Report Summary - **Report Date**: April 29, 2025 - **Report Type**: ETF Daily Report - **Analyst**: Ma Yaoshi - **Contact Information**: Email - mayst@hxzb.cn, Phone - 15201282186 Market Overview - A - share market: The Shanghai Composite Index fell 0.05% to close at 3286.65 points, the Shenzhen Component Index fell 0.05% to close at 9849.80 points, and the ChiNext Index fell 0.13% to close at 1931.94 points. The trading volume of A - shares in the two markets was 1041.9 billion yuan. The top - rising industries were beauty care (2.60%), machinery and equipment (1.44%), and media (1.27%); the top - falling industries were public utilities (-1.78%), comprehensive (-0.97%), and petroleum and petrochemical (-0.55%) [2][6] Stock ETF - The top - trading - volume stock ETFs: Huaxia CSI A500ETF fell 0.11% with a premium rate of -0.09%; Guotai CSI A500ETF had a change of 0.00% with a premium rate of -0.08%; Southern CSI A500ETF fell 0.10% with a premium rate of -0.16%. Other top - ten trading - volume stock ETFs included Huatai - Ber瑞 CSI 300ETF, Huaxia Shanghai - Shenzhen Science and Technology Innovation Board 50ETF, etc. [3][7][8] Bond ETF - The top - trading - volume bond ETFs: Pengyang ChinaBond 30 - year Treasury Bond ETF rose 0.79% with a premium rate of 0.66%; Haifutong CSI Short - term Financing Bond ETF rose 0.02% with a premium rate of 0.01%; Fuguo ChinaBond 7 - 10 - year Policy Financial Bond ETF rose 0.21% with a premium rate of 0.20%. [4][9][10] Gold ETF - Gold prices: Gold AU9999 rose 0.21%, and Shanghai Gold rose 0.52%. The top - trading - volume gold ETFs: Huaan Gold ETF rose 0.70% with a premium rate of 0.64%; E Fund Gold ETF rose 0.65% with a premium rate of 0.63%; Bosera Gold ETF rose 0.63% with a premium rate of 0.62%. [12][13] Commodity Futures ETF - The top - trading - volume commodity futures ETFs: Huaxia Feed Soybean Meal Futures ETF fell 0.72% with a premium rate of -1.13%; Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 1.09% with a premium rate of -0.99%; Dacheng Non - ferrous Metals Futures ETF fell 0.12% with a premium rate of -0.13%. [13][14] Cross - border ETF - Overseas market indices: The previous trading day, the Dow Jones Industrial Average rose 0.28%, the Nasdaq Composite fell 0.10%, the S&P 500 rose 0.06%, and the German DAX rose 0.13%. On the day, the Hang Seng Index rose 0.16%, and the Hang Seng China Enterprises Index fell 0.15%. The top - trading - volume cross - border ETFs: Huaxia Hang Seng Technology ETF fell 0.14% with a premium rate of 0.89%; Huatai - Ber瑞 Southern East Asia Hang Seng Technology ETF fell 0.15% with a premium rate of 1.38%; GF CSI Hong Kong Innovative Drug ETF rose 0.76% with a premium rate of 1.86%. [15][16] Money ETF - The top - trading - volume money ETFs: Yin Hua Ri Li ETF, Hua Bao Tian Yi ETF, and Money ETF Jianxin Tian Yi. [17][19]

