window.pageData = {"stock":{"_id":3000000006191,"stockCode":"006191","shortName":"华夏鼎通债券A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50030000","tickerId":50030000,"name":"华夏基金管理有限公司"},"managers":[{"name":"吴彬","stockType":"fund_manager","stockCode":"db20787019","exchange":"fm","tickerId":2302210520}],"hotMetrics":{"fss":{"stockId":3000000006191,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.9983,"f_ins_h_s_r_c_hy":-0.0009000000000000119,"f_ins_h_s_r_c_1y":-0.0012000000000000899,"f_ind_h_s_r":0.0017000000000000001,"f_ind_h_s_r_c_hy":0.0009000000000000001,"f_ind_h_s_r_c_1y":0.0012000000000000001,"f_h_a":481,"f_h_s_a":27699973,"last_data_date":"2025-06-29T16:00:00.000Z"},"fpr":{"stockId":3000000006191,"type":"fpr","f_p_r_fys_ssc":7460,"f_p_r_fys_ssrp":0.45569111140903606,"f_p_r_m1_ssc":7589,"f_p_r_m1_ssrp":0.3811280969952557,"f_p_r_m3_ssc":7502,"f_p_r_m3_ssrp":0.4340754566057859,"f_p_r_m6_ssc":7314,"f_p_r_m6_ssrp":0.5904553534801039,"f_p_r_y1_ssc":6833,"f_p_r_y1_ssrp":0.7773711943793911,"f_p_r_y2_ssc":5896,"f_p_r_y2_ssrp":0.2863443596268024,"f_p_r_y3_ssc":4903,"f_p_r_y3_ssrp":0.2651978784169727,"f_p_r_y5_ssc":3307,"f_p_r_y5_ssrp":0.24773139745916514,"f_cagr_p_r_fs_ssc":7284,"f_cagr_p_r_fs_ssrp":0.2336949059453522},"fp":{"stockId":3000000006191,"type":"fp","f_p_r_fys":0.01148786362794163,"f_p_r_m1":0.0031238515251745813,"f_p_r_m3":0.007102665805737374,"f_p_r_m6":0.010458121240166651,"f_p_r_y1":0.01280148423005567,"f_p_r_y3":0.10972970820425432,"f_cagr_p_r_fs":0.03794788583479547,"f_p_r_d1":-0.0006427325314479759,"f_p_r_y2":0.06483971358592444,"f_p_r_y5":0.19694477199271487,"last_data_date":"2026-05-10T16:00:00.000Z"},"ff":{"stockId":3000000006191,"type":"ff","f_m_f":10050312,"f_m_f_r":0.003,"f_c_f":3350104,"f_c_f_r":0.001,"f_m_a_c_f":13400416,"f_m_a_c_f_r":0.004,"f_m_c_f_d":"2024-06-29T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2025-06-29T16:00:00.000Z","f_m_fr":0.003,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000006191,"type":"f_nlacan","f_nv_d":"2026-05-10T16:00:00.000Z","f_nv":1.0918,"f_nv_cr":0.0006415543946478586},"f_as":{"stockId":3000000006191,"type":"f_as","f_tas":6155963828.9568,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000006192,"name":"华夏鼎通债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"006192","tickerId":6192,"shortName":"华夏鼎通债券C","__csrcFundId":5634,"lastUpdated":"2025-01-04T00:31:58.016Z","exchange":"jj","inceptionDate":"2018-10-22T16:00:00.000Z","followedNum":1,"fundCollectionId":4000050030000,"currency":"CNY","status":"normal","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"hxdtzqxzqtzjj"}],"bondHoldings":[{"_id":"69e8f9681398d79843000970","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