ETF 日报 2025.08.27 市场概况： ◼ 今日 A 股上证综指下跌 1.76%，收于 3800.35 点，深证成指下跌 1.43%，收于 12295.07 点，创业板指下跌 0.69%，收于 2723.20 点， 两市 A 股成交金额为 31984 亿元。涨幅靠前的行业有：通信 （1.66%），跌幅靠前的行业有：美容护理（-3.86%）、房地产（- 3.51%）、综合（-3.14%）。 股票 ETF： ◼ 今日成交金额靠前的股票 ETF 为：华夏上证科创板 50ETF 上涨 0.07%，贴水率为 0.07%；易方达创业板 ETF 下跌 0.74%，贴水率为 -0.82%；华泰柏瑞沪深 300ETF 下跌 1.45%，贴水率为-1.53%。 债券 ETF： 2025.08.21 基 金 研 究 · ETF 日 报 · 证 券 研 究 报 告 ◼ 今日成交金额靠前的债券 ETF 为：海富通中证短融 ETF 上涨 0.01%， 贴水率为 0.01%；博时中证可转债及可交换债券 ETF 下跌 2.65%， 贴水率为-2.62%；鹏扬中债-30 年期国债 ETF 上涨 0.19%，贴水率 为 0.07%。 2 ...

ETF 日报 2025.08.25 市场概况： ◼ 今日 A 股上证综指上涨 1.51%，收于 3883.56 点，深证成指上涨 2.26%，收于 12441.07 点，创业板指上涨 3.00%，收于 2762.99 点， 两市 A 股成交金额为 31777 亿元。涨幅靠前的行业有：通信 （4.85%）、有色金属（4.63%）、房地产（3.32%）。 股票 ETF： ◼ 今日成交金额靠前的股票 ETF 为：华夏上证科创板 50ETF 上涨 2.49%，贴水率为 3.39%；易方达创业板 ETF 上涨 2.82%，贴水率为 2.93%；国泰中证全指证券公司 ETF 上涨 1.05%，贴水率为 1.14%。 债券 ETF： ◼ 今日成交金额靠前的债券 ETF 为：海富通中证短融 ETF 上涨 0.01%， 贴水率为 0.00%；博时中证可转债及可交换债券 ETF 上涨 0.27%， 贴水率为 0.66%；鹏扬中债-30 年期国债 ETF 上涨 0.45%，贴水率 为 0.35%。 2025 年 08 月 25 日 ETF 日报 证券研究报告-ETF 日报 分析师：马遥识途 资格证书：S1330524050001 ...

ETF 日报 2025.08.22 市场概况： ◼ 今日 A 股上证综指上涨 1.45%，收于 3825.76 点，深证成指上涨 2.07%，收于 12166.06 点，创业板指上涨 3.36%，收于 2682.55 点， 两市 A 股成交金额为 25793 亿元。涨幅靠前的行业有：电子 （4.82%）、通信（3.77%）、计算机（3.50%），跌幅靠前的行业有： 银行（-0.30%）、纺织服饰（-0.20%）、煤炭（-0.15%）。 股票 ETF： ◼ 今日成交金额靠前的股票 ETF 为：华夏上证科创板 50ETF 上涨 9.52%，贴水率为 9.47%；华泰柏瑞沪深 300ETF 上涨 2.31%，贴水 率为 2.38%；南方中证 500ETF 上涨 1.90%，贴水率为 1.88%。 债券 ETF： ◼ 今日成交金额靠前的债券 ETF 为：海富通中证短融 ETF 下跌 0.00%， 贴水率为-0.00%；鹏扬中债-30 年期国债 ETF 下跌 0.24%，贴水率 为-0.38%；博时中证可转债及可交换债券 ETF 上涨 1.20%，贴水率 为 1.32%。 2025 年 08 月 22 日 ETF 日报 ...

ETF 日报 2025.08.18 市场概况： 今日 A 股上证综指上涨 0.85%，收于 3728.03 点，深证成指上涨 1.73%，收于 11835.57 点，创业板指上涨 2.84%，收于 2606.20 点， 两市 A 股成交金额为 28096 亿元。涨幅靠前的行业有：通信 （4.46%）、综合（3.43%）、计算机（3.33%），跌幅靠前的行业有： 房地产（-0.46%）、石油石化（-0.10%）。 股票 ETF： 今日成交金额靠前的股票 ETF 为：华夏上证科创板 50ETF 上涨 2.16%，贴水率为 2.19%；易方达创业板 ETF 上涨 2.91%，贴水率为 2.84%；华夏中证 A500ETF 上涨 0.86%，贴水率为 1.12%。 债券 ETF： 今日成交金额靠前的债券 ETF 为：海富通中证短融 ETF 下跌 0.03%， 贴水率为-0.02%；鹏扬中债-30 年期国债 ETF 下跌 1.26%，贴水率 为-0.89%；华夏中证 AAA 科技创新公司债 ETF 下跌 0.29%，贴水率 为-0.49%。 2025 年 08 月 18 日 ETF 日报 证券研究报告-ETF 日报 分 ...

