Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Core View of the Report - The report presents a daily tracking and evaluation of the positions of four major stock index futures contracts (IF, IH, IC, IM) on July 28, 2025, including changes in total positions, positions of the main contracts, and significant changes in the top 20 seats [1][5][11]. 3. Summary by Related Catalogs IF (CSI 300) - **Total Position and Main Contract Position Changes**: On July 28, the total position of the IF variety increased by 3,663 lots, and the position of the main contract 2509 increased by 1,331 lots [5]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IF variety on that day, Guotai Junan Futures ranked first with a total position of 44,543 lots. Haitong Futures had the most long - position increase, adding 1,488 lots, while GF Futures had the most long - position decrease, reducing 745 lots [6]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IF variety on that day, CITIC Futures ranked first with a total position of 49,386 lots. CITIC Futures had the most short - position increase, adding 908 lots, while GF Futures had the most short - position decrease, reducing 1,354 lots [8]. IH (SSE 50) - **Total Position and Main Contract Position Changes**: On July 28, the total position of the IH variety decreased by 1,993 lots, and the position of the main contract 2509 decreased by 403 lots [11]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IH variety on that day, CITIC Futures ranked first with a total position of 11,226 lots. Orient Futures had the most long - position increase, adding 367 lots, while Haitong Futures had the most long - position decrease, reducing 983 lots [11]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IH variety on that day, CITIC Futures ranked first with a total position of 20,342 lots. CITIC Futures had the most short - position increase, adding 702 lots, while GF Futures had the most short - position decrease, reducing 1,102 lots [12]. IC (CSI 500) - **Total Position and Main Contract Position Changes**: On July 28, the total position of the IC variety increased by 3,134 lots, and the position of the main contract 2509 increased by 1,256 lots [16]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IC variety on that day, Guotai Junan Futures ranked first with a total position of 34,249 lots. Orient Futures had the most long - position increase, adding 1,064 lots, while Guotou Futures had the most long - position decrease, reducing 741 lots [17]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IC variety on that day, CITIC Futures ranked first with a total position of 40,763 lots. Orient Futures had the most short - position increase, adding 1,250 lots, while CITIC Futures had the most short - position decrease, reducing 821 lots [18]. IM (CSI 1000) - **Total Position and Main Contract Position Changes**: On July 28, the total position of the IM variety increased significantly by 11,728 lots, and the position of the main contract 2509 increased by 7,522 lots [22]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IM variety on that day, Guotai Junan Futures ranked first with a total position of 44,115 lots. Haitong Futures had the most long - position increase, adding 2,661 lots, while Huatai Futures had the most long - position decrease, reducing 459 lots [23]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IM variety on that day, CITIC Futures ranked first with a total position of 66,395 lots. Guotai Junan had the most short - position increase, adding 3,355 lots, while Guotou Futures had the most short - position decrease, reducing 571 lots [25].

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The report presents a daily tracking of the positions of stock index futures, including IF, IH, IC, and IM, showing that on July 25, 2025, the total positions of IF and IM decreased significantly, while those of IH and IC decreased slightly [1][5][11][17][22] 3. Summary by Related Catalogs IF - **Total Position and Main Contract Position Changes**: On July 25, the total position of the IF variety decreased by 11,192 hands, and the position of the main contract 2509 decreased by 7,721 hands [5] - **Top Twenty Long Position Seats**: Among the top twenty long position seats of the IF variety on that day, Guotai Junan Futures ranked first with a total position of 43,899 hands. Everbright Futures had the most long - position increase, with an intraday increase of 373 hands, while CITIC Futures had the most long - position decrease, with an intraday decrease of 2,766 hands [6] - **Top Twenty Short Position Seats**: Among the top twenty short position seats of the IF variety on that day, CITIC Futures ranked first with a total position of 48,478 hands. Shenyin Wanguo Futures had the most short - position increase, with an intraday increase of 99 hands, and CITIC Futures had the most short - position decrease, with an intraday decrease of 2,118 hands [8] IH - **Total Position and Main Contract Position Changes**: On July 25, the total position of the IH variety decreased by 3,451 hands, and the position of the main contract 2509 decreased by 2,625 hands [11] - **Top Twenty Long Position Seats**: Among the top twenty long position seats of the IH variety on that day, Guotai Junan Futures ranked first with a total position of 11,273 hands. Everbright Futures had the most long - position increase, with an intraday increase of 340 hands, and CITIC Futures had the most long - position decrease, with an intraday decrease of 1,001 hands [12] - **Top Twenty Short Position Seats**: Among the top twenty short position seats of the IH variety on that day, CITIC Futures ranked first with a total position of 19,640 hands. Everbright Futures