A股融资余额再创近10年新高！A500ETF龙头(563800)连续3日上涨，机构：核心资产仍是市场关注焦点

Group 1 - The A-share market experienced a collective rise on September 1, 2025, with a trading volume of approximately 27,499.61 billion yuan, driven by sectors such as gold, CPO, innovative drugs, and storage chips [1] - As of August 29, 2025, the A-share financing balance reached a new high of 22,454.72 billion yuan, just 211.63 billion yuan short of the historical peak, with the Shenzhen market financing balance also hitting a record [1] - Market sentiment has been buoyed by factors such as the expectation of a Federal Reserve interest rate cut, significant upcoming events, structural prosperity in mid-year reports, and advancements in the domestic AI industry, leading to substantial inflows of incremental capital [1] Group 2 - The A500 index rose by 0.85% as of September 1, 2025, with the leading A500 ETF (563800) increasing by 0.62%, marking three consecutive days of gains [2] - Financial institutions suggest that the A-share market's chip structure has improved following significant fluctuations, with the "anti-involution" policy and demand-side policies being crucial for market performance [2] - Core assets are becoming a focal point for the market, with expectations of a recovery in ROE as net profit margins improve and turnover stabilizes, indicating a potential end to the downward cycle [2] Group 3 - The market is expected to maintain a trend of oscillating upward in September, although at a potentially slower rate compared to August, driven by positive feedback from incremental capital inflows [3] - The external environment appears stable, with high expectations for the Federal Reserve to initiate interest rate cuts, enhancing the attractiveness of RMB assets [3]