集团 21世纪经济报道 理财公司混合类公募 潮州 近六月业绩榜单 (投资周期3-6个月 | F 특 | 产品名称 | 電信機 三十人 长率 | 最大回撤 | 年化波动 网 | | --- | --- | --- | --- | --- | | | 一赢平衡增利智能制造混 | | | | | | 合类理财5号(最短持有6 个月） | 宁银理财 9.47% | 1.95% | 6.20% | | | 宁赢平衡增利混合类开放 | | | | | | 式理财3号(景短信有180 | 宁银理财 9.28% | 1.88% | 6.04% | | | B | | | | | | 幸福99卓越混合(多元恒 | 杭银理财 8.68% | 4.82% | 7.70% | | | 利)180天持有期建成 | | | | | 4 | 幸福99卓越混合(国企红 利精选FOF)100天得有期 杭银理财 8.06% | | 2.91% | 4.10% | | | PETIC | | | | | 5 | 荣竹混合抗通胀策略半年 | 民生理财 7.11% | 1.48% | 2.72% | | | SEEHEWTHA | | | | | 6 ...

（文章来源：证券时报网） Wind统计显示，截至12月24日，沪深两市ETF两融余额为1273.13亿元，较上一交易日增加0.31亿元。其 中，ETF融资余额为1198.88亿元，较上一交易日增加0.26亿元；ETF融券余额为74.25亿元，较上一交易 日增加0.05亿元。 具体来看，12月24日有262只ETF获融资净买入，其中，南方中证500ETF获融资净买入额居首，净买入 8935.22万元；融资净买入金额居前的还有嘉实上证科创板芯片ETF、博时中证可转债及可交换债券 ETF、国泰中证全指通信设备ETF、易方达沪深300ETF、南方中证A500ETF等。 ...

Group 1 - The total margin balance of ETFs in the Shanghai and Shenzhen markets reached 119.742 billion yuan as of December 22, an increase of 0.612 billion yuan from the previous trading day [1] - The financing balance of ETFs was 112.374 billion yuan, up by 0.507 billion yuan, while the margin balance for securities lending was 7.368 billion yuan, increasing by 0.105 billion yuan [1] - On December 22, 257 ETFs experienced net financing inflows, with the top inflow being the Fortune China Government Bond 7-10 Year Policy Financial Bond ETF, which saw a net inflow of 460 million yuan [1] Group 2 - Other ETFs with significant net financing inflows included the Guotai CSI All Share Communication Equipment ETF, Invesco Nasdaq Technology Market Cap Weighted ETF, Bosera CSI Convertible Bonds and Exchangeable Bonds ETF, Huaxia CSI A500 ETF, GF CSI Hong Kong Innovative Drug ETF, and Southern CSI Shenwan Nonferrous Metals ETF [1]

市场概况 12月5日ETF融资净买入额前三位分别为：易方达中证香港证券投资主题ETF（1.35亿元）、南方中证 500ETF（9709.66万元）和华夏上证科创板50成份ETF（3529.76万元），前10具体见下表： | 代码 | 基金名称 | 融资净买入额 | | --- | --- | --- | | 513090.SH | 易方达中证香港证券投资主题ETF | 1.35亿元 | | 510500.SH | 南方中证500ETF | 9709.66万元 | | 588000.SH | 华夏上证科创板50成份ETF | 3529.76万元 | | 511380.SH | 博时中证可转债及可交换债券ETF | 3501.07万元 | | 159915.SZ | 易方达创业板ETF | 2334.23万元 | | 513600.SH | 南方恒生(QDII-ETF) | 2154.45万元 | | 512890.SH | 华泰柏瑞中证红利低波动ETF | 2136.46万元 | | 159740.SZ | 大成恒生科技(QDII-ETF) | 2014.73万元 | | 159995.SZ | 华夏国证半导体 ...

