Summary of ETF Fund Flows Core Insights - On July 25, 2025, a total of 276 ETFs experienced net inflows, while 454 ETFs saw net outflows, indicating a mixed sentiment in the market [1] - The top five ETFs with significant net inflows included Hong Kong Securities ETF, 30-Year Treasury ETF, and others, with inflows exceeding 1 billion yuan [1][3] - Conversely, 42 ETFs had net outflows exceeding 1 billion yuan, with the China Securities 500 ETF leading the outflows [1][5] Inflow Analysis - The top five ETFs with the highest net inflows were: - Hong Kong Securities ETF (513090.SH): 1.60181 billion yuan - 30-Year Treasury ETF (511090.SH): 1.43977 billion yuan - 30-Year Treasury ETF Bosera (511130.SH): 1.28831 billion yuan - Hong Kong Stock Connect Internet ETF (159792.SZ): 0.96396 billion yuan - Convertible Bond ETF (511380.SH): 0.07977 billion yuan [3] - A total of 141 ETFs have seen continuous inflows, with the Hong Kong Dividend Low Volatility ETF leading with 4.94 billion yuan over 18 days [7] Outflow Analysis - The top five ETFs with the highest net outflows were: - China Securities 500 ETF (510500.SH): 1.1466 billion yuan - Sci-Tech 50 ETF (588000.SH): 0.83326 billion yuan - Huabao Tianyi ETF (511990.SH): 0.5104 billion yuan - Credit Bond ETF Bosera (159396.SZ): 0.20531 billion yuan - A500 ETF (512050.SH): 0.0465 billion yuan [5] - A total of 298 ETFs have experienced continuous outflows, with the China Securities A50 Index ETF leading with 9.65 billion yuan over 32 days [9] Recent Trends - Over the past five days, 94 ETFs have accumulated net inflows exceeding 1 billion yuan, with the 30-Year Treasury ETF Bosera leading at 5.256 billion yuan [10] - In contrast, 121 ETFs have seen net outflows exceeding 1 billion yuan, with the Yin Hua Daily ETF experiencing the largest outflow of 3.798 billion yuan [10]

Group 1 - The stock indices collectively rose this week, with the Shanghai and Shenzhen stock markets seeing a net inflow of approximately 4 billion yuan into stock ETFs and cross-border ETFs [1][4] - The Shanghai Composite Index closed at 3593.66 points, up 1.67% for the week, while the Shenzhen Component Index closed at 11168.14 points, up 2.33% [2] - Major industry-themed ETFs such as steel, chemicals, and infrastructure received significant inflows, while technology-related ETFs like those focused on semiconductor and military sectors faced outflows [5][8] Group 2 - The steel ETF saw a net inflow of 14.24 billion yuan, the chemical ETF 13.90 billion yuan, and the infrastructure ETF 12.16 billion yuan, indicating strong investor interest in these sectors [5][6] - In contrast, the semiconductor ETF experienced a net outflow of 9.26 billion yuan, with significant reductions in shares for military and medical ETFs as well [8] - The overall market sentiment is supported by stable policy expectations, increased market liquidity, and heightened investor activity, which are driving the strength of A-shares [4][11] Group 3 - The Hong Kong securities ETF had a weekly trading volume exceeding 100 billion yuan, indicating robust trading activity in the region [12][14] - Several ETFs reached new highs in trading volume, reflecting a positive market trend and investor confidence [13][14] - The implementation of infrastructure projects, such as the Yarlung Tsangpo River hydropower project, is expected to boost demand for materials in the steel and cement industries [11]

Core Insights - As of July 24, the total inflow of funds into ETFs reached 211.91 billion yuan, while outflows amounted to 167.70 billion yuan, resulting in a net inflow of 44.21 billion yuan [1] Fund Inflows - The non-monetary ETFs with the highest net inflows were: - E Fund CSI Hong Kong Securities Investment Theme ETF (513090) with a net inflow of 1.968 billion yuan - Huaxia SSE Sci-Tech Innovation Board 50 Component ETF (588000) with a net inflow of 979 million yuan - GF CSI Hong Kong Innovative Medicine (QDII-ETF) (513120) with a net inflow of 808 million yuan [1] Fund Outflows - The non-monetary ETFs with the highest net outflows were: - Huaan Gold Easy ETF (518880) with a net outflow of 410 million yuan - Huabao CSI Bank ETF (512800) with a net outflow of 274 million yuan - Dividend Low Volatility ETF (512890) with a net outflow of 236 million yuan [1]

