Core Insights - The article provides a ranking of open-end funds based on their net asset value growth, highlighting the top-performing and bottom-performing funds as of November 3, 2025 [2][4][7]. Fund Performance Summary - The top 10 funds with the highest net value growth include: 1. Tongtai Huili Mixed A (008180) with a unit net value of 1.3716 and a cumulative net value of 1.5446, showing an increase from 1.3157 [2]. 2. Tongtai Huili Mixed C (008181) with a unit net value of 1.3399 and a cumulative net value of 1.5129, up from 1.2854 [2]. 3. GF Zhongzheng Photovoltaic Leading 30 ETF (560980) with a unit net value of 0.7313, unchanged from the previous period [2]. 4. Guotai Zhongzheng Film and Television Theme ETF (516620) with a unit net value of 1.1382, unchanged [2]. 5. Yinhua Zhongzheng Film and Television Theme ETF (159855) with a unit net value of 1.0184, unchanged [2]. 6. Huaxia Zhongzheng Animation and Game ETF (159869) with a unit net value of 1.4789, unchanged [2]. 7. Guotai Zhongzheng Animation and Game ETF (516010) with a unit net value of 1.4673, unchanged [2]. 8. Huatai Baichuan Zhongzheng Animation and Game ETF (516770) with a unit net value of 1.5304, unchanged [2]. 9. Founder Fubon Core Advantage Mixed A (018815) with a unit net value of 1.1638, unchanged [2]. 10. Founder Fubon Core Advantage Mixed C (018816) with a unit net value of 1.1498, unchanged [2]. - The bottom 10 funds with the lowest net value growth include: 1. Taixin Bond Enhanced Income D (022516) with a unit net value of 1.1137, down from 1.1594 [4]. 2. AVIC New Start Flexible Allocation Mixed A (005537) with a unit net value of 0.8543, down from 0.8809 [4]. 3. AVIC New Start Flexible Allocation Mixed C (005538) with a unit net value of 0.8379, down from 0.8639 [4]. 4. Qianhai Kaiyuan Shanghai-Hong Kong-Shenzhen Core Resource Mixed A (003304) with a unit net value of 4.6310, down from 4.7590 [4]. 5. Qianhai Kaiyuan Shanghai-Hong Kong-Shenzhen Core Resource Mixed C (003305) with a unit net value of 4.5850, down from 4.7110 [4]. 6. Tongtai Huiying Mixed C (008179) with a unit net value of 1.1344, down from 1.1620 [4]. 7. Tongtai Huiying Mixed A (008178) with a unit net value of 1.1619, down from 1.1901 [4]. 8. AVIC Mixed Reform Selected A (004936) with a unit net value of 0.9107, down from 0.9324 [4]. 9. AVIC Mixed Reform Selected C (004937) with a unit net value of 0.8895, down from 0.9106 [4]. 10. Hui'an Quantitative Pioneer Mixed C (007776) with a unit net value of 1.2861, down from 1.3141 [4]. Market Overview - The Shanghai Composite Index showed a slight recovery with a trading volume of 2.13 trillion, indicating a positive market sentiment with 3,535 stocks rising against 1,801 falling [7]. - Leading sectors included oil, media and entertainment, internet, and coal, all showing gains of over 2% [7]. - Notable concepts with significant growth included disperse dyes, solar thermal power, and Hainan free trade, each rising over 3% [7].