006191,"stockCode":"250220","stockName":"25国开20","holdings":5200000,"marketCap":521537347,"netValueRatio":0.0847,"lastUpdated":"2026-04-22T16:38:00.835Z"},{"_id":"69e8f9681398d79843000971","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006191,"stockCode":"220215","stockName":"22国开15","holdings":4500000,"marketCap":491148739,"netValueRatio":0.0798,"lastUpdated":"2026-04-22T16:38:00.840Z"},{"_id":"69e8f9681398d79843000972","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006191,"stockCode":"220210","stockName":"22国开10","holdings":3300000,"marketCap":362566208,"netValueRatio":0.0589,"lastUpdated":"2026-04-22T16:38:00.843Z"},{"_id":"69e8f9681398d79843000973","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006191,"stockCode":"2420021","stockName":"24南京银行01","holdings":3300000,"marketCap":338834307,"netValueRatio":0.055,"lastUpdated":"2026-04-22T16:38:00.849Z"},{"_id":"69e8f9681398d79843000974","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006191,"stockCode":"212480009","stockName":"24上海银行债01","holdings":3200000,"marketCap":329972076,"netValueRatio":0.0536,"lastUpdated":"2026-04-22T16:38:00.853Z"}]},"list":[{"_id":"69e8eabc1398d79843fe8a9f","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000006191,"sao":"开年以来宏观基本面保持平稳，财政靠前发力支撑中长期融资需求，一定程度上对冲了居民部门的信用收缩，使得市场交易主线暂时不在基本面。年初以来市场主要在交易宽松的资金面和信用利差压缩。得益于央行有意识地压降银行负债成本和强劲的结汇资金补充流动性，开年以来资金利率一直保持在低位，且波动率持续收敛，shibor3M、shibor1年持续走低，曲线牛陡。同时，因存款分流搬家至理财、基金等非银机构，信用利差持续压缩。一季度，本基金保持中性偏低的杠杆和偏高久期。","lastUpdated":"2026-04-22T15:35:24.210Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1480085","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d3d","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000006191,"sao":"四季度，宏观经济表现稳中略弱，结构分化，传统投资部门延续疲弱表现、信用扩张乏力，新兴产业热度保持、欣欣向荣。地产成交继续以价换量，情绪不高；消费增速有所走弱，需求一般。政府消费和投资端在发债高峰过去后有所下行。债券市场表现依然不佳，央行买债重启但维持微量，人民币汇率偏强、风险情绪维持高位。三个季度的偏弱债市表现，使得债基投资收益太低，持有人出于业务调整的压力，持续收缩不经济的业务，主动纯债和场外指数债基均有持续的赎回压力，直到年底。整体来看，市场维持弱势，期限利差和品种利差明显走阔。报告期内，本基金保持了适当的杠杆和久期水平，根据当前的市场情况调整基金状态略偏防御。","lastUpdated":"2026-03-09T13:21:53.874Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1454249","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d3c","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000006191,"sao":"三季度，宏观经济整体保持平稳，但部分内需指标相对于上半年略有降温。房地产市场情绪较为一般，二手房成交价格趋弱；消费增速相对于过去三个季度有所下行；但政府消费和投资端随着政府债的快速发行保持平稳，地方政府化债有序进行。债券市场，稳中略趋弱的基本面表现没有成为市场的主要驱动力，对市场影响更大的体现为两点：一个是反内卷和科技强国提振下的风险偏好显著提升，资本市场表现如火如荼，对债市情绪和资金端两方面构成利空；另一方面，基金降费三步走的最后一步，赎回费新规对债券基金业态可能构成的冲击影响了市场信心，表外转表内的担忧导致市场情绪持续偏弱。整体来看，三季度市场表现较为弱势，各品种的利差走阔明显。报告期内，本基金保持了适当的杠杆和久期水平，根据当前的市场情况，调整基金状态略偏防御。","lastUpdated":"2026-03-09T13:21:53.871Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1379319","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d3b","date":"2025-06-29T16:00:00.000Z","stockId":3000000006191,"sao":"上半年，宏观经济基本面表现整体稳健，924后的宏观政策发力带来了持续三个季度的经济动能环比改善。