Group 1: Report Information - Report Title: Transactional Index Fund Capital Flow Weekly Report [1] - Data Date: May 19 - May 23, 2025 [1] - Analyst: Jin Ling [1] - Report Date: May 29, 2025 [1] Group 2: Domestic Passive Stock Funds - **Comprehensive Category**: - Funds like Shanghai Composite 50 had a scale of 159.456 billion yuan, a weekly decline of 0.09%, and a net capital outflow of 912 million yuan; CSI 300 had a scale of 983.449 billion yuan, a decline of 0.04%, and an outflow of 2.504 billion yuan; CSI 500 had a scale of 140.12 billion yuan, a decline of 0.81%, and an outflow of 624 million yuan; CSI 1000 had a scale of 116.917 billion yuan, a decline of 1.09%, and an outflow of 1.163 billion yuan; ChiNext Index had a scale of 126.448 billion yuan, a decline of 0.79%, and an outflow of 1.876 billion yuan; STAR Market and ChiNext 50 had a scale of 32.965 billion yuan, a decline of 0.94%, and an outflow of 59 million yuan; STAR 50 had a scale of 181.221 billion yuan, a decline of 1.28%, and an inflow of 1.227 billion yuan; STAR 100 had a scale of 25.701 billion yuan, a decline of 1.28%, and an inflow of 237 million yuan; STAR 200 had a scale of 547 million yuan, a decline of 1.31%, and no net inflow; A50 had a scale of 36.101 billion yuan, an increase of 0.24%, and an outflow of 741 million yuan; A500 had a scale of 198.099 billion yuan, a decline of 0.10%, and an outflow of 4.363 billion yuan; Hang Seng Index had a scale of 6.723 billion yuan, an increase of 0.38%, and an inflow of 14 million yuan; Hang Seng China Enterprises Index had a scale of 915 million yuan, an increase of 0.71%, and an outflow of 1 million yuan; Others had a scale of 129.449 billion yuan, a decline of 0.20%, and an outflow of 1.715 billion yuan [4]. - **Industry - Theme Category**: - Big Technology funds had a scale of 216.688 billion yuan, a decline of 1.56%, and an outflow of 375 million yuan; Big Finance had a scale of 128.483 billion yuan, a decline of 1.15%, and an inflow of 1.136 billion yuan; Big Health had a scale of 100.161 billion yuan, an increase of 2.41%, and an outflow of 4.06 billion yuan; Big Manufacturing had a scale of 72.818 billion yuan, a decline of 1.03%, and an inflow of 2.928 billion yuan; Big Consumption had a scale of 56.089 billion yuan, a decline of 0.09%, and an outflow of 45.5 million yuan; Big Cycle had a scale of 21.416 billion yuan, an increase of 0.35%, and an inflow of 137 million yuan; Public Utilities had a scale of 6.614 billion yuan, a decline of 0.05%, and an outflow of 6.5 million yuan; Carbon Neutrality had a scale of 13.051 billion yuan, an increase of 0.21%, and an outflow of 9.8 million yuan; State - owned Enterprise Reform had a scale of 61 million yuan, a decline of 0.68%, and no net inflow; Others had a scale of 74.2 million yuan, an increase of 0.24%, and an outflow of 200,000 yuan [4]. - **Style - Strategy Category**: - Dividend funds had a scale of 59.877 billion yuan, an increase of 0.90%, and an outflow of 56.9 million yuan; Growth had a scale of 7.306 billion yuan, a decline of 0.48%, and an inflow of 1.1 million yuan; Value had a scale of 3.308 billion yuan, an increase of 0.18%, and an outflow of 300,000 yuan; Dividend Low - Volatility had a scale of 43.535 billion yuan, an increase of 0.59%, and an inflow of 52.9 million yuan; Quality had a scale of 1.332 billion yuan, an increase of 0.27%, and an outflow of 30,000 yuan; Low - Volatility had a scale of 25.5 million yuan, a decline of 0.27%, and no net inflow; Others had a scale of 11.1 million yuan, a decline of 0.14%, and no net inflow [4]. - **Enterprise - Nature and Region Category**: - China Special Valuation had a scale of 51.633 billion yuan, an increase of 0.20%, and an outflow of 78.3 million yuan; Regional funds had a scale of 4.342 billion yuan, a decline of 0.07%, and an outflow of 300,000 yuan [4]. Group 3: Overseas - Related Funds - **Comprehensive Category**: - Nasdaq 100 had a scale of 78.421 billion yuan, a decline of 1.22%, and an outflow of 994 million yuan; S&P 500 had a scale of 20.837 billion yuan, a decline of 0.92%, and an outflow of 60 million yuan; Dow Jones had a scale of 1.708 billion yuan, a decline of 1.18%, and an outflow of 60 million yuan; German DAX had a scale of 975 million yuan, an increase of 1.19%, and an inflow of 44 million yuan; French CAC40 had a scale of 601 million yuan, an increase of 1.14%, and no net inflow; Nikkei 225 had a scale of 3.611 billion yuan, a decline of 0.41%, and an outflow of 8.2 million yuan; Tokyo Stock Price Index had a scale of 771 million yuan, an increase of 0.69%, and an outflow of 5.6 million yuan; Saudi Arabia had a scale of 540 million yuan, a decline of 1.86%, and an inflow of 6.2 million yuan; Hang Seng Index had a scale of 19.174 billion yuan, an increase of 0.45%, and an outflow of 7.7 million yuan; Hang Seng China Enterprises Index had a scale of 12.002 billion yuan, an increase of 0.54%, and an outflow of 6.9 million yuan; Others had a scale of 3.713 billion yuan, an increase of 0.10%, and an outflow of 11.5 million yuan [5]. - **Industry - Theme Category**: - Hong Kong Stock Technology had a scale of 92.609 billion yuan, a decline of 1.18%, and an outflow of 3.8 million yuan; Chinese Internet had a scale of 45.35 billion yuan, a decline of 1.13%, and an outflow of 25.4 million yuan; Hong Kong Stock Medical had a scale of 27.231 billion yuan, an increase of 5.49%, and an outflow of 239 million yuan; Hong Kong Stock Consumption had a scale of 968 million yuan, an increase of 0.04%, and an outflow of 9.8 million yuan; Others had a scale of 16.931 billion yuan, a decline of 0.95%, and an inflow of 6.2 million yuan [5]. - **Style - Strategy Category**: - Dividend had a scale of 1.269 billion yuan, an increase of 2.40%, and an inflow of 10.9 million yuan; Dividend Low - Volatility had a scale of 77.7 million yuan, an increase of 0.95%, and an inflow of 1.8 million yuan [5]. Group 4: Bond and Commodity Funds - **Bond Funds**: - **Interest - Rate Bonds**: 30 - year bonds had a scale of 8.969 billion yuan, an increase of 0.28%, and an inflow of 821 million yuan; 10 - year bonds had a scale of 4.09 billion yuan, an increase of 0.16%, and an inflow of 113 million yuan; 5 - 10 - year bonds had a scale of 38.952 billion yuan, an increase of 0.18%, and an inflow of 365 million yuan; 5 - year bonds had a scale of 6.948 billion yuan, an increase of 0.09%, and an inflow of 66 million yuan; Bonds under 5 - year had a scale of 22.725 billion yuan, an increase of 0.02%, and an outflow of 195 million yuan; Others had a scale of 371 million yuan, an increase of 0.10%, and an outflow of 2.8 million yuan [6]. - **Credit Bonds**: Medium - to - high - grade bonds had a scale of 10.916 billion yuan, an increase of 0.12%, and an inflow of 893 million yuan; Urban Investment Bonds had a scale of 13.817 billion yuan, an increase of 0.18%, and an inflow of 328 million yuan; Short - term Commercial Papers had a scale of 29.341 billion yuan, an increase of 0.03%, and an inflow of 1.707 billion yuan [6]. - **Convertible Bonds**: Had a scale of 43.859 billion yuan, an increase of 0.07%, and an outflow of 688 million yuan [6]. - **Commodity Funds**: - Gold had a scale of 70.887 billion yuan, an increase of 3.78%, and an outflow of 563 million yuan; Soybean Meal had a scale of 4.193 billion yuan, an increase of 0.84%, and an inflow of 11 million yuan; Non - ferrous Metals had a scale of 745 million yuan, a decline of 0.36%, and an inflow of 1.5 million yuan; Energy and Chemicals had a scale of 293 million yuan, a decline of 1.75%, and an outflow of 3 million yuan [6]. Group 5: Index - Enhanced Funds - Index - enhanced funds related to Shanghai Composite 50 had a scale of 76 million yuan, a decline of 0.38%, and no net inflow; CSI 300 had a scale of 3.209 billion yuan, an increase of 0.13%, and an outflow of 1.5 million yuan; CSI 500 had a scale of 1.978 billion yuan, a decline of 0.50%, and an outflow of 500,000 yuan; CSI 1000 had a scale of 656 million yuan, a decline of 0.97%, and an outflow of 70,000 yuan; ChiNext Index had a scale of 469 million yuan, a decline of 0.92%, and an outflow of 50,000 yuan; STAR Market and ChiNext 50 had a scale of 62 million yuan, a decline of 1.38%, and no net inflow; STAR 50 had a scale of 935 million yuan, a decline of 1.63%, and an inflow of 1.5 million yuan; STAR 100 had a scale of 317 million yuan, a decline of 1.49%, and an inflow of 10,000 yuan; Others had a scale of 194 million yuan, a decline of 0.70%, and an outflow of 90,000 yuan [6]