Market Overview - The Shanghai Composite Index fell by 0.26% to 3860.5 points, with a high of 3879.74 points during the day [1] - The Shenzhen Component Index rose by 0.63% to 13005.77 points, reaching a peak of 13098.78 points [1] - The ChiNext Index increased by 1.51% to 3066.18 points, with a maximum of 3106.88 points [1] ETF Market Performance - The median return of stock ETFs was 0.0% yesterday, with the highest return from the Jiashi ChiNext 50 ETF at 1.99% [2] - The highest performing thematic ETF was the Huaxia CSI Animation Game ETF, which gained 4.38% [4][5] ETF Fund Flow - The top three ETFs with the highest inflow were: - Guotai CSI All-Share Securities Company ETF with an inflow of 422 million yuan [6] - E Fund National Robot Industry ETF with an inflow of 411 million yuan [6] - GF ChiNext ETF with an inflow of 360 million yuan [6] - The top three ETFs with the highest outflow were: - E Fund ChiNext ETF with an outflow of 933 million yuan [6] - Huatai-PB CSI 300 ETF with an outflow of 906 million yuan [6] - Southern CSI 1000 ETF with an outflow of 744 million yuan [6] ETF Margin Trading Overview - The highest margin buy amounts were for: - Huaxia SSE Sci-Tech 50 ETF at 925 million yuan [8] - E Fund ChiNext ETF at 432 million yuan [8] - Guotai CSI All-Share Securities Company ETF at 367 million yuan [8] - The highest margin sell amounts were for: - Southern CSI 500 ETF at 71.31 million yuan [8] - Huatai-PB CSI 300 ETF at 33.02 million yuan [8] - Huaxia SSE 50 ETF at 6.03 million yuan [8] Industry Insights - Open Source Securities suggests that the gaming sector continues to show valuation advantages and recommends increasing exposure [9] - Guotai Securities highlights the rapid revenue growth in the gaming market from January to July, with a focus on new product cycles and regulatory opportunities [10][11]

Market Overview - The Shanghai Composite Index rose by 1.4% to close at 3472.32 points, with a weekly high of 3497.22 points [1] - The Shenzhen Component Index increased by 1.25% to 10508.76 points, reaching a high of 10610.5 points [1] - The ChiNext Index saw a 1.5% rise, closing at 2156.23 points, with a peak of 2187.88 points [1] - In the global market, the Nasdaq Composite rose by 1.62%, the Dow Jones Industrial Average increased by 2.3%, and the S&P 500 gained 1.72% [1] - In the Asia-Pacific region, the Hang Seng Index fell by 1.52%, and the Nikkei 225 decreased by 0.85% [1] ETF Market Performance - The median weekly return for stock ETFs was 1.29% [2] - The highest weekly return among scale index ETFs was 2.55% for E Fund's SSE 50 Enhanced Strategy ETF [2] - The highest weekly return in industry index ETFs was 5.41% for China Tai's CSI Steel ETF [2] - The highest return in strategy index ETFs was 3.02% for China Merchants' CSI All Share Dividend Quality ETF [2] - The highest return in style index ETFs was 3.15% for Harvest's CSI Pharmaceutical Health 100 Strategy ETF [2] - The highest return in thematic index ETFs was 6.98% for China Tai's CSI Animation Game ETF [2] ETF Liquidity - Average daily trading volume for stock ETFs decreased by 15.3%, and average daily trading amount fell by 5.2% [6] ETF Fund Flow - The top five stock ETFs with the highest inflow were: - Huabao CSI Financial Technology Theme ETF (inflow of 294 million yuan) - Fuguo CSI Military Industry Leaders ETF (inflow of 294 million yuan) - GF National New Energy Vehicle Battery ETF (inflow of 289 million yuan) - Penghua CSI National Defense ETF (inflow of 275 million yuan) - Huatai-PB CSI Photovoltaic Industry ETF (inflow of 230 million yuan) [8] - The top five stock ETFs with the highest outflow were: - Harvest CSI A500 ETF (outflow of 377 million yuan) - Huatai SSE Dividend ETF (outflow of 348 million yuan) - Harvest CSI 500 ETF (outflow of 327 million yuan) - E Fund ChiNext ETF (outflow of 326 million yuan) - Fuguo CSI A500 ETF (outflow of 277 million yuan) [9] ETF Financing and Margin Trading - The financing balance for stock ETFs decreased from 41.0791 billion yuan to 40.7182 billion yuan [10] - The highest financing buy amount was 637 million yuan for Huaxia SSE Sci-Tech 50 ETF [10] ETF Market Size - The total size of the ETF market reached 4313.806 billion yuan, an increase of 39.137 billion yuan from the previous week [13] - The stock ETF market accounted for 70.1% of the total ETF market size [15] Industry Insights - Heng Tai Securities noted that the gaming industry is experiencing growth with strong performance from new products, and many companies are still valued between 10-20 times earnings [16] - The industry is expected to enter an accelerated growth phase, driven by emotional consumption needs among young users, with an anticipated increase in the issuance of game licenses in 2024 and 2025 [16]

