中欧基金的"工业化"并非否定个体价值，而是通过体系赋能，让每个投研人员成为"智慧生产线"上的关键节点。窦玉明将其内核拆解为三大支柱：其一、专 业化。投研人员需"缩圈"深耕细分领域，形成超越市场的深度洞见。"优秀基金经理需'10年研究+10年投资'沉淀，研究员亦可终身专注一个行业。"其二、 工业化。通过方法论统一、流程标准化与分享文化构建协作生态。例如，权益团队推行"五要素模型"，使研究员3分钟内清晰阐述股票逻辑，推荐采纳率提 升至67%；多资产团队划分投资流程为"四大车间"，实现回报的可预期、可复制、可解释。其三、数智化。AI与大模型深度融入投研，人机协同提升效率。 中欧可转债基金应用大模型优化定价模型，近一年业绩同类排名第一，策略贡献显著。" 机器负责广度覆盖，人类负责深度验证，二者互为赋能。 " 窦玉明 表示。 【环球网财经 记者 黄炎】近日，中欧基金举办"中欧制造·投研体系升级发布会"，董事长窦玉明系统阐释了公司"工业化"投研体系升级战略，揭示了资产管 理行业从"单兵作战"向"体系化制造"转型的核心路径。 窦玉明指出，当前A股上市公司突破8000家、公募基金规模迈向35万亿，叠加客户需求的多元化与理性化 ...

Group 1 - The bond market in 2025 is expected to show increased volatility, leading to a general strengthening of bond fund net values, with over 90% of bond funds experiencing growth [1] - As of June 20, 2025, 6,575 bond funds have reported net value increases, with 6 funds achieving over 10% growth, highlighting significant investment opportunities in the bond market [1] - The top-performing fund, Huashang Fengli Enhanced Open A, recorded a net value increase of 13.75%, while other funds in the top ten also showed substantial growth, primarily in mixed bond and convertible bond categories [1] Group 2 - The macroeconomic environment in China remains positive, with expectations for continued economic growth throughout the year, supported by favorable policies in the real estate and stock markets [2] - Since June, bond fund performance has remained strong, with 141 products showing net value growth of over 1%, indicating robust market conditions [2] - The convertible bond market is currently in a relatively stable valuation range, with potential for breakthroughs if the technology sector performs well [2] Group 3 - The collaboration of domestic economic policies and increased counter-cyclical adjustments is anticipated to promote stable economic growth throughout the year [3] - The overall macro liquidity environment in 2025 is expected to enhance market risk appetite, with investment opportunities in domestic demand, technology, and dividend stocks [3] Group 4 - The bond market is expected to experience a trend-driven performance in the third quarter of 2025, indicating potential for significant market movements [4]