Core Points - The U.S. International Trade Court ruled that President Trump's imposition of tariffs under the International Emergency Economic Powers Act (IEEPA) exceeded legal authority, declaring the trade deficit as a "national emergency" [1][3][5] - The court's decision prohibits the enforcement of the "reciprocal tariffs" announced on April 2, emphasizing that tariffs must be uniform and have nationwide effect [2][6] - The ruling indicates that the IEEPA does not grant the president authority to implement "global tariffs" or "retaliatory tariffs," and the court found no significant factual disputes, leading to a summary judgment against the U.S. government [3][5] Impact of the Ruling - The court's decision mandates the cancellation of the reciprocal tariffs and those previously imposed on China, Canada, and Mexico related to the fentanyl issue, giving the White House 10 days to cease these tariffs [8] - Following the ruling, the Trump administration immediately filed an appeal [7] - Analysts suggest that the ruling could lead to a temporary easing of tariffs, which may positively impact the U.S. dollar and stock market if the decision holds [12] Market Reactions - The ruling has led to increased trading activity in the A-share market, with significant inflows into stock ETFs observed, indicating a shift in investor sentiment [14][27] - Despite recent inflows, there were notable outflows from major indices like the CSI 300 and CSI 500, suggesting volatility in market confidence [22][25] - The overall trading volume in the A-share market has fluctuated, with a return to over 1 trillion yuan in trading on certain days, reflecting active capital market conditions [27]

