ETF日报：随着产业政策和集采政策的不断优化，板块盈利和估值有望迎来双升，可关注创新药沪深港ETF

Market Performance - On May 13, A-shares opened high but closed lower, with the Shanghai Composite Index rising by 0.17% to 3374.87 points, while the Shenzhen Component Index fell by 0.13% and the ChiNext Index dropped by 0.12% [1] - The total trading volume in A-shares was 1.33 trillion, slightly down from 1.34 trillion the previous day [1] Pharmaceutical Sector - The Innovation Drug ETF (517110) rose by 1.61% following a rebound in overseas pharmaceutical companies, despite negative news impacting the sector previously [2] - The U.S. President's announcement of potential drug price reductions of 30% to 80% may have limited actual impact based on historical precedents, but it could create new opportunities for Chinese innovative drug companies [2][3] - The Chinese innovative drug sector is still in a growth phase, with a significant increase in License-out transactions, indicating rising global competitiveness [3] Policy and Industry Trends - The Ministry of Industry and Information Technology and other departments have issued a plan for the digital transformation of the pharmaceutical industry, emphasizing AI applications [5] - Recent tariff policy adjustments have stabilized the sentiment for innovative drugs going overseas, with expectations for improved profitability and valuation in the sector [6] Solar Industry - The Solar ETF (159864) saw a rise of 1.83% due to the cancellation of tariffs on 91% of products between China and the U.S., enhancing the competitiveness of Chinese solar products in the U.S. market [6] - The solar industry is currently facing challenges with supply-side adjustments and demand restructuring, but a recovery in demand is anticipated as the industry stabilizes [8] Gold Market - Gold prices have recently fluctuated, with the Gold ETF (518800) declining by 0.58% [9] - The Federal Reserve's decision to maintain interest rates aligns with market expectations, while ongoing geopolitical tensions and a trend towards de-dollarization may support gold prices in the long term [12]