Market Overview - The Shanghai Composite Index rose 0.52% to close at 3882.78, the Shenzhen Component Index rose 0.35% to close at 13526.51, and the ChiNext Index remained unchanged at 3238.16. The total trading volume of A-shares in the two markets was 2.1976 trillion yuan. The top-performing sectors were non-ferrous metals (3.22%), national defense and military industry (2.59%), and real estate (2.12%), while the worst-performing sectors were communications (-1.83%), non-bank finance (-1.14%), and comprehensive (-1.06%) [2][6]. Stock ETF - The top-traded stock ETFs today were Huaxia CSI A500 ETF, which rose 0.77% with a discount rate of 0.80%; Huaxia Shanghai Stock Exchange Science and Technology Innovation Board 50 ETF, which rose 1.75% with a discount rate of 1.70%; and Guotai CSI A500 ETF, which rose 0.59% with a discount rate of 0.71% [3][7]. Bond ETF - The top-traded bond ETFs today were Haifutong CSI Short-term Financing Bond ETF, which rose 0.05% with a discount rate of 0.04%; Guotai CSI AAA Science and Technology Innovation Corporate Bond ETF, which rose 0.05% with a discount rate of 0.04%; and Huatianfu CSI AAA Science and Technology Innovation Bond ETF, which rose 0.03% with a discount rate of -0.01% [4][9]. Gold ETF - Today, the price of gold AU9999 rose 1.04%, and the price of Shanghai Gold rose 1.16%. The top-traded gold ETFs were Huaan Gold ETF, which rose 0.97% with a discount rate of 0.98%; Boshi Gold ETF, which rose 1.26% with a discount rate of 1.27%; and E Fund Gold ETF, which rose 1.23% with a discount rate of 1.20% [12]. Commodity Futures ETF - Today, Dacheng Non-ferrous Metals Futures ETF rose 0.40% with a discount rate of 0.66%; Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 1.08% with a discount rate of -1.13%; and Huaxia Feed Soybean Meal Futures ETF remained unchanged with a discount rate of 2.75% [13]. Cross-border ETF - The previous trading day, the Dow Jones Industrial Average rose 0.15%, the Nasdaq Composite rose 0.48%, the S&P 500 rose 0.26%, and the German DAX rose 0.02%. Today, the Hang Seng Index rose 0.87%, and the Hang Seng China Enterprises Index rose 1.07%. The top-traded cross-border ETFs today were E Fund CSI Hong Kong Securities Investment Theme ETF, which rose 1.35% with a discount rate of 0.67%; GF CSI Hong Kong Innovative Drugs ETF, which rose 2.89% with a discount rate of 2.86%; and Huatai-PineBridge Hang Seng Technology ETF, which rose 2.02% with a discount rate of 2.22% [15]. Money Market ETF - The top-traded money market ETFs today were Yin Hua Day Profit ETF, Huabao Tianyi ETF, and Jianxin Tianyi Money Market ETF [17].

2025年9月24日，银华日利ETF（511880.SH）收跌0.02%，主力资金（单笔成交额100万元以上）净流出 14.31亿元，居全市场第一。 与此同时，该基金最新成交量为1.58亿份，最新成交额达159.55亿元，当日主力资金净流出成交额占比 达8.97%。 ...

