2月23日，国投白银LOF（161226）公告，基金将于2026年2月24日开市起至当日10:30停牌，自2026年2月 24日10:30复牌，停牌期间本基金赎回业务照常办理。 若本基金2026年2月24日二级市场交易价格溢价幅度未有效回落，本基金有权通过向深圳证券交易所申请 盘中临时停牌、延长停牌时间等措施，向市场警示风险，具体以届时公告为准。 国投瑞银白银期货证券投资基金(LOF)A类基金份额二级市 场交易价格溢价风险提示及停复牌公告 近期,国投瑞银基金管理有限公司(以下简称"本基金管理人")旗下国投 瑞银白银期货证券投资基金(LOF)A类基金份额(场内简称:国投白银 LOF: 交易代码:161226,以下简称"本基金")二级市场交易价格明显高于基金份额 净值,出现较大幅圆溢价。特此提示投资者关注二级市场交易价格溢价风险,投 资者如果盲目投资于高溢价率的基金份额,可能面临重大损失。 为保护投资者利益,本基金将于 2026年2月24日开市起至当日 10:30 停牌, 自 2026年2月24日 10:30 复牌,停牌期间本基金赎回业务照常办理。若本基金 2026年2月24日二级市场交易价格溢价幅度未有效回落, ...

1月29日，国投瑞银基金管理有限公司发布公告，旗下国投瑞银白银期货证券投资基金(LOF)A类基金份 额(场内简称：国投白银LOF；交易代码：161226)二级市场交易价格明显高于基金份额净值，出现较大 幅度溢价。特此提示投资者关注二级市场交易价格溢价风险，投资者如果盲目投资于高溢价率的基金份 额，可能面临重大损失。 为保护投资者利益，国投白银LOF将于2026年1月30日开市起停牌至收市。若基金2026年2月2日二级市 场交易价格溢价幅度未有效回落，公司有权通过向深圳证券交易所申请盘中临时停牌、延长停牌时间等 措施，向市场警示风险，具体以届时公告为准。 | | 国投白银LOF(161226.SZ) W 闭市 01-29 15:00:00 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 流通盘 | 昨收 5.247 | 4.770 | | | | 36.37亿 | | 流通值 | 开盘 +10.00% +0.477 | 4.860 | | | | 191亿 | | 换手率 | 成交量 最高 5.247 | 5.8亿 | | | | 16.07% ...

1、央行：加快建设人民币跨境支付体系 推进跨境支付互联互通 重要程度：★★★★★ 2026年1月15日，中国人民银行召开2026年支付结算工作会议。会议要求，加快建设人民币跨境支付体 系，推进跨境支付互联互通，推动跨境支付体系多元化、多层次发展。严格实施支付机构穿透式监管和支 付业务功能监管，充分发挥行政、自律互补作用，塑造合规致远的行业健康生态。 2、官宣!新设41个口岸进境免税店 重要程度：★★★★ 据海关发布消息，为支持提振消费，财政部、商务部、文化和旅游部、海关总署、税务总局近日联合发布 通知，决定在全国多个口岸新增及延续设立进境免税店。其中，在武汉天河国际机场等41个口岸将各新设 1家口岸进境免税店。 3、溢价率超50%!国投白银LOF突发公告 1月22日开市起停牌至收市 重要程度：★★★ 国投瑞银基金管理有限公司公告，旗下国投瑞银白银期货证券投资基金(LOF)A类基金份额二级市场交易价 格波动较大，请投资者密切关注基金份额净值。2026年1月20日，本基金基金份额单位净值为2.6095元，截 至2026年1月21日，本基金二级市场的收盘价为3.920元，明显高于基金份额净值。为保护投资者利益，本 ...