Report Industry Investment Rating - The document does not mention the report industry investment rating. Core Viewpoints - On April 28, 2025, the Shanghai Composite Index fell 0.20% to 3288.41 points, the Shenzhen Component Index fell 0.62% to 9855.20 points, and the ChiNext Index fell 0.65% to 1934.46 points. The total trading volume of A-shares in the two markets was 1076.9 billion yuan. The top-performing sectors were banking (0.98%), steel (0.53%), and utilities (0.39%), while the worst-performing sectors were real estate (-3.66%), comprehensive (-2.52%), and social services (-2.19%) [2][7]. Summary by Directory Market Overview - The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all declined on April 28, 2025, with trading volume reaching 1076.9 billion yuan. Banking, steel, and utilities led the gains, while real estate, comprehensive, and social services led the losses [2][7]. Stock ETF - The top-traded stock ETFs on April 28, 2025, were Southern China Securities A500 ETF (down 0.21%, discount rate -0.30%), Huaxia China Securities A500 ETF (down 0.11%, discount rate -0.23%), and Huatai-PineBridge CSI 300 ETF (down 0.15%, discount rate -0.19%) [3][8]. Bond ETF - The top-traded bond ETFs on April 28, 2025, were Haifutong CSI Short-term Financing Bond ETF (down 0.00%, discount rate 0.00%), Penghua ChinaBond 30-Year Treasury Bond ETF (up 0.36%, discount rate 0.49%), and Fullgoal ChinaBond 7-10 Year Policy Financial Bond ETF (up 0.07%, discount rate 0.06%) [4][10]. Gold ETF - Gold AU9999 and Shanghai Gold both fell 0.92% on April 28, 2025. The top-traded gold ETFs were Huaan Gold ETF (down 0.86%, discount rate -0.99%), E Fund Gold ETF (down 0.82%, discount rate -0.95%), and Bosera Gold ETF (down 0.84%, discount rate -0.94%) [13]. Commodity Futures ETF - On April 28, 2025, Huaxia Feed Meal Futures ETF fell 1.48% with a discount rate of -1.81%, Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF rose 1.02% with a discount rate of 1.05%, and Dacheng Nonferrous Metals Futures ETF fell 0.42% with a discount rate of -0.50% [14]. Cross-Border ETF - The previous trading day saw gains in the Dow Jones Industrial Average (0.05%), NASDAQ Composite (1.26%), S&P 500 (0.74%), and German DAX (0.81%). On April 28, 2025, the Hang Seng Index fell 0.04% and the Hang Seng China Enterprises Index fell 0.00%. The top-traded cross-border ETFs were Huaxia Hang Seng Technology ETF (down 0.14%, discount rate 1.15%), GF China Securities Hong Kong Innovative Drugs ETF (down 2.01%, discount rate -1.55%), and Huatai-PineBridge Southern Dongying Hang Seng Technology ETF (unchanged, discount rate 1.65%) [16]. Money ETF - The top-traded money ETFs on April 28, 2025, were Silver Hua Dayli ETF, Huabao Tianyi ETF, and Money ETF Jianxin Tianyi [18].

ETF 日报 2025.04.23 市场概况： 今日 A 股上证综指下跌 0.10%，收于 3296.36 点，深证成指上涨 0.67%，收于 9935.80 点，创业板指上涨 1.08%，收于 1949.16 点， 两市 A 股成交金额为 12626 亿元。涨幅靠前的行业有：汽车 （3.21%）、机械设备（2.47%）、通信（1.73%），跌幅靠前的行业有： 商贸零售（-1.85%）、农林牧渔（-1.39%）、房地产（-1.38%）。 股票 ETF： 今日成交金额靠前的股票 ETF 为：南方中证 A500ETF 上涨 0.31%， 贴水率为 0.27%；易方达创业板 ETF 上涨 1.05%，贴水率为 1.00%； 华夏中证 A500ETF 上涨 0.22%，贴水率为 0.15%。 债券 ETF： 今日成交金额靠前的债券 ETF 为：鹏扬中债-30 年期国债 ETF 下跌 0.41%，贴水率为-0.40%；富国中债 7-10 年政策性金融债 ETF 下 跌 0.11%，贴水率为-0.11%；海富通中证短融 ETF 上涨 0.00%，贴 水率为-0.00%。 2025 年 04 月 23 日 ETF 日报 证 ...

