Summary of Key Points Core Viewpoint - The trading volume of non-currency ETFs reached 219.76 billion, with 42 ETFs exceeding 1 billion in trading volume, indicating a significant increase in market activity [1]. Group 1: Trading Volume and Performance - The Short-term Bond ETF (511360.SH) had a trading volume of 18.918 billion, while the Ten-Year Treasury ETF (511260.SH) and Company Bond ETF (511110.SH) had volumes of 11.214 billion and 9.989 billion respectively, leading the market [1]. - The Company Bond ETF (511110.SH) saw a trading volume increase of 158.73% compared to the previous trading day, with a recent average trading volume of 6.307 billion over the last five days [2]. - The S&P 500 ETF (159612.SZ) experienced a trading volume increase of 393.58% compared to the previous trading day, with a recent average trading volume of 3.47 billion [3]. Group 2: Turnover Rate - The S&P Consumption ETF had a turnover rate of 398.61%, leading the market, followed by the S&P 500 ETF at 174.69% and the 0-4 Year Treasury ETF at 118.17% [7]. - The Company Bond ETF (511110.SH) had a turnover rate increase of 150.46% compared to the previous trading day, indicating heightened trading activity [2]. Group 3: ETF Performance - The S&P 500 ETF (159612.SZ) saw a decline of 4.41% on the day, but had increases of 3.25% and 7.45% over the last five and twenty days respectively [3][10]. - The Short-term Bond ETF (511360.SH) and Company Bond ETF (511110.SH) also showed positive performance trends over the recent periods, with slight increases in their values [2][3]. Group 4: Market Composition - The market includes a variety of ETFs, with a total of 5 broad-based ETFs and 4 industry-themed ETFs, indicating a diverse investment landscape [8][9]. - The broad-based ETFs include the S&P 500 ETF and the Saudi ETF, while industry-themed ETFs include the S&P Consumption ETF and various Hong Kong healthcare ETFs [1][9].

ETF Performance Overview - The Huatai-PB CSI 300 ETF has a market value of CNY 368.77 billion and a decline of 0.79% with an RSI of 30.88, indicating a near oversold condition[4] - The E Fund CSI 300 ETF also shows a decline of 0.79% with a market value of CNY 260.36 billion and an RSI of 45.05, suggesting moderate market strength[4] - The CSI 500 ETFs, such as the Southern CSI 500 ETF, have experienced a decline of 1.00% with a market value of CNY 109.87 billion and an RSI of 44.88, indicating a weak market[4] Market Trends and Indicators - The overall market sentiment is reflected in the RSI values, with several ETFs showing RSI below 30, indicating oversold conditions, such as the Tianhong CSI 300 ETF with an RSI of 45.32[4] - Net purchases for the Huatai-PB CSI 300 ETF were negative at CNY -5.49 billion, indicating a trend of selling pressure[4] - The trading volume for the Huatai-PB CSI 300 ETF was CNY 23.31 billion, reflecting active trading despite the price decline[4] Sector-Specific Insights - The Consumer Electronics sector ETFs, such as the Huaxia National Index Consumer Electronics ETF, have shown a decline of 0.63% with an RSI of 55.27, indicating a relatively stable market[6] - The Non-Bank sector ETFs, including the E Fund Non-Bank ETF, have experienced a decline of 1.66% with an RSI of 47.50, suggesting a cautious outlook[6] - The New Energy sector ETFs, like the Southern CSI New Energy ETF, have shown a decline of 1.16% with an RSI of 44.37, indicating potential weakness in this sector[6]