Group 1 - The core message highlights the significant fluctuation in the secondary market trading price of the Guotou Ruijin Silver Futures Securities Investment Fund (LOF) Class A shares, prompting a risk warning for investors [1] - As of January 20, 2026, the net asset value (NAV) per unit of the fund was 2.6095 yuan, while the closing price in the secondary market on January 21, 2026, was 3.920 yuan, indicating a substantial premium over the NAV [1] - To protect investors, the fund will suspend trading from January 22, 2026, and may implement further measures such as temporary trading halts if the premium does not decrease effectively by January 23, 2026 [1]

Group 1 - The core viewpoint of the article highlights the announcement by Guotou Ruijin Fund regarding the premium risk of its silver futures investment fund, indicating that the current subscription limit for Class A shares is set at 100.00 yuan, with future adjustments expected due to unsustainable high premium rates in the secondary market [1] - As of December 31, 2025, six ETFs, including the China Merchants ChiNext AI ETF and Penghua CSI Satellite Industry ETF, are set to launch in the first week of 2026, which is expected to bring over 2 billion yuan in incremental funds to the A-share market [1] - Looking ahead to 2026, multiple fund companies express optimism for the A-share market, suggesting a shift in upward momentum from a single valuation-driven approach to a dual driver of "profit + valuation," with overall corporate performance expected to improve and structural highlights likely to increase, benefiting market risk appetite, particularly in the technology sector [1]

Group 1 - The core point of the news is that Guotou Ruijin Silver Futures Securities Investment Fund (LOF) announced the suspension of subscription for Class C shares starting December 29, 2025, to protect the interests of fund shareholders [1] - The A class shares of Guotou Silver LOF will be suspended from trading on December 29, 2025, from the market opening until 10:30 AM, and will resume trading after that time [1] - The fund has been experiencing significant demand due to the recent surge in silver prices, making it the only public LOF fund primarily investing in silver futures in China [1] Group 2 - The fund has frequently warned investors about risks, having temporarily suspended trading 10 times recently, and has increased subscription restrictions [1] - On December 25 and 26, the fund experienced two consecutive days of temporary trading suspension, with a sharp decline in price upon resumption, indicating a concentrated release of high premium bubble risks [1] - Despite the continuous price drop, the premium rate of the fund remains close to 30% [1] Group 3 - Industry insiders have indicated that the secondary market trading prices are driven by market sentiment, and the high premium levels are not sustainable [2] - Investors are advised to be cautious of premium risks and to avoid blindly chasing prices in the secondary market to prevent significant losses due to potential premium corrections [2] - The underlying asset price volatility, particularly the recent significant increase in silver prices, also poses a risk of potential corrections [2]

Core Viewpoint - The surge in silver prices has led to a high premium for the Guotou Ruijin Silver Futures Securities Investment Fund (LOF), with a premium of 36%, prompting the fund to issue multiple risk warnings and temporarily suspend large subscriptions to protect investors [1][3][4]. Group 1: Fund Performance and Market Reaction - The Guotou Ruijin Silver LOF experienced significant price volatility, with a closing price of 2.332 yuan on December 18, 2025, compared to a net asset value of 1.7164 yuan, indicating a substantial premium [3]. - The fund has issued ten premium risk warning announcements in December and has taken measures such as temporary suspensions to mitigate speculative trading [1][3]. - The fund's price dropped over 7% on December 19 but later narrowed to around 5% [1]. Group 2: Investment Risks and Market Dynamics - The high premium is attributed to "liquidity mismatch" and "overheated sentiment," as the fund tracks domestic silver futures while the secondary market reflects real-time emotions [5]. - Ordinary investors face potential "price reversion" risks due to the high premium, which could lead to significant losses if market sentiment shifts [4][5]. - The fund has limited daily subscription amounts to 500 yuan to prevent excessive speculation [4]. Group 3: Silver Market Outlook - The silver market has seen a remarkable increase, with spot silver prices rising nearly 130% this year, particularly accelerating in the second half [6][7]. - Factors such as declining global inventories, anticipated strong industrial demand, and inclusion of silver in critical mineral lists in the U.S. are supporting silver prices [6][8]. - Predictions indicate a structural supply deficit of approximately 9.5 million ounces in the global silver market by 2025, driven by stable demand from the photovoltaic industry [7][8].