每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 国泰中证500ETF（561350）跟踪的是中证500指数（000905），该指数由沪深两市剔除沪深300成 分股及市值前300名后，选取的500只中小市值股票构成，以反映A股市场中小盘公司的整体表现。指数 行业分布均衡，涵盖医药、电子、新能源等成长性较强的领域。 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供 参考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构 成投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅 读基金法律文件，充分了解产品要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的 产品，谨慎投资。 1月6日，国泰中证500ETF（561350）涨超1.3%，宽基指数配置价值引关注 兴业证券指出，2025年A股 ...

Market Performance - The A-share market saw all three major indices rise, with the Shanghai Composite Index up by 1.38%, the Shenzhen Component Index up by 2.24%, and the ChiNext Index up by 2.85% [1] - The total market turnover reached 2.57 trillion yuan, showing an increase compared to the pre-holiday period [1] Driving Factors for the Rise - The significant rise in the Hong Kong stock market during the New Year period catalyzed the positive opening of the A-share market [3] - Key drivers include: - Intensified global AI application [3] - Increased interest in innovative pharmaceuticals [3] - Strengthening of the Renminbi, with the offshore Renminbi breaking the 7 mark, enhancing the attractiveness of Hong Kong stocks to foreign capital [3] Future Outlook - Externally, the imminent announcement of the new Federal Reserve chairperson and ongoing pressure from Trump for significant interest rate cuts may reinforce expectations for a weaker dollar [4] - Internally, various policies are being implemented to stabilize expectations and stimulate activity, such as optimizing housing purchase restrictions and reducing the value-added tax on second-hand housing [4] - The Guotai CSI 500 ETF (561350) tracks the CSI 500 Index, which focuses on emerging manufacturing and growth sectors like electronics and biomedicine, reflecting China's economic transformation [4] - The Hong Kong Stock Connect 50 ETF (159712) tracks the Hong Kong Stock Connect 50 Index, which includes large-cap blue-chip stocks across various sectors, providing good market representation and industry distribution [4] Industry Developments - Meta has acquired Manus for over $2 billion to enhance its AI agent capabilities [6] - Volcano Engine will be the exclusive AI cloud partner for the 2026 Spring Festival Gala [6] - Deepseek has released a new architecture paper that balances model training performance and efficiency [6] - The brain-computer interface sector is gaining traction, with Elon Musk's Neuralink set to begin large-scale production of brain-computer interface devices in 2026 [6] - The first industry standard for medical devices using brain-computer interface technology will be implemented on January 1, 2026, laying the foundation for standardized development in the industry [6] - The small nucleic acid drug sector is heating up, with Rebio Biotechnology set to enter the Hong Kong market, further stimulating market sentiment [6]

国泰中证500ETF（561350）跟踪的是中证500指数（000905），该指数覆盖医药、电子等成长性行业， 具有均衡的行业分布特征，旨在反映A股市场中小盘上市公司证券的整体表现。 中泰证券指出，随着12月中央经济工作会议临近，政策信号或逐步集中于结构优化与稳定增长两条主 线，2026年作为"十五五"开局之年，财政政策大概率采取更积极姿态，在货币政策受汇率约束、宽松空 间有限的背景下，财政端将承担稳增长主力。在此阶段，市场关注的焦点或在于中央经济工作会议的财 政政策预期，若赤字率和财政支出力度如市场预期般进一步前置，中小市值、弹性更高的可选消费领域 （如文旅、线下零售等）有望获得阶段性交易机会。 （文章来源：每日经济新闻） ...

Core Viewpoint - The trading volume of the CSI Small Cap 500 Index ETF reached 5.066 billion yuan today, marking a significant increase of 1.415 billion yuan or 38.76% compared to the previous trading day [1] Trading Volume Summary - The Southern CSI 500 ETF (510500) had a trading volume of 4.270 billion yuan, up by 1.386 billion yuan, reflecting a 48.07% increase [1] - The Harvest CSI 500 ETF (159922) recorded a trading volume of 469 million yuan, an increase of 148 million yuan, with a growth rate of 46.07% [1] - The CSI 500 (159982) saw a trading volume of 9.3526 million yuan, up by 4.1096 million yuan, representing a 78.38% increase [1] - Notably, the Industrial Bank CSI 500 ETF (510570) and the Ping An CSI 500 ETF (510590) experienced remarkable increases in trading volume of 1537.83% and 233.32%, respectively [1] Market Performance Summary - As of market close, the CSI Small Cap 500 Index (000905) rose by 1.25%, while the average increase for related ETFs was 1.15% [1] - The top performers included the Guoshou Anbao CSI 500 ETF (510560) and the 500 Index Increase (561550), which rose by 2.00% and 1.64%, respectively [1] Detailed Trading Data - A detailed table of various ETFs shows their trading volumes, daily changes, and percentage increases, highlighting significant movements in the market [1][2] - For instance, the Industrial Bank CSI 500 ETF (510570) had a trading volume of 1.6179 million yuan, with a staggering increase of 151.91 million yuan, marking a 1537.83% rise [1] - Conversely, some ETFs like the Invesco CSI 500 Enhanced Strategy ETF (561550) and the Huatai-PB CSI 500 ETF (512500) reported declines in trading volume [2]

