window.pageData = {"stock":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合","fundSecondLevel":"hybrid","fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50390000","tickerId":50390000,"name":"东方基金管理股份有限公司"},"managers":[{"name":"周思越","stockType":"fund_manager","stockCode":"db20765923","exchange":"fm","tickerId":261925201740}],"hotMetrics":{"fss":{"stockId":3000000001614,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.0152,"f_ins_h_s_r_c_hy":0.015,"f_ins_h_s_r_c_1y":-0.11339999999999999,"f_ind_h_s_r":0.9848,"f_ind_h_s_r_c_hy":-0.015000000000000013,"f_ind_h_s_r_c_1y":0.11340000000000006,"f_h_a":27697,"f_h_s_a":4094,"last_data_date":"2025-06-29T16:00:00.000Z"},"fpr":{"stockId":3000000001614,"type":"fpr","f_p_r_fys_ssc":8993,"f_p_r_fys_ssrp":0.9776467971530249,"f_p_r_m1_ssc":9202,"f_p_r_m1_ssrp":0.4785349418541463,"f_p_r_m3_ssc":9077,"f_p_r_m3_ssrp":0.9586822388717496,"f_p_r_m6_ssc":8790,"f_p_r_m6_ssrp":0.9857776766412562,"f_p_r_y1_ssc":8330,"f_p_r_y1_ssrp":0.7233761556009125,"f_p_r_y2_ssc":7719,"f_p_r_y2_ssrp":0.6554806944804353,"f_p_r_y3_ssc":6925,"f_p_r_y3_ssrp":0.516897746967071,"f_p_r_y5_ssc":4303,"f_p_r_y5_ssrp":0.38702928870292885,"f_cagr_p_r_fs_ssc":9144,"f_cagr_p_r_fs_ssrp":0.7009734222902767},"fp":{"stockId":3000000001614,"type":"fp","f_p_r_fys":-0.09050678087080677,"f_p_r_m1":0.08525679243676021,"f_p_r_m3":-0.09348321001707438,"f_p_r_m6":-0.12690146635603683,"f_p_r_y1":0.10964033789079486,"f_p_r_y3":0.19935993975903465,"f_p_r_y5":0.19665664913598668,"f_cagr_p_r_fs":0.025391652456740132,"f_p_r_d1":-0.009394657299240272,"f_p_r_y2":0.19262448521152997,"last_data_date":"2026-05-05T16:00:00.000Z"},"ff":{"stockId":3000000001614,"type":"ff","f_m_f":1775112,"f_m_f_r":0.012,"f_c_f":295852,"f_c_f_r":0.002,"f_m_a_c_f":2070964,"f_m_a_c_f_r":0.014,"f_m_c_f_d":"2024-06-29T16:00:00.000Z","f_c_fr":0.002,"f_fr_d":"2026-04-19T16:00:00.000Z","f_m_fr":0.012,"f_mac_fr":0.014},"f_nlacan":{"stockId":3000000001614,"type":"f_nlacan","f_nv_d":"2026-05-05T16:00:00.000Z","f_nv":1.2742,"f_nv_cr":0.016838241161918344},"f_as":{"stockId":3000000001614,"type":"f_as","f_tas":115595956.88,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockId":300033,"holdings":34400,"marketCap":10268400,"netValueRatio":0.0888,"quarterlyChange":-0.07349928611335221,"stock":{"stockCode":"300033","exchange":"sz","stockType":"company","tickerId":300033,"name":"同花顺"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockId":300803,"holdings":100000,"marketCap":9728000,"netValueRatio":0.0842,"quarterlyChange":-0.2561272476606724,"stock":{"stockCode":"300803","tickerId":300803,"exchange":"sz","stockType":"company","name":"指南针"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockId":600030,"holdings":386600,"marketCap":9293864,"netValueRatio":0.0804,"quarterlyChange":-0.15399175121688036,"stock":{"stockCode":"600030","exchange":"sh","stockType":"company","tickerId":600030,"name":"中信证券"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockId":300059,"holdings":477200,"marketCap":9014308,"netValueRatio":0.078,"quarterlyChange":