Report Industry Investment Rating No relevant content provided. Core View of the Report On April 21, 2025, the Shanghai Composite Index rose 0.45% to 3291.43, the Shenzhen Component Index rose 1.27% to 9905.53, and the ChiNext Index rose 1.59% to 1944.32. The total trading volume of A-shares in the two markets was 1.0738 trillion yuan. The top-performing sectors were non-ferrous metals (3.79%), computer (2.72%), and beauty care (2.11%), while the worst-performing sectors were banking (-1.23%), food and beverage (-0.59%), and real estate (-0.46%) [2][6]. Summary by Directory Market Overview - The Shanghai Composite Index rose 0.45% to 3291.43, the Shenzhen Component Index rose 1.27% to 9905.53, and the ChiNext Index rose 1.59% to 1944.32 [2][6]. - The total trading volume of A-shares in the two markets was 1.0738 trillion yuan [2][6]. - The top-performing sectors were non-ferrous metals (3.79%), computer (2.72%), and beauty care (2.11%), while the worst-performing sectors were banking (-1.23%), food and beverage (-0.59%), and real estate (-0.46%) [2][6]. Stock ETF - The top three stock ETFs by trading volume were Southern CSI A500 ETF (up 0.42%, discount rate 0.55%), Huaxia CSI A500 ETF (up 0.44%, discount rate 0.52%), and Huatai-PineBridge CSI 300 ETF (up 0.05%, discount rate 0.24%) [3][7]. Bond ETF - The top three bond ETFs by trading volume were Penghyang ChinaBond 30-Year Treasury Bond ETF (down 0.35%, discount rate -1.43%), Fuguo ChinaBond 7-10 Year Policy Financial Bond ETF (down 0.06%, discount rate -0.11%), and Haifutong CSI Short-Term Financing Bond ETF (up 0.01%, discount rate 0.01%) [4][9]. Gold ETF - Gold AU9999 rose 1.96% and Shanghai Gold rose 1.69%. The top three gold ETFs by trading volume were Huaan Gold ETF (up 1.86%, discount rate 2.05%), E Fund Gold ETF (up 1.86%, discount rate 2.04%), and Bosera Gold ETF (up 1.88%, discount rate 2.09%) [12]. Commodity Futures ETF - The top three commodity futures ETFs by trading volume were Huaxia Feed Meal Futures ETF (up 0.87%, discount rate 0.86%), Dacheng Non-Ferrous Metals Futures ETF (up 1.46%, discount rate 1.39%), and Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF (up 0.48%, discount rate 0.64%) [13]. Cross-Border ETF - The US and German stock markets were closed the previous trading day, and the Hong Kong stock market was closed today. The top three cross-border ETFs by trading volume were Huaxia Hang Seng Tech ETF (up 1.05%, discount rate 0.78%), Huatai-PineBridge Southern Dongying Hang Seng Tech ETF (up 1.06%, discount rate 1.43%), and Huaxia Hang Seng Internet Technology Industry ETF (up 0.89%, discount rate 0.62%) [15]. Money ETF - The top three money ETFs by trading volume were Yin Hua Day Profit ETF, Hua Bao Add Benefit ETF, and Money ETF [17].

| 2025年04月21日 一周市场回顾 | 证券研究报告 -- 周市场回顾 | | | --- | --- | --- | | 一周市场回顾 | 分析师:马遥识途 | | | | 资格证书:S1330524050001 | | | | 联系邮箱:mayst@hxzb.cn | | | | 联系电话:15201282186 | | | (2025.04.14-2025.04.18) | 相关研究 | | | | 一周市场回顾 (2025.03.24- | | | | 2025.03.28) | | | A 股市场: | 2025.03.31 | | | | 一周市场回顾 (2025.03.17 -- | | | . 本周 A 股上证指数上涨 1.19%,收于 3276.73点,深证成指下跌 | 2025.03.21 ) | | | | | 2025.03.24 | | 0.54%,收于 9781.65点,创业板指下跌 0.64%,收于 1913.97点。 | | | | | 一周市场回顾 (2025.03.03 - | | | 价值风格类板块代表指数上证 50、中证 100、沪深 300 分别上涨 | | | ...

今日成交金额靠前的股票 ETF 为：华泰柏瑞沪深 300ETF 上涨 0.26%，贴水率为 0.22%；华夏沪深 300ETF 上涨 0.18%，贴水率为 0.10%；华夏上证 50ETF 上涨 0.07%，贴水率为 0.06%。 债券 ETF： 今日成交金额靠前的债券 ETF 为：鹏扬中债-30 年期国债 ETF 上涨 0.09%，贴水率为 0.25%；富国中债 7-10 年政策性金融债 ETF 下跌 0.05%，贴水率为-0.00%；海富通中证短融 ETF 上涨 0.02%，贴水 率为 0.01%。 2025 年 04 月 18 日 ETF 日报 证券研究报告-ETF 日报 ETF 日报 2025.04.18 市场概况： 今日 A 股上证综指下跌 0.11%，收于 3276.73 点，深证成指上涨 0.23%，收于 9781.65 点，创业板指上涨 0.27%，收于 1913.97 点， 两市 A 股成交金额为 9493 亿元。涨幅靠前的行业有：通信（1.59%）、 房地产（1.53%）、银行（0.78%），跌幅靠前的行业有：美容护理（- 2.46%）、社会服务（-2.45%）、纺织服饰（-1.54%）。 ...