Market Overview - As of December 2, the total ETF margin balance in the two markets is 118.26 billion yuan, a decrease of 76.77 million yuan from the previous trading day [1] - The financing balance is 110.18 billion yuan, down by 40.66 million yuan, while the securities lending balance is 8.08 billion yuan, a decrease of 36.11 million yuan [1] - In the Shanghai market, the ETF margin balance is 82.76 billion yuan, a decrease of 13 million yuan, with a financing balance of 75.66 billion yuan, down by 102 million yuan [1] - In the Shenzhen market, the ETF margin balance is 35.50 billion yuan, an increase of 53.54 million yuan, with a financing balance of 34.51 billion yuan, up by 61.76 million yuan [1] ETF Margin Balances - The top three ETFs by margin balance on December 2 are: - Huaan Yifu Gold ETF (7.84 billion yuan) - E Fund Gold ETF (5.73 billion yuan) - Huatai-PB CSI 300 ETF (4.14 billion yuan) [2] ETF Financing Buy Amounts - The top three ETFs by financing buy amounts on December 2 are: - Haifutong CSI Short Bond ETF (857 million yuan) - Huatai-PB Southern Dongying Hang Seng Technology Index (646 million yuan) - Bosera CSI Convertible Bonds and Exchangeable Bonds ETF (610 million yuan) [3][4] ETF Financing Net Buy Amounts - The top three ETFs by financing net buy amounts on December 2 are: - Huaxia Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF (32.47 million yuan) - Penghua CSI Wine ETF (27.71 million yuan) - Bosera Shanghai Stock Exchange 30-Year Treasury Bond ETF (27.06 million yuan) [5][6] ETF Securities Lending Sell Amounts - The top three ETFs by securities lending sell amounts on December 2 are: - Southern CSI 500 ETF (44.09 million yuan) - Southern CSI 1000 ETF (27.26 million yuan) - Bosera CSI Convertible Bonds and Exchangeable Bonds ETF (14.80 million yuan) [7][8]

Group 1 - The report discusses the premium and discount rates of bond ETFs, noting that most bond ETFs only exhibit a premium/discount rate due to the lack of IOPV disclosure [2][9] - The premium/discount rate is influenced by the liquidity of the underlying bonds and the product design, with a tendency for most products to trade at a discount [14][10] - The report emphasizes the importance of premium/discount rates in guiding secondary market trading decisions, suggesting that investors should focus on medium to long-term trading strategies rather than day trading [29][27] Group 2 - The report outlines the arbitrage mechanisms between primary and secondary markets for bond ETFs, highlighting that effective arbitrage requires significant price discrepancies and consideration of various practical factors [35][36] - It discusses the challenges of executing arbitrage due to minimum investment thresholds and the liquidity of the bond market, which can hinder the realization of arbitrage opportunities [35][41] - The report also mentions the impact of redemption methods on the premium/discount rates, with physical redemption products facing greater uncertainty and costs [25][23] Group 3 - The report provides a detailed analysis of the premium/discount rates across different categories of bond ETFs, indicating that municipal bonds and corporate bonds tend to have higher discount rates compared to government bonds [13][12] - It highlights the significance of selecting bond ETFs with stable premium/discount rates and lower deviations from net asset value to minimize investment risks [33][32] - The report includes a comparative analysis of various bond ETFs, focusing on their trading volumes, average premium/discount rates, and redemption methods [31][30]

ETF融资融券余额 市场概况 11月28日两市ETF两融余额为1183.16亿元，较前一交易日减少2.21亿元。其中融资余额为1106.5亿元， 较前一交易日减少3.25亿元；融券余额为76.66亿元，较前一交易日增加1.04亿元。 分市场来看，沪市ETF两融余额为828.36亿元，较前一交易日减少1.55亿元。其中融资余额为761.11亿 元，较前一交易日减少2.52亿元；融券余额为67.25亿元，较前一交易日增加9676.65万元。深市ETF两 融余额为354.8亿元，较前一交易日减少6593.06万元。其中融资余额为345.39亿元，较前一交易日减少 7313.48万元；融券余额为9.42亿元，较前一交易日增加720.43万元。 11月28日ETF融资买入额前三位分别为：海富通中证短融ETF(10.89亿元)、华泰柏瑞南方东英恒生科技 指数(QDII-ETF)(7.76亿元)和博时中证可转债及可交换债券ETF(7.71亿元)，前10具体见下表： | 代码 | 基金名称 | 融资净买入额 | | --- | --- | --- | | 511380.SH | 博时中证可转债及可交换债券ETF | 9216 ...