-0.18507333908541834,"stock":{"stockCode":"300059","exchange":"sz","stockType":"company","tickerId":300059,"name":"东方财富"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockId":601688,"holdings":500000,"marketCap":8900000,"netValueRatio":0.077,"quarterlyChange":-0.24544298431538814,"stock":{"stockCode":"601688","exchange":"sh","stockType":"company","tickerId":601688,"name":"华泰证券"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockId":601336,"holdings":128800,"marketCap":7925064,"netValueRatio":0.0686,"quarterlyChange":-0.11721664275466315,"stock":{"stockCode":"601336","exchange":"sh","stockType":"company","tickerId":601336,"name":"新华保险"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockId":601318,"holdings":123000,"marketCap":6983940,"netValueRatio":0.0604,"quarterlyChange":-0.1698830409356732,"stock":{"stockCode":"601318","exchange":"sh","stockType":"company","tickerId":601318,"name":"中国平安"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockId":601881,"holdings":526600,"marketCap":6708884,"netValueRatio":0.058,"quarterlyChange":-0.18956743002544607,"stock":{"stockCode":"601881","exchange":"sh","stockType":"company","tickerId":601881,"name":"中国银河"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockId":601995,"holdings":204500,"marketCap":6623755,"netValueRatio":0.0573,"quarterlyChange":-0.07457142857142818,"stock":{"stockCode":"601995","tickerId":601995,"exchange":"sh","stockType":"company","name":"中金公司"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockId":601601,"holdings":169500,"marketCap":6286755,"netValueRatio":0.0544,"quarterlyChange":-0.11500835122882291,"stock":{"stockCode":"601601","exchange":"sh","stockType":"company","tickerId":601601,"name":"中国太保"}}],"bondHoldings":[{"_id":"69e8f8d71398d79843fff9d7","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockCode":"019827","stockName":"26国债01","holdings":18000,"marketCap":1804752,"netValueRatio":0.0156,"lastUpdated":"2026-04-22T16:35:35.564Z"},{"_id":"69e8f8d71398d79843fff9d8","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockCode":"019785","stockName":"25国债13","holdings":17000,"marketCap":1716166,"netValueRatio":0.0148,"lastUpdated":"2026-04-22T16:35:35.567Z"},{"_id":"69e8f8d71398d79843fff9d9","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockCode":"019792","stockName":"25国债19","holdings":16000,"marketCap":1612082,"netValueRatio":0.0139,"lastUpdated":"2026-04-22T16:35:35.571Z"},{"_id":"69e8f8d71398d79843fff9da","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000001614,"stockCode":"019773","stockName":"25国债08","holdings":12000,"marketCap":1215929,"netValueRatio":0.0105,"lastUpdated":"2026-04-22T16:35:35.574Z"}],"lastFsMetrics":{"latestTurnoverRate":0.7439699015261588,"latestTurnoverRateDate":"2025-06-29T16:00:00.000Z"}},"list":[{"_id":"69e8ea441398d79843fe855c","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，A股主要指数先扬后抑，其中1、2月份多数指数上行，但3月份以来，受美以与伊朗冲突影响，国际原油价格持续上行，风险偏好全面下降，全球股市显著下跌，A股也深受影响。截止一季度末，A股主要指数仅有创业板与深成指保持红盘，其余均以下跌报收。风格角度，小微盘与红利风格表现相对强势。