had the most short - position increase, with an intraday increase of 940 hands, and CITIC Futures had the most short - position decrease, with an intraday decrease of 1,231 hands [13] IC - **Total Position and Main Contract Position Changes**: On July 25, the total position of the IC variety decreased by 4,233 hands, and the position of the main contract 2509 decreased by 2,797 hands [17] - **Top Twenty Long Position Seats**: Among the top twenty long position seats of the IC variety on that day, Guotai Junan Futures ranked first with a total position of 33,265 hands. Guotou Futures had the most long - position increase, with an intraday increase of 392 hands, and CITIC Futures had the most long - position decrease, with an intraday decrease of 1,211 hands [17] - **Top Twenty Short Position Seats**: Among the top twenty short position seats of the IC variety on that day, CITIC Futures ranked first with a total position of 41,584 hands. Haitong Futures had the most short - position increase, with an intraday increase of 456 hands, and Dongzheng Futures had the most short - position decrease, with an intraday decrease of 1,416 hands [18] IM - **Total Position and Main Contract Position Changes**: On July 25, the total position of the IM variety decreased by 11,290 hands, and the position of the main contract 2509 decreased by 8,546 hands [22] - **Top Twenty Long Position Seats**: Among the top twenty long position seats of the IM variety on that day, Guotai Junan Futures ranked first with a total position of 42,332 hands. Shenyin Wanguo Futures had the most long - position increase, with an intraday increase of 1,056 hands, and Guotai Junan Futures had the most long - position decrease, with an intraday decrease of 4,057 hands [22] - **Top Twenty Short Position Seats**: Among the top twenty short position seats of the IM variety on that day, CITIC Futures ranked first with a total position of 64,643 hands. J.P. Morgan had the most short - position increase, with an intraday increase of 536 hands, and Guotai Junan Futures had the most short - position decrease, with an intraday decrease of 4,459 hands [24]

Report Summary 1. Report Industry Investment Rating - No information provided on the industry investment rating in the given content. 2. Core Viewpoints - The report provides a daily tracking of the positions of stock index futures, including IF, IH, IC, and IM. It details the changes in total positions, positions of the main contracts, and the significant changes in the top 20 seats for each type of futures on July 15, 2025 [1][5][12][18][23]. 3. Summary by Related Catalogs IF (CSI 300) - **Total Position and Main Contract Position Changes**: On July 15, the total position of the IF variety increased by 3,863 lots, and the position of the main contract 2509 increased by 2,640 lots [5]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats, CITIC Futures had the largest increase in long positions, adding 1,950 lots, while Guotou Futures had the largest decrease, reducing 752 lots. Guotai Junan Futures ranked first with a total long - position of 47,614 lots [6]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats, Guotai Junan Futures had the largest increase in short positions, adding 1,693 lots, while Guotou Futures had the largest decrease, reducing 1,355 lots. CITIC Futures ranked first with a total short - position of 51,919 lots [8]. IH (SSE 50) - **Total Position and Main Contract Position Changes**: On July 15, the total position of the IH variety increased by 1,424 lots, and the position of the main contract 2509 increased by 1,546 lots [12]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats, Guotai Junan Futures had the largest increase in long positions, adding 1,360 lots, while CITIC Futures had the largest decrease, reducing 502 lots. Guotai Junan Futures ranked first with a total long - position of 13,206 lots [13]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats, CITIC Futures had the largest increase in short positions, adding 880 lots, while Baocheng Futures had the largest decrease, reducing 407 lots. CITIC Futures ranked first with a total short - position of 17,190 lots [14]. IC (CSI 500) - **Total Position and Main Contract Position Changes**: On July 15, the total position of the IC variety increased by 3,901 lots, while the position of the main contract 2507 decreased by 5,099 lots [18]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats, Guotai Junan Futures had the largest increase in long positions, adding 1,222 lots, while Dongzheng Futures had the largest decrease, reducing 482 lots. CITIC Futures ranked first with a total long - position of 36,494 lots [18]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats, Haitong Futures had the largest increase in short positions, adding 1,210 lots, while Dongzheng Futures had the largest decrease, reducing 473 lots. CITIC Futures ranked first with a total short - position of 44,182 lots [19]. IM (CSI 1000) - **Total Position and Main Contract Position Changes**: On July 15, the total position of the IM variety increased by 18,183 lots, and the position of the main contract 2509 increased by 13,659 lots [23]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats, CITIC Futures had the largest increase in long positions, adding 5,142 lots, while GF Futures had the largest decrease, reducing 900 lots. Guotai Junan Futures ranked first with a total long - position of 44,584 lots [24]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats, CITIC Futures had the largest increase in short positions, adding 4,962 lots, while Yong'an Futures had the largest decrease, reducing 229 lots. CITIC Futures ranked first with a total short - position of 67,026 lots [26].