具体来说，地方政府债务置换的进一步铺开有力缓解了金融体系较大的债务和资产负债表压力，投资链条去年的快速下滑转为平稳；消费补贴政策的持续发力带来商品消费增速的显著上行；叠加贸易冲突下抢出口的超预期表现，上半年经济增速高于全年目标，也显著高于去年下半年。在此背景下，尽管有贸易冲突的阶段性事件冲击，风险情绪还是得到了明显提振，股票、汇率、商品表现均不弱，债券市场走出震荡走势。信用债在有利的供需格局下表现略强，期限利差和等级利差压缩；利率债表现一般，收益率曲线平坦化，中短端整体上行，长端先上后下，整体震荡。报告期内，本基金保持了适当的杠杆和久期水平，根据阶段性的市场情况进行了一定的波段操作。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.868Z","mo":"上半年较高的增速也为全年完成经济目标奠定了较好的基础，下半年出台刺激政策的必要性大为降低，政策重心阶段性从稳增长向调结构反内卷防风险等其他问题切换的概率更高。经济动能边际趋弱概率上升，债市面临的基本面环境略有改善，但预计驱动力仍较为有限，债市难以显著走出趋势行情，震荡概率更高。预计下半年组合仍将保持较为稳健的久期和杠杆水平，在收益率明显上行中择机提高组合进攻性。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1347501","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d3a","date":"2025-03-30T16:00:00.000Z","stockId":3000000006191,"sao":"一季度，宏观经济整体保持稳定，926后市场信心有所改善，预期相对稳定，经济动能环比4季度稳中略强。债券市场走势主要由债务置换集中进行带来的“伪资产荒”和央行防风险所驱动。具体来看，从2024年12月开始的债务集中置换，带来了机构整体营收和利润的压力，扩表增收驱动了债券收益率从12月到春节前的显著平坦化下行；春节以后，央行阶段性提高了防风险的关注度，资金利率显著抬升，同业存单利率上行并超过政策利率，债市曲线极度平坦化，最终导致曲线平坦化上行，一季度整体债市表现不佳。报告期内，本基金适当降低了杠杆和久期水平，根据阶段性的市场情况，进行了一定的波段操作。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.865Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1271776","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d39","date":"2024-12-30T16:00:00.000Z","stockId":3000000006191,"sao":"2024年国内外宏观经济主线延续了2023年的逻辑，并再度成为大类资产定价的主导驱动因素。从国际层面来看，美国经济软着陆甚至不着陆的强劲表现，叠加通胀较强的韧性，限制了美联储降息空间和后续展望，同时也支撑了美元指数偏强的走势。国内层面，始于2021年的地产下行周期仍然成为经济整体宏观数据和市场参与主体微观感受的重要拖累力量。尽管在924后，经济政策重大转向并对后续经济表现构成较大提振，带来全年经济增长达到预期目标的成果，但偏弱的预期和相对温和的经济体感依然构成了债券市场偏强的支撑因素。四季度开始尽管经济基本面有所改善，但大量置换债带来的银行资产负债表和收益表的压力，强化了年初开始就存在的资产荒格局，无风险的利率债再次被追逐。全年债市利率中枢下行明显，收益率曲线平坦化，各类信用利差大幅压缩。报告期内，本基金持仓相对积极，并于年内市场波动时点积极防守，努力获取债市上涨收益。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.862Z","mo":"2025年政策转向余温尚存，周期下行的跌势趋缓，整体内需面临的压力可能相对于2024年有所减弱。财政政策的储备相对较足，市场预期也有所好转，走出通缩的概率明显上升。全年来看债市预计保持震荡走势，显著的上行下行空间都较为有限。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1251030","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d38","date":"2024-09-29T16:00:00.000Z","stockId":3000000006191,"sao":"三季度，基本面数据体现一定的走弱迹象，投资链条保持相对弱势，新开工项目投资增速继续下滑；居民部门信贷增长乏力，上半年相对稳定的消费增速，在6月开始略有走弱，内需不足的矛盾进一步突出，风险偏好继续回落，债券收益率走出了一轮平坦化下行。9月下旬，宏观政策转向明显，逆周期政策开始发力，降低存量房贷利率、降息等重磅政策推出，财政加码预期升温，助推风险偏好快速上行，债券收益率走出了一轮熊陡。全季来看，利率债先下后上，整体小幅下行；信用债由于季末赎回影响，相较季初水平明显上行。    报告期内，本基金保持了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.859Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1175548","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d37","date":"2024-06-29T16:00:00.000Z","stockId":3000000006191,"sao":"2024年上半年，国内经济整体运行平稳，二季度以来出现小幅走弱迹象。海外方面，经历了美国通胀保持韧性至边际走弱，年内降息预期开始升温、确定性增强，但在经济、消费数据依旧强劲背景下，降息幅度与次数仍有待观察。