今年6月底开始，A股以科技为主线掀起一波较大的上涨行情，沪指也冲上了4000点，创出10年新高。 但是10月份以后，受海外对AI泡沫担忧以及美联储可能暂缓降息的影响，外围市场陷入调整，A股指数也震荡走低，很多投资者账户 经历了牛市中的大幅回撤。 沪深300指数近期回调明显 这个时候，很多投资者就会心生彷徨，牛还在不在？科技板块是否不会再创新高了？ 但是很快，市场就给了答案，本周部分AI产业链相关个股大幅反弹，继续创出历史新高。多家国际投行指出，由于明年人工智能的更 广泛应用，以及更多刺激消费措施的出台，多重增量驱动因素正在转向积极，将A股评级上调至"超配"。 其实在牛市途中，近期这样的调整还算不上剧烈，但还是有很多投资者扛不住。那么，如何在牛市中熬过痛苦的调整期，握紧优质资 产？在长江资管基金经理诸勤秒看来，秘诀就是要"聪明地承担风险"，展开讲，就是在充满不确定性的市场中，通过承担那些经过深 度研究后计算的、胜率较高的风险，持续稳健地获取超额回报。 诸勤秒表示，"聪明"的前提是认知，特别是在新一轮科技革命和产业变革的历史机遇期，对任何新事物、新知识都应保持开放的心 态，不盲从也不轻易拒之门外。而秉持"不押注单 ...

Group 1 - The core point of the article is the announcement of a change in fund management for the Changjiang Huiying 9-Month Bond Fund, with Zhu Qinxiao being appointed as the new fund manager effective October 31, 2025, replacing Yang Kun [1] - As of October 30, 2025, the net value of the Changjiang Huiying 9-Month Bond Fund was 1.0642, reflecting a decrease of 0.23% from the previous day, while it has increased by 5.35% over the past year [1] - Zhu Qinxiao has a strong background in finance, holding a master's degree in statistics from Shanghai University of Finance and Economics, and has previously worked as a researcher and investment manager at various financial institutions [1] Group 2 - Zhu Qinxiao has managed several public funds, including the Changjiang Changyang Mixed Fund A and C, with returns of 62.65% and 61.25% respectively since September 11, 2023 [1] - In the second quarter of 2025, Zhu Qinxiao's managed fund, Changjiang Changyang Mixed Fund A, invested in Zhongji Xuchuang at an average price of 620.18, and as of the third quarter of 2025, the latest average price was 1760.75, resulting in an estimated return of 183.91% [1]