消息面来看，据央视新闻报道，当地时间9月17日，美联储最新的联邦公开市场委员会（FOMC）货币 政策会议纪要显示，美联储决定将联邦基金利率目标区间下调25个基点，至4.00%-4.25%之间。这是美 联储自2024年12月以来的首次降息。美国近几个月新增就业远低于预期让美联储终于采取降息措施。此 前市场预计，此次下调之后，今年十月底和十二月初的最后两次美联储政策会议可能还会进行类似幅度 的降息。 华泰证券指出，鲍威尔在会议上表态偏鸽。考虑到9月就业市场仍然可能面临压力，支持10月降息，我 们将美联储年内降息次数从2次上调至3次。美联储维持鸽派立场，叠加经济基本面仍有韧性，预计将继 续支撑全球流动性以及股市表现。 开源证券指出，随着科创板和北交所的崛起，创业板已不再单纯代表"新资产"，而是形成更均衡的产业 格局，当前创业板彻底的权重更迭尚未出现，反而其估值处于低位，在AI硬件波动放大后，新能源或 成为主线。 9月18日，三大指数集体低开。 热门ETF方面，创业板ETF天弘（159977）截至发稿跌0.67%，成交额超6400万元。成分股中，新诺威 涨超6%，智飞生物、安克创新、先导智能等跟涨。 据Wind数据， ...

Group 1 - The A-share market opened lower but rebounded, with the ChiNext Index turning positive, indicating a recovery in the growth sector [1] - The Tianhong ChiNext ETF (159977) rose by 0.21%, with significant gains in component stocks such as robots, which increased over 14%, and Shenghong Technology, which rose over 6% to reach a new high [1] - The ChiNext Index, which consists of 100 representative companies, reflects the operational status of the ChiNext market, with a high proportion of emerging industries and high-tech enterprises [1] Group 2 - The People's Bank of China and seven departments issued guidelines to support the integration of the digital economy with the real economy, emphasizing the use of technology to enhance efficiency in manufacturing, especially for SMEs [2] - Current market conditions are favorable, with stable domestic policies leading to positive fundamental expectations, suggesting that after structural adjustments, the market will continue to trend upward [2] - Key sectors to focus on in August include AI applications, AI hardware, non-bank financials, and innovative pharmaceuticals, with a long-term view on the progress of social intelligence and the carbon neutrality industry chain [2]

Group 1 - The overall market showed weakness on July 30, with the ChiNext Index dropping over 1.00%, the Shanghai Composite Index down 0.17%, and the Shenzhen Component Index falling 0.54% [1] - The Tianhong ChiNext ETF (159977) decreased by 0.68% as of the report, but it has accumulated a gain of over 24% in the last 60 trading days [1][2] - Key stocks in the ChiNext ETF included E-Link Technology, which rose over 7%, along with other stocks like Mindray Medical, New Industry, and Zhifei Biological [1] Group 2 - As of July 29, the Tianhong ChiNext ETF (159977) had a latest circulating scale of 8.854 billion yuan [2] - The ChiNext Index (399006.SZ) is a core index of the Shenzhen Stock Exchange, consisting of 100 representative companies, reflecting the operational status of the ChiNext market [2] - The top ten stocks in the ChiNext Index include Ningde Times, Dongfang Wealth, Huichuan Technology, Zhongji Xuchuang, and Mindray Medical [2] Group 3 - Everbright Securities indicated that the second half of the year may see expectations affected by the sustainability of profit recovery, liquidity heat, and the importance of the capital market [3] - New emerging industries are expected to become new growth points for the economy, with breakthroughs in fields like artificial intelligence and robotics, supported by policies [3] - The semiconductor sector is continuously advancing to fill gaps, indicating a strong momentum in emerging industries [3]

Group 1 - The market experienced a rebound on July 28, with the ChiNext Index leading the gains, and the Tianhong ChiNext ETF (159977) rising by 0.86% with a trading volume exceeding 13 million yuan [1] - As of July 25, the Tianhong ChiNext ETF had a latest circulating scale of 8.644 billion yuan, closely tracking the ChiNext Index (399006.SZ), which consists of 100 representative ChiNext listed companies [1] - The ChiNext Index is characterized by a high proportion of emerging industries and high-tech enterprises, reflecting the operational status of the ChiNext market [1] Group 2 - Guojin Securities' report indicates that the overall market is approaching previous highs, with domestic policies continuing to support demand while promoting market clearing [1] - Huatai Securities' latest report highlights a sustained increase in global risk appetite, with A-shares breaking through and experiencing five consecutive weeks of upward movement [2]

Group 1 - The three major indices collectively rose, with the ChiNext Index opening low and then rising, reaching a new high for the year as of July 22, with a gain of 0.43% [1] - The Tianhong ChiNext ETF (159977) increased by 0.63% as of the same date, having gained nearly 19% over the past 60 trading days [1] - The latest circulating share count for the Tianhong ChiNext ETF is 3.626 billion shares, with a circulating scale of 8.692 billion yuan [1] Group 2 - Guotai Junan Securities recommends significantly increasing allocation to the ChiNext board while slightly increasing the allocation to the Sci-Tech Innovation Board and reducing allocation to the main board [2] - There is a notable adjustment in the holding structure of active funds, with increased allocation to mid-cap growth stocks represented by the CSI 500, such as technology hardware, pharmaceuticals, and new consumption [2] - The financial sector's allocation has been significantly increased, particularly in insurance, city commercial banks, and joint-stock banks, aligning with the trend of public fund reforms [2]