统计显示，中证科创创业50指数ETF今日合计成交额16.33亿元，环比上一交易日增加6.16亿元，环比增 幅为60.53%。 中证科创创业50指数ETF12月8日成交额变动 | 基金代 | 基金简称 | 今日涨跌 | 今日成交额 | 较上一交易日增加 | 环比增幅 | | --- | --- | --- | --- | --- | --- | | 码 | | 幅 | | | | | 159781 | 易方达中证科创创业50ETF | 3.25% | 4.65亿元 | 1.67亿元 | 56.20% | | 588380 | 富国中证科创创业50ETF | 3.62% | 2.48亿元 | 1.52亿元 | 156.97% | | 159780 | 南方中证科创创业50ETF | 3.47% | 2.36亿元 | 1.01亿元 | 74.61% | | 588300 | 招商中证科创创业50ETF | 3.26% | 1.15亿元 | 6384.77万元 | 124.95% | | 159783 | 华夏中证科创创业50ETF | 3.12% | 2.59亿元 | 6220.55万元 | 31.65% | | ...

Core Insights - The total trading volume of the CSI Innovation and Entrepreneurship 50 Index ETF reached 1.602 billion yuan today, an increase of 837 million yuan from the previous trading day, representing a growth rate of 109.47% [1] Trading Volume Summary - E Fund CSI Innovation and Entrepreneurship 50 ETF (159781) had a trading volume of 649 million yuan today, up 415 million yuan from the previous day, with a growth rate of 177.06% [1] - Huaxia CSI Innovation and Entrepreneurship 50 ETF (159783) recorded a trading volume of 169 million yuan, an increase of 104 million yuan, with a growth rate of 159.54% [1] - Southern CSI Innovation and Entrepreneurship 50 ETF (159780) saw a trading volume of 217 million yuan, up 94.575 million yuan, with a growth rate of 76.97% [1] - The top increases in trading volume were seen in Xingyin CSI Innovation and Entrepreneurship 50 ETF (588660) and E Fund CSI Innovation and Entrepreneurship 50 ETF (159781), with increases of 258.90% and 177.06% respectively [1] Market Performance - As of market close, the average decline for ETFs tracking the CSI Innovation and Entrepreneurship 50 Index was 3.99%, with the largest declines recorded by Bosera CSI Innovation and Entrepreneurship 50 ETF (588390) and GF CSI Innovation and Entrepreneurship 50 Enhanced Strategy ETF (588320), which fell by 4.65% and 4.55% respectively [1]

Core Insights - Central Huijin Asset Management and Central Huijin Investment maintained their holdings in several leading broad-based ETFs during Q3, indicating a strong commitment to these investments [1][2][6] - Notable adjustments were observed among some institutional investors, with Huaxia Fund's proprietary account completely liquidating its position in the Huaxia Hang Seng China Enterprises High Dividend ETF [7][8] - China Life Insurance reduced its holdings in multiple STAR Market ETFs, reflecting a strategic shift in its investment approach [11] Central Huijin's ETF Holdings - Central Huijin Asset Management held 37.86 billion shares of the Huatai-PineBridge CSI 300 ETF, while Central Huijin Investment held 35.65 billion shares, with both figures remaining unchanged from the previous quarter [2][5] - The total holdings in various ETFs, including the E Fund CSI 300 ETF and Huaxia CSI 500 ETF, also remained stable during Q3, suggesting a consistent investment strategy [6] Institutional Adjustments - Huaxia Fund's proprietary account, previously the largest holder of the Huaxia Hang Seng China Enterprises High Dividend ETF with 8.06 million shares (19.35% of total), completely exited this position in Q3 [8][10] - China Life Insurance's significant reductions in holdings of STAR Market ETFs included a drop from 753 million shares to 480 million shares in the Huaxia STAR Market 100 ETF, and from 1.23 billion shares to 679 million shares in the Bosera STAR Market 100 ETF [11]

Core Insights - The market has shifted from a "buy and hold broad-based ETFs" strategy to a "targeted approach" focusing on specific sectors and themes [1][2] - Despite the overall growth in the total scale of broad-based ETFs, the number of shares has decreased significantly due to profit-taking and a shift in investor preference towards sector-specific and thematic ETFs [1][3] Market Performance - Major broad-based indices in A-shares have shown strong performance in the first three quarters of the year, with the CSI 300 index rising by 17.94%, the SSE 50 index by 11.33%, and the CSI A500 index by 21.91% [2][3] - The total scale of broad-based ETFs reached 2.51 trillion yuan, an increase of 320 billion yuan from the beginning of the year, while the number of shares decreased by 224.15 billion to 924.77 billion [2][3] ETF Dynamics - The growth in the scale of broad-based ETFs is primarily driven by net asset value increases, which have masked some profit-taking activities [3][4] - There is a notable divergence within broad-based ETFs, with some maintaining steady growth while others, despite high returns, have faced significant redemptions [2][5] Growth Trends - The performance of broad-based ETFs has been characterized by a "victory of growth style," particularly in sectors like AI, innovative pharmaceuticals, and new energy vehicles [5][6] - Among the top-performing broad-based ETFs, many are smaller in scale, with only one exceeding 10 billion yuan, indicating a trend towards smaller, high-growth products [4][6] Redemption Patterns - A significant portion of the top broad-based ETFs has experienced net redemptions, particularly those with over 50% annual returns, reflecting a common profit-taking strategy among investors [7] - Of the 29 broad-based ETFs with scales exceeding 10 billion yuan, 17 have seen net redemptions, indicating a cautious sentiment among investors regarding future market volatility [7]