Market Overview - The Shanghai Composite Index rose by 0.59% to close at 3444.43 points, with a daily high of 3447.46 points [1] - The Shenzhen Component Index increased by 0.83% to close at 10465.12 points, reaching a high of 10470.24 points [1] - The ChiNext Index saw a rise of 1.35%, closing at 2153.01 points, with a peak of 2154.0 points [1] ETF Market Performance - The median return for stock ETFs was 0.82%, with the highest return from the Southern Deep Shenzhen Main Board 50 ETF at 3.39% [2] - The highest performing industry index ETF was the China Securities Satellite Industry ETF, yielding 3.67% [2] - The top thematic index ETF was the China Securities Animation Game ETF, which achieved a return of 5.99% [2] ETF Performance Rankings - The top three ETFs by return were: Huatai-PB China Securities Animation Game ETF (5.99%), Huaxia China Securities Animation Game ETF (5.95%), and Guotai China Securities Animation Game ETF (5.82%) [6] - The three ETFs with the largest declines were: China Securities Bank AH Price Preferred ETF (-1.24%), Penghua China Securities Bank ETF (-0.63%), and Tianhong China Securities Bank ETF (-0.59%) [8] ETF Fund Flows - The top three ETFs by fund inflow were: Huatai-PB China Securities A500 ETF (inflow of 2.241 billion), Southern China Securities A500 ETF (inflow of 1.650 billion), and Harvest China Securities A500 ETF (inflow of 1.055 billion) [9] - The ETFs with the largest outflows were: Huaxia Shanghai 50 ETF (outflow of 1.477 billion), E Fund CSI 300 ETF (outflow of 961 million), and Southern CSI 1000 ETF (outflow of 924 million) [11] ETF Margin Trading Overview - The top three ETFs by margin buying were: Huaxia Shanghai Sci-Tech Innovation Board 50 ETF (558 million), Guotai China Securities All Index ETF (301 million), and E Fund ChiNext ETF (223 million) [12] - The highest margin selling amounts were for: Southern CSI 500 ETF (105 million), Southern CSI 1000 ETF (79.72 million), and Huaxia CSI 1000 ETF (21.96 million) [14] Institutional Insights - Shenwan Hongyuan highlights the gaming sector's potential for performance growth, with a record number of game approvals in June, indicating a supportive regulatory environment [15] - Huaxi Securities notes that the approval of 158 games in June reflects a stable regulatory approach, enhancing predictability for domestic developers and promoting high-quality development in the industry [15]

Core Viewpoint - The China Securities Animation and Game Index has shown a recent upward trend, indicating a positive performance in the animation and gaming sector despite some fluctuations over the past months [2]. Group 1: Index Performance - The China Securities Animation and Game Index increased by 0.37% to 1741.71 points with a trading volume of 12.752 billion yuan [1]. - Over the past month, the index has risen by 6.34%, while it has decreased by 2.44% over the last three months. Year-to-date, the index has increased by 16.76% [2]. Group 2: Index Composition - The index comprises companies primarily engaged in animation, comics, and gaming, reflecting the overall performance of the listed companies in the animation and gaming industry [2]. - The top ten weighted companies in the index include: Giant Network (10.64%), Kaiying Network (10.51%), Light Media (10.3%), 37 Interactive Entertainment (9.45%), Shenzhou Taiyue (7.73%), Perfect World (7.39%), ZQ Technology (5.59%), G-bits (4.42%), Youzu Interactive (4.03%), and Zhejiang Shuju Culture (3.55%) [2]. Group 3: Industry Breakdown - The index's holdings are predominantly in the communication services sector, accounting for 91.74%, followed by information technology at 4.49% and consumer discretionary at 3.77% [2]. Group 4: Index Adjustment and Fund Tracking - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3]. - Public funds tracking the animation and gaming index include various ETFs from Guotai, Huaxia, and Haitai Baipin [3].