Group 1 - As of July 23, the total inflow of funds into ETFs in the two markets reached 190.66 billion yuan, while outflows amounted to 168.01 billion yuan, resulting in a net inflow of 22.65 billion yuan [1] - The non-monetary ETFs with the highest net inflow were the Huaxia Hang Seng Internet Technology ETF (QDII) (513330) with 9.57 billion yuan, the E Fund CSI Hong Kong Securities Investment Theme ETF (513090) with 8.92 billion yuan, and the Huaxia Hang Seng Technology ETF (QDII) (513180) with 5.95 billion yuan [1] - The non-monetary ETFs with the highest net outflow were the GF CSI Hong Kong Innovative Medicine (QDII-ETF) (513120) with 3.78 billion yuan, the CSI A500 (560510) with 3.00 billion yuan, and the Invesco Great Wall CSI A500 ETF (159353) with 2.70 billion yuan [1]

Summary of ETF Fund Flows Core Insights - On July 21, 2025, a total of 263 ETFs experienced net inflows, while 458 ETFs saw net outflows, indicating a significant disparity in investor sentiment towards different funds [1][3]. Net Inflows - 34 ETFs had net inflows exceeding 100 million yuan, with notable inflows into the following funds: - Kexin Bond ETF by Bosera: 2.183 billion yuan - Hong Kong Stock Connect Internet ETF by Fuguo: 965 million yuan - Hong Kong Securities ETF by E Fund: 624 million yuan - Infrastructure 50 ETF by GF: 592 million yuan - Hong Kong Stock Connect Non-bank ETF by GF: 577 million yuan [1][3]. Net Outflows - 23 ETFs experienced net outflows exceeding 100 million yuan, with significant outflows from: - CSI 1000 ETF: 433 million yuan - Gold ETF: 270 million yuan - CSI A500 ETF by Invesco: 258 million yuan - Huashang Tianyi ETF: 229 million yuan - CSI 300 ETF: 202 million yuan [1][5]. Continuous Inflows - 122 ETFs have seen continuous net inflows, with the top performers being: - CSI 2000 Enhanced ETF: 211 million yuan over 16 days - Hong Kong Dividend Low Volatility ETF: 384 million yuan over 14 days - Hang Seng Dividend Low Volatility ETF: 913 million yuan over 14 days - Hong Kong Stock Connect Non-bank ETF: 3.651 billion yuan over 14 days - Trading Money Market ETF: 20.83 million yuan over 14 days [1][7]. Continuous Outflows - 285 ETFs have experienced continuous net outflows, with the largest outflows from: - CSI A50 Index ETF: 826 million yuan over 28 days - CSI A500 ETF: 1.534 billion yuan over 25 days - CSI A50 ETF: 912 million yuan over 25 days - A500 ETF Index: 610 million yuan over 24 days - Digital Economy ETF by ICBC: 389 million yuan over 24 days [1][9]. Recent Trends - Over the past 5 days, 97 ETFs have seen cumulative net inflows exceeding 100 million yuan, with the top inflows from various Kexin Bond ETFs totaling 1.132 billion yuan, 1.105 billion yuan, and others [1][10]. - Conversely, 102 ETFs have experienced cumulative net outflows exceeding 100 million yuan, with the largest outflows from the ChiNext ETF totaling 2.592 billion yuan [1][10].

Core Insights - As of July 21, the total inflow of funds into ETFs in the two markets reached 200.914 billion yuan, while outflows amounted to 184.809 billion yuan, resulting in a net inflow of 16.105 billion yuan [1] Fund Type Summary - Equity ETFs experienced a net inflow of 4.243 billion yuan [1] - Bond ETFs saw a net inflow of 10.350 billion yuan [1] - Money market ETFs had a net inflow of 1.011 billion yuan [1] - Commodity ETFs recorded a net inflow of 0.406 billion yuan [1] - QDII ETFs achieved a net inflow of 94.591 million yuan [1] Top Inflows and Outflows - The top three non-money market ETFs with the highest net inflows were: - E Fund CSI Hong Kong Securities Investment Theme ETF (513090) with a net inflow of 1.331 billion yuan [1] - FT Fund CSI Hong Kong Stock Connect Internet ETF (159792) with a net inflow of 0.451 billion yuan [1] - E Fund CSI 300 ETF Initiated (510310) with a net inflow of 0.400 billion yuan [1] - The top three non-money market ETFs with the highest net outflows were: - Southern CSI 1000 ETF (512100) with a net outflow of 0.307 billion yuan [1] - Huaxia SSE 50 ETF (510050) with a net outflow of 0.122 billion yuan [1] - Innovative Medicine ETF (159992) with a net outflow of 0.110 billion yuan [1]