Group 1: ETF Dividend Records - Huatai-PB CSI 300 ETF announced a record dividend amount of 8.4 billion yuan, setting a new record for single fund dividends in the domestic ETF market [1] - Other ETFs such as Huaxia CSI 300 ETF and Jiashi CSI 300 ETF also reported single dividends exceeding 1 billion yuan this year, indicating a trend of increasing dividend distributions among ETFs [1] Group 2: Hong Kong Themed ETFs - In June, Hong Kong themed ETFs saw a net inflow of over 2.5 billion yuan, with several ETFs reaching historical highs in terms of shares [2] - The Huatai-PB Hong Kong Stock Connect Innovative Drug ETF reached a record share count of 4.328 billion, with a total scale of 6.538 billion yuan, marking a more than fivefold increase in share count this year [2] Group 3: Public REITs Approval - The first two public REITs focused on data centers, managed by Southern Fund, were approved for listing on the Shanghai and Shenzhen stock exchanges [3] - This approval marks a significant expansion of the public REITs market in China, diversifying underlying assets to include data centers, thus meeting various investor preferences [3] Group 4: Inclusion of Sci-Tech Board ETFs - The China Securities Regulatory Commission announced the inclusion of Sci-Tech Board ETFs in the investment scope for fund advisors, aiming to attract more long-term capital [4] - As of June 17, 2025, there are 92 ETFs related to the Sci-Tech Board, with a total scale nearing 280 billion yuan, including four ETFs exceeding 10 billion yuan [4] Group 5: Launch of Sci-Tech Bond ETFs - Ten fund management companies, including E Fund and Bosera, have submitted applications for the first batch of Sci-Tech Bond ETFs [5][6] - These ETFs will track various indices related to AAA-rated technology innovation company bonds, with some set to be listed on the Shanghai Stock Exchange and others on the Shenzhen Stock Exchange [6] Group 6: Market Performance Overview - On June 19, the market experienced a decline, with the Shanghai Composite Index falling by 0.79% and the Shenzhen Component Index by 1.21% [8] - Despite the overall market downturn, certain sectors such as oil and gas stocks showed resilience, with significant gains in related ETFs [8]

首批科创债ETF来了！ 6月18日上午，证监会主席吴清在陆家嘴论坛上表示，大力发展科创债，优化发行、交易制度安排，推 动完善贴息、担保等配套机制，加快推出科创债ETF。 此次首批上报的10只科创债ETF投资标的为交易所科创债，跟踪指数有三只：分别是上证AAA科技创新 公司债指数、深证AAA科技创新公司债指数、中证AAA科技创新公司债指数。 陈健宾介绍，景顺长城深证AAA科创债ETF跟踪深AAA科创债指数，该指数精选深交所上市的AAA评 级科技创新公司债，主体以央企、国企及优质科技民企为主，兼具高信用资质与政策支持。数据显示， 截至2025年6月9日，该指数过去1年的年化收益率3.51%，呈现"较高收益、较低波动"的特征。 对于即将面市的深市科创债ETF，陈健宾认为，这将有利于打通深市科技领域ETF"债股联动"新循环。 从债市来看，科创债能为科技领域提供低成本的融资，更好服务新质生产力；从股市来看，二级市场资 金通过ETF支持科技领域上市公司。债股联动，形成从融资到投资的闭环，更好服务实体经济。同时， 有望吸引更多专业机构参与深市ETF市场，事实上，券商自营、银行自营、银行理财、保险资管、私募 等各类机构均对信 ...

Report Summary 1. Market Overview - On June 18, 2025, the Shanghai Composite Index rose 0.04% to 3388.81, the Shenzhen Component Index rose 0.24% to 10175.59, and the ChiNext Index rose 0.23% to 2054.73. The total trading volume of A - shares in the two markets was 1221.8 billion yuan. The top - performing sectors were electronics (1.50%), communication (1.39%), and national defense and military industry (0.95%), while the bottom - performing sectors were beauty care (-1.73%), real estate (-1.35%), and building materials (-1.22%) [2][6]. 2. Stock ETFs - The top - traded stock ETFs included:嘉实中证 A500ETF with a 0.00% change and a 0.05% discount rate;华夏中证 A500ETF down 0.11% with a 0.00% discount rate; and华夏上证科创板 50ETF up 0.59% with a 0.56% discount rate [3][7]. - The top ten stock ETFs by trading volume are presented in Chart 1, with details such as price, change rate, tracking index change, IOPV, discount rate, trading volume, and latest share reference [8]. 3. Bond ETFs - The top - traded bond ETFs were:南方上证基准做市公司债 ETF up 0.00% with a 0.10% discount rate;海富通中证 short - term financing ETF up 0.01% with a - 0.00% discount rate; and富国中债 7 - 10 - year policy - financial bond ETF up 0.04% with a 0.05% discount rate [4][9]. - The top five bond ETFs by trading volume are shown in Chart 2, including price, change rate, discount rate, and trading volume [10]. 4. Gold ETFs - Gold AU9999 fell 0.17% and Shanghai Gold rose 0.08%. The top - traded gold ETFs were:华安黄金 ETF up 0.05% with a - 0.08% discount rate;易方达黄金 ETF up 0.12% with a - 0.04% discount rate; and博时黄金 ETF up 0.05% with a - 0.07% discount rate [12]. - The top five gold ETFs by trading volume are presented in Chart 3, with price, change rate, trading volume, IOPV, and discount rate details [13]. 5. Commodity Futures ETFs -建信易盛郑商所能源化工期货 ETF rose 2.82% with a 3.23% discount rate;华夏饲料豆粕期货 ETF fell 0.60% with a - 0.01% discount rate; and大成有色金属期货 ETF rose 0.48% with a 0.39% discount rate [13]. - Details of commodity futures ETFs, including price, change rate, trading volume, IOPV, discount rate, tracking index, and tracking index change, are shown in Chart 4 [14]. 6. Cross - border ETFs - The previous trading day, the Dow Jones Industrial Average fell 0.70%, the Nasdaq fell 0.91%, the S&P 500 fell 0.84%, and the German DAX fell 1.12%. On June 18, the Hang Seng Index fell 1.12% and the Hang Seng China Enterprises Index fell 1.46%. The top - traded cross - border ETFs were:广发中证香港创新药 ETF up 0.36% with a - 0.12% discount rate;易方达中证香港证券 investment theme ETF down 2.85% with a - 2.63% discount rate; and华夏恒生科技 ETF down 0.98% with a - 1.15% discount rate [15]. - The top five cross - border ETFs by trading volume are shown in Chart 5, including trading volume, change rate, and discount rate [16]. 7. Money ETFs - The top - traded money ETFs were银华日利 ETF,华宝添益 ETF, and货币 ETF 建信添益 [17]. - The top three money ETFs by trading volume are presented in Chart 6, showing their trading volumes [19]. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. Report's Core View The report provides a comprehensive overview of the market performance on June 18, 2025, including the performance of the A - share market, various types of ETFs (stock, bond, gold, commodity futures, cross - border, and money), and relevant market data such as price changes, discount rates, and trading volumes. It aims to offer market participants a snapshot of the current market situation for different asset classes.