Market Overview - The Shanghai Composite Index rose by 0.35% to close at 3388.73 points, with a daily high of 3389.76 points [1] - The Shenzhen Component Index increased by 0.41% to close at 10163.55 points, reaching a high of 10173.06 points [1] - The ChiNext Index saw a rise of 0.66%, closing at 2057.32 points, with a peak of 2062.42 points [1] ETF Market Performance - The median return for stock ETFs was 0.24%, with the highest return from the Yinhua ChiNext Mid-Cap 200 ETF at 1.62% [2] - The highest performing industry ETF was the China Securities Software Development ETF, which achieved a return of 2.68% [2] - The China Securities Animation and Game ETF led the thematic ETFs with a return of 5.24% [2] ETF Gain and Loss Rankings - The top three ETFs by gain were: - Guotai CSI Animation and Game ETF (5.24%) - Huatai-PB CSI Animation and Game ETF (5.04%) - Bosera CSI Financial Technology Theme ETF (4.94%) [4][5] - The top three ETFs by loss were: - Huitianfu CSI All-Index Medical Device ETF (-2.76%) - Huashan CSI Hong Kong and Shanghai Gold Industry ETF (-2.35%) - Ping An CSI Hong Kong and Shanghai Gold Industry ETF (-2.32%) [4][5] ETF Fund Flows - The top three ETFs by fund inflow were: - Huatai-PB CSI 300 ETF (inflow of 1.692 billion yuan) - Huaxia SSE 50 ETF (inflow of 868 million yuan) - Southern CSI 500 ETF (inflow of 577 million yuan) [6][7] - The top three ETFs by fund outflow were: - Industrial Bank of China CSI Dividend ETF (outflow of 229 million yuan) - Huashan ChiNext 50 ETF (outflow of 183 million yuan) - E Fund ChiNext ETF (outflow of 144 million yuan) [6][7] ETF Margin Trading Overview - The top three ETFs by margin buying were: - Huaxia SSE Sci-Tech 50 ETF (355 million yuan) - Huaxia SSE 50 ETF (228 million yuan) - Huatai-PB CSI 300 ETF (204 million yuan) [8][9] - The top three ETFs by margin selling were: - Southern CSI 1000 ETF (65.29 million yuan) - Huatai-PB CSI 300 ETF (22.07 million yuan) - Southern CSI 500 ETF (6.42 million yuan) [8][9] Industry Insights - Open Source Securities recommends increasing allocation in the gaming sector due to new measures from the Zhejiang Provincial Department of Commerce aimed at supporting the internationalization of the gaming industry [10] - Wanlian Securities notes that the Chinese gaming market showed stable growth in April, driven by long-term products and new releases, indicating robust growth potential [11]

Market Overview - The Shanghai Composite Index fell by 0.05% to close at 3346.84 points, with a daily high of 3362.31 points [1] - The Shenzhen Component Index decreased by 0.41% to 10091.16 points, reaching a high of 10142.94 points [1] - The ChiNext Index dropped by 0.8% to 2005.26 points, with a peak of 2023.49 points [1] ETF Market Performance - The median return of stock ETFs was -0.26% [2] - The highest performing scale index ETF was the China Fortune CSI 2000 Enhanced Strategy ETF, with a return of 1.68% [2] - The highest performing industry index ETF was the GF National Certificate Information Technology Innovation Theme ETF, returning 1.7% [2] - The top three ETFs by return were: - Guotai CSI Animation Game ETF (2.96%) - Huaxia CSI Animation Game ETF (2.94%) - Huatai Baichuan CSI Animation Game ETF (2.93%) [5] ETF Fund Flows - The top three ETFs by fund inflow were: - Huatai Baichuan CSI 300 ETF (inflow of 1.618 billion) - Huaxia SSE 50 ETF (inflow of 678 million) - E Fund ChiNext ETF (inflow of 593 million) [8] - The top three ETFs by fund outflow were: - Guolian An CSI All-Index Semiconductor Products