Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report The report presents the market performance of A - shares and various ETFs on January 28, 2026, including the performance of the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index, as well as the price changes and trading volumes of different types of ETFs [2][3][4]. 3. Summary by Related Catalogs Market Overview - The Shanghai Composite Index rose 0.27% to close at 4151.24 points, the Shenzhen Component Index rose 0.09% to close at 14342.89 points, and the ChiNext Index fell 0.57% to close at 3323.56 points. The trading volume of A - shares in the two markets was 29919 billion yuan. The top - performing industries were non - ferrous metals (5.92%), petroleum and petrochemical (3.54%), and coal (3.42%), while the bottom - performing industries were comprehensive (-2.53%), media (-1.77%), and national defense and military industry (-1.68%) [2][6]. Stock ETF - The top - trading - volume stock ETFs included: Huatai - Peregrine CSI 300 ETF, up 0.32% with a discount rate of 0.24%; E Fund CSI 300 ETF, up 0.29% with a discount rate of 0.19%; and China AMC CSI 300 ETF, up 0.27% with a discount rate of 0.18% [3][7]. - The report also provided a table of the top ten stock ETFs by trading volume, showing details such as code, fund name, price, change rate, tracking index, and discount rate [8]. Bond ETF - The top - trading - volume bond ETFs were: Haifutong CSI Short - term Financing Bond ETF, down 0.00% with a discount rate of 0.00%; China AMC Shanghai Stock Exchange Benchmark Market - making Treasury Bond ETF, up 0.04% with a discount rate of 0.03%; and Bosera CSI Convertible and Exchangeable Bond ETF, up 0.99% with a discount rate of 1.22% [4][9]. - A table of the top five bond ETFs by trading volume was presented, including code, fund name, price, change rate, discount rate, and trading volume [10]. Gold ETF - Gold AU9999 rose 3.57% and Shanghai Gold rose 3.27%. The top - trading - volume gold ETFs were: Huaan Gold ETF, up 3.16% with a discount rate of 3.23%; E Fund Gold ETF, up 3.19% with a discount rate of 3.22%; and Bosera Gold ETF, up 3.20% with a discount rate of 3.20% [10]. - A table of the gold ETFs showed details such as code, fund name, price, change rate, trading volume, IOPV, and discount rate [11]. Commodity Futures ETF - Dacheng Non - ferrous Metals Futures ETF rose 0.74% with a discount rate of 0.98%; Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF rose 1.53% with a discount rate of 1.27%; and China AMC Feed Soybean Meal Futures ETF rose 0.76% with a discount rate of 3.92% [11]. - A table provided information on the commodity futures ETFs, including code, fund name, price, change rate, trading volume, IOPV, discount rate, tracking index, and tracking index change rate [12]. Cross - border ETF - The previous trading day, the Dow Jones Industrial Average fell 0.83%, the Nasdaq rose 0.91%, the S&P 500 rose 0.41%, and the German DAX fell 0.15%. On this day, the Hang Seng Index rose 2.58% and the Hang Seng China Enterprises Index rose 2.89%. The top - trading - volume cross - border ETFs were: E Fund CSI Hong Kong Securities Investment Theme ETF, up 0.62% with a discount rate of - 0.43%; Huatai - Peregrine Hang Seng Technology ETF, up 1.88% with a discount rate of 1.56%; and Huatai - Peregrine CSI KRX China - South Korea Semiconductor ETF, up 7.43% with a discount rate of 17.96% [14]. - A table of the top five cross - border ETFs by trading volume was shown [15]. Money ETF - The top - trading - volume money ETFs were: Yin Hua Ri Li ETF, Hua Bao Tian Yi ETF, and Money ETF Jianxin [16]. - A table presented the top three money ETFs by trading volume [17].

