Core Viewpoint - The A-share market experienced a collective decline, particularly in the consumer sector, with significant trading activity in the Consumer ETF (159928) which saw a drop of over 2% and a trading volume exceeding 700 million yuan [1][3]. Group 1: Consumer ETF Performance - The Consumer ETF (159928) recorded a net subscription of over 650 million units, marking its sixth consecutive day of inflow, totaling over 1 billion yuan [1]. - The latest scale of the Consumer ETF (159928) surpassed 12.6 billion yuan, leading its peers significantly [1]. - Major constituent stocks of the Consumer ETF mostly declined, with Shanxi Fenjiu and Luzhou Laojiao dropping over 3%, and Wuliangye falling over 2% [3]. Group 2: Policy and Economic Support - An important meeting emphasized maintaining policy continuity and stability, with a focus on enhancing fiscal and monetary policies to boost consumption and support small businesses [5]. - The government plans to implement a child-rearing subsidy program with a budget of approximately 90 billion yuan, aimed at increasing consumer demand and improving living standards [5][6]. - The child-rearing subsidy will be available for families with children under three years old, with an annual subsidy of 3,600 yuan per child [7][8]. Group 3: Investment Opportunities - The implementation of the child-rearing subsidy is expected to alleviate family financial burdens and stimulate consumption in related sectors such as baby care, dairy products, toys, and children's clothing [8]. - Long-term, the subsidy and related services are anticipated to enhance birth rates and support industries linked to maternal and child care, including reproductive assistance and education [8]. - The Consumer ETF (159928) is characterized by its resilience across economic cycles, with top ten constituent stocks accounting for over 68% of its weight, including leading liquor brands and major agricultural firms [9].
重要会议再谈消费,全方位扩大内需!今年育儿补贴资金预算900亿元!消费ETF(159928)回调逾2%,资金超大幅涌入!全天狂揽净申购超6.5亿份
Sou Hu Cai Jing·2025-07-31 09:01