国内经济一季度环比去年平稳、二季度小幅边际走弱，经济的内生结构出现分化，呈现生产强、需求弱，外需强、内需弱的特征，随着政府债发行进度与相应的投资实物工作量不及预期、消费需求在一季度冲高后开始回落、出口在外部环境变化带来的不利影响与压力增加背景下，逆周期政策持续发力，货币政策通过降准降息营造了平稳宽松的流动性环境。同时在金融市场层面，在信贷需求的持续偏弱与禁止手工补息带来的金融脱媒影响下，广谱利率延续了下行趋势，并加剧了债市的资产荒与机构行为的一致性。在平稳宽松的流动性环境下，宏微观的共振走弱与广谱利率的下行牵引，引发收益率曲线全线下行，利差压缩。报告期内，组合保持了相对积极的杠杆和久期水平，有效获取了债市上涨的收益。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.857Z","mo":"展望下半年，在坚定不移完成全年经济社会发展目标任务下，宏观政策仍要保持发力，结合财政政策留有余力并用好本年的财政预算，下半年国内经济有望企稳，相较二季度或呈现温和反弹。随着美国通胀与就业数据的回落，在下半年有望开启降息的背景下，国内货币政策的空间也将随之增大，仍将保持合理充裕的流动性环境。下半年债市收益率或将呈现低位区间震荡，本基金将合理运用杠杆策略，维持中性偏高的久期。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1144559","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d36","date":"2024-03-30T16:00:00.000Z","stockId":3000000006191,"sao":"一季度，国内经济走势整体环比平稳，月度高频测算的总量增速与去年四季度实际增速较为接近；但结构分化进一步加大，转型加速期中，传统动能延续下滑且速率并无明显收窄，新兴动能对总量贡献上升，但市场关注度仍待加强。金融市场一季度波动较大，主线逻辑延续了2023年，且随着旧经济动能的放缓，市场认知进一步强化。权益市场在惯性下跌中引发了一定程度上的流动性问题，加剧了资产价格波动，政策介入平息流动性潜在危机，市场情绪得到了修复。债券市场走牛明显，基于对潜在增速的下修，以及对后续经济波动弹性的下调，市场对偏长久期品种更为追捧，同时当前的经济总量增速仍在政策容忍区间，货币政策尚无意突破汇率及空转的掣肘，银行间流动性量价保持了平稳，收益率曲线中短端受益有限。政策定力十足和市场预期偏弱之间的反差，带来收益率曲线明显平坦化。报告期内，组合维持了相对稳健的持仓，并于年初提升了组合久期和杠杆水平，努力获取债市上涨收益","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.854Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1067196","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d35","date":"2023-12-30T16:00:00.000Z","stockId":3000000006191,"sao":"2023年整体国内外宏观经济表现与市场参与者此前预期形成了不小偏离，宏观因素成为了全年主要大类资产（尤其是人民币计价资产）的主导驱动因素。从国际层面来看，美国通胀和经济景气韧性一再超出市场预期，使得联储的加息幅度和加息周期强于市场参与者预期，美元强势，美股受到追捧；国内层面，疫后的经济走势没有如市场预期走出强势复苏表现，始于2021年的地产下行周期构成了经济整体宏观数据，尤其是市场参与者微观感受的主要拖累力量。但客观来看，2023年整体的经济读数并不能算弱，5.2%的GDP增速以及经济中非传统投资类的平稳表现依然表明中国经济的韧性和稳定性；名义增长中的价格因素以及投资部门尤其是地产部门的羸弱表现带来了弱势的微观感受，同时也对各资产价格产生了较为明显的影响。人民币汇率在强美元周期下偏弱，全年权益资产尤其是周期相关度高的上证50、沪深300等表现较弱，债券收益率下行且各类利差大幅压缩。报告期内，组合持仓相对积极，并于年内市场波动时点积极防守，努力获取债市上涨收益。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.851Z","mo":"2024年经济增长整体面临的挑战要更大一些，基数效应消退后，同样的经济读数面临的困难要明显高于2023年。不利的因素例如地产下行周期和偏弱的预期暂时趋势仍然有待扭转；但同时也应该看到，消费及三产的表现并没有因为预期的走弱而明显走弱，中国经济的海洋足够宽广深邃，整体的稳定性和韧性不宜低估，且党中央为今年的经济增长进行了一定的政策、项目以及资金的储备，2023年的特别国债资金、2024年可能的特别国债，PSL的灵活加码都为经济运行提供了一定安全垫。全年来看债市预计保持震荡偏强，但市场预期极度悲观时，可能也需要保持一定的清醒和谨慎。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1049042","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d34","date":"2023-09-29T16:00:00.000Z","stockId":3000000006191,"sao":"7月的政治局会议政策表态整体积极，叠加PMI、部分城市地产销售等数据有小幅回暖迹象，3季度市场开始交易 “政策底”，抢跑“基本面底”,“N”型复苏认知被较多市场参与者接受。与此同时，自8月开始，地方债、国债的发行节奏也有所加快，配合地产政策陆续松动、信贷力度加码、一线城市陆续放开“认房不认贷”等，资金面也出现收敛，以DR007为衡量指标，9月月均值相比7月和8月有所提升。海外方面，三季度，海外通胀虽有下降但核心通胀依然较为坚挺，以美联储为代表的海外央行当下以控制通胀为主要目标，并在三季度继续加息，直接推升了海外债券利率的上行。在上述因素的共同影响下，虽然债券收益率在8月15日央行降息后迎来了短暂下行，但趋势上整体呈现上行态势，曲线形态走平。