配置方面，本基金仍以之前非银金融和计算机板块为核心持仓，在经历了一年多指数稳步上行的走势后，非银金融板块的基本面与估值已经显著背离，我们认为未来板块具备一定的估值修复空间。","lastUpdated":"2026-04-22T15:33:24.743Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1473989","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abb8","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，A股呈现区间震荡，上证综指一度突破4000点至4030点附近后回落。风格上成长与周期板块显著占优，特别是AI硬件、半导体、商业航天等新兴方向与贵金属、工业金属等传统周期方向轮番表现，龙头股涨幅更加显著。板块上看，通信、国防军工领涨市场，周期相关的石油石化和有色金属板块紧随其后，而美容护理、计算机和医药生物板块跌幅较为明显。配置方面，本基金仍以之前非银金融和计算机板块为核心持仓，加配了一些高端制造方向的仓位，看好下一阶段其在市场结构均衡过程中的表现。","lastUpdated":"2026-03-09T13:05:49.719Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1449704","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abb7","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，A股持续震荡上行，上证综指突破去年10月高点升至3900点附近。在流动性保持宽松，AI、机器人、半导体等新兴产业不断有重大进展的背景下，科技成长板块表现突出，科技中的龙头股涨幅更加显著，创业板指和科创50指数涨幅均超过30%，小盘成长股表现相对一般。板块上看，AI硬件相关的通信、电子，涨价相关的有色金属、化工，以及机器人、新能源相关的机械和电力设备等板块表现强劲。市场做多热情高涨，仅有银行板块下跌。配置方面，本基金并未对之前以非银金融板块为核心的顺周期方向进行明显调整。在不断回暖的市场情绪下，非银板块的涨幅显著落后于市场整体，看好下一阶段其在市场结构均衡过程中的表现。","lastUpdated":"2026-03-09T13:05:49.717Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1375582","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abb6","date":"2025-06-29T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，受美国贸易政策扰动，A股市场呈现“N字型”走势，主流指数均以上涨报收。年初国内AI和机器人产业均有重大突破创新，A股在科技板块的带领下震荡上行；4月上旬，受特朗普“对等关税”影响，A股市场剧烈调整；但自4月中旬开始，国内政策积极发力，叠加中美贸易摩擦阶段性缓和，全球风险偏好显著回升，市场开始快速反弹。行业层面，在局部地缘冲突升级以及关税政策影响下，有色金属和国防军工领涨，银行板块凭借高股息也涨幅领先；另一方面，因需求乏力以及能源结构转型，煤炭、钢铁以及食品饮料、家电等板块跌幅显著。配置方面，本基金并未对之前以非银金融板块为核心的顺周期方向进行明显调整。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.714Z","mo":"三季度是承前启后的时间，7月的政治局会议已对下半年的宏观经济进行了定调和部署。在国内财政货币双宽松的环境下，预期经济基本面将逐步回暖。在巩固资本市场回稳向好势头的指导方针下，A股市场的吸引力将进一步提升，增量资金特别是长线资金有望继续呈现流入状态。另外，上半年的上市公司业绩即将密集披露，非银金融板块扎实的增长质量与合理的估值或会对相关公司的股价形成良好支撑。继续看好下阶段政策进一步落地后对A股市场的积极作用。","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1342421","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abb5","date":"2025-03-30T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，尽管美股创下近年最差季度表现，A股整体仍然呈现温和上涨。结构上看，上证指数、沪深300等权重指数表现平稳，而中小市值板块表现突出。特别是春节后在国内AI以及机器人行业的创新性产品问世的情绪催化下，TMT、汽车、机械等板块显著上涨。3月下半月开始，成长型行业开始调整，而周期和红利资产开始轮动表现。报告期内，宏观经济总体平稳增长，但回升向好基础仍不稳固。CPI、PPI双降。投资、出口、消费增速低位运行。2025政府工作报告提出将通过提高赤字率、发行特别国债和专项债等手段，加大对科技创新、民生保障和风险化解领域的支持力度，以提振消费和投资，应对经济下行压力。并再次强调“稳住楼市股市”，提出实施适度宽松的货币政策，适时降准降息，推动中长期资金入市，增强市场稳定性。在此背景下，本基金并未对之前以非银金融板块为核心的顺周期方向进行明显调整，继续看好下阶段政策进一步落地后带来经济复苏信心的加强。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.711Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1276968","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abb4","date":"2024-12-30T16:00:00.000Z","stockId":3000000001614,"sao":"2024年，A股经历了先抑后扬的走势，以上证指数为代表主要指数均在2月创下年内低点，随后反弹震荡，并于5月再度向下调整。直至9月底，市场在一系列政策利好的推动下展开了强势反转，主要指数均创下年内新高，同时伴随着成交量的大幅跃升，市场情绪显著回暖。尽管临近年尾，受美国当选总统就职后的对华政策升级，以及国内后续财政货币政策的发力方向和刺激力度的不确定性影响，市场再次产生震荡。但基金经理认为近期一系列的重要会议已经释放出明确信号，决策层对宏观经济的关注和支持力度是毋庸置疑的，更大力度的刺激以及后续经济的复苏只是时间问题。同样重要的是，在指数经历了宽幅震荡后，强预期、弱现实的矛盾已经得到了明显缓解，外部不确定性的边际影响在逐渐减弱，市场在调整中孕育着新的上涨动能。因此，基金经理在四季度对顺周期方向中的非银金融和金融科技板块进行了重点配置。看好未来一个季度潜在利空落地后在宽松流动性呵护下A股反弹行情。