文|新经济e线

2024nian7yue12ri，gangjiaosuohehushenjiaoyisuofenbiegongbulezuixindehushengutonghezigeetfmingdanheganggutonghezigeetfmingdan。zheiyeshietfhulianhutongnarubiaozhunfangkuanhoudeshoucidakuorong。ciqian，weichixuyouhuaneidiyuxianggangshichanghulianhutongjizhi，fengfuhulianhutongbiaode，hushengangjiaoyisuoyijiukuodahushenganggutongetffanweidachenggongshi。

jiuzaijinnian6yue14ri，hushenjiaoyisuofabuzuixinxiudingdehushengangtongyewushishibanfa，zhenduilugutong、ganggutongetffanweijinxingxiugai，zhizaijinyibukuodahushenganggutongetffanwei，chixuyouhuawanshanhulianhutongjizhi。jutilaikan，cicizhuyaoduilugutongetfheganggutongetfyouguanguimohequanzhongzhanbidediaoruyaoqiuhediaochuqingxingjinxingdiaozheng。keyiyuliao，weilaijianghuiyougengduoetfbeinaruhezigechanpinfanweizhong，weitouzizhetigongfengfuxuanze，tongshijilijinrongjigoucanyujinrongchanpinchuangxin，manzutouzizheduoyanghuatouzixuqiu。

zi2022 nian7 yue4 rietezhengshinaruneidiyuxiangganggupiaoshichangjiaoyihulianhutongjizhiyilai，jinnianetfhulianhutongzhengshiyinglaikaitongliangzhounian。jiezhijinnianshangbannian，etfhulianhutongchanpinshuliangkuorongzhi151 zhi，baokuo141 zhihushengutongetfyiji10 zhiganggutongetf，“etftong”zongguimodadao1.78wanyiyuanrenminbi。

xinjingjiexianhuoxi，genjuzuixinmingdan，91zhixindiaoruetfyixishuliangxiang。7yue22ri，59zhishangjiaosuoshangshideetfjiangzhengshinarubeixianghugutonghezigeetfmingdan，tongshihaiyou26zhishenjiaosuoshangshideetfyibingnaruyijigangjiaosuoshangshide6zhietfnarunanxiangganggutonghezigeetfmingdan。cicikuoronghou，“etftong”dequanbuchanpinshuliangjiangcongkuorongqiande151zhizengjiazhi241zhi，zengfujiejin60%。qizhong，beixianghugutongheshengutonghejichanpinshuliangjiangkuorongzhi225zhi。

27家管理人分羹

xinjingjiexiantongjifaxian，cicietfhulianhutongdakuoronghou，zuixinruxuande85zhihushengutonghezigeetffenbieyou27jiaguanlirenfengeng。qizhong，jushoudefuguojijinqixiaduoda10zhietfshangbang，shicicietfhulianhutongdakuorongruxuanzhishuzuiduodejijingongsi，jinsuiqihoudeguotaijijinyou7zhixinjin“etftong”mingdan，huaxiajijinjipenghuajijinyegeyou6zhiruxuan。zairuxuanshuliangjuqiandeguanlirenzhong，yifangdajijin、guangfajijin、yinhuajijindeng3jiajijingongsiyegeyou5zhichanpinshangbang。

来源：港交所

ciqian，xiudinghoudehushengangtongyewushishibanfazhuyaojiangdilehushengangtongetfdenaruguimoyaoqiuyijixiadiaohushengangtongetfdezhishuquanzhongzhanbiyaoqiu。zainarutiaojianshang，lugutongetfnaruguimomenjianyoubudiyurenminbi15yiyuandiaozhengweibudiyurenminbi5yiyuan，genzongbiaodezhishuchengfenzhengquandebilidiaozhengweihushenjiaoyisuoshangshigupiaoquanzhongzhanbibudiyu60%qielugutonggupiaoquanzhongzhanbibudiyu60%；ganggutongetfnaruguimomenjianyoubudiyugangbi17yiyuandiaozhengweibudiyugangbi5.5yiyuan，genzongbiaodezhishuchengfenzhengquandebilidiaozhengweilianjiaosuoshangshigupiaoquanzhongzhanbibudiyu60%，qieganggutonggupiaoquanzhongzhanbibudiyu60%，buzaiyizhishujinxingqufen。

