专题：四大证券报精华 "100元就能购买，一顿火锅钱到手！""手慢无，再不冲套利通道就要关了！"近期，类似的声音席卷微 信、小红书、抖音等社交平台。日前，16只LOF出现集体涨停的罕见景象，LOF产品成为投资者眼中 的"香饽饽"。 暴涨超456%！大牛股复牌 锋龙股份2月1日晚间披露关于股票交易停牌核查结果暨复牌的公告。公告显示，停牌期间，公司就股票 交易波动情况进行了核查。目前，相关核查已完成，公司股票自2月2日（星期一）开市起复牌。锋龙股 份1月25日晚间发布公告称，公司股票多次触及异常波动，公司于1月26日起停牌核查。东方财富数据显 示，2025年12月17日至2026年1月23日，锋龙股份实现"18连板"，股价累计涨幅达456.34%。 1个季度规模翻15倍！这些基金精准踩中热点 从规模不足1亿元的"小微"基金，到突破15亿元，这些主动权益基金只用了一个季度的时间。在2025年 四季度的结构性行情下，广发碳中和主题、中欧周期优选、泰信发展主题等一批主动权益基金，凭借对 储能、资源品等热门板块投资机会的把握，顺利实现业绩到规模的转化，成功盘活"小微"产品。 2026年春运2月2日开启！ 炒股就看金麒麟分 ...

来源：中国证券报 "100元就能购买，一顿火锅钱到手！""手慢无，再不冲套利通道就要关了！"近期，类似的声音席卷微 信、小红书、抖音等社交平台。日前，16只LOF出现集体涨停的罕见景象，LOF产品成为投资者眼中 的"香饽饽"。 2月1日晚间，国投白银LOF、广发石油LOF、华安石油基金LOF、宏利聚利债券LOF等多只LOF产品集 体发布公告称，基金将于2月2日开市后停牌一小时至10:30复牌。 若2月2日二级市场交易价格溢价幅度 未有效回落，有权申请盘中临时停牌、延长停牌时间等措施以向市场警示风险。 业内人士称，LOF套利并非"躺赢捡钱"，背后藏着不少容易被忽视的陷阱。对于普通投资者而言，需理 性看待高溢价率，警惕流动性风险。 LOF套利热持续升温 日前，16 只LOF出现集体涨停的罕见景象，让近日持续发酵的套利热潮进一步升温。财经"大V"纷纷下 场，推出"保姆级"套利教程。从开户、场外申购，到转托管、场内卖出，每一步都拆解得明明白 白。"大V"直播实时演示操作更是吸睛无数，相关内容动辄获得上千条点赞评论。 回顾这场热潮的起点，业内普遍认为是国投白银LOF的走红。2025年末至2026年初，全球贵金属行情火 ...

◎记者 赵明超 8月29日，融通基金公告称：近期，融通中证人工智能主题指数基金A类基金份额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，可能遭受重大损失。若基金8月29日当日二级市场交易价格溢价幅度未有效回落，基金有 权采取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以向市场警示风险，具体以届时公告 为准。 融通基金提醒，该基金为上市开放式基金，投资者可在二级市场交易，也可以申购、赎回。基金二级市 场的交易价格，除了有基金份额净值变化的风险外，还会受到市场供求关系、系统性风险、流动性风险 等其他因素的影响，可能使投资人面临损失。 部分债券基金场内价格也大幅波动。8月27日，长信利众债券基金场内价格大涨9.75%，溢价率高企， 基金公司紧急提示溢价风险，8月28日，该基金大跌超5%。 近期，部分规模迷你的LOF产品（上市型开放式基金）场内价格多见异动。 机构已密集发布公告提示溢价风险。在业内人士看来，这些LOF产品规模普遍较小，少量资金即可引发 场内价格大幅波动，投资者应保持谨慎，避免高位接盘。 迷你LOF频现异动 近期，多只 ...

