策略周报（20250310-20250314）-2025-03-18

Market Liquidity Overview - R007 increased from 1.81% to 1.83%, a rise of 2.05 basis points; DR007 rose from 1.8066% to 1.8121%, up by 0.55 basis points. The spread between R007 and DR007 increased by 1.5 basis points [9][12] - The net inflow of funds this week was -9.248 billion, an increase of 22.927 billion from the previous week, with total fund supply at 33.199 billion and demand at 42.446 billion. Fund supply increased by 24.025 billion, with net financing purchases up by 6.140 billion and ETF net subscriptions increasing by 19.231 billion [12][16] Industry Sector Liquidity Tracking - Most industries showed an upward trend in returns, with significant increases in the food and beverage, coal, and non-ferrous metals sectors, which rose by 6.24%, 4.97%, and 3.33% respectively. Conversely, the computer and electronics sectors experienced declines of 1.20% and 0.56% [18][22] - Nine sectors, including banking and retail, saw negative net purchases of leveraged funds, while the remaining sectors experienced net inflows. Notably, the non-ferrous metals and electronics sectors had significant net purchases of 3.353 billion and 2.477 billion respectively [22][27] Style Sector Liquidity Tracking - The average daily trading volume of growth style decreased by 4.02%, while other styles saw increases, particularly the cyclical style, which rose by 2.25%. The main funds in the stock connect reduced holdings in both stable and growth styles, with the most significant reduction in growth style [3][11]