Market Overview - The oil prices surged significantly during the week of September 22 to September 26, 2025, while domestic equity market indices generally rose, and Hong Kong stocks experienced a pullback [4] - In terms of industry performance, the power equipment, non-ferrous metals, and electronics sectors saw the highest gains, whereas social services, comprehensive, and retail sectors faced the largest declines [4] Fund Issuance - A total of 61 new funds were established this week, with a combined issuance of 36.607 billion units. This includes 30 equity funds, 7 bond funds, 17 mixed funds, 1 international (QDII) fund, and 6 FOF funds [5] Fund Performance Tracking - Long-term thematic fund indices showed that new energy and TMT (Technology, Media, and Telecommunications) themed funds had the best net value growth, while pharmaceutical themed funds continued to decline. The weekly performance for various thematic funds as of September 26, 2025, was as follows: new energy (3.67%), TMT (2.29%), cyclical (1.90%), industry balanced (0.83%), industry rotation (0.56%), national defense and military industry (0.56%), financial real estate (-0.45%), consumption (-1.33%), and pharmaceuticals (-1.59%) [6] ETF Market Tracking - Domestic stock ETFs experienced significant net inflows, with passive funds primarily increasing their positions in TMT themes and large-cap broad-based ETFs, while reducing positions in the Sci-Tech Innovation Board and small-cap broad-based ETFs. The median return for stock ETFs was 1.00%, with a net inflow of 23.402 billion yuan. Hong Kong stock ETFs had a median return of -1.90% and a net inflow of 8.395 billion yuan [7] Fund Position Monitoring - The estimated position of actively managed equity funds decreased by 0.22 percentage points compared to the previous week. In terms of industry allocation, funds increased their positions in electronics, media, and environmental protection sectors, while reducing holdings in telecommunications, pharmaceuticals, and automotive sectors [9] ESG Financial Products Tracking - This week, 23 new green bonds were issued, with a total issuance scale of 30.974 billion yuan. The domestic green bond market has steadily developed, with a cumulative issuance scale of 4.85 trillion yuan and a total of 4,175 bonds issued as of September 26, 2025. The median net value growth for ESG funds was 1.37% for actively managed equity funds, 1.03% for passive index equity funds, and -0.14% for bond funds [10]

Market Performance Overview - The oil index experienced a significant increase, while the domestic equity market continued its upward trend, with the ChiNext Index rising by 2.36%. In contrast, US stocks saw a slight pullback [2] - Most of the Shenwan first-level industries rose, with real estate, steel, and non-bank financial sectors leading the gains, while coal, banking, automotive, and household appliances sectors declined [2] Fund Product Issuance - The domestic new fund market showed overall improvement, with 35 new funds established, totaling 24.909 billion units issued. This included 14 bond funds, 13 equity funds, 1 REIT, 2 FOFs, and 5 mixed funds [3] Fund Product Performance Tracking - Except for consumer-themed funds, most thematic funds continued to rise, with new energy and financial real estate funds performing relatively well. As of July 11, 2025, the respective performance of various thematic funds was as follows: new energy (1.62%), financial real estate (1.39%), TMT (1.32%), and others [4] Passive Index Fund Performance - The median net value change for passive equity index funds was 1.2%, with strong performances from themes such as Hong Kong securities, rare earths, and financial technology [5] ETF Market Tracking - Domestic equity ETFs saw a reversal in fund flows, primarily moving towards small-cap, sci-tech board, and industry ETFs. The median return for equity ETFs was 1.19%, with a net inflow of 899 million yuan. Hong Kong ETFs also saw a net inflow of 4.848 billion yuan [6] Fund Position Monitoring - The estimated position of actively managed equity funds decreased by 0.11 percentage points compared to the previous week. Increased allocations were observed in telecommunications, automotive, and public utilities, while reductions were noted in non-ferrous metals, food and beverage, and pharmaceutical sectors [7] ESG Financial Product Tracking - A total of 29 new green bonds were issued this week, with a cumulative issuance scale of 32.475 billion yuan. The domestic green bond market has steadily developed, with a total issuance scale of 4.66 trillion yuan and 3,983 bonds issued as of July 11, 2025 [8] ESG Fund Performance - The median net value change for actively managed equity, passive index equity, and bond ESG funds was 0.98%, 1.03%, and -0.05%, respectively. As of July 11, 2025, there were 213 existing ESG funds in the domestic market, with a total scale of 135.564 billion yuan [9]