Summary of ETF Fund Flows Core Insights - On July 17, 2025, a total of 255 ETFs experienced net inflows, while 402 ETFs saw net outflows, indicating a mixed sentiment in the market [1] - Notable inflows were observed in several technology and bond ETFs, particularly the Sci-Tech Bond ETFs from Jiashi and Fuguo, which attracted significant capital [1][3] - Conversely, several ETFs, including the ChiNext ETF and the Sci-Tech 50 ETF, faced substantial outflows, reflecting investor caution in certain sectors [5] Inflow Analysis - The top five ETFs with the highest net inflows included: - Jiashi Sci-Tech Bond ETF (159600.SZ): 79.32 billion CNY - Fuguo Sci-Tech Bond ETF (159200.SZ): 77.92 billion CNY - Southern Sci-Tech Bond ETF (159700.SZ): 14.36 billion CNY - Short-term Bond ETF (511360.SH): 13.61 billion CNY - Securities ETF (512880.SH): 5.63 billion CNY [1][3] Outflow Analysis - The top five ETFs with the highest net outflows included: - ChiNext ETF (159915.SZ): 7.66 billion CNY - Sci-Tech 50 ETF (588000.SH): 6.00 billion CNY - CSI 300 ETF (510300.SH): 3.36 billion CNY - CSI 300 ETF by Yifangda (510310.SH): 2.96 billion CNY - Pharmaceutical ETF (512010.SH): 2.42 billion CNY [5] Recent Trends - A total of 158 ETFs have seen continuous net inflows, with the top performers being: - Soybean Meal ETF: 36.89 million CNY over 16 days - CSI 2000 Enhanced ETF: 1.84 billion CNY over 14 days - Hong Kong Dividend Low Volatility ETF: 3.60 billion CNY over 12 days [7] - Conversely, 245 ETFs have experienced continuous net outflows, with the leading ones being: - CSI A50 Index ETF: 734 million CNY over 26 days - CSI A500 ETF: 1.30 billion CNY over 23 days [9] Long-term Trends - Over the past five days, 97 ETFs recorded net inflows exceeding 1 billion CNY, with the Jiashi Sci-Tech Bond ETF leading at 79.32 billion CNY [10] - In contrast, 102 ETFs saw net outflows exceeding 1 billion CNY, with the Silver Hua Daily ETF experiencing the largest outflow of 37.19 billion CNY [10]

Core Insights - On July 16, 2025, a total of 246 ETFs experienced net inflows, while 408 ETFs saw net outflows, indicating a mixed sentiment in the ETF market [1] - 26 ETFs had net inflows exceeding 100 million yuan, with notable inflows in Credit Bond ETF (511190.SH), Hong Kong Securities ETF (513090.SH), Convertible Bond ETF (511380.SH), Securities ETF (512880.SH), and Bank ETF (512800.SH) [1] - Conversely, 22 ETFs had net outflows exceeding 100 million yuan, with significant outflows from Artificial Intelligence ETF (159819.SZ), AI ETF (515070.SH), and others [1][5] Net Inflows - The top five ETFs with the highest net inflows included: 1. Credit Bond ETF (511190) with 81.08 million yuan 2. Hong Kong Securities ETF (513090) with 44.18 million yuan 3. Convertible Bond ETF (511380) with 35.88 million yuan 4. Securities ETF (512880) with 32.33 million yuan 5. Bank ETF (512800) with 31.80 million yuan [3] Net Outflows - The top five ETFs with the highest net outflows included: 1. Artificial Intelligence ETF (159819) with 39.11 million yuan 2. AI ETF (515070) with 33.67 million yuan 3. China A500 ETF (563220) with 33.56 million yuan 4. ChiNext ETF (159915) with 30.47 million yuan 5. Government Bond ETF (511160) with 30.09 million yuan [5] Recent Trends - A total of 161 ETFs have seen consecutive net inflows, with the leading ones being Aerospace ETF, Soybean Meal ETF, and Military Industry Leader ETF, all with 15 days of inflows [7] - Conversely, 268 ETFs have experienced consecutive net outflows, with the top ones being China A50 Index ETF and China A500 ETF, showing significant outflows over the past weeks [9] Long-term Trends - Over the past five days, 90 ETFs have accumulated net inflows exceeding 100 million yuan, with Financial Technology ETF leading at 4.45 billion yuan [10] - In contrast, 101 ETFs have seen net outflows exceeding 100 million yuan, with Silver Hua Daily ETF experiencing the largest outflow of 4.09 billion yuan [10]

