锂电池板块走低，电池ETF景顺、新能源车龙头ETF和新能源汽车ETF均跌1%。稀有金属板块走 弱，稀有金属ETF跌1%。化工股表现萎靡，化工ETF跌0.76%。 A股低开高走，截至午盘，上证指数跌0.04%，深证成指涨0.57%，创业板指涨0.6%，北证50涨 1.12%。全市场成交额1.26万亿元，较上日成交额放量912亿元。 板块题材上， 电网设备、贵金属板块 活跃，商业航天概念股反复活跃，核聚变、CPO、特高压、超导、充电桩、光刻机概念股涨幅居前。锂 电电解液、两岸融合、银行板块走弱。 ETF方面，特高压、智能电网板块快速拉升，华夏基金电网设备ETF、国泰基金电网ETF和广发基 金电网ETF分别涨3.07%、2.64%和2.63%。隔夜道指收涨，鹏华基金道琼斯ETF涨2.68%。黄金股连续第 二日上涨，平安基金黄金股票ETF基金、华夏基金黄金股ETF分别涨2.16%和1.89%。智能驾驶板块表现 活跃，富国基金智能汽车ETF、汇添富基金智能汽车ETF基金分别涨1.93%和1.83%。 （责任编辑：王治强 HF013） 【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 ...

来源：上海证券报·中国证券网 上证报中国证券网讯 12月12日，ETF午间收盘涨跌不一，电网设备ETF(159326)涨3.07%，道琼斯 ETF(513400)涨2.68%，电网ETF(561380)涨2.64%；电池ETF景顺(159757)跌1.16%，新能源汽车 ETF(516390)跌1.13%，新能源车龙头ETF(159637)跌1.13%。 上证报中国证券网讯 12月12日，ETF午间收盘涨跌不一，电网设备ETF(159326)涨3.07%，道琼斯 ETF(513400)涨2.68%，电网ETF(561380)涨2.64%；电池ETF景顺(159757)跌1.16%，新能源汽车 ETF(516390)跌1.13%，新能源车龙头ETF(159637)跌1.13%。 来源：上海证券报·中国证券网 ...

一、ETF行业快讯 1.三大指数集体上涨，多只航空航天涨超4% 今日，三大指数集体上涨，上证综指上涨0.05%，深证成指上涨0.37%，创业板指上涨0.31%。航天、传 媒等ETF上涨，其中，航空航天ETF（159227.SZ）涨5.01%、航空航天ETF天弘（159241.SZ）涨 4.66%、航空航天ETF（159208.SZ）涨4.64%、线上消费ETF（159725.SZ）上涨4.50%、游戏传媒 ETF（517770.SH）上涨4.30%。电力设备板块多只ETF下跌，新能源汽车ETF（516390.SH）下跌 1.56%，新能源车龙头ETF（159637.SZ）下跌1.37%，新能车ETF（515700.SH）下跌1.32%。 2.ETF简称规范迎倒计时 公募基金为抢流量"先冷后热" 据证券时报，公募ETF的产品开发与规模竞争，正迎来新的规范要求。公募ETF简称同质化、缺乏辨识 度的行业现象，正逐步成为历史。 日前，沪深交易所发布修订版《上海证券交易所基金业务指南第1号——业务办理》《深圳证券交易所 证券投资基金业务指南第1号——相关业务办理》，明确要求ETF基金扩位简称的具体内容。规定要 求，ET ...

Market Overview - The three major A-share indices opened high but closed lower, with the Shanghai Composite Index down 0.34%, the Shenzhen Component Index down 0.59%, and the ChiNext Index down 0.77% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 10,325 billion yuan, a decrease of 2,849 billion yuan compared to the previous day [1] - Over 3,200 stocks in the market experienced an increase [1] Sector Performance - The military equipment and commercial aerospace sectors were active, while the lithium and Hainan sectors saw adjustments [1] - In the ETF market, the U.S. biotechnology sector rose, with Huatai-PineBridge's Nasdaq Biotechnology ETF and Harvest Fund's S&P Biotechnology ETF increasing by 2.88% and 2.66%, respectively [1] - The satellite internet sector strengthened, with Huaxia Fund's Aerospace ETF and Ping An Fund's General Aviation ETF rising by 2.83% and 2.71%, respectively [1] - The rare metals sector continued to decline, with the Rare Metals ETF and Rare Metals ETF fund falling by 3.86% and 3.71%, respectively [1] - The AI hardware sector continued its pullback, with the Communications ETF down 3.14% [1] - The new energy sector also declined, with the New Energy Vehicle ETF down 2.9% [1]