diaochuqingxingshang，lugutongetfdiaochuguimoyoudiyurenminbi10yiyuandiaozhengweidiyurenminbi4yiyuan，genzongbiaodezhishuchengfenzhengquandebilidiaozhengweihushenjiaosuoshangshigupiaoquanzhongzhanbidiyu55%huolugutonggupiaoquanzhongzhanbidiyu55%；ganggutongetfdiaochuguimoyoudiyugangbi12yiyuandiaozhengweidiyugangbi4.5yiyuan，genzongbiaodezhishuchengfenzhengquandebilidiaozhengweilianjiaosuoshangshigupiaoquanzhongzhanbidiyu55%huoganggutonggupiaoquanzhongzhanbidiyu55%，buzaiyizhishujinxingqufen。

juxinjingjiexianlejie，ciciquanxinnarude“etftong”chanpinzhong，xingyejizhutietfchengweileyidaliangdian。ruzaifuguojijinqixiashangbangde10zhietfzhong，jinchuangyebanetffuguoyizhichanpinweikuanjizhishuetf，yuxia9zhifenbieweixingyehezhutietf，qigenzongzhishufenbiebaokuozhongzhengguoxinjiazhizhishu、zhongzhengguoqiyidaiyiluzhishu、zhongzhengzhinengqichezhutizhishu、zhongzhengdashujuchanyezhishu、zhongzhengkeji50celvezhishu、zhongzhengyiyao50zhishu、zhongzhengxinpianchanyezhishu、zhongzhengdianchizhutizhishu、zhongzhengshanghaihuanjiaosuotanzhonghezhishu。

tongyang，zaiguotaijijinruxuande7zhihushengutonghezigeetfzhong，xingyehezhutizhishuchanpinyeyou4zhi，fenbiebaokuobandaotishebeietf、jiancaietf、ruanjianetf、yangqigongyingetf，yuxia3zhikuanjizhishuetffenbieweishangzhengzongzhietf、300zengqiangetf、kechuangchuangyeetf。

zaicicikuorongqian，hushengutongetfquanmianhangaileshangzheng50etf、hushen300etfdengduogehexinkuanjichanpin，yijixinnengyuancheetf、chuangxinyaoetf、honglietfdengdaibiaoxingxingyezhutihecelvechanpin。qizhong，guimoshangyikuanjietfweizhu，hejidadao1.1wanyiyuanyishang；shuliangshangzhutizhishuhekuanjizhishuetfjunjiaoduo，fenbiedadao64zhihe52zhi。conggenzongzhishulaikan，beixiangetfzhonggenzonghushen300dechanpinyou10zhi，guimohejichaoguo5000yiyuan。

yucitongshi，nanxiangganggutonghezigeetfmingdanyeyou6zhichanpinxinnaru，fenbiebaokuoanshuozhongguo、biaozhixianggang100、gxzhongguo、huaxiahengshengshengke、pinganxiangganggaoxigu、anshuohengshengzhishudengchanpin，zheiyeyiweizheganggutongetfmuqianyizengjiadao16zhi。

来源：深交所

xinjingjiexianhuoxi，etfhulianhutongyunzuoliangnianjian，bujinnarumingdanduocikuorong，etf tongjiaoyihuoyueduyuchengjiaojineyezhubushangsheng。2022 nian7yueyilai，danyuedubeixiangzijinmaimaietf zongewenbutisheng，bingzaijinnian2 yuehe3 yuelianxutupo200 yiyuandaguan，chuangchulishixingao；4 yuefenhuiluozhi190 yiyuanfujin，5 yuezhi6 yuefenzaicizhanshang200 yiyuanyishang。xiangbizhixia，nanxiangzijinzhengtijiaoyihuoyuedugenggao，2023 nian6yuezhi8 yueganggufandan，nanxiangetf maimaizongedanyuejunchaoguo700 yiyuan，zhihousuizheganggudezhendanghuidiaoyousuojiangdi；jinnian5 yuegangguzaicichuxianjieduanxingfandan，nanxiangetf maimaizongechaoguo300 yiyuan。

互认基金放开提速

zhideguanzhudeshi，chuleetfhulianhutongdakuorongwai，neidiyuxiangganghurenjijinfangkaiyezaicitisu。jinnian6yue14ri，zhongguozhengjianhuiguanwangfabuxiaoxi，dui《xiangganghurenjijinguanlizanxingguiding》jinxingxiuding，jinyibuyouhuaneidiyuxianggangjijinhurenanpai，bingjiu《xiangganghurenjijinguanliguiding（xiudingcaoanzhengqiuyijiangao）》xiangshehuigongkaizhengqiuyijian。

tongri，xianggangzhengjianhuijiyuduidengyuanze，yihuixiangyingdifangkuanduineidihurenjijindexianzhi。xianggangzhengjianhuijiangyuzhongguozhengjianhuijinmihezuotuijinxiangguancuoshidezhidingyuzhixing，jianghuishishijinyibugongbuyouhuajijinhurenanpaishishixijiehezhengshituixingderiqi。

