对话 研究 要闻 研报 私募
滚动 公告 动态 专题 创投
 
净值 评级 申赎 重仓股 新发基金
排行 费率 分红 关注度 私募排行
 
微博 论坛
APP 基金吧
 
开户 超市 优选基金 定投频道 活期盈
登陆 热销 新发基金 帮助中心 定期盈
中信建投山西国企债A(005527)

中信建投山西国有企业债定期开放债券型证券投资基金招募说明书(更新)2021年4月查看PDF公告

 
 
 
 
 
 
中信建投基金管理有限公司 
 
 
中信建投基金管理有限公司
公
投 
 
2021中 4信 
 
 
 
 
中信建投基金管理有限中信建投公司
 
中信建基金管公司
 
 
 
中信建投基金管理有限公司
公投






































 1 中信建投 中信建投基金管理有限公司 公投  !"#$%&'()*+,-./$%中信建投基金管理有限公司 公投&'#0123456201772292 89&': +,2017; 12< 13:=>?/ 2018; 9< 13:@ABC= DEFGH!IJK#LMNOP$QPRS=H!IJKT中 管3U&'9V中管3UW!"#&'9XYZJ[W#\] ^_`abOcdefgG9hYZJ投/i理jk=中管3UY W#投\]lmnopqabOcdefgrG= DEFstuvwxPyO信zP{|}~#?DE^?z??9 VYG?司??9hYG??_`??\?5?5?9?YG ???理F?????[投= 投/mn9?]U?+mn??q???B??9投 r????理#????_`9???¢£¤#投jk=投 中#jk¥|,?S§¨?PTaP?Uq?-??Wmn\??B?ˉ °±2#3′djk9μ?·理#?3′djk91/???理Fo? ?????B#??djk9DEFàDEOá??中?B#DE jk9#·司jkq=? +公9?/投中#??jk?è9#é _`^é jkê/?ìmn9?/í>^??=Dà ???òójk9理5???Ta? Pmn?-gDEFWmn??#Ta ? ^?限? #efY×q??#?ˉ9?ù#???òóú?üY? T?àá9a投?>#?C??jk= ?>?BC:è9éàê? ???::ì#???理 F??Yí 200F9gràê? ???::ì??]??e:? #??W¤#??]Xòóe:??#??W¤#??]?/ 5000 ??#9???->?2÷?ùú?#ü司yt???ā Xìā9°??????理F?U= 中信建投基金管理有限公司 公投






































 2 投理jk9投Fà投o¤?N??H!IJKP>?P ?????q信???()9????jk????9?ēef#投 \]9?ēēb投??9?t?¢投jk=#??限?XYé?[? ?Z?=DEFDE#[ě#限?XYě2?限?Z?#G= DEF??投F投#?r???9à投Fab投? ??9??????]???ù#投jk91投F?t??= ??#H!IJK??LMīā:+ 2021; 4< 2:9理.?ī??^ ?]īā:+ 2020; 12< 31:=?DF中管?t??理???1?? ???#H!IJK= 中信建投基金管理有限公司 公投






































 3 中





信 中信建投........................................................................................................................................... 1 基金管理


有限 ............................................................................................................................... 4 基公管理


司 ............................................................................................................................... 5 基管理


 ................................................................................................................. 11 基管理


 ................................................................................................................. 21 基管理


 ............................................................................................................. 23 基管理





................................................................................................................. 33 基!管理


"#$% ......................................................................................................... 34 基&管理


'()*+,- ............................................................................................. 35 基.管理


/0 ................................................................................................................. 46 基1管理


23 ................................................................................................................. 57 基1金管理


45 ............................................................................................................. 60 基1公管理


0567 ......................................................................................................... 61 基1管理


89+理: ................................................................................................. 66 基1管理


;<+=8 ..................................................................................................... 68 基1管理


>?+@? ................................................................................................. 70 基1管理


ABCD ..................................................................................................... 71 基1!管理


EFG投 ................................................................................................................. 78 基1&管理


"#HIJKL+45MN ......................................................... 84 基1.管理


"#OPQ信 ................................................................................................. 86 基公1管理


RSOPQ信 ................................................................................... 102 基公1金管理


T'(UV ............................................................................... 115 基公1公管理


WXYCDZ[ ............................................................................................... 117 基公1管理


\]^_`abcdef ........................................................................... 118 基公1管理


gchi ........................................................................................................... 119 中信建投基金管理有限公司 公投






































 4 基金管理


有限 -中信建投基金管理有限公司 公投H!IJK2 H!IJKgH!IJKs?-中?F??^管投 ?2P-?!"投?aDE??2P-?!"投??? ě3?DE??2P-?!"投信???DE??2P-?!" A投??djkDE?司2-??djkDE?司2q 理.??P??l-中信建投基金管理有限公司 公投 >?2>???=? H!IJK#LM??中信建投基金管理有限公司 公投 #投??P投EńP投??Pjkl? ?P?^??#??l?ňq?投理.#?理£.??9投ràē b投??o¤?ō??H!IJK9X&ōDEFWH!IJK?? #??信?=? DEF??H!IJKYDàê?????P??d??gr??? ?9XW[NOdP$QdPRSd?¢???ê=? ???H!IJK??J#? !"#=DEFi理?? g??ê?[ěF???àH!IJK中?J#信?9gWH!IJKaê ???grIJ=? H!IJK??#>???9XT中管3U&'=>? ?ü司>?e?F????P?ī#??()=投F?s>?? ???9?2+???理F^>?e?F9[?理??#t+ ??ZJ[W>?#??^??9X?t-?2P>?l[ě理 .?司?理??P?¢?ī=投F??????理F#??^?ī9 ¤?ō??>?=? 中信建投基金管理有限公司 公投






































 5 基公管理


司 àH!IJK中9??(ōū理?ū9???g?理???, 1Pg,ū中信建投基金管理有限公司 公投  2PDEF,ū中信建投DE理???














3P?DF,ū中管?t??理???














4P>?,ū-中信建投基金管理有限公司 公投 >?2lW>?#ê?理C??^?? 5P?D??,ūDEF??DF????-中信建投基金 管理有限公司 公投?D??2lW??D??#ê?理C ??^?? 6PH!IJKgH!IJK,ū-中信建投基金管理有限公司 公 投H!IJK2l[?? 7P?????,ū-中信建投基金管理有限公司 公 投?????2l[?? 8P??????,ū-中信建投基金管理有限公司 公 投??????2 9P????,ū中管?t理CX??Oá#??Pt¨??P??d()P ????Pt¨??l[ěW>?e?F理ü??#?司P??P??q 10P-?2,ū 2003; 10< 28:T÷???管F??Z?U?ī?? U÷??U???9T 2012; 12< 28:T÷????管F??Z?U?ī? ?U÷???U???9? 2013; 6< 1:èOá, XT 2015; 4< 24:÷ ????管F??Z?U?ī??U÷???U?-?管F??Z?U?ī?? U./??<中?F??^管???>q?ú??#?司2??#-中?F?? ^管投?2l???.W[Y?ēb#?? 11P-????2,ū中管3U 2020; 8< 28:??P?; 10< 1:O á#-?!"投???ě3?DE??2l???.W[Y?ēb #?? 中信建投基金管理有限公司 公投






































 6 12P-信?????2,ū中管3U 2019 ; 7 < 26 :??P?; 9 < 1 :Oá#9XT 2020; 3< 20:中管3U-./??ú? ???#? 司2?@#-?!"投信???DE??2l???.W[Y?ē b#?? 13P-?a??2,ū中管3U 2014; 7< 7:??P?; 8< 8:Oá #-?!"投?aDE??2l???.W[Y?ēb#?? 14P-??djkDE?司2,ū中管3U 2017 ; 8 < 31 :??P?; 10< 1:Oá# -?!"A投??djkDE?司2l?? ?.W[Y?ēb#?? 15P中管3U,ū中管3?DE??U 16P?t限3?DE?ě,ū中管F??t^/g中管?tGk3?DE? ?U 17P>?e?F,ū?>?ü?9??>??理??X?¢? ī#??ē§9¥|DEFP?DF^???理F 18PμF投r,ūs?理.?????司5投/投#??F 19P?ě投r,ūs?5投投#Pà中?F??^管-L >???XD?gT理.¨?ú?0$??XD?#有限?FP?限?FP?U ?§g[ě?? 20P>?-??ě投r,ū?>->?-??ě投r^F?ì>?-? ?ě投r-L ?投DE??2l£.?????司5投/à中管 -Ls?!"#投#中管-?#?ě投r 21PF?ì>?-??ě投r,ū?t->?-??ě投r^F?ì> ?-??ě投r-L ?投DE??2l£.?????司9?z?? -?#F?ìyt-L投#-??F 22P投F,ūμF投rP?ě投r^>?-??ě投rl??? ?g中管3U?4??投#[ě投F#> 23P???理F,ūs>?^H!IJK>?????#投 F 24P??限ī,ūDEFg???ě????9????9 中信建投基金管理有限公司 公投






































 7 ?E??#?P??P??P??Dl司 司?投q限ī 25P???ě,ū中信建投DE理???l?>-????2^中管 3U?司#[ě?)9????限ī?X?DEF????? ?ī??9?E??限ī#?ě 26P??限ī,ū??PDDP??P?ā^?ā限ī9?§LM¥| 投F??#建?^DEP????P??限ī#Q?P?ā^? āP?E???P建?XGD???理F*'^?E?????q 27P???ě,ū?E??限ī#?ě=#???ě+中信建投D E理???g??中信建投DE理??????+?E??限ī#?ě 28P??,ū???ě+投F?#P??[?理#PDEF? DE#????l[????#?? 29P????,ū???ě+投F?#P??投F?????? ě?E??P?P??P??P??Dl司 司?投q限ī°?è#? ???l????#?? 30P>?BC:,ū!"???????司l>??司#?)9 DEF?中管3U?E????R?9X??中管3UK?Q?# : 31P>?ìā:,ū>??司#>?ìā?1b??9? ??āR?9?ā???中管3U??X%??#: 32P!" ,ū??????:è??????:ā# ?9?? Y??? 3μ< 33PD? ,ū>?BC?ìā??#Y司 ? 34P?a:,ū?????P?????#@???: 35PT:,ū???ěà?司???E投F?P??g[ě限ī # : 36PT+n:,ū? T:è÷ nμ?a:(Y¥? T:) 37P:,ū+投F?E???P??g[ě限ī#?a: 38P??,ū:???P??g[ě??#??? 39P-限ī??2,ū-中信建投DE理???A限ī??29 中信建投基金管理有限公司 公投






































 8 ???DEF?DE#A投????#限ī??91D EF^投F???x 40P??,ūà!" L9投F??>?^H!IJK#?司 ????#t+ 41P?,ū>?BC?# L9投F??>?^H!IJ K#?司 ????#t+ 42P??,ū>?BC?# L9???理F?>?^H !IJK?司#?)?????∥?+?#t+ 43P??,ū???理F?t>?^DEF??理C?? ?司#?)9 ?[?理DEFDE#P??#????+ DEFDE#[ě??#t+ 44P??D,ū???理Fà#Y????ě??Oá#??? ??????ě#?a 45P司 司?投??,ū投F??理.???ě?b 9ü司?  ?:P??l???A91???ě/? ü司?:à投Fū司? ?L??R2??l?E? #?è投?A 46P????,ū?μ:9??? (?? ???? ????中?b ???????? ????l??中??  ?????#??)?????a:???# 20% 47P司 ,ūǎ?#àǎǐ Lǎǐ?aPǎǐ ?ǎǐ ?? 司 #?aǐA 48P ,??μǎǐ ????÷?μ?a:èy? 9 ?5?E????限ī=#?μ + 5? 20μ?a:9 #?§??DEF????+$=?ǎǐ ???gà L?Y5ǒ ?g[ě?±ùǒ????????限ī#9gs?>??ǔǔ ?g??限ī#9 ??ǖǖ9ǘ?í× #????9DEF 理?>EǘS?g??限ī#?E ?X%?? 49Pǎǐ ,??#÷?μǎǐ +?>?BC:¥|>? BC:è9?>?BC:# 1;?#;ǚW:#o?:ā=???μǎǐ 中信建投基金管理有限公司 公投






































 9 +? ???:?:¥|?:è9? 1;?#;ǚW:#o?:ā= àǎǐ LY?E????限ī9hY?m?? 50P;ǚW:,ū??·司: à??;?中#W¤: 9??W¤: + ??a:9?ǖǖ???a:9éYDà?W¤: #9?ǖǖ???_?l??z????#2^?z#?ü 53P??],ū?理#??理\P?tD??P¤_ ??l[ě?#\]?^ 54P??],ū??]òó?公?#\] 55P???],ū?ā:??]??ā:???? 56P??],ū?ā???^?公#\]9Q司?? ]^???]#?? 57P??#??,ū?????P??P???ī?_??A #Y?9????+Y?#?? 58PA ???,ūà投r??P??_???P??z°Y? ???中?????ī?9à??????理 ?_????z# ???? 59PC ???,ū????中?????ī?°Y_???P ??z9à??????理 ?_????z#???? 60P??司\??,ūeA????????9??ǘS? ??]#?A9?ǘS投?>#mn??2?òaO??P??#投 r9?°ò?WD????理F?`#Y??ˉ9QG投r#>??` Y???X???áW? 61P??d???,?ū1/????P3DP>?g?a??q?? ?>E\?%??#?9¥|VY?/? :à 10 μ??:?#?? ???t司 D????ü司理?)?o??#?tD?Pǔ???P?? ??#??l???t??P???P??tF公ī?ü??yt?? 中信建投基金管理有限公司 公投






































 10 g??#公q 62P?司??,ū?>中管3U?司?)#zyt信???#?管d? ?l-信?????2?司#?????¥|DEF??P?DF? ?P中管3U??????q?? 63PY5ǒ?,ū>?e?FY?é?PY????Y???#??? ) 中信建投基金管理有限公司 公投






































 11 基管理


 ?PDEF? *,中信建投DE理??? ??,??m??????????? 38? 1? ????,??m??????L?? 2 8??中? B ? 17P19 ? ?司?ZF,?? ??: ,2013; 9< 9: 0$???.l0$??(8,中管3U34562013711088 ??±A,理??ê?? D? ?,??D? &',30000??F?ì ?3F,???? ??,????????????? ???ě,中信建投??理???????P?????ī理??ê?? ????P????????理???????= ?Pē?F???? 1P??U2??





??9?91976; 10





































 12 中?投??管???投理????īúéā????ē??aP中?投" ??īú?ēDē??aP中管??管?????理????投 ú?TE???????ēêqw=2017 ; 4 ?F/??9?ê中??????^???ī??? ?K?P?????^???ī?>?F/??P??mF???U????? ?P中信建投DE理???????= ??9?91977; 11





































 13 E?Ta????9??B??=?ê??E???DE?Ta???限??? >??中??ēêP中管U??U?īDE?UE?P???限??理??? ????P???????理???????P???y????????理 ???????P中???????理???????P中信建投DE理? ??????= 2P3?U2?? ??9?91966; 2





































 14 ?G?9?91984; 2???q9?ê中信建投D E理???????P??K?P???=? P?TE? ?????9基??????=?ê?ǖ? ??? 理???ê????ú ??????Pá??ǖ管??ìT?理??ê????ú ??????P管投??D E理?????ú公???P中信建投DE理?????ú???9?ê 中信建投DE理????司_`úTE=2016; 6< 25:è¢ê中信 建投???ìmnP中信建投????ìmnP中信建投?信司  公投2019 ; 6 < 6 :è?+中信建投p^中?公公 投TE92016; 6< 25:? 2020; 8< 2:¢ê中信建投? ìmnTE92016; 11< 7:? 2018; 9< 25:¢ê中信建投?? 司 公投TE92017; 3< 3:? 2018; 9< 18: ¢ê中信建投??公投TE92017; 3< 3:? 2018; 9 < 25:¢ê中信建投??公投TE92018; 9< 13:è ¢ê中信建投基金管理有限公司 公投TE92021; 3 < 4:è¢ê中信建投???;司 公?èA投TE= ????B9W?Ta????????=?ê中信建投DE理?? ?·司?DEú投TE?EP投TE=?ê中信建投DE理???? 中信建投基金管理有限公司 公投






































 15 司_`úTE=????; ?2BC?:è9yO信zP{|}~#?DE^? z??? 4ò?×˙#?理?限?#F?yt投??P??9?限? #T??ADE^?a??? 5建???Lújk??P3????P?īDElF?DEq?ǚ9 G?DE#??^DEF#??£???9W?DE#Y??? 中信建投基金管理有限公司 公投






































 16 DE9????9yt投? 6?s?-?2P->?2l[ě理.?司?9Y??z? ?+??lê?÷?F???`9Y???÷?F?a??? 7s????DF#3?? 8ǎ??e>E#?áǒ?ā????P?P??^&?\?# ???>->?2q??()#?司9?理.?司?āX???]信?9 Q司???P??#\?? 9ytU??āX???īU???? 10???ǚ??P中 ??^;ǚ??? 11???t-?2P->?2l[ě理.?司9?t信???l ???ī? 12Gx?限??9Y??投??P投ō?q=?-?2P ->?2l[ě理.?司ū理?司?9à信????o¤%G?9Y ?ěF??? 13?->?2#ü司Q司_`?ò??9l?????理 F?ò_`? 14??司?E???? 9l?P×???????? 15s?-?2P->?2l[ě理.?司?"???理F? Ugò>?DFP???理Fs??"???理F?U? 16??司GD??DE限ī??#U??'P?ZP??^[ě£ .? 15;?? 17QG???投r??#??()g?à?司???b9X? G投r?˙?t->?2?司#??^?A9??????理.# ??9Xà??>E2#?)??理.?#1?)? 18??X?????ā??9????#GDP?EP?\P ??^?ò? 19????Ps????gr?s??????9l???中管3U X???DF? 20???->?2?ù??#??g?????理F>? ?`?9¤e?¢???ê9[???êY?[?ê°??? 中信建投基金管理有限公司 公投






