信用债方面，在理财季末回表和赎回因素的共同影响下，表现弱于利率，信用利差有所走阔。但从自上而下的大类资产配置角度来看，3季度主导股债汇商各类资产的主要共同驱动力在于美元的二次冲高，人民币汇率承压，资金流出压力加大，各类人民币计价资产系统性受到负贝塔拖累；在此基础上，不同资产本身的基本面对应不同的阿尔法叠加负贝塔后，形成了不同的表现。报告期内，组合降低了债券久期和杠杆水平，以期控制回撤表现。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.848Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=986437","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d33","date":"2023-06-29T16:00:00.000Z","stockId":3000000006191,"sao":"2023年作为疫后复苏第一年，整体经济运行节奏和债券市场表现较为超预期。海外经济体货币收紧进程持续，幅度和持续时间高于年初估计，通胀韧性偏高但曙光已现；虽然建筑链条和工业受到持续加息影响表现一般，但服务业和就业状况韧性十足，发达经济体增长端受货币收紧的影响整体可控，风险事件频发但未大面积扩散；暂时来看，加息控通胀取得一定效果，且对经济和金融稳定的影响，低于市场预期。国内方面，在“宏观政策适度靠前发力”叠加疫后需求一次性释放的影响下，一季度经济表现可谓强势开局，两年复合增速高于今年的经济增长目标，取得了较好开局，也一度引发市场对复苏甚至通胀的一定预期；二季度随着部分需求回归潜在水平，宏观政策合理控制节奏，二季度需求端环比有较快下滑，部分投资者线性外推对年内经济产生衰退甚至通缩的担忧。为了保持宏观经济增长基本稳定，货币政策动作频频，保持流动性合理充裕的同时，进一步降低社融增量和存量融资成本。债券市场表现较好，年化收益率大幅高于去年，固收类资产取得相对不错的收益水平。报告期内，组合保持了相对偏积极的杠杆和久期水平，抓住了阶段的债券市场机会。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.846Z","mo":"展望下半年，宏观政策重心重回逆周期调节，财政预算后置下，三四季度的经济表现较二季度明显改善是大概率事件，经济增长预计回归潜在增速附近，保持平稳。债市显著的资本利得机会相较于上半年可能收窄，但票息和杠杆策略依然有效，组合操作上将维持一定的杠杆和中性偏高的久期，采取积极的票息策略为宜。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=957629","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d32","date":"2023-03-30T16:00:00.000Z","stockId":3000000006191,"sao":"一季度，海外发达经济体基本面表现相对平稳，衰退迹象尚未出现，欧美央行加息继续，金融市场脆弱性有所体现，银行业危机苗头初露。国内经济恢复势头较好，疫情政策调整后的过峰快于预期，基本面受到的冲击不大；社融信贷超出市场预期，工业生产复工进度较好，消费需求恢复一般。一季度信贷投放节奏靠前，基础货币消耗较快，银行间流动性有所收敛，同业利率抬升，逐步向政策利率靠拢。受此影响，利率债收益率曲线整体平坦化上行，中短端下跌，长端震荡；信用债在理财赎回压力缓解后表现偏强，收益率整体下行。报告期内，组合保持了中等偏低的杠杆水平，并利用中短端利率债进行了一定波段操作。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.843Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=881150","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d31","date":"2022-12-30T16:00:00.000Z","stockId":3000000006191,"sao":"2022年，欧美发达经济体率先进入后疫情时代，大额的财政刺激带来消费需求的快速反弹，同时在供给端受制影响下，通胀大幅上行；货币政策持续趋鹰对抗通胀上行，利率上行，风险资产显著受挫。国内方面，受疫情、地产链等因素影响，国内经济表现整体受到压制，财政支出加快托底经济。但在房住不炒、地方政府严格限制新增隐债的框架约束下，内需向上的弹性较小，信贷脉冲主要跟随财政发力的节奏（专项债前置发行使用、调增政策性银行信贷额度等），居民部门信贷持续走弱，前三季度利率整体上震荡下行，受益于理财规模的扩张，信用利差持续压缩；四季度后，货币市场利率向政策利率靠拢，理财净值收缩引发赎回负反馈，债券市场急速反转，波动较大。报告期内，本基金对债券资产配置了合理的仓位和久期，根据市场情况进行一定的波段操作。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.840Z","mo":"展望2023年，在防疫措施大幅优化，政策对地产、平台经济等行业的态度也发生了积极转变后，经济回到中期的趋势可期，弱复苏局面应当是大概率事件。但从经济工作会议、地方两会等政策表态来看，追求高质量发展、构建新发展格局的政策精神不变，对财政可持续的要求并未放松，房住不炒的坚持没有变，是有节制的稳增长。扩大内需方面强调有收入支撑的消费需求、有合理回报的投资需求、有本金和债务约束的金融需求，宏观政策上出台强刺激的可能性较低。货币政策方面，通胀目前不构成掣肘，海外央行加息尚未结束，国内货币政策的发力点可能还是结构性的货币政策工具为主。组合将维持底仓久期中性，同时关注市场复苏交易和刺激预期波动后的长端利率债的交易机会。","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=867096","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d30","date":"2022-09-29T16:00:00.000Z","stockId":3000000006191,"sao":"三季度，国际局势不安因素有所增加，发达经济体通胀韧性超预期，欧美央行鹰派态度升温，远期联邦基金利率抬升，持续时长更长。