Report Overview - The report provides an overview of the A-share market, ETFs, and other financial instruments on January 23, 2026 [2][6]. Market Overview - The Shanghai Composite Index rose 0.33% to 4136.16 points, the Shenzhen Component Index rose 0.79% to 14439.66 points, and the ChiNext Index rose 0.63% to 3349.50 points [2][6]. - The total trading volume of A-shares was 31184 billion yuan [2][6]. - The top-performing sectors were power equipment (3.50%), non-ferrous metals (2.73%), and national defense and military industry (2.65%), while the worst-performing sectors were communication (-1.52%), banking (-0.90%), and coal (-0.76%) [2][6]. Stock ETF - The top-traded stock ETFs were Huatai-PineBridge CSI 300 ETF (-0.49%, discount rate -0.56%), E Fund CSI 300 ETF (-0.46%, discount rate -0.59%), and ChinaAMC CSI 300 ETF (-0.49%, discount rate -0.59%) [3][7]. Bond ETF - The top-traded bond ETFs were Haifutong CSI Short-term Financing Bond ETF (0.02%, discount rate 0.00%), ChinaAMC Shanghai Stock Exchange Benchmark Market-making Treasury Bond ETF (0.09%, discount rate 0.13%), and Bosera CSI Convertible and Exchangeable Bond ETF (1.28%, discount rate 1.26%) [4][9]. Gold ETF - Gold AU9999 rose 2.46%, and Shanghai Gold rose 2.55%. The top-traded gold ETFs were HuaAn Gold ETF (2.67%, discount rate 2.57%), E Fund Gold ETF (2.73%, discount rate 2.59%), and Bosera Gold ETF (2.67%, discount rate 2.59%) [12]. Commodity Futures ETF - Dacheng Non-ferrous Metals Futures ETF rose 1.61% with a discount rate of 1.56%, China Construction Bank Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF rose 2.54% with a discount rate of 3.68%, and ChinaAMC Feed Soybean Meal Futures ETF fell 0.30% with a discount rate of 3.57% [13]. Cross-border ETF - The previous trading day, the Dow Jones Industrial Average rose 0.63%, the Nasdaq Composite rose 0.91%, the S&P 500 rose 0.55%, and the German DAX rose 1.20%. On January 23, the Hang Seng Index rose 0.45%, and the Hang Seng China Enterprises Index rose 0.51%. The top-traded cross-border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (-0.58%, discount rate -1.29%), GF CSI Hong Kong Innovative Drug ETF (1.30%, discount rate 0.79%), and Huatai-PineBridge Hang Seng Technology ETF (0.67%, discount rate -0.21%) [16]. Money Market ETF - The top-traded money market ETFs were Silver HuaRui Daily Interest ETF, Huabao Tianyi ETF, and China Construction Bank Money Market ETF [18].

Fund Flow - As of January 16, 2026, bond ETFs experienced a net outflow of 16.512 billion yuan over the past week, with interest rate, credit, and convertible bond ETFs seeing net outflows of 5.307 billion yuan, 14.018 billion yuan, and a net inflow of 2.814 billion yuan respectively [21][24] - Since 2025, cumulative net inflows for interest rate, credit, and convertible bond ETFs have reached 60.615 billion yuan, 487.023 billion yuan, and 25.964 billion yuan respectively, totaling 573.603 billion yuan [21][24] Index Performance - The China Bond New Comprehensive Index rose by 0.18% over the past week, while short-term pure bond and medium-to-long-term pure bond funds increased by 0.02% and 0.05% respectively [19][24] - The CSI AAA Sci-Tech Bond Index and the Shanghai Benchmark Market Company Bond Index both increased by 0.11% [19][24] Net Value Performance - Various types of bond ETFs generally saw an increase in net value, with the 30-year government bond ETF from Bosera rising by 0.37%, and the government bond ETF from Huaxia increasing by 0.31% [23][24] - Convertible bond ETFs and the Shanghai Convertible Bond ETF rose by 1.05% and 0.68% respectively [23][24] Credit Bond ETF and Sci-Tech Bond ETF Performance - As of January 16, 2026, the median unit