Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints No explicit core viewpoints are presented in the given content. The data mainly focuses on the price, volatility, and related indicators of various financial products such as ETFs and indices. 3. Summary by Product 50ETF - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 3.059 to 3.122, with a maximum daily increase of 1.63%. The current month IV ranged from 15.16% - 16.24%, and the next month IV from 17.60% - 18.58% [1]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 48.90% - 67.40%, and the next month IV quantiles were 58.60% - 80.50% [1]. Shanghai 300ETF - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 4.528 to 4.660, with a maximum daily increase of 2.69%. The current month IV ranged from 14.58% - 17.98%, and the next month IV from 18.37% - 20.32% [4]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 31.80% - 73.80%, and the next month IV quantiles were 59.90% - 84.70% [4]. Shenzhen 300ETF - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 4.671 to 4.800, with a maximum daily increase of 2.56%. The current month IV ranged from 15.27% - 18.07%, and the next month IV from 18.76% - 20.31% [8]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 39.50% - 76.20%, and the next month IV quantiles were 60.50% - 84.00% [8]. Shanghai CSI 500ETF - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 7.006 to 7.224, with a maximum daily increase of 3.11%. The current month IV ranged from 19.27% - 21.34%, and the next month IV from 22.92% - 24.33% [16]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 38.70% - 67.20%, and the next month IV quantiles were 59.90% - 81.60% [16]. Shenzhen CSI 500ETF - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 2.800 to 2.891, with a maximum daily increase of 3.14%. The current month IV ranged from 19.63% - 21.80%, and the next month IV from 23.46% - 24.69% [22]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 42.00% - 70.30%, and the next month IV quantiles were 61.60% - 81.30% [22]. ChiNext ETF - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 2.845 to 3.025, with a maximum daily increase of 5.22%. The current month IV on September 9 - 10 was 32.85% - 33.59%, and the next month IV was 35.81% - 35.99% [26]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 72.60% - 86.00%, and the next month IV quantiles were 82.20% - 91.10% [26]. Shenzhen 100ETF - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 3.314 to 3.451, with a maximum daily increase of 3.82%. The current month IV ranged from 20.52% - 25.02%, and the next month IV from 24.00% - 26.67% [36]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 55.90% - 83.40%, and the next month IV quantiles were 66.20% - 88.30% [36]. Science and Technology Innovation 50ETF - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 1.307 to 1.393, with a maximum daily increase of 5.45%. The current month IV ranged from 35.02% - 43.96%, and the next month IV from 39.70% - 45.48% [44]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 65.30% - 93.20%, and the next month IV quantiles were 77.60% - 90.30% [44]. Science and Technology Innovation Board 50ETF - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 1.277 to 1.361, with a maximum daily increase of 5.50%. The current month IV ranged from 38.59% - 48.40%, and the next month IV from 40.15% - 47.41% [51]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 75.10% - 93.60%, and the next month IV quantiles were 73.40% - 91.30% [51]. 300 Index - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 4436.258 to 4548.035. The current month IV ranged from 13.77% - 16.79%, and the next month IV from 18.80% - 20.23% [59]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 29.30% - 67.00%, and the next month IV quantiles were 59.10% - 80.30% [59]. 1000 Index - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 7226.028 to 7399.885. The current month IV ranged from 20.56% - 22.39%, and the next month IV from 24.87% - 25.65% [61]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 31.00% - 50.50%, and the next month IV quantiles were 55.10% - 72.10% [61]. Shanghai Composite 50 Index - **Price and Volatility**: From September 9 - 11, 2025, the price increased from 2928.632 to 2983.083. The current month IV ranged from 14.52% - 16.95%, and the next month IV from 65.29% - 71.83% [75]. - **IV Quantiles**: The current month IV quantiles in the past 1 - 2 years were 30.60% - 66.60%, and the next month IV quantiles were 97.10% - 99.70% [75].