大类资产早报-20251127

Report Information - Report Title: Big Asset Morning Report - Research Team: Macro Team of the Research Center - Date: November 27, 2025 [1] Global Asset Market Performance - 10 - Year Treasury Bonds: Data for major economies such as the US, UK, France, etc., are all marked as '-', indicating no available data presented [2] - 2 - Year Treasury Bonds: Data for major economies including the US, UK, Germany, etc., are all '-', showing no available data [2] - Exchange Rates: Data for the US dollar against major emerging - economy currencies like the Brazilian real, Russian ruble, etc., are all '-', with no available data [2] - Stock Indices: Data for major economies' stock indices such as the S&P 500, Dow Jones Industrial Average, etc., are all '-', meaning no available data [2] - Credit Bond Indices: Data for various credit bond indices including US investment - grade, euro - zone investment - grade, etc., are all '-', indicating no available data [2] Stock Index Futures Trading Data - Index Performance: A - share closed at 3864.18 with a - 0.15% change; the CSI 300 closed at 4517.63 with a 0.61% change; the SSE 50 closed at 2971.80 with a 0.12% change; the ChiNext closed at 3044.69 with a 2.14% change; the CSI 500 closed at 6965.05 with a 0.15% change [3] - Valuation: The PE(TTM) of the CSI 300 is 13.92 with a 0.00 change; the SSE 50 is 11.85 with a - 0.04 change; the CSI 500 is 31.74 with a 0.05 change [3] - Fund Flows: The latest A - share fund flow is - 610.83, the main - board is - 535.27, the ChiNext is - 96.51, and the CSI 300 is 67.16. The 5 - day average of A - shares is - 515.31, the main - board is - 447.60, the ChiNext is - 55.59, and the CSI 300 is - 65.88 [3] Other Trading Data - Transaction Amount: The latest total trading amount of the Shanghai and Shenzhen stock markets is 17833.46 with a - 288.01 change; the CSI 300 is 4273.61 with a 158.37 change; the SSE 50 is 972.58 with a - 7.74 change; the small - and - medium - sized board is 3572.97 with a - 150.94 change; the ChiNext is 5235.99 with a 11.44 change [4] - Main Contract Premium/Discount: For IF, the basis is - 24.63 with a - 0.55% change; for IH, the basis is - 7.20 with a - 0.24% change; for IC, the basis is - 55.65 with a - 0.80% change [4] - Treasury Bond Futures: Data for T2303, TF2303, T2306, TF2306 are all marked as '-', indicating no available data [4] - Funding Rates: R001 is 1.3672% with a - 15.00 BP change; R007 is 1.5205% with a 0.00 BP change; SHIBOR - 3M is 1.5790% with a 0.00 BP change [4]