美元指数进一步上行，美债利率走高，在此背景下，全球金融资产承压，负贝塔效应明显。各类资产最终表现，取决于负贝塔和其本身基本面的叠加。国内方面，疫情波折不短，地产短贷风波拖累销售表现迟迟难见改善，广义财政发力力度不减，但整体来看，内需仍然相对疲弱。在基本面相对利好支撑下，尽管汇率承压，资金流出担忧不减，但在国内政策呵护下，债券市场仍然有所上涨。信用债表现较好，易涨难跌，季度超额收益明显，利率品种曲线平坦化下行，1年内货币市场利率限制了中短端收益下行空间。报告期内，组合维持了偏中性的组合配置，中性久期、中性偏高杠杆水平，阶段性参与了疫情带来交易性机会。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.838Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=803419","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d2f","date":"2022-06-29T16:00:00.000Z","stockId":3000000006191,"sao":"上半年，全球整体仍处于疫后恢复期，增长高点已过但下行较慢，俄乌冲突、供应链重塑为过去积累的货币放松带来的经济通胀隐患火上浇油；发达市场货币政策面临着降通胀和防衰退的走钢丝境地，金融市场交易围绕着“紧缩交易”和“衰退交易”两条主线，整体表现股债均弱，美元走强，商品强势。国内方面，宏观政策转向稳增长保内需，但疫情的再度冲击打乱宏观政策和经济本身的节奏，财政支出力度较强，但面临着缺口不低的隐患；地产政策因城施策放松不止，销售恢复较为缓慢，地产主体危机难言结束，再次拿地扩张动力疲弱，对经济整体拖累仍将持续。货币政策中性偏松，金融市场流动性较为充裕，短端货币市场利率下行明显，但受到2020年教训，债市对3年以上品种始终保持了相对谨慎态度，收益率曲线较年初陡峭化下行，3年以上基本维持；债市波动较小，杠杆票息占优。报告期内，组合维持了偏中性的组合配置，中性久期、中性偏高杠杆水平，阶段性参与了疫情带来交易性机会。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.835Z","mo":"展望下半年，外围通胀降温缓慢，货币收紧持续，经济增长端压力更甚，欧日美可能相继进入经济增速快速回落期，全球经济面临进一步压力。国内逐步走出奥密克戎影响，整体仍处于修复阶段，经济增速上行确定；但也需要看到出口、地产的持续压力，财政端受制于中期防风险政策定力，也面临一定的预算缺口，整体对经济的拉动作用恐怕有限；经济政策主要的着力点在于稳就业、稳物价。财政政策预计以落实前期政策效果为主，货币政策维持合理充裕略偏多，债市风险有限，震荡略偏多。预计组合仍会以偏积极心态应对下半年市场，保持一定的杠杆水平，中性偏高久期，并将密切关注长端利率债的交易性机会。珍惜基金份额持有人的每一分投资和每一份信任，本基金将奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"125华夏鼎通债券型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=781627","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d2e","date":"2022-03-30T16:00:00.000Z","stockId":3000000006191,"sao":"一季度，国外宏观驱动因素较为复杂，俄乌战争加大了国际关系复杂性，也为原本就高企的通胀预期火上浇油；欧美央行采取了更加鹰派的姿态强压通胀预期，联储年内加息预期飙升至8次以上，受此影响，股债汇商波动较大。国内方面，宏观政策的发力如期而至，货币宽松降准降息先行，财政政策带动基建投资反弹明显，但地产政策在房住不炒的底线下，因城施策带来的改观尚不明显、仍需观察。债券收益率先下后上，以春节为分水岭，节前宽货币兑现收益率陡峭化下行，节后宽信用发酵，收益率平坦化上行；整体来看，年初以来各债券指数表现不佳，收益率低于静态贡献，表现出了震荡偏熊的特征。报告期内，组合维持了偏中性的组合配置，中性久期、中性偏高杠杆水平，收益率上行的资本利损对票息产生一定侵蚀。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.832Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=722265","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d2d","date":"2021-12-30T16:00:00.000Z","stockId":3000000006191,"sao":"2021年经济表现整体稳中趋弱，高于年初政策目标，疫情恢复期全球对中国依赖持续，稳增长压力处在偏小窗口期。经济结构上看，外需偏强，内需较弱；政策上看，宏观政策相对保守，货币平、财政紧、产业政策紧，广义财政支出增速不及预期，地产去周期控风险政策执行较严，短期压制明显。总结来看，2021年宏观格局相对简单，节奏单一，且对全年市场的主导逻辑没有发生变化。从市场表现来看，宏观政策紧带来的内需弱主导了市场，债市全年慢牛。分资产类别看，银行资本补充工具成为表现最佳资产，长久期债券指数战胜了更短久期的信用债指数。全年行情大致分为两个部分，7月以前，由于社融增速的快速下滑，带来了衰退式宽松，收益率平行下行15bp左右，7月以后，经济在供给制约、疫情和需求减弱三重夹击下，下行压力加大，政策全面转向稳增长，降准、LPR降息相继落地，收益率曲线平坦化下行。报告期内，组合久期保持了中性偏高水平，有效获得了可观的固收收益。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.830Z","mo":"展望2022年，宏观数据的基数扰动仍然明显，在剔除掉基数效应后，出口回落确定性较强、投资大概率底部温和修复、消费“耐克型”修复。