ETF Industry News Summary Group 1: Market Performance - The three major indices in the market rose collectively, with the Shanghai Composite Index increasing by 0.22% to close at 3828.58 points, the Shenzhen Component Index rising by 0.67% to 13157.97 points, and the ChiNext Index up by 0.55% to 3107.89 points [1][4]. - The electronic sector saw significant gains, with several ETFs in this category experiencing notable increases, such as the Consumer Electronics ETF (561100.SH) rising by 5.84%, the Sci-Tech Chip Design ETF (588780.SH) increasing by 5.75%, and the Electronic ETF (515260.SH) up by 5.34% [1][11]. Group 2: ETF Market Trends - The ETF market is witnessing a continuous influx of new capital, with the recent addition of new members to the "100 Billion Club," including the E Fund National Robot Industry ETF and the Yongying CSI Hong Kong Gold Industry Stock ETF [2]. - There is a noticeable slowdown in the building strategies for popular thematic ETFs, attributed to the high price levels of related stocks. For instance, the South Fund National Hong Kong Stock Connect Innovative Drug ETF had only about 13% stock holdings a week before its launch [3]. Group 3: Sector Performance - In terms of sector performance, the electronic, computer, and non-ferrous metal sectors ranked highest today, with daily increases of 3.71%, 1.7%, and 0.98%, respectively. Conversely, the social services, beauty care, and retail sectors saw declines of -2.04%, -1.36%, and -1.31% [8]. - Over the past five trading days, the electronic, mechanical equipment, and communication sectors have also performed well, with increases of 6.82%, 3.09%, and 2.45%, while the agriculture, banking, and beauty care sectors lagged behind with declines of -5.31%, -4.35%, and -3.69% [8]. Group 4: ETF Categories and Performance - Among different categories of ETFs, commodity ETFs performed the best today with an average increase of 1.52%, while stock strategy index ETFs had the worst performance with an average decline of -0.79% [9]. - The top-performing ETFs today included the Consumer Electronics ETF (561100.SH), Sci-Tech Chip Design ETF (588780.SH), and Electronic ETF (515260.SH), with daily returns of 5.84%, 5.75%, and 5.34%, respectively [11][12]. Group 5: Trading Volume - The trading volume for ETFs showed that the top three stock ETFs by trading volume were the Sci-Tech 50 ETF (588000.SH) with a volume of 6.202 billion, the Sci-Tech Chip ETF (588200.SH) at 5.109 billion, and the A500 ETF (512050.SH) at 4.752 billion [14].

来源：上海证券报·中国证券网 上证报中国证券网讯 9月22日，ETF午间收盘涨跌不一，消费电子50ETF(159779)涨4.45%，科创芯片设 计ETF(588780)涨4.25%，消费电子ETF富国(561100)涨4.15%，影视ETF(516620)跌2.41%，影视 ETF(159855)跌2.4%，游戏ETF(516010)跌2.12%。 ...

Market Overview - The A-share market exhibited a fluctuating upward trend from September 8 to September 12, with chip and semiconductor-related ETFs leading the gains, two of which rose over 10% [1][2] - A total of 1,095 ETFs in the market achieved positive returns during the same period, with over 80% of products showing positive performance [2] ETF Performance - The lithium battery ETF (561160) recorded the highest increase of 17.74% since the beginning of September, along with four other battery-related ETFs that saw approximately 17% growth [1][2] - The semiconductor ETFs, particularly the China-Korea Semiconductor ETF, had the highest weekly increase of 10.41%, while several other related ETFs exceeded 8% [2] Fund Flows - The overall ETF market experienced a net inflow of 6.946 billion yuan from September 8 to September 12, with stock-type ETFs being the main contributors to this inflow [3] - The top ten ETFs by net inflow were all stock-type ETFs, with significant contributions from two Hong Kong-related ETFs, each exceeding 3.5 billion yuan in net inflow [3] New Fund Issuance - There has been a noticeable acceleration in the issuance of new funds, with over ten new funds ending their fundraising early in September, some achieving over 1 billion yuan in initial fundraising [4][5] - Several funds, including the Huashang Hong Kong Stock Value Return Mixed Fund, sold out on the first day of issuance, indicating strong market demand [4][5] Market Sentiment - The early closure of multiple new funds is attributed to a market rebound and the fulfillment of fundraising expectations, with fund managers aiming to establish funds quickly to provide investment tools for investors [5] - The current trend shows a batch of funds with short fundraising periods, with many funds setting their fundraising periods to less than ten days [5]