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.708Z","mo":"从历史经验看，一季度的市场走势会对全年的风格和方向产生比较显著的影响。2025年我们迎来国内政策转向以及美国新总统上台后的第一个“两会”，市场对政策方向的着力点高度关注。我们对未来中央加大力度促销费、稳经济、强科技的政策措施充满信心，并相信投资人对资本市场的信心也会得到提振。","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1256096","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abb3","date":"2024-09-29T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，A股主要指数均呈现先抑后扬的走势。特别是9月政治局会议之后，在中央对稳增长政策的重视程度显著增强的背景下，各部委陆续发布一系列的利好措施，给A股投资人的信心带来的巨大的提振，主要指数出现了快速的上涨，代表新型产业的创业板和科创板指数领涨全市场。板块方面，金融地产消费科技轮番表现，其中非银、电子和计算机较为亮眼。报告期内，本基金在对前期交易进行深入反思和总结并对市场进行细致研究后，改变了之前偏防御的配置思路，向进攻型的方向特别是半导体、软件和券商进行了重点切换。看好四季度无论是政策力度和政策落地的效率会逐渐加强，A股或将持续受益。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.706Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1178925","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abb2","date":"2024-06-29T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，A股主要指数均呈现冲高回落的走势。以上证50、中证100为代表的大盘股指数表现相对抗跌，而中证1000、中证2000等小微盘指数跌幅明显。板块方面，公用事业、银行、煤炭等具备红利属性的防御性板块有一定涨幅，TMT板块宽幅震荡，而顺周期相关的地产消费等行业跌幅明显。报告期内，基于白酒行业动销和批价数据发出了不良信号，以及考虑到市场仍处于底部震荡的格局，本基金阶段性的大幅降低了仓位。在此期间基金经理一直在思考并寻找具备“硬逻辑”支撑的投资机会并发现有色金属板块可能是一个较好的选择。因为贵金属和重要的工业金属会显著的受益于美联储或即将开启的降息周期，而全球不断加深的地缘冲突也为具备资源属性的金属价格提供支撑。同时在全球制造业活动并未减弱而主要工业金属未来两三年的供给约束并未减弱，这种供需偏紧的局面会使得需求的边际改善对价格的刺激更加显著。另外，尽管相关公司今年已有一定的涨幅，但经过近两个月的调整，许多公司已经又回到了一个比较好介入的位置，因此本产品在6月对有色板块进行了重点配置。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.703Z","mo":"三季度是承前启后的时间，上半年的宏观数据、上市公司的经营状况都发布在即。作为影响大宗商品价格的关键因素，美联储也预期将给出降息幅度和节奏的明确信号。而最为重要的党的二十届三中全会已经召开，7月的政治局会议将对下半年的政策方向提出更明晰的指引。另外，A股市场在经过了半年多的盘整也孕育着新的机会。预计三季度本产品将会结合内外部环境对持仓进行重新审视，寻找合适的进攻机会。","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1151886","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abb1","date":"2024-03-30T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，A股先抑后扬，主要指数均呈现V型走势，代表中大市值的指数小幅上涨，中小市值表现相对较弱。行业上看，人工智能、红利、和周期三个方向表现突出并呈现发散态势。报告期内，本基金并没有把握好市场的节奏，对强势的方向做出及时和准确的配置，错过了市场的反弹。立足当下，本基金选择用业绩稳健、年初以来并未有过高涨幅的食品饮料板块进行防御，等待更好的机会转守为攻。","declarationDate":"2024-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.700Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1073721","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abb0","date":"2023-12-30T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，A股市场跌宕起伏，上半年AI+和中特估引领主题投资，相关板块赚钱效应显著；但二季度末开始，经济压力开始逐步增加，叠加海外资金流出，市场进入调整，尽管稳经济的政策逐步落地缓解了一定压力，整个下半年主要指数还是呈现震荡下行的走势。报告期内，在经过反复的观察和思考后，本产品在年末对之前防守的思路做出了调整，因为市场持续的低迷使得许多行业走势反映了投资者过度悲观的预期，这时往往孕育着较好的反攻机会。而新能源板块特别是光伏行业是潜在利空充分Price in的代表，未来随着业绩层面利空的落地会进一步确认下一阶段边际改善的预期，股价大幅下跌后基本面层面的压制因素已经很低，所以基金经理在年末对光伏板块做了重点配置，以期在市场反弹中抓住阻力相对较小的方向。","declarationDate":"2024-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.697Z","mo":"展望2024，一方面两会前后稳定经济的政策会密集落地，而随着海外加息周期的结束未来国内宏观调控的政策空间也加大；一方面随着抢占科技制高点与安全至上的国家战略的深入贯彻，对科技制造领域的支持力度也在加强；同时，针对资本市场的制度性改革也在逐步推进，提升上市公司质量与重视投资者权益双管齐下，预期2024整体市场环境将显著改善。而一季度在一系列救市政策的支持下，市场在超跌反弹后将进入阶段性的稳态，是一个较好的观察和布局期。","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1058837","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abaf","date":"2023-09-29T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，由于以人工智能为代表的的科技创新板块出现高位回调，在海内外复杂宏观环境的扰动下顺周期板块也表现疲弱，A股主要指数大多呈现下跌走势。