and Equipment ETF (outflow of 182 million) - Huitianfu CSI Major Consumption ETF (outflow of 137 million) - E Fund CSI Artificial Intelligence Theme ETF (outflow of 136 million) [10] ETF Margin Trading Overview - The top three ETFs by margin buying were: - Huaxia SSE Sci-Tech 50 Component ETF (285 million) - Huatai Baichuan CSI 300 ETF (228 million) - E Fund ChiNext ETF (225 million) [11] - The top three ETFs by margin selling were: - Huatai Baichuan CSI 300 ETF (14.4462 million) - Southern CSI 500 ETF (7.0082 million) - Guolian An CSI All-Index Semiconductor Products and Equipment ETF (3.5301 million) [13] Industry Insights - Wanlian Securities noted that the issuance of game licenses remained high in May 2025, indicating a steady recovery in the gaming industry, with a focus on major manufacturers and innovative projects [14] - AVIC Securities highlighted that the gaming industry is entering a new development phase characterized by content refinement, AI industrialization, and globalization, with current valuations still offering value [14]

Market Overview - The Shanghai Composite Index fell by 0.22% to close at 3380.19 points, with a high of 3390.59 points during the day [1] - The Shenzhen Component Index decreased by 0.72% to 10219.62 points, reaching a peak of 10283.29 points [1] - The ChiNext Index dropped by 0.96% to 2045.57 points, with a maximum of 2065.41 points [1] ETF Market Performance - The median return of stock ETFs was -0.52% [2] - The highest performing scale index ETF was the Huaxia ChiNext Composite ETF with a return of 0.46% [2] - The highest performing industry index ETF was the China Securities Bank ETF with a return of 1.02% [2] - The highest performing strategy index ETF was the Jiashu CSI 300 Dividend Low Volatility ETF with a return of 0.57% [2] - The highest performing theme index ETF was the Huaxia Taibai CSI Animation Game ETF with a return of 2.21% [2] ETF Performance Rankings - The top three ETFs by return were: - Huatai Bairui CSI Animation Game ETF (2.21%) - Huaxia CSI Animation Game ETF (2.01%) - Guotai CSI Animation Game ETF (1.84%) [5] - The top three ETFs by decline were: - China Merchants CSI Battery Theme ETF (-2.24%) - Penghua SSE Sci-Tech Innovation Board New Energy ETF (-2.21%) - ICBC Credit Suisse National 2000 ETF (-1.95%) [6] ETF Fund Flows - The top three ETFs by fund inflow were: - Fuguo CSI Military Leading ETF (¥199 million) - Huabao CSI Bank ETF (¥154 million) - Guolian An CSI All-Index Semiconductor Products and Equipment ETF (¥143 million) [8] - The top three ETFs by fund outflow were: - Yinhua CSI Innovative Drug Industry ETF (¥219 million) - E Fund SSE 300 Medical and Health ETF (¥183 million) - Huaxia CSI 1000 ETF (¥149 million) [10] ETF Margin Trading Overview - The top three ETFs by margin buying were: - Huaxia SSE Sci-Tech Innovation Board 50 Component ETF (¥414 million) - Guolian An CSI All-Index Semiconductor Products and Equipment ETF (¥168 million) - Huabao CSI Medical ETF (¥161 million) [11] - The top three ETFs by margin selling were: - Southern CSI 1000 ETF (¥16.42 million) - Southern CSI 500 ETF (¥14.58 million) - Huatai Bairui SSE 300 ETF (¥12.55 million) [13] Institutional Insights - According to招商证券, Tencent's first-quarter report showed a strong growth of over 20% in its gaming business, indicating a positive outlook for the gaming sector [14] - 兴业证券 highlighted that the media and gaming industries are entering a year of explosive AI application, with domestic models closing the gap with top overseas models [14]