南华金融资产配置报告：百川终归海

I 11 2023 A / / & IF Z0015429 wangmengying@nawaa.comZ0016367 wangying@nawaa.comZ0016413 gaoxiang@nawaa.comZ0001908 xuchengxi@nawaa.com 0571-81727107 0571-89727506 1.................................................................................................1 2.................................................................................................2 2.1..........................................................................2 2.2..............................................................................4 2.3..........................................................................5 2.4&...................................................................................7 2.4.1...............................................................7 2.4.2.......................................................................8 3.............................................................................10 3.1................................................................................10 3.2.................................................................................11 3.2.1...................................................................................12 3.2.2..........................................................16 3.3...................................................................................17 3.4................................................................................18 4.............................................................................20 4.1.................................................................20 4.2202310........................................................................20 4.3202311.........................................................................21 1.1 10 9/28 .................................1 2.1 10 ......................................................................................2 2.2 .......................................................................................3 2.3 ...........................................................................................3 2.4 ................................................................................4 2.5 ...................................................................................4 2.6 Q4 ..................................................................5 2.7 .......................................................................................6 2.8 ..............................................................................................6 2.5 ..............................................................................................7 2.6 ..............................................................................................8 2.7 300 ...........................................................................8 2.8 ..............................................................................................9 2.9 ..............................................................................................9 3.1 ....................................................................................10 3.2 A ......................................................11 3.3 ............................................................................11 3.4 ................................................................................12 3.5AI ........................................................................13 3.6 A ..................................................................13 3.7 ..................................................................14 3.8 .......................................................................................14 3.9 A15 3.10 A16 3.11 ............................................................17 3.12 %.....................................................17 3.13 .....................................................................................18 3.14 ...................................................................19 3.15 .............................................................................................19 4.1.................................................................................20 1. 9 10 1.110 9/28 300 10 : 1.00% 0.00% -1.00% -2.00% -3.00% -4.00% -5.00% -6.00% -7.00% 0.80% 0.60% 0.40% 0.20% 0.00% -0.20% -0.40% -0.60% iFind 10 8 3000 2. 2.1 10 2.75 2.70 2.65 2.60 2.55 iFInd 8 2.1 9 GDP PPI 2023-08-31 9 2023-09-02 4 2023-09-04 2023-09-06 10 2023-09-08 2023-09-10 2023-09-12 2023-09-14 2023-09-16 2023-09-18 2023-09-20 2023-09-22 10Y% 2023-09-24 2023-09-26 2023-09-28 2023-09-30 9 2023-10-02 10 PPI 2023-10-04 2023-10-06 9 2023-10-08 2023-10-10 2023-10-12 2023-10-14 I202311 2023-10-16 2023-10-18 2.73% 2023-10-20 2 2023-10-22 2.2 % 50.00 40.00 30.00 20.00 10.00 0.00 -10.00 iFind 2023-03 2023-04 2023-05 2023-06 2023-07 2023-08 2023-09 -20.00 2.3 -0. PPI:PPI:PPI:PPI:PPI:PPI:PPI: -0.10 0.00 30 0.10 -0.20 0.20 0.20 0.60 0.10 0.10 -0.20 0.