 17 213??DF?????^->?2?司?t??#?ī9 ?DF??->?2?2?????9DEF¤+???理 F?`??DF??? 22eDEF?[?ī??÷???E?9¤eW÷???E理. ?ī#t+?¢?ê? 23DEF*?9?Z???理F?`tǒ????gOá[ ě??t+? 24DEFà!" ?????#???)9->?2Y? BC9DEF?¢?ú!"?z9?ǜ!"X???t? ? D?? ?à!" ??? 30:L????F? 25?tBC#???理F?U#??? 26建?XGD???理F*'? 27????l中管3U?司#^->?2ü司#[ě?ī= ?PDEF??? 1PDEF??Y????-中?F??^管?2P-?2P-? ???2P-?a??2P-信?????2q????#t+9X??建???L ú???ǚ9ǎ?理C?á9?ā??t+#?B= 2PDEF#?āt+, 1?DEF?理??grěF??í?/????投? 2Y?á?W???DE#Y???? 3?z??gwī??+???理F?#÷?F???`? 4????理F????_`gr?¢??? 5??P?z??? 6???wī????#??信?P?z?信???grJ?P?? ěF??£.#????? 7??wx9Y?t?司?tw?? 8??Pt¨??l中管3U?司?ā#[ět+= 3PDEF????F?DE9??w限?x9??^ü????x管 ?理.????lt限??9yO信zP}~v?9Y????, 中信建投基金管理有限公司 公投






































 18 1??g??T?? 2??????P>?g?D??? 3?ō?????理Fg>?[ěe?F#>??`? 4à?中管3U??#?中??a?? 5??P??P??g???ˉ中管3Us?3D? 6??wxP?zw?9Y?t?司?tw?? 7??àêw ???#理.P#?限??P??s??# 投LMP投??q信?9g???wī????#??信?9? z?信???grJ?P??ěF??£.#????? 8??P????g[ěê?±A+[ě??gμFyt??? 9?????限ī??9?zW?P? ?q??????mn\?9 ??mn??? 10???t9?ê??? 11à?信???^??中?ō?理??P??P??2?? 12Y@e????限ī??? 13理??U??9??投F?±?? 14[ě??Pt¨??l中管3U?ā#t+= 4PTE?? 1st理.????^>?#?司9?{|#?+??? 理F?????`? 2Y??zwī??+??P??Fgê?÷?r???`? 3Y???t理C#理.????P>?^中管3U#理.?司9 ??àêw ???#理.P#?限??9? ?s??#投L MP投??q信?9g?z?信???grJ?P??ěF??£.#? ???? 4Y??????^???理F?`#??l[ě??= ?PDEF#Lú???ǚ? Lú???ūDEF+??^??jk9GT??a?>DEF ????9à????L?ú?-#??9??建?????P?zDE??P 中信建投基金管理有限公司 公投






































 19 Oá????????á°±2#3′=DEF?>???§??9建?? ??>EP????P?têC#Lú??§39X?司???R?#Lú?? ?ǚ= 1PLú???? 1GDEFT??a?x管?????^t限3D??9??± 2x?T?P???a#T???^T?Eń= 2??^??T?jk9?êT?DEC`9QGT?限ī#???t ^???#??RS9O???P?司P????= 3QGDEF^?īl[ě信?#NOP$QPl?PRS= 2PLú??? 1??d?=Lú??????DEF#??限īP?μú?^ ??F?9X?????P?tP3?P??q?μ??= 2理Cd?=????#Lú????^??9建?>E#Lú?? ??9??Lú??#理C?t= 3??d?=DEF??ěPú?^??w?G?£W??9 ?P?理??P[ě?#?a£??Y= 4£??ü?=DEFLúú?^??#?ó???JP£?? ?= 52C`?=DEF?z???#T?DE?????a29 ?êTaC`9>E#??2????#Lú??C?= 3PLú??LM DEF#Lú????建?,Y£Mwī£?Y#??PR?#??? ê?P??#??DE?áPRS#信??G?3′P??#????P理C #jk??3′^???¤??q=DEF?x管?理.????9??> ?>?d?P??d?P?|d?^??d?9???3′R?#Lú ???ǚ=Lú??#LM¥|投DE限ī??P信?????P信???3 ′??PU?3′??lLú????q= 4PDEF./Lú???ǚ?JK 1DEF???./Lú???ǚ#??NOP$Q= 中信建投基金管理有限公司 公投






































 20 2DEF????mn??^DEF限ī??YfR?Lú? ??ǚ= 中信建投基金管理有限公司 公投






































 21 基管理


 ?P??


*,中管?t??理???中管?t


??l????,??m金??1??L?? 18


??&'??: , ????;??< ??: &',F?ì????????????????????????S


?司?ZF,ˇo? ?D限ī0$(8,中管3U3??1998?248


?Dú?信????3F,4? ?N,01066594942


中管?t????,95566


?P?Dú?lē?F???


中管?t?D限īú??/ 1998;9?理?? 110?F9?ú????理 ??#?tPPP信??限T?9??理???aP??g??T?9 60%?#???理?????gê?w=+a?????限?#?D?ī9 中管?tǜà-LP??t??D限ī= a+管L?0?投?D限ī#?限?t9中管?t?理投 P?W?P?W?P?GPGkPQFIIPRQFIIPQDIIP -????ěP??DE??P信???P有限;P?tE???P?? P?!P?Dq????P????#?D限ī§3=à管L9中 管?t????C??Pjk??q?]?ī9+??????μd?#?D ?]?ī9?管L??#?中?D?t=


?P投?D??


ī? 2020; 12< 31:9中管?tǜ?D 876?投9[中-L  831?9QDII 45?9?????P公Pí>P?ìPū? PFOFq?è?#9í×?Y??????#投E???9?D ?ǐ???限o?= 中信建投基金管理有限公司 公投






































 22 ?P?D限ī#Lú???ǚ


中管?t?D限īújkDE????a?中管?t??jk???a# ?2ú?9??中管?tjk??Eń9?????aP??T?#?= 中管?t?D限īújk???a??限ī???9??jk?????Pjk ???á?司l?ǚ建?PL?ú??l??q?á???D限ī??P??P ??#jkD?=


2007 ;è9中管?to?? ?úU?U???ī???D限īLú? ????a=????/ SAS70PAAF01/06 ISAE3402^ SSAE16 q管?ē?L???$?#?G?ō?#????=2020 ;9中管?t??? ??/ISAE3402^SSAE16?$?#Lú??????=中管?t? D限īL??ǚR?9L??á??9?˙理CG?D?#??=


?P?DFWDEF?ayt3?#??^??


??-中?F??^管投?2P-?!"投?aDE ??2#£.?司9?DF??DEF#投ū?????Pt¨?? ^[ě理.?司9gr??>?ü司#9¤e???t9l???DE F9Xl??管ī?3?DE?ě??=?DF???DEFs? ????ǜTBC#投ū?????Pt¨??^[ě理.?司9gr?? >?ü司#,¤el???DEF9Xl??管ī?3?DE?ě? ?=


中信建投基金管理有限公司 公投






































 23 基管理


 ?P?????ě 1Pǘ??ě 1ǘ?中? *,中信建投DE理??? ??,??m??????????? 38? 1? ?司?ZF,?? ????,??m??????L?? 28??中? B? 19? ?N,010-59100298 ?3F,??? ???ī??,4009-108-108 ??,www.cfund108.com 2??ǘ? ǘ???,www.cfund108.com 2P[ě???ě 1??????理??? ??,金??????m????管??ú? 10?? ????,??m????á?ɑ 888?????? ?司?ZF,??? ?3F,?? ??,www.18.cn ???ī??,95357 2????理??? ??,L??????^?·m????????í??????限?>? ????,中管??m金????? 178中管F?中? 11? ?司?ZF,??? ?3F,?? ??,www.cnht.com.cn 中信建投基金管理有限公司 公投






































 24 ???ī??,956088 3????理??? ??,??ɡ??ǖ?金ɑ 238投?n 18? ????,??m??????ɑ 19288???? ?司?ZF,??( ?3F,??? ??,www.longone.com.cn ???ī??,95531P400-8888-588 4中信????理??? ??,??m?????金ɑ 58 501? ????,??m?????金ɑ 58??管??中?ē? 19?P20? ?司?ZF,??? ?3F,?? ??,www.gzs.com.cn ???ī??,95548 5中信基?理??ê?? ??,基?ɡ??m?基???ɑ 2228 18? 2001 ????,基?ɡ??mm????金ɑ 288???n?? 5? ?司?ZF,??? ?3F,?????限īP??< ??,sd.citics.com ???ī??,95548 6中信??理??? ??,??ɡ??m???中??ɑ 88?????n(? )?? ????,??m??????ɑ 488中信?? ?司?ZF,??? ?3F,??? ??,www.cs.ecitic.com ???ī??,95548 中信建投基金管理有限公司 公投






































 25 7中信建投??理??? ??,??m????L?? 1888??管??? ????,??m????L?? 1888??管??? ?司?ZF,??? ?3F,?? ??,www.csc108.com ???ī??,95587 8中信 ?理??? ??,??m???中??ɑ 88?????n? ?? 13? 1301-1305P 14? ????,??m???中??ɑ 8 8?????n? ?? 13 ? 1301-1305P14? ?司?ZF,?? ?3F,??? ??,www.citicsf.com ???ī??,400-990-8826 9中信建投 ?理??? ??,??m?中?中基?ɑ 107 8???? 11-B,*?? 11-A,8-B4,9-BP C ????,??m?中?中基?ɑ 107 8???? 11-B,*?? 11-A,8-B4,9-BPC ?司?ZF,??? ?3F,ˇΑ ??,www.cfc108.com ???ī??,400-887-7780P023-63600049 10??o??Β??理??? ??,??mo???>a??基?ΓΔΕ?ɑ 1288???投中 ? 412 ????,??m?基???Ε??BΖΗ?Θ 11? A? 3608? 中信建投基金管理有限公司 公投






































 26 ?司?ZF,??á ?3F,?ΙΚ ??,www.caiho.cn ???ī??,400-128-6800 11??ΛΜ??理??? ??,??m????Νɑ 348? 68? 15? 1501? ????,??m????Νɑ 348? 68? 15? 1501? ?司?ZF,ΞΟΟ ?3F,?Π ??,www.danjuanapp.com ???ī??,400-159-9288 12??Ρ·???理??? ??,??m???金?Σ建Τ?中ɑ 128 178á? 157 ????,??m????ΥTa????????? 188???"? ?ú A? 17? ?司?ZF,??Κ ?3F,??? ??,www.kenterui.jd.com ???ī??,95118P400-098-8511 13中???投??理??? ??,??m????DΦ 18 28? 2-45? ????,??m金???Χ????Ψ 18?Ω??中? A? 5? ?司?ZF,??? ?3F,?? ??,www.jnlc.com ???ī??,4008-909-998 14^?????理??? ??,??????????????j?ɑ??Κ?? 6 8? 5 ? 503 中信建投基金管理有限公司 公投






































 27 ????,???????????(??)?j?ɑ??Κ?? 68? 503 ?司?ZF,α?β ?3F,??γ ??,www.hgccpb.com ???ī??,400-0555-671 15???δ??理??? ??,??mεζ????ɑ 68 105?-3491 ????,??ɡ??m???η??Γ? 1 8G?管??n?? B1201-1203 ?司?ZF,θι ?3F,κλλ ??,www.yingmi.cn ???ī??,020-89629066 16??????理??? ??,??m??????μ?ɑ 13338 14? 09?? ????,???1???????μ?ɑ 13338 14? 09?? ?司?ZF,??? ?3F,?? ??,www.lufunds.com ???ī??,400-821-9031 17??ν??理??? ??,??m?????ɑ 5008 30? 3001?? ????,??m??????中ɑ 4888?á??? 1503? ?司?ZF,?? ?3F,?.? ??,www.jiyufund.com.cn ???ī??,400-820-5369 18a???????理??? ??,??m?????ξ中ɑ 168? 18?οπ?? 3? 307?? 中信建投基金管理有限公司 公投






































 28 ????,??m?????ξ中ɑ 168? 18?οπ?? 3? 307?? ?司?ZF,?? ?3F,??β ??,www.jianfortune.com ???ī??,400-673-7010 19??ρ信??理??? ??,??m????σ?ɑ 88? 28? 106-67 ????,??m???σ??τ管υ? 108? ?司?ZF,??φ ?3F,χ? ??,www.zhixin-inv.com ???ī??,400-680-2123 20???2??理??? ??,??m金??金ǘ???? 18? 28? 17? 19C13 ????,??m金??金ǘ???? 18? 28? 17? 19C13 ?司?ZF,?ˊψ ?3F,/ˊˊ ??,www.hcjijin.com ???ī??,400-619-9059 21???Κ??理??? ??,??mωΧ??Κ?Γ 1-58 ????,??mωΧ??Κ?Γ 1-58 ?司?ZF,?? ?3F,?? ??,www.snjijin.com ???ī??,95177 22?O??DE理??? ??,中管(??)?1????????Γ 88??管中????? 27 ? 2716?? 中信建投基金管理有限公司 公投






































 29 ????,??m???????Γ 88??管中?? 27? ?司?ZF,?? ?3F,?ι ??,www.harvestwm.cn ???ī??,021-38789658 23??????理??? ??,??m?基???ɑ 54758 1033? ????,??m?????*ɑ 10988??管???n 53? ?司?ZF,??? ?3F,?? ??,www.leadfund.com.cn ???ī??,95733 24????ǖ??理??? ??,??ɡ??m(?金ɑ?8???? 903? ????,??m金??(?金ɑ 18???? 903? ?司?ZF,χ? ?3F,??? ??,www.5ifund.com ???ī??,952555 25??????理??? ??,??ɡ??m??????Γ(?金ɑ 9698 3? 5? 599? ????,??ɡ??m??????Γ(?金ɑ 9698 3? 5? 599? ?司?ZF,?管J ?3F,??? ??,www.antfortune.com ???ī??,95188 26??????理??? ??,??m?????ɑ 1968 268? 2? 418 ????,??m???????ɑ 11188????管??? 903~906? 中信建投基金管理有限公司 公投






































 30 ?司?ZF,?(? ?3F,??? ??,www.howbuy.com ???ī??,400-700-9665 27??????理??? ??,??m?????ɑ 1908 28??? ????,??m????á?ɑ 888??????? ?司?ZF,[O ?3F,??? ??,www.1234567.com.cn ???ī??,95021P400-1818-188 28????G???理??? ??,??mê??Ta?????Γ 478 ????,??ɡ??m???中基?ɑ 28?????? 2005? ?司?ZF,χ?? ?3F,??? ??,www.huilinbd.com ???ī??,025-66046166-849 29???t??理??? ??,??m??????ɑ 2188 ????,??m??????ɑ 2188 ?司?ZF,??? ?3F,??? ??,www.cbhb.com.cn ???ī??,95541P400-888-8811 30???t??理??? ??,??m??????中ɑ 1888 ????,??m??????中ɑ 1888 ?司?ZF,ê?? 中信建投基金管理有限公司 公投






































 31 ?3F,?? ??,www.95559.com.cn ???ī??,95559 31中管?t??理??? ??,??m金??1??L?? 18 ????,??m金??1??L?? 18 ?司?ZF,ˇo? ?3F,(?? ??,www.boc.cn ???ī??,95566 32中管???t??理??? ??,??m金??1??L?? 558 ????,??m金??1??L?? 558 ?司?ZF,??? ?3F,?? ??,www.icbc-ltd.com ???ī??,95588 33??????理???? ??,中管???1??????·?ɑ???8 ?? ????? ????,??m?Κ????ɑ???8?? ??? ?司?ZF,???? ?3F,??P??? ??,????? ????????????? ???ī??, ????????????? 3PDEF5??-?2P-?a??2P-????2^ >?q#?司9??[ě?>??#?ě?E??9Xl???= ?P???ě *,中信建投DE理??? ??,??m??????????? 38? 1? 中信建投基金管理有限公司 公投






































 32 ?司?ZF,?? ????,??m??????L?? 28??中? B? 17P19? ??,010-59100230 ?N,010-59100298 ?3F,?G? ?Pb???ō?K#???ī? *,??m?????ī? ??,??m??????中ɑ 688???中? 19? ????,??m??????中ɑ 688???中? 19? ??F,?Ё ??,021-31358666 ?N,021-31358600 T???,?JP?? ?3F,?? ?P????#U???ī?





*,???Γ中?U???ī?·???>?





??,??m??????μ?ɑ 13188???t?? 6?





????,??m?????ɑ 2028??有限?n?????Γ中? 11 ?


?司?ZF,??





?3F,??