深证成指收报10127.20点，涨1.24%。 创业板指收报2012.55点，涨1.37%。 沪深300收报3858.70点，涨0.59%。 科创50收报986.30点，涨1.61%。 中证500收报5719.91点，涨1.47%。 中证1000收报6089.58点，涨1.76%。 上证指数收报3363.45点，涨0.70%。 ...

| 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | 成交额 | 年初至今 | | --- | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 3363.97 | 24.04 | 0.72% | 2838亿 | 0.36% | | 399001 | 深证成指 | 10115.13 | 111.87 | 1.12% | 4599亿 | -2.88% | | 899050 | 北证50 | 1402.77 | 24.54 | 1.78% | 1597 | 35.17% | | 881001 | 万得全A | 5111.83 | 54.68 | 1.08% | 7594亿 | 1.79% | | 000688 | 科创50 | 982.75 | 12.11 | 1.25% | 105 | -0.63% | | 399006 | 创业板指 | 2008.33 | 22.94 | 1.16% | 2069亿 | -6.22% | | 000300 | 沪深300 | 3862.44 | 26.21 | 0.68% | 1299亿 | -1.84% | | 0 ...

A股股指持续拉升，创业板指涨幅率先扩大至1%，上证综指现涨0.44%，深证成指涨0.8%。 ...

5月29日，A股开盘，上证指数高开0.01%，深证成指高开0.03%，创业板指高开0.15%。（编辑 王 俊勇） ...