net value for credit bond ETFs and sci-tech bond ETFs was 1.0128 and 1.0010, with increases of 0.09% and 0.07% respectively [25][32] - The Dachen credit bond ETF performed relatively well, increasing by 0.10% [25][32] Duration Tracking of Credit Bond ETFs - As of January 16, 2026, the holding durations for short-term bond ETFs, corporate bond ETFs, and urban investment bond ETFs were 0.34 years, 1.56 years, and 2.13 years respectively [32][34] - For market-making credit bond ETFs, the median holding durations for products tracking the Shanghai and Shenzhen market-making corporate bonds were 3.58 years and 2.80 years respectively [32][34]

Report Summary 1. Market Overview - On December 23, 2025, the Shanghai Composite Index rose 0.07% to close at 3,919.98, the Shenzhen Component Index rose 0.27% to close at 13,368.99, and the ChiNext Index rose 0.41% to close at 3,205.01. The total trading volume of A-shares in the two markets was 1,921.5 billion yuan. The top-performing sectors were power equipment (1.12%), building materials (0.88%), and electronics (0.58%), while the bottom-performing sectors were social services (-2.07%), beauty and personal care (-1.65%), and commerce and retail (-1.60%) [2][6] 2. Stock ETFs - The top-traded stock ETFs on this day were Huatai-PineBridge CSI A500 ETF, which rose 0.16% with a discount rate of 0.29%; ChinaAMC CSI A500 ETF, which rose 0.09% with a discount rate of 0.13%; and Southern CSI A500 ETF, which rose 0.24% with a discount rate of 0.24% [3][7] 3. Bond ETFs - The top-traded bond ETFs on this day were Haifutong CSI Short-term Commercial Paper ETF, which rose 0.01% with a discount rate of -0.02%; ChinaAMC Shanghai Stock Exchange Benchmark Market-making Treasury Bond ETF, which rose 0.23% with a discount rate of 0.19%; and Fullgoal ChinaBond 7 - 10 Year Policy Financial Bond ETF, which rose 0.16% with a discount rate of 0.06% [4][9] 4. Gold ETFs - Gold AU9999 rose 1.42% and Shanghai Gold rose 1.38%. The top-traded gold ETFs were Huaan Gold ETF, which rose 1.35% with a discount rate of 1.60%; Bosera Gold ETF, which rose 1.43% with a discount rate of 1.59%; and E Fund Gold ETF, which rose 1.46% with a discount rate of 1.61% [12] 5. Commodity Futures ETFs - Dacheng Non-ferrous Metals Futures ETF fell 0.10% with a discount rate of 0.16%; China Construction Bank Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF rose 0.40% with a discount rate of 0.93%; and ChinaAMC Feed Soybean Meal Futures ETF rose 0.21% with a discount rate of 3.11% [13] 6. Cross-border ETFs - The previous trading day, the Dow Jones Industrial Average rose 0.47%, the Nasdaq Composite rose 0.52%, the S&P 500 rose 0.64%, and the German DAX fell 0.02%. On this day, the Hang Seng Index fell 0.11% and the Hang Seng China Enterprises Index fell 0.29%. The top-traded cross-border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF, which rose 0.10% with a discount rate of -0.81%; GF CSI Hong Kong Innovative Drugs ETF, which fell 0.56% with a discount rate of -1.03%; and Huatai-PineBridge CSI KRX China - South Korea Semiconductor ETF, which rose 0.73% with a discount rate of 2.80% [15] 7. Money Market ETFs - The top-traded money market ETFs on this day were Silver Hua Dayli ETF, Huabao Tianyi ETF, and China Construction Bank Tianyi Money Market ETF [17]