?3??,021-23238888








?N,021-23238800





T?&'U??,?? P??? 中信建投基金管理有限公司 公投






































 33 基管理





1DEFst-?2P-?a??2P-????2P>? l[ě理.?司!"9T 2017; 12< 13:中管3U3456201772292 8()$%!"&'= +?üA9D? ?+Y司 =!" ? 2018 ; 6 < 11:? 2018; 9< 10:9?!" 201,170,488.24???9!"??+ 2588?= 中信建投基金管理有限公司 公投






































 34 基!管理


"#$% ?P>?#BC?? >?ǜ/ 2018; 9< 13:@ABC9??: 9DEF @A?DE= ?PD? L#???理F??^??ǐ ->?2BC?9o? 20 μ?a:b????理F??Yí 200 Fgr??]?/ 5000??#9DEF¤eà司 ??中%??? o? 60μ?a:b?o??±#9DEF¤e?中管3U??X?b? ???9????a?AP?[ě>Xgrìā>?q9X?? ??理F?UytZ?= ?>?BC:è9éàê? ???::ì#???理 F??Yí 200F9gràê? ???::ì??]??e:? #??W¤#??]Xòóe:??#??W¤#??]?/ 5000 ??#9???->?2÷?ùú?#ü司yt???ā Xìā9°??????理F?U= ????ū理?司?9?[?司= 中信建投基金管理有限公司 公投






































 35 基&管理


'()*+,- ?P?^??n? #??????????ěyt=?§#???ě?1DEF à£.??中?J=DEF5??????g?ò???ěXàDEF ????=投r¤eà???ě?E??限ī#?限n?g???? ě??#[ě?A?E??#????= ?P?^??#:l?? 1P:l?? 投F?E??#?^??q限ī#:+£¤ L#?μ ?a:9?§?E??+?????P?????#@???:#?? ??9VDEF??????P中管3U#??g>?#?司??ǔ ǔ?P?????=ǎǐ L9Y?E????限ī9hY?m??= >?BC?9éb??#/ ???mnP/ ??????? ???g[ě·???9DEF????Wo?:l??yt£¤ #ǘS9V¤àOá:ost-信?????2#理.?司à?司?????= 2P?P???:l限ī?E?? ?????g>?ū理ü司?9?μǎǐ ???÷?μ?a: èy??μ 9??E????q限ī9?μ + 5? 20μ? a:9 #?§??DEF????+$= DEFY?à>?ü司??#: gr???E??#?P ??gr??=à L9投Fà>?ü司??#: ^???b?P ??g?? ????ěQ???#9[???P??\?+? :?????P??#\?=Vé投Fà ???:限ī?E?? ?????b?P??gr?? #9?+?C = l ? E????限ī#?§???H!IJKlDEF????#£.??= ?P????#? 1P??\?9??P??\? e:_m??ā#??? ??]+$yt?ā? 中信建投基金管理有限公司 公投






































 36 2P??P?????9??? 9???? ? 3Pe:#???? 5àDEF?司#??L??9V T???ěQ?#Y???? 4P?????y?b?9??t投F??P?#????yt ǖ????


5P投r?E?P??q限ī?¤??#()^?E??P?E??P ?E??qà?x>?^H!IJK?司#o?9????ě#?§? 司+$= DEF5à?????4#??9W???ytǘS=DEF ??à????Oáost-信?????2#理.?司à?司?????= ?P????#?? 1P?^??# ?A 投F???????ě?司#??9à:#?§限ī?E??L?b ?g??# = 2P?^??#???? 投F????9?????????9投F?????9 ?2?????ěQ????9?BC= ???理F???? 9??2?????ěQ????9??BC= 投F?? 2??9DEF?à TА7 :(¥|?:)L??????= à?B????g>??J#[ěǔǔ??gǖБ??????#?±?9 ??#?????t>?理.???E=????g??mn???ВǖГP ??3′??P?t????3′??g[ě?DEFl?DF??? ?#???ˉ限ī?E??9?????????£¤ǖǖ= 3P?^?? #Q? DEF¤??????o?E理C?^?? #e?a+? g?? :(T:)9à@???9???ěà T+1:LW???#理 CdytQ?=T:??#理C 9投F¤à T+ 2:?(¥|?:) l?? ???ДЕ?g???ě?司#[ě?A?? #Q???=é?Y2?9 ??????a投F= 中信建投基金管理有限公司 公投






































 37 ???ěW?P?? #?EXY?Z? ?司2?9°Ж?Z?? ?ěQO?_??P?? =?P??#Q????ě#Q???+$= W/ #Q???9投r¤l???= ?P?^??#???? 1P投r??[ě???ěgDEF??ǘ??????#? ???+F?ì 100 ?9????З?Y???=投r??ǘ?中?? ????#????+F?ì 20,000 ?9????З?Y???= ????ěW?????l???ǜ理[ě?司#9????ě#限ī?司 +$= 2P???理Fà???ě?E???9?З?? #????+ 1 ???????理F5?[?úgú?????9V?З???限 ī???P??P??Dq?ù?μ????#?????/ 1 ??9??ú?????????= 3PDEF5?司?μ投FИ??理#????9?§ DEF#????+$= 4Pe??? WD????理F?`ě2Йà??Y??ˉ?9 DEF¤eǎ??司??投r????g?:??ú???P ?????Pǔǔ?q?á9КOG?D????理F#>??`= ?§ ??£.??= 5PDEF5à?????4#??9ǘS???司??^?? ??q????=DEF??àǘSOáost-信?????2#理.? 司à?司?????= ЛP#??^??? 1P??z A???#??z1?A???#投F?¢9 Y????9ē?z/#mn??P??P??q???z=C? ??Y_???z9V????中?????ī?= 投F5???9??ň??З? ???ā=??ň ?, 中信建投基金管理有限公司 公投






































 38 中信建投基金管 理有投金限公理有司 管 理有司管 jkklmno管 kpqkr管 jkklstuvwkklmx kpwkrx wkklmytzn{x |}j~kkkm管 信建投基金x )*;? 0x 2P???z #???ň?, ?理 ?Y ???ň YМ7: 1.5% 7:НYМ1μǎǐ 0.1% YО1μǎǐ 0 ???z1????#???理F?¢9à???理F?? ???_?9[中W???理 ?/ 7:#投r_?#???????? ???W???理 Y?/ 7 :#投r9?Y?/?????# 25% ????9[?z/?????^[ě??#???= 3PDEF5à>?ü司#?ПLǘS?ňg_??A9X?Г ¤/?#?ňg_??AOá:ost-信?????2#理.?司à?司?? ???= 4PDEF5àY???????司l>?ü司#?±??m n???司????9司 gY司 ??????=à???? ?9?£.3Dú????t?????9DEF5?eǘ?? ?ň^???ň= 5Pe?B???g???±?9DEF5ǎz??司\??9 QG?]#?ád=?§?E???a????£.????l3Dú ?P????#?司= ?P?^??#??^\? 1P?^????P??#?E?A 1?#理C??+????e:#?????]9理C? 中信建投基金管理有限公司 公投






































 39 ???+?=???ā?????Р????9G????Д? 2?91С?B #_`g??1???¢= 2???+?O?Q?#理C????Тe:?????]X ??£¤#?z9?????+?=???ā?????Р????9G?? ??Д? 2?91С?B#_`g??1???¢= 2P???#?ā 1é投r??? A???9????#?ā?A+, ??z?zú??ň?, ???=??/(1+??ň)


??z=??У???


???=???/?e: A???#???] ??z?z?司??, ??z=?司? ???=??У??z ???=???/?e: A???#???] ??,?投F投 40,000.00?? A???9W¤#?? ň+ 0.80%9???e: A ????]+ 1.0400 ?9?[5??#? ??+, ???=40,000.00/1+0.80%=39,682.54?


??z=40,000.00-39,682.54=317.46?


???=39,682.54/1.0400=38,156.29? ?,投F投 40,000.00?? A???9W¤#??ň+ 0.80%9???e: A????]+ 1.0400?9?[5?? 38,156.29? A???= 2é投F??? C???9????#?ā?A+, ???=??/?e: C???#???] ??,?投F投 50,000.00??# C???9???e : C???#???]+ 1.0500?9?5??#???+,


???=50,000.00/1.0500=47,619.05?


中信建投基金管理有限公司 公投






































 40 ?,投F投 50,000.00??# C???9???e: C ???#???]+ 1.0500?9?[?? 47,619.05? C???= 3P???#?ā é投r????A?g C?9????#?ā?A+, ???=????ФT :???] ???z=????ФT :???]Ф???ň ????=???-???z ??,???投r?? A??? 100,000?9?З???理??í? μǎǐ 9?W¤#???ň+ 09????e: A ????]? 1.0600 ?9?5??#???+, ???Х100,000×1.0600=106,000.00? ???zХ100,000×1.0600×0Х0.00? ????Х106,000.00-0.00Х106,000.00? ?,投r?? 10?? A???9?理 ?í?μǎǐ 9? ???e: A????]? 1.0600?9?[5??#???+ 106,000.00 ?= ??,???投r?? A??? 100,000?9?З???理??Y? / 7?VYí?μǎǐ 9?W¤#???ň+ 0.10%9????e: A? ???]? 1.0600?9?5??#???+, ???Х100,000×1.0600Х106,000.00? ???zХ100,000×1.0600×0.10%Х106.00? ????Х106,000.00-106.00Х105,894.00? ?,投r?? 10?? A???9?З???理??Y?/ 7 ?VYí?μǎǐ 9????e: A????]? 1.0600?9?[5? ?#???+ 105,894.00?= 4P???]#?ā?A ?????]Х????]??/?tà?#?????? Ц????]#?ā9G????Д? 4?9? ?Д?÷ 5?? Р??91С?B#_`g??1???¢= 中信建投基金管理有限公司 公投






































 41  A???^ C ??????ó?Ч9???ā^??Ц? ???]^Ц???И??]=àǎǐ L9DEF¤e???? ??????]^?????]=à L9DEF¤eà? μ:#?:9??[??P?????Дl[ě??9??:# Ц????]^Ц???И??]=?·???9T中管3U?ō9 5?eǖГ?āg??= ?P??gǔǔ?#?± à L9?B????9DEF5??gǔǔ??投F#?  , 1P?Y5ǒ??ù??@??a= 2P?B>??司#ǔǔ??]???9DEF5ǔǔ?? 投F#? = 3P/ ?????????@?ǔm9?ùDEF???āe: ??]= 4P???Зg?Ш? 5?U?ˉg???理???理F?`?= 5P??ǐ??9ǒDEF??Щ?>?#投?è9g[ě5 ?W限??B???ˉ9gb?[ě???理???理F?`#?±= 6PDEFP?DFP???ěg???ě#Ъ????ù ??3′P??3′gU?3′??@??t= 7PDEF???Зgr?Ш? 理5??ù??投r?理 ??#ú???gr?? 50%9gr?£?? 50%"中ǚ#?±?= 8P eo??]:??] 50%?#?b??5??#?Ыmn\ ??ǎz?]??Ь?ù??\]Dà??YQ司d?9T??DF??Q ??9DEF¤eǔǔ??? = 9P?????司g中管3U?司#[ě?±= ?B??÷ 1P2P3P5P6P8P9?ǔǔ??±???DEF?司ǔ ǔ??? ?9DEF¤e??理.?司à?司?????ǔǔ?? ?=??投F#? ??úgú???#9? ??#??????a投 F=àǔǔ?#??Э??9DEF¤l?Ю1?限ī#?E9?  ?ǔǔ??# ?£¤ǖǖ9ǘ?í× #????9?§?? 中信建投基金管理有限公司 公投






































 42 DEF????+$= ùPǔǔ??gǖБ??????#?± à L9?B??±?9DEF5ǔǔ??投F#?? g ǖБ??????, 1P?Y5ǒ??ùDEFY???????= 2P?B>??司#ǔǔ??]???9DEF5ǔǔ?? 投F#?? gǖБ??????= 3P/ ?????????@?ǔm9?ùDEF???āe: ??]= 4P?????? ????理???理F?`#?±?95ǔǔ? ?投F#?? = 5Peo??]:??] 50%?#?b??5??#?Ыmn\ ??ǎz?]??Ь?ù??\]Dà??YQ司d?9T??DF??Q ??9DEF¤eǎ?ǖБ??????gǔǔ???? #?á= 6P?????司g中管3U?司#[ě?±= ?B???±???DEF?司ǔǔ??gǖБ???????9 DEF¤àe:?中管3U??9ǜQ?#?? 9DEF¤×???? ?ǔ?Y?×???9¤?5??ú???μ?? ?? ??#ú??ò a?? F9???ú?5ǖ ??=àǔǔ??#??Э??9DEF ¤l?Ю1??限ī#?EX??9? ?ǔǔ??# ?£¤ǖǖ9ǘ? í× #????9?§??DEF????+$= ?P????#?±l?E?A 1P????#?司 é L?μ:L#????? (?? ???? ????中?b ???????? ????l??中??  ?????#??)??o??a:#???# 20%9??+??B? ????= 2P????#?E?A e L?μ:b??????9DEF5??e ?#??>???司????gǖБ??????= 1????,eDEF?+理????投F#?ú?? ?9 中信建投基金管理有限公司 公投






































 43 ?@??????t= 2ǖБ??????,DEF¤We:?ú?? ytQ?=e DEF?+??投F#?? 理Яаg?+???投F#?? °yt#????5?UW??]?2?????9e:?ú??E#? ???Y??/???# 20%9[??? 5ǖБ??????9Vǖ Б??# ???Y?? 20μ?a:=ǖБ??#?? ?? e:# ?????]+??ā???= 3??B?μ:L?μ???理F ??#???o? ?a:???#ú??? 30%?9DEF5W??μ???理 F??o?ü司ú?#?? Oáǖ ??=ǖ #?? ?:# ???]+??ā???= W??μ???理FY??o?ú?#?? 9?e:[ě?? ?è9???1P2?A?E=??:9??????理Fб? ???ú?Ьв?bo?ú?ü司#9? ??o????E9ǘ????? ??理F?μ:L ??#???o??a:???#ú?? /o?ú?=??à ???:Ьb??μ???理F ??#?? ?o??a:???#ú??? 30%?9DEF??eǖ? 9 ǘ???μ???理F#?? ?úQ?9Vàǖ?# L??Eo ?:L?Q?#?? 9Yг?E[ě投r?b#?^?? = 3PǖБ??????#?? e?B??????XǖБ???????9DEF¤e???дP? NgrH!IJK?司#[ě?Aà 3μ??:L?????理F9IJ理 .?E??9Xà 2:Là?司???????= ??Pǔǔ?g??#??^???g??#?? 1P?B??ǔǔ?g????#9DEF¤à?司 ?Là?司? ????ǔǔ??= 2P??Bǔǔ#??+ 1:9DEF¤/??:9à?司??? ?????g????9X???? 1μ:#Ц????]= 3P??Bǔǔ#???? 1:9DEF?tQ司??????9X? 中信建投基金管理有限公司 公投






































 44 ?-信?????2#?司à?司??????= ??P?? DEF5??£.????l>?#?司?司?? DEFDE#[ě??#??限ī9??5_??司#???9 £.??1DEF????£.????l>?#?司?司X??9X ?o???DF?£.?ě= ??P#????? #??????ū???ě?E??Pеж^?????tq?± °?B#?????l???ě?5P?>????#[з?????=?и à???è??9????#ē§???s?5?理??#投 F= ???ū???理Fйк9[?理#??1[>?#??F??? ежū???理F?[>??理#??ежa??dc#Ug? U?§??????t?ū???ěs?BC??(K????理F?理# ??????a[ě??FP?Fg[ě??=?E????????? ???ě????#£.?9W/?>?)#????? ???? ě#?司?E9X????ě?司#?$_?= ??P#??D ???理F5?Eǜ?理??àY????ě??#??D9 ???ě5?t?司#?$_???D?= ??P司 司?投?? DEF5+投F?E司 司?投??9?§??1DEFū t?司=投Fà?E司 司?投???5?tü司? ??9? ? ???Y?/DEFà£.??g??#H!IJK中??司#司 司 ?投??????= ?ЛP??#л?^?л ???ě??E管?理??.s???#??#л???л9l ???ě?5P?>????#[ě??#л???л= 中信建投基金管理有限公司 公投






































 45 ??P??#?? à?????4??)??#??9DEF5?E???理F? ?中管3U?5#??n?gr???Ayt????# X1???ě ?E??#????=DEFм?E????限ī#9??o??9 ???理F¤??DEF??#限ī???E????限ī= 中信建投基金管理有限公司 公投






































 46 基.管理


/0 ?P投??


ē?投/基金管理有限公9à????jk#??9?нO? ?#? ?司?]=























?P投?П #投?П+?理о???d#???9¥|管公P?t??P ?公P??¨?公P有限公P??公P中 ??P? ?P??? ?P ???P??公P5??公??Y??5?公P5??公P ???t#? ??公P公??P?tD?¥|??D?P司 D?P ??D?l[ě?tD?P?ìmn??¥|?限D?P管公 ?l??? ?g中管3U?4投#[ě???9V??>中管3U£.?司= Yē?投??^?9??理5??公????#??P??? ????#?l?投?Y??5?公°?B#?9¤eà[5?m?? ?:è 10μ??:Lǚb= ?????g3D?ě??4投[ě?è9DEFà?t?e ???95?[п?投?П9[投ú?????理C????g£.?司= #投?>ú?+,投/公?#ú?Y?/?# 80%9[中W基金管理有限公??è#投ú?Y?/???# 80% 9V¤ ??d??9+G????理F?`9à?? o ?μü?рп#??G?9 ?理?gr? :à?;L#¨?公#ú?>?Y?/??]# 5%9àǎǐ L9Y??? 5%#??9V?μ??::ìà??管公 ?>ü?рп#??G?9¤eG?Y?/??G?с#?=[中? Y¥|?ā??PDbGP¤_??q= ?P投?? ??Кту??ф?Ta?t??^?mn?tхц9??°? 司???òól?>? 9Xs?Lú信z??3′9чш\]???#?# 中信建投基金管理有限公司 公投






































 47 è=公投基金管理有限公??è+ē9基金管理有限公?? è£W/[з公9???щ#t限pъǚ9??á建?q?ˉ??9 мà£.t限pъǚ?t?9?ňàáх/????[投ú?=ǎ? #投??ē?¥|公??òó??P? DE??P_`ňыь??P?? ???P信z公投??q=à{|投#??9?нO??>#??? ]=


1P基金管理有限公ēэ#ю司 ?ю司#基金管理有限公??è+í×?μ?)??#有限 ?t#公9¥|я?有限??t#?公P有限公P??公P中 ??P? ?P??? ?P5??公??Y??5?公P5??公q= 1&'à基金ɡ#中?有限P基金ɡ¨?l[?¨???g???? #有限? 2à基金ɡ?????¥|???g???#中?有限P管理?? g????有限? 3??中?????????限?P??P?Pg??????基金 ɡ#中?有限P管理??g????有限= 2P公??òó?? ????ё_`ň#????P·司??#???9Q司管公P ?公P有限公P??公qY?公????#£W投\]9?司£¤公?? òó??9X??mn??l?ytǘS=


3P? DE??