Market Overview - The Shanghai Composite Index fell 0.46% to close at 3666.44, the Shenzhen Component Index dropped 0.87% to 11451.43, and the ChiNext Index declined 1.08% to 2469.66. The total trading volume of A-shares in the two markets was 23055 billion yuan. The top-performing sector was non-bank finance with a 0.59% increase, while the bottom-performing sectors were comprehensive (-2.66%), national defense and military industry (-2.15%), and communication (-2.12%) [2][7]. Stock ETF - The top trading volume stock ETFs were Huaxia SSE STAR Market 50 ETF (up 0.79% with a premium rate of 0.77%), Huaxia CSI A500 ETF (down 0.48% with a premium rate of -0.38%), and Huatai-PineBridge CSI A500 ETF (down 0.45% with a premium rate of -0.43%) [3][8]. Bond ETF - The top trading volume bond ETFs were Haifutong CSI Short-term Financing Bond ETF (up 0.01% with a premium rate of 0.00%), Boshi CSI Convertible and Exchangeable Bond ETF (down 0.41% with a premium rate of -0.28%), and Penghang ChinaBond 30-year Treasury Bond ETF (down 0.36% with a premium rate of 0.04%) [4][10]. Gold ETF - Gold AU9999 rose 0.01% and Shanghai Gold increased 0.17%. The top trading volume gold ETFs were Huaan Gold ETF (up 0.12% with a premium rate of 0.01%), Boshi Gold ETF (up 0.12% with a premium rate of 0.01%), and E Fund Gold ETF (up 0.07% with a premium rate of -0.00%) [13]. Commodity Futures ETF - The performance of commodity futures ETFs included Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF (down 1.50% with a premium rate of -1.80%), Huaxia Feed Soybean Meal Futures ETF (down 0.30% with a premium rate of 0.08%), and Dacheng Non-ferrous Metals Futures ETF (down 0.82% with a premium rate of -0.94%) [16]. Cross-border ETF - The previous trading day saw the Dow Jones Industrial Average up 1.04%, the Nasdaq up 0.14%, the S&P 500 up 0.32%, and the German DAX up 0.67%. Today, the Hang Seng Index fell 0.37% and the Hang Seng China Enterprises Index dropped 0.23%. The top trading volume cross-border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (up 0.69% with a premium rate of 1.48%), GF CSI Hong Kong Innovative Drugs ETF (up 0.27% with a premium rate of 1.24%), and Huaxia Hang Seng Tech ETF (down 0.66% with a premium rate of -0.52%) [18]. Money ETF - The top trading volume money ETFs were Yin Hua Ri Li ETF, Hua Bao Tian Yi ETF, and Jian Xin Tian Yi Money ETF [20].

