| 代码 | 基金名称 | 融资融券余额 | | --- | --- | --- | | 518880.SH | 华安易富黄金ETF | 71.78亿元 | | 159934.SZ | 易方达黄金ETF | 59.51亿元 | | 159920.SZ | 华夏恒生(QDII-ETF) | 41.45亿元 | | 510300.SH | 华泰柏瑞沪深300ETF | 39.51亿元 | | 512880.SH | 国泰中证全指证券公司ETF | 36.67亿元 | | 159937.SZ | 博时黄金ETF | 35.62亿元 | | 510500.SH | 南方中证500ETF | 32.49亿元 | | 510900.SH | 易方达恒生中国企业(QDII-ETF) | 29.96亿元 | | 512100.SH | 南方中证1000ETF | 28.63亿元 | | 511520.SH | 富国中债7-10年政策性金融债ETF | 27.59亿元 | ETF融资买入额 9月19日ETF融资买入额前三位分别为：海富通中证短融ETF(17.74亿元)、华泰柏瑞南方东英恒生科技指 数(QDII-ETF)(15. ...

9月17日ETF融资买入额前三位分别为：易方达中证香港证券投资主题ETF(20.1亿元)、华夏恒生互联网 科技业(QDII-ETF)(16.86亿元)和华泰柏瑞南方东英恒生科技指数(QDII-ETF)(14.72亿元)，前10具体见下 表： | 代码 | 基金名称 | 融资买入额 | | --- | --- | --- | | 513090.SH | 易方达中证香港证券投资主题ETF | 20.1亿元 | | 513330.SH | 华夏恒生互联网科技业(QDII-ETF) | 16.86亿元 | | 513130.SH | 华泰柏瑞南方东英恒生科技指数(QDII-ETF) | 14.72亿元 | | 511360.SH | 海富通中证短融ETF | 13.59亿元 | | 511380.SH | 博时中证可转债及可交换债券ETF | 10.14亿元 | | 513180.SH | 华夏恒生科技(QDII-ETF) | 8.79亿元 | | 588000.SH | 华夏上证科创板50成份ETF | 7.88亿元 | | 159915.SZ | 易方达创业板ETF | 6.81亿元 | | 512880.SH ...

Market Overview - As of September 16, the total ETF margin balance in the two markets reached 115.76 billion yuan, an increase of 3.448 billion yuan from the previous trading day [1] - The financing balance was 107.794 billion yuan, up by 3.321 billion yuan, while the securities lending balance was 7.966 billion yuan, increasing by 127 million yuan [1] - In the Shanghai market, the ETF margin balance was 80.343 billion yuan, rising by 3.077 billion yuan, with a financing balance of 73.326 billion yuan, up by 2.956 billion yuan [1] - The Shenzhen market's ETF margin balance was 35.417 billion yuan, an increase of 371 million yuan, with a financing balance of 34.468 billion yuan, up by 365 million yuan [1] ETF Margin Balance - The top three ETFs by margin balance on September 16 were: - Huaan Yifu Gold ETF (7.52 billion yuan) - E Fund Gold ETF (6.072 billion yuan) - Huaxia Hang Seng (QDII-ETF) (4.171 billion yuan) [2] ETF Financing Amount - The top three ETFs by financing amount on September 16 were: - Hai Fu Tong Zhong Zheng Short Bond ETF (3.597 billion yuan) - Fu Guo Zhong Dai 7-10 Year Policy Financial Bond ETF (2.970 billion yuan) - E Fund Zhong Zheng Hong Kong Securities Investment Theme ETF (1.772 billion yuan) [3][4] ETF Net Financing Amount - The top three ETFs by net financing amount on September 16 were: - Fu Guo Zhong Dai 7-10 Year Policy Financial Bond ETF (1.303 billion yuan) - Bo Shi Zhong Dai 0-3 Year National Development Bank Bond ETF (695 million yuan) - Hai Fu Tong Zhong Zheng Short Bond ETF (333 million yuan) [5][6] ETF Securities Lending Amount - The top three ETFs by securities lending amount on September 16 were: - Southern Zhong Zheng 500 ETF (566.045 million yuan) - Southern Zhong Zheng 1000 ETF (224.473 million yuan) - Huatai Bairui Hu Shi 300 ETF (143.968 million yuan) [7][8]