Market Overview - The Shanghai Composite Index rose by 1.09% to close at 3510.18 points, with a weekly high of 3555.22 points [1] - The Shenzhen Component Index increased by 1.78% to 10696.1 points, reaching a peak of 10757.24 points [1] - The ChiNext Index saw a 2.36% rise, closing at 2207.1 points, with a maximum of 2223.31 points [1] - In contrast, major global indices mostly declined, with the Nasdaq Composite down by 0.08%, the Dow Jones Industrial Average down by 1.02%, and the S&P 500 down by 0.31% [1] ETF Market Performance - The median weekly return for stock ETFs was 1.31% [2] - The highest weekly return among scale index ETFs was 3.71% for the Penghua CSI 1000 Enhanced Strategy ETF [2] - The Southern CSI All-Share Real Estate ETF led industry index ETFs with a return of 6.87% [2] - The highest return in thematic index ETFs was 10.66% for the China Asset Management CSI Rare Earth Industry ETF [2][4] ETF Liquidity - Average daily trading volume for stock ETFs increased by 11.8%, while average daily turnover rose by 2.6% [6] ETF Fund Flows - The top five stock ETFs by fund inflow included the Huatai-PB CSI 300 ETF with an inflow of 1.21 billion yuan and the Southern CSI 1000 ETF with 1.057 billion yuan [9] - The largest outflows were from the Guotai CSI All-Share Securities Company ETF, which saw a withdrawal of 553 million yuan [10] ETF Financing and Margin Trading - The financing balance for stock ETFs increased from 40.718 billion yuan to 41.396 billion yuan [11] - The highest financing buy amount was 989 million yuan for the Huaxia SSE Sci-Tech 50 ETF [11] ETF Market Size - The total size of the ETF market reached 4.380227 trillion yuan, with stock ETFs accounting for 3.070385 trillion yuan [14] - Stock ETFs represented 81.0% of the total number of ETFs and 70.1% of the total market size [16] New ETF Issuance - Ten new ETFs were issued, including various AAA technology innovation company bond ETFs [17] Industry Insights - Guojin Securities remains bullish on rare earth prices, citing strategic importance and potential price increases due to U.S. government actions [18] - Dongwu Securities predicts a significant performance surge in the rare earth industry for Q2, with a notable increase in prices and demand for rare earth oxides [19]

2025年7月11日共268只ETF基金获资金净流入，437只ETF基金净流出。净流入金额超1亿元的有40只，沪深300ETF(510300.SH)、短融ETF(511360.SH)、可转 债ETF(511380.SH)、香港证券ETF(513090.SH)、中证1000ETF(512100.SH)资金显著流入，分别净流入12.03亿元、11.89亿元、11.76亿元、11.00亿元、10.59 亿元（净申购份额*单位净值）。 连续净流出的ETF基金有248只，居前的为中证A50指数ETF(22天)、中证A500ETF(19天)、中证A50ETF基金(19天)、A500ETF指数(18天)、数字经济ETF工银 (18天)，分别净流出6.17亿元、6.57亿元、7.13亿元、5.41亿元、3.26亿元。其中，中证A50指数ETF近22天加速流出，近22天累计流出6.17亿元，基金规模快 速下降至66.26亿元。 | 排名 | 基金管理人 | 证券简称 | 证券代码 | 连续净流出天数 累计净流出: (大) | （月元） | | --- | --- | --- | --- | --- | --- | | | 平安 ...