我国境内ETF规模跃居亚洲第一【国信金工】

Market Review - The A-share market saw a decline across major indices, with the Small and Medium-sized Board Index, Shanghai Composite Index, and CSI 300 Index recording returns of -1.16%, -1.27%, and -1.33% respectively. In contrast, the STAR 50, ChiNext Index, and CSI 500 Index had poorer performance with returns of -5.76%, -3.28%, and -2.68% respectively [5][13] - The trading volume for major indices decreased last week, with all indices positioned within the 75%-95% historical percentile over the past 52 weeks [15][16] - In terms of industry performance, Food & Beverage, Textile & Apparel, and Banking sectors performed well with returns of 4.44%, 2.23%, and 2.08% respectively, while Non-ferrous Metals, Communication, and Electronics sectors lagged with returns of -8.46%, -6.73%, and -5.09% respectively [18][20] Fund Performance - A total of 40 new funds were established last week, with a combined issuance scale of 30.859 billion yuan, a decrease from the previous week. Additionally, 33 funds entered the issuance phase, with 6 funds set to begin issuance this week [3][4] - The median returns for active equity, flexible allocation, and balanced mixed funds were -2.00%, -1.34%, and -1.63% respectively last week. Year-to-date, alternative funds have shown the best performance with a median return of 6.96% [32][34] - The median excess return for index-enhanced funds was 0.09%, while quantitative hedging funds had a median return of 0.11%. Year-to-date, the excess median for index-enhanced funds was 0.39% [35][36] ETF Market - As of the end of 2025, the domestic ETF market in China surpassed Japan, becoming the largest in Asia, with a total scale of 6.02 trillion yuan and 1,381 listed ETF products, marking a growth of 61.4% from the previous year [7][10] - The Hang Seng Index Company announced the launch of the Hang Seng Dual Technology Index in January 2026, which combines the Hang Seng Technology Index and the Hang Seng Biotechnology Index, reflecting the growth in both sectors [10] Central Bank Actions - The People's Bank of China conducted a net withdrawal of 756 billion yuan through reverse repos last week, with a total of 1.0055 trillion yuan injected into the market [21][22] - The central bank has increased its gold reserves for 15 consecutive months, with the official gold reserve reaching 74.06 million ounces as of January 2026, an increase of 40,000 ounces from December 2025 [11]