ETF流出有所扩大，资金整体流入放缓

Market Pricing Status - The trading heat in the market has slightly declined, with turnover rates decreasing and net capital inflows reducing [8][24][28] - The average daily trading volume for the entire A-share market decreased to 18.1 billion, down from 18.5 billion the previous week [8] - The proportion of stocks rising in the A-share market dropped to 31.9%, with a median weekly return of -1.48% [8][9] A-Share Liquidity Tracking - ETF outflows have accelerated, with overall capital inflows slowing down [24][28] - The new issuance scale of equity funds decreased to 8.87 billion, down from 19.41 billion [35] - Foreign capital inflow into the A-share market was 25.9 million USD, with the northbound capital transaction proportion dropping to 11.6% [46][48] A-Share Industry Allocation - Financing capital is flowing into the pharmaceutical and electronics sectors, while foreign capital is entering the banking sector [3][46] - The net inflow for the pharmaceutical sector was 6.7 billion, and for electronics, it was 6.06 billion [3] - The ETF capital flow showed net inflows in food and beverage (+0.95 billion) and coal (+0.22 billion), while electronics (-11.09 billion) and pharmaceuticals (-6.46 billion) experienced net outflows [3][46] Hong Kong and Global Capital Flow - Southbound capital inflows increased, with net purchases rising to 59.02 billion, the highest since 2022 [4][48] - The Hang Seng Index fell by 3.5%, with major global markets also experiencing declines, particularly the French CAC40 index, which dropped by 3.7% [4][48] - Foreign capital primarily flowed into developed markets, with the US receiving 4.06 billion and the UK 0.98 billion [4][48]