Group 1: ETF Performance - The Sci-Tech Chip ETF (博时, 588990) increased by over 15% [1] - The New Energy Vehicle Battery ETF (159755) led the gains with a rise of 7.95%, followed by the Battery 30 ETF (159757) and Battery Leader ETF (159767) with increases of 6.20% and 6.14% respectively [2][3] - Other ETFs such as the Lithium Battery ETF (159840) and New Energy Vehicle Leader ETF (159637) also showed significant gains, contributing to a positive trend in the sector [2] Group 2: Industry Data - By July 2025, China's power battery installation volume is projected to reach 55.9 GWh, marking a year-on-year growth of 34.3% [2] - Among this, ternary battery installations accounted for 10.9 GWh (19.6% of total), with a month-on-month increase of 1.9%, while lithium iron phosphate battery installations reached 44.9 GWh (80.4% of total), showing a year-on-year growth of 49.0% [2] Group 3: Market Dynamics - The China Passenger Car Association estimates that retail sales of narrow passenger vehicles in August reached approximately 1.94 million units, reflecting a month-on-month increase of 6.2% and a year-on-year increase of 2.0% [2] - The penetration rate of new energy vehicles is expected to reach 56.7%, indicating a deeper level of electrification in the market [2] - Tesla's launch of the six-seat SUV Model Y at a starting price of 339,000 yuan further enhances its product lineup [2] Group 4: Battery Technology Trends - The upgrade and iteration of battery technology are seen as core drivers of expanding terminal demand, with solid-state batteries emerging as a promising next-generation technology due to their high energy density and safety [3] - As battery technology matures and the supply chain improves, new solid-state products are expected to be released, accelerating the industrialization process [3] Group 5: Semiconductor Sector Insights - The semiconductor sector is experiencing a pullback, with global capacity expansion and market share concentrating among leading firms [4] - The demand for wafer foundry services is expected to rise due to the growth of AI and automotive electronics, with advanced processes and specialty technologies anticipated to maintain growth in the coming years [4][5] Group 6: ETF Issuance and Market Sentiment - A new wave of ETF fundraising is set to begin, focusing on sectors such as biotechnology, software, and robotics, indicating a competitive landscape in the tech sector [8][12] - Multiple brokerages express optimism about the tech sector's future, highlighting AI trends and domestic substitution as key drivers [13]

Core Viewpoint - The A-share market is experiencing a significant rally, driven by improved market confidence, active capital flow, heightened investor risk appetite, and a booming industrial sector, particularly in technology and innovation [1][3][4]. Group 1: Market Drivers - Policy improvements have bolstered capital market confidence and catalyzed economic recovery, with GDP growth of 5.3% year-on-year in the first half of 2025, surpassing the annual target [1]. - The capital market is seeing sustained activity, with margin trading balances reaching a near 10-year high and daily trading volumes exceeding 2 trillion yuan, attracting foreign investment due to lower valuations of Chinese assets amid a U.S. interest rate cut cycle [1]. - Investor risk appetite has significantly increased due to policy catalysts and expectations of economic recovery [3]. Group 2: Investment Opportunities - ETFs are highlighted as effective tools for navigating the current market, addressing stock selection challenges and lowering investment thresholds, with many ETFs priced around 1 yuan per unit, making them accessible [5][6]. - The securities sector is poised for growth, supported by active trading, new business ventures by Chinese brokerages, and strong financial policies, making securities ETFs a focal point for investment [7]. - The semiconductor sector shows robust recovery, with a projected net profit growth of 104% for 2025, driven by AI advancements and domestic substitution trends [7]. - The cloud computing sector is positioned to benefit from the increasing demand for computing power, with ETFs capturing both domestic and Hong Kong market opportunities [7]. - The robotics sector is experiencing rapid development, with various products and themes emerging, presenting investment opportunities in robotics ETFs [7]. - Traditional energy and new energy sectors are also highlighted, with ETFs focusing on industrial metals and renewable energy benefiting from favorable policies and market demand [7][8]. Group 3: Consumer and Technology Focus - The consumer sector is gaining traction, with significant inflows into consumer ETFs, reflecting a strong emphasis on domestic consumption [8]. - The TMT (Technology, Media, and Telecommunications) sectors are expected to thrive under supportive policies and market conditions, with ETFs focusing on technology innovation and growth [9].

Core Viewpoint - The overseas market's risk appetite has significantly rebounded, with the Hong Kong stock market outperforming the A-share market, as evidenced by the 2.1% increase in the Meijing Brand 100 Index this week, marking a continuous rebound [1][2]. Market Performance - Both A-share and Hong Kong markets experienced consecutive rebounds, with the Meijing Brand 100 Index rising 2.1% to close at 1053.29 points [2]. - Notable performers in the Meijing Brand 100 Index include Xiaomi Group and Pinduoduo, which saw weekly increases of 13.71% and 11.02%, respectively. Other companies like Lenovo Group, Alibaba, and Baidu also recorded gains exceeding 5% [2][3]. Market Capitalization Growth - Major companies such as Tencent, Xiaomi, and Alibaba saw significant market capitalization growth this week, with increases of 185.9 billion yuan, 149 billion yuan, and 131.8 billion yuan, respectively. Meanwhile, companies like BYD, CATL, and Agricultural Bank of China experienced market cap growth around 50 billion yuan [4]. Earnings Reports - The earnings season is nearing its end, with 61% of the 84 component stocks in the Meijing Brand 100 Index reporting revenue growth in 2024. Additionally, 20 stocks reported net profit growth exceeding 20% [5]. - Xiaomi Group reported a total revenue of 365.9 billion yuan for 2024, a 35% year-on-year increase, and a net profit of 27.2 billion yuan, up 41.3%. The fourth quarter of 2024 marked a record-breaking revenue of 109 billion yuan, a 48.8% increase year-on-year [5]. - Geely Automobile reported a revenue of 240.19 billion yuan for 2024, a 34% increase, and a net profit of 16.63 billion yuan, a remarkable 213% increase [6]. Continued Growth in 2025 - BYD's first-quarter report for 2025 showed a net profit of 9.155 billion yuan, a 100.38% year-on-year increase, with significant growth in overseas electric vehicle sales [7]. Investment Opportunities in New Energy Vehicles - The strong performance of companies like Xiaomi, Geely, and BYD highlights the investment value in the new energy vehicle industry. The New Energy Vehicle ETF saw a nearly 4% increase this week, tracking companies involved in lithium batteries, charging stations, and new energy vehicles [8]. Index Composition - The CSI New Energy Vehicle Index primarily covers the upstream and downstream industries of new energy vehicles, with a high concentration of large-cap stocks and a focus on innovation-driven companies [11]. - The index includes major stocks such as BYD, CATL, and others, reflecting the overall performance of leading companies in the new energy vehicle sector [10].