Market Performance - The Hang Seng Index closed at 26,908.39 points, up by 469.88 points, representing a gain of 1.78% [1][2] - The State-Owned Enterprises Index closed at 9,596.77 points, increasing by 210.38 points, with a rise of 2.24% [1][2] - The Red Chip Index finished at 4,319.54 points, up by 37.11 points, reflecting a growth of 0.87% [1][2] Capital Flow - There was a net inflow of southbound funds amounting to 9.441 billion Hong Kong dollars on the same day [1]

Core Viewpoint - The Hong Kong stock market showed positive performance with the Hang Seng Index rising by 1.41% and the Hang Seng Tech Index increasing by 3.49% on September 17 [1] Group 1 - The Hang Seng Index closed up by 1.41% [1] - The Hang Seng Tech Index experienced a significant increase of 3.49% [1]

Group 1 - The Hang Seng Technology Index increased by 4% [1] - The Hang Seng Index rose by 1.56% [1]

1. Report Information - Report Title: Weekly Report on Capital Flows of Exchange-Traded Index Funds - Data Date: September 8 - 12, 2025 - Research Institution: Great Wall Securities Industrial Finance Research Institute - Analyst: Jin Ling - Report Date: September 17, 2025 [1] 2. Core View - The report presents the capital flow, fund scale, and weekly price change data of various exchange-traded index funds from September 8 - 12, 2025, covering comprehensive, industry theme, style strategy, enterprise nature, regional, QDII, bond, commodity, and index-enhanced funds. 3. Summary by Category Comprehensive Index Funds - **Fund Performance**: The Shanghai Composite 50 had a fund scale of 15.9456 billion yuan, a weekly increase of 0.99%, and a net weekly capital outflow of 394 million yuan; the CSI 300 had a scale of 98.3449 billion yuan, a rise of 1.51%, and an outflow of 4.095 billion yuan; the CSI 500 had a scale of 14.012 billion yuan, a 3.41% increase, and an inflow of 1.174 billion yuan [6]. Industry Theme Index Funds - **Sector Performance**: The large technology sector had a fund scale of 21.6688 billion yuan, a 5.13% increase, and an outflow of 6.616 billion yuan; the large finance sector had a scale of 12.8483 billion yuan, a 0.92% rise, and an inflow of 11.468 billion yuan; the large health sector had a scale of 10.0161 billion yuan, a 0.50% decline, and an inflow of 6.432 billion yuan [7]. Style Strategy Index Funds - **Style Performance**: The dividend style had a fund scale of 5.9877 billion yuan, a 1.01% increase, and an inflow of 633 million yuan; the growth style had a scale of 730.6 million yuan, a 3.02% increase, and an outflow of 252 million yuan; the value style had a scale of 330.8 million yuan, a 1.11% increase, and an outflow of 102 million yuan [9]. QDII Index Funds - **Overseas Market Performance**: The Nasdaq 100 had a fund scale of 7.8421 billion yuan, a 0.73% increase, and an outflow of 197 million yuan; the S&P 500 had a scale of 2.0837 billion yuan, a 0.69% increase, and an outflow of 38 million yuan; the German DAX had a scale of 975 million yuan, a 0.43% decline, and an inflow of 101 million yuan [11]. Bond Index Funds - **Bond Type Performance**: The 30-year bond had a fund scale of 896.9 million yuan, a 1.18% decline, and an inflow of 149 million yuan; the 10-year bond had a scale of 409 million yuan, a 0.20% decline, and no net inflow; the 5 - 10-year bond had a scale of 3.8952 billion yuan, a 0.26% decline, and an outflow of 302 million yuan [12]. Commodity Index Funds - **Commodity Performance**: Gold had a fund scale of 7.0887 billion yuan, a 2.33% increase, and an inflow of 2.095 billion yuan; soybean meal had a scale of 419.3 million yuan, a 0.75% increase, and an inflow of 12 million yuan; non-ferrous metals had a scale of 74.5 million yuan, a 1.40% increase, and an inflow of 7.7 million yuan [12]. Index-Enhanced Funds - **Index Enhancement Performance**: The Shanghai Composite 50 index-enhanced fund had a scale of 76 million yuan, a 0.99% increase, and no net inflow; the CSI 300 had a scale of 320.9 million yuan, a 1.30% increase, and an outflow of 108 million yuan; the CSI 500 had a scale of 197.8 million yuan, a 2.72% increase, and an inflow of 21.6 million yuan [12].

（原标题：南向资金今日净卖出31.88亿港元） 9月16日南向资金全天成交额1657.66亿港元，成交净卖出31.88亿港元。 证券时报•数据宝统计显示，9月16日恒生指数下跌0.03%，南向资金合计买入成交812.89亿港元，卖出 成交844.77亿港元，合计成交额1657.66亿港元。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 具体看，港股通（沪）买入成交526.45亿港元，卖出成交556.20亿港元，合计成交额1082.65亿港元，成 交净卖出29.75亿港元；港股通（深）买入成交286.44亿港元，卖出成交288.57亿港元，合计成交575.01 亿港元，成交净卖出2.13亿港元。（数据宝） 南向资金今日成交概况 | | 买入成交额 （亿港元） | 卖出成交额 （亿港元） | 成交净买入 （亿港元） | | --- | --- | --- | --- | | 港股通（深） | 286.44 | 288.57 | -2.13 | | 港股通（沪） | 526.45 | 556.20 | -29.75 | | 合计 | 812.89 | 844.77 | -31.88 | ...

Core Points - The Hang Seng Index closed at 26,438.51 points, down 8.05 points or 0.03% [1][2] - The Hang Seng China Enterprises Index (H-shares) closed at 9,386.39 points, up 1.63 points or 0.02% [1][2] - The Red Chip Index closed at 4,282.43 points, down 81.8 points or 1.87% [1][2] - Southbound capital experienced a net outflow of 3.285 billion HKD on the same day [1]

Group 1 - The Hang Seng Index closed up by 0.07% at midday on September 16 [1] - The Hang Seng Tech Index increased by 0.39% during the same period [1]

Market Overview - The Hang Seng Index closed up 0.07% while the Hang Seng Tech Index increased by 0.39% [1] - The Hong Kong Tech ETF (159751) rose by 0.17% and the Hang Seng Hong Kong Stock Connect ETF (159318) gained 0.14% [1] Sector Performance - The healthcare services and passenger airline sectors showed the highest gains [1] - The diversified REITs and insurance sectors experienced the largest declines [1] Individual Stock Movements - Baize Medical surged over 76% [1] - Yaojie Ankang-B increased by 49.16% and Sanhua Intelligent Control rose by 4.13% [1] - Tianli International Holdings fell by 13.56% and Shanggao Holdings dropped by 27.4% [1]

Group 1 - The Hang Seng Index opened with a gain of 0.34% [1] - The Hang Seng Tech Index increased by 0.45% [1]

Group 1 - The Hang Seng Index closed up 0.17% in the overnight session, reaching 26,523 points [1] - The Hang Seng Tech Index increased by 0.40% in the overnight session, closing at 6,072 points [1]