Market Overview - The A-share market saw a broad increase last week, with major indices such as the Sci-Tech 50, Small and Medium-sized Board Index, and CSI 500 Index yielding returns of 5.48%, 3.66%, and 3.38% respectively, while the CSI 300, Shanghai Composite, and ChiNext Index lagged behind with returns of 1.38%, 1.52%, and 2.10% respectively [1] - In terms of trading volume, all major indices except for the Sci-Tech 50 experienced a decline in trading volume last week. The electronic, real estate, and agriculture sectors led in returns with 5.98%, 5.82%, and 4.52% respectively, while banking, comprehensive finance, and pharmaceuticals saw negative returns of -0.64%, -0.58%, and -0.28% respectively [1] Fund Flows - The ETF market experienced a slight net outflow of 1.716 billion yuan last week, with stock ETFs seeing a small net inflow of 2.296 billion yuan and cross-border stock ETFs netting 5.234 billion yuan. Conversely, bond ETFs had a net outflow of 2.86 billion yuan, and money market ETFs saw a net outflow of 8.614 billion yuan [2] - From an index perspective, the securities companies, Hong Kong Stock Connect Internet, and Hong Kong innovative drugs (CNY) saw net inflows of 6.143 billion yuan, 4.848 billion yuan, and 3.555 billion yuan respectively, while the Sci-Tech 50, money market funds, and CSI 300 experienced net outflows of 8.710 billion yuan, 8.614 billion yuan, and 4.224 billion yuan respectively [2][4] ETF Performance - The median weekly return for stock ETFs was 1.88%, with the median return for broad-based ETFs in the Sci-Tech sector reaching 4.03%, the highest among sectors. The median return for technology ETFs was 4.38%, also the highest [11] - Specific ETFs such as the China-Korea Semiconductor ETF, Sci-Tech Chip Design ETF, and Sci-Tech Chip ETF saw significant weekly gains of 10.41%, 10.14%, and 9.04% respectively [12][14] Fund Applications - A total of 46 funds were reported last week, indicating a decrease in the number of applications compared to the previous week. The products included 3 FOFs and 3 QDIIs, along with several thematic ETFs [19] Notable News - The Huashang Hong Kong Stock Connect Value Return Fund completed its fundraising on the first day of issuance, raising over 1 billion yuan with a subscription confirmation ratio of 32.95% [20] - E Fund launched the "Index Direct Train" mini-program, which aggregates all issued ETFs and off-market index funds, providing investors with a one-stop index investment service [21]

Core Insights - The report emphasizes a strategy based on sector rotation and thematic ETFs, suggesting a focus on sectors like chemical pharmaceuticals, semiconductors, and aerospace equipment for the upcoming week [2][3]. - The model portfolio has shown a cumulative net return of approximately 3.12% for the period from September 8 to September 12, 2025, outperforming the CSI 300 ETF by about 1.65% [4]. Sector Recommendations - The report recommends increasing holdings in the following ETFs: - Sci-Tech Chip Design ETF - Traditional Chinese Medicine ETF - Biomedicine ETF - Continued holdings are suggested for: - Pharmaceutical ETF - Aerospace ETF - Satellite ETF [3][12]. Performance Tracking - Since October 14, 2024, the strategy has achieved a cumulative return of approximately 25.17%, with an excess return of about 6.13% compared to the CSI 300 ETF [4]. - The average return of the ETF portfolio for the recent week was 3.12%, with a notable excess return of 1.65% over the CSI 300 ETF [13]. ETF Holdings and Signals - The report details specific ETFs and their respective weights, indicating a continued hold or adjustment based on market signals: - Pharmaceutical ETF (58.63% weight) - continue holding - Semiconductor ETF (96.38% weight) - newly added - Aerospace ETF (58.23% weight) - continue holding - Satellite ETF (32.59% weight) - continue holding [12][13]. Market Timing Signals - The timing signals for the ETFs are based on volume and price indicators, with values of 1 indicating bullish signals, 0 neutral, and -1 bearish [4].