Group 1 - The core viewpoint is that the CSI 500 index is currently valued within a relatively reasonable range, with potential upward space towards the historical +1σ line [1] - The electronic and non-ferrous metal sectors are gaining attention due to performance recovery and price increase logic, with the electronic sector's holding ratio reaching a historical high [1] - Despite the high holding ratio in the electronic sector, the degree of crowding is still lower than the average of the previous four bull markets, indicating potential for increased trading enthusiasm [1] Group 2 - The "14th Five-Year Plan" emphasizes technological self-reliance and new energy, suggesting that related industries such as power equipment (energy storage, overseas grid) and military industry (domestic and external demand resonance) may become long-term allocation directions [1] - The overall broad-based index still holds allocation value in the mid-term of the bull market [1] - The Guotai CSI 500 ETF (561350) tracks the CSI 500 index (000905), which is compiled by the China Securities Index Co., Ltd., selecting 500 liquid small and medium-sized companies from the Chinese A-share market to reflect the overall performance of small and medium-sized listed companies [1]

Group 1 - The core viewpoint of the news is the positive market response to the recent policy changes and adjustments in the CSI 500 index, which are expected to enhance the performance of medium-sized enterprises in China [1] - On August 10, 2025, the Ministry of Finance and several other ministries announced a policy to increase the R&D expense deduction ratio for qualified "specialized, refined, and innovative" enterprises in the CSI 500 to 120%, aimed at strengthening support for technology-oriented SMEs [1] - The Producer Price Index (PPI) data released on August 12 showed a month-on-month increase of 1.2% in the prices of industries with significant weight in the CSI 500, such as non-ferrous metals and chemicals, indicating a marginal improvement in demand within the midstream manufacturing sector [1] Group 2 - On August 3, the China Securities Index Co., Ltd. announced a semi-annual adjustment to the CSI 500 index, adding 50 new listed companies primarily in emerging sectors like renewable energy and biomedicine, with the adjustment effective after the market close on August 16 [1] - The Guotai CSI 500 ETF (561350) tracks the CSI 500 index (000905), which selects 500 medium-sized listed companies from the Shanghai and Shenzhen markets, covering multiple industries and reflecting the overall performance of small and medium-sized enterprises in the A-share market [1]

Group 1 - The current derivatives market shows an optimistic outlook for equity assets, with a decline in the VIX of the CSI 500 and an increase in the basis rate [1] - Recent institutional research indicates a rising interest in the "petroleum and petrochemicals," "non-ferrous metals," "steel," "real estate," and "comprehensive finance" sectors [1] - No industry is currently triggering crowded indicator thresholds, suggesting limited adjustment pressure in the overall market [1] Group 2 - In the relative return allocation for July 2025, sectors such as non-ferrous metals and machinery are gaining attention, reflecting a preference for certain cyclical and growth sectors [1] - The Guotai CSI 500 ETF (561350) tracks the CSI 500 Index (000905), which includes the top 500 stocks by average daily market capitalization, excluding the constituents of the CSI 300 [1] - The CSI 500 Index is characterized by its diversified industry distribution and strong market representation, serving as an important benchmark for measuring the overall performance of small-cap growth companies [1]

