流动性10月第1期：ETF股票基金规模显著增长，融资买入额大幅上行

Macro Liquidity - The 2-year Treasury yield rose while the 10-year Treasury yield fell, leading to a marginal narrowing of the yield spread between the 10-year and 2-year Treasuries [2][6] - The central bank conducted a net withdrawal of 13482 billion yuan in open market operations, with a net withdrawal of 7890 billion yuan in MLF operations for October [2][6] - The 10-year US Treasury yield increased by 0.27 percentage points to 4.08%, and the US dollar index marginally rose to 102.93 [2][9] - The yield spread between Chinese and US 10-year Treasuries slightly widened to -1.94% [2][9] Market Liquidity Public Funds - From January to October 2024, 880 new funds were established, with a total issuance of 8544 billion shares, a slight increase compared to the same period in 2023 [3][12] - In October 2024, 9 new funds were established, with a total issuance of 6.62 billion shares, of which 6 were equity funds, accounting for 42.72% of the total issuance [3][12] ETF Funds - From January to October 2024, 121 new ETF funds were established, an increase compared to the same period in 2023 [3][14] - In October 2024, 1 new equity ETF fund was established, with an issuance of 2.09 billion shares [3][14] - The scale of ETF equity funds increased significantly to 28068 billion yuan, with a trading volume of 10136 billion yuan, accounting for 36.1% of the total scale [14][16] Southbound Funds - Southbound funds recorded a net inflow of 109.39 billion yuan last week, with a cumulative net inflow of 4723 billion yuan since the beginning of 2024 [3][18] - The cumulative net inflow since the opening of southbound funds reached approximately 2.98 trillion yuan [18] Margin Trading - The average margin purchase amount last week was 2775.7 billion yuan, an increase of 116.15% compared to the previous week, accounting for 1.67 percentage points more of the A-share trading volume [20][21] - The margin trading balance as of October 11 was approximately 1.58 trillion yuan, an increase of 9.72% compared to the previous week [20][21] - The industries with the highest net margin purchases were electronics (175.08 billion yuan), non-bank financials (174.52 billion yuan), computers (98.67 billion yuan), and machinery (90.84 billion yuan) [21] Fundraising - In October 2024, 2 companies conducted IPOs, raising a total of 6.4 billion yuan [3][22] - As of October 11, there were no companies participating in private placements [22]