偏股型公募新发创今年3月以来新高：流动性&交易拥挤度&投资者温度计周报-20251104

Group 1: Liquidity and Fund Flow - The issuance of equity mutual funds reached a new high since March this year, with new shares totaling 22.35 billion units, up from 6.04 billion units previously, marking a significant increase[12] - Net inflow of leveraged funds slightly increased, with a total margin balance exceeding 2 trillion yuan, placing it in the 99th percentile over the past three years[16] - Southbound capital saw a cumulative net inflow of over 600 billion yuan in the past five months, with a weekly net inflow of 25.18 billion yuan, ranking in the 82nd percentile historically[44] Group 2: Trading Activity and Investor Sentiment - The trading heat for coal increased by 28 percentage points to 49%, while central enterprises rose by 27 percentage points to 59%, and banks by 25 percentage points to 66%[2] - The overall market saw a net inflow of retail investor funds amounting to 144.78 billion yuan, an increase of 76.52 billion yuan from the previous value, placing it in the 81.1 percentile over the past five years[2] - The Shanghai Composite Index broke through 4,000 points on October 28, leading to an increase in A-share search interest on social media[2] Group 3: Fund Demand and Corporate Actions - Equity financing amounted to 18.47 billion yuan, with IPOs contributing 9.17 billion yuan and refinancing 9.30 billion yuan, ranking in the 72nd percentile historically[30] - The net reduction in industrial capital was 72.2 billion yuan, a decrease from the previous 93.2 billion yuan, indicating a decline in net selling activity[33] - The total amount of repurchases by listed companies decreased to 940 million yuan from 1.31 billion yuan, placing it in the 22nd percentile historically[27]