???ту??ф?Ta?t??^?mn???9?>W? ¨¨?P?ì¨?qф?Ta¨???#?e9?°é??mn?ňàá?? хц=àé ?ňàáS§??9???>? 9?????公\??? ??#_`9àé ?ňS§àá???9ò??>? 9??公\?? #jk=


4P_`ňыь??


à?e_`ňыь±???#??9W??>中#?P中P? 公?úyt>Eòó9? ?ǎzту_`ňыь#?Т??gr/_`ňы 中信建投基金管理有限公司 公投






































 48 ь??#??P??l?±??ě??>9Xyt?ΖǘS=


5P?????


à????djk#??9??W?mn?P?ì¨?#? e^mn?ňàálW?ň ??ě#é 9Q司>?#?????ú?= ?à??>?#?????ú??)9W???ň^?_`ňl [ě投?è_`ňytú?9??????? ???a9投/_`ň ê/??2#公l[ě???U?°?????_`=


6P信z公投??


s?Lú信z??3′ту???公ē§#T???P?īū?q? ?9W[信zjkyt??9Сa+信z公??#s?=??W??公 mn#ef9ǎz??dòó???d???>#??9??X?理?? ?9???>mn?b?#?U?z信z?ǜ??yt????= 7P5??公投??


??????t????P?_`?êP???T?#5?公 #?9?m???μ#?§??ēb?理gǚb#?????9?? >??μt限opP?]àáP????q??yt投?a9à?¢??j k#o????ê#投??= 8P5??公投?? 5??公???`???司_`?#·d9?理??tjkP ????\???_`#·Д=???£W\]??P???P?] ??P5??公????9?????cTоP[W¤#?理?? ê??Й?#5??公yt投= 9P???#投?? ?????????dV?˙?B?司??#?9???司#? ěd??9W?中#jk?_`yt?Y?>9y°??25b?P??9 X?理?司_?##??=???#司\?mn?ňP?t??P? #?#ě2lc?P?o??ňq?è???ˉ=?à???^公 mnф???#??9W???#???ějkP信zjkP?o? ?jk^?ňjkqyt??9ǎ?¥|_`ňыь??P信z?ǜыь??P 中信建投基金管理有限公司 公投






































 49 é ?ň??ň??q??ē?#投??9投/???= 10P??? ??公投?? ???Wt限??P????公??P??????q ǘ???9????? ??公#?üjkl>E#?ǜàá9W? ?? ??公yt??P??#\]??= 投??? ??公9DEF????|?9?司??# 投????Pjk???ǚ9XT??U0$9??信zjkP??djk q?èjk= 11P管公 ?#投??


??W?^?#??9W管公mn?цēbef9a+Q 司管公 ?#Φ???^?ǚ#s?=e中? Taê???9??????? ?9?t¨?х/???9建?管公 ???yt? G]9???ň jk9ò??ň????#???? ?9àTa??х/??9????ň?9 ??????b??9??建?管公 ???9???ê#_`= ?P投?? 1P?>?? #投?>¤????, 1投/公?#ú?Y?/?# 80%9[中W基金管 理有限公??è#投ú?Y?/???# 80% 9V¤ ?? d??9+G????理F?`9à?? o?μü?рп#?? G?9?理?gr? :à?;L#¨?公#ú?>?Y?/ ??]# 5%9àǎǐ L9Y??? 5%#??9V?μ??::ìà ??管公 ?>ü?рп#??G?9¤eG?Y?/??G?с#? ?[中?Y¥|?ā??PDbGP¤_??q? 3Yē?投??^?9??理5??公????#??P ???????#?l?投?Y??5?公°?B#?9¤eà[5? m???:è 10μ??:Lǚb? 4?理?????t#9[m]Y????]# 10%? 中信建投基金管理有限公司 公投






































 50 5DEFDE#?ú?理?????t#9Y??? # 10%? 6?理#?ú?9[m]Y?????]# 3%? 7DEFDE#?ú?理#???9Y?????#


10%? 8投/????`F#?????#ú?9Y??? ??]# 10%? 9?理#?ú???9[m]Y?????]# 20%? 10?理#??(ū??信z??)???#ú?9Y??? ?????ǐ# 10%? 11DEFDE#?ú投/????`F#????? 9Y???[?????>??ǐ# 10%? 12¤投/信z????+BBB?(?BBB)#???= ?理??? ?9??[信zq??PYг?>投?$9¤à? ??????:è 3μü\]Y????? ]# 15%9?理#ǚb管公 ?>ü\]Y????理#公?m]# 30%? 2àê???:L??Y¥|á?#管公 ?>ü#2??Y?? ?????:??]# 30%? 3??理#公Y?? :à?;L#¨?公m]^??P ǚb管公 ?>ü\]9>??ǜ?ā¤e?>>?./公投ú? #理.ü司? 15àǎǐ ?9#??Y?????# 200%?à  L9#??Y?????# 140%? 16??!?D??l中管3U?司#[ěē§+??W ???????#95??c??#c??¤e?>?ü司#投?П 中信建投基金管理有限公司 公投






































 51 G??ù? 17 L9ē?投/??d???#m]>?Y??? ??]# 15%9ǎǐ LY?С????mn??Pǔ?P ?ǐ??qDEF??#??ùǒY?>o???司ú???#9 DEFY?ē?????d???#投? 18????l中管3U?司#^->?2ü司#[ě投ú?? ?= ???÷2P12P16P17??9?/ ?mn??P? tF>XP?ǐ??qDEF??#??ùǒ投ú?Y?>?? ?司投ú?#9DEF¤eà 10μ??:LytǘS9V中管3U? 司#·??±??=????g3D?ěū理?司#9?[?司= DEF¤e?>?BC?:è 6 μú?? >>?#理.ü司=à?? ?L9#投?ПP投??¤e?> >?#ü司=?DFW#投#3?????>?BC?:è ?= ????g3Dú??Эg??????9??z/9DEFà ?t?e???9?投Yг?£.??g???#?司+$= 2P?āt+ +?????理F#>??`9??Y?z/?投gr??, 1??? 2???司?ěF??gr??¢G? 3???¢???ê#投? 4?ǚ[ě??9V?中管3Uū理?司#??? 5?[DEFP?DFb? 6??L???P????\?l[ěY@e#????? 7??Pt¨??^中管3U?司?ā#[ě??= DEF?z???ǚDEFP?DFl[????PO? ??Fgr?[理????.3#???t#g?? L??#9gr ??[ě??.???#9¤e?>#投??^投??9???? ?理F?`T??9???`??9建???Lú?0??^????9?t 中信建投基金管理有限公司 公投






































 52 mn?á>E\??t=£.?????????DF#?ō9X???? ?%??=??.???¤??DEF??U??9XT?????? #??????=DEF??U¤????;W.?????yt??= ??Pt¨??g3Dú??Э????9DEFà?t?e???9 ?投Yг?£.??= ?P限?ú?$ 中公?>???]ū?_`ň 中公?>???]ū?1中?管公???ā理??ê????#??中


管公mn?§?ц#?Zdū?=?ū?#????管?t?mn^??


?mn92?公¥|管公P?t??P?公P有限公P? ?q??


?理公è?9?理??#mn?Zd9?˙??公mn?§?ц=中公?>


???]ū??公?\?ā#ū?]9?????:??г投??9


?à???????г投??ū??中=DEF?+9?限?ú?


$?o?˙?O???#jk_`·?= ????mn中b???理?Zd#限?ú?$9gr???#限?ú? $9gr?$?ňǔā??9DEF?+理??a£¤ǘS?9 DEF5s??????理F?`#?9T??DF???ù?9 ??#限?ú?$9?中管3U??Xl???9°???? ??理F?U= ЛPjk_`·? +公9?/投中#??jk?è9#é _`^é jkê/?ìmn9?/í>^??= ?PDEF?Ztǒ£.??#?E?l?? 1PDEF?t管?理.?司?Z??tǒ£.??9G?? ??理F#?`? 2P理?/??#????]? 3PY??.???+??P??P???EFgê?Dà??.3#÷? F??ê?Ye?`= 中信建投基金管理有限公司 公投






































 53 ?P投?>?? DEF#??Ul??G?????YDà????P??d? ?g????9XW[LM#NOdP$Qd^RSd?¢μ?lo??ê= ?DF中管?t??理?????>??司9/ 2021; 4<1 ????中#?īū?P?]Z?^投?>??qLM9G1?LMYD à????P??d??gr????= 投?>??????ī? 2020; 12< 31:?? 2020;÷ 4 ?ǚ??9??中???ī???T??= ??????? ???>??? ?8? ??? ? ?? ?? ???#ú? ?? ?? ?`投? ?? ?? ? [中,??? ?? ?? ?? 投? ?? ?? ?? ?司_`投? ???ˋ???ˋ??????? ?????? ? [中,公? ???ˋ???ˋ??????? ?????? ? ???? ?? ?? ?? ??投? ?? ?? ?? ??B?投? ?? ?? ?? ??????? ?? ?? ? [中,?fA??#? ?????? ?? ?? ?? ?tD?^?ā?? >?? ?ˋ ??? ?ˋ???? ?? ????? ?? [ě?? ?ˋ ???ˋ??????? ????? ?? >?? ???ˋ???ˋ ??????? ??????? ? ??????? ??t限??#??投?>? ?????P?? ??t限??#-L??投?>? ???=? ?????P?? ??t限??#???投??投?>? ???=? ? 中信建投基金管理有限公司 公投






































 54 ??????? ????\]???]ú?????#o?*??投 Jō? ???=? ? ??????? ??公?è??#公投?>? ?8? 公?è? ??\] ?? ?? ???]ú ??? ?? 管?公? ?ˋ ???ˋ??????? ????? ?? ?t??? ?? ?? ?? ?公? ??ˋ???ˋ??????? ?????? ? [中,¨?d?公? ??ˋ???ˋ??????? ?????? ?? 有限公? ??ˋ???ˋ? ?????? ?????? ?? 有限? ?? ?ˋ???ˋ??????? ????? ?? 中 ??? ?? ?? ?? 5?公5??公? ??ˋ??????? ????? ?? ?限D?? ?? ?? ?? [ě? ?? ?? ??? >?? ???ˋ???ˋ??????? ??????? ? ??????? ????\]???]ú?????#o?*公投 Jō? ? 8? 公?Ч? 公*? ??????\] ?? ?? ??? ]ú??? ?? ??????? ??管??? ???ˋ??????ˋ??? ?ˋ?????? ?????? ?? ??????? ??yb??? ???ˋ??????ˋ??? ?ˋ?????? ?????? ?? ??????? ??yb??? ???ˋ??????ˋ??? ?ˋ?????? ?????? ?? ??????? ??管??? ???ˋ??????ˋ???ˋ??????? ?????? ?? ??????? ??管??? ???ˋ??????ˋ???ˋ??????? ?????? ? ????Л?? ????\]???]ú?????#o?*??? 投Jō? ???=? ? ? 中信建投基金管理有限公司 公投






































 55 ??????? ????\]???]ú?????#o?*??投 Jō? ???=? ? ??????? ????\]???]ú?????#o?*?投 Jō? ???=? ? ????ù?? ?投#?ū ?????IJ? ?=? ? ??????? ?投#管公 ?????IJ? ?=? ? ??????投?>???&?? ?????P?? L9投?????>£.????#??9??? 投#o?*#?tē§b??3Dú???ǘ?9gà????:o? ;L?????P??#?±=? ?????P投#o?*????b>??司#?????=? ?????P[ě?ě2? ?8? *? ? ?? ?? ?? DbG? ?ˋ?? ????? ?? ¤_?ā?? ?ˋ???ˋ??????? ?? ¤_??? ?? ?? ¤_??? ?ˋ ???ˋ ??????? ?? ¤_??? ?? ?? [ě¤_?? ?? ?? [ě? ?? ?? >?? ?ˋ ???ˋ??????? ? ?????P?? ??理#?/?? #5??公Jō? ???=? ?????P?? ?o?*??中Dà??????#IJ? ???=? ? 中信建投基金管理有限公司 公投






































 56 ?????P投?>???&#[ě(???ú?? 1/?Р??#?9???^?>????5?Dà?ǜ= 中信建投基金管理有限公司 公投






































 57 基1管理


23 限?īā:+ 2020; 12< 31:= DEFstuvwxPyO信zP{|}~#?DE^?z??9 VYG?司??9hYG??_`=#??限?XY?Z[??Z ?=投理jk9投ràēb投??o¤?ō??#H!IJK=





?P???]??ňl[?? 限?ú?$_`ň#ú?





中信建投基金管有公 A ?? ???] ??ň? ???] ??ň? $ǜ? 限?ú? $_` ň? 限?ú? $_`ň? $ǜ? ?-? ?-? 2020;1< 1:-2020; 12<31: 3.21% 0.08% 2.98% 0.09% 0.23% -0.01% 2019;1< 1:-2019; 12<31: 8.00% 0.11% 4.59% 0.05% 3.41% 0.06% 2018;9< 13: >?BC :-2018 ;12<31 : 2.48% 0.07% 3.09% 0.05% -0.61% 0.02%





中信建投基金管有公 C ?? ???] ??ň? ???] ??ň? $ǜ? 限?ú? $_` ň? 限?ú? $_`ň? $ǜ? ?-? ?-? 2020;1< 1:-2020; 12<31: 2.80% 0.08% 2.98% 0.09% -0.18% -0.01% 中信建投基金管理有限公司 公投






































 58 2019;1< 1:-2019; 12<31: 7.58% 0.11% 4.59% 0.05% 2.99% 0.06% 2018;9< 13: >?BC :-2018 ;12<31 : 2.35% 0.07% 3.09% 0.05% -0.74% 0.02%





&,2018; 11< 1:TE1?????+???Pˇ?= ?????P?>?BC???И??]??ň??l[?? 限?ú? $_`ň??#ú?? ? 中信建投基金管理有限公司 公投






































 59 ? ? ? 中信建投基金管理有限公司 公投






































 60 基1金管理


45 ?P??] ??]?ū??#??l??\]P?tD??^¤_# ??l[ě投?±2#\]?^= ?P??] ??]?ū??]òó?公?#\]= ?P??#?? ?DF??£.????P??d()+???P? ?P ???l投??#[ě?z??=?#?z???DEFP ?DFP???ě^???ě?理#????l[ě??? ?£??= ?P??#GD^?? ????/DEFP?DF^???ě#??9X1 ?DFGD=DEFP?DFP???ě^???ě[? 理#???¢[??#???ê9[公?FY?W??tǒ ?л?P? ?g[ě??=?s????^->?2#?司???9??Y??? ?= DEFP?DF?s???P? s???gr?s?????q ?yt?ā#9??Y?/[?ā??=DEFDE?a???? B#公?9Y??[?理??B#公ī£????DEFDE?aY? #????B#公?公īY?£???= 中信建投基金管理有限公司 公投






































 61 基1公管理


0567 ?P?]: #?]:+£.#??n?#??:l管????? ?司??W????]#???:= ?P?]W? ??理#??P?P公^?tD??P¤_??P管公 ?>üP [з投q?l?公= ?P?]?? 1P????m#理\#?] 1????m#理\¥|??P?q9[?]:à?? ???#m\_?\?]??]:???#9?????:?Ta?-?? B????g?t?ě??B?ˉ\?#???)#9????:# m\_?\?]??????:?Ta?-?B?????g?t?ě ?B?ˉ\?#???)#95????投?è#?tm\l????? ?9ǘS????m\9Q司??\?? 2Wà???mn?m??g????#?司_`?è>?ū理 ?司#??9??÷???]?ě??#£¤?èe:#?]?\yt?]? 3Wà???mn?m??#5??公9??]:_?\òó5?? 公_?\中??公¤_?????#?\yt?]??]:i理??#9? ????:?Ta?-??B????9?????:_?\òó5??公_ ?\中??#公¤_????#?\yt?]=?????:?Ta?-?B ?????#95????投?è#?tm\l??????9ǘS???? m\9Q司??\?? 4Wà???mn????#???9ǎz?]??Q司??\ ]9à?]??а5?????\]#??9?2?]? 5????mYDà?Ыmn#理\9ǎz?]??Q司??\]= 2P?/??m ?#理\¤??????E, 1??P???Pò?^???#??9??]:à????? 中信建投基金管理有限公司 公投






