Market Performance - The A-share market experienced a strong rebound this week, with the Shanghai Composite Index reaching a new high of 3892.74 points before closing at 3870.6 points, marking a weekly increase of 1.52% [1] - The STAR 50 Index surged by 5.48% this week, while the ChiNext Index rose by 2.1%, breaking through the 3000-point mark [1] ETF Highlights - Semiconductor and chip-related ETFs emerged as the biggest highlights of the week, with over 1200 non-money market ETFs showing a median weekly increase of nearly 2% [2] - The top-performing ETF was the China-Korea Semiconductor ETF, which saw a weekly increase of 10.41%, reaching a historical high [6] - The China-Korea Semiconductor ETF has recorded a cumulative increase of 45% year-to-date, with major holdings including SK Hynix, Samsung Electronics, and several Chinese tech firms [6] Weekly Performance Rankings - The following ETFs topped the weekly performance rankings: - China-Korea Semiconductor ETF: +10.41% [6] - STAR Chip Design ETF: +10.14% [3] - STAR Chip ETF: +9.04% [3] - STAR Chip 50 ETF: +8.81% [3] - Xinchuang ETF: +8.69% [3] - Other notable performers included various STAR Chip ETFs, all showing increases in the range of 8% to 10% [6] Decline in Innovation Drug ETFs - The Hong Kong innovation drug-related ETFs faced significant declines this week, primarily due to adverse news affecting the Chinese innovation drug sector [7] - The top decliners included: - Hong Kong Innovation Drug ETF: -3.33% [7] - Hong Kong Innovation Drug ETF (another variant): -3.33% [7] - Hang Seng Innovation Drug ETF: -3.17% [7] - Despite the recent downturn, the innovation drug sector remains one of the strongest segments among cross-border ETFs this year, with several products showing over 100% gains year-to-date [8] Future Outlook - Analysts at Founder Securities maintain a positive outlook on the innovation drug sector, suggesting that the long-term growth trend remains intact due to the potential for commercialization of Chinese innovations on the global stage [8]

ETF Industry News - The three major indices collectively declined, while several storage chip-related ETFs rose over 3% [1] - The Shanghai Composite Index fell by 0.12%, the Shenzhen Component Index by 0.43%, and the ChiNext Index by 1.09% [3] - Notable increases were seen in the Sci-Tech Chip Design ETF (588780.SH) at 3.86%, the Sci-Tech AI ETF (589010.SH) at 3.67%, and the AI ETF (588760.SH) at 3.43% [1] - The 5G communication sector saw declines, with the 5G Communication ETF (515050.SH) and 5GETF (159994.SZ) both down by 1.61% [1] ETF Total Scale Growth - The total scale of ETFs increased by 458.8 billion yuan in the past month, reaching 5.13 trillion yuan, marking a growth of nearly 10% [2] - The total number of ETF shares rose by 115.4 billion shares to 2.9 trillion shares, with 16 new products issued, bringing the total to 1,288 [2] - The financial sector saw the largest increase in shares, followed by the sub-sector of chemical industry and the Hong Kong Stock Connect internet index [2] Market Performance Overview - The overall performance of ETFs was mixed, with cross-border ETFs showing the best average performance at 0.40%, while industry index ETFs had the worst at -0.27% [8] - The top-performing ETFs included the Communication Equipment ETF (159583.SZ) with a gain of 6.46%, followed by the Sci-Tech Chip Design ETF (588780.SH) at 3.86% and the Sci-Tech AI ETF (589010.SH) at 3.67% [10][11] Trading Volume and Activity - The top three ETFs by trading volume were the ChiNext ETF (159915.SZ) at 6.394 billion yuan, the Sci-Tech 50 ETF (588000.SH) at 6.291 billion yuan, and the A500 ETF (512050.SH) at 5.124 billion yuan [13][15]

