黄金类ETF，集体回调；国内最大碳化硅半导体基地投产；集中上市！增量资金来了→

Market Overview - On May 29, the Xinchuang ETF rose by 6.41%, leading the ETF market, while several fintech and Hong Kong innovative drug-related ETFs increased by over 4% [1][8] - Gold-related ETFs collectively retreated, with the top ten declines in the ETF market being these products [1][8] - New funds continue to flow into the market, with 23 ETFs launched in May and 9 more set to debut, injecting incremental capital into the market [1][8] Macro News - The Central Committee and State Council issued opinions to enhance the market-oriented allocation of resource and environmental factors, aiming for a well-established carbon emission rights and water rights trading system by 2027 [3] - From January to April, large-scale light industry enterprises achieved revenue of 7.35 trillion yuan, a year-on-year increase of 4.9%, and profits of 419.06 billion yuan, up 3.8% [3] - The Ministry of Finance plans to issue 710 billion yuan of 30-year fixed-rate bonds, with a coupon rate of 1.88% [3] Industry Developments - The first batch of silicon carbide wafers from the Changfei Advanced Wuhan base has officially been put into production, marking it as the largest silicon carbide semiconductor base in China, expected to contribute 30% of the domestic silicon carbide wafer capacity [10] - The base, with a total investment exceeding 20 billion yuan, aims to produce 360,000 six-inch silicon carbide wafers annually, meeting the manufacturing needs of 1.44 million electric vehicles [10] Company News - Honor's CEO announced at the launch of the Honor 400 series that the company has completed its restructuring and is preparing for an IPO, having engaged various intermediaries for the process [9][12] - Nvidia reported a revenue of 44.1 billion USD for Q1 of the 2026 fiscal year, a 12% increase quarter-on-quarter and a 69% increase year-on-year, although net profit decreased by 15% quarter-on-quarter [12] - A new hydrogen energy investment fund initiated by Sinopec has been registered, with an initial scale of 5 billion yuan, focusing on the entire hydrogen energy industry chain [10]