流动性、交易拥挤度、投资者温度计周报：杠杆资金净流入重回高位-20250916

Liquidity - Leverage capital net inflow has returned to a high level, with a total inflow of 632 billion CNY, representing a 97% percentile over the past three years[10] - The net reduction of industrial capital has expanded to a historical high, with a net outflow of 136 billion CNY, also at a 97% percentile[10] - Southbound capital has seen a continuous net inflow of over 100 billion CNY weekly for four consecutive months, totaling nearly 430 billion CNY[2] Trading Congestion - The trading heat for photovoltaic industry has increased by 28 percentage points to 73%, while the mechanical industry has decreased by 39 percentage points to 19%[7] - The trading heat for new energy vehicles has risen by 20 percentage points to 44%, while the military industry has decreased by 21 percentage points to 46%[7] Investor Sentiment - Retail investors' net inflow in A-shares was 117.45 billion CNY, a decrease of 119.5 billion CNY from the previous value, placing it at the 65.8% percentile over the past five years[2] - The Shanghai Composite Index rose by 1.7% on September 11, driving a sustained high level of search interest in A-shares on social media platforms[2] - The trend of public funds clustering has strengthened, with a focus on value and sectors like consumption and cyclical industries[2]