Core Viewpoint - The Hong Kong Stock Connect Internet ETF managed by Huatai-PineBridge has experienced a decline in both share price and total assets, indicating potential challenges in the market [1] Group 1: Fund Performance - The Hong Kong Stock Connect Internet ETF (159280) fell by 0.95% on October 9, with a trading volume of 20.7471 million yuan [1] - The fund's shares decreased by 2 million, bringing the total to 109 million shares, with a reduction of 57 million shares over the last 20 trading days [1] - The latest net asset value is calculated at 124 million yuan [1] Group 2: Benchmark and Management - The performance benchmark for the ETF is the National Index of Hong Kong Stock Connect Internet Index, adjusted for valuation exchange rates [1] - The fund is managed by Huatai-PineBridge Fund Management Co., Ltd., with the fund manager being Le Wuqiong [1] - Since its inception on August 6, 2025, the fund has returned 14.07%, with a one-month return of 6.89% [1]

Core Viewpoint - The Hong Kong Stock Connect Internet ETF managed by Huatai-PineBridge has experienced a slight increase in value, but has seen a significant reduction in shares over the past 20 trading days [1] Group 1: Fund Performance - The Hong Kong Stock Connect Internet ETF (159280) rose by 1.15% on September 29, with a trading volume of 20.8454 million yuan [1] - The fund's latest share count is 111 million, having decreased by 21 million shares on the same day and a total of 66 million shares over the last 20 trading days [1] - The latest net asset value of the fund is calculated at 126 million yuan [1] Group 2: Benchmark and Management - The performance benchmark for the fund is the National Index of Hong Kong Stock Connect Internet Index, adjusted for valuation exchange rates [1] - The fund is managed by Huatai-PineBridge Fund Management Co., Ltd., with the fund manager being Le Wuqiong [1] - Since its inception on August 6, 2025, the fund has achieved a return of 13.43%, with a one-month return of 10.64% [1]

Market Overview - A-shares continued to rise, with the Shanghai Composite Index and ChiNext Index reaching new highs for the year, closing up 0.62% and 0.61% respectively, while the Shenzhen Component Index rose 0.84% [1] - The trading volume in the Shanghai and Shenzhen markets approached 1.9 trillion, an increase of nearly 200 billion compared to the previous day [1] Sector Performance - The infrastructure and building materials sectors led the gains, with significant increases in various ETFs, including Coal ETF (8.25%), Building Materials ETF (7.91%), and Infrastructure ETF (6.99%) [2][3] - The Coal industry is highlighted as a high-dividend sector, with leading companies expected to attract continued investment due to stable cash flows and dividend capabilities [3] Policy Impact - The Ministry of Finance's recent notification is expected to enhance market preference for high-dividend assets, benefiting sectors like coal and infrastructure [3] - Financial institutions anticipate improvements in infrastructure projects in the second half of the year, supported by the launch of major projects and the issuance of special bonds [4] Gaming Sector - The gaming sector experienced a decline, with the National Press and Publication Administration issuing fewer import game licenses compared to the previous year, although domestic game approvals increased by 20.54% [5] ETF Activity - The short-term bond ETF recorded the highest trading volume at 21.2 billion, while the building materials ETF had the highest turnover rate at 253% [6] - A new Hong Kong Stock Connect Internet ETF is set to begin fundraising, focusing on major internet companies in Hong Kong [7]