Market Review - The A-share market showed a mixed performance among major indices, with the Small and Medium-sized Board Index, CSI 300, and ChiNext Index yielding returns of 1.83%, 1.54%, and 1.50% respectively, while the Sci-Tech 50, CSI 1000, and CSI 500 indices lagged with returns of -0.35%, 0.56%, and 0.81% respectively [6][12] - The steel, banking, and building materials sectors performed well, with returns of 5.27%, 3.78%, and 3.63% respectively, while comprehensive finance, computer, and overall sectors underperformed with returns of -4.45%, -0.86%, and -0.72% respectively [18][19] - The People's Bank of China conducted a net withdrawal of 1.3753 trillion yuan through reverse repos, with a total of 2.0275 trillion yuan maturing [20] Fund Issuance - A total of 23 new funds were established last week, with a total issuance scale of 5.328 billion yuan, which is a decrease compared to the previous week [4][43] - Among the newly established funds, 41.72 billion yuan was from equity funds, 0.89 billion yuan from mixed funds, and 10.67 billion yuan from bond funds, while no new alternative or money market funds were issued [43][44] - There were 36 funds that entered the issuance phase last week, and 41 funds are expected to start issuing this week [4][47] Fund Performance - The median returns for active equity, flexible allocation, and balanced mixed funds were 1.16%, 0.99%, and 0.99% respectively last week [31] - Year-to-date, alternative funds have shown the best performance with a median return of 11.34%, while active equity, flexible allocation, and balanced mixed funds had median returns of 6.02%, 3.47%, and 2.06% respectively [31][33] - The median excess return for index-enhanced funds was 0.17%, while quantitative hedging funds had a median return of 0.33% last week [34] New Fund Models - On July 4, the China Securities Regulatory Commission reported the application of 11 new floating-rate products, including those from major fund companies such as Bank of China Fund and Ping An Fund, with fee rates set at three levels: 1.2%, 1.5%, and 0.6% [7][8] New Index Launch - On June 30, the Beijing Stock Exchange and China Securities Index Co., Ltd. launched the North Exchange Specialized and Innovative Index, which selects the top 50 "little giant" companies based on market capitalization to reflect the overall performance of specialized and innovative companies listed on the North Exchange [10][11]

- The report discusses the performance of various broad-based indices in the A-share market, highlighting that the Small and Medium Enterprise Board Index, CSI 300, and ChiNext Index had the highest returns last week, with returns of 1.83%, 1.54%, and 1.50%, respectively[1][13] - The report also notes that the Science and Technology Innovation Board 50 Index, CSI 1000, and CSI 500 indices had lower returns, with returns of -0.35%, 0.56%, and 0.81%, respectively[1][13] - In terms of trading volume, the report mentions that the trading volume of major broad-based indices decreased last week, with the indices positioned between the 45%-70% historical percentile over the past 52 weeks[1][14] - The report provides a detailed analysis of the performance of various industry sectors, noting that the steel, banking, and building materials sectors had the highest returns last week, with returns of 5.27%, 3.78%, and 3.63%, respectively[1][19] - Conversely, the comprehensive financial, computer, and comprehensive sectors had the lowest returns, with returns of -4.45%, -0.86%, and -0.72%, respectively[1][19] - The report highlights the performance of open-ended public funds, stating that active equity, flexible allocation, and balanced hybrid funds had returns of 1.16%, 0.99%, and 0.99%, respectively, last week[1][31] - It also mentions that alternative funds had the best performance year-to-date, with a median return of 11.34%, while active equity, flexible allocation, and balanced hybrid funds had median returns of 6.02%, 3.47%, and 2.06%, respectively[1][32] - The report discusses the performance of quantitative public funds, noting that the median excess return of index-enhanced funds was 0.17% last week, while the median return of quantitative hedge funds was 0.33%[1][34] - Year-to-date, the median excess return of index-enhanced funds was 2.94%, and the median return of quantitative hedge funds was 0.95%[1][34] - The report provides a detailed breakdown of the performance of various types of funds, including active equity, flexible allocation, balanced hybrid, short-term pure bond, medium- to long-term pure bond, mixed bond primary, mixed bond secondary, money market, and alternative funds[1][33] - The report includes a list of the top-performing funds in various categories, such as the top three weekly performers in the active equity category, which were Zhonghang Youxuan Linghang A (15.84%), Yongying Yiyao Jiankang A (15.52%), and Hongtu Chuangxin Yiliao Baojian (13.39%)[1][59] - The report also lists the top ten weekly performers in the index-enhanced fund category, with the top performer being Anxin Zhongzheng 500 Index Enhanced A (1.87%)[1][60] - Additionally, the report lists the top ten weekly performers in the quantitative hedge fund category, with the top performer being Zhongyou Juedui Shouyi Celue (1.16%)[1][61] - The report provides a summary of the newly established funds last week, noting that a total of 23 new funds were established, with a combined issuance scale of 53.28 billion yuan[1][46] - The report also mentions that 36 new funds entered the issuance stage last week, with the majority being passive index funds and equity hybrid funds[1][51]