Core Viewpoint - The launch of the Dacheng CSI Battery Theme ETF is set for January 21, 2026, with a total trading share of 442 million, indicating a growing interest in sector-specific ETFs in the market [1] Group 1: ETF Launch Details - The Dacheng CSI Battery Theme ETF will officially launch on January 21, 2026, with a total trading share of 442 million [1] - The fund's establishment date is January 13, 2026, and as of January 14, 2026, the asset allocation is 77.96% in bank deposits and settlement reserves, and 22.01% in stock investments [1] - The fund is currently in its accumulation phase [1] Group 2: Recent ETF Trends - In January, 18 stock ETFs have announced their launch, with an average position of only 23.27% [1] - The highest position among these ETFs is the Penghua CSI General Aviation Theme ETF at 65.79%, followed by the Xingquan CSI 300 Quality ETF at 62.01% [1] - The lowest positions are seen in the Penghua CSI All-Index Food ETF at 0.40% and the E Fund CSI Hong Kong Stock Connect Medical Theme ETF at 4.78% [1] Group 3: Institutional Investor Participation - Among the recently launched ETFs, the average share held by institutional investors is 10.08% [2] - The ETFs with the highest institutional ownership include the Ping An Hang Seng China Central Enterprise Dividend ETF at 25.59% and the Penghua CSI General Aviation Theme ETF at 21.34% [2] - The Dacheng CSI Battery Theme ETF has a relatively low institutional ownership at 3.16% [2]

Core Viewpoint - Two stock ETFs have announced their listing, with the latest positions showing that the ICBC New Energy ETF has a stock position of 39.69% and the Huabao CSI All Share Utilities ETF has a stock position of 20.33% [1] Group 1: ETF Listings and Positions - A total of 17 stock ETFs have announced listings since January, with an average position of 23.34%. The highest position is held by the Penghua CSI General Aviation Theme ETF at 65.79% [1] - Other ETFs with significant positions include the Xingquan CSI 300 Quality ETF at 62.01%, the Jianxin ChiNext Composite Enhanced Strategy ETF at 40.68%, and the ICBC New Energy ETF at 39.69% [1] - The lowest positions are seen in the Penghua CSI All Share Food ETF at 0.40%, the E Fund CSI Hong Kong Stock Connect Medical Theme ETF at 4.78%, and the Guotai CSI Hong Kong Stock Connect Internet ETF at 4.80% [1] Group 2: Fundraising and Institutional Holdings - The average fundraising for the ETFs listed in January is 351 million shares, with the largest being the Xingquan CSI 300 Quality ETF at 1.157 billion shares, followed by the Huabao CSI All Share Utilities ETF at 719 million shares and the Ping An Hang Seng China Central Enterprises Dividend ETF at 514 million shares [1] - Institutional investors hold an average of 10.48% of the shares, with the highest proportions in the Ping An Hang Seng China Central Enterprises Dividend ETF at 25.59%, the Penghua CSI General Aviation Theme ETF at 21.34%, and the Jianxin ChiNext Composite Enhanced Strategy ETF at 20.28% [2] - ETFs with lower institutional holdings include the Huabao CSI All Share Utilities ETF at 1.35%, the E Fund Shanghai Stock Exchange Sci-Tech Innovation Board Chip Design Theme ETF at 1.73%, and the Huabao CSI Hong Kong Stock Connect Medical Theme ETF at 4.46% [2]

Core Viewpoint - Three stock ETFs have recently published listing announcements, with varying stock positions indicating different investment strategies and market conditions [1] Group 1: ETF Stock Positions - The stock position of the GF Guozhen Industrial Software Theme ETF is 31.04% [1] - The stock position of the E Fund Shanghai Stock Exchange Science and Technology Innovation Board Chip Design Theme ETF is 5.36% [1] - The stock position of the E Fund CSI Hong Kong Stock Connect Medical Theme ETF is 4.78% [1] - The highest stock position among newly listed ETFs is 65.79% for the Penghua CSI General Aviation Theme ETF [1] - Other notable stock positions include 62.01% for the Xingquan CSI 300 Quality ETF, 40.68% for the Jianxin Growth Enterprise Board Comprehensive Enhanced Strategy ETF, and 35.10% for the Huaxia CSI All-Share Food ETF [1] Group 2: ETF Fundraising and Investor Structure - Since January, 15 stock ETFs have announced listings, with an average fundraising of 333 million shares [2] - The largest fundraising amounts are 1.157 billion shares for the Xingquan CSI 300 Quality ETF, 514 million shares for the Ping An Hang Seng China Central Enterprise Dividend ETF, and 300 million shares for the E Fund CSI Engineering Machinery Theme ETF [2] - Institutional investors hold an average of 11.17% of the shares, with the highest proportions being 25.59% for the Ping An Hang Seng China Central Enterprise Dividend ETF, 21.34% for the Penghua CSI General Aviation Theme ETF, and 20.28% for the Jianxin Growth Enterprise Board Comprehensive Enhanced Strategy ETF [2]

