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 ...

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].

Market Overview - On August 8, 2025, the Shanghai Composite Index fell 0.12% to close at 3635.13, the Shenzhen Component Index dropped 0.26% to 11128.67, and the ChiNext Index declined 0.38% to 2333.96. The total trading volume of A-shares in the two markets was 1736.5 billion yuan. The top-performing sectors were the comprehensive sector (1.56%), building materials (1.16%), and building decoration (1.14%), while the worst-performing were the computer (-2.38%), electronics (-1.15%), and media (-0.96%) sectors [2][7]. Stock ETF - The top-traded stock ETFs on this day were: Huaxia CSI A500 ETF, which fell 0.20% with a premium rate of -0.25%; Huatai-PineBridge CSI A500 ETF, down 0.18% with a premium rate of -0.19%; and Southern CSI A500 ETF, down 0.19% with a premium rate of -0.17% [3][8]. - The chart shows details of the top ten stock ETFs by trading volume, including their codes, names, prices, price changes, tracking indices, IOPV, premium rates, trading volumes, and the latest share references [9]. Bond ETF - The top-traded bond ETFs were: Haifutong CSI Short-term Financing Bond ETF, up 0.01% with a premium rate of 0.01%; Bosera CSI Convertible Bond and Exchangeable Bond ETF, down 0.30% with a premium rate of -0.20%; and Guotai Shanghai Stock Exchange 10-year Treasury Bond ETF, up 0.04% with a premium rate of -0.03% [4][10]. - The chart presents the top five bond ETFs by trading volume, including their codes, names, prices, price changes, premium rates, and trading volumes [11]. Gold ETF - Gold AU9999 rose 0.14% and Shanghai Gold increased 0.34%. The top-traded gold ETFs were: Huaan Gold ETF, up 0.32% with a premium rate of 0.21%; E Fund Gold ETF, up 0.30% with a premium rate of 0.17%; and Bosera Gold ETF, up 0.28% with a premium rate of 0.20% [13]. - The chart displays the top five gold ETFs by trading volume, including their codes, names, prices, price changes, trading volumes, IOPV, and premium rates [14]. Commodity Futures ETF - Huaxia Feed Soybean Meal Futures ETF rose 0.46% with a premium rate of 0.77%; Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 0.90% with a premium rate of -0.90%; and Dacheng Non-ferrous Metals Futures ETF declined 0.06% with a premium rate of -0.06% [14]. - The chart provides an overview of commodity futures ETFs, including their codes, names, prices, price changes, trading volumes, IOPV, premium rates, tracking indices, and the price changes of the tracking indices [15]. Cross-border ETF - The previous trading day saw the Dow Jones Industrial Average fall 0.51%, the Nasdaq rise 0.35%, and the S&P 500 drop 0.08%, while the German DAX rose 1.12%. On this day, the Hang Seng Index fell 0.89% and the Hang Seng China Enterprises Index dropped 0.96%. The top-traded cross-border ETFs were: E Fund CSI Hong Kong Securities Investment Theme ETF, down 1.07% with a premium rate of -0.08%; GF CSI Hong Kong Innovative Drug ETF, down 1.33% with a premium rate of -0.16%; and Huitianfu Guozheng Hong Kong Stock Connect Innovative Drug ETF, down 1.41% with a premium rate of -0.15% [16]. - The chart shows the top five cross-border ETFs by trading volume, including their codes, names, trading volumes, price changes, and premium rates [17]. Money Market ETF - The top-traded money market ETFs were: Yin Hua Day Profit ETF, Hua Bao Tian Yi ETF, and Money Market ETF Jian Xin Tian Yi [18]. - The chart lists the top three money market ETFs by trading volume, including their codes, names, and trading volumes [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].