市场概况 9月15日两市ETF两融余额为1123.12亿元，较前一交易日增加6.07亿元。其中融资余额为1044.73亿元， 较前一交易日增加5.29亿元；融券余额为78.4亿元，较前一交易日增加7786.97万元。 9月15日ETF融资净买入额前三位分别为：富国中债7-10年政策性金融债ETF（3.17亿元）、华安易富黄 金ETF（1.44亿元）和海富通中证短融ETF（1.22亿元），前10具体见下表： 分市场来看，沪市ETF两融余额为772.66亿元，较前一交易日增加7.81亿元。其中融资余额为703.7亿 元，较前一交易日增加7.14亿元；融券余额为68.96亿元，较前一交易日增加6714.56万元。深市ETF两 融余额为350.46亿元，较前一交易日减少1.74亿元。其中融资余额为341.03亿元，较前一交易日减少1.84 亿元；融券余额为9.44亿元，较前一交易日增加1072.41万元。 ETF融资融券余额 9月15日ETF两融余额前三位分别为：华安易富黄金ETF（73.73亿元）、易方达黄金ETF（60.96亿元） 和华夏恒生(QDII-ETF)（41.51亿元），前10具体见下表： | 代码 | ...

Report Industry Investment Rating - No relevant content provided Core Viewpoints - The report analyzes the secondary market and ETF product situation from August 9th to September 12th, 2025, including index trends, ETF market performance, fund flows, trading volume, margin trading, and new fund launches [1][20] Summary by Directory 1. Secondary Market Overview - In the sample period, the weekly returns of the Science and Technology Innovation 50, Nikkei 225, and Hang Seng Index ranked among the top, at 5.48%, 4.07%, and 3.82% respectively. The PE valuation quantile of the CSI 500 was the highest at 100.00%, and that of the Nikkei 225 was the lowest at 85.25% [10] - Among the Shenwan primary industries, electronics, real estate, and agriculture, forestry, animal husbandry, and fishery had the highest returns, at 6.15%, 5.98%, and 4.81% respectively. The industries with relatively low returns were comprehensive, banking, and petroleum and petrochemicals, at -1.43%, -0.66%, and -0.41% respectively. The industries with the highest valuation quantiles were non-ferrous metals, real estate, and automobiles, at 100.00%, 100.00%, and 99.59% respectively. The industries with relatively low valuation quantiles were non-bank finance, household appliances, and agriculture, forestry, animal husbandry, and fishery, at 32.23%, 42.56%, and 46.69% respectively [16] 2. ETF Product Overview 2.1 ETF Market Performance - QDII ETFs had the best average performance, with a weighted average return of 2.92%. Bond ETFs had the worst average performance, with a weighted average return of -0.25% [20] - Among the ETFs classified by the listing sectors of the underlying indices and their constituent stocks, the ETFs related to the Science and Technology Innovation Board and Japanese stocks had better market performance, with weighted average returns of 5.46% and 3.92% respectively. The ETFs related to US stocks and the CSI 2000 had relatively poor performance, with weighted average returns of 0.73% and 1.46% respectively [20] - Among the industry sectors, technology sector ETFs had the best average performance, with a weighted average return of 6.08%. Biomedical sector ETFs had the worst average performance, with a weighted average return of -1.08% [21] - Among the themes, chip semiconductor and artificial intelligence ETFs had better performance, with weighted average returns of 7.68% and 6.13% respectively. Innovative drug and bank ETFs had relatively poor performance, with weighted average returns of -2.95% and -0.70% respectively [21] 2.2 ETF Fund Inflows and Outflows - From the perspective of different types of ETFs, industry-themed ETFs had the largest net inflow of funds, at 328.62 billion yuan, while broad-based ETFs had the smallest net inflow, at -231.98 billion yuan [25] - From the perspective of the listing sectors of the underlying indices and their constituent stocks, Hong Kong stock ETFs had the largest net inflow of funds, at 232.46 billion yuan, while ETFs related to the Science and Technology Innovation Board had the smallest net inflow, at -117.21 billion yuan [25] - From the perspective of industry sectors, financial and real estate sector ETFs had the largest net inflow of funds, at 115.88 billion yuan, while technology sector ETFs had the smallest net inflow, at -62.35 billion yuan [26] - From the perspective of themes, non-bank and new energy ETFs had the largest net inflow of funds, at 101.71 billion yuan and 78.60 billion yuan respectively. Chip semiconductor and artificial intelligence ETFs had the smallest net inflow, at -84.66 billion yuan and -28.26 billion yuan respectively [26] 2.3 ETF Trading Volume - From the perspective of different types of ETFs, commodity ETFs had the largest increase in the average daily trading volume change rate, at 22.52%, while broad-based ETFs had the largest decrease, at -13.77% [31] - From the perspective of the listing sectors of the underlying indices and their constituent stocks, Japanese stock ETFs had the largest increase in the average daily trading volume change rate, at 15.15%, while the CSI 500 had the largest decrease, at -27.66% [34] - From the perspective of industry sectors, biomedical sector ETFs had the largest increase in the average daily trading volume change rate, at 8.64%, while financial and real estate sector ETFs had the largest decrease, at -14.80% [37] - From the perspective of themes, non-bank and innovative drug ETFs had the largest average daily trading volume in the past five days, at 258.16 billion yuan and 141.33 billion yuan respectively. New energy and innovative drug ETFs had the largest increase in the average daily trading volume change rate, at 65.65% and 12.15% respectively. Military and chip semiconductor ETFs had the largest decrease in the average daily trading volume change rate, at -43.10% and -22.85% respectively [40] 2.4 ETF Margin Trading - In the sample period, the net margin purchase of all equity ETFs was -1.629 billion yuan, and the net short sale was 398 million yuan. Among all equity ETFs, the Huatai-PineBridge CSI Hong Kong Stock Connect Innovative Drug ETF had the largest net margin purchase, and the Southern CSI 1000 ETF had the largest net short sale [2][46] 2.5 ETF New Launches and Listings - In the sample period, a total of 8 funds were established and 4 funds were listed [3][48]

