Core Viewpoint - The A-share market experienced a significant rally on September 11, with major indices rising, particularly the ChiNext Index which surged by 5.15%, indicating a strong inflow of funds into stock ETFs, totaling 15.611 billion yuan [1][2]. ETF Market Overview - As of September 11, the total scale of all stock ETFs in the market reached 4.32 trillion yuan, with a net inflow of 15.611 billion yuan on that day [2]. - The Hong Kong market ETFs saw the largest net inflow, amounting to 7.359 billion yuan, with innovative drug-related products attracting significant investment despite a drop in the sector [2]. Sector-Specific Inflows - The innovative drug ETFs led the inflow, with the Guangfa Fund's Hong Kong innovative drug ETF receiving a net inflow of 2.297 billion yuan, while the Yinhua Fund's similar ETF saw 1.051 billion yuan [2]. - Broad-based ETFs also performed well, with a net inflow of 5.396 billion yuan, particularly the ETF tracking the CSI A500 index, which attracted 2.524 billion yuan [2]. Broker and Battery Sector Performance - The brokerage sector, referred to as the "bull market flag bearer," saw multiple securities ETFs experience net inflows, with the Hong Kong Stock Connect non-bank ETF accumulating over 1 billion yuan in net purchases over three consecutive trading days [3]. - The battery sector also received substantial investment, with Guangfa Fund's battery ETF attracting 507 million yuan, making it the largest battery ETF in the market with a total scale of 9.952 billion yuan [3]. Fund Management Insights - E Fund's ETFs saw significant inflows, with the medical ETF gaining 370 million yuan and the Hang Seng Technology ETF receiving 280 million yuan [4]. - Guangfa Fund led the market with a total net inflow of 3.7 billion yuan across its ETFs, focusing on leading products in the innovative drug and battery sectors [5]. Market Outlook - The liquidity easing is expected to provide valuation support for A-shares, with potential for a continued upward trend in the market driven by favorable policies and improved market conditions [7].