Market Overview - In the week from January 5 to January 9, 2026, 30 out of 31 industries in the Shenwan first-level industry index rose, with the comprehensive sector leading at a 14.55% increase, followed by defense and military at 13.63% and media at 13.10%. The only sector that declined was banking, which fell by 1.90% [10][11] - The Shanghai Composite Index closed at 4120.43, up 3.82%, while the Shenzhen Component Index rose 4.40% to 14120.15. The average daily trading volume in the Shanghai and Shenzhen markets was 28259.76 billion, totaling 14.13 trillion for the week [10][11] ETF Market Performance - A total of 10 new stock ETFs were listed during the week, including two AI ETFs focused on innovation and entrepreneurship, with a total issuance scale of 4.83 billion [19][21] - The median weekly return for stock ETFs was 4.30%, with the satellite ETF from E Fund showing the highest increase at 22.46%. Conversely, the banking ETF experienced the largest decline at 2.00% [22][23] - The median weekly return for bond ETFs was -0.03%, with convertible bond ETFs performing the best, rising by 4.47% [25][26] - The median return for cross-border ETFs was 2.34%, with the Sino-Korean semiconductor ETF leading at a 15.52% increase [27][28] ETF Strategy Tracking - The PB-ROE framework identified communication, agriculture, forestry, animal husbandry, and transportation as key sectors for the week, with a cumulative strategy return of 1.31%, underperforming the CSI 300 index by 1.47% [6][32] - Since the beginning of 2023, the strategy has achieved a cumulative return of 27.12%, outperforming the CSI 300 index by 4.20% [34] Investment Recommendations - The report recommends focusing on the communication, agriculture, forestry, and transportation sectors for the upcoming week, along with ETFs corresponding to these industries. Additionally, it suggests monitoring wine ETFs, ChiNext 50 ETFs, medical ETFs, chip ETFs, and robot ETFs based on ETF subscription sentiment indicators [7][39]

Group 1 - Three stock ETFs have released listing announcements, with the highest stock allocation being 62.01% for the Xingquan CSI 300 Quality ETF, followed by 40.68% for the Jianxin Growth Enterprise Board Comprehensive Enhanced Strategy ETF [1] - In January, a total of 10 stock ETFs announced their listings, with an average allocation of only 19.47% [1] - The lowest allocations were noted for the Penghua CSI All Share Food ETF at 0.40%, the Guotai CSI Hong Kong Internet ETF at 4.80%, and the E Fund Shanghai Stock Exchange Sci-Tech Innovation Board Chip ETF at 5.37% [1] Group 2 - The average number of shares raised by the newly announced ETFs in January is 3.79 million, with the Xingquan CSI 300 Quality ETF leading at 11.57 million shares [2] - Institutional investors hold an average of 11.55% of the shares, with the highest proportions in the Ping An Hang Seng China Central Enterprise Dividend ETF at 25.59%, Jianxin Growth Enterprise Board Comprehensive Enhanced Strategy ETF at 20.28%, and Xingquan CSI 300 Quality ETF at 18.88% [2] - The newly established stock ETFs have varying construction periods, with the Jianxin Growth Enterprise Board Comprehensive Enhanced Strategy ETF set to have a stock allocation of 40.68% upon listing [2]

Group 1 - The core point of the news is the announcement of the listing of the Guotai CSI Hong Kong Stock Connect Internet ETF, which will be listed on January 9, 2026, with a trading share of 279 million [1] - The fund's establishment date is December 30, 2025, and as of December 31, 2025, the fund's asset allocation includes 4.95% in bank deposits and settlement reserves, and 4.80% in stock investments, indicating it is still in the accumulation phase [1] - In the past month, 24 stock ETFs have announced their listings, with an average position of only 28.08%, while the highest position is held by the Industrial Bank's Sci-Tech Innovation and Entrepreneurship Artificial Intelligence ETF at 75.70% [1] Group 2 - The average fundraising for newly announced ETFs in the past month is 439 million shares, with the largest being E Fund's CSI Sci-Tech Innovation and Entrepreneurship Artificial Intelligence ETF at 1.336 billion shares [2] - Institutional investors hold an average of 18.16% of the shares, with the highest proportions in the Huabao CSI Hong Kong Stock Connect Automotive Industry Theme ETF at 64.43% and the Jiao Yin CSI Selected Hong Kong and Shanghai Technology 50 ETF at 48.92% [2] - A detailed table lists various ETFs, their establishment dates, fundraising scales, and asset allocation percentages, highlighting the low positions of some funds, such as the China Merchants Shanghai Composite Enhanced Strategy ETF at 0.00% [2][3]

Group 1 - The core viewpoint of the articles indicates that the Hong Kong stock market is becoming a value investment area due to policy support and valuation advantages, leading to accelerated fund layouts and increased ETF subscriptions [1][3] Group 2 - Multiple public funds have announced early closure of their fundraising periods, with some funds shortening the period to as little as three days to quickly enter the market [1][2] - New funds are not only raising quickly but are also building positions aggressively, with significant portions of their assets already allocated to equities [2] Group 3 - There has been a strong inflow of funds into Hong Kong-themed ETFs, with a total net subscription amounting to 654.56 billion yuan since November [3] - Several Hong Kong-themed ETFs have reached record high share volumes, with the total scale of these ETFs reaching 7485.21 billion yuan, significantly higher than the projected 3000 billion yuan by the end of 2024 [3]

Core Viewpoint - The Cathay CSI Hong Kong Stock Connect Internet ETF (513723) is set to launch from December 8 to December 19, 2025, with a maximum initial fundraising scale of 2 billion yuan [1] Fund Details - The fund will be managed by Cathay Fund, with Liang Xing serving as the fund manager [1] - The performance benchmark for the fund is the return rate of the CSI Hong Kong Stock Connect Internet Index (adjusted for exchange rates) [1]