ETF上涨方面，通信设备ETF涨超6%，科创芯片、科创人工智能相关ETF涨超3%。 今日市场冲高回落，三大指数集体收跌。从板块来看，有色金属板块表现活跃，存储芯片板块逆势上涨，创新药概念股局部大涨。下跌方面，大金融、白酒 板块集体下跌。 每日经济新闻 有券商表示，目前AI在全球的产业趋势已经形成，有望成为牛市中科技板块的核心主线。国产算力为半导体板块带来新的宏大叙事和估值逻辑，同时，半 导体板块代表了我国工业制造的最高水平，有望成为A股优质资产重估的重要赛道。 有券商表示，随着下游实际应用不断落地，人工智能有望从概念、主题投资进入景气投资阶段。这一趋势的背后，是AI行业已从早期的概念验证阶段成功 迈入规模化应用阶段，市场的关注点也随之从"技术能否实现"转变为"企业能否盈利"，投资决策更加强调技术商业化的进度、企业的盈利能力以及整个行业 的景气度，人工智能赛道中盈利预期确定向上的标的具备良好投资价值。 | 代码 | 名称 | 现价 | | | --- | --- | --- | --- | | 159583.SZ | 通信设备ETF | 2.141 | 6.4 | | 588780.SH | 科创芯片设计ETF ...

Market Overview - The Shanghai Composite Index rose by 0.24% at midday, reaching a new high during the session, while the Shenzhen Composite Index fell by 0.52% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets was 1.6487 trillion yuan, an increase of 152.6 billion yuan compared to the previous day [1] - Over 3,000 stocks in the market experienced declines [1] Sector Performance - The non-ferrous metals sector made a strong comeback, with superhard materials and non-ferrous copper leading the gains [1] - Chip stocks remained active, with companies like Chip Origin Technology Co., Ltd. (芯原股份) resuming trading and hitting the daily limit, boosting the ASIC and storage chip concepts [1] - The solid-state battery concept saw a significant surge in the morning session [1] - The AI hardware sector began to show divergence, with PEEK materials, liquor, and financial stocks generally weakening [1] ETF Performance - In the ETF market, the AI hardware sector showed divergence, with the Fortune Fund Communication Equipment ETF rising by 7.11% [5] - The non-ferrous metals sector saw gains in ETFs, with the China Merchants Fund Mining ETF and the Guotai Junan Fund Mining ETF increasing by 3.89% and 3.03%, respectively [5] - The chip sector continued to be active, with the Guolian An Fund Sci-Tech Chip Design ETF and the GF Fund Artificial Intelligence ETF rising by 2.85% and 2.77%, respectively [5] - Internet stocks performed well, with the Wanji Fund Hang Seng Technology ETF and the Huaan Fund Hang Seng Internet ETF increasing by 2.84% and 2.56%, respectively [5] - The CPO sector experienced a pullback, with the Communication ETF and the Fortune Fund Entrepreneurial AI ETF declining by 2.26% and 1.95%, respectively [5] - The gaming sector weakened, with both the Gaming ETF and the Huatai-PB Gaming ETF dropping by 1.67% [5]

Market Performance - The three major A-share indices collectively rose in early trading, with the Shanghai Composite Index up by 0.33%, the Shenzhen Component Index up by 1.34%, and the ChiNext Index up by 2.41% [1] - The North Star 50 Index experienced a slight decline of 0.03% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 1.7463 trillion yuan, an increase of 46.9 billion yuan compared to the previous day [1] - Over 2,200 stocks in the market saw an increase [1] Sector Performance - The semiconductor, CPO, AI glasses, and liquid cooling server sectors led the gains in the AI industry chain [1] - Conversely, the white liquor, coal, and education sectors experienced the largest declines [1] ETF Performance - The AI industry chain ETFs saw significant gains, with Silver Hua Fund's Sci-Tech Board AI ETF rising by 7.66%, AI ETF from Fuguo up by 7.48%, and both Bosera Fund's Sci-Tech AI ETF and Huaxia's Sci-Tech AI ETF increasing by 7.42% and 7.36% respectively [5] - The chip sector also rebounded, with Guolianan Fund's Sci-Tech Chip Design ETF and Jiashi Fund's Sci-Tech Chip ETF rising by 6.74% and 5.77% respectively [5] - The innovative drug sector continued to decline, with the Hang Seng Innovative Drug ETF, Hong Kong Stock Connect Innovative Drug ETF, and ICBC's Hong Kong Stock Connect Innovative Drug ETF falling by 2.03%, 1.84%, and 1.83% respectively [5] - The white liquor sector saw a downturn, with the liquor ETF dropping by 1.59% [5] - The real estate sector also faced a decline, with the real estate ETF falling by 1.21% [5]