ETF 日报 2025.04.17 市场概况： 今日 A 股上证综指上涨 0.13%，收于 3280.34 点，深证成指下跌 0.16%，收于 9759.05 点，创业板指上涨 0.09%，收于 1908.78 点， 两市 A 股成交金额为 10305 亿元。涨幅靠前的行业有：房地产 （2.32%）、综合（1.95%）、建筑材料（1.24%），跌幅靠前的行业有： 汽车（-0.80%）、有色金属（-0.41%）、通信（-0.30%）。 股票 ETF： 今日成交金额靠前的股票 ETF 为：华泰柏瑞沪深 300ETF 上涨 0.08%，贴水率为-0.04%；华夏上证 50ETF 上涨 0.11%，贴水率为 0.05%；华夏中证 A500ETF 涨跌幅为 0.00%，贴水率为-0.16%。 今日成交金额靠前的债券 ETF 为：鹏扬中债-30 年期国债 ETF 下跌 0.51%，贴水率为-0.36%；富国中债 7-10 年政策性金融债 ETF 下 跌 0.03%，贴水率为-0.02%；南方上证基准做市公司债 ETF 下跌 0.08%，贴水率为 0.02%。 2025 年 04 月 17 日 ETF 日报 证券研究报告- ...

Report Summary 1. Market Overview - The Shanghai Composite Index rose 0.26% to close at 3276.00 points, the Shenzhen Component Index fell 0.85% to close at 9774.73 points, and the ChiNext Index fell 1.21% to close at 1907.11 points. The total trading volume of A-shares in the two markets was 1.141 trillion yuan [2][6]. - The top-performing sectors were transportation (1.15%), banking (1.00%), and coal (0.66%), while the worst-performing sectors were comprehensive (-1.84%), machinery (-1.64%), and automotive (-1.55%) [2][6]. 2. Stock ETFs - The top-traded stock ETFs were Huatai-PineBridge CSI 300 ETF (up 0.23% with a discount rate of 0.19%), ChinaAMC SSE 50 ETF (up 0.89% with a discount rate of 0.84%), and ChinaAMC CSI 300 ETF (up 0.28% with a discount rate of 0.17%) [3][7]. 3. Bond ETFs - The top-traded bond ETFs were Penghua ChinaBond 30-Year Treasury Bond ETF (up 0.06% with a discount rate of 0.20%), Haifutong CSI Short-Term Commercial Paper ETF (down 0.00% with a discount rate of 0.01%), and Fullgoal ChinaBond 7-10 Year Policy Financial Bond ETF (up 0.11% with a discount rate of 0.11%) [4][9]. 4. Gold ETFs - Gold AU9999 rose 2.45% and Shanghai Gold rose 2.24%. The top-traded gold ETFs were HuaAn Gold ETF (up 2.43% with a discount rate of 2.48%), Bosera Gold ETF (up 2.39% with a discount rate of 2.41%), and E Fund Gold ETF (up 2.44% with a discount rate of 2.48%) [12]. 5. Commodity Futures ETFs - Huaxia Feed Soybean Meal Futures ETF fell 1.66% with a discount rate of -2.68%, Dacheng Nonferrous Metals Futures ETF fell 0.61% with a discount rate of -0.88%, and Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 1.10% with a discount rate of -1.41% [15]. 6. Cross-Border ETFs - The previous trading day, the Dow Jones Industrial Average fell 0.38%, the Nasdaq Composite fell 0.05%, and the S&P 500 fell 0.17%, while the German DAX rose 1.43%. Today, the Hang Seng Index fell 1.91% and the Hang Seng China Enterprises Index fell 2.55%. The top-traded cross-border ETFs were ChinaAMC Hang Seng Tech ETF (down 2.91% with a discount rate of -2.57%), Huatai-PineBridge CSOP Hang Seng Tech ETF (down 2.95% with a discount rate of -2.55%), and ChinaAMC Hang Seng Internet Technology Industry ETF (down 3.24% with a discount rate of -2.78%) [17]. 7. Money Market ETFs - The top-traded money market ETFs were Silver HuaRiLi ETF, HuaBao TianYi ETF, and Money Market ETF [19].