Group 1: Fund Management Changes - Bank of China Fund announced the resignation of Chairman Zhang Yan due to work adjustments, effective June 16, with Executive President Zhang Jiawen acting as interim chairman [1] - Xinyuan Fund appointed two new deputy general managers: Zhang Pengfei and Yang Xiaoyu, both of whom joined the company in December 2022 [2] - Wu Huijuan resigned from all managed products at Green Fund due to personal reasons, with her management tenure being less than four months [4] Group 2: Fundraising and Market Activity - Dongfanghong Yingfeng Stable 6-Month Holding FOF announced an early end to its fundraising on June 17, with a maximum fundraising scale of 8 billion RMB [3] - The stock market showed a slight recovery with the Shanghai Composite Index up 0.04% and the Shenzhen Component Index up 0.24%, with total trading volume at 1.19 trillion RMB, a decrease of 161 billion RMB from the previous trading day [5] Group 3: ETF Market Insights - Energy Chemical ETF led the market with a gain of 2.82%, while several 5G and communication-related ETFs also performed well [5][6] - The aerospace sector is highlighted as a key beneficiary due to increasing military expenditures globally, with Chinese military enterprises gaining recognition in international arms trade [8] Group 4: Upcoming Fund Launches - Huatai Baoxing plans to launch a new index fund focused on the STAR Market, managed by Shang Shuo Hui, with a performance benchmark linked to the STAR Market Composite Index [9]