风格上价值板块优于成长板块，估值低、分红率高的大盘指数表现相对强势，中小盘指数则跌幅显著。报告期内，本产品贯彻防守的思路，并未对二季度末以白酒为主的持仓结构做出调整。尽管九月份在国内科技巨头技术创新的催化下，科技成长板块有所上涨，但考虑到目前紧张的国际局势以及国内复杂的基本面和资金环境，任何结构性的机会都需要平衡风险和空间，特别是弹性大的进攻性品种，进一步的观察确认应该是更稳妥的选择。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.694Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=990877","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abae","date":"2023-06-29T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，市场主线从一季度的泛数字经济逐渐聚焦于人工智能板块，算力硬件和下游应用轮番领涨，而从应用发散出来的机器人以及自动驾驶题材也在6月表现强势。与此相关的通信、传媒、汽车板块表现突出，而地产链、消费链、周期链等行业表现弱势。报告期内，区域发展通过结构调整深度参与了人工智能行业的上涨，但由于相关标的短期上涨过快，在季度末将仓位转移至具有防守属性的食品饮料板块。尽管从长期来看，人工智能产业的发展空间仍然巨大，短期在情绪催化下的过快上涨已经充分反映了未来一段时间的乐观预期，调仓一方面是为了回避AI指数的回调，同时在半年度的时间窗口也是政策发力稳增长关键节点，消费或可能成为收益的方向，因此目前的持仓也具备一定的向上弹性。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.691Z","mo":"展望三季度，A股的投资环境或好于上半年。从外部来看，美国的加息周期进入尾声，地缘政治危机也被充分预期；而国内的政策友好度在显著提升，经过去年以来的震荡调整，许多板块也进入了估值合理的区间。预计A股市场将进入一个由业绩和政策等基本面因素驱动的阶段，上证指数和沪深300指数等代表大盘蓝筹的指数具备更强的安全边际和逻辑支撑。板块上看好以地产、消费为代表的的顺周期品种。","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=964931","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abad","date":"2023-03-30T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，行业表现分化显著，与人工智能和数字经济相关的计算机、通信以及传媒板块表现突出，而电力设备、金融地产等板块则表现低迷。报告期内，区域发展延续了上期以信创和数字经济为主的持仓结构，根据基本面和市场变化对个股的品种和仓位进行了适当调整，在政策强力推动与巨大的全球科技创新浪潮共振的机遇之下，相关行业仍将有较大上涨空间。","declarationDate":"2023-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.688Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=888183","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abac","date":"2022-12-30T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，随着20大和中央经济工作会议的召开，以及疫情管控的放开，宏观政策的预期逐步明确。A股市场也在10月探底之后逐步企稳向上，金融地产、医药社服等表现相对优秀，以“新办军”为代表的科技板块表现差强人意。报告期内，在反复思考中央对未来发展与安全的高度定位之后，本基金将结构逐步转移至信息安全与自主可控相关的公司，因此错过了11月地产政策集中发力带来的快速反弹。但目前的持仓代表着未来最确定的行业性机会，政策的不断推动有望带动相关公司基本面的强反转。","declarationDate":"2023-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.685Z","mo":"展望2023年，我们面对的宏观环境有所改善。外部流动性紧缩预期有所减弱，内部疫情对经济活动的制约也在渐渐消除。但尽管如此，受到消费能力和消费意愿的抑制，内需的恢复程度仍需要观察，而在地缘政治冲突加剧的背景下，外需对经济的贡献也具有很强的不确定性。从近期的几次重要会议释放的信号来看，中央对经济转型，建立新型举国体制的决心坚定而强烈。大力发展信创和数字经济既是实现科技自立自强的必由之路，也能成为新时期拉动经济的新抓手。因此今年确定性的投资主线应是围绕自主可控以及培养以数字经济为代表的新的经济形态。而消费、金融地产、周期等行业也会在复苏的不同阶段有所表现。","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=863897","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abab","date":"2022-09-29T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，全球宏观环境进一步恶化，美联储加息预期不减反增，同时地缘对抗进一步升级，悲观情绪弥漫全球市场。A股市场在此背景下全面下跌，部分行业甚至磨平了二季度的反弹幅度。成长板块领跌市场，煤炭石化表现相对强势。报告期内，本基金维持二季度地产股的高仓位，在8月迎来了一波显著的反弹。尽管宏观环境复杂，行情难以一蹴而就，但托底力度的持续加大与刺激效果的逐渐显现是相对确定性的趋势。因此本基金将延续目前的持仓结构，直至行业基本面被市场充分反应。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.682Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=805796","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044abaa","date":"2022-06-29T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，A股市场在外紧内松的宏观环境下出现了深V反弹，主要指数在4月份中上旬仍然延续1季度的跌势，但自4月底以来展开了凌厉的反弹。汽车板块在政策的刺激下领涨A股，新能源、军工、半导体、大消费轮番表现，主要指数均收复了年初以来的大部分跌幅。