Report Summary 1. Market Overview - The Shanghai Composite Index rose 0.16% to close at 3639.67, the Shenzhen Component Index fell 0.18% to 11157.94, and the ChiNext Index dropped 0.68% to 2342.86. The total trading volume of A-shares in the two markets was 1852.7 billion yuan. The top-performing sectors were non-ferrous metals (1.20%), beauty care (0.99%), and real estate (0.82%), while the worst-performing were pharmaceutical biology (-0.92%), power equipment (-0.74%), and communications (-0.47%) [2][7]. 2. Stock ETFs - The top-traded stock ETFs included Huaxia CSI A500 ETF (down 0.10%, premium rate -0.09%), Southern CSI A500 ETF (unchanged, premium rate -0.03%), and Huaxia Shanghai Science and Technology Innovation Board 50 ETF (down 0.09%, premium rate -0.20%) [3][8]. 3. Bond ETFs - The top-traded bond ETFs were Haifutong CSI Short-term Financing Bond ETF (up 0.01%, premium rate 0.01%), Penghua Shanghai Stock Exchange AAA Sci-tech Innovation Bond ETF (up 0.06%, premium rate -0.02%), and Boshi CSI Convertible and Exchangeable Bond ETF (down 0.06%, premium rate 0.02%) [4][10]. 4. Gold ETFs - Gold AU9999 rose 0.38% and Shanghai Gold rose 0.17%. The top-traded gold ETFs were Huaan Gold ETF (up 0.21%, premium rate 0.27%), E Fund Gold ETF (up 0.22%, premium rate 0.25%), and Boshi Gold ETF (up 0.25%, premium rate 0.30%) [13]. 5. Commodity Futures ETFs - Huaxia Feed Bean Meal Futures ETF rose 0.25% with a premium rate of 0.19%, Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 0.45% with a premium rate of -0.04%, and Dacheng Non-ferrous Metals Futures ETF rose 0.30% with a premium rate of 0.43% [14][15]. 6. Cross-border ETFs - The previous trading day, the Dow Jones Industrial Average rose 0.18%, the Nasdaq rose 1.21%, the S&P 500 rose 0.73%, and the German DAX rose 0.33%. Today, the Hang Seng Index rose 0.69% and the Hang Seng China Enterprises Index rose 0.55%. The top-traded cross-border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (up 0.67%, premium rate 1.26%), GF CSI Hong Kong Innovative Drug ETF (down 3.05%, premium rate -2.68%), and Huaxia Hang Seng Technology ETF (up 0.13%, premium rate 0.78%) [16][17]. 7. Money Market ETFs - The top-traded money market ETFs were Yin Hua Ri Li ETF, Hua Bao Tian Yi ETF, and Jian Xin Tian Yi Money Market ETF [18][20].

Report Summary 1. Market Overview - On July 31, 2025, the Shanghai Composite Index fell 1.18% to 3573.21 points, the Shenzhen Component Index dropped 1.73% to 11009.77 points, and the ChiNext Index declined 1.66% to 2328.31 points. The total trading volume of A-shares in the two markets was 1962.1 billion yuan. The sectors with the highest gains were computer (0.39%) and communication (0.06%), while the sectors with the largest losses were steel (-4.08%), non-ferrous metals (-3.19%), and real estate (-3.14%) [2][6]. 2. Stock ETFs - The top-traded stock ETFs on this day were: Huaxia SSE STAR Market 50 ETF, which fell 0.99% with a premium rate of -1.12%; Huatai-PineBridge CSI 300 ETF, down 1.82% with a premium rate of -1.78%; and E Fund ChiNext ETF, dropping 1.88% with a premium rate of -1.87% [3][7]. 3. Bond ETFs - The leading bond ETFs in terms of trading volume were: Haifutong CSI Short-term Commercial Paper ETF, up 0.02% with a premium rate of 0.01%; Pengyang CCDC 30-year Treasury Bond ETF, rising 0.59% with a premium rate of 0.44%; and Bosera CSI Convertible and Exchangeable Bond ETF, falling 0.58% with a premium rate of -0.53% [4][9]. 4. Gold ETFs - Gold AU9999 dropped 0.30% and Shanghai Gold fell 0.40%. The top-traded gold ETFs were: Huaan Gold ETF, down 0.37% with a premium rate of -0.33%; Bosera Gold ETF, also down 0.37% with a premium rate of -0.33%; and E Fund Gold ETF, falling 0.36% with a premium rate of -0.32% [12]. 5. Commodity Futures ETFs - Huaxia Feedstuff Soybean Meal Futures ETF declined 0.46% with a premium rate of 0.03%; Dacheng Non-ferrous Metals Futures ETF dropped 1.00% with a premium rate of -1.16%; and Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 1.38% with a premium rate of -2.05% [13][14]. 6. Cross-border ETFs - The previous trading day, the Dow Jones Industrial Average fell 0.38%, the Nasdaq Composite rose 0.15%, the S&P 500 dropped 0.12%, and the German DAX rose 0.19%. On this day, the Hang Seng Index fell 1.60% and the Hang Seng China Enterprises Index dropped 1.72%. The top-traded cross-border ETFs were: E Fund CSI Hong Kong Securities Investment Theme ETF, down 2.80% with a premium rate of -3.19%; GF CSI Hong Kong Innovative Drugs ETF, with a change of 0.00% and a premium rate of -1.06%; and Huaxia Hang Seng Technology ETF, falling 0.54% with a premium rate of 0.24% [15]. 7. Money Market ETFs - The top-traded money market ETFs were: Yin Hua Day Profit ETF, Hua Bao Add Benefit ETF, and Jian Xin Add Benefit Money Market ETF [17].