节奏上，当前经济整体处于“底部已现、静待反弹”的阶段，预计上半年经济阶段性复苏的概率较大。考虑到在现有的政策导向下，财政和地产总量层面加码空间有限，更多是纠偏及节奏前置，这意味着全年来看经济增长动能有限，预计下半年基本面又会重新转弱。主要的不确定性在于，稳增长诉求下，下半年地产调控政策是否会进一步松动。通胀层面，CPI持续回升、PPI快速下行，整体来看，暂时不会构成货币政策的掣肘。综上，预计2022年整体收益率走势可能会类似倒N型，全年利率债机会相对有限，组合将维持底仓久期中性，关注长端利率债的交易机会。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=711402","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d2c","date":"2021-09-29T16:00:00.000Z","stockId":3000000006191,"sao":"三季度，内需在国内偏紧的财政及地产政策影响下压力显现，叠加delta病毒对消费需求压制，能耗双控也一定影响到工业生产，尽管外需保持相对强劲，但整体经济下行压力相对于上半年有所加大，7月份政治局会议中，也并未再强调“当前处于稳增长压力较小的窗口期”。货币政策体现了一定前瞻性，及时预判应对，7月份全面降准释放流动性对冲，扭转了上半年以来市场一直存在的“不急转弯”预期，并让市场对经济下行、货币放松形成了相对一致的预期判断。在此基础上，上半年债券市场慢牛格局有所加速，7月份国债期货大幅走牛，收益率曲线陡峭化下行；8月、9月市场整体回归震荡，短端利率对较为强烈的放松预期有所修正。报告期内，组合保持了相对积极的进攻姿态，中高杠杆、中长久期，有效获得了票息及资本利得收益。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.827Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=652636","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d2b","date":"2021-06-29T16:00:00.000Z","stockId":3000000006191,"sao":"上半年，整体政策和基本面保持相对平稳，国内外经济运行趋势无明显变化，市场对债市运行主线逻辑存在分歧和讨论。但从市场运行分析来看，财政后置也许是上半年国内债市运行核心逻辑。具体来看 ，经济运行高位平稳，外需强劲，拉动国内工业生产和就业；逆周期调节政策收敛，广义财政支出增速下降，地产调控力度不减。内需高位下行，基建投资偏弱，地产新开工转负，螺纹、水泥表观需求疲弱。对应到金融层面，利率债供给节奏较慢，地方专项债发行较少，对应项目信贷需求不振，实体融资需求收缩，导致社融增速回落的背景下，金融市场冗余流动性未见收紧，有效支持了债券、股票、商品的资产价格，形成了普涨的格局。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.824Z","mo":"展望下半年，与其关注美联储操作表态、国内债券供给情况亦或是微观交易结构，可能不如更多的去关注财政后置能否得到验证。上半年偏紧的财政为下半年预留了充足的发力空间和潜力，但中期财政纪律的规范、地产杠杆的严控又对短期财政和建筑业发力带动内需构成掣肘，两相博弈的最后结果，可能才是构成下半年债市运行的主导因素。当前偏牛的格局可以参与，但需关注财政进展，警惕反转的可能。报告期内，组合保持了偏积极姿态，中高杠杆，中长久期，有效获得了票息及资本利得收益。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=631797","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d2a","stockId":3000000006191,"sao":"一季度，随着疫苗接种按部就班进行，疫情对世界经济的影响进一步消退。全球经济增长预期进一步上行，欧美经济体针对疫情进行的货币宽松政策退出预期发酵，美元指数走强，新兴市场货币压力增大，陆续进入加息周期。大宗商品需求改善预期较高，供给端暂时受制于疫情和产能刚性压制，价格快速上涨；美债及欧债收益率快速攀升，直逼甚至超过疫情前水平，QE taper的担忧始终高悬，全球股指波动加大。反观国内，提前控制疫情开启复工复产的中国经济政策走势，领先全球半个身位，同时我们的宏观政策更注重跨周期调节和可持续性，在疫情受控后陆续退出和降低刺激政策力度，四季度内需达到阶段性高点超出潜在增速后，一季度小幅回落；同时海外经济上行带动我国出口保持强劲，整体经济走势生产大于需求，经济热度保持高位。货币政策端，天枰从稳增长向防风险倾斜，稳宏观杠杆率成为更重要的追求，信贷社融增速高位回落，银行间资金利率波动加大，债券市场一季度经历了较大的波动，整体收益一般；其中信用债表现优于利率债，地方债表现优于国债和政金债。报告期内，本基金在维持基本久期的同时，降低了杠杆水平和进攻仓位。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.821Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"105华夏鼎通债券型证券投资基金2021年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=571029","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d29","stockId":3000000006191,"sao":"2020年上半年，全球经济在疫情冲击下深V运行，货币放松叠加财政刺激计划层出不穷，金融市场大幅波动，大类资产走势轮动较快。具体而言，疫情传播对不同经济体影响先后顺序不同，国内在一季度GDP大幅下行后，货币发力叠加财政托底，社融增速回升，投资链条改善显著，非物理隔离消费需求接近正常水平，出口保持相对韧性，中国经济二季度出现了快速反弹，复工复产进度领先；货币政策及时调整，退出一季度非常态操作。