suoweijijinhurenzhideshiyunxujingwaizhucebingshoudangdijianguanjigoujianguandejijinxiangbendijumingongkaixiaoshou。zhongguozhengjianhui、xianggangzhengjianhuitongguojijinhuren，yunxufuheyidingtiaojiandeneidijixianggangjijinanzhaofadingchengxuhuoderenkehuoxukezaiduifangshichangxianggongzhongtouzizhejinxingxiaoshou。qizhong，neidigongmujijindaoxianggangshichangxiaoshouchengwei“nanxiahurenjijin”，xiangganggongmujijindaoneidishichangxiaoshouzechengwei“beishanghurenjijin”。genjuxianyouzhiduanpai，jijinhurendechushitouzieduweizijinjinchuge3000yiyuanrenminbi。

xinjingjiexianhuoxi，ciciguizexiudingzhuyaoshejiliangfangmianneirong，yishianzhaowenbuyouxu、zhubufangkaideyuanze，jianghurenjijinkedixiaoshoubilixianzhiyou50%fangkuanzhi80%；ershiyunxuxiangganghurenjijintouziguanlizhinengzhuanshouyuyuguanlirentongjituandehaiwaizichanguanlijigou。

bencifangkuanhurenjijinkedixiaoshoubilixianzhi，yifangmianyouliyuzengqiangxiangganghurenjijinguanlirencanyugaijizhidedongli，weijingneitouzizhetigonggengduoyuanhuajingwaichanpin，lingyifangmian，fangkuanxiaoshoubiliyekeyituidongnanbeihurenjijingenghaofazhan。

genjuzhengqiuyijiangaodisitiaoguiding，guanlirenkejiangtouziguanlizhinengzhuanshouyujituanneihaiwaizichanguanlijigou。zheiyiguidingyouliyujijinguanlirenzhenghejituanzairencai、xitong、touyanshili、kehufuwudengfangmiandeziyuan，fengfutouzifanweijitouzicelve，jiangtouzifanweixiangmeiguo、ouzhoushichangyanshen，congergenghaomanzutouzizhedekuajinglicaixuqiu。

lingjuguojiawaiguanjupiludexianggangjijinneidifaxingxiaoshouzijinhuichuruqingkuangbiao、neidijijinxianggangfaxingxiaoshouzijinhuichuruqingkuangbiao，zihurenjizhishishiyilai（2015nian7yuekaiqi），jiezhi2024nian4yuemo（zi2016 nian1yueqijisuan），nanxiahurenjijinzijinleijijinghuiru9.60yiyuan，beishanghurenjijinzijinleijijinghuichu256.40yiyuan。erzhebijiaokejian，beishanghurenjijinjiaoweihuoredeyuanyinzaiyu，xiangjiaoganggutong、qdii、qdlp、kuajinglicaitongyijihushengangtongetfdengjingneitouzizhejingwaitouzifangshieryan，qianzhemenjianjiaodi。zaizheiyibeijingxia，hurenjijintouzihaiwaidequdaoyoushituxian。

xiangbizhixia，nanxiahurenjijinyulengyeshiduofangmianzaochengde，birutouzizheshuliangchaju、ganggushichangyoujigoutouzizhezhudao、xianggangtouziduoyanghuayijineidigongmuzaixianggangquefaxiaoshouqudaoheyingxiaojingyan，nanxiajijinzaigangxiaoshouzhuyaoshouxianyuxianggangdeyinxingdaixiaoqudao，tuiguangjiaoweikunnandeng。ciwai，xianggangjigoutouzizheduiyuchanpinfeilvjiegoucunzaixiguanchayi，duiyuneidijijinchanpin（youshuhuifei）jieshoudujiaodi。genjuwind shuju，muqianxianggangquanshichanggongmujijinzhongpilushuhuifeide12690zhijijin94%shuhuifeiwei0%。

tongjishujuhaibiaoming，jiezhijinnianshangbannian，gongyou20jiajijinguanlirenzhucefaxingle118zhixiangganghurenjijin；24jiajijinguanlirenzhuce48zhineidihurenjijin。zhengtilaikan，beishanghurenjijinguanlirenzhongwaizizhanbijiaogao；nanxiahurenjijinzhongneidigongmucanyujijixingjiaogao（qizhongjiaoduobeineiziquanshangcankonggu）。congbeishanghurenjijinguanlirenkan，tichuzhongfujisuandejijinguimohou，waizijijin、gangzi、neiziguimozhanbifenbiewei70%、22%、9%。qizhong，shiluodetouziguanli（xianggang）guimozuida，wei203.8yiyuan、ciwaimogenjijin（yazhou）guimo59.7yiyuan。