A股，大反攻！见证历史：两天买入超1780亿！

Core Viewpoint - The A-share market is experiencing a significant influx of capital, primarily driven by substantial net inflows into ETFs, which are providing crucial support for market stabilization [2][4][5]. Group 1: Market Performance - On April 8, the A-share market rebounded, with the Shanghai Composite Index turning positive and the North China 50 Index surging by 6.88% [2]. - The semiconductor sector saw notable gains, with stocks like National Technology and Unisplendour hitting the daily limit [2]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.12 trillion yuan, indicating a significant increase compared to the previous trading day [2]. Group 2: ETF Inflows - On April 8, ETFs recorded a net inflow of 1117.8 billion yuan, setting a new historical high, surpassing the previous record of 1093.94 billion yuan on October 8 of the previous year [4]. - Within this, stock ETFs accounted for 1062.75 billion yuan of the inflow, a substantial increase from 689.96 billion yuan on April 7 [4]. - Six major broad-based ETFs attracted over 100 billion yuan each in net inflows, contributing significantly to the overall increase in stock ETF investments [4]. Group 3: Institutional Support - Central enterprises, including Huijin Investment and China Chengtong, have announced increased purchases of ETFs to stabilize the capital market, signaling a commitment to long-term investment [5]. - The People's Bank of China is providing sufficient funding support to Huijin Investment through relending, creating a closed loop of policy tools, funding channels, and market operations [5]. - As of the end of 2024, institutional investors hold 66.9% of stock ETFs, with state-owned institutions like Huijin Investment being major holders [6]. Group 4: Public Fund Actions - Public funds are actively purchasing their own equity funds to support market stability, with several funds announcing significant self-purchases [8][9]. - Notable fund companies, including Bosera and Pengyang, have committed to investing millions in their equity funds to bolster market confidence [8][9]. - A total of 14 new technology-focused ETFs have raised over 170 billion yuan, indicating a strong pipeline of capital entering the market [11]. Group 5: Policy Impact - Recent policy measures have injected confidence into the market, with the introduction of a "Chinese version of the stabilization fund" aimed at mitigating market risks [13]. - The combination of government policies and institutional support is expected to enhance market stability and foster a recovery phase [12][13].