报告期内，本基金对市场风格判断出现偏差，结构上仍延续一季度稳增长方向的配置，错过了四月底以来成长板块的大幅反弹，并产生了明显的负收益。但目前的内外部环境决定了稳增长仍将是今年的主基调，短期在以新能源汽车为代表的成长板块大幅反弹过后，市场风格将趋于均衡，政策友好并有显著估值优势的传统领域或将产生相对收益，因此本基金在季度末大幅加仓地产板块，三季度宏观政策的进一步加码将提供安全边际。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.680Z","mo":"展望2022年下半年，我们认为A股面临的内外部形势更加复杂。从外部看，下半年预计美国经济进一步放缓，尽管紧缩力度会减弱，但全球经济下行压力在加剧。国内方面，疫情仍在反复，动态清零的目标不会动摇，居民面临消费能力和消费信心的双重压制；受海外经济体衰退的影响，出口也将面临逐季下降；制造业受出口、库存约束复苏缓慢。基建和地产端的政策仍需发力，特别是地产的放松可能成为拉动内需的主要动力。","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=786669","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044aba9","date":"2022-03-30T16:00:00.000Z","stockId":3000000001614,"sao":"报告期内，A股市场在国内疫情有所反复、全球主要经济体进入紧缩周期以及地缘冲突等多重利空冲击下，主要指数均大幅调整。以成长股赛道股为代表的创业板跌幅近20%领跌市场。根据wind数据统计，板块方面，TMT，电力设备，军工，食品饮料等跌幅居前，而受益于稳增长政策的金融地产以及煤炭板块表现相对优秀。报告期内，本基金保持高仓位并主要配置于非银金融以及大基建板块，由于券商板块表现低迷，整体表现不佳，并未实现超额收益。在季度末结合中央对稳增长基调的进一步确认，本人对今年的市场风格和方向重新进行了思考，并对持仓进行了反思和调整，希望全年能对投资人交出一份满意的答卷。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.677Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=721914","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044aba8","date":"2021-12-30T16:00:00.000Z","stockId":3000000001614,"sao":"2021年，股票市场内外部环境更为复杂多变，结构化行情特征明显。根据wind数据统计，上证综指收于3639.78点、当年涨幅4.80%，创业板指收于3322.67点、当年涨幅12.02%，沪深300指数收于4940.37点、当年下跌5.20%。根据wind数据统计，从申万一级行业指数表现来看，电力设备、有色金属、煤炭、基础化工、钢铁等行业领涨，涨幅分别为47.86%、40.47%、39.60%、37.19%、34.06%；家用电器、非银金融、房地产、社会服务、食品饮料等行业领跌，跌幅分别为19.54%、17.55%、11.89%、10.27%、6.01%。A股市场整体分化明显，周期板块表现强劲，消费板块走势低迷，科技板块交易活跃、振幅较大。与历史上的几轮周期行情相比，启动于2020年二季度的本轮周期板块行情背后的诱因最为复杂。新冠疫情、政策刺激、经济复苏、供给收缩、主题投资等多重因素共振，产业结构调整由量变引起质变，催化了周期板块十年一遇的大行情。宏观经济持续稳健复苏是本轮周期行情的主导因素。对周期板块而言，经济的稳定复苏意味着需求端的持续向好。本轮周期行情，我们还需要关注一个重要变化，就是供给端增长受限，供需矛盾难以在短期内缓解。不仅新建产能受到限制，现有产能也频频受到环保、限电、疫情等因素冲击。在此背景下，大宗商品价格频频创出历史新高，这也就不难理解煤炭、钢铁、电解铝、磷化工、工业硅等细分行业去年股价涨幅为什么这么高了。碳中和政策在限制钢铁、电解铝、煤化工等高耗能行业的同时，也鼓励大力发展新能源。新能源汽车、半导体、光伏等新兴产业，已为周期行业打开了中长期成长的空间。新能源汽车产业的旺盛需求使得锂电材料行业乘势而起，成为周期板块领涨的另一个重要推力。有色金属行业的镍、钴、锰、锂、稀土、锂电铜箔等，化工行业的磷酸铁、六氟磷酸锂、PVDF、电解液、锂电隔膜、碳纳米管等，十多个锂电材料细分行业，均出现了周期性与成长性共振，量价齐升催化相关公司股价走高。另一方面，越来越来的周期白马也开始切入新兴产业赛道，加快了行业扩产的进度，也给自身寻到了进一步成长的空间。传统周期行业高景气获得的超额利润，几轮周期洗牌获得的技术和管理优势，将有力支撑这些企业拓展新业务。报告期内，我们随市场波动灵活调整了股票仓位，并坚持从基本面出发，寻找景气向上行业中的优秀公司。全年来看，我们持续增持了有色金属、基础化工等周期板块，以及长期成长空间大的新材料板块。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.674Z","mo":"展望2022年，我们认为A股将面临多重考验。海外紧缩周期的开启、地缘政治带来的大宗品价格上涨、国内经济的下行风险以及赛道行业的高估值都是A股调整的潜在因素。但积极的一面是，我国政府对经济形势有充分认识和准备，在二十大召开的关键年份，我们有充足的政策空间和稳增长的信心。我们认为，2022年将是市场进行结构调整的一年，受益于稳增长的由投资拉动的传统行业如建筑建材、交通运输，以及受益于宽货币宽信用的金融地产或成为更重要的主线。另外，大宗商品价格上涨背景下的通胀受益板块如有色金属石油石化等也或将有所表现。过往两三年经历过大幅上涨的泛科技以及泛消费板块中的优质公司在经历调整后有望有估值修复的机会。简而言之，今年的配置就是要坚持以低估值板块为核心，在不同阶段适当加配一些弹性品种。","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=706273","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044aba7","date":"2021-09-29T16:00:00.000Z","stockId":3000000001614,"sao":"今年三季度，A股市场震荡回落。截至9月底，上证综指收于3568.17点、季度跌幅0.64%，沪深300指数收于4866.38点、季度跌幅6.85%，创业板指收于3244.65点、季度跌幅6.69%，科创50指数收于1368.72点、季度跌幅13.82%。从申万一级行业指数表现来看，市场风格极端演绎，结构分化明显，周期板块大涨，消费板块大跌。采掘、公用事业、有色金属、钢铁、化工等行业季度涨幅分别为36.60%、25.20%、23.11%、19.72%、13.70%；医药生物、休闲服务、食品饮料、传媒、家用电器等行业季度跌幅分别为13.68%、13.07%、13.00%、10.88%、10.14%。