市场概况 ETF融资买入额 9月12日ETF融资买入额前三位分别为：海富通中证短融ETF(18.66亿元)、博时中证可转债及可交换债券 ETF(13.41亿元)和易方达中证香港证券投资主题ETF(11.91亿元)，前10具体见下表： | 代码 | 基金名称 | 融资买入额 | | --- | --- | --- | | 511360.SH | 海富通中证短融ETF | 18.66亿元 | | 511380.SH | 博时中证可转债及可交换债券ETF | 13.41亿元 | | 513090.SH | 易方达中证香港证券投资主题ETF | 11.91亿元 | | 513120.SH | 广发中证香港创新药(QDII-ETF) | 11.0亿元 | | 588000.SH | 华夏上证科创板50成份ETF | 9.75亿元 | | 513130.SH | 华泰柏瑞南方东英恒生科技指数(QDII-ETF) | 8.98亿元 | | 513330.SH | 华夏恒生互联网科技业(QDII-ETF) | 8.93亿元 | | 513180.SH | 华夏恒生科技(QDII-ETF) | 8.61亿元 | | 15991 ...

Market Overview - As of September 11, the total ETF margin balance in the two markets is 112.707 billion yuan, a decrease of 1.386 billion yuan from the previous trading day [1] - The financing balance is 104.962 billion yuan, down by 1.537 billion yuan, while the securities lending balance is 7.744 billion yuan, an increase of 0.151 billion yuan [1] - In the Shanghai market, the ETF margin balance is 77.21 billion yuan, a decrease of 2.023 billion yuan, with a financing balance of 70.396 billion yuan, down by 2.131 billion yuan [1] - In the Shenzhen market, the ETF margin balance is 35.496 billion yuan, an increase of 0.637 billion yuan, with a financing balance of 34.567 billion yuan, up by 0.594 billion yuan [1] ETF Margin Balance - The top three ETFs by margin balance on September 11 are: - Huaan Yifu Gold ETF (7.273 billion yuan) - E Fund Gold ETF (6.082 billion yuan) - Huaxia Hang Seng (QDII-ETF) (4.153 billion yuan) [2] - The detailed top 10 ETFs by margin balance are provided in the table [2] ETF Financing Buy Amount - The top three ETFs by financing buy amount on September 11 are: - E Fund CSI Hong Kong Securities Investment Theme ETF (2.331 billion yuan) - Huaxia SSE STAR Market 50 ETF (1.309 billion yuan) - Huatai-PineBridge Southern East Ying Hang Seng Technology Index (QDII-ETF) (1.286 billion yuan) [3][4] ETF Financing Net Buy Amount - The top three ETFs by financing net buy amount on September 11 are: - E Fund ChiNext ETF (309 million yuan) - GF CSI Hong Kong Innovation Drug (QDII-ETF) (277 million yuan) - Huabao ChiNext Artificial Intelligence ETF (147 million yuan) [5][6] ETF Securities Lending Sell Amount - The top three ETFs by securities lending sell amount on September 11 are: - Huatai-PineBridge SSE 300 ETF (66.4842 million yuan) - Southern CSI 500 ETF (24.061 million yuan) - Huaxia SSE 50 ETF (22.0263 million yuan) [7][8]