 62 #????#?]???]??:???#9???:#m\_?\?]? 2????t??m#??P公^?9ǎz?]??Q司??\ ]9à?]??а5?????\]#??9?2?]? 3????t理JQ?司 #??9????à????m?9?? ???m#????#?]???]?? ??t理JQ?司 #??9?3D ?ěgt限?U理.?司Q司??\]= 3P?t?mn??#?司_`?è9??÷???]?ě??#£¤?è e:#?]?\yt?]=W?t?mn??m9?÷???]?ě????] \?#公9?2?]= 4P?限D???]:÷???]?ě??#?]?\?]??司#÷?? ?]?ě????]\?#9?2?]= 5P??公??àЦμgЦμ?mn??#9?公??#mn??? ]= 6P管公 ?>ü?]:#?ā\?]=?]e:??ā\#9???? ?:?Ta?-??B????#9ǎz????:?ā\?]= 7P?理Q??ZJ?????yt?]Y?????[??\]#9 DEF5???§????DF?司?9???????\]#\??]= 8Pe?B???g???±?9DEF5ǎz??司\??9 QG?]#?ád=?§?E???a????£.????l3Dú ?P????#?司? 9P£.????l3Dú?理???司#9?[?司=?理????9 ?管????司?]= ?DEFg?DF???]??>??J#?]??P? ?l£.????#?司gr?????????理F?`?9¤???? W?9???J?9??????= ??理.????9??]?ā^U??ā#?ī1DEF ?¢=#U??ê?1DEF¢ê9?С9??理.#U ??э9?T£.??àáq?????и?9Ь???2?ù#ō?9?t DEFW??]#?ā??W?%??= 中信建投基金管理有限公司 公投






































 63 ?P?]?? 1P?????]??t?μ?a:ǐm?9????]?e :????#?????ā9?Q? 0.0001?9? ?Д?÷ 5??Р??= 管?ū理?司#9?[?司= DEF?μ?a:?ā??]l?????]9X??司? ?= 2PDEF¤?μ?a:W??]=VDEF?????? g>?#?司ǔǔ?]???=DEF?μ?a:W??]?9 ??????]?????DF9T?DF1????91D EF?ü司W???= ?P?]??#?E DEF^?DF?ǎ???P? eP>E#?áQG??] #$QdPl?d=e A?g C????]??Д? 4?L(?÷ 4?)?B?]???9?+???]??= >?#e?F¤?tü司?E, 1P?]??? ?a??中9??1/DEFg?DFPg???ěPg? ??ěPg投F??#???2?]??9?ù[ěe?F????#9?? #?êF¤eW1/??]??????e?F(???)#ǘ????? ?]???E?a%??9?¢???ê= ???]??#ē??¥|VY?/,??ǜ?P???Вǜ?P? ??āǜ?P3′??ǜ?P?ū?ǜ?q= 2P?]???E? 1?]??ǜ?B9V??ae?F?2???9?]???ê?¤l ??ǘ??9l?yt?@9??@?]???B#?z1?]???ê??¢? 1/?]???ê??l??@ǜ?B#?]??9ae?F?2??#91? ]???ê?Wǘ????¢???ê?é?]???ê?ǜT???ǘ9X? 理???ī#e?F理×˙#??yt?@°??@9?[¤e?¢£¤??? ê=?]???ê?¤W?@#???理.e?FytQ?9QG?]??ǜ? 中信建投基金管理有限公司 公投






































 64 ??@= 2?]??#?ê?W理.e?F#ǘ?????9YW??????9 X?ЖW?]??#理.ǘ?e?F??9YW÷????= 3??]??°??Ye??#e?F?理l???Ye??#?ī= V?]???ê?Ь¤W?]????=??1/??Ye??#e?FY?? gY?ú??Ye???2[ěe?F#?`??(???)9??]??? ê?¤?????#??9Xà[??#???#?ПLW??Ye??#e ?F?理????Ye??#???????Ye??#e?FǜT?Сú?Y e????a???9????¤e?[ǜT??#?????ǜT??#Ye ????#?^??[O???#ǜ?ú???a?]???ê?= 4?]??ǘSǎzv?Ю1?????B?]??#@Q?±#?A= 3P?]???E?? ?]??????9理.#e?F¤el?yt?E9?E#???, 1?J?]???B#?9?J?理#e?F9X???]???B #?Q司?]??#?ê?? 2???]???E?ge?F??#??W??]???2#?? yt??? 3???]???E?ge?F??#??1?]??#?ê?yt ?@^????? 4???]???E#??9???????ě????#91 ???ěyt?@9X??]??#?@?理.e?FytQ?= 4P???]?]???E#???, 1???]?āb????9DEF¤e??%?@9?? ?DF9Xǎ?>E#?á?ā??y????= 2??üǜ?????]# 0.25%?9DEF¤e??? DFX?中管3U?????üǜ?????]# 0.5%?9DEF ¤e??= 3o?LM?????g3D?.ū理?司#9?[?司?E= 中信建投基金管理有限公司 公投






































 65 ЛPǔǔ?]#?± 1P投??l#/ ???mn??司??:g?[ě?ǔǔ? 限?? 2PY5ǒ?? 3Peo??]:??] 50%?#?b??5??#?Ыmn\ ??ǎz?]??Ь?ù??\]Dà??YQ司d?9DEFT?? DF??Q??9¤eǔǔ?]? 4P中管3U^>??司#[з?±= ?P?]#Q? z/信???#??]^Ц????]1DEF?? ?ā9?DF??yt1?=DEF¤/?μ?a:??????āe :#??]^Ц????]X??a?DF=?DFW?] ?ā??1?Q????aDEF91DEFW?]?ü司%? ?= ?P·???#?E 1PDEFg?DF?>??司#?]??÷ 7?yt?]?9 ??2#?ǜYa+??]???E? 2P1/Y5ǒ??9g1// ????P???ā?ěPD??t ??#????q?9DEF^?DF??ǜTǎ???P?eP> E#?áyt??9V????????#91С?2#??]??9 DEF^?DF5?????ê=VDEFP?DF¤e?? ǎ???#?áò?gЭ?1С?2#?ˉ= 中信建投基金管理有限公司 公投






































 66 基1管理


89+理: ?P??#ě2 ??ū??_?P投_`P??\]??_`^[ě_??? £.?z?#??9ǜO?_`ū??òó??\]??_`?#??= ?P5??ò?? 5??ò??ūī?_`?ò$:??ò?????ò??中 ǜO?_`#???= ?P_`?ò? 1Pà?>理.???)#o?9DEF5??O???y t_`?ò9?§?ò????+$9é->?2BCYí 3μ<5Yy t_`?ò? 2P_`?ò?A?Цè,??????г投9投r5??? ??g???????+£¤??#??ytг投?é投rY??9 ??#_`?ò?A????? 3P_`?ò?Ц????]Y??/?]9?_`?ò$ :#Ц????]òó?????_`?ò??Y??/?]? 4PЦ???à?z_??Y?9[W¤#5?ò_`5?理? Y?=????#?????理?q?ò?? 5P????g3D?.ū理?司#9?[?司= àY???????W???理F?`?OcdY??ˉ#o?9 DEF5W_`?ò#理.限ī??ytǘS9Xl???= ?P_`?ò?? _`?ò??中¤?Jīā_`?ò$:#5??ò??P_ `?òW?P?ò??P?ò??lú?P?ò?AqLM= ?P_`?ò??#Q司P???Oá _`?ò??1DEFм司9X1?DF1?9st-信 ?????2#理.?司à?司????= ???:?Y_`?ò$:?5??ò???āīā:#? 中信建投基金管理有限公司 公投






































 67 ?Y??? 15μ?a:= ЛP_`?ò中?B#?z _`?ò???B#?t??g[ě???z1投r?t?¢=e 投r#????/?司?9Y×???t??g[ě???z?9 ???ě5????理F#??????+£¤??#??=??г 投#?ā??9st-限ī??2?t= 中信建投基金管理有限公司 公投






































 68 基1管理


;<+=8 ?P?z#è? 1PDEF#DE?? 2P?DF#?D?? 3PC???#???ī?? 4P->?2BC??£.#信????z? 5P->?2BC??£.#U???P???P???^???? 6P???理F?U?z? 7P#/ ????z? 8P#?t???z? 9P#??zP?????z? 10P?t管?理.?司^->?2ü司95à??中??#[ě ?z= ?P?z????P???$^???A 1PDEF#DE?


#DE??o?:??]# 0.70%;?ň??=DE?#?ā ???, HХE×0.70%?e;?? H+?:¤??#DE? E+o?:#??] DE??:??9?:И???μ<





































 69 E+o?:#??] ?D??:??9?:И???μ<

HХEФ0.40% ?e;?? H+ C????:¤??#???ī? E+ C???o?:??] ???ī??:??9?:И???<?2BCo#£.?z? 4P[ě??£.????l中管3U#理.?司Y????z#? ?= ?P?_ ?a??中?l#?п?ē§9[п??ī?管??_??P??? t= 中信建投基金管理有限公司 公投






































 70 基1管理


>?+@? ?PU?¨? 1PDEF+#U??ê?? 2P#U?;ǚ+??;ǚ# 1< 1:? 12< 31:???!"# U?;ǚ???,??->?2BC?/ 2μ<95X??μU? ;ǚ??? 3P?āF?ì+???ì9F?ì?+????? 4PU??ǚ?t管?理.U??ǚ? 5P??建?P???ā? 6PDEFl?DF??G?RS#U???P?Xyt:?# U??ā9?t理.?司??U??Z? 7P?DF?





































 71 基1管理


ABCD ?P#信???¤?>-?2P-?a??2P-信?????2P ->?2l[ě理.?司= ?P信????īF 信????īF¥|DEFP?DFP?"???理F ?U#???理Fq??Pt¨??^中管3U?司#??FP?F^? ?F??= 信????īFG????理F?`+?b?Д9?t?? ??^中管3U#?司??信?9XG???信?#NOdP$QdP RSdPl?dPJd^??d= 信????īF¤eà中管3U?司??L9?¤%??#信 ???中管3U?司?)#?管d???司??l-信?? ???2?司#??????司??q????9XG 投r?˙?t->?2ü司#??^?A??gr1????#信? ?= ?P信????īF?????#信?9Y?理?t+, 1P????P??d??gr????? 2PW投限?yté?? 3P????_`gr?¢??? 4P??[ěDEFP?DFgr???ě? 5P??ê???FP?F^??F??#??dP??dg??d#(?? 6P中管3U?ā#[ět+= ?P???#信?¤ǎz中((=??ǎz?((#9信 ????īF¤GY?(#LM?ù=Y?(???B??#9中(( +$= ???#信?ǎz???????·?IJ?9?ì??+F?ì ?= 中信建投基金管理有限公司 公投






































 72 ?P???#信? ???#信?¥|, ?H!IJKP->?2P?D??P????? 1P->?2?ю司->?2e?F#????P?ī.39JQ ???理F?U?#??l?§??9IJ??#·dq?l投 r???`#??#??()= 2PH!IJK¤e???ǚ????ˉ投r??#?ú??9 IJ??P?^????P投P??·dPjk??P信?? ?l???理F?īqLM=->?2BC?9H!IJK#信? ?B????#9DEF¤eà?μ?a:L9??H!IJKX?? à?司????H!IJK[ě信??B??#9DEF???;?? ??=ìā?a#9DEFYг??H!IJK= 3P?D???ю司?DF^DEFà??GDl? a3?q??中#??P?ī.3#??()= 4P??????H!IJK#??()9z/?投r?? J#??信?=->?2BC?9?????#信??B??? ?#9DEF¤eà?μ?a:L9???????9X??à?司 ??l???ě??g?限?Д??????[ě信??B??#9 DEF???;????=ìā?a#9DEFYг???? ???= !" T中管3U&'?9DEFà????#?:o9 ???????PH!IJK??d??^->?2??d??? ?à?司???9???????PH!IJKP?????P >?^?D????à?司???9X????????à ???ě??g?限?Д??DF¤e???->?2P?D?? ??à???= ??????? DEF¤e?????#?§??????????9Xà? ?H!IJK#e:??/?司???= 中信建投基金管理有限公司 公投






































 73 ?->?2BC?? DEF¤eà_?中管3UQ?()#?:à?司?????- >?2BC??= ??]信? ->?2BC?9à#ǎǐ L9DEF¤e????à? 司??????Ц????]^Ц???И??]= à# L9DEF¤eàY?/?μ:#?:9??? 司??P???ě??gr?限?Д9??:#Ц????]^Ц ???И??]= DEF¤eàY?/?;ǚ^;ǚ???:#?:9à?司????? ;ǚ^;ǚ???:#Ц????]^Ц???И??]= ????P??\? DEF¤eà->?2PH!IJKq信???()??J? ??P??\?#?ā?Al理.?P???ň9XG投r?˙à ???ě??g?限?Д??gr1?o?信??= Л司 ??9¥|;ǚ??P中 ??^?ǚ?? DEF¤eà?;???:è?μ?2BCY× 2μ<#9DEF5Y??e ?ǚ??P中 ??gr;ǚ??= ??? Lb???投r?理????g????? 20%#? ±9+G?[ě投r?`9DEF??¤eà司 ???ˉ投r?? #[ě??信?????投r#??P?? ??理??l?úP?? 中信建投基金管理有限公司 公投






































 74 L?理??????l#·理jk9中管3U?司#·??±??= ???a??中9¤eà;ǚ??^中 ??中???> ???l[??djk??q= ????? ?B???)9理.信????īF¤eà 2:L??????K9 X??à?司??^?司???= o?????)9?ū5?W???理F?`gr??#\?? B???ˉ#??), 1P???理F?U#?l?司#??? 2P->?2ìāP?ā? 3P???a?AP>X? 4P??DEFP?DFP?????ě9??U??? ī?? 5PDEF???ī?ě?+?E#????P?āP?]q ??9?DF???ī?ě?+?E#?āP?]P1?q??? 6PDEFP?DF#?司*P???B??? 7PDEF???理???????#??PDEF#O??? F??? 8P!" ǖ?g?o??!"? 9PDEF#ê?DEF?PTE^?DF???Dú? ??F?B??? 10PDEF#??à?? 12μ





































 75 O???Fgr?[理????.3#???t#gr?? L??# 9gr??[ě??.?????9V中管3Uū理?司#??? 14P_`?ò??? 15PDE?P?D?P???ī?P??P???q?z???$P?? ?A^?ň?B??? 16P???]?\??????]????Д?? 17Py? ? 18Pà L?B????XǖБ??????? 19Pǔǔ???P?? g?????P?? ? 20P?B?l?P????ǘSgЙà?ˉ投r??q????? 21PǘS????#?ó? 22PDEFǎz??司\??yt?]? 23P信????īF?+5?W???理F?`gr??#\ ??B???ˉ#[ě??g中管3U?司#[ě??= ????? à>? ?L9ê????§中b?#gràmn???#Э?5?W ??\??B??d?ˉgr?è????9l5??????理F ?`#9£.信????īF???¤e??W?Э?yt???9X?理. ??????中管3U= ù???理F?U?? ???理F?U?司#??9¤es??中管3U??9X%??= ?投???#信??? DEF¤à;?l中 ??中??[?理#?????P ???m]???#ú?^?? L?理#???Jō= DEF¤à?ǚ??中??[?理#?????P???m] ???#ú?^?? ??m]???ú?????#o 10* ???Jō= ??投管公 ?#信??? DEF¤à?ǚ??P中 ??P;ǚ??q司 ??^H!IJK? 中信建投基金管理有限公司 公投






































 76 ?q()中??管公 ?????9¥|投¨?P????P?`??Pj kū?q9X????管公 ???W?§jk#?ˉl???>?司# 投¨?^投??q= ??投??? ??公#信??? DEF¤eà????^司 ??中l???投??? ?? 公#??= ???ā?? >?ìā#9DEF¤es??????ā??W??y t?āXab?ā??=???ā??¤e??ā????à?司???9 X??ā????d????à?司???= ??中管3U?司#[ě信?= ЛP信????īDE DEFP?DF¤e建???信???DE?ǚ9ū司??ú?l ê?DEF???DE信????ī= 信????īF???信?9¤e?>中管3U£.信? ??LM??A$?q????#?司= ?DF¤e?t£.????P中管3U#?司^->?2#ü 司9WDEF??#??]P?????]P????? \?P司 ??P??#H!IJKP?????P?ā??q ???#£.信?yt1?P??9X?DEFytK?g??Q?= DEFP?DF¤eà?司??中????????信?= DEFP?DF¤e?中管3U????????м??# 信?9XG£.??信?#NOP$QPRSPl?= DEFP?DF?s?à?司?????信??9? 5???? à[ě??????信?9V?[ě????Y??/?司????信?9X? àY????????信?#LM¤e?ù= +信????īF???#信?b?????P??ō?K#? 限?ě9¤e?a?a??9X?£.????GD?->?2ìā? 10 ;= 中信建投基金管理有限公司 公投






































 77 ?P信???()#D??? s?????#信????9DEFP?DF¤e?t£.??? ??司?信?ó?/????9??U????P1?= ?P信??????????司l??ü司#LM+$= 中信建投基金管理有限公司 公投






































 78 基1!管理


EFG投 投??è? 投??9[ē????? ?投9? ?投?????#μ?jk=Y?/?t??^公q? ˙???司_`é #???9投F??9?5??[?理???? 投??B#_`9h5??¢投???#??= à投?a??中5????èjk9?¥|mnjk9h¥|? ?#DEjkP??jk^>?jkq=????jk?A?·理#? èjk9?e?μ:#??? ?? ?????? ??中?b ??????? ????l??中?? ??? ??#????o??a:???#??????9投F?5???l ????理#?ú??= ?+??Pí>P公P?ìmnqY??9 投F投Y??#???Y?#_`é 9h??¢Y??ǚ#jk= ???I9#_`é ?ê9投F?¢#jkh??= 投F¤e?N??>?P-H!IJK2q??()9?? #jk_`·?9X????#投?#P投 ?P投T?P???qe f??^投F#jk????£?¤9?ēef#投\]9?ēē b投??9?t?¢投jk= 投F¤e????司 司?投^?DS?q???A#??=司 司?投???投Fyt? 投Pá?投2#?è??t#投?A= V?司 司?投XY???投??理#jk9Y?G投F??_`9 hY?????#qCE??A= ???qt+?ù???]??9YU??#jk_`·?9YU ??投jkg?ê投_`= 1.00 ????]?!"g? ??qt+?ù???]ǘS? 1.00????]g 1.00???9àmn? ?q??#?ˉ9投Ь理5?b???g?]Ь理5??/??? ]= DEF??yO信zP}~v?#?DE^?z?9VYG 中信建投基金管理有限公司 公投






































 79 ?司??9hYG??_`=DEFDE#[ě#限?Yě 2W限?Z?#G=DEF??投F投#?r?? ?9àēb投???9??????]???ù#投jk91投 F?t?¢= ???理F???X??jk, ?Pmnjk mn\????Ta??P¨ ???P投?E^???ǚq?è?? #?ˉ°?è#??9?W_`àá?BЙàjk9ē?¥|, 1P¨?jk ?管?ф?¨???ì¨?P?¨¨?Pt限¨?P????¨?q^ mn3D¨??B??9?ùmn\???°?Bjk= 2PTa? jk mn?ф?Ta?t#?ˉ9°Ta?t?理? d#·Д9°ф?T a?t???Wmn#_`àá?B?ˉ9?°W_`?2?ˉ= 3P?ňjk ?mn?ň#??U?ùmn\?^_`ň#??=?ňǘ??ˉ? 公#\?^_`ň9?ˉ?有限#?2^??=投/公^公? ?9[_`àáU???ň??^?ìmn????#?ˉ= 4P???jk 投#?#??#G]?]9???B????9投/ ???#_`5?U??????Э9?°ǒ#O?_`?9?ˉ ?#G]?]= ?PDEjk àDE?a??中DEF#??PT?PefP??P??q9U ?ˉ[W信?#?理^WTa±цP\??ц#ef9?°?ˉ_`à á=?С9#_`àá?DEF#DEàáPDE??^DE??q £.d??95??+DEF#??°?ˉ_`àá=?D F#DEàáW_`àáhDà?ˉ= 中信建投基金管理有限公司 公投






































 80 ?P??djk ????mn???Y×9?ùY???P?2???+? #jk=??djk?¥|1/à Lb?投r????9ùǒ i理×˙#?¤?????#????ù#jk= 1P?P???? 投F?§ ??H!IJK÷?ú?