Market Overview - The Shanghai Composite Index opened at 3340.40 points, up 0.01% [1] - The Shenzhen Component Index opened at 10006.43 points, up 0.03% [1] - The ChiNext Index opened at 1988.32 points, up 0.15% [1] - The CSI 300 opened at 3838.01 points, up 0.05% [1] - The STAR 50 opened at 972.26 points, up 0.17% [1] - The CSI 500 opened at 5637.06 points, unchanged [1] - The CSI 1000 opened at 5980.86 points, down 0.06% [1] Index Performance - The Shanghai Composite Index recorded a trading volume of 3.5 billion with a year-to-date change of -0.34% [2] - The Shenzhen Component Index had a trading volume of 5.9 billion with a year-to-date change of -3.92% [2] - The North Star 50 Index showed a significant year-to-date increase of 32.84% with a trading volume of 180 million [2] - The CSI 500 Index had a trading volume of 800 million and a year-to-date change of -1.55% [2] - The ChiNext Index recorded a trading volume of 2.1 billion with a year-to-date change of -7.16% [2] - The CSI 1000 Index had a trading volume of 1.3 billion with a year-to-date change of 0.39% [2]

Market Performance - The Shanghai Composite Index closed at 3339.93 points, down 0.02% [1] - The Shenzhen Component Index closed at 10003.27 points, down 0.26% [2] - The ChiNext Index closed at 1985.38 points, down 0.31% [2] - The CSI 300 Index closed at 3836.24 points, down 0.08% [3] - The STAR 50 Index closed at 970.64 points, down 0.23% [4] - The CSI 500 Index closed at 5637.24 points, down 0.26% [5] - The CSI 1000 Index closed at 5984.46 points, down 0.40% [5] Trading Volume - The trading volume for the Shanghai Composite Index was 389.3 billion [6] - The trading volume for the Shenzhen Component Index was 620.6 billion [6] - The trading volume for the CSI 300 Index was 162.5 billion [6] - The trading volume for the CSI 500 Index was 120 billion [6] - The trading volume for the CSI 1000 Index was 191.7 billion [6] Year-to-Date Performance - The Shanghai Composite Index has decreased by 0.35% year-to-date [6] - The Shenzhen Component Index has decreased by 3.95% year-to-date [6] - The ChiNext Index has decreased by 7.29% year-to-date [6] - The CSI 300 Index has decreased by 2.51% year-to-date [6] - The CSI 500 Index has decreased by 1.55% year-to-date [6] - The CSI 1000 Index has increased by 0.45% year-to-date [6]

Core Viewpoint - The A-share market experienced narrow fluctuations, with the Shanghai Composite Index closing near flat, while the consumer sector continued to show strength [1] Market Performance - The Shanghai Composite Index closed down by 0.02%, the Shenzhen Component Index down by 0.26%, and the ChiNext Index down by 0.31% [1] - The trading volume in both markets increased compared to the previous day, exceeding 1 trillion [1] - Nearly 3,300 stocks declined, indicating a broader market weakness despite some sectors performing well [1] Sector Performance - The consumer sector maintained its strong performance, with notable gains in beverages and IP economy [1] - Other sectors such as nuclear power and autonomous driving also showed positive performance [1] - Conversely, sectors like internet e-commerce, medical services, and chemical raw materials experienced significant declines [1] - The glyphosate sector opened high but closed lower, indicating volatility within that segment [1]

中证1000开盘报6006.89点，跌0.03%。 上证指数开盘报3341.85点，涨0.03%。 深证成指开盘报10039.25点，涨0.10%。 创业板指开盘报1996.49点，涨0.24%。 沪深300开盘报3843.07点，涨0.10%。 科创50开盘报973.90点，涨0.10%。 中证500开盘报5651.88点，跌0.00%。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | 成交额 | 年初至今 | | --- | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 3341.85 | 1.16 | 0.03% | 347 | -0.30% | | 399001 | 深证成指 | 10039.25 | 10.14 | 0.10% | 63亿 | -3.60% | | 899050 | 北证50 | 1399.05 | 1.41 | 0.10% | 2.47 | 34.81% | | 881001 | 万得全A | 5070.58 | 3.14 | 0.06% | 100亿 | 0.97% | | 000688 | 科创50 | 97 ...