Core Viewpoint - The article discusses the evolution of the A-share market, highlighting the importance of being present during key investment opportunities, particularly since the "9·24" market event, which marked the beginning of a bull market and a revaluation of assets in China [1][2]. Group 1: Market Performance - The A-share market has reached new highs in 2024, with significant performance from growth sectors since the "9·24" event [1]. - From September 24, 2024, to September 30, 2025, 41 funds under the management of Jiashi Fund achieved "doubling" performance, with 21 active equity products and 20 passive index products [3]. Group 2: Active Equity Performance - Notable active equity funds include those managed by Cai Chengfeng, who focused on the semiconductor industry with a return of 170.38%, and Li Tao, who achieved returns of 146.6% and 100.86% through his management of Jiashi Information Industry and Jiashi Quality Core [4]. - Other successful managers include Meng Xia, with a return of 132.53% in the robotics sector, and Yang Huan, whose funds achieved returns exceeding 113% [4][5]. Group 3: Passive Investment Strategy - Jiashi Fund has effectively captured beta opportunities in various technology sectors through its forward-looking index fund strategies, with significant performance in ETFs such as the Jiashi Shanghai Stock Exchange Sci-Tech Innovation Board Chip ETF, which rose by 206.72% since the "9·24" event [8][9]. - The fund has a comprehensive range of ETFs covering high-growth sectors, including technology and rare metals, demonstrating its capability in identifying long-term investment opportunities [9].

Core Viewpoint - The article discusses the recent penalty imposed on fund manager Li Dan for engaging in insider trading, highlighting the regulatory scrutiny and consequences faced by financial professionals involved in such activities [3][4][7]. Summary by Sections Case of Li Dan - Li Dan, a former fund manager at Guoshou Anbao, was fined 600,000 yuan for using undisclosed information to conduct trades, resulting in significant losses [4][7]. - The Tianjin Securities Regulatory Bureau concluded the investigation into Li Dan's trading activities, which involved a total of 33.12 million yuan in transactions, with a loss incurred [7][8]. Fund Performance - During her tenure, the fund managed by Li Dan, Guoshou Anbao Core Industry Fund, experienced a loss of 7.77%, ranking 716th out of 789 similar products [8]. - Other funds managed by Li Dan also showed poor performance, with most of them ranking in the lower half of their respective categories [8]. Regulatory Context - The article emphasizes the strict penalties imposed by regulatory bodies on fund managers involved in insider trading, regardless of whether the trades resulted in profits [10][12]. - Similar cases are mentioned, illustrating a pattern of enforcement against fund managers who engage in insider trading practices, reinforcing the regulatory environment's focus on maintaining market integrity [10][12].

Core Viewpoint - The article discusses the case of fund manager Li Dan, who was fined for engaging in insider trading, specifically for manipulating stock purchases that resulted in significant losses [1][5][8]. Group 1: Case Details - Li Dan was fined 600,000 yuan for using undisclosed information to conduct trades, which led to a loss of approximately 33.12 million yuan [1][5]. - The Tianjin Securities Regulatory Bureau concluded that Li Dan's defense arguments were not accepted, leading to the penalty [1][3]. - Li Dan's trading activities involved 41 stocks, with 74.55% of the trades being aligned with the fund's transactions, resulting in a total loss [5][6]. Group 2: Fund Performance - During Li Dan's tenure, the fund she managed, the Guoshou Anbao Core Industry Fund, experienced a loss of 7.77%, ranking 716th out of 789 similar products [6][7]. - Other funds managed by Li Dan also showed poor performance, with many ranking in the lower half of their respective categories [6][7]. Group 3: Background Information - Li Dan has a history in the finance industry, having worked at Galaxy Securities before joining Guoshou Anbao Fund in 2013 [5][6]. - She was appointed as a fund manager for the Guoshou Anbao Core Industry Fund on its inception date, February 3, 2016 [6][7].