Market Overview - On December 10, 2025, the Shanghai Composite Index declined by 0.23% to close at 3900.50 points, the Shenzhen Component Index rose by 0.29% to 13316.42 points, and the ChiNext Index fell by 0.02% to 3209.00 points. The total trading volume of A-shares in the two markets was 1791.8 billion yuan. The top-performing sectors were real estate (2.53%), commerce and retail (1.97%), and social services (1.22%), while the worst-performing sectors were banking (-1.58%), power equipment (-0.87%), and computer (-0.63%) [2][6] Stock ETF - The top-traded stock ETFs on this day were Huatai-PineBridge CSI A500 ETF (up 0.16% with a discount rate of 0.17%), ChinaAMC CSI A500 ETF (down 0.17% with a discount rate of 0.05%), and Southern CSI A500 ETF (down 0.08% with a discount rate of 0.04%) [3][7] Bond ETF - The top-traded bond ETFs were Haifutong CSI Short-term Bond ETF (up 0.00% with a discount rate of -0.00%), ChinaAMC Shanghai Stock Exchange Benchmark Market-making Treasury Bond ETF (up 0.03% with a discount rate of 0.03%), and Southern Shanghai Stock Exchange Benchmark Market-making Corporate Bond ETF (up 0.06% with a discount rate of -0.21%) [4][9] Gold ETF - Gold AU9999 rose by 0.40% and Shanghai Gold rose by 0.46%. The top-traded gold ETFs were Huaan Gold ETF (up 0.54% with a discount rate of 0.46%), E Fund Gold ETF (up 0.48% with a discount rate of 0.42%), and Bosera Gold ETF (up 0.50% with a discount rate of 0.42%) [12] Commodity Futures ETF - Dacheng Nonferrous Metals Futures ETF rose by 0.80% with a discount rate of -0.05%, ChinaAMC Feed Soybean Meal Futures ETF rose by 0.36% with a discount rate of 1.92%, and Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell by 0.42% with a discount rate of -0.88% [13] Cross-border ETF - The previous trading day, the Dow Jones Industrial Average fell by 0.38%, the Nasdaq rose by 0.13%, the S&P 500 fell by 0.09%, and the German DAX rose by 0.49%. On this day, the Hang Seng Index rose by 0.42% and the Hang Seng China Enterprises Index rose by 0.20%. The top-traded cross-border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (down 0.58% with a discount rate of -0.83%), Huatai-PineBridge Hang Seng Tech ETF (unchanged with a discount rate of 0.08%), and ChinaAMC Hang Seng Tech ETF (up 0.13% with a discount rate of 0.32%) [15] Money Market ETF - The top-traded money market ETFs were Silver Hua Dayli ETF, Huabao Tianyi ETF, and Jianxin Tianyi Money Market ETF [17]

Report Industry Investment Rating - Not provided in the content Core Viewpoints - On December 1, 2025, the A-share market showed an upward trend, with the Shanghai Composite Index rising 0.65%, the Shenzhen Component Index rising 1.25%, and the ChiNext Index rising 1.31%. The trading volume of the two markets reached 1889.5 billion yuan. The top-performing industries were non-ferrous metals, communication, and electronics, while the bottom-performing industries were agriculture, forestry, animal husbandry, and fishery, environmental protection, and real estate [2][6]. Summary by Directory Market Overview - The Shanghai Composite Index closed at 3914.01, up 0.65%; the Shenzhen Component Index closed at 13146.72, up 1.25%; the ChiNext Index closed at 3092.50, up 1.31%. The trading volume of the two A-share markets was 1889.5 billion yuan. The top-performing industries were non-ferrous metals (2.85%), communication (2.81%), and electronics (1.58%), while the bottom-performing industries were agriculture, forestry, animal husbandry, and fishery (-0.43%), environmental protection (-0.23%), and real estate (-0.06%) [2][6]. Stock ETF - The top-trading-volume stock ETFs were Huaxia CSI A500 ETF (up 1.23%, discount rate 1.18%), Huatai-PineBridge CSI A500 ETF (up 1.32%, discount rate 1.14%), and Guotai CSI A500 ETF (up 1.13%, discount rate 1.16%) [3][7]. Bond ETF - The top-trading-volume bond ETFs were Haifutong CSI Short-term Financing ETF (up 0.00%, discount rate 0.00%), Huaxia Shanghai Stock Exchange Benchmark Market-making Treasury Bond ETF (up 0.10%, discount rate 0.13%), and Guotai CSI AAA Scientific and Technological Innovation Corporate