九部门贴息政策发力，银行股或受益！红利低波ETF(512890)近20个交易吸金9.9亿元

Core Viewpoint - The A-share market showed positive performance on August 12, with all three major indices rising, particularly the ChiNext Index which increased by over 1% [1] Group 1: ETF Performance - The Hongli Low Volatility ETF (512890) closed up by 0.17% at a price of 1.202 yuan, with a turnover rate of 1.53% and a transaction volume of 330 million yuan [1] - Over the past five trading days, the ETF experienced a net outflow of 429 million yuan, while over the last 20 trading days, it saw a net inflow of 990 million yuan, bringing its total circulation scale to 21.549 billion yuan as of August 11, 2025 [1] Group 2: Fund Management and Holdings - The Hongli Low Volatility ETF was established on December 19, 2018, and has a total return of 139.78% since its inception, managed by Liu Jun [3] - Key holdings of the ETF include Chengdu Bank, Industrial Bank, Sichuan Road and Bridge, and others, with significant increases in holdings for several stocks, such as Chengdu Bank which saw a 20.25% increase [3] Group 3: Policy Impact - A joint notice from the Ministry of Finance and eight other departments introduced a loan interest subsidy policy for service industry operators, aimed at reducing financing costs and stimulating market activity [2] - The policy is expected to boost credit scale and margins in the short term and attract insurance capital to restructure valuation systems in the medium term [2]