ETF市场流动性动态报告：科创50回调，黄金ETF上涨

Market Overview - China's 10-year Treasury yield remained flat at 1.83% last Friday while the US 10-year Treasury yield declined to 4.10% [1][9] - The average daily trading volume of the Shanghai and Shenzhen stock markets was RMB 2567.2 billion, down about 13% from the previous week. The margin trading balance reached a record high of about RMB 2271.3 billion on Friday [1][9] - Newly issued equity ETFs totaled 3 with a combined issuance size of about 1.32 billion shares last week [9] - The Shanghai Composite Index dropped 1.18%, the ChiNext Index rose 2.35%, and the STAR 50 Index fell 5.42%. Among the Shenwan primary industries, power equipment and comprehensive sectors led the gains while national defense and military industry and computer sectors declined significantly [1][10] - The congestion indicator of the power equipment industry issued a warning last week [10] ETF Market Overall Situation - The overall ETF market had a net inflow of about RMB 47.7 billion in subscriptions and redemptions last week. Bond ETFs had a net inflow of about RMB 11.3 billion, cross-border ETFs about RMB 13.4 billion, and equity ETFs about RMB 1.9 billion [2][24] - A total of 11 ETF funds were listed for trading with a combined share of about 7.6 billion, and 8 ETFs with a combined share of about 4 billion were awaiting listing [2] Equity ETFs - Broad-based ETFs had a net outflow of about RMB 21.4 billion, with ChiNext ETFs and STAR 50 ETFs experiencing net outflows. Industry and theme ETFs such as securities and chemical ETFs had continued net inflows, as did Hong Kong technology and securities concept ETFs [2][24] - Gold ETFs rose 3.78% last week due to increased expectations of a Fed rate cut this month [2][24] Newly Listed and Pending ETFs - 11 ETFs were listed last week with a total share of about 7.6 billion, and 8 ETFs with a total share of about 4 billion were waiting to be listed [2][39]