受到疫情、洪涝灾害、电力供应紧张等诸多不利因素影响，国内宏观经济面临一定压力。9月中采PMI指数为49.6%，降至临界点以下，制造业生产活动和市场需求总体放缓。8月社会消费品零售总额34395亿元、同比增长2.5%，增速环比7月下行6个百分点。1-8月份，全国固定资产投资（不含农户）346913亿元、同比增长8.9%，增速进一步回落。尽管如此，由于供给端受到的冲击更大，大宗商品价格仍在不断创新高，动力煤期货价格突破1500元/吨，WTI原油价格突破80美元/桶，LME铝价格突破3000美元/吨。我们认为，国内经济结构调整仍在进一步深化，股票投资理当顺应这一趋势。四季度我们继续看好以新能源汽车、半导体、光伏为代表的新兴产业，以及受益于产品涨价的传统周期板块。报告期内，我们随市场波动灵活调整了股票仓位，并坚持从基本面出发，寻找景气向上行业中的优秀公司。本季度股票仓位有所提升，重点减持了军工板块股票，增持了半导体板块股票。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.672Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=650808","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044aba6","date":"2021-06-29T16:00:00.000Z","stockId":3000000001614,"sao":"今年上半年，我国经济运行持续稳定恢复，国内生产总值同比增长12.7%。二季度GDP同比增长7.9%，两年平均增长5.5%，比一季度加快0.5个百分点。经济结构持续优化，创新动能持续增强，规模以上高技术制造业增加值两年平均增长13.2%，新能源汽车、工业机器人、集成电路的产量同比都保持了较快增长。全球疫情仍在持续演变，外部不稳定因素依然较多。在此背景下，我国股票市场延续震荡向上趋势。截至6月底，上证综指收于3591.20点、涨幅3.40%，创业板指收于3477.18点、涨幅17.22%。A股市场结构分化明显，周期与科技板块领涨。从申万一级行业指数表现来看，电气设备、钢铁、化工、采掘、有色金属等行业涨幅较大，分别达到23.83%、23.62%、21.46%、17.30%、12.49%；而家电、非银金融、国防军工、房地产、农林牧渔等行业表现较差，半年跌幅分别为15.59%、14.71%、11.50%、9.01%、7.76%。报告期内，我们随市场波动灵活调整了股票仓位，并坚持从基本面出发，寻找景气向上行业中的优秀公司。本期股票仓位小幅下调，重点减持了工业金属、电子等板块股票，增持了半导体、锂电材料等板块股票。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.669Z","mo":"展望下半年，我们认为，受基数效应和出口增速放缓等因素的影响，国内经济增速将有所下降，但是整个经济基本面依然稳健。6月中采PMI新出口订单指数为48.1%，环比回落0.2个百分点，表明制造业国外订货量已开始回落。美欧经济将继续改善，美联储有可能在三季度释放Taper信号，但年内加息概率不大。海外疫情再起波澜，“德尔塔变异毒株”快速蔓延，一定程度上延缓了欧美发达经济体复苏进程。A股市场仍将维持震荡向上格局，以新能源汽车、半导体、光伏为代表的智能制造板块将有超额收益，前期回落幅度较大的工业金属、基础化工等顺周期板块在持续超预期的业绩支撑下有望反弹。","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=627620","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044aba5","stockId":3000000001614,"sao":"今年一季度，A股市场冲高回落。截至3月底，上证综指收于3441.91点、季度跌幅0.90%，沪深300指数收于5048.36点、季度跌幅3.13%，创业板指收于2758.50点、季度跌幅7.00%。国内宏观经济延续复苏态势，但是市场通胀忧虑上升，债券收益率上行，流动性收紧。从申万一级行业指数表现来看，市场风格切换，结构分化明显。钢铁、公用事业、银行、休闲服务、建筑装饰等行业逆势上涨，季度涨幅分别为15.66%、11.50%、10.51%、10.02%、7.60%；国防军工、非银金融、通信、计算机、传媒等行业跌幅较大，季度跌幅分别为19.26%、12.50%、11.42%、9.03%、8.52%。春节过后，前期强势的白酒、光伏、新能源汽车、医药等板块快速回调，而顺周期板块超额收益明显。我们认为，国内宏观经济运行延续了去年二季度以来的稳定恢复的态势。从统计局公布的1-2月份国民经济运行数据来看，主要指标均出现了较高的增长，固定资产投资（不含农户）同比增长35.0%，规模以上工业增加值同比增长35.1%，社会消费品零售总额同比增长33.8%。海外主要经济体在疫苗推广和刺激政策的带动下，复苏进度亦在逐步加快。我国对外出口快速增长，前两个月对东盟出口额同比增长40%以上、对美国出口额同比增长70%以上，外部需求明显改善。本轮调整并非经济下行导致的，更多的是因为抱团股估值偏高、市场结构性调整，叠加外部环境恶化。展望二季度，经济基本面将支撑股票市场震荡走高，顺周期板块盈利持续改善，估值仍处合理区间，极具投资价值。报告期内，我们随市场波动灵活调整了股票仓位，并坚持从基本面出发，寻找景气向上行业中的优秀公司。本季度小幅降低了股票仓位，重点增持了锂电材料等板块股票，减持了电子、电解铝等板块股票。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.666Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=568170","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044aba4","stockId":3000000001614,"sao":"刚刚过去的2020年，股票市场跌宕起伏。新冠疫情的爆发对全球经济活动造成巨大的冲击，主要经济体去年上半年GDP均大幅滑落，大宗商品价格一度暴跌至冰点，负油价的出现就是一个标志性事件。随之而来是史无前例的货币宽松和财政刺激，逐步引导全球经济走出疫情阴影，而新冠肺炎疫苗的成功研发将加速经济的复苏。国内疫情虽最早爆发，但防控措施得力，宏观经济率先复苏。在此背景下，A股市场一季度大跌，二季度以后持续上涨，全年实现了较好的收益，最终上证综指上涨13.87%、沪深300指数上涨27.21%、创业板指上涨64.96%。市场结构分化显著，从申万一级行业指数表现来看，休闲服务、电气设备、食品饮料、国防军工、医药生物等行业领涨，而房地产、通信、建筑装饰、纺织服装、银行等行业逆势下跌。新能源汽车、白酒、光伏、军工等主题板块表现尤其亮眼。