Bond ETF (up 0.04%, discount rate 0.00%) [4][9]. Gold ETF - Gold AU9999 rose 1.09%, and Shanghai Gold rose 1.02%. The top-trading-volume gold ETFs were Huaan Gold ETF (up 1.04%, discount rate 1.06%), Boshi Gold ETF (up 1.02%, discount rate 1.08%), and E Fund Gold ETF (up 1.03%, discount rate 1.07%) [12]. Commodity Futures ETF - Huaxia Feed Soybean Meal Futures ETF fell 2.52%, with a discount rate of 0.63%; Dacheng Non-ferrous Metals Futures ETF rose 1.48%, with a discount rate of 1.76%; Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF rose 0.65%, with a discount rate of 0.99% [15]. Cross-border ETF - The previous trading day, the Dow Jones Industrial Average rose 0.61%, the Nasdaq Composite rose 0.65%, the S&P 500 rose 0.54%, and the German DAX rose 0.29%. On December 1, the Hang Seng Index rose 0.67%, and the Hang Seng China Enterprises Index rose 0.47%. The top-trading-volume cross-border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (up 0.20%, discount rate -0.07%), Huatai-PineBridge Hang Seng Technology ETF (up 0.54%, discount rate 0.60%), and Huaxia Hang Seng Technology ETF (up 0.53%, discount rate 0.75%) [17]. Money ETF - The top-trading-volume money ETFs were Yin Hua Ri Li ETF, Hua Bao Tian Yi ETF, and Money ETF Jian Xin Tian Yi [19].

Report Summary 1. Market Overview - On November 19, 2025, the Shanghai Composite Index rose 0.18% to 3946.74 points, the Shenzhen Component Index fell 0.00% to 13080.09 points, and the ChiNext Index rose 0.25% to 3076.85 points. The total trading volume of A-shares in the two markets was 1742.8 billion yuan. The top-performing sectors were non-ferrous metals (2.39%), petroleum and petrochemicals (1.67%), and national defense and military industry (1.11%), while the worst-performing sectors were comprehensive (-3.08%), real estate (-2.09%), and media (-1.72%) [2][6]. 2. Stock ETFs - The top trading volume stock ETFs were Huaxia CSI A500 ETF (up 0.17%, premium rate 0.24%), Huatai-PineBridge CSI A500 ETF (up 0.16%, premium rate 0.29%), and Guotai CSI A500 ETF (up 0.17%, premium rate 0.31%) [3][7]. - The table shows detailed information of the top ten trading volume stock ETFs, including code, fund name, price, change rate, tracking index, IOPV, premium rate, trading volume, and latest share [8]. 3. Bond ETFs - The top trading volume bond ETFs were Haifutong CSI Short-term Financing Bond ETF (up 0.01%, premium rate 0.00%), Huaxia Shanghai Stock Exchange Benchmark Market-making Treasury Bond ETF (down 0.06%, premium rate -0.01%), and E Fund CSI AAA Science and Technology Innovation Corporate Bond ETF (up 0.02%, premium rate -0.25%) [4][9]. - The table presents information of the top five trading volume bond ETFs, including code, fund name, price, change rate, premium rate, and trading volume [10]. 4. Gold ETFs - Gold AU9999 rose 2.00% and Shanghai Gold rose 2.02%. The top trading volume gold ETFs were Huaan Gold ETF (up 2.02%, premium rate 2.12%), Bosera Gold ETF (up 2.02%, premium rate 2.13%), and E Fund Gold ETF (up 2.00%, premium rate 2.14%) [12]. - The table provides details of the top five trading volume gold ETFs, including code, fund name, price, change rate, trading volume, IOPV, and premium rate [13]. 5. Commodity Futures ETFs - Huaxia Feed Soybean Meal Futures ETF fell 1.59% with a premium rate of 0.99%, Dacheng Non-ferrous Metals Futures ETF rose 0.73% with a premium rate of 0.42%, and Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF had a change rate of 0.00% with a premium rate of -0.01% [15]. - The table shows information of commodity futures ETFs, including code, fund name, price, change rate, trading volume, IOPV, premium rate, tracking index, and tracking index change rate [16]. 