??#??????= 2Pм投mnPt限l?#??djk?? #投?П+?理о???d#???9¥|管公P?t??P ?公P??¨?公P有限公P??公P中 ??P? ?P??? ?P ???P??公P5??公??Y??5?公P5??公P ???t#? ??公P公??P?tD?¥|??D?P司 D?P ??D?l[ě?tD?P?ìmn??¥|?限D?P管公 ?l??? ?g中管3U?4投#[ě???9V??>中管3U£.?司= Yē?投??^?9??理5??公????#??P??? ????#?l?投?Y??5?公°?B#?9¤eà[5?m?? ?:è 10μ??:Lǚb= #?#??ú?+?$?公???9?????理??#? ?d9??9???? L投/?????#ú?= 3P?????±#??djkDE?á +¤W?????±5??B#??djk9DEFà?+??投 F#?? 理Яаg?+???投F#?? °yt#????5?U W??]?2?????95?ǎ?ǖ ??ú?????grWǖ ? Eú??? #??djkDE?á9?ō????H!IJK÷?ú?#£ .ü司=???#???理FЬ理5??¢? L??°??#??2W ???B#???ˉ= 4POá?z#??djkDE??#?±P??lW投r#Йà?ˉ DEFT??DF???ù9àQG投r???áW?#o?9 5st????l>?#ü司9? >?z????djkDE??9W??  yt?ǚǘS=DEF5ǎ??z#??djkDE¤W?á9¥| 中信建投基金管理有限公司 公投






































 81 VY?/, 1ǔǔ????


àС?±9投F#ú?g?ú?? 5????9??投FR2 ???#???]5??[???? ?#???]Y?= 2ǖБ?????? àС?±9投F?_????#???5?ú??@??±理?ǖГ= 3_?? ??? W???理 ?/ 7 :#投r_?Y?/ 1.5%#???9X?? ??????????= 4ǔǔ?] àС?±9投Fi理5???#???]9???? 5??ǔ ǔ??9g?ǖБ??????= 5??司\ e?B??????9DEF5ǎz??司\??9QG ?]#?ád=eǎz??司\?9投r?g?????# ???]9?U??投?>#mn??2°ytǘS9ǒ?mn#??2 ?˙?òaO??P??#投r9?°ò?WD????理F?`# Y??ˉ9QG投r#>??`Y???X???áW?= ?P信zjk à?????B?_?ü9gr?投公??tFb??üP? ???? ?9?5??ù???^_`??9?°?Bjk= ?P·理#jk 1Pǎǐ ??djk 司 ?A?a9àǎǐ L9Y????#?^ ??9hY?m??=?С9àǎǐ L9???理F????Y???g ǚb??°b?#??dü?= 2P>???ìā#jk ->?2BC?9ê? ???::ìb?->?2÷?ú? ÷??ü司#??ǐ??P???理FF???q?±#9->?2 ?ìā= 中信建投基金管理有限公司 公投






































 82 3P管公 ?投jk #投?П¥|管公 ?=管公 ???ǎzG???A9 ?5?1/??l???í×建?gr??管公 ?Φ????#G °??Gjk=??9?Йà??5?2с?9?理??djk=ū?9 管公 ?àW?mnjk#ǒz??中9?5??+管公 ?>ü?>ü ?#\???Y?ù°??ǜjk= 4P???投jk ???#jkē?¥|信zjkP?ňjkP??djkP?o?? jkq=信zjk??投#????公īFb??ü9gà??? ?中?B?_?ü9g1/???信zc????ù\??9? 2 ??????ňjk?mn?ň??U?ù???#_`ň^\?# ??9??°?9??mn?ň??9?理??????\??P ??#jk9°??mn?ň?9?????#г投_`??? ?#jk???djk?????mn?ǐl???Ы?ǚ#?ˉ9 ???5???à??\?àá?yt????#??gǚb9Dà?司# ??djk??o??jk?公īF5?U1/?ň??q?yt?o??9 ?°ǒ???г投jk= 5P???t#? ??公投jk 投?П¥|???t#? ??公9DEF??ǜ?司 ?£.投????^jk???ǚ9VЬ??????t#? ? ?公?·理#信zjkP??djkq?èjk= ЛP[ějk 1P?????°?B#jk9???3′Y5??B#jk? 2P?限ī????9à?ǚ建?PF?ò?PL??ǚ建?q??# YR??B#jk? 3P?F+??°?B#jkP?L???P??t+q?B#jk? 4PWē?限īF??TE#s?°5??B#jk? 5P?限ī?н??5??B#jk? 6P?нP????qY5ǒ?5??ù??#??9?ˉ_`à 中信建投基金管理有限公司 公投






































 83 á9?°??jk? 7P[ěō??ù#jk= 中信建投基金管理有限公司 公投






































 84 基1&管理


"#HIJKL+45MN ?P->?2#??





1P??>??l?????司g>?ü司¤T???理F? U????#??#9¤????理F?U????=W/5YT? ??理F?U????#??91DEF^?DF?ō???X??9 X?中管3U??=





2P./->?2??#???理F?U???BC??5?t9 X???BC?Ц:Là?司????= ?P->?2#ìā?1 理??±??#9->?2¤eìā, 1P???理F?U?司ìā#? 2PDEFP?DFw?ìā9à 6 μ?2ü司#[ě?±? 4P£.????^中管3U?司#[ě??= ?P??#?ā 1P???ā??,?b?->?2ìā?1?:è 30μ?a:L 2??ā??9DEF?????ā??Xà中管3U#3?yt ?ā= 2P???ā???2,???ā??2?1DEFP? DFP?理??£.限ī?#&'U??P??l中管3Uū司#F ??2=???ā??5?z??#?aF?= 3P???ā??w?,???ā??????#GDP?EP ?\P??^?ò=???ā??5s?yt??#????= 4P???ā??, 1->?2ìā?±b??91???ā??′??D? 2W??^公?公īyt?E^Q?? 3W??yt?]^??? 中信建投基金管理有限公司 公投






































 85 4?a?ā??? 5? U???ī?W?ā??yt?ú??9? ???ī?W?ā ??b???ō?K? 6??ā???中管3U??X??? 7Wб???yt?ò= 5P???ā# ?+ 6μ<9V???#??d???? °Y?l???#9?ā ?£¤ǖǖ= ?P?ā?z ?ā?z?ū???ā??àyt?ā??中?B#?理>E? z9?ā?z1???ā??T????中??= ?P???āб??#?ò s????ā#?ò??9????ā?#?úб???? ???ā?zP?п????X??公ī?9????理F?理# ??ú?yt?ò= ЛP???ā#?? ?ā??中#理.?????l???????ā??T?理P ?£.限ī?#U???ī???X1???ī?b???ō?K??中管 3U??X??=???ā??/???ā???中管3U??? 5μ?a:L1???ā??yt??9???ā??¤e??ā?? ??à?司???9X??ā????d????à?司???= ?P???ā?'l()#GD ???ā?'l理.()1?DFGD 15;?= 中信建投基金管理有限公司 公投






































 86 基1.管理


"#OPQ信 ?PDEFP?DF^???理F#??P?ī? ? DEF#????ī 1P??-?2P-?a??2l[ě理.?司9DEF#??¥| VY?/, 1s?!"? 2?->?2BC?:è9??????^->?2???z XDE??? 3st->?2_?DE?l?????司g中管3U0 $#[ě?z? 4????? 5?t?司?"???理F?U? 6s?->?2l理.???司3??DF9??+?D F???->?2l管?理.???司9¤??中管3U^[ě3Dú?9 Xǎ????áG?投r#?`? 7à?DF???9?*?#?DF? 8??P?????ě9W???ě#£.t+yt3?^? E?


9¢êg??[ě?>?)#?ě¢ê???ě?E??限ī X??->?2?司#?z?


10s?->?2l理.???司?司_`#?ò???


11à->?2ü司#?ПL9??gǔǔ?E???? ?


12st????+#?`W?投??tǒ????9+#? `tǒ???投/??B#???


13à?????4#o?9+#?`s?+yt??


14DEF#*?9?Z???理F#?`tǒ????gr Oá[ě??t+?


15??P?????ī?PU???ī?P/ ?T??g[ě+ ???ī#?ú?ě?


中信建投基金管理有限公司 公投






































 87 16à?>理.??P??#o?9??^ǘS理.??P?P ??P??^?????q限ī??? 17????l中管3U?司#^->?2ü司#[ě??= 2P??-?2P-?a??2l[ě理.?司9DEF#?ī¥| VY?/, 1s?!"9?Egr??T中管3U?司#[ě?ě?+?E ??#??P?P??^????? 2?E????? 3?->?2BC?:è9yO信zP{|}~#?DE^? z??? 4ò?×˙#?理?限?#F?yt投??P??9?限? #T??ADE^?a??? 5建???Lújk??P3????P?īDElF?DEq?ǚ9 G?DE#??^DEF#??£???9W?DE#Y??? DE9????9yt投? 6?s?-?2P->?2l[ě理.?司?9Y??z? ?+??lê?÷?F???`9Y???÷?F?a??? 7s????DF#3?? 8ǎ??e>E#?áǒ?ā????P?P??^&?\?# ???>->?2q??()#?司9?理.?司?āX???]信?9 Q司???P??#\?? 9ytU??āX???īU???? 10???ǚ??P中 ??^;ǚ??? 11???t-?2P->?2l[ě理.?司9?t信???l ???ī? 12Gx?限??9Y??投??P投ō?q=?-?2P ->?2l[ě理.?司ū理?司?9à信????o¤%G?9Y ?ěF??? 13?->?2#ü司Q司_`?ò??9l?????理 中信建投基金管理有限公司 公投






































 88 F?ò_`? 14??司?E???? 9l?P×???????? 15s?-?2P->?2l[ě理.?司?"???理F? Ugò>?DFP???理Fs??"???理F?U? 16??司GD??DE限ī??#U??'P?ZP??^[ě£ .? 15;?? 17QG???投r??#??()g?à?司???b9X? G投r?˙?t->?2?司#??^?A9??????理.# ??9Xà??>E2#?)??理.?#1?)? 18??X?????ā??9????#GDP?EP?\P ??^?ò? 19????Ps????gr?s??????9l???中管3U X???DF? 20???->?2?ù??#??g?????理F>? ?`?9¤e?¢???ê9[???êY?[?ê°??? 213??DF?????^->?2?司?t??#?ī9 ?DF??->?2?2?????9DEF¤+???理 F?`??DF??? 22eDEF?[?ī??÷???E?9¤eW÷???E理. ?ī#t+?¢?ê? 23DEF*?9?Z???理F?`tǒ????gOá[ ě??t+?


24DEFà!" ?????#???)9->?2Y? BC9DEF?¢?ú!"?z9?ǜ!"X???t? ? D?? ?à!" ??? 30:L????F? 25?tBC#???理F?U#??? 26建?XGD???理F*'? 27????l中管3U?司#^->?2ü司#[ě?ī= 中信建投基金管理有限公司 公投






































 89 ? ?DF#????ī 1P??-?2P-?a??2l[ě理.?司9?DF#??¥| VY?/, 1?->?2BC?:è9s????^->?2#?司?? GD??? 2s->?2ü司???D?l?????司g3Dú?0 $#[ě?z? 33?DEFW#投?a9???DEF理??- >?2l管?????t+9W??P[ěe?F#?`?2????# ?±9¤??中管3U9Xǎ????áG?投r#?`? 4??£.mn??9+???P??P ???q投 ????9+?EP ????ā? 5???g?"???理F?U? 6àDEF???9?*?#DEF? 7????l中管3U?司#^->?2ü司#[ě??= 2P??-?2P-?a??2l[ě理.?司9?DF#?ī¥| VY?/, 1yO信zP}~v?#??理X??GD??? 2????#?Dú?9?理?>??#?限n?9ò?×˙#P >?#???D限ī#?wF?9?????D??? 3建???Lújk??P3????P?īDElF?DEq?ǚ9 QG??#??9G[?D#????DF?理??lY?# ??£????W??D#Y?#???ó??9???ā9??DE9 GY???à???óP??P?'??q??£???? 4?s?-?2P->?2l[ě理.?司?9Y??z? ?+??lê?÷?F???`9Y???÷?F?D??? 5GD1DEF?Z??#?理.#??>?l理.?? 6??司???#??P??P ???q投??? ?9?t->?2#ü司9??DEF#投ū?9l??E?āP? 中信建投基金管理有限公司 公投






































 90 ???? 7Gx?限??9?-?2P->?2l[ě理.?司ū理 ?司?9à信????o%G?9Y??ěF??? 81?P??DEF?ā#??]P???]P? ??P??\?? 9?E??D限ī??理.#信?????? 10W?īU???P?ǚ??P中 ??^;ǚ??b?ō?9I JDEFà?????#?a?????t->?2#?司yt??? DEF理??t->?2?司#t+9?¤eIJ?DF??ǎ? ??e#?á? 11GD?D限ī??#??P?'P?Z^[ě£.? 15 ; ?? 12建?XGD???理F*'? 13??司?a£.?'X?DEF?W? 14s?DEF#ū?g理.?司????理F??_`^ ????? 15s?-?2P->?2l[ě理.?司9?"???理F ?Ugò>DEFP???理Fs??"???理F?U? 16?t????^->?2#?司3?DEF#投?a? 17?????ā??9????#GDP?EP?\P??^ ?ò? 18????Ps????gr?s??????9l???中管3U ^?t3D?ě9X??DEF? 19???->?2?ù?????9¤?¢???ê9[?? ?êY?[?ê°??? 20??司3?DEF?????^->?2?司?t??#? ī9DEF???->?2?2?????9¤+???理F ?`?DEF??? 21?tBC#???理F?U#??? 中信建投基金管理有限公司 公投






































 91 22????l中管3U?司#^->?2ü司#[ě?ī= ????理F#????ī 投r?理??#t+??+W->?2#??^??9 投r?s?->?2????9?2+???理F^- >?2#e?F9ǘ?[Yг?理#??=???理Fa+- >?2e?FXYà->?2?K???g??+???)= ?????????理?q#>??`= 1P??-?2P-?a??2l[ě理.?司9???理F#?? ¥|VY?/, 1????_`? 2???ò?ā?#б???? 3à Ls? ??g??[?理#??? 4?t?司??????理F?Ugr?"???理F?U? 5b?gr???Zb????理F?U9W???理F?U ????tǒZ??? 6??gr1????#信??? 73?DEF#投?a? 8WDEFP?DFP?ī?ě??[>??`#t+s ??è??g??? 9????l中管3U?司#^->?2ü司#[ě??= 2P??-?2P-?a??2l[ě理.?司9???理F#?ī ¥|VY?/, 1?N??X?x->?2PH!IJKl?????q信? ??()? 2???投??9????jk????9?ēef#投 \]9?ēēb投??9?t?¢投jk? 3.&信???9l?tǒ??^?t?ī? 4рп??P???l????^->?2??司#?z? 5à[?理#???ПL9?¢??gr->?2ìā# 中信建投基金管理有限公司 公投






































 92 理??ê? 6Y??ê?理?l[ě->?2e?F>??`#??? 7?tBC#???理F?U#??? 8??à????中?ê????#Ye??? 9????l中管3U?司#^->?2ü司#[ě?ī= ?P???理F?U?"P??lZ?#??^??? ???1 1Peb?g???司??1??#9¤e????理F?U, 1ìā->?29V>?ū理ü司#??? 2??DEF? 3???DF? 4???a?A? 5ǘSDEFP?DF#???$g?ê???ī?9V?? ????ǘS?q???$g?ê???ī?#??? 6????? 7?[ě#>X9V????P中管3Uū理?司#??? 8??投??P?Пg??? 9?????理F?U??? 10DEFg?DF??????理F?U? 11??g>??理??? 10%?? 10%??# ???理FDEF_???e:#???ā9??????K ???????理F?U? 12W>?e?F??^?ī?B???ˉ#[ě??? 13????P->?2g中管3U?司#[ě¤e??? ?理F?U#??= 2P??51DEF^?DF?????9Y???? ?理F?U, 1????????#?z#_?? 2à????^->?2?司#?ПL9XàW?理???理 F?`?OcdY??ˉ#o?ǘS#??ňPǘ????ī?gǘ 中信建投基金管理有限公司 公投






































