1. Report Industry Investment Rating No information provided in the given content. 2. Core View of the Report The report indicates that the ETFs in the technology TMT sector are warming up. The index product market is active, with a significant number of product listings, new launches, and filings. In the recent week, most major broad - based ETFs in the A - share market, as well as those in the Hong Kong and US markets, have seen price increases, especially in the technology and cross - border sectors [1][3][13]. 3. Summary by Relevant Catalogs 3.1 Index Product Establishment, Fund - raising, and Filing - **Product Listing and Establishment**: 8 ETF products, such as Morgan Hang Seng Hong Kong Stock Connect 50 ETF and Bosera Industrial Software ETF, were listed, and 17 products, including CICC CSI A500 Index Enhancement A and Penghua CSI 500 Index Quantitative Enhancement A, were established [1][5]. - **Product Fund - raising Information**: In the coming week, 15 index products, like Xingquan CSI 300 Quality ETF, will end their fund - raising, and 13 products, such as Fuguo Hang Seng Biotechnology ETF, will start [7]. - **Product Filing Information**: A total of 60 index products were filed in the recent week. Among them, 28 science and technology innovation board - themed products accounted for half. 12 fund companies, including Southern and E Fund, filed for the CSI Science and Technology Innovation and Entrepreneurship Robot ETF [2][10]. 3.2 ETF Market Review - **Broad - based ETFs**: Most major broad - based ETFs in the A - share market rose, with the ChiNext 50 ETF and Science and Technology Innovation 50 ETF increasing by 4.65% and 3.22% respectively. In the Hong Kong market, the Hang Seng Internet rose 3.11%. In the US market, the Nasdaq ETF and S&P 500 ETF increased by 4.99% and 4.59% respectively. The gold ETF in the commodity ETF category rose 2.55% [3][13]. - **Industry ETFs**: Most major industry ETFs in the A - share market rose. The technology category had relatively high increases, with the communication ETF rising the most at 8.85%, followed by the electronics ETF and chip ETF, which increased by 5.23% and 4.73% respectively [3]. - **Cross - border ETFs**: All major broad - based cross - border market indices rose. The China - South Korea Semiconductor and Nasdaq 100 had the highest increases, at 5.17% and 4.93% respectively. The Huatai - Peregrine CSI KRX China - South Korea Semiconductor ETF led the gains at 7.66% [18]. 3.3 ETF Fund Flow - **Overall Scale**: As of November 28, 2025, there were 1,369 ETFs in the entire market, with a total scale of 5,688.698 billion yuan, an increase of 85.044 billion yuan from the previous week. The A - share and cross - border ETFs ranked first and second in scale [3]. - **Net Inflow and Outflow**: Among non - monetary ETFs, the ETFs targeting Shanghai - listed market - making treasury bonds had the largest net inflow of 2.942 billion yuan, while the ETFs tracking the ChiNext Index had the largest net outflow of 6.867 billion yuan [3]. - **High - inflow Products**: Huaxia Shanghai Benchmark Market - making Treasury Bond ETF and Dacheng CSI AAA Science and Technology Innovation Corporate Bond ETF had high fund inflows, at 2.942 billion and 2.426 billion yuan respectively. Haifutong CSI Short - term Financing ETF and Bosera CSI Convertible Bond and Exchangeable Bond ETF had high liquidity, with average daily trading volumes of 23.01 billion and 10.005 billion yuan respectively [30].

1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoints of the Report - The ETFs in the technology TMT sector are warming up, with a large number of index products being established, raised, and declared, and the US stock ETFs leading in terms of gains [1][3][13] 3. Summary According to the Table of Contents 3.1 Index Product Establishment, Raising, and Declaration - **Product Establishment and Listing**: 8 ETF products, including Morgan Hang Seng Hong Kong Stock Connect 50 ETF and Boshi Industrial Software ETF, were listed, and 17 products, including Chuangjin Hexin CSI A500 Index Enhancement A and Penghua CSI 500 Index Quantitative Enhancement A, were established [1][6] - **Product Issuance Information**: 15 index products, such as Xingquan CSI 300 Quality ETF, will end their raising in the next week, and 13 index products, including Fuguo Hang Seng Biotechnology ETF, will start their raising [1][8] - **Product Declaration Information**: A total of 60 index products were declared in the recent week, among which 28 science - innovation - board theme products accounted for half. 12 fund companies, including Southern and E Fund, declared the CSI Science - Innovation and Entrepreneurship Robot ETF [2][10] 3.2 ETF Market Review - **Overall Market Performance**: Most of the major broad - based ETFs in the A - share market rose, with the GEM 50 ETF and the Science and Technology Innovation 50 ETF rising by 4.65% and 3.22% respectively; the Hang Seng Internet rose by 3.11%; the major broad - based ETFs in the US stock market had prominent gains, with the Nasdaq ETF rising by 4.99% and the S&P 500 ETF rising by 4.59%; the gold ETF rose by 2.55% [3][13] - **Industry - Specific Performance**: Most of the major industry ETFs in the A - share market rose. The technology sector had relatively high gains, with the communication ETF rising by 8.85%, and the electronics ETF and the chip ETF rising by 5.23% and 4.73% respectively [3][16] - **Cross - border ETF Performance**: All the major broad - based indexes in the cross - border markets rose, with the China - South Korea Semiconductor and the Nasdaq 100 rising by 5.17% and 4.93% respectively. Huatai - Peregrine CSI KRX China - South Korea Semiconductor ETF led the gains with a 7.66% increase [19] 3.3 ETF Fund Flows - **Overall Scale**: As of November 28, 2025, there were 1369 ETFs in the whole market, with a total scale of 56886.98 billion yuan, an increase of 850.44 billion yuan from the previous week. The A - share ETFs and cross - border ETFs ranked in the top two in terms of scale [25] - **Fund Inflows and Outflows**: Among the non - currency ETFs, the ETFs with the Shanghai - listed Market - Making Treasury Bonds as the underlying had the largest net fund inflows of 29.42 billion yuan, while the ETFs tracking the GEM Index had the largest net outflows of 68.67 billion yuan [3][29] - **High - Inflow and High - Liquidity ETFs**: Huaxia Shanghai Benchmark Market - Making Treasury Bond ETF and Dacheng CSI AAA Science and Technology Innovation Corporate Bond ETF had relatively high fund inflows, with 29.42 billion yuan and 24.26 billion yuan respectively. Haifutong CSI Short - Term Notes ETF and Boshi CSI Convertible Bonds and Exchangeable Bonds ETF had high liquidity, with average daily trading volumes of 230.10 billion yuan and 100.05 billion yuan respectively [32]

- The report does not contain any specific quantitative models or factors for analysis[1][2][3] - The content primarily focuses on market performance, fund issuance, and fund performance, without detailing any quantitative models or factor construction methodologies[1][2][3]