????:1?????????????:?????????

2?????????

3????????

4??????????

5?????????

?:?

???????????,????????2800??,???????????????????????????3000???????????,??????10%???

?????????????????????ETF?????????,??????????,????3????????????145?????????,???????????????(01929.HK)??????????(00590.HK)???????????????????,???,????????12%????

?????CEO???????,??,????????,???????????????,????????????????,??????????????2024??????????,???????????????????????2024????????????????????,???,????????5????,???????2023??10???20%??2025?8?????????

?????????????????????3000

??????????10???????????????31???18:20,???2775????????????2790.11?????????????????????,?????????????????????,??,??2780??????????????????

?????????????,?????????????????,10?????????????????????

???????10?????????????????????????????18?????????????,????2700??????,??2720?????????????????????9??????2500???????,????,??????????????,????ETF,????????

????????,??????????????????,??????ETF,???????,?,??ETF??????,2024????????,?????????????186????????,?????49%????????????????????694??,?????????????,????2022???????????;2024???????,???????????????????????364??,????????????????????????????(132%)?

??????????:“?????????????????,??????????2025??????????????12?????,??10%,??????????????????3000?????”

???????????,?????,?????????2025????,?????????????2022????,?????????????????2025??????9%;?????????????????????,??????????????????3.25%~3.5%,?????????ETF?????,???????????2025?????7%;?????????????????,???????????,?????????,??????(Comex)???????93?????,????????????????2025?6%,????????????????????????????????????????????????????,??????????

????????????

??????????,?????????????????????

?,????????,???????????????????ETF??94.6?????????,??????9????,?????????????????3200??;?????12%??459?????,?13%???????360???????????????????????,??????????103??????,???????????????????19%,??,??34%,??????????????10?????????36%?

??????????????,2023?????,???????12%,?????????,2024?????????????????????????5%,2024?????????(SSS)??????????20%,???????????3?,??“????????????????”?????????????

???????????????,?????????,??????????,???????,??(??????????)????,???,?????????????????,???

?????????????????,???,?,?????????????,??????????????????,???????????,??

“????????,?????????????,????????????????????,??????????,?????”??????????

???????????

?,?2024????????????,???????????2025?????,???

??????????,????????????;????60%????????(????),???????????????,?,?;???????,?????????????

????,??????????????,?????????,2021?2023????????????????10%,??????????,?10?,???????????????????????,??????2024?????????????,????????????????????????,???????????,??????????????,????????????????

???,??????????????????????????????,?????????2025??(2024???????4??????1?~9???????????????????30?)??????18%?22%,????????42%?????????46%?2024??????????????????21%????,????????,?????????2024????9?30??,???????,????????

?(7?????????1????????9???????????????30?)?????????25%,???????????31%,??????9%?

??????????????????,????2016???????????????????????????????2025????????,??????????2025??????????????,????2024??

?????????????????,?????????5?,??2023??????10?????20%???2025???????????????????????8?;?????(????3?,???),??????????6?????,?????????2023???????????????????40%? ????????:??????