1. Report Industry Investment Rating - There is no information provided regarding the report industry investment rating in the given content. 2. Core View of the Report - The report presents a daily tracking and analysis of the positions of stock index futures, including IF, IH, IC, and IM. It details the changes in total positions, positions of the main contracts, and the significant changes in the top 20 seats for each type of futures [1]. 3. Summary According to the Directory IF (CSI 300) - **Total Position and Main Contract Position Changes**: On July 3, the total position of the IF variety decreased by 481 lots, and the position of the main contract 2509 decreased by 663 lots [5]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IF variety on that day, Guotai Junan Futures ranked first with a total position of 42,227 lots. Haitong Futures had the largest increase in long positions, with an intraday increase of 361 lots, while Guotai Junan Futures had the largest decrease, with an intraday decrease of 1,216 lots [6]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IF variety on that day, CITIC Futures ranked first with a total position of 44,160 lots. Haitong Futures had the largest increase in short positions, with an intraday increase of 421 lots, while Guotai Junan Futures had the largest decrease, with an intraday decrease of 1,246 lots [8]. IH (SSE 50) - **Total Position and Main Contract Position Changes**: On July 3, the total position of the IH variety decreased by 1,877 lots, and the position of the main contract 2509 decreased by 921 lots [11]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IH variety on that day, Guotai Junan Futures ranked first with a total position of 9,076 lots. Shenyin Wanguo Futures had the largest increase in long positions, with an intraday increase of 146 lots, while CITIC Futures had the largest decrease, with an intraday decrease of 730 lots [12]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IH variety on that day, Guotai Junan Futures ranked first with a total position of 10,715 lots. GF Futures had the largest increase in short positions, with an intraday increase of 289 lots, while CITIC Futures had the largest decrease, with an intraday decrease of 674 lots [13]. IC (CSI 500) - **Total Position and Main Contract Position Changes**: On July 3, the total position of the IC variety increased by 1,566 lots, and the position of the main contract 2507 decreased by 153 lots [17]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IC variety on that day, CITIC Futures ranked first with a total position of 33,786 lots. Haitong Futures had the largest increase in long positions, with an intraday increase of 572 lots, while Huatai Futures had the largest decrease, with an intraday decrease of 1,010 lots [18]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IC variety on that day, CITIC Futures ranked first with a total position of 39,153 lots. Haitong Futures had the largest increase in short positions, with an intraday increase of 403 lots, while Dongzheng Futures had the largest decrease, with an intraday decrease of 251 lots [19]. IM (CSI 1000) - **Total Position and Main Contract Position Changes**: On July 3, the total position of the IM variety increased by 2,566 lots, and the position of the main contract 2509 increased by 2,343 lots [23]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IM variety on that day, Guotai Junan Futures ranked first with a total position of 40,357 lots. CITIC Futures had the largest increase in long positions, with an intraday increase of 870 lots, while Guoxin Futures had the largest decrease, with an intraday decrease of 397 lots [24]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IM variety on that day, CITIC Futures ranked first with a total position of 57,260 lots. Haitong Futures had the largest increase in short positions, with an intraday increase of 817 lots, while CITIC Futures had the largest decrease, with an intraday decrease of 1,067 lots [26].