 93 ????ňP??_??AP??Pò?gǘS?????ó? 3à????^>??司#?ПL9XàW???理F?`? OcdY??ˉ#??9DEFP???ěP???ěǘS理. ??P?P??P??P?????P??Dq限ī??? 4à????^>??司#?ПL9XàW???理F?`? OcdY??ˉ#??9?b?限īg?ī? 5?£¤#?????B??°¤eW->?2yt??? 6W->?2#??W???理F?`?OcdY??ˉg? ?Y?l->?2e?F???ī.3?B????? 7?t????^->?2?司Y?????理F?U#[ ě?±= 3P?>?BC:è9éàê? ???::ì#?? ?理F??Yí 200F9gràê? ???::ì??]??e: ?#??W¤#??]Xòóe:??#??W¤#??]? / 5000??#9???->?2÷?ùú?#ü司yt??? āXìā9°??????理F?U= ?U??"Fl?"?A 1P??????司g->?2ū理ü司?9???理F?U1 DEF?"= 2PDEF???司?"gY??"?91?DF?"= 3P?DF?+理??????理F?U#9¤e?DEF ?bK???=DEF¤e?_?K????:è 10:L?司???"9 XK????DF=DEF?司?"#9¤e?b?K??司?:è 60 :L??DEF?司Y?"9?DFЬ?+理???#9¤e 1?DF?t?"9X?b?K??司?:è 60:L?X??DE F9DEF¤eò>= 4P?Z?? 10%?? 10%#???理F?????K?? ?????理F?U9¤e?DEF?bK???=DEF¤e ?_?K????:è 10:L?司???"9XK????b??#?? 中信建投基金管理有限公司 公投






































 94 ?理F?Z^?DF=DEF?司?"#9¤e?b?K??司?:è 60 :L??DEF?司Y?"9?Z?? 10%?? 10%# ???理FЬ?+理???#9¤e??DF?bK???=?D F¤e?_?K????:è 10:L?司???"9XK????b??# ???理F?Z^DEF??DF?司?"#9¤e?b?K??司 ?:è 60:L?9X??DEF9DEF¤eò>= 5P?Z?? 10%?? 10%#???理F???????? ???理F?U9°DEFP?DF?Y?"#9??g>?? Z?? 10%?? 10%#???理F理??t?"9X???o 30:?中管3U??=???理Fs??t?"???理F?U#9 DEFP?DF¤eò>9Y???P??= 6P???理FU?#?"F????Q司U??P?ДP?A^? `??:= ?????理F?U#????P??LMP???A 1P????理F?U9?"F¤/U??o 30:9à?司??? ?=???理F?U??¤???JLM, 1U??#??P?Д^U?±A? 2U?м??#??P????^Z??A? 3理?b????理F?U#???理F#?`??:? 4????J#LM??¥|VY?/?EF??9?E??^? E理C ?qP????^?Д? 5Uī???3F?*l?3??? 6b?U?r??$?#()^???t#??? 7?"F????#[ě??= 2Pǎ???U?AXytZ?#??91U??"F?司àU??? 中IJ????理F?U?ǎ?#?§???AP??#??.l[? 3?A^?3FPK?Z?ō?д?#īā??^_??A= 3P??"F+DEF9?¤ūtK????DF?ū司?ДWZ ?ō?#??yt3????"F+?DF9?¤ūtK???DEF 中信建投基金管理有限公司 公投






































 95 ?ū司?ДWZ?ō?#??yt3????"F+???理F9?¤ūt K???DEF^?DF?ū司?ДWZ?ō?#??yt3?= DEFg?DF?Y??ZWZ?ō?#??yt3?#9Y?ˉZ?ō? #??C?= ????理Fb?U?#?A ???理F?U5???nU?AP??U?Ag????P3D ?ě?4#[ě?A?9U?#??A1U??"FQ司= 1P?nU=1???理FFb?g?E投?????J?? ?Zb?9?nU?DEF^?DF#???Z¤e????? 理F?U9DEFg?DFY??Z??#9Y?ˉZ?C?=?n U???>?)?95yt???理F?U??, 1??b?U?r?理??#?P??b?U?rb?#??F ?理??#?l??F#?E投?????J?>????P-> ?2^ U???#?司9X??理??#??DEF?理#??? £?? 2T?W9???Urb?#à?`??:?理??#???9 理C#??Y?/à?`??:???#???????? ?=é?Urà?`??:?Z#理C#???/à?`??: ???#????9?"F5à??#???理F?U???#? μ<?PЛμ<L9?司???????"???理F?U=??? "#???理F?U?Urà?`??:?Z#理C#??¤Y?/ à?`??:???#?????????= 2P??U=??U3ū???理F?[WZ???#投?K? ±AàZ?īā:o????"Fū司#??=??U¤K??AytZ ?= à???>?)?9??U#?A?+理C, 1U??"F?->?2ü司??U????9à 2μ?a:Lo ???£.??d??? 2?"F?>?ü司???DF???DF+?"F9 中信建投基金管理有限公司 公投






































 96 ?+DEF?ū司?ДWK?Z?ō?#??yt3?=U??"Fà ?DF???DF+?"F9?+DEF^??.#3?? tU????司#?A_????理F#K?Z?ō???DFg DEFT??Y??_?K?Z?ō?#9Y?ˉZ?C?? 3Fǘ?b?K?ō?g??ěF?Zb?K?ō?#9??? 理F??理#??Y?/à?`??:???#???????? ??éFǘ?b?K?ō?g??ěF?Zb?K?ō????理F? ?理#???/à?`??:???#????9?"F5à?? #???理F?U???#?μ<?PЛμ<L9?司????? ??"???理F?U=???"#???理F?U¤e理?Z??? ?????????#?理Fǘ?b?K?ō?g??ěF?Zb? K?ō?? 4??÷3?中ǘ?b?K?ō?#???理Fg???ZěF b?K?ō?#?EF9????#?理??#?P??b?K?ō?# ?EFb?#??F?理??#?l??F#?E投?????J? >????P->?2^U???#?司9X????ě??£?= 3Pà????^3D?.?4#??95ǎz[ě??n?Ag r?n?A???n?A£?>#?A????理F?U9U???ú t?nU^???AU#??yt9?§?A1U??"FQ司XàU?? ?中?J= 4Pà????^3D?.?4#??9???理F??ěF?+b ?U?XZ?#9???A5ǎz?cP??P??P?信g[ě?A9?§ ?A1U??"FQ司XàU???中?J= ???LM??? 1P??LMl??? ??LM+.3???理F?`#????9?->?2#??? ?P?司ìā->?2P??DEFP???DFP?[ě> XP????l->?2?司#[ě??lU??"F?+???? ??理F?U?и#[ě??= 中信建投基金管理有限公司 公投






































 97 ???理F?U#?"F?b?"U?#???9W理??#??¤ eà???理F?U?ol???= ???理F?UY?W?????#??LMytZ?= 2P???? 1?nU à?nU#?A9??1?Uē?F?t?÷???司??Q司^? ?3?F9??1?Uē?F????9T?и?ytZ?9X±2?U??= ?Uē?F+DEF??b?U?#?Z9àDEF???Z??ē? ?U#??91?DF??[b?U?#?Zē????DEF?? ?Z^?DF???Z???ē??U9?1b??U#???理F^ ?EF??Z??#?????????????B?*???理F a+?????理F?U#ē?F=DEF^?DF?Yb?gē ????理F?U9Y?ˉ???理F?Uab#??#C?= U??"F¤e?ab?U?F?#?*'=?*'?J??U?F??* g??*P??J()8ЧP?理g?Z理Z??#??P??F ?*g??*^?3?Aq??= 2??U à??U#??9??1?"F?o 30 :????9à???#Z? īā: ? 2μ?a:Là??.3?1?"F′??ú理CZ?9à? ?.3?±2??= ЛZ? ???理F??????理??Z??= ???理F?U???+????^·???, 1P????9?????T???U#???理Fg[?EF??Z ??#?????????????+理C???÷ 2???司#? ·????????#[ě???????#?A??= 2P·???9·???¤eT???U#???理Fg[?EF?? Z??#?????????????5ēb=?>?ū理ü司?9 ???a?AP??DEFgr?DFPìā->?2P 中信建投基金管理有限公司 公投






































 98 ?[ě>X·??????+理C= ???理F?Uǎ??*?Ayt投?Z?= ǎ????AytZ??9??à???理??#£??J9???? ?>U???中?司#Q?投r??()#Z??+理Cb?#投r9Z? ?>U????司#K?Z?ō??+理CZ?9Z?ō?ǐ?Y?g£??? #?+??Z?9V¤e??b?K?ō?#???理F??Z#?? ??= ???理F?U#????g?????LX?#???э¤e? ??P??Z?= ??? 1P?nU 1??U1DEFg?DF?"9???理F?U#ē? F¤eàU?????àb?U?#???理F^?EF中??Ц* ???理F?Z??U?"F??#?*3????¢ê3?F???U1 ???理F?t?"g?U??1DEFg?DF?"9V?D EFg?DF?b??U#9???理F?U#ē?F¤eàU?? ???àb?U?#???理F中???*???理F?Z¢ê3? F=DEFg?DFYb??U#9Y?ˉ??#C?= 23?F¤eà???理FZ????yt?ДX1?Uē?Fe n??????= 3??U?ē?Fg???理Fg?EFW/??#Z???理? ?95à??Z??????W?投????yt???Д=3?F¤eyt ???Д9???Д??+?=???Д?9?Uē?F¤een????? Д??= 4????¤1??.%?9DEFg?DF?Yb? ?U#9Y?ˉ??#C?= 2P??U à??U#??9???A+,1?U?"F??#Ц*3??à ?DF???Zé1?DF?"9?+DEF???Z#3?y 中信建投基金管理有限公司 公投






































 99 t??9X1??.W[????%?=DEFg?DF??? ZWK?Z?ō?#??yt3?#9Y?ˉ??^Z???= ?BC??? ???理F?U#??9?"F¤e????:è 5:L?中管3U ??= ???理F?U#???Z????:èBC= ???理F?U???BC?:è 2:Là?司?????=??ǎz ???AytZ?9à?????理F?U???9????K?(P? ?ěP???*q????= DEFP?DF^???理F¤e?tBC#???理F ?U#??=BC#???理F?U??W?§???理FPDE FP?DF?理ü??= ùú?./???理F?U??1P??)P????PZ ??)q?司9??ǘ??z????#ú?9??????????ù£.L M??Эg??#9DEF?o???95ǘ?Wú?LMyt??^ǘ S9??????理F?U??= ?P->?2??^ìā#?1P??l???ā?A ?->?2#?? 1P??>??l?????司g>?ü司¤T???理F ?U????#??#9¤????理F?U????=W/5YT ???理F?U????#??91DEF^?DF?ō???X??9 X?中管3U??= 2P./->?2??#???理F?U???BC??5?t9 X???BC?Ц:Là?司????= ?->?2#ìā?1 理??±??#9->?2¤eìā, 1P???理F?U?司ìā#? 2PDEFP?DFw?ìā9à 6 μ





































 100 ?DF??#? 3P->?2ü司#[ě?±? 4P£.????^中管3U?司#[ě??= ???#?ā 1P???ā??,?b?->?2ìā?1?:è 30μ?a:L 2??ā??9DEF?????ā??Xà中管3U#3?yt ?ā= 2P???ā???2,???ā??2?1DEFP? DFP?理??£.限ī?#&'U??P??l中管3Uū司#F ??2=???ā??5?z??#?aF?= 3P???ā??w?,???ā??????#GDP?EP ?\P??^?ò=???ā??5s?yt??#????= 4P???ā??, 1->?2ìā?±b??91???ā??′??D? 2W??^公?公īyt?E^Q?? 3W??yt?]^??? 4?a?ā??? 5? U???ī?W?ā??yt?ú??9? ???ī?W?ā ??b???ō?K? 6??ā???中管3U??X??? 7Wб???yt?ò= 5P???ā# ?+ 6μ<9V???#??d???? °Y?l???#9?ā ?£¤ǖǖ= ??ā?z ?ā?z?ū???ā??àyt?ā??中?B#?理>E? z9?ā?z1???ā??T????中??= ????āб??#?ò s????ā#?ò??9????ā?#?úб???? ???ā?zP?п????X??公ī?9????理F?理# 中信建投基金管理有限公司 公投






































 101 ??ú?yt?ò= Л???ā#?? ?ā??中#理.?????l???????ā??T?理P ?£.限ī?#U???ī???X1???ī?b???ō?K??中管 3U??X??=???ā??/???ā???中管3U??? 5μ?a:L1???ā??yt??9???ā??¤e??ā?? ??à?司???9X??ā????d????à?司???= ????ā?'l()#GD ???ā?'l理.()1?DFGD 15;?= ?Pн????A ??e?F?ō9?->?2°?B#g?->?2理.#?Кн ?9?T????????#9¤??中管管?Ta??????U???Ue ?理C#????yt??9???Д+??m9?????ì?d#XW?? e?F?理ü??9??????ū理?司9???1????¢= н??E ?9>?e?F¤ux??#w?9???OP}~Pv? ??t>??司#?ī9?????理F#>??`=? ->?2?中管??D?= ?P->?2D?^投r??->?2#?A ->?25??2'9?投ràDEFP?DFP???ě #??n?^?限n???= 中信建投基金管理有限公司 公投






































 102 基公1管理


RSOPQ信 ?P?D??e?F ?DEFgDEF *, 中信建投DE理???


??, ??m??????????? 38? 1?


?司?ZF: ?? 2???, 2013; 9< 9: 0$???.,中管3U 0$??(8,中管3U34562013711088 ??±A,理??ê?? &',30000??F?ì T??П,!"P??P·司???DEP?DE^中管3 U45#[ě限ī D? ?,??D?


??DFg?DF *, 中管?t??理??? ??, ??m金??1??L?? 18 ?司?ZF,ˇo? 2???, 1983; 10< 31: ?D限ī0$(8,中管3U3??1998?248 ??±A, ??理??? &',F?ì????????????????????????S T??П,?_F?ìD???? P中 ^? ????E?ā??E ??????t?公??E?tP?E∥?P??¨?公??ǚ¨?公? ???限?????信z?īl¢G??E_???l?EGk限ī???G k??ī???D??????????????∥??管??ā??限??? ??????#?∥^??????????¢G???P????t^?E? t???#?ì理\??ǚ^?E?ǚ???#?ì理\???? 中信建投基金管理有限公司 公投






































 103 ??ǚ??????ǚ???信z?#?t^?E管?信z?#?tl??? 信ǘ?P??P?限ī???g???????管????ǚ?????? ěT??e???45#?К?t限ī?à????#?ts?e???5?t g???E?te??ì?T中管F??t0$#[ě限ī= D? ?,??T? ?P?DFWDEF#限ī3?^??? ??DF??理.????#?司WDEF#?投?ay t3?,? ?PW#投?ПP投W?yt3?=DEF¤?中信建投基金 管理有限公司 公投м投#基金管理有限公??èq ?投?è#?§?Пl???a?DF=DEF5??O???# ??9W?投?è#?§?П%??^ǘS9Xl????DF= ?DF????投?ПW#投yt3??? #投?П+?理о???d#???9¥|管公P?t??P ?公P??¨?公P有限公P??公P中 ??P? ?P??? ?P ???P??公P5??公??Y??5?公P5??公P ???t#? ??公P公??P?tD?¥|??D?P司 D?P ??D?l[ě?tD?P?ìmn??¥|?限D?P管公 ?l??? ?g中管3U?4投#[ě???9V??>中管3U£.?司=? Yē?投??^?9??理5??公????#??P??? ????#?l?投?Y??5?公°?B#?9¤eà[5?m?? ?:è??μ??:Lǚb=? ?????g3D?ě??4投[ě?è9DEFà?t?e ???95?[п?投?П9[投ú?????理C????g£.?司=? #投?>ú?+,投/公?#ú?Y?/?# ???9[中W基金管理有限公??è#投ú?Y?/???#???9 V¤ ??d??9+G????理F?`9à?? o?μ

ü?рп#??G?9?理?g r? :à?;L#¨?公#ú?>?Y?/??]# ??9àǎǐ 中信建投基金管理有限公司 公投






































 104 L9Y??? ??#??9V?μ??::ìà??管公 ?>ü?р п#??G?9¤eG?Y?/??G?с#?=[中?Y¥|? ā??PDbGP¤_??q=? ?ю司#基金管理有限公??è+í×?μ?)??#有限 ?t#公9¥|я?有限??t#?公P有限公P??公P中 ??P? ?P??? ?P5??公??Y??5?公P5??公q=? ?&'à基金ɡ#中?有限P基金ɡ¨?l[?¨???g???? #有限?? ?à基金ɡ?????¥|???g???#中?有限P管理?? g????有限??  ???中?????????限?P??P?Pg??????基金 ɡ#中?有限P管理??g????有限=? ?PW投?ú?yt3?,? ?投/公?#ú?Y?/?# ???9[中W基金管 理有限公??è#投ú?Y?/???#???9V¤ ??d ??9+G????理F?`9à?? o?μü?рп#?? G?9?理?gr? :à?;L#¨?公#ú?>?Y?/ ??]#??9àǎǐ L9Y?????#??9V?μ??::ìà? ?管公 ?>ü?рп#??G?9¤eG?Y?/??G?с#?? [中?Y¥|?ā??PDbGP¤_??q??  ?Yē?投??^?9??理5??公????#??P ???????#?l?投?Y??5?公°?B#?9¤eà[5? m???:è??μ??:Lǚb??  ??理?????t#9[m]Y????]#??? ?? ??理#?ú?9[m]Y?????]# ?? ??  ?投/????`F#?????#ú?9Y??? ??]#??? ?? ??理#?ú???9[m]Y?????]# ??? ?? 中信建投基金管理有限公司 公投






