市场概况 9月10日两市ETF两融余额为1140.93亿元，较前一交易日减少1.04亿元。其中融资余额为1064.99亿元， 较前一交易日减少1.77亿元；融券余额为75.93亿元，较前一交易日增加7291.6万元。 分市场来看，沪市ETF两融余额为792.34亿元，较前一交易日减少4686.27万元。其中融资余额为725.27 亿元，较前一交易日减少1.23亿元；融券余额为67.07亿元，较前一交易日增加7661.6万元。深市ETF两 融余额为348.59亿元，较前一交易日减少5712.44万元。其中融资余额为339.73亿元，较前一交易日减少 5342.44万元；融券余额为8.87亿元，较前一交易日减少370.0万元。 ETF融资买入额 9月10日ETF融资买入额前三位分别为：易方达中证香港证券投资主题ETF(18.35亿元)、海富通中证短融 ETF(13.6亿元)和华泰柏瑞南方东英恒生科技指数(QDII-ETF)(10.21亿元)，前10具体见下表： | 代码 | 基金名称 | 融资买入额 | | --- | --- | --- | | 513090.SH | 易方达中证香港证券投资主题ETF | 18 ...

Market Overview - As of September 4, the total ETF margin balance in the two markets reached 109.71 billion yuan, an increase of 610 million yuan from the previous trading day [1] - The financing balance was 102.78 billion yuan, up by 1.039 billion yuan, while the securities lending balance decreased to 6.935 billion yuan, down by 428 million yuan [1] - In the Shanghai market, the ETF margin balance was 75.85 billion yuan, increasing by 842 million yuan, with a financing balance of 69.75 billion yuan, up by 1.202 billion yuan [1] - In the Shenzhen market, the ETF margin balance was 33.86 billion yuan, decreasing by 232 million yuan, with a financing balance of 33.02 billion yuan, down by 163 million yuan [1] ETF Margin Balance - The top three ETFs by margin balance on September 4 were: - Huaan Yifu Gold ETF (7.364 billion yuan) - E Fund Gold ETF (6.232 billion yuan) - Huatai-PB CSI 300 ETF (4.141 billion yuan) [2] - The detailed top 10 ETFs by margin balance include: - Huaxia Hang Seng (QDII-ETF) (4.123 billion yuan) - Bosera Gold ETF (3.542 billion yuan) - Guotai CSI All-Share Securities Company ETF (3.157 billion yuan) - Southern CSI 500 ETF (3.044 billion yuan) - E Fund Hang Seng China Enterprises (QDII-ETF) (3.028 billion yuan) - Huaxia Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF (2.829 billion yuan) - Southern CSI 1000 ETF (2.727 billion yuan) [2] ETF Financing Buy Amount - The top three ETFs by financing buy amount on September 4 were: - E Fund CSI Hong Kong Securities Investment Theme ETF (1.729 billion yuan) - Haifutong CSI Short Bond ETF (1.54 billion yuan) - Huaxia Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF (1.326 billion yuan) [3][4] ETF Financing Net Buy Amount - The top three ETFs by financing net buy amount on September 4 were: - Huaxia Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF (209 million yuan) - Huatai-PB CSI 300 ETF (153 million yuan) - Southern CSI 1000 ETF (116 million yuan) [5][6] ETF Securities Lending Sell Amount - The top three ETFs by securities lending sell amount on September 4 were: - Southern CSI 500 ETF (39.95 million yuan) - Huatai-PB CSI 300 ETF (15.72 million yuan) - Southern CSI 1000 ETF (13.31 million yuan) [7][8]

Core Insights - The total margin balance of ETFs in the Shanghai and Shenzhen markets reached 109.71 billion yuan as of September 4, showing an increase of 610 million yuan from the previous trading day [1] - The financing balance of ETFs was 102.78 billion yuan, which increased by 1.039 billion yuan compared to the previous trading day [1] - The margin balance for short selling of ETFs was 6.935 billion yuan, reflecting a decrease of 429 million yuan from the previous trading day [1] ETF Financing Activity - On September 4, 245 ETFs experienced net financing inflows, with the Huaxia SSE Sci-Tech Innovation Board 50 ETF leading with a net inflow of 209 million yuan [1] - Other ETFs with significant net financing inflows included the Huatai-PB CSI 300 ETF, Southern CSI 1000 ETF, E Fund SSE Sci-Tech Innovation Board 50 ETF, Guolian An CSI All-Share Semiconductor ETF, and GF Nasdaq 100 ETF [1]