1. Report Industry Investment Rating - No relevant information provided 2. Core Views - Important news: The scale of public funds has exceeded 35 trillion yuan for the first time, and the total scale of China's ETFs has exceeded 5 trillion yuan [2][5] - Market review: In the week from August 25th to August 29th, 2025, the major broad - based indexes of the A - share market showed an upward trend, while most overseas indexes showed a downward trend [2][7] - Fund market review: Most active equity funds achieved positive returns last week, with the median return of active equity funds being 2.02%. Technology and cyclical theme funds performed outstandingly [2][11] - ETF fund statistics: The top three ETF categories in terms of performance last week were technology, A - share broad - based, and manufacturing theme ETFs. There were 519 ETFs with net capital inflows and 523 with net outflows [2][18] - Fund market dynamics: Last week, 47 public funds had new fund managers, 44 new public funds were established, 31 entered the issuance stage, and 63 were waiting to be issued [2][27][34] - Equity fund issuance tracking: The issuance scale of equity funds last week was 206.68 billion yuan, an increase of 11.50 billion yuan from the previous week. There are still 808.29 billion yuan of new funds waiting to be invested [2] 3. Summary by Directory 3.1 Important News - Market dynamics: As of the end of July 2025, the net asset value of domestic public funds reached 35.08 trillion yuan, and as of August 25th, the total scale of China's ETFs exceeded 5 trillion yuan [5] - Product hotspots: In August, the new fund issuance scale was nearly 100 billion yuan, with equity funds gaining popularity. The number of personal pension wealth management products increased to 37 [6] - Overseas market: Foreign capital increased their allocation to the Chinese market and actively invested in stock funds. The latest heavy - holding stocks of QFII were exposed [6][7] 3.2 Market Review - A - share market: All major broad - based indexes rose, with the ChiNext Index rising 7.74% and the Shanghai Composite Index rising 0.84% [2][7] - Overseas market: Most overseas indexes fell, such as the German DAX falling 1.89% [2][7] - Industry performance: The communication and non - ferrous metal industries led the gains, while the coal and textile and clothing industries led the losses [9] 3.3 Fund Market Review - Active equity fund performance: Technology and cyclical theme funds performed well in the recent week, month, quarter, and year [11][14] - Top - performing fund statistics: The top - performing active equity fund last week was Kaishilan Leading Economy One - Year Holding, a technology - themed fund with a return of 24.09% [16][17] 3.4 ETF Fund Statistics - ETF performance: The top three ETF categories in terms of performance last week were technology, A - share broad - based, and manufacturing theme ETFs [18][19] - ETF fund flow: The top categories with net inflows were technology, financial real estate, and bond ETFs, while the top categories with net outflows were A - share broad - based ETFs [21][22] - ETF fund premium and discount: As of August 29th, 2025, the top three ETFs in terms of premium rate were China Construction Fund's CSI New Energy Vehicle Battery ETF, etc., and the top three in terms of discount rate were Founder Fubang's CSI STAR Market Innovation 50 ETF, etc. [25][26] 3.5 Fund Market Dynamics - Fund manager changes: Last week, 47 public funds had new fund managers, and 68 had fund manager departures [27][30] - Newly - established funds: 44 new public funds were established last week, with a total issuance share of 282.05 billion. Passive index funds were the most numerous and had the largest issuance share [34] - Newly - issued funds: 31 public funds entered the issuance stage last week, with passive index funds being the most numerous [2] - Funds to be issued: As of August 31st, 2025, there were 63 public funds waiting to be issued [2] - Equity fund issuance tracking: The issuance scale of equity funds last week was 206.68 billion yuan, and there are still 808.29 billion yuan of new funds waiting to be invested [2]

