Sou Hu Cai Jing·2026-02-04 09:54Core Viewpoint - The total trading volume of the Shanghai and Shenzhen Stock Connect reached 322.9 billion, with Kweichow Moutai and Zhongji Xuchuang leading in trading volume for the Shanghai and Shenzhen markets respectively [1][2]. Trading Volume Summary - The total trading amount for the Shanghai Stock Connect was 153.37 billion, while the Shenzhen Stock Connect totaled 169.54 billion [2]. - Kweichow Moutai topped the Shanghai Stock Connect with a trading volume of 4.741 billion, followed by Cambricon Technologies at 2.160 billion [3]. - Zhongji Xuchuang led the Shenzhen Stock Connect with a trading volume of 5.845 billion, followed by CATL at 5.719 billion [3]. Sector Performance - The power equipment sector saw the highest net inflow of funds, amounting to 7.326 billion, with a net inflow rate of 5.33% [6]. - Other sectors with significant net inflows included the new energy sector at 5.573 billion and the coal sector at 3.041 billion [6]. - Conversely, the electronic sector experienced the largest net outflow of funds [7]. ETF Trading Summary - The coal ETF (515220) recorded a remarkable trading volume increase of 335% compared to the previous trading day, reaching 2.446 billion [9]. - The top ten ETFs by trading volume included the Gold ETF (518880) at 15.413 billion and the A500 ETF Fund (512050) at 14.236 billion [8]. Futures Positioning - All four major futures contracts (IH, IF, IC, IM) saw a reduction in positions, with a notable decrease in short positions [10]. Stock Market Activity - The stock market saw significant activity from institutional investors, with notable purchases in Red Baoli and Zhongji Group, while Liou shares faced heavy selling [12][13]. - The trading activity of retail investors was moderate, with significant sell-offs in commercial aerospace stocks like Hailanxin [14].