Group 1: Report Core View - The report provides a daily tracking and brief review of the positions of stock index futures, including IF, IH, IC, and IM, with details on total positions, main - contract positions, and changes in the top 20 long and short positions [1][2] Group 2: IF Index Futures Total and Main - Contract Positions - On July 2, the total position of the IF variety increased by 676 lots, and the position of the main contract 2509 increased by 61 lots [5] Top 20 Long - Position Changes - Among the top 20 long - position seats of the IF variety, Guotai Junan Futures ranked first with a total position of 43,443 lots. Guotai Junan Futures had the largest long - position increase, adding 1,604 lots, while Everbright Futures had the largest long - position decrease, cutting 287 lots [6] Top 20 Short - Position Changes - Among the top 20 short - position seats of the IF variety, CITIC Futures ranked first with a total position of 44,199 lots. Guotai Junan Futures had the largest short - position increase, adding 723 lots, while CITIC Futures had the largest short - position decrease, cutting 448 lots [8] Group 3: IH Index Futures Total and Main - Contract Positions - On July 2, the total position of the IH variety decreased by 656 lots, and the position of the main contract 2509 decreased by 400 lots [11] Top 20 Long - Position Changes - Among the top 20 long - position seats of the IH variety, Guotai Junan Futures ranked first with a total position of 9,722 lots. Haitong Futures had the largest long - position increase, adding 301 lots, while Galaxy Futures had the largest long - position decrease, cutting 198 lots [12] Top 20 Short - Position Changes - Among the top 20 short - position seats of the IH variety, Guotai Junan Futures ranked first with a total position of 11,327 lots. CITIC Futures had the largest short - position increase, adding 343 lots, while GF Futures had the largest short - position decrease, cutting 477 lots [13] Group 4: IC Index Futures Total and Main - Contract Positions - On July 2, the total position of the IC variety decreased by 1,936 lots, and the position of the main contract 2507 decreased by 108 lots [17] Top 20 Long - Position Changes - Among the top 20 long - position seats of the IC variety, CITIC Futures ranked first with a total position of 33,243 lots. Haitong Futures had the largest long - position increase, adding 1,050 lots, while Guotai Junan Futures had the largest long - position decrease, cutting 1,004 lots [18] Top 20 Short - Position Changes - Among the top 20 short - position seats of the IC variety, CITIC Futures ranked first with a total position of 38,833 lots. Haitong Futures had the largest short - position increase, adding 479 lots, while Guotai Junan Futures had the largest short - position decrease, cutting 1,373 lots [19] Group 5: IM Index Futures Total and Main - Contract Positions - On July 2, the total position of the IM variety decreased by 8,772 lots, and the position of the main contract 2509 decreased by 5,718 lots [23] Top 20 Long - Position Changes - Among the top 20 long - position seats of the IM variety, Guotai Junan Futures ranked first with a total position of 40,430 lots. Guoxin Futures had the largest long - position increase, adding 268 lots, while CITIC Futures had the largest long - position decrease, cutting 3,155 lots [23] Top 20 Short - Position Changes - Among the top 20 short - position seats of the IM variety, CITIC Futures ranked first with a total position of 58,327 lots. Guoxin Futures had the largest short - position increase, adding 455 lots, while CITIC Futures had the largest short - position decrease, cutting 2,713 lots [24]

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core View of the Report - The total positions of IF, IH, IC, and IM in stock index futures all decreased on June 30, 2025, with significant position - reducing operations by major institutions such as Guojun and CITIC in multiple varieties [1][5][11] Group 3: Summary by Related Catalogs IF (CSI 300) - **Total Position and Main Contract Position Change**: On June 30, the total position of the IF variety decreased by 9,541 hands, and the position of the main contract 2509 decreased by 3,939 hands [5] - **Top Twenty Long - Position Seats**: Guotai Junan Futures ranked first with a total position of 42,147 hands. Guotou Futures had the most long - position increase (939 hands), and Guotai Junan Futures had the most long - position decrease (3,145 hands) [6] - **Top Twenty Short - Position Seats**: CITIC Futures ranked first with a total position of 45,186 hands. Huatai Futures had the most short - position increase (869 hands), and Guotai Junan Futures had the most short - position decrease (2,709 hands) [8] IH (SSE 50) - **Total Position and Main Contract Position Change**: On June 30, the total position of the IH variety decreased by 8,594 hands, and the position of the main contract 