流动性10月第4期：融资买入额增速放缓，南下资金偏爱消费

Macro Liquidity - The 2-year and 10-year government bond yields in China decreased, with the yield spread widening to 0.7068%[7] - The central bank's net liquidity withdrawal was 851.4 billion CNY last week, and the MLF net withdrawal for October was 89 billion CNY[7] - The 10-year U.S. Treasury yield rose to 4.37%, while the dollar index remained stable at 104.32[10] Market Liquidity - A total of 926 new funds were established from January to October 2024, slightly down from 973 in the same period of 2023, with total issuance of 887.1 billion units[12] - In October, 55 new funds were launched, with 28 being equity funds, accounting for 45.5% of the total issuance of approximately 151.7 billion units[12] - The number of new ETF funds established in 2024 was 128, up from 116 in 2023, with 7 new equity ETFs launched in October, totaling 1.99 billion units[14] Southbound Capital - Southbound capital saw a net inflow of approximately 140 billion CNY last week, with a total net inflow of 542.1 billion CNY year-to-date[20] - The consumer sector had the highest net inflow among styles, with 130 billion CNY, followed by technology with 49 billion CNY[21] - Cumulative net inflow since the opening of southbound trading is approximately 3.05 trillion CNY[20] Margin Financing - Margin trading buy amounts increased to an average of 199.8 billion CNY last week, a 4.5% increase from the previous week, but the proportion of margin trading in total A-share turnover decreased to 10.4%[23] - The top sectors for net margin financing were electronics (73.4 billion CNY), computers (57.4 billion CNY), and automobiles (33.2 billion CNY)[23] Fundraising - In October, 11 companies conducted IPOs, raising a total of 4.97 billion CNY, while the total equity financing scale for the month was 14.53 billion CNY[25] - In October, 10 companies participated in private placements, raising a total of 7.11 billion CNY[25]