15日，两市股指午后加速下探，深证成指跌逾1%，创业板指跌近2%，全A近3000股飘绿。 中银证券表示，往后看，A股整体仍处于上行通道之中。首先，政策从"托底"到"提质"的平滑过渡，为 市场创造了稳定的宏观预期环境。随着政策预期趋于稳定，市场动能将从前期主要由政策与资金驱动， 逐步向盈利基本面驱动转换。A股当前正处于"牛市中继"阶段，2026年中长期资金入市等政策性利好依 然可期，而价格中枢回暖、内需复苏以及产业创新带来的盈利增长将有助于市场走向全面牛。短期来 看，美联储继任人选以及国内货币财政政策的落地或将成为岁末年初市场关注的焦点。随着地缘政治风 险的缓和以及中美政策预期的逐步落地，明年A股的跨年配置行情有望提前启动，围绕"春躁"布局，可 重点关注科技+"反内卷"两条主线。 截至收盘，沪指跌0.55%报3867.92点，深证成指跌1.1%，创业板指跌1.77%，科创50指数跌2.22%，沪 深北三市合计成交17945亿元。 盘面上看，半导体、传媒、医药等板块走低，保险、零售、食品饮料、钢铁、酿酒等板块拉升，商业航 天、黄金概念等活跃。 ...

华宝基金 rabao WP Fund 2 2 8 7 8 7 2025年12月 | 3A系列ETF当日场内行情 # 中证A100ETF基金 中证A500ETF华宝 A50ETF华宝 159596 562000 563500 -0.32% -0.17% +0.17% A50ETF学生于2024.3.18上市,中证A100ETF基金于2022.8.1上 數據来源:治深皮易所等,行情數据註至2025.12 10收点 市、中国A500ETFEST 2024.12.2上市 当日大市行情 na -0.23% +0.29% -0.02% 上证指数 创业板指 较上一日-1254亿元 两市成交额1.78万亿元 全市场个股涨跌数 24351 178日 2844 只 =1 上涨 | 持平 叫下跌 资金净流入TOP3行业(申万一级) 居地产 商贸零售 +12.26亿元 +12.02▽元 +7.79亿元 机构观点 中银证券:当前来看,市场在资金和政策支撑下,整体仍处于上行中 枢。明年A股有望在估值支撑及盈利企稳支撑下延续牛市,跨年配置 行情有望提前开启。地缘政治风险因素缓和及联储降息预期的重新升 温有望为A股帶来看季躁动预热行情,中美 ...

Core Viewpoint - A500ETF Southern (159352) is experiencing significant market activity and growth, driven by favorable economic policies and investor sentiment, indicating a potential bullish trend in the A-share market [1][2]. Group 1: Market Performance - As of December 8, A500ETF Southern (159352) saw an intraday increase of over 1%, currently up 0.91%, marking a potential three-day rally with a turnover rate of 27.21% and a transaction volume of 5.97 billion [1]. - The underlying index, the CSI A500 Index (000510), also rose by 0.91%, with notable increases in constituent stocks such as Tianfu Communication (300394) up 20.00% and Maiwei Co. (300751) up 18.44% [1]. - Over the past three months, A500ETF Southern (159352) has experienced a scale increase of 3.93 billion, with a net inflow of 739 million over the last three days [1]. Group 2: Economic and Policy Context - The Central Political Bureau of the Communist Party of China held a meeting on December 8, emphasizing the need for stable economic growth and the implementation of proactive fiscal and moderately loose monetary policies for 2026 [1][2]. - The market is expected to benefit from easing geopolitical risks and renewed expectations of interest rate cuts by the Federal Reserve, which may trigger a pre-spring rally in the A-share market [2]. Group 3: Index Characteristics - The CSI A500 Index is designed to cover high-quality large and mid-cap A-share companies, focusing on emerging manufacturing and consumption upgrade sectors, and is recognized as a "barometer of China's new productivity" [2]. - The index employs a unique compilation logic that prioritizes industry leaders and excludes negative ESG factors, covering approximately 90 sub-industries and including major companies with market caps in the hundreds of billions [2]. - The top ten weighted stocks in the CSI A500 Index include Ningde Times, Kweichow Moutai, and China Ping An, among others, reflecting a balanced distribution across key sectors [2]. Group 4: Investment Features - A500ETF Southern (159352) offers the lowest fee structure in the industry with a management fee of 0.15% and a custody fee of 0.05%, providing investors with a high-precision, low-cost investment channel [3]. - The fund's high liquidity meets trading demands, while its associated funds facilitate convenient regular investments, positioning it as a versatile investment tool for the new era [3].