兴业证券认为，本轮市场正在经历一轮"健康牛"。本轮行情的持续性，一方面固然源于"健康牛"中良好 的持股体验和赚钱效应持续吸引增量资金入市，但更重要的则是得益于本轮市场健康的结构特征，能够 让已入市的资金源源不断地找到可交易的机会。兴业证券曾概括本轮"健康牛"的结构特征：指数在科技 成长主线的引领下持续创新高，因此市场并没有整体过热，多数行业拥挤度仍在中等区间，并且仍有一 些板块处在拥挤度较低的位置。 （文章来源：每日经济新闻） 2025年8月25日，A股三大指数全线走强，碳中和ETF（159790）上涨2.1%，成交额超5300万同类第 一。 ...

Group 1 - A-shares indices opened higher, with sectors like pharmaceuticals, defense, and solid-state batteries leading the gains, while home appliances, real estate, and food & beverage sectors weakened [1] - The China Securities Index for the New Energy ETF Huaxia (159368) rose by 1.24%, with constituent stocks such as Mannesmann and Xian Dao Intelligent increasing over 5% [1] - Recent breakthroughs in solid-state battery research revealed the soft-short circuit to hard-short circuit transition mechanism at the nanoscale, which could accelerate the adoption of solid-state batteries over traditional lithium batteries [1] Group 2 - The New Energy ETF Huaxia (159368) is the only ETF tracking the New Energy Index in the market, covering solar, wind, biomass, nuclear energy, and components of the new energy vehicle industry [2] - The management fee for the New Energy ETF Huaxia (159368) is 0.15%, with a custody fee of 0.05%, totaling a low cost of 0.2%, making it accessible for investors [2] - The Carbon Neutrality ETF (159790) is the largest fund in the market focused on carbon neutrality themes, tracking the low-carbon economy index and benefiting from national carbon peak and neutrality goals [2]