6. Cross-border ETFs - The previous trading day, the Dow Jones Industrial Average fell 1.07%, the Nasdaq Composite fell 1.21%, the S&P 500 fell 0.83%, and the German DAX fell 1.77%. On November 19, the Hang Seng Index fell 0.38% and the Hang Seng China Enterprises Index fell 0.26%. The top trading volume cross-border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (down 0.19%, premium rate -0.11%), GF CSI Hong Kong Innovative Drugs ETF (down 0.52%, premium rate -0.29%), and Huatai-PineBridge Hang Seng Technology ETF (down 0.54%, premium rate -0.44%) [17]. - The table shows details of the top five trading volume cross-border ETFs, including code, fund name, trading volume, change rate, and premium rate [18]. 7. Money Market ETFs - The top trading volume money market ETFs were Yin Hua Day Profit ETF, Hua Bao Tian Yi ETF, and Jian Xin Tian Yi Money Market ETF [19]. - The table presents information of the top three trading volume money market ETFs, including code, fund name, and trading volume [21].

Market Overview - The market experienced fluctuations with the three major indices opening lower and declining throughout the day, with the Shanghai Composite Index and Shenzhen Component Index dropping over 1% [1] - AI application concepts rose against the trend, while semiconductor concepts showed active performance, and certain robotics stocks strengthened [1] ETF Market Activity - On November 18, the non-monetary ETF market saw significant inflows, with E Fund's ChiNext ETF increasing by 366 million shares and a net inflow of 1.12 billion yuan [1] - Other notable inflows included Bosera's convertible bond ETF with an increase of 76 million shares and a net inflow of 1.03 billion yuan, and Huaxia's SSE government bond ETF with an increase of 7 million shares and a net inflow of 804 million yuan [1] Fund Performance - The top-performing ETFs by net inflow for the month included: - Huaan Gold ETF with a net inflow of 5.12 billion yuan [4] - GF's non-bank financial theme ETF with a net inflow of 3.43 billion yuan [4] - Huatai-PineBridge's Hang Seng Technology ETF with a net inflow of 3.38 billion yuan [4] - The overall ETF market as of November 18 had a total of 32,079.33 billion shares and a total scale of 56,955.37 billion yuan [4] Sector and Theme Trends - The real estate sector saw the largest increase in ETF shares, with two funds tracking it [4] - The largest increase in thematic ETFs was in the China Securities Battery theme, with four funds tracking it [4] - The Hang Seng Technology index had the largest number of tracking funds, totaling 13, while the highest return index was the China Securities Semiconductor, which increased by 2.22% [4]

Report Overview - Report date: October 27, 2025 [5] - Analyst: Ma Yaoshi [5] - Qualification certificate: S1330524050001 [5] - Contact email: mayst@hxzb.cn [5] - Contact phone: 15201282186 [5] Market Overview - A-share market: The Shanghai Composite Index rose 0.71% to 3,950.31 points, the Shenzhen Component Index rose 2.02% to 13,289.18 points, and the ChiNext Index rose 3.57% to 3,171.57 points. The total trading volume of A-shares in the two markets was 1.9918 trillion yuan [2][6] - Leading gainers: Communications (4.73%), electronics (4.72%), and national defense and military industry (2.34%) [2][6] - Leading losers: Petroleum and petrochemicals (-1.36%), coal (-1.29%), and food and beverages (-1.18%) [2][6] Stock ETF - Top trading volume: The top three were the Harvest Shanghai - Science and Technology Innovation Board Chip ETF (up 5.40% with a discount rate of 5.47%), the ChinaAMC Shanghai - Science and Technology Innovation Board 50 ETF (up 4.21% with a discount rate of 4.31%), and the ChinaAMC CSI