我们认为，我国宏观经济率先复苏并持续改善，股票市场作为经济的晴雨表，已经有所体现。顺周期板块直接受益，看好年内股价表现。科技板块长期成长趋势未变，估值重回合理区间，投资价值显现。报告期内，我们随市场波动灵活调整了股票仓位，并坚持从基本面出发，寻找景气向上行业中的优秀公司。下半年以来，我们持续增持了有色金属、化工等顺周期板块，以及长期成长空间大的新材料板块。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.664Z","mo":"展望2021年，我们认为国内宏观经济将延续复苏态势，对A股市场形成有力支撑。根据国家统计局最新披露的数据，2020年我国GDP同比增长2.3%，分季度来看，一季度同比下降6.8%，二季度增长3.2%，三季度增长4.9%，四季度增长6.5%。因为基数效应，预计2021年我国GDP数据或将出现前高后低、增速逐季回落的走势。因经济复苏趋势确定，疫情期间投放的巨量资金将逐步回笼，市场流动性存在收紧的风险，20年下半年以来十年期国债利率上行已现端倪。我们认为，2021年将是牛市第三年，看好上半年尤其是春季行情表现，下半年边际上风险回报比变差。企业盈利改善将是行情上涨的重要推动力，盈利增长的弹性与持续性是我们择股择时的重要考量。明年看好的主要方向：一是顺周期板块大宗商品涨价带来的盈利弹性，细分行业包括有色金属、化工、钢铁、煤炭、农产品等，春季行情期间将有超额收益；二是技术突破、内生增长强劲的新材料领域，细分行业包括军工材料、锂电材料、5G材料、半导体材料、面板材料、医药中间体等，长期表现将更为优异。","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=550225","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044aba3","stockId":3000000001614,"sao":"今年三季度，疫情防控形势趋于稳定，国内宏观经济延续复苏态势，内需继续恢复，制造业出口进一步改善，股票市场进一步回暖。截至三季度末，上证综指收于3218.05点、季度涨幅7.82%，创业板指收于2574.76点、季度涨幅5.60%。从申万一级行业指数表现来看，休闲服务、国防军工、电气设备、汽车、食品饮料等行业表现强势，季度涨幅分别为32.97%、30.11%、26.01%、21.23%、19.34%；而通信、商业贸易、计算机、农林牧渔、银行等行业表现较弱，季度涨幅分别为-8.10%、-3.42%、-3.23%、0.96%、1.68%。TMT板块前期涨幅较大，三季度出现了明显回调。我们认为，全球经济正在逐步走出新冠疫情阴影，我国宏观经济率先复苏并持续改善。股票市场短期震荡加剧，但向上趋势未变。科技板块虽然有所回调，但长期成长趋势未变，估值亦重回合理区间。周期板块将明显受益于国内外经济复苏，看好年内板块股价表现。报告期内，我们随市场波动灵活调整了股票仓位，并坚持从基本面出发，寻找景气向上行业中的优秀公司。本季度我们大幅提升了股票仓位，重点增持了有色金属、电子、新材料等板块股票，减持了银行、交运、地产等板块股票。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.661Z","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=489654","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5ad7fea5b3eb044aba2","stockId":3000000001614,"sao":"2020年上半年全球市场在共同经历了新冠疫情带来的前所未有的冲击后，各国相继展开经济恢复及配套刺激计划，受益于整体流动性充裕，全球市场均在上半年均呈现出了快速下跌后的大幅反弹走势。国内方面疫情控制总体得力，虽然局部地区出现反复，但并不改变未来经济逐季修复趋势。政策方面，货币政策保持宽松，但由于财政缺乏支持，预计整体刺激力度有限，相应也在一定程度上减少了中长期风险。A股市场方面，整体仍然在疫情逻辑下运行，上半年，医药板块上涨40%位居第一，社服行业受免税政策推动上涨30%位居第二，电子上涨24.49%位居第三；但相应的与传统生产经营活动关系密切的行业则受损严重，其中，采掘行业下跌18.62%跌幅第一，银行则受到不良担忧，下跌13.97%跌幅第二，非银下跌11.7%位居第三。本基金延续了对于优质公司以及低估值板块的配置思路，选择中长期市场空间广阔的行业进行持续配置。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:05:49.658Z","mo":"下半年市场的核心矛盾将从对疫情二次爆发的担心逐步转向复苏弹性，宽信用的货币政策取向以及资本市场改革的政策导向，叠加企业盈利增速的逐步向上，将为A股市带来较好的中期回报。预计下半年国内经济将从“疫后修复”转为全面复苏，根据历史经验，第三产业通常滞后第二产业一个季度左右复苏，结合国内情况预计三季度消费服务行业将如期回升，而需求端的复苏也将带动下半年增速快速回升至潜在增速之上。看好周期敏感型行业如地产、化工、可选消费等在下半年市场中的表现。","fund":{"_id":3000000001614,"stockCode":"001614","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-07-21T16:00:00.000Z","setUpScale":250934000,"market":"a","tickerId":1614,"custody":"中国工商银行股份有限公司","name":"东方区域发展混合型证券投资基金","shortName":"东方区域发展混合(001614)","fundSecondLevel":"hybrid","__csrcFundId":734,"fundStatus":"normal","lastUpdated":"2026-04-30T18:05:55.754Z","masterFundFlag":1,"inceptionDate":"2016-09-06T16:00:00.000Z","fundCollectionId":4000050390000,"currency":"CNY","masterFundShortName":"东方区域发展混合","pinyin":"dfqyfzhhxzqtzjj","managers":[{"stockCode":"db20765923","stockType":"fund_manager","exchange":"fm","tickerId":261925201740,"name":"周思越"}]},"announcement":{"linkText":"东方区域发展混合型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=457724","linkType":"PDF","source":"csrc_pdf"}}]}