Summary of Key Points Core Viewpoint - The trading volume of the CSI Small Cap 500 Index ETF increased significantly today, indicating heightened market activity and investor interest in this segment [1][2]. Trading Volume and Changes - The total trading volume of the CSI Small Cap 500 Index ETF reached 1.628 billion yuan, an increase of 418 million yuan from the previous trading day, representing a growth rate of 34.51% [1]. - Specific ETFs showed notable increases in trading volume: - Southern CSI 500 ETF (510500) had a trading volume of 1.088 billion yuan, up 291 million yuan, with a growth rate of 36.47% [2]. - Huaxia CSI 500 ETF (512500) saw a trading volume of 158 million yuan, an increase of 70.726 million yuan, with a growth rate of 81.05% [2]. - Jiashi CSI 500 ETF (159922) recorded a trading volume of 159 million yuan, up 21.474 million yuan, with a growth rate of 15.59% [2]. - Other ETFs with significant increases in trading volume included: - Industrial Bank CSI 500 ETF (510570) and Ping An CSI 500 ETF (510590), which saw increases of 3397.96% and 3095.99%, respectively [1]. Market Performance - As of market close, the CSI Small Cap 500 Index (000905) declined by 0.88%, while the average decline for related ETFs was 0.72% [2]. - The top-performing ETF was Ping An CSI 500 ETF (510590), which increased by 0.22% [2]. - The ETFs with the largest declines included Bank of China Securities CSI 500 ETF (515190) and E Fund CSI 500 ETF (510580), which fell by 1.02% and 1.01%, respectively [2].

Summary of Key Points Core Viewpoint - The trading volume of the CSI Small Cap 500 Index ETF increased significantly today, indicating heightened market activity and investor interest in small-cap stocks [1]. Trading Volume and Performance - The total trading volume of the CSI Small Cap 500 Index ETF reached 1.615 billion yuan, an increase of 441 million yuan from the previous trading day, representing a growth rate of 37.61% [1]. - The Southern CSI 500 ETF (510500) had a trading volume of 1.167 billion yuan, up 469 million yuan from the previous day, with a growth rate of 67.16% [1]. - The GF CSI 500 ETF (510510) saw a trading volume of 36.3045 million yuan, increasing by 17.2347 million yuan, with a growth rate of 90.38% [1]. - The E Fund CSI 500 ETF (510580) recorded a trading volume of 33.6861 million yuan, up 15.0821 million yuan, with a growth rate of 81.07% [1]. Market Performance - The CSI Small Cap 500 Index (000905) rose by 0.48% by the end of the trading day, while the average increase for related ETFs was 0.50% [1]. - The top performers included the Bank of China Securities CSI 500 ETF (515190) and the CSI 500 ETF Fund (159337), which increased by 1.22% and 0.81%, respectively [1]. Notable Increases in Trading Volume - The Bank of China Securities CSI 500 ETF (515190) and the China Life Asset Management CSI 500 ETF (510560) experienced remarkable increases in trading volume, with growth rates of 2429.81% and 402.61%, respectively [1]. Additional Trading Data - A detailed table lists various ETFs, their trading volumes, daily changes, and percentage increases, highlighting significant movements in the market [1][2].

Core Viewpoint - CITIC Securities has made significant adjustments to its ETF holdings, increasing positions in certain ETFs while reducing others, indicating a strategic shift in investment focus towards specific sectors and market segments [1][9]. Group 1: ETF Holdings Overview - CITIC Securities holds the largest position in the Huaxia SSE 50 ETF with a market value of 2 billion yuan, despite a reduction of 50.91 million shares [2][3]. - The second largest holding is the Huaxia CSI A500 ETF, valued at 1.846 billion yuan, reflecting a stable investment strategy as no changes in holdings were reported [2][3]. - The Southern CSI 1000 ETF has seen an increase of 25.51 million shares, indicating a focus on small-cap stocks, which are expected to perform well in the current market environment [2][4]. Group 2: Increases in Holdings - The Southern CSI 1000 ETF was increased by 255 million shares, highlighting CITIC Securities' positive outlook on small-cap stocks and emerging industries [4][5]. - The Tianhong CSI Bank ETF was increased by 6.534 million shares, reflecting confidence in the banking sector amid a favorable macroeconomic environment [5][6]. - The E-Fund SSE 50 ETF saw an increase of 4.492 million shares, emphasizing the importance of large-cap blue-chip stocks in the investment strategy [5][6]. Group 3: Reductions in Holdings - CITIC Securities reduced its holdings in the Southern CSI 500 ETF by 860 million shares, indicating caution towards mid-cap stocks due to potential market uncertainties [7][8]. - The Huaxia SSE 50 ETF also experienced a reduction of 509 million shares, suggesting a strategic shift in focus away from large-cap stocks [7][8]. - The Southern MSCI China A50 ETF was reduced by 261 million shares, further reflecting a cautious approach to blue-chip stocks in the current market context [7][8]. Group 4: New Entrants and Exits - CITIC Securities entered the top ten holders of 46 new non-cash ETFs, indicating a diversification strategy to capture various market opportunities [9][10]. - The firm exited the top ten holders of the Hai Fu Tong SSE Urban Investment Bond ETF, Southern CSI 300 ETF, and the China Merchants CSI Dividend ETF, marking a significant portfolio adjustment [14][15].