2509 decreased by 3,937 hands [11] - **Top Twenty Long - Position Seats**: Guotai Junan Futures ranked first with a total position of 9,949 hands. Shenyin Wanguo Futures had the most long - position increase (126 hands), and Guotai Junan Futures had the most long - position decrease (1,881 hands) [12] - **Top Twenty Short - Position Seats**: Guotai Junan Futures ranked first with a total position of 12,316 hands. Huatai Futures had the most short - position increase (153 hands), and Guotai Junan Futures had the most short - position decrease (2,154 hands) [13] IC (CSI 500) - **Total Position and Main Contract Position Change**: On June 30, the total position of the IC variety decreased by 7,778 hands, and the position of the main contract 2507 decreased by 4,070 hands [17] - **Top Twenty Long - Position Seats**: CITIC Futures ranked first with a total position of 33,338 hands. Haitong Futures had the most long - position increase (946 hands), and CITIC Futures had the most long - position decrease (2,704 hands) [18] - **Top Twenty Short - Position Seats**: CITIC Futures ranked first with a total position of 39,501 hands. UBS Futures had the most short - position increase (963 hands), and CITIC Futures had the most short - position decrease (3,796 hands) [20] IM (CSI 1000) - **Total Position and Main Contract Position Change**: On June 30, the total position of the IM variety decreased by 19,165 hands, and the position of the main contract 2509 decreased by 9,029 hands [23] - **Top Twenty Long - Position Seats**: Guotai Junan Futures ranked first with a total position of 40,658 hands. Nanhua Futures had the most long - position increase (108 hands), and CITIC Futures had the most long - position decrease (6,311 hands) [24] - **Top Twenty Short - Position Seats**: CITIC Futures ranked first with a total position of 58,581 hands. J.P. Morgan Futures had the most short - position increase (109 hands), and CITIC Futures had the most short - position decrease (6,396 hands) [25]

1. Report Industry Investment Rating - No relevant content found 2. Core Viewpoints of the Report - On June 26, 2025, the report provides a daily tracking and analysis of the positions of stock index futures, including IF, IH, IC, and IM [1][6][12] 3. Summary According to the Catalog 3.1 IF - **Total Position and Main Contract Position Changes**: On June 25, the total position of the IF variety increased by 12,395 lots, and the main contract switched to 2509 with an increase of 6,129 lots [6] - **Top Twenty Long Position Changes**: Among the top twenty long positions of the IF variety on that day, CITIC Futures had the largest increase in long positions, with an intraday increase of 3,086 lots; Guotou Futures had the largest decrease, with an intraday decrease of 390 lots. Guotai Junan Futures ranked first with a total position of 44,938 lots [7] - **Top Twenty Short Position Changes**: Among the top twenty short positions of the IF variety on that day, CITIC Futures had the largest increase in short positions, with an intraday increase of 2,309 lots; Huawen Futures had the largest decrease, with an intraday decrease of 244 lots. CITIC Futures ranked first with a total position of 47,896 lots [9] 3.2 IH - **Total Position and Main Contract Position Changes**: On June 25, the total position of the IH variety increased by 5,800 lots, and the main contract 2509 increased by 2,025 lots [12] - **Top Twenty Long Position Changes**: Among the top twenty long positions of the IH variety on that day, Guotai Junan Futures had the largest increase in long positions, with an intraday increase of 1,282 lots; Huawen Futures had the largest decrease, with an intraday decrease of 229 lots. Guotai Junan Futures ranked first with a total position of 11,192 lots [13] - **Top Twenty Short Position Changes**: Among the top twenty short positions of the IH variety on that day, Guotai Junan Futures had the largest increase in short positions, with an intraday increase of 1,366 lots; Galaxy Futures had the largest decrease, with an intraday decrease of 118 lots. CITIC Futures ranked first with a total position of 13,881 lots [14] 3.3 IC - **Total Position and Main Contract Position Changes**: On June 25, the total position of the IC variety increased by 12,814 lots, and the main contract switched to 2507 with an increase of 4,175 lots [18] - **Top Twenty Long Position Changes**: Among the top twenty long positions of the IC variety on that day, Guotai Junan Futures had the largest increase in long positions, with an intraday increase of 3,141 lots; Yong'an Futures had the largest decrease, with an intraday decrease of 484 lots. CITIC Futures ranked first with a total position of 37,561 lots [19] - **Top Twenty Short Position Changes**: Among the top twenty short positions of the IC variety on that day, Guotai Junan Futures had the largest increase in short positions, with an intraday increase of 2,871 