A500 ETF (up 1.38% with a discount rate of 1.49%) [3][7] Bond ETF - Top trading volume: The top three were the Haitong Fortune CSI Short - Term Financing Bond ETF (up 0.01% with a discount rate of 0.01%), the Bosera CSI Convertible and Exchangeable Bond ETF (up 0.43% with a discount rate of 0.54%), and the ChinaAMC Shanghai Benchmark Market - Making Treasury Bond ETF (down 0.02% with a discount rate of - 0.02%) [4][9] Gold ETF - Gold prices: AU9999 fell 0.60%, and Shanghai Gold fell 0.49% [12] - Top trading volume: The top three were the Huaan Gold ETF (down 0.49% with a discount rate of - 0.60%), the E Fund Gold ETF (down 0.50% with a discount rate of - 0.58%), and the Bosera Gold ETF (down 0.51% with a discount rate of - 0.63%) [12][13] Commodity Futures ETF - Performance: The Dacheng Non - Ferrous Metals Futures ETF rose 1.22% with a discount rate of 1.67%, the CCB Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 0.40% with a discount rate of - 0.03%, and the ChinaAMC Feed Soybean Meal Futures ETF fell 0.26% with a discount rate of 4.36% [13][14] Cross - Border ETF - Overseas indices: The Dow Jones Industrial Average rose 0.31%, the Nasdaq Composite rose 0.89%, the S&P 500 rose 0.58%, and the German DAX rose 0.23% the previous day. The Hang Seng Index rose 0.74%, and the Hang Seng China Enterprises Index rose 0.68% today [15] - Top trading volume: The top three were the E Fund CSI Hong Kong Securities Investment Theme ETF (up 1.28% with a discount rate of 1.65%), the Huatai - Peregrine CSI Korea Exchange Sino - Korean Semiconductor ETF (up 4.36% with a discount rate of 4.36%), and the Huatai - Peregrine Hang Seng Technology ETF (up 1.01% with a discount rate of 2.05%) [15][16] Money ETF - Top trading volume: The top three were the Yin Hua Day - to - Day Profit ETF, the Hua Bao Add - Benefit ETF, and the CCB Add - Benefit Money ETF [17][19]

Market Overview - The market experienced a day of fluctuations with all three major indices closing higher. The consumer electronics sector showed active performance, while the chip industry chain continued its strong momentum. In contrast, the film and tourism sectors collectively adjusted downwards [1]. ETF Market Activity - On September 22, the non-monetary ETF market saw significant inflows, with the following notable changes: - Huaxia SSE Benchmark Market-making Government Bond ETF increased by 0.10 billion shares, with a net inflow of 10.60 billion yuan. - Fortune CSI Hong Kong Stock Connect Internet ETF saw an increase of 7.21 billion shares, with a net inflow of 7.54 billion yuan. - Guotai CSI Coal ETF increased by 3.72 billion shares, with a net inflow of 4.06 billion yuan [1][2]. Fund Performance - The following ETFs experienced notable changes in fund shares and net inflows: - Huaxia SSE Consumer Electronics Theme ETF increased by 2.10 billion shares, with a net inflow of 2.43 billion yuan, marking a rise of 4.47%. - The Huaxia SSE Sci-tech Innovation Board 50 ETF saw a decrease of 11.34 billion shares, with a net outflow of 16.55 billion yuan [2][4]. Top ETFs by Net Inflows - As of September 22, the top 20 ETFs by net inflow for the month included: - Fortune CSI Hong Kong Stock Connect Internet ETF with a net inflow of 112.08 billion yuan and a total fund size of 944.80 billion yuan. - Guotai CSI All-Index Securities Company ETF with a net inflow of 107.26 billion yuan and a total fund size of 530.29 billion yuan [4]. Overall Market Statistics - The total ETF shares in the market reached 29,431.79 billion shares, with a total scale of 53,325.26 billion yuan. The energy sector saw the largest increase in shares, while the theme with the largest increase was the CSI Animation and Game Index [4].