Core Viewpoint - As of November 28, the total margin balance for ETFs in the Shanghai and Shenzhen markets is 118.316 billion yuan, showing a decrease of 0.221 billion yuan from the previous trading day [1] Summary by Category ETF Financing and Margin Balance - The ETF financing balance stands at 110.65 billion yuan, down by 0.325 billion yuan compared to the previous trading day [1] - The ETF margin short balance is 7.666 billion yuan, which has increased by 0.104 billion yuan from the previous trading day [1] Net Buy and Performance of ETFs - On November 28, 216 ETFs experienced net financing purchases, with the highest net purchase amounting to 92.1675 million yuan for the Bosera CSI Convertible Bonds and Exchangeable Bonds ETF [1] - Other ETFs with significant net financing purchases include the E Fund ChiNext ETF, HFT CSI Short-term Bond ETF, Huaan ChiNext 50 ETF, Guotai CSI All-Share Communication Equipment ETF, and others [1]

Report Summary 1. Market Overview - On November 26, 2025, the Shanghai Composite Index fell 0.15% to 3864.18 points, the Shenzhen Component Index rose 1.02% to 12907.83 points, and the ChiNext Index rose 2.14% to 3044.69 points. The total trading volume of A - shares in the two markets was 1797.4 billion yuan. The top - performing sectors were communications (4.64%), comprehensive (1.79%), and electronics (1.58%), while the worst - performing sectors were national defense and military industry (-2.25%), social services (-0.97%), and media (-0.82%) [2][6] 2. Stock ETFs - The top - trading - volume stock ETFs on this day were: Huaxia CSI A500 ETF, up 0.53% with a premium rate of 0.40%; E Fund ChiNext ETF, up 2.23% with a premium rate of 2.18%; Guotai CSI A500 ETF, up 0.62% with a premium rate of 0.47% [3][7] 3. Bond ETFs - The top - trading - volume bond ETFs were: Haifutong CSI Short - Term Financing ETF, unchanged (0.00%) with a premium rate of 0.00%; Bosera CSI Convertible and Exchangeable Bond ETF, down 0.80% with a premium rate of - 0.99%; Guotai CSI AAA Science and Technology Innovation Corporate Bond ETF, down 0.10% with a premium rate of - 0.11% [4][9] 4. Gold ETFs - Gold AU9999 fell 0.04% and Shanghai Gold fell 0.02%. The top - trading - volume gold ETFs were: Huaan Gold ETF, up 0.01% with a premium rate of 0.10%; Bosera Gold ETF, down 0.01% with a premium rate of 0.08%; E Fund Gold ETF, up 0.01% with a premium rate of 0.08% [12] 5. Commodity Futures ETFs - Huaxia Feed Soybean Meal Futures ETF fell 0.45% with a premium rate of 3.52%; Dacheng Non - Ferrous Metals Futures ETF rose 0.06% with a premium rate of 0.14%; Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF rose 0.74% with a premium rate of 0.54% [15] 6. Cross - border ETFs - The previous trading day, the Dow Jones Industrial Average rose 1.43%, the Nasdaq rose 0.67%, the S&P 500 rose 0.91%, and the German DAX rose 0.97%. On this day, the Hang Seng Index rose 0.13% and the Hang Seng China Enterprises Index rose 0.04%. The top - trading - volume cross - border ETFs were: GF CSI Hong Kong Innovative Drugs ETF, up 1.86% with a premium rate of 1.90%; E Fund CSI Hong Kong Securities Investment Theme ETF, up 0.20% with a premium rate of 0.20%; Huatai - Peregrine Hang Seng Technology ETF, up 0.81% with a premium rate of 0.38% [17] 7. Money ETFs - The top - trading - volume money ETFs were: Yin Hua Day - to - Day Profit ETF, Huabao Add - Benefit ETF, and Money ETF Jianxin Add - Benefit [19]

Core Viewpoint - As of November 24, the total margin balance for ETFs in the Shanghai and Shenzhen markets is 120.92 billion yuan, showing a decrease of 368 million yuan from the previous trading day [1] Summary by Category ETF Financing and Margin Balance - The ETF financing balance is 113.92 billion yuan, down by 347 million yuan from the previous trading day [1] - The ETF margin short balance is 7.002 billion yuan, decreasing by 21 million yuan compared to the previous trading day [1] Net Inflows in ETFs - On November 24, 241 ETFs experienced net financing inflows, with the highest net inflow recorded in the Bosera CSI Convertible Bonds and Exchangeable Bonds ETF, amounting to 203 million yuan [1] - Other ETFs with significant net inflows include Huatai-PB CSI 300 ETF, Huaxia SSE STAR 50 ETF, Huatai-PB Hang Seng Technology ETF, Pengyang 30-Year Government Bond ETF, and E Fund CSI 300 ETF [1]