Report Summary 1. Market Overview - A-shares declined with the Shanghai Composite Index down 0.73% to 3986.90, the Shenzhen Component Index down 1.16% to 13532.13, and the ChiNext Index down 1.84% to 3263.02. The trading volume of A-shares reached 24646 billion yuan. The top-performing sectors were steel (0.90%), non-ferrous metals (0.79%), and public utilities (0.13%), while the worst-performing sectors were communications (-2.83%), electronics (-2.23%), and national defense and military industry (-1.95%) [2][6] 2. Stock ETFs - The most actively traded stock ETFs were Huaxia Shanghai Sci-Tech Innovation Board 50 ETF (down 1.92% with a discount rate of -1.82%), Huaxia CSI A500 ETF (down 0.84% with a discount rate of -0.87%), and Cathay CSI A500 ETF (down 0.91% with a discount rate of -0.90%) [3][7] 3. Bond ETFs - The most actively traded bond ETFs were Haifutong CSI Short-term Financing Bond ETF (up 0.01% with a discount rate of 0.00%), Cathay CSI AAA Technology Innovation Corporate Bond ETF (up 0.06% with a discount rate of 0.02%), and Bosera CSI Convertible and Exchangeable Bond ETF (down 0.74% with a discount rate of -0.88%) [4][9] 4. Gold ETFs - Gold AU9999 fell 0.66% and Shanghai Gold rose 0.07%. The most actively traded gold ETFs were Huaan Gold ETF (up 0.14% with a discount rate of -0.33%), E Fund Gold ETF (up 0.01% with a discount rate of -0.48%), and Bosera Gold ETF (down 0.06% with a discount rate of -0.52%) [12] 5. Commodity Futures ETFs - Dacheng Non-ferrous Metals Futures ETF fell 0.82% with a discount rate of -0.24%, Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 1.67% with a discount rate of -1.25%, and Huaxia Feed Soybean Meal Futures ETF fell 0.56% with a discount rate of 2.10% [13] 6. Cross-border ETFs - The previous trading day saw the Dow Jones Industrial Average down 0.16%, the NASDAQ up 0.55%, the S&P 500 unchanged, and the German DAX down 0.64%. Today, the Hang Seng Index fell 0.24% and the Hang Seng China Enterprises Index fell 0.31%. The most actively traded cross-border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (down 2.87% with a discount rate of -0.99%), Huatai-PineBridge Hang Seng Tech ETF (down 2.45% with a discount rate of -0.86%), and Huaxia Hang Seng Tech ETF (down 2.29% with a discount rate of -1.01%) [16] 7. Money Market ETFs - The most actively traded money market ETFs were Yin Hua Day Profit ETF, Hua Bao Tian Yi ETF, and Money Market ETF Jian Xin Tian Yi [18]

Report Summary Market Overview - On September 18, 2025, the Shanghai Composite Index fell 1.15% to 3831.66 points, the Shenzhen Component Index dropped 1.06% to 13075.66 points, and the ChiNext Index declined 1.64% to 3095.85 points. The total trading volume of A-shares in the two markets was 3167 billion yuan. The top-performing sectors were electronics (0.93%), communication (0.19%), and social services (0.03%), while the worst-performing sectors were non-ferrous metals (-3.56%), comprehensive (-2.85%), and non-bank finance (-2.81%) [2][6]. Stock ETFs - The top-traded stock ETFs on this day were Huaxia Shanghai Science and Technology Innovation Board 50 ETF (up 0.69% with a premium rate of 0.71%), E Fund ChiNext ETF (down 1.67% with a premium rate of -1.71%), and GF China Securities All-Securities Company ETF (down 2.92% with a premium rate of -2.91%) [3][7]. Bond ETFs - The top-traded bond ETFs were Haifutong China Securities Short-term Financing Bond ETF (up 0.01% with a premium rate of 0.00%), Huaxia Shanghai Benchmark Market-making Treasury Bond ETF (down 0.11% with a premium rate of -0.12%), and Bosera China Securities Convertible and Exchangeable Bond ETF (down 0.62% with a premium rate of -0.74%) [4][9]. Gold ETFs - Gold AU9999 fell 0.87% and Shanghai Gold dropped 1.21%. The top-traded gold ETFs were Huaan Gold ETF (down 1.28% with a premium rate of -1.27%), Bosera Gold ETF (down 1.26% with a premium rate of -1.22%), and E Fund Gold ETF (down 1.31% with a premium rate of -1.26%) [12]. Commodity Futures ETFs - Dacheng Non-ferrous Metals Futures ETF fell 1.04% with a premium rate of -1.05%, Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF dropped 0.99% with a premium rate of -1.13%, and Huaxia Feed Soybean Meal Futures ETF declined 0.15% with a premium rate of 2.14% [13]. Cross-border ETFs - The previous trading day, the Dow Jones Industrial Average rose 0.57%, the Nasdaq Composite fell 0.33%, and the S&P 500 dropped 0.10%, while the German DAX rose 0.13%. On this day, the Hang Seng Index fell 1.35% and the Hang Seng China Enterprises Index dropped 1.46%. The top-traded cross-border ETFs were E Fund China Securities Hong Kong Securities Investment Theme ETF (down 3.40% with a premium rate of -2.88%), Huatai-PineBridge Hang Seng Technology ETF (down 1.66% with a premium rate of -1.25%), and Huaxia Hang Seng Technology ETF (down 1.52% with a premium rate of -1.23%) [15]. Money Market ETFs - The top-traded money market ETFs were Yin Hua Day Profit ETF, Hua Bao Tian Yi ETF, and Jian Xin Tian Yi Money Market ETF [17].