 取得的相关从业资格 | 基金从业资格 | | 国籍 | 中国 | | 学历、学位 | 本科/学士 | 图源：博时基金公告截图 至此，万亿公募巨头博时基金完成了领导班子的过渡调整。据同花顺iFinD数据显示，截至三季度末，博时基金管理规模 ...

Core Viewpoint - The public fund industry in China has shown significant growth in bond fund assets, with China Europe Fund's bond fund scale reaching 166.96 billion yuan by the end of Q3 2025, marking an increase of nearly 50 billion yuan since the beginning of the year and achieving growth for eleven consecutive quarters [1][4]. Group 1: Fund Performance - China Europe Fund ranks first in fixed income investment capability across various time frames, including 1 year, 2 years, 3 years, and 7 years, according to Guotai Haitong Securities [3]. - The fund's short-term bond strategy, China Europe Short Bond A, has achieved positive returns for seven consecutive years and has won the Star Fund Award for two consecutive years, with a combined scale of 5.335 billion yuan by the end of Q3 [3]. - The China Europe Pure Bond E, managed by Yan Peixian, has a one-year yield of 3.73%, ranking in the top 5% among similar long-term pure bond funds [3]. Group 2: Product Line and Strategy - The asset structure shows that by the end of Q3, the bond fund scale of China Europe Fund has increased by 73.53% year-on-year, accounting for 37.11% of the company's non-money market fund scale [4]. - The product line includes cash management, interest rate strategies, credit strategies, and enhanced fixed income strategies, catering to different risk preferences of investors [4]. Group 3: Market Outlook - Looking ahead to Q4, China Europe Fund anticipates stable domestic economic performance, with traditional economic momentum and price signals requiring time to improve [4]. - The company expects policy measures to be implemented, which will help stabilize the return on equity (ROE) of listed companies, and the weak dollar trend will further support AH assets, leading to a positive outlook for investment opportunities in the equity market [4].

Group 1 - The core point of the news is the appointment of Chen Yu as the new General Manager of Bosera Asset Management, which was approved by the company's board during a recent meeting [1] - Chen Yu has a rich background in finance, having worked in various sectors including banking, insurance, and asset management, and has held significant positions in multiple financial institutions [1] - As of September 30, 2025, Bosera Asset Management manages 399 public funds with a total asset scale exceeding 1.8 trillion RMB, serving over 180 million clients [1] Group 2 - Bosera Asset Management expresses confidence in the long-term stable growth of the Chinese economy, the capital market, and the fund industry [2] - The company aims to seize opportunities for transformation and development, focusing on investor interests and market demands to achieve high-quality growth [2]