加仓！

Core Viewpoint - On July 30, the A-share market experienced fluctuations with the three major indices showing mixed results, while stock ETFs saw a net inflow of 7.5 billion yuan, indicating investor interest in certain sectors despite market volatility [2][5]. Summary by Sections ETF Fund Flows - On July 30, stock ETFs had a net inflow of 7.5 billion yuan, with significant inflows into the ChiNext index and Hong Kong-related ETFs, covering sectors such as technology, finance, pharmaceuticals, and the internet [2][5]. - The total number of stock ETFs in the market reached 1,159, with a total scale of 3.83 trillion yuan as of July 30 [4]. Top Performing ETFs - Among the ETFs, 38 saw net inflows exceeding 100 million yuan, with the top three being: - E Fund ChiNext ETF: 1.542 billion yuan - E Fund Hong Kong Securities ETF: 976 million yuan - Fuguo Hong Kong Internet ETF: 811 million yuan [5][6]. - The leading sectors for net inflows included: - Hong Kong Technology: 2.72 billion yuan - ChiNext Index: 1.98 billion yuan - Hong Kong Finance: 1.71 billion yuan - Hong Kong Pharmaceuticals: 1.21 billion yuan - Hong Kong Internet: 990 million yuan [5][6]. Underperforming ETFs - Conversely, 20 stock ETFs experienced net outflows, with notable losses in broad-based and industry ETFs, including: - Four ETFs tracking the CSI 300 Index, with a total outflow exceeding 2.1 billion yuan - Four pharmaceutical-related ETFs, with total outflows over 1 billion yuan - Four CSI A500 ETFs, with outflows nearing 700 million yuan [9]. Market Outlook - Analysts from YinHua Fund and JiaShi Fund expressed optimism regarding the A-share market's resilience due to stable economic fundamentals and supportive policies, anticipating a positive impact on market sentiment [9]. - The Hong Kong market is expected to benefit from valuation recovery and liquidity improvements post-September 2024, with strong performance anticipated in technology and innovative pharmaceutical sectors [9].