Report Summary 1. Market Overview - A-share market showed mixed performance on July 30, 2025, with the Shanghai Composite Index up 0.17% to 3615.72, the Shenzhen Component Index down 0.77% to 11203.03, and the ChiNext Index down 1.62% to 2367.68. The total trading volume of A-shares reached 1.8713 trillion yuan. The top-performing sectors were steel (2.05%), petroleum and petrochemical (1.84%), and media (0.99%), while the worst-performing sectors were power equipment (-2.22%), computer (-1.59%), and automobile (-1.27%) [2][6]. 2. Stock ETFs - The most actively traded stock ETFs on July 30, 2025, included the Southern China Securities A500 ETF (down 0.37% with a discount rate of -0.27%), the Huaxia Shanghai Science and Technology Innovation Board 50 ETF (down 1.16% with a discount rate of -1.23%), and the E Fund ChiNext ETF (down 1.59% with a discount rate of -1.61%) [3][7]. 3. Bond ETFs - The most actively traded bond ETFs on July 30, 2025, included the Haifutong China Securities Short-term Financing Bond ETF (up 0.01% with a discount rate of -0.01%), the Penghang China Bond - 30-year Treasury Bond ETF (up 0.31% with a discount rate of 0.70%), and the Bosera China Securities Convertible Bond and Exchangeable Bond ETF (down 0.23% with a discount rate of -0.00%) [4][9]. 4. Gold ETFs - Gold prices rose on July 30, 2025, with AU9999 up 0.26% and Shanghai Gold up 0.25%. The most actively traded gold ETFs included the Bosera Gold ETF (up 0.18% with a discount rate of 0.29%), the Huaan Gold ETF (up 0.19% with a discount rate of 0.29%), and the E Fund Gold ETF (up 0.30% with a discount rate of 0.29%) [12]. 5. Commodity Futures ETFs - The most actively traded commodity futures ETFs on July 30, 2025, included the Huaxia Feed Soybean Meal Futures ETF (up 0.98% with a discount rate of 1.41%), the Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF (down 0.07% with a discount rate of 0.22%), and the Dacheng Non-ferrous Metals Futures ETF (up 0.12% with a discount rate of -0.06%) [13]. 6. Cross - Border ETFs - The previous trading day saw the Dow Jones Industrial Average down 0.46%, the Nasdaq down 0.38%, and the S&P 500 down 0.30%, while the German DAX rose 1.03%. On July 30, 2025, the Hang Seng Index fell 1.36% and the Hang Seng China Enterprises Index fell 1.18%. The most actively traded cross - border ETFs included the E Fund China Securities Hong Kong Securities Investment Theme ETF (down 2.68% with a discount rate of -2.07%), the GF China Securities Hong Kong Innovative Drug ETF (down 3.16% with a discount rate of -3.11%), and the Huaxia Hang Seng Technology ETF (down 2.10% with a discount rate of -2.00%) [16]. 7. Money Market ETFs - The most actively traded money market ETFs on July 30, 2025, were the Yin Hua Day - to - Day Interest ETF, the Hua Bao Add - Benefit ETF, and the Jian Xin Add - Benefit Money Market ETF [18].