 105 ??理#?? ū???信z?? ????#ú?9Y??? ?????ǐ#??? ?? ?¤投/信z????+ ???? ?? ????#???= ?理??? ?9??[信zq??PYг?>投?$9¤à? ??????:è μ?ü\]Y????? ]#???9?理#ǚb管公 ?>ü\]Y????理#公?m]# ????? ?àê???:L??Y¥|á?#管公 ?>ü#2??Y?? ?????:??]# ????? ???理#公Y?? :à?;L#¨?公m]^??P ǚb管公 ?>ü\]9>??ǜ?ā¤e?>>?./公投ú? #理.ü司?? ??àǎǐ ?9#??Y?????# ?????à  L9#??Y?????# ?????? ????!?D??l中管3U?司#[ěē§+??W ???????#95??c??#c??¤e?>?ü司#投?П G??ù=DEF????!?D??l中管3U?司#[ ěē§+??W???????#95??c??#c???>?ü司 #投?ПG??ù9X?¢1/Y?ù??ù#jkg???? ?? L9ē?投/??d???#m]>?Y??? ??]#????9ǎǐ LY?С????mn??Pǔ?P? ǐ??qDEF??#??ùǒY?>o???司ú???#9D EFY?ē?????d???#投?? ??????l中管3U?司#[ě投ú???=? ???÷?P?Jsj?uJsj?u??9?? ?mn??P?t F>XP?ǐ??qDEF??#??ùǒ投ú?Y?>??? 司投ú?#9DEF¤eà??μ??:LytǘS9V中管3U?司 #·??±??=????g3D?ěū理?司#9?[?司=? DEF¤e?>?BC?:è ?μú?? 中信建投基金管理有限公司 公投






































 106 >>?#理.ü司=à?? ?L9#投?ПP投??¤e?> >?#ü司=?DFW#投#3?????>?BC?:è ?=? ????g3Dú??Эg??????9??z/9DEFà ?t?e???9?投Yг?£.??g???#?司+$=? ??DF¤??理.????#?司l->?2#ü司9W ??]?āP?????]?āP¤_??P?z?l_? Q司P_`?òP£.信???P????Τ?中??限?Z?? ?qyt1?=? ??DFà??÷?P??#3?^??中??DEF ????ü司9¤l???DEF9DEF_????¤l??WQ? XK?±AW?DF?b??X?@=à? L9?DF理???W ????yt1?=DEFW?DF??#??????à? L?@ #9?DF¤l??中管3U??=? ??DF??理.????#?司l>?#ü司9W投 ?āt+yt3?#LMP?$^??=? DEF?z???ǚDEFP?DFl[????PO? ??Fgr?[理????.3#???t#g?? L??#9gr ??[ě??.???#9¤e?>#投??^投??9???? ?理F?`T??9???`??9建???Lú?0??^????9?t mn?á>E\??t=£.?????????DF#?ō9X???? ?%??=??.???¤??DEF??U??9XT?????? #??????=DEF??U¤????;W.?????yt??=? ??DF??DEF#投ū???????P??#?司9 ¤e???t9l???DEF9Xst????#?司l??中管3U ??=?DF??DEFs?????ǜTBC#ū???????P ???司#9¤el???DEF9Xst????#?司l??中管 3U??=? ЛDEF¤??ò>^???DF#3?^??9¥|VY? /,à?司??L?1?DFX?@9??DF#??yt??g?9 ??£.???^?ǚq=? ? 中信建投基金管理有限公司 公投






































 107 ?PDEFW?DF#限ī?? ?Pà??#理C L9àY???áP>E?lY???DF ?x£.????l[t限3D??#??9DEF理?W?DF? t??#??yt??#??9????¥|VY?/?DF??GD ??P???#??^??q投??#[ě?z??P1? DEF?ā#??]^?????]P??DEFū??E ?ā?_P£.信???^3?投?aqt+=? ?PDEF???DF???z??P?W??Ot?? DEP?@eE1??tgǖГ?tDEF??ū?P? ?投信 ?q??????P->?2l??理.?司?9¤l?K?±A?? ?DF? ?@9?DF_????¤l??WXK?±AWD EF?b??=à? L9DEF理???W????yt1?9?? ?DF?@=?DFWDEF??#??????à? L?@#9 DEF¤st????#?司??中管3U=? P??DF¤??ò>DEF#??t+9¥|VY?/,??£ .??DEF???D??#RSd^NOd9à?司??L?1 DEFX?@=? ? ?P??#GD ???GD#?? ?P??¤??/DEFP?DF#?理??=? ?P?DF¤??GD??9?TDEF#>?>?ū?g? ???P->?2l??ū理?司9Y??t?zP??P?ò#ê ???=? P??DF?t?司???#??^??q投??# [ě?z??=? P??DFW??D#Y??????ó??9???ā9QG ??#RS???=? ?P?s?-?2P-?a??2P->?2l[ě理.?????司 中信建投基金管理有限公司 公投






































 108 ?9?DFY???÷?F?D??=? ?>?BCo!"#?^??? ?P!" ígDEF??ǔā!"?9!"#????P !"?P???理FF??>-?2P-?a??2q理.?司#9 1DEFà?司 ?L? ?理??£.限ī?#U???ī?W yt?9Xb????9b?#???¤1???# ?*?? ? *中管&'U?????+理C=? ?PDEF¤??/??#?ú??à?DF?+ ?#?t??中9XQG??#??Q??£?ù=? ?#?t??#?^DE? ?P?DF¤??#?t??#?^DE=? ?P?DF#*??#?t??=#?té? ??1?DFGD^ǒz=#?К?ì_???9¥|VY?/投P ?????P??_`P_???9????#?t??yt=? P??t??#?^ǒz9?/í×?限ī#??= ?DF^DEFY???#*??[ěê??t????Y?ǒz #?t??yt限ī?#??=? P??t??#DE¤?>????#理.?司=? ?yt司 D?投#???^DE? DEF*?à?DF?5#D??t#ū司?限?Д? D???9?DF??????té???#GD^ǒz=à????? ^??£.信?????中9DEF¤?o??DF???g??? ???#£.?=? ???P?ā????l[ě投??#?^DE? ?P?DF¤e?Z9?DF^?*#?Aà中管 ???ā理??ê?????=? ?P??#?^ǒz9?/í×?限ī#??= ?DF^DEFY?b?g??#??9?Y?ǒz# ??yt限ī?#??=? 中信建投基金管理有限公司 公投






































 109 P??DF???F*?à中管???ā理??ê????ā ????9z/?E?DF??D#¥|àL#?úà? ??yt投??l#?ā限ī=?ā??#_??t中管?? ?ā理??ê??#?司?t=? P?à?D??BC:??9??4??[ě投?è#投限ī #9?l£.??#?Pǒz#9é?£.?司9??DF¤eútX? x??./???Pǒz#?司=? Л公?D??#?^DE? >?BC?9DEF??#*? X??y??管?t? ?限??mn#???9X?Zyt????DFò>DEF #*?à中管F??tyt?管?t?公mn$????a??DF ??#*?à中?管公???ā理??ê??^?t?mn?ā??? 理?????t?公mn公?D??9X?Zyt?t?公mn公 ^#?ā=? ???投#理.理\?#GD? ??投#O?P?t司 D?D?q理\?1?DF?? ??GD=?DFW[??ěO?理C??#理\?Y?¢?ê=? ????理.#??>?l理.?#GD? ?DF?t????GD1DEF?Z??#?理.# ??>?l理.?=DEF?Z??理.??>??¤à_?>?@ ? ??:L???@#)??a?DF=???ū理?司?9 DEFà?Z???理.#??>??¤G???理Ц?? #@9?DEF^?DF????理??@#)=??>?1 DEF??DF??司??GD????;=? ? ?P??]?ā^U??ā ???]#?ā^1?? ?P??]?ū??]òó?公?#\]=?????] ?ū?ā:????]??ā:???????#\]=? 中信建投基金管理有限公司 公投






































 110 ?PDEF¤?μ?a:W???]=VDEF?????? g>?#?司ǔǔ?]???=?]?¤?>->?2P-投 U??ā限īū?2l[ě????#?司=z/信???#?]信 ?1DEF???ā9?DF1?=DEF¤/?μ?a:??? ?ā?be:#?????]9Xà?????ü司#?A??a? DF=?DF¤W?]?ā??yt1?9X??ü司#?A?1??? ??aDEF91DEFW???=?2?司#?]??Y??????? ??\]?9DEF5???§??9X??DF?司?9????? ??\]#\??]=? P?DEFP?DF???]??->?2?J#?]? ?P??l£.????#?司gr?????????理F?`?9? ?¤l?yt??^?@=? ?Pe?#?]?ù???]??Д???L?Bǜ??9?+ ???]?]??=e???]b????9DEF¤e??% ?@9Xǎ?>E#?á?ā??y?????e?\???????]# ??????9DEF¤e?中管3U???e?\???????]# ?????9DEF¤eà?中管3U??#??Xl?yt??=???? ?g3D?.Wo?LMū理?司#9?[?司?E=? P?1/DEFW???#ê??]????9?ù???g ???理F#O???9DEF¤WС?¢?ê=é?DF?ā# ?]??@Q9??DFW???Y?¢?ê?é?DF?ā#?]? ?hY@Q9??DFh¤?¢ú??@Q?t1??ī#?ê=???? ???2???g???理F#Ye??9?DEFl?DF ǜ???¢????ê9?DEF¤???Ye???ē§ē???Ye? ?=?????Y×??DEF^?DFǜ?¢#???9?? ??t?????#ú?W???yt?ò=? ?P1/Y5ǒ??9g1/? ????P???ā?ěPD??t 中信建投基金管理有限公司 公投






































 111 ??#????q?9DEF^?DF??ǜTǎ???P?eP> E#?áyt??9V????????#91С?2#??]??9 DEF^?DF5?????ê=VDEF^?DF¤e?? ǎ???#?áò?gЭ?1С?2#?ˉ=? ?P???DF#1????DEF#?ā??DàǜЪ9??? T?????2?ù9DEF5?t[W???]#?ā??W?% ??9?DF5?£.???中管3U??=? ?U??ā? ?P?'#建?? DEF^?DFà->?2BC?9¤?t??ü司#??? ???^U??E?9??????óP??^GD#???'9W?? ??#?'司 yt?W9?£3?9G??#??=é??WU?? E??Dà??9¤DEF#?E??+$=? ?PU???^?īū?#?W? DEF^?DF¤司 ?U???^?īū?yt?W=???D àY?9??¤l??J?X?@=? P??ī?Z^司 ??#??^1?? ?ī?Z1DEF^?DF??2BC?9H!IJK #信??B????#9DEF¤eà?μ?a:L9??H!IJK X??à?司????H!IJK[ě信??B??#9DEF??? ;????=ìā?a#9DEFYг??H!IJK=? ->?2BC? ˋ?????#信??B????#9DE F¤eà?μ?a:L9???????9X??à?司??l?? ?ě??g?限?Д??????[ě信??B??#9DEF?? ?;????=ìā?a#9DEFYг???????=? DEF¤eà?;???:è?μ





































 112 ?à?司???9X?中 ????d????à?司???=DEF¤e à?ǚ???:è??μ?a:L9??R2?ǚ??9??ǚ????à ?司???9X??ǚ????d????à?司???=->?2BCY ×?μ<#9DEF5Y??e ?ǚ??P中 ??gr;ǚ??=? DEFà<ǚ?ZR2e:9??Z?????a?DF1?? ?DFà_??¤ μ??a:Lyt1?9X?1???K???DEF= DEFà?ǚ??R2e:9?理.????a?DF1?9?D F¤à_???μ?a:LR21?9X?1???K???DEF= DEFà中 ??R2e:9?理.????a?DF1?9?DF¤ à_????μ?a:LR21?9X?1???K???DEF=D EFà;ǚ??R2e:9?理.?????DF1?9?DF¤à_ ????μ?a:LR21?9X?1???K???DEF=DEF ^?DF??#??()??????N#?Ag???司#[ě?A yt=? ?DFà1???中9????#?ZDàY??9DEF^ ?DF¤???J?9ytǘS9ǘS???5#?ī?E?A+$?é? ????2?ùDEF#?ī?E+$=?W???9?DFà DEF??#??????D限īú???grb????D限īú???# 1?ō?Kgyt??Q?99?????D??=??DEF??D FY?/¤e?????:?o?£.?Z?2?ù9DEF理??t[? ?#?ZW?????9?DF理??£.???3U??=? ? ЛP???理F*'#GD ????理F*'#LM? ???理F*'#LM¥|VY?/???理F#*^?理# ??=? ???理F*'¥|??,? ?P!" ???#???理F*'?? ?P?`??:#???理F*'?? 中信建投基金管理有限公司 公投






































 113 P????理F?U??:#???理F*'?? P???;ǚ???μ??:#???理F*'=? ????理F*'#??? W/??;ǚ???μ??:#???理F*'9DEF¤à?? ;ǚ????μ?a:L司 ??DF??=W/!" ???# ???理F*'P?`??:#???理F*'l???理F? U??:#???理F*'9DEF¤à£.#*'B2??μ?a: L??DF??=? ????理F*'#GD? ?DF¤??GD???理F*'=??DF????GD? 理F*'9DEF¤l??中管3U??9X?+?tGD???理 F*'#w?=?DF¤WDEF1С?B#GD?a%??=? ? ?P?z??lн????A ????z中?F??^管??X?[??=? ?DEF??DF??????B#g???理.#н? 5????????=?T????????#9?ê???理??н???中 管管?Ta??????U9???Д+??m9X?[?理C#????yt ??=?????ì?#9??????ū理?司9W????e?F??理ü ??=? ??н???#LM??9??#e?FЬ¤?t??#[ě?司=? ? ?P?D??#??Pìā???#?ā ??D??#??? ????e?FT???ù95W??yt??=???#???9[ LMY??->?2#?司理ê???=???#???¤e?中管3U ??=? ??D??#ìā? ?B??9?D??¤eìā,? 中信建投基金管理有限公司 公投






































 114 ?P->?2ìā?? ?P???DF?? P???DEF?? P??B-?2P-?a??2g[ě?????司#ìā??=? ???#?ā? DEF^?DF¤?t->?2l理.????#?司W #??yt?ā=? 中信建投基金管理有限公司 公投






































 115 基公1金管理


T'(UV DEF??+???理F????^5?#?ī=DEF?? ????理F#??^mn#??9??g???ī??9Xūt??= DEFē??īLM?, ?P?信????ī 1P??DEF信?? 2P??信?? 3P[ě信?#??= ?PW??ī 1PW?信?? 2P[ě?= ?P???ī 1P??信??? DEF?DE#???理F9?理DEFa%#???? l???Ч=+???理F??è?9???????^?????? W¤=???理Fà???ī中?^DEF???5??????? ?P??g??8y?F#??9????信?9¥|F#?P ?èP??P投_`ňq= 2P????信?#?? ???理F5ǘ???DEF??????#???信?9?? 3??P??qq9h5???ǘ??Дgù????ī中?91?īF?? ?£.?ī=+??????理F#?`9????8ЧP???t?信 ?q??信?#??1???理F???ū司#???Дyt= 3P信?? ???理F5àDEF?????????#信?9¥|D EF??Pmnt?P信?q??#LM= ?P投#?ī 司 司?投???ī,DEF5+投r?E司 司?投??9 中信建投基金管理有限公司 公投






































 116 ?§??^??1DEFà????#??g??#H!IJK中Q 司= ?P投?DE?ī DEF???ī中?′?yt??#投?DE9mnú??3?投?# ??P?E^?1q=??5???A??投?^?b建?, 1P??DEF?管′????ī?? 4009-108-108? 2P??DEF?? www.cfund108.com ytàь??? 3P?DEF???? service@cfund108.com ?????)= ЛP?H!IJKDàê??/??ě??E?#LM9 ?????A ?3DEF= QG投o9?/??ěǜT??E??H!IJK= 中信建投基金管理有限公司 公投






































 117 基公1公管理


WXYCDZ[





DEF/ 2021; 3< 31:??-中信建投DE理???Σú ? 2020;;ǚ????d??2P-中信建投基金管理有限公司 公 投 2020;;ǚ??2?





DEF/ 2021; 4< 2:??-中信建投基金管理有限公司  公投TE????2=





中信建投基金管理有限公司 公投






































 118 基公1管理


\]^_`abcdef H!IJK???9¤e??ó?/DEFP?DF^??? ě#??9投r5à?限??????=à?????95à>E??L? ???()1?)=投rh5ǘ???DEF#?? www.cfund108.comyt??=W投r????A???#()l[1?)9 DEF^?DF¤G????#LMR??ù= 中信建投基金管理有限公司 公投






































 119 基公1管理


gchi ??()DàDEF#??n?9à????5?????= ?中管3U$%中信建投基金管理有限公司 公投 &'#() ?-中信建投基金管理有限公司 公投>?2 ?-中信建投基金管理有限公司 公投?D??2 ???ō?K ?DEF限ī?0)P?限?t Л?DF限ī?0)P?限?t ?中管3U??#[ě() ???A,投F5à?限??????9h5?????1?)=

















中信建投DE理???


2021; 4<