Market Review - The A-share market showed mixed performance last week, with the CSI 1000 and CSI 500 indices gaining 0.62% and 0.32% respectively, while the ChiNext and Shanghai Composite indices fell by -1.55% and -1.08% respectively [5][14] - The total net investment from the central bank's reverse repos was 656.6 billion, with a total of 1.6026 trillion in open market operations [5][23] - The financial, defense, and pharmaceutical sectors performed well, with returns of 10.5%, 2.49%, and 2.21% respectively, while the automotive and non-ferrous metals sectors lagged behind with returns of -4.32% and -2.27% [21][22] Fund Performance - A total of 30 new funds were established last week, with a total issuance scale of 18.987 billion, an increase from the previous week [3][41] - The median returns for active equity, flexible allocation, and balanced mixed funds were -0.46%, -0.15%, and -0.26% respectively [33][35] - Alternative funds have shown the best performance this year, with a median return of 6.74%, while active equity and flexible allocation funds had median returns of 1.72% and 0.35% respectively [35][36] Fund Issuance - Last week, 40 funds were reported for issuance, including 2 FOFs and 1 QDII, indicating an increase in the number of new fund applications [4][5] - The new funds included various ETFs tracking sectors such as technology and pharmaceuticals, reflecting a growing interest in these areas [5][6] Index Adjustments - The Shanghai Stock Exchange announced the optimization of the SSE 380 index and the introduction of the SSE 580 index, aimed at providing a more comprehensive view of mid and small-cap stocks [7][8] - The adjustments are expected to enhance the representativeness of the indices, with the SSE 380 index covering approximately 14.7% of the market capitalization [8][9] Bond Market - The central bank's reverse repo operations resulted in a net investment of 656.6 billion, with a decrease in the repo rates across various maturities [23][24] - Credit spreads for different ratings of credit bonds have shown an upward trend, indicating a shift in market sentiment [27][28] Open-End Fund Overview - As of last week, there were 238 ordinary FOF funds, 118 target date funds, and 155 target risk funds in the open-end public fund market [39] - The median performance of target date funds was the best among fund types, with a cumulative return of 1.16% this year [39][40]

Group 1 - The core index, the CN Materials Composite Index, reported at 3281.67 points, with a 2.51% increase over the past month, 1.68% over the past three months, and a 6.63% year-to-date increase [1] - The index is designed to reflect the overall performance of different industry securities from Chinese mainland enterprises, classified according to the China Securities Index industry classification standards [1] - The top ten holdings of the CN Materials Composite Index include Zijin Mining (6.39%), Wanhua Chemical (2.21%), and others, indicating a concentration in specific companies [1] Group 2 - The market distribution of the CN Materials Composite Index shows that the Shanghai Stock Exchange accounts for 49.23%, Shenzhen Stock Exchange for 42.38%, and Hong Kong Stock Exchange for 7.82% [2] - In terms of industry composition, non-ferrous metals represent 41.47%, chemicals 37.94%, and other sectors such as non-metallic materials and steel also contribute to the index [2] Group 3 - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December, and can also be adjusted under special circumstances [3] - Adjustments to the index samples occur when there are changes in industry classification due to special events or when companies are delisted [3]

Group 1 - The core index, the CSI Electronic 50 Index, has seen a recent decline of 1.75%, closing at 3884.65 points, with a trading volume of 46.189 billion yuan [1] - Over the past month, the CSI Electronic 50 Index has increased by 11.16%, while it has decreased by 7.54% over the last three months and 3.76% year-to-date [1] - The index comprises the 50 largest listed companies in the electronic and semiconductor sectors, reflecting the overall performance of the electronic sector [1] Group 2 - The top ten weighted stocks in the CSI Electronic 50 Index include: SMIC (6.48%), Luxshare Precision (6.17%), Cambricon (5.55%), BOE Technology Group (5.42%), Northern Huachuang (5.34%), Haiguang Information (5.08%), Will Semiconductor (4.23%), Hikvision (4.02%), Zhongke Shuguang (3.58%), and Lattice Semiconductor (3.33%) [1] - The market capitalization distribution of the CSI Electronic 50 Index shows that the Shanghai Stock Exchange accounts for 53.35%, while the Shenzhen Stock Exchange accounts for 46.65% [1] Group 3 - The CSI Electronic 50 Index is composed entirely of companies in the information technology sector, with a 100% allocation [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Public funds tracking the CSI Electronic 50 include: Hua Bao Electronic ETF Link A, Hua Bao Electronic ETF Link C, Hua An CSI Electronic 50 Link A, Hua An CSI Electronic 50 Link C, Hua Bao CSI Electronic 50 ETF, and Hua An CSI Electronic 50 ETF [2]

Core Viewpoint - The China Securities Index for BRICS countries (Hong Kong) 60DR Index has shown mixed performance, with a recent decline of 6.90% over the past month, but an increase of 8.85% over the last three months and a year-to-date rise of 6.41% [1] Group 1: Index Performance - The China Securities Index for BRICS countries (Hong Kong) 60DR Index closed at 1556.62 points [1] - The index has experienced a monthly decline of 6.90%, a three-month increase of 8.85%, and a year-to-date rise of 6.41% [1] Group 2: Index Composition - The index includes securities from the Shanghai, Shenzhen, and Beijing exchanges, as well as companies from Brazil, Russia, India, and South Africa listed on major exchanges like NYSE and LSE [1] - The index is designed to reflect the overall performance of selected securities, with a base date of December 30, 2005, set at 1000.0 points [1] Group 3: Top Holdings - The top ten holdings in the index are Tencent Holdings (14.12%), Alibaba-W (9.77%), Reliance Industries Ltd (8.79%), HDFC Bank Ltd (6.65%), ICICI Bank Ltd (4.25%), Meituan-W (3.99%), China Construction Bank (3.83%), Xiaomi Group-W (3.5%), Infosys Ltd (2.59%), and China Mobile (2.5%) [2] Group 4: Market and Sector Breakdown - The index's market composition shows that 65.06% of holdings are from the Hong Kong Stock Exchange, 20.00% from the New York Stock Exchange, and 14.94% from the London Stock Exchange [2] - Sector allocations include Financials (28.04%), Consumer Discretionary (22.87%), Communication Services (20.15%), Energy (13.62%), Information Technology (7.64%), Industrials (2.49%), Healthcare (1.48%), Materials (1.45%), Consumer Staples (0.95%), and Real Estate (0.90%) [2] Group 5: Index Adjustment Mechanism - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - The adjustment process allows for a maximum sample change of 10%, prioritizing the top 48 new samples and retaining older samples ranked within the top 72 [3] - In special circumstances, temporary adjustments can be made, such as removing delisted companies or replacing them with the highest-ranked securities from a pre-established backup list [3]

Group 1 - The core index of the China Securities Overseas Mainland Stock Information Technology Index closed at 12364.67 points, with a monthly decline of 7.61%, a three-month increase of 38.10%, and a year-to-date increase of 38.14% [1] - The index is categorized based on the China Securities industry classification standard, with all securities in each industry serving as samples for the corresponding industry index [1] - The index has a base date of December 31, 2004, with a base point of 1000.0 [1] Group 2 - The Hong Kong Stock Exchange accounts for 100.00% of the holdings in the China Securities Overseas Mainland Stock Information Technology Index [1] - The industry composition of the index includes 73.48% in consumer electronic terminals, 18.93% in integrated circuit manufacturing, and 7.59% in computers and peripheral devices [1] - The index sample is adjusted every six months, with adjustments implemented on the next trading day following the second Friday of June and December [2]