Market Performance - As of July 28, 2025, the CSI 300 Index decreased by 0.11%, with mixed performance among constituent stocks [1] - Leading stocks included Hengrui Medicine, which rose by 7.34%, and Top Group, which increased by 2.65% [1] ETF Activity - The CSI 300 ETF recorded a trading volume of 126 million yuan on the day, with an average daily trading volume of 1.125 billion yuan over the past year [3] - The ETF's scale increased by 8.432 billion yuan this month, with a significant growth in shares by 7.601 billion [3] - The ETF experienced continuous net inflows over the past three days, totaling 86.022 million yuan, with a peak single-day net inflow of 58.667 million yuan [3] - Leveraged funds are actively participating, with the latest margin buying amounting to 9.6366 million yuan and a margin balance of 1.009 billion yuan [3] Performance Metrics - The CSI 300 ETF's net value increased by 9.50% over the past six months, with a maximum single-month return of 25.64% since inception [3] - The longest consecutive monthly gain was six months, with a maximum increase of 18.39%, and an average monthly return of 4.63% [3] - Over the past three months, the ETF outperformed the benchmark with an annualized return of 9.16% [3] Market Outlook - Guotai Junan Securities indicated that the downward trend in risk-free interest rates in 2025 is a key driver for the rise of the Chinese stock market, positively impacting valuations across blue-chip and growth stocks [4] - Galaxy Securities noted the rapid rotation in the market and increasing attention on undervalued sectors, suggesting that investments with a safety margin are currently more appealing [4] Top Holdings - As of June 30, 2025, the top ten weighted stocks in the CSI 300 Index accounted for 22.76%, including Kweichow Moutai, CATL, and Ping An Insurance [5] - The top ten stocks by weight are as follows: Kweichow Moutai (-0.91%, 4.19%), CATL (1.02%, 3.15%), Ping An Insurance (1.33%, 2.83%), and others [7] Investment Opportunities - Investors without stock accounts can access core A-share assets through the CSI 300 ETF linked fund (160724) for low-position investments [7]