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Market Overview - The Shanghai Composite Index fell by 0.04% to close at 3387.4 points, with a daily high of 3393.31 points [1] - The Shenzhen Component Index decreased by 0.12% to 10151.43 points, reaching a high of 10198.98 points [1] - The ChiNext Index dropped by 0.36% to 2049.94 points, with a peak of 2063.08 points [1] ETF Market Performance - The median return of stock ETFs was -0.15% [2] - The highest performing scale index ETF was ICBC Credit Suisse CSI 2000 ETF with a return of 1.92% [2] - The top industry index ETF was E Fund CSI Green Power ETF, returning 1.04% [2] - The highest return among thematic index ETFs was Huitianfu CSI Oil and Gas Resources ETF at 1.91% [2] ETF Performance Rankings - The top three ETFs by return were: 1. ICBC Credit Suisse CSI 2000 ETF: 1.92% [4] 2. Huitianfu CSI Oil and Gas Resources ETF: 1.91% [4] 3. Yinhua CSI Oil and Gas Resources ETF: 1.66% [4] - The worst performing ETFs included: 1. Tianhong Hang Seng Shanghai-Shenzhen-Hong Kong Innovative Drug Selection 50 ETF: -3.85% [5] 2. E Fund CSI Shanghai-Hong Kong-Shenzhen Innovative Drug Industry ETF: -3.83% [5] 3. Huatai-PB CSI Shanghai-Hong Kong-Shenzhen Innovative Drug Industry ETF: -3.64% [5] ETF Fund Flows - The top three ETFs by fund inflow were: 1. Huaxia Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF: 1.333 billion yuan [6] 2. E Fund Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF: 374 million yuan [6] 3. Guotai Junan CSI All-Share Securities Company ETF: 260 million yuan [6] - The largest outflows were from: 1. Southern CSI 1000 ETF: 247 million yuan [7] 2. ICBC Credit Suisse Shenzhen Dividend ETF: 239 million yuan [7] 3. Huatai-PB CSI 300 ETF: 212 million yuan [7] ETF Margin Trading Overview - The highest margin buy amounts were: 1. Huaxia Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF: 486 million yuan [8] 2. E Fund CSI 300 Medical and Health ETF: 218 million yuan [8] 3. Huaxia Shanghai 50 ETF: 210 million yuan [8] - The largest margin sell amounts were: 1. Southern CSI 1000 ETF: 49.79 million yuan [9] 2. Huatai-PB CSI 300 ETF: 13.79 million yuan [9] 3. Huaxia Shanghai 50 ETF: 8.31 million yuan [9] Industry Insights - Huatai Securities noted that the risk of disruption in the Strait of Hormuz, a key oil transport route, may lead to a new round of price increases in the shipping sector [10] - CITIC Securities highlighted that geopolitical tensions in the Middle East and Ukraine are driving significant fluctuations in oil prices, with Brent crude expected to range between $70 and $100 per barrel in the short term [11]

- The report tracks the performance of various enhanced index funds, including Huatai-Pinebridge CSI 500 Enhanced A (014305.OF) with an excess return of 1.23% over the benchmark last week[5][39] - The report highlights the performance of different enhanced strategy ETFs, such as the ChinaAMC CSI 1000 Enhanced Strategy ETF (159680.OF) which achieved an excess return of 0.71% last week and 14.58% over the past year[25][26] - The report mentions that among the CSI 1000 Enhanced Index Funds, Dacheng CSI 1000 Enhanced A (018661.OF) had the best performance over the past year with an excess return of 17.07%[40]

Market Overview - The market experienced a slight decline, with the Shanghai Composite Index down 0.25% and the Shenzhen Component down 0.60%. The ChiNext Index saw a minor increase of 0.22% [1] - Among 31 Shenwan first-level industries, 13 industries rose while 18 fell. The top three performing industries were non-ferrous metals (up 3.79%), oil and petrochemicals (up 3.50%), and agriculture, forestry, animal husbandry, and fishery (up 1.62%). The worst performers were food and beverage (down 4.37%), household appliances (down 3.26%), and building materials (down 2.77%) [1] Fund Flows - The ETF market saw a net outflow of 1.216 billion yuan last week, with stock ETFs experiencing a net outflow of 16.627 billion yuan. Conversely, bond ETFs continued to attract funds with a net inflow of 14.494 billion yuan [2] - Several credit bond indices received significant net subscriptions, including the Shanghai market municipal company bonds and Shenzhen market credit bonds, which saw net inflows of 8.460 billion yuan and 3.377 billion yuan, respectively [2] Stock Index Flows - The major broad-based indices faced net outflows, with the CSI A500, CSI 300, and ChiNext Index experiencing outflows of 4.633 billion yuan, 3.620 billion yuan, and 2.399 billion yuan, respectively [4] - The previously popular National Index for Xinchuang and CSI Xinchuang saw a combined net outflow of 3.154 billion yuan last week [5] ETF Performance - The median weekly return for stock ETFs was -0.14%, with the highest returns in the large financial sector ETFs at 0.84% [16] - The best-performing ETFs included the Fortune China Oil and Gas ETF and the Golden Stocks ETF, both of which saw cumulative gains exceeding 12% [17] New ETF Products - Two new ETFs were launched last week, including the Fortune National Index Hong Kong Stock Connect Consumer Theme ETF and the Huabao CSI Pharmaceutical ETF. Seven additional ETFs are set to be issued this week [25] Notable News - The global gold ETFs experienced a net outflow of 1.8 billion USD in May, marking the end of a five-month inflow streak [26] - The Shanghai Stock Exchange is accelerating efforts to include the ChiNext ETFs in the fund transfer platform, aiming to attract more social capital into key national support areas [27] - The Huatai-PineBridge CSI 300 ETF announced a cash dividend exceeding 8 billion yuan, setting a record for the largest single dividend in ETF history [28]