公募基金周报丨A股指数均上涨，债市主要指数多数上涨

Market Overview - The A-share indices experienced an overall increase during the week from August 25 to August 29, 2025, with the Shanghai Composite Index rising by 0.84%, the Shenzhen Component Index by 4.36%, and the ChiNext Index by 7.74% [2][3] - Among the 31 first-level industries, 15 saw gains while 16 experienced declines, with the top three performing sectors being Communication (up 12.38%), Non-ferrous Metals (up 7.16%), and Electronics (up 6.28%) [2][4] - The average daily trading volume for the week was 29,831 billion yuan [2] Bond Market Review - The central bank conducted a net monetary injection of 196.1 billion yuan, with total monetary supply at 22,731 billion yuan and monetary withdrawal at 20,770 billion yuan [8] - Most interest rates declined, with the interbank pledged repo rates for 1D, 7D, 14D, and 1M changing by -2.58 BP, +0.23 BP, -0.85 BP, and +1.49 BP respectively [11] - The major bond market indices mostly saw declines, with the China Bond Composite Index changing by +0.08% and the China Convertible Bond Index decreasing by -2.58% [20] Public Fund Products Review - A total of 36 new funds were established during the week, with a total issuance of 26.337 billion units, including 25 equity funds and 5 bond funds [21][23] - As of August 29, 2025, there were 13,120 public funds in China, with a total net asset value of 34,601.8 billion yuan, including 3,164 equity funds and 3,903 bond funds [25] Fund Manager Insights - Fund managers highlighted the importance of sectors such as AI, semiconductor, and consumer electronics, indicating a focus on growth opportunities in these areas [41][43] - The macroeconomic environment remains stable, with expectations of a continued upward trend in the A-share market, particularly in the technology sector [45] - Concerns regarding U.S.-China trade tensions persist, but the market appears to be desensitized to these issues, with potential for a bullish market outlook [46]