受此影响，上半年国内经济、政策、金融市场走出了一个压缩版本经济周期的走势，债券市场牛熊急速切换，整体赚钱效应偏弱。欧美在疫情冲击后，纷纷推出史无前例的纾困和刺激复兴计划，有效缓解金融市场流动性困境的同时，提振了风险资产情绪和估值，表现为股、债、商同涨格局。下半年表现为基本面驱动弱化，货币政策和流动性驱动大类资产走势的震荡格局。市场参与者对经济上行预期相对充分，对货币政策态度关注成为市场核心博弈点。体现为各类资产对宏观经济数据反应相对钝化，对货币政策官员表态和操作反应较为敏感。但在党中央整体不急转弯的基调下，货币政策整体保持稳定，市场预期的摇摆带来了资产价格的上下波动。债券收益率在11月中之前震荡上行，11月下旬开始随着永煤事件冲击流动性趋于宽松，收益率快速下行。报告期内，本基金跟随国内债券市场的牛熊步伐，一季度适当拉长久期获取收益，4、5月陆续降低久期进入防守姿态。下半年整体维持中性久期，跟随市场预期稍有调整。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.818Z","mo":"展望2021年，全球从疫情后逐步恢复格局确定，货币大放水预期消退，但不急转弯应是各国共识。债券市场波动大概率要低于2020年，收益率水平进入上下有界的区间波动行情，组合整体将保持中性久期，结合市场情绪波动适度做波段交易。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"132华夏鼎通债券型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=555990","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d28","stockId":3000000006191,"sao":"三季度，海外疫情进一步发酵，美国、欧洲部分国家疫情相继迎来二次上行，印度巴西等新兴经济体疫情恶化，但整体而言对经济影响逐步减弱；全球经济从一季度深度下行中进一步恢复；美元指数先下后上，人民币汇率整体偏强；风险情绪在三季度中后期稍有走弱，大宗商品价格下行，欧美及国内股市震荡偏弱。国内政策面，货币政策延续了稳健中性的基调，超储率保持在相对偏低的水平，银行间市场流动性中性平衡，短端资金利率中枢不变但波动加大，中长期货币市场利率有所上行；国内债券市场在三季度依然维持了偏弱走势，但主要的跌幅集中在7月份，收益率曲线平坦化上行，8月以来市场进入窄幅震荡模式，对基本面和政策面的各类驱动力反应钝化，等待四季度进一步方向明朗。报告期内，本基金维持了中性偏低的久期水平，并保持了一定程度的杠杆水平。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.815Z","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=488403","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9717fea5b3eb0491d27","stockId":3000000006191,"sao":"2020年上半年，全球经济在疫情冲击下深V运行，货币放松叠加财政刺激计划层出不穷，金融市场大幅波动，大类资产走势轮动较快。具体而言，疫情传播对不同经济体影响先后顺序不同，国内在一季度GDP大幅下行后，货币发力叠加财政托底，社融增速回升，投资链条改善显著、非物理隔离消费需求接近正常水平、出口保持相对韧性，中国经济二季度出现了快速反弹，复工复产进度领先；货币政策及时调整，退出一季度非常态操作。受此影响，上半年国内经济、政策、金融市场走出了一个压缩版本经济周期的走势，债券市场牛熊急速切换，整体赚钱效应偏弱。欧美在疫情冲击后，纷纷推出史无前例的纾困和刺激复兴计划，有效缓解金融市场流动性困境同时，提振了风险资产情绪和估值，表现为股、债、商同涨格局。报告期内，本基金跟随国内债券市场的牛熊步伐，一季度适当拉长久期获取收益，4、5月陆续降低久期进入防守姿态。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:53.813Z","mo":"展望下半年，经济增长整体增速上行趋势不改，环比改善速率大概率降低，失业率依然维持在不低水平；结构上看，受疫情冲击的物理接触型经济活动改善预计较为缓慢，政策抓手型投资链条较为旺盛，经济结构呈现一定的冷热不均，成为中期增长的隐患。政策层面，更为积极的财政政策预计较为平稳，退出非常规操作的货币政策进一步收紧空间不大，货币市场流动性及资金利率中枢维持当前水平概率较高，债券市场下半年波动预计会显著降低。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000006191,"__csrcFundId":5634,"stockCode":"006191","shortName":"华夏鼎通债券(006191)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6191,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:03:25.426Z","status":"normal","inceptionDate":"2018-10-22T16:00:00.000Z","name":"华夏鼎通债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050030000,"currency":"CNY","masterFundShortName":"华夏鼎通债券","pinyin":"hxdtzqxzqtzjj","managers":[{"stockCode":"db20787019","stockType":"fund_manager","exchange":"fm","tickerId":2302210520,"name":"吴彬"}]},"announcement":{"linkText":"华夏鼎通债券型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=462835","linkType":"PDF","source":"csrc_pdf"}}]}