Group 1 - The core viewpoint of the news highlights a recent pullback in the Livestock ETF (159865) amidst a backdrop of "anti-involution," with continued capital inflow into the livestock sector, totaling over 1.2 billion yuan in net inflows over the past 10 trading days, bringing the current scale to nearly 7 billion yuan [1][2]. Group 2 - From May to September this year, the government held several meetings regarding pig farming, implementing stricter regulatory policies, with leading pig farming companies required to reduce production by 1 million heads by the end of the year. The Agricultural and Rural Affairs Ministry reported a cumulative decrease of 50,000 breeding sows from July to August [2]. - It is anticipated that the pig farming industry will enter a phase of capacity reduction starting in July 2025, with the ongoing losses in the industry and strict regulatory policies likely accelerating this process [2]. - The Livestock ETF (159865) tracks the China Securities Livestock Breeding Index, with approximately 60% exposure to "pigs," presenting potential investment opportunities for interested investors [2].

Group 1 - Recent capital inflow into the breeding sector, with the breeding ETF (159865) seeing over 970 million yuan in net inflows in the last 10 trading days, and over 10 million shares subscribed today [1] - On September 16, the National Development and Reform Commission held a meeting signaling a clear policy for reducing pig production capacity [1] - Pacific Securities indicates that both the fattening and breeding segments of the industry have turned from profit to loss, enhancing the market-driven capacity reduction [1] Group 2 - The breeding ETF (159865) tracks the China Securities Livestock Breeding Index, with approximately 60% exposure to "pigs," presenting investment opportunities for interested investors [1]

Group 1 - Recent capital inflow into the aquaculture sector, with the aquaculture ETF (159865) seeing over 250 million yuan in net inflows over three trading days [1] - According to Guojin Securities, after a period of adjustment, the valuation of pig farming enterprises is at a bottom range, with leading companies expected to maintain good profitability in the short term [1] - If supply pressure leads to capacity reduction in the industry in the second half of the year, leading companies can still rely on cost advantages to steadily increase market share, indicating a stabilization at the bottom of the sector's prosperity [1] Group 2 - The aquaculture ETF (159865) tracks the China Securities Livestock Breeding Index, which has a high "pig" component, presenting investment opportunities for interested investors [1] - Investors without stock accounts can access investment opportunities in the aquaculture sector through the aquaculture ETF's linked fund (012725) [1]