lots; Ping An Futures had the largest decrease, with an intraday decrease of 26 lots. CITIC Futures ranked first with a total position of 45,259 lots [20] 3.4 IM - **Total Position and Main Contract Position Changes**: On June 25, the total position of the IM variety increased by 20,157 lots, and the main contract 2509 increased by 13,919 lots [24] - **Top Twenty Long Position Changes**: Among the top twenty long positions of the IM variety on that day, CITIC Futures had the largest increase in long positions, with an intraday increase of 3,304 lots; Zheshang Futures had the largest decrease, with an intraday decrease of 437 lots. Guotai Junan Futures ranked first with a total position of 46,099 lots [25] - **Top Twenty Short Position Changes**: Among the top twenty short positions of the IM variety on that day, CITIC Futures had the largest increase in short positions, with an intraday increase of 5,278 lots; CITIC Construction Investment Futures had the largest decrease, with an intraday decrease of 65 lots. CITIC Futures ranked first with a total position of 67,479 lots [27]

Report Summary 1. Report Industry Investment Rating - No information provided regarding the industry investment rating in the given content. 2. Core Viewpoints - The report provides a daily tracking of the positions of stock index futures, including IF, IH, IC, and IM. The total positions of these futures showed an upward trend on June 24, 2025, with different changes in the positions of the top 20 long and short positions of each variety [6][12][18][24]. 3. Summary by Related Catalogs IF - **Total and Main Contract Position Changes**: On June 24, the total position of the IF variety increased by 9,891 hands, and the main contract switched to 2509 with an increase of 4,338 hands [6]. - **Top 20 Long Position Changes**: Among the top 20 long positions of the IF variety, Guotai Junan Futures ranked first with a total position of 42,725 hands. Guotai Junan Futures had the most long - position increase, adding 1,119 hands, while Haitong Futures had the most long - position decrease, reducing 1,035 hands [7]. - **Top 20 Short Position Changes**: Among the top 20 short positions of the IF variety, CITIC Futures ranked first with a total position of 45,587 hands. Guotai Junan Futures had the most short - position increase, adding 1,487 hands, while China Merchants Futures had the most short - position decrease, reducing 470 hands [9]. IH - **Total and Main Contract Position Changes**: On June 24, the total position of the IH variety increased by 2,748 hands, and the main contract 2509 increased by 986 hands [12]. - **Top 20 Long Position Changes**: Among the top 20 long positions of the IH variety, Guotai Junan Futures ranked first with a total position of 9,910 hands. Galaxy Futures had the most long - position increase, adding 524 hands, while Guotai Junan Futures had the most long - position decrease, reducing 1,409 hands [13]. - **Top 20 Short Position Changes**: Among the top 20 short positions of the IH variety, CITIC Futures ranked first with a total position of 13,292 hands. Haitong Futures had the most short - position increase, adding 1,412 hands, while China Merchants Futures had the most short - position decrease, reducing 410 hands [14]. IC - **Total and Main Contract Position Changes**: On June 24, the total position of the IC variety increased by 6,727 hands, and the main contract switched to 2507 with an increase of 2,861 hands [18]. - **Top 20 Long Position Changes**: Among the top 20 long positions of the IC variety, CITIC Futures ranked first with a total position of 36,302 hands. Guotai Junan Futures had the most long - position increase, adding 1,103 hands, while Guotou Futures had the most long - position decrease, reducing 509 hands [19]. - **Top 20 Short Position Changes**: Among the top 20 short positions of the IC variety, CITIC Futures ranked first with a total position of 43,065 hands. Guotai Junan Futures had the most short - position increase, adding 1,634 hands, while Haizheng Futures had the most short - position decrease, reducing 179 hands [20]. IM - **Total and Main Contract Position Changes**: On June 24, the total position of the IM variety increased by 5,080 hands, and the main contract 2509 increased by 3,095 hands [24]. - **Top 20 Long Position Changes**: Among the top 20 long positions of the IM variety, Guotai Junan Futures ranked first with a total position of 42,853 hands. Orient Futures had the most long - position increase, adding 1,138 hands, while Guotou Futures had the most long - position decrease, reducing 549 hands [24]. - **Top 20 Short Position Changes**: Among the top 20 short positions of the IM variety, CITIC Futures ranked first with a total position of 62,201 hands. Guotai Junan Futures had the most short - position increase, adding 1,872 hands, while CITIC Futures had the most short - position decrease, reducing 1,871 hands [25].