ETF 日报 2025.04.10 市场概况： 今日 A 股上证综指上涨 1.16%，收于 3223.64 点，深证成指上涨 2.25%，收于 9754.64 点，创业板指上涨 2.27%，收于 1900.53 点， 两市 A 股成交金额为 16593 亿元。涨幅靠前的行业有：商贸零售 （4.83%）、纺织服饰（3.77%）、有色金属（3.42%）。 股票 ETF： 今日成交金额靠前的股票 ETF 为：易方达创业板 ETF 上涨 2.19%， 贴水率为 2.19%；华泰柏瑞沪深 300ETF 上涨 1.67%，贴水率为 1.39%；华夏上证科创板 50ETF 上涨 1.36%，贴水率为 1.27%。 ETF 日报 2025.04.08 2025.04.08 2025.04.07 ETF 日报 2025.03.31 2025.03.31 基 金 研 究 · ETF 日 报 · 证 券 研 究 报 告 债券 ETF： 今日成交金额靠前的债券 ETF 为：鹏扬中债-30 年期国债 ETF 上涨 0.09%，贴水率为 0.12%；博时中证可转债及可交换债券 ETF 上涨 0.81%，贴水率为 0.85%；海富通中证短 ...

Report Summary 1. Market Overview - The Shanghai Composite Index rose 1.58% to close at 3145.55 points, the Shenzhen Component Index rose 0.64% to close at 9424.68 points, and the ChiNext Index rose 1.83% to close at 1840.31 points. The total trading volume of A-shares in the two markets was 1.6536 trillion yuan. The top-performing sectors were agriculture, forestry, animal husbandry and fishery (7.81%), commerce and retail (3.44%), and food and beverages (3.37%), while the worst-performing sectors were electronics (-1.69%), automobiles (-1.63%), and communications (-0.93%) [2][7]. 2. Stock ETFs - The top trading volume stock ETFs were Huatai-PineBridge CSI 300 ETF (up 0.95% with a discount rate of 1.45%), Southern CSI 500 ETF (up 0.62% with a discount rate of 0.56%), and E Fund CSI 300 ETF (up 2.26% with a discount rate of 1.41%) [3][8]. 3. Bond ETFs - The top trading volume bond ETFs were Penghua ChinaBond 30-Year Treasury Bond ETF (down 0.70% with a discount rate of -0.57%), Bosera CSI Convertible Bond and Exchangeable Bond ETF (up 1.06% with a discount rate of 0.61%), and Fullgoal ChinaBond 7-10 Year Policy Financial Bond ETF (down 0.40% with a discount rate of -0.19%) [4][10]. 4. Gold ETFs - Gold AU9999 rose 0.49% and Shanghai Gold rose 0.30%. The top trading volume gold ETFs were HuaAn Gold ETF (up 0.70% with a discount rate of 0.93%), E Fund Gold ETF (up 0.54% with a discount rate of 0.83%), and Bosera Gold ETF (up 0.61% with a discount rate of 0.90%) [13]. 5. Commodity Futures ETFs - The top trading volume commodity futures ETFs were ChinaAMC Feed Soybean Meal Futures ETF (up 3.70% with a discount rate of 2.62%), Dacheng Nonferrous Metals Futures ETF (up 0.63% with a discount rate of -1.45%), and CCB ESG Zhengzhou Commodity Exchange Energy and Chemical Futures ETF (up 1.20% with a discount rate of -3.12%) [14]. 6. Cross-Border ETFs - The previous trading day, the Dow Jones Industrial Average fell 0.91%, the Nasdaq Composite rose 0.10%, the S&P 500 fell 0.23%, and the German DAX fell 4.13%. Today, the Hang Seng Index rose 1.51% and the Hang Seng China Enterprises Index rose 2.31%. The top trading volume cross-border ETFs were ChinaAMC Hang Seng Tech ETF (down 4.39% with a discount rate of 4.63%), Huatai-PineBridge CSOP Hang Seng Tech ETF (down 3.42% with a discount rate of 5.17%), and E Fund CSI Overseas Internet ETF (down 3.13% with a discount rate of -12.18%) [16]. 7. Money Market ETFs - The top trading volume money market ETFs were Silver HuaRiLi ETF, HuaBao TianYi ETF, and CCB TianYi Money Market ETF [18].