Core Insights - The total trading volume of the CSI Innovation and Entrepreneurship 50 Index ETF reached 745 million yuan today, an increase of 292 million yuan from the previous trading day, representing a growth rate of 64.38% [1] Trading Performance - The Huaxia CSI Innovation and Entrepreneurship 50 ETF (159783) had a trading volume of 99.82 million yuan today, up 49.97 million yuan from the previous day, with a growth rate of 100.24% [1] - The Southern CSI Innovation and Entrepreneurship 50 ETF (159780) recorded a trading volume of 106 million yuan, an increase of 43.55 million yuan, with a growth rate of 69.53% [1] - The Huabao Dual Innovation Leader ETF (588330) saw a trading volume of 54.47 million yuan, up 31.99 million yuan, with a growth rate of 142.33% [1] - The Double Innovation 50 ETF (159782) and Tianhong CSI Innovation and Entrepreneurship 50 ETF (159603) had significant increases in trading volume, with growth rates of 358.38% and 190.67% respectively [1] Market Performance - As of market close, ETFs tracking the CSI Innovation and Entrepreneurship 50 Index averaged a rise of 2.51%, with notable increases from the Pengyang CSI Innovation and Entrepreneurship 50 ETF (588350) and the Jiashi CSI Innovation and Entrepreneurship 50 ETF (588400), which rose by 2.84% and 2.74% respectively [1]

Core Viewpoint - The trading volume of the CSI Innovation and Entrepreneurship 50 Index ETF reached 475 million yuan today, marking a 45.17% increase compared to the previous trading day [1] Trading Volume Summary - The E Fund CSI Innovation and Entrepreneurship 50 ETF (159781) had a trading volume of 120 million yuan, an increase of 35.6 million yuan, with a growth rate of 42.17% [1] - The Southern CSI Innovation and Entrepreneurship 50 ETF (159780) recorded a trading volume of 80.53 million yuan, up by 22.29 million yuan, reflecting a growth rate of 38.28% [1] - The Fortune CSI Innovation and Entrepreneurship 50 ETF (588380) saw a trading volume of 45.16 million yuan, increasing by 19.34 million yuan, with a significant growth rate of 74.88% [1] - Other ETFs such as the Founder Fubon CSI Innovation and Entrepreneurship 50 ETF (588310) and the GF CSI Innovation and Entrepreneurship 50 Enhanced Strategy ETF (588320) also experienced notable increases in trading volume, with growth rates of 157.89% and 113.19% respectively [1] Market Performance Summary - As of market close, the average increase for ETFs tracking the CSI Innovation and Entrepreneurship 50 Index was 1.81%, with the highest performers being the Harvest CSI Innovation and Entrepreneurship 50 ETF (588400) and the GF CSI Innovation and Entrepreneurship 50 Enhanced Strategy ETF (588320), which rose by 2.01% and 1.93% respectively [1]

Group 1 - The total trading volume of the CSI Innovation and Entrepreneurship 50 Index ETF reached 327 million yuan today, an increase of 72.84% compared to the previous trading day [1] - The E Fund CSI Innovation and Entrepreneurship 50 ETF (159781) had a trading volume of 84.41 million yuan, up 91.12% from the previous day [1] - The Southern CSI Innovation and Entrepreneurship 50 ETF (159780) saw a trading volume of 58.24 million yuan, with a significant increase of 125.26% [1] Group 2 - The average increase of related ETFs tracking the CSI Innovation and Entrepreneurship 50 Index was 1.64% at market close, with the top performers being the Fortune CSI Innovation and Entrepreneurship 50 ETF (588380) and the Guotai CSI Innovation and Entrepreneurship 50 ETF (588360), which rose by 1.84% and 1.74% respectively [2] - The trading volume of the GF CSI Innovation and Entrepreneurship 50 Enhanced Strategy ETF (588320) surged by 579.18%, indicating strong investor interest [2] - The trading volume of the Pengyang CSI Innovation and Entrepreneurship 50 ETF (588350) increased by 237.47%, reflecting a notable rise in market activity [2]

Group 1 - The total trading volume of the CSI Innovation and Entrepreneurship 50 Index ETF reached 245 million yuan today, an increase of 62.98 million yuan compared to the previous trading day, representing a growth rate of 34.63% [1] - The E Fund CSI Innovation and Entrepreneurship 50 ETF (159781) had a trading volume of 65.70 million yuan today, an increase of 17.63 million yuan from the previous day, with a growth rate of 36.69% [1] - The Hua Bao Double Innovation Leader ETF (588330) recorded a trading volume of 24.73 million yuan, up 11.63 million yuan from the previous day, with a growth rate of 88.81% [1] Group 2 - The average decline of ETFs tracking the CSI Innovation and Entrepreneurship 50 Index was 0.70% at market close today, with the largest declines seen in the E Fund CSI Innovation and Entrepreneurship 50 ETF (159781) and the Huaxia CSI Innovation and Entrepreneurship 50 ETF (159783), which fell by 0.94% and 0.93% respectively [1] - The trading volume of the Xingyin CSI Innovation and Entrepreneurship 50 ETF (588660) increased by 144.87%, while the Double Innovation 50 ETF (159782) saw an increase of 97.25% compared to the previous trading day [1]