Report Industry Investment Rating - No relevant information provided Core View of the Report - The report provides a daily tracking and analysis of the positions of stock index futures, including IF, IH, IC, and IM, on June 19, 2025, covering aspects such as total positions, main contract positions, and changes in the positions of the top 20 long and short seats [1][4][10][15][20] Summary by Related Catalogs IF (CSI 300) - Total position change: On June 19, the total position of the IF variety increased by 4,729 hands, while the position of the main contract 2506 decreased by 18,151 hands [4] - Top 20 long - seat position changes: Among the top 20 long seats, Guotai Junan Futures ranked first with a total position of 40,799 hands. Shenyin Wanguo Futures had the most long - position increase, adding 1,174 hands, and Zhongtai Futures had the most long - position decrease, reducing 323 hands [5] - Top 20 short - seat position changes: Among the top 20 short seats, CITIC Futures ranked first with a total position of 43,292 hands. China Merchants Futures had the most short - position increase, adding 1,987 hands, and Shenyin Wanguo Futures had the most short - position decrease, reducing 141 hands [7] IH (SSE 50) - Total position change: On June 19, the total position of the IH variety increased by 2,290 hands, while the position of the main contract 2506 decreased by 8,837 hands [10] - Top 20 long - seat position changes: Among the top 20 long seats, Guotai Junan Futures ranked first with a total position of 10,672 hands. Guotai Junan Futures had the most long - position increase, adding 969 hands, and Galaxy Futures had the most long - position decrease, reducing 213 hands [10] - Top 20 short - seat position changes: Among the top 20 short seats, Guotai Junan Futures ranked first with a total position of 12,841 hands. Guotai Junan Futures had the most short - position increase, adding 1,104 hands, and CICC Futures had the most short - position decrease, reducing 494 hands [11] IC (CSI 500) - Total position change: On June 19, the total position of the IC variety increased by 8,682 hands, while the position of the main contract 2506 decreased by 13,728 hands [15] - Top 20 long - seat position changes: Among the top 20 long seats, CITIC Futures ranked first with a total position of 42,413 hands. CITIC Futures had the most long - position increase, adding 2,935 hands, and Huatai Futures had the most long - position decrease, reducing 413 hands [15] - Top 20 short - seat position changes: Among the top 20 short seats, CITIC Futures ranked first with a total position of 41,689 hands. CITIC Futures had the most short - position increase, adding 2,346 hands, and J.P. Morgan Futures had the most short - position decrease, reducing 565 hands [16] IM (CSI 1000) - Total position change: On June 19, the total position of the IM variety increased significantly by 14,528 hands, while the position of the main contract 2506 decreased by 31,422 hands [20] - Top 20 long - seat position changes: Among the top 20 long seats, Guotai Junan Futures ranked first with a total position of 42,526 hands. CITIC Futures had the most long - position increase, adding 5,705 hands, and Xingzheng Futures had the most long - position decrease, reducing 522 hands [20] - Top 20 short - seat position changes: Among the top 20 short seats, CITIC Futures ranked first with a total position of 61,716 hands. CITIC Futures had the most short - position increase, adding 4,795 hands, and Huawen Futures had the most short - position decrease, reducing 652 hands [22]

股指期货持仓日度跟踪 投资咨询业务资格： 广发期货研究所 电 话：020-88830760 E-Mail：zhaoliang@gf.com.cn 目录： 股指期货： IF、IH、IC、IM | 品种 | | 主力合 约 | 总持仓点评 | 前二十席位重要变动 | | --- | --- | --- | --- | --- | | 沪深 | 300 | IF2506 | 总持仓明显上升 | 国君多空头均大幅加仓 | | 上证 | 50 | IH2506 | 总持仓明显上升 | 中信多空头各加仓超 2000 手 | | 中证 | 500 | IC2506 | 总持仓明显上升 | 国君多空头增仓逾 3000 手 | | 中证 | 1000 | IM2506 | 总持仓大幅上升 | 中信多头国君空头增仓 5000 手以 上 | 股指期货持仓日度变动简评 叶倩宁（投资咨询资格：Z0016628） 电话：020-88818051 邮箱：yeqianning@gf.com.cn 2025 年 5 月 30 日星期五 广发期货早评 [股指期货] ◆ IF：总持仓明显上升，国君多空头均大幅加仓 【品种总持仓及主力合约持仓变化】 ...