Market Overview - The Shanghai Composite Index rose 0.33% to close at 3609.71 points, the Shenzhen Component Index rose 0.64% to close at 11289.41 points, and the ChiNext Index rose 1.86% to close at 2406.59 points. The total trading volume of A-shares in the two markets was 1829.6 billion yuan [2][6]. - The top-performing sectors were communications (3.29%), steel (2.59%), and pharmaceutical biology (2.06%), while the bottom-performing sectors were agriculture, forestry, animal husbandry and fishery (-1.36%), banking (-1.19%), and beauty care (-0.71%) [2][6]. Stock ETF - The top-trading-volume stock ETFs were Huaxia Shanghai Science and Technology Innovation Board 50 ETF (up 1.35% with a discount rate of 1.37%), Huaxia CSI A500 ETF (up 0.59% with a discount rate of 0.60%), and Southern CSI A500 ETF (up 0.56% with a discount rate of 0.62%) [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, discount rate, trading volume, and latest share reference [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 -0.02%), Huaxia CSI AAA Science and Technology Innovation Corporate Bond ETF (down 0.14% with a discount rate of -0.31%), and Fuguo China Bond 7 - 10 Year Policy Financial Bond ETF (down 0.25% with a discount rate of -0.28%) [4][9]. - The table presents information of the top five trading-volume bond ETFs, including code, fund name, price, change rate, discount rate, and trading volume [10]. Gold ETF - Gold AU9999 fell 0.53% and Shanghai Gold fell 0.44%. The top-trading-volume gold ETFs were Bosera Gold ETF (down 0.34% with a discount rate of -0.42%), Huaan Gold ETF (down 0.34% with a discount rate of -0.43%), and E Fund Gold ETF (down 0.48% with a discount rate of -0.55%) [12]. - The table provides details of several gold ETFs, including code, fund name, price, change rate, trading volume, IOPV, and discount rate [13]. Commodity Futures ETF - Huaxia Feed Soybean Meal Futures ETF fell 0.21% with a discount rate of -0.48%, Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF rose 0.36% with a discount rate of -1.15%, and Dacheng Non-ferrous Metals Futures ETF fell 0.23% with a discount rate of -0.36% [13]. - The table shows information of commodity futures ETFs, including code, fund name, price, change rate, trading volume, IOPV, discount rate, tracking index, and tracking index change rate [14]. Cross - border ETF - The previous trading day, the Dow Jones Industrial Average fell 0.14%, the Nasdaq rose 0.33%, the S&P 500 rose 0.02%, and the German DAX fell 1.02%. Today, the Hang Seng Index fell 0.15% and the Hang Seng China Enterprises Index fell 0.34%. - The top-trading-volume cross - border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (up 0.69% with a discount rate of 1.11%), GF CSI Hong Kong Innovative Drug ETF (up 4.42% with a discount rate of 4.63%), and HTF Guozheng Hong Kong Stock Connect Innovative Drug ETF (up 4.02% with a discount rate of 4.39%) [15]. - The table shows the top five trading-volume cross - border ETFs, including code, fund name, trading volume, change rate, and discount rate [16]. 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 [17]. - The table presents the top three trading-volume money ETFs, including code, fund name, and trading volume [19].

Report Summary 1. Market Overview - The Shanghai Composite Index rose 0.01% to close at 3582.30 points, the Shenzhen Component Index fell 0.37% to close at 11059.04 points, and the ChiNext Index fell 0.01% to close at 2310.67 points. The total trading volume of A-shares in the two markets was 1898.7 billion yuan. The top-performing sectors were non-bank finance (1.29%), beauty care (0.59%), and household appliances (0.58%), while the worst-performing sectors were building materials (-2.27%), national defense and military industry (-1.60%), and machinery and equipment (-1.29%) [2][6]. 2. Stock ETFs - The top trading volume stock ETFs were Huaxia SSE STAR 50 ETF (up 0.47%, premium rate 0.46%), Huatai-PineBridge CSI 300 ETF (down 0.05%, premium rate 0.15%), and Cathay CSI All-Securities Company ETF (up 0.84%, premium rate 0.89%) [3][7]. 3. Bond ETFs - The top trading volume bond ETFs were Fullgoal CSI AAA Science and Technology Innovation Corporate Bond ETF (down 0.10%, premium rate -0.11%), Haitong CSI Short-Term Financing Bond ETF (up 0.00%, premium rate -0.02%), and Penghua CCDC 30-Year Treasury Bond ETF (down 0.18%, premium rate 0.08%) [4][9]. 4. Gold ETFs - Gold AU9999 rose 1.04% and Shanghai Gold rose 0.98%. The top trading volume gold ETFs were HuaAn Gold ETF (up 0.99%, premium rate 0.94%), E Fund Gold ETF (up 0.97%, premium rate 0.89%), and Bosera Gold ETF (up 0.98%, premium rate 0.94%) [12]. 5. Commodity Futures ETFs - The top trading volume commodity futures ETFs were Huaxia Feed Soybean Meal Futures ETF (up 0.35%, premium rate 0.41%), CCB E Fund YiSheng Energy and Chemical Futures ETF (down 1.08%, premium rate -0.18%), and Dacheng Nonferrous Metals Futures ETF (down 0.35%, premium rate -0.23%) [13][14]. 6. Cross-Border ETFs - The previous trading day, the Dow Jones Industrial Average rose 0.40%, the Nasdaq fell 0.39%, the S&P 500 rose 0.06%, and the German DAX fell 1.09%. Today, the Hang Seng Index rose 1.62% and the Hang Seng China Enterprises Index rose 1.82%. The top trading volume cross-border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (up 2.89%, premium rate 2.40%), GF CSI Hong Kong Innovative Drugs ETF (down 0.07%, premium rate 0.07%), and Huaxia Hang Seng Internet Technology Industry ETF (up 3.86%, premium rate 3.42%) [15]. 7. Money Market ETFs - The top trading volume money market ETFs were Silver HuaRiLi ETF, HuaBaoTianYi ETF, and CCB TianYi Money Market ETF [17][19].