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Core Viewpoint - On December 16, the A-share market experienced a turbulent adjustment, with a net inflow of over 15.7 billion yuan into stock ETFs across the market, indicating a strong interest in certain sectors despite overall market declines [2][4]. Group 1: ETF Fund Flows - The total net inflow of stock ETFs (including cross-border ETFs) reached 15.71 billion yuan on December 16 [4]. - Among the major categories, broad-based ETFs and Hong Kong market ETFs led the inflows, with net inflows of 6.18 billion yuan and 4.09 billion yuan, respectively [5]. - The net inflow for the CSI A500 index-related ETFs was 3.58 billion yuan, highlighting investor interest in this index [5]. Group 2: Leading Fund Companies - E Fund's ETF reached a latest scale of 808.78 billion yuan, with a net inflow of 3.08 billion yuan on December 16, and an increase of 208.13 billion yuan since 2025 [5]. - Huaxia Fund's ETFs, particularly the Hang Seng Technology Index ETF and the Sci-Tech 50 ETF, saw significant net inflows of 1.07 billion yuan and 0.86 billion yuan, respectively [5]. Group 3: Top Gaining ETFs - The top gaining ETFs by net inflow on December 16 included: - Hang Seng Technology Index ETF: 1.07 billion yuan [8] - A500 ETF (Huatai Baichuan): 1.04 billion yuan [8] - Sci-Tech 50 ETF: 0.86 billion yuan [8] - Other notable inflows were seen in the ChiNext ETF and the Hong Kong Stock Connect Technology ETF, with net inflows of 0.67 billion yuan and 0.57 billion yuan, respectively [8]. Group 4: ETFs with Significant Outflows - The ETFs with the largest net outflows included: - SSE 50 ETF: -1.04 billion yuan [9] - 800 ETF: -0.44 billion yuan [9] - ChiNext 50 ETF: -0.42 billion yuan [9] - The total outflow from broad-based ETFs like the CSI 300 ETF was -0.26 billion yuan, indicating a trend of capital withdrawal from these funds [9]. Group 5: Market Outlook - Industry analysts suggest that there is no need for excessive concern over short-term market fluctuations, as domestic policies continue to support the A-share market [9]. - The trend of domestic residents allocating to equity assets is still in its early stages, with expectations of accelerated foreign capital inflows into A-shares as the RMB appreciates [9].