Group 1: Bond Underwriting - In the first half of 2025, 40 securities firms acted as lead underwriters for green bonds, managing 71 bonds/products with a total amount of 59.444 billion yuan [2] - A total of 68 securities firms served as lead underwriters for technology innovation bonds, underwriting 380 bonds with a total amount of 381.391 billion yuan [2] Group 2: Public Fund Management - As of the end of Q2 2025, the top three securities asset management firms by public fund management scale are Dongfanghong Asset Management, Huatai Securities Asset Management, and Bank of China Securities, each managing over 100 billion yuan [3] - Three equity fund managers from securities asset management firms have public fund management scales exceeding 10 billion yuan, specifically from Dongfanghong and Zhongtai Asset Management [3] Group 3: Public Fund Market Data - The total scale of public funds reached 34.39 trillion yuan by the end of June 2025, marking a new historical high [5] - Compared to the end of May, the public fund scale increased by over 650 billion yuan, reflecting a month-on-month growth of 1.93% [6] Group 4: Shenzhen Financial Data - As of the end of June 2025, the balance of various deposits in Shenzhen reached 14.16 trillion yuan, an increase of nearly 600 billion yuan since the beginning of the year [7] - The balance of various loans in Shenzhen reached 9.85 trillion yuan, with an increase of over 350 billion yuan since the beginning of the year [7] Group 5: Gold Consumption - In the first half of 2025, China's gold consumption was 505.205 tons, a year-on-year decrease of 3.54% [8] - Gold jewelry consumption dropped by 26% to 199.826 tons, while gold bars and coins saw a 23.69% increase to 264.242 tons [8] Group 6: Hong Kong Stock Market - In the first half of 2025, Hong Kong led the world in new stock financing, with a significant increase in equity financing driven by investor sentiment [9][10] - The Hong Kong stock market saw substantial public fund inflows, particularly in sectors like pharmaceuticals, banking, media, and computing [14] Group 7: Private Equity Insights - The founder of Dingshuiquan Investment, Zhao Jun, highlighted a high risk appetite among investors in the first half of the year, with a neutral trend in macro factors affecting the market [17] - Zhao Jun expressed optimism for the second half of the year, focusing on three structural opportunities: valuation reassessment of quality Chinese assets, globalization of advantageous Chinese industries, and technological self-sufficiency [18]

Group 1: Bond Underwriting - In the first half of 2025, 40 securities firms acted as main underwriters for green bonds, managing 71 bonds/products with a total amount of 59.444 billion yuan [2] - A total of 68 securities firms served as main underwriters for technology innovation bonds, underwriting 380 bonds with a total amount of 381.391 billion yuan [2] Group 2: Public Fund Management - As of the end of Q2 2025, the top three securities asset management firms by public fund management scale are Dongfanghong Asset Management, Huatai Securities Asset Management, and Bank of China Securities, each managing over 100 billion yuan [3] - Three equity fund managers from securities asset management firms have public fund management scales exceeding 10 billion yuan, specifically from Dongfanghong and Zhongtai Asset Management [3] Group 3: Public Fund Market Data - The total scale of public funds reached a record high of 34.39 trillion yuan by the end of June 2025, surpassing the 34 trillion yuan mark [6] - Compared to the end of May, the public fund scale increased by over 650 billion yuan, reflecting a month-on-month growth of 1.93% [7] Group 4: Shenzhen Financial Data - As of the end of June 2025, the balance of various deposits in Shenzhen reached 14.16 trillion yuan, an increase of nearly 600 billion yuan since the beginning of the year [8] - The balance of loans in Shenzhen reached 9.85 trillion yuan, with an increase of over 350 billion yuan since the beginning of the year [8] Group 5: Gold Consumption - In the first half of 2025, China's gold consumption was 505.205 tons, a year-on-year decrease of 3.54%, with gold jewelry consumption down by 26% [10] - Gold bars and coins consumption increased by 23.69% year-on-year, totaling 264.242 tons [10] Group 6: Hong Kong Stock Market - In the first half of 2025, Hong Kong led the world in new stock financing, with a significant increase in equity financing driven by improved investor sentiment [11] - Public funds have significantly increased their holdings in Hong Kong stocks, focusing on sectors such as pharmaceuticals, banking, media, and technology [14] Group 7: Private Equity Insights - A prominent private equity figure highlighted a "dumbbell" market opportunity structure, focusing on both value dividend assets and emerging growth assets [16] - Looking ahead, three structural opportunities are identified: revaluation of quality Chinese assets, globalization of advantageous Chinese industries, and technological self-sufficiency [17]