Report Summary 1. Market Overview - A-share market: Shanghai Composite Index fell 0.18% to 3821.83 points, Shenzhen Component Index dropped 0.29% to 13119.82 points, and ChiNext Index rose 0.21% to 3114.55 points. The total trading volume of A-shares was 2518.8 billion yuan [2][6]. - Industry performance: Top gainers were banking (1.52%), coal (1.11%), and power equipment (0.43%); top losers were social services (-3.11%), commerce and retail (-2.90%), and computer (-2.39%) [2][6]. 2. Stock ETFs - Top trading volume: E Fund ChiNext ETF rose 0.36% with a premium rate of 0.33%; Huaxia SSE STAR 50 ETF fell 0.27% with a premium rate of -0.28%; Harvest SSE STAR Market Chip ETF rose 0.42% with a premium rate of 0.51% [3][7]. 3. Bond ETFs - Top trading volume: Haifutong CSI Short - Term Financing Bond ETF had a 0.00% change with a premium rate of -0.01%; Bosera CSI Convertible and Exchangeable Bond ETF fell 0.22% with a premium rate of -0.27%; E Fund CSI AAA Sci - tech Innovation Corporate Bond ETF fell 0.04% with a premium rate of -0.11% [4][9]. 4. Gold ETFs - Gold prices: AU9999 rose 1.33% and Shanghai Gold rose 1.11%. Top trading volume: Huaan Gold ETF rose 1.18% with a premium rate of 1.34%; Bosera Gold ETF rose 1.17% with a premium rate of 1.35%; E Fund Gold ETF rose 1.13% with a premium rate of 1.30% [12]. 5. Commodity Futures ETFs - Performance: ChinaAMC Feed Soybean Meal Futures ETF fell 2.17% with a premium rate of -0.19%; Dacheng Non - Ferrous Metals Futures ETF fell 0.41% with a premium rate of -0.29%; Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 0.31% with a premium rate of -0.81% [15]. 6. Cross - border ETFs - Index performance: Previous day, Dow Jones Industrial Average rose 0.14%, NASDAQ rose 0.70%, S&P 500 rose 0.44%, and German DAX fell 0.48%. Today, Hang Seng Index fell 0.70% and Hang Seng China Enterprises Index fell 0.86%. Top trading volume: E Fund CSI Hong Kong Securities Investment Theme ETF fell 2.96% with a premium rate of -3.20%; Huatai - Peregrine Hang Seng Tech ETF fell 1.80% with a premium rate of -1.68%; Huaxia Hang Seng Tech ETF fell 1.77% with a premium rate of -1.45% [17]. 7. Money ETFs - Top trading volume: Yin Hua Day - to - Day Profit ETF, Hua Bao Tian Yi ETF, and Jianxin Tian Yi Money ETF [19].

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]

Market Overview - The Shanghai Composite Index rose 1.65% to close at 3875.31 points, the Shenzhen Component Index rose 3.36% to close at 12979.89 points, and the ChiNext Index rose 5.15% to close at 3053.75 points. The total trading volume of A-shares in the two markets was 2464.9 billion yuan. The top-performing sectors were communications (7.39%), electronics (5.96%), and computer (3.71%) [2][6] Stock ETF - The top-traded stock ETFs were E Fund ChiNext ETF (up 5.22% with a discount rate of 5.07%), Huaxia SSE STAR 50 ETF (up 5.45% with a discount rate of 5.18%), and Guotai CSI All-Securities Company ETF (up 3.13% with a discount rate of 3.21%) [3][7] Bond ETF - The top-traded bond ETFs were Haifutong CSI Short-Term Commercial Paper ETF (up 0.01% with a discount rate of -0.01%), Bosera CSI Convertible and Exchangeable Bond ETF (up 1.36% with a discount rate of 1.17%), and Penghang ChinaBond 30-Year Treasury Bond ETF (down 0.25% with a discount rate of -0.05%) [4][9] Gold ETF - Gold AU9999 fell 0.39% and Shanghai Gold fell 0.25%. The top-traded gold ETFs were Huaan Gold ETF (down 0.30% with a discount rate of -0.26%), Bosera Gold ETF (down 0.30% with a discount rate of -0.26%), and E Fund Gold ETF (down 0.33% with a discount rate of -0.26%) [12] Commodity Futures ETF - Dacheng Nonferrous Metals Futures ETF rose 0.29% with a discount rate of 0.52%, Huaxia Feed Soybean Meal Futures ETF rose 0.10% with a discount rate of 1.92%, and Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 0.23% with a discount rate of -0.11% [13] Cross-Border ETF - The Dow Jones Industrial Average fell 0.48%, the Nasdaq Composite rose 0.03%, the S&P 500 rose 0.30%, and the German DAX fell 0.36% the previous day. The Hang Seng Index fell 0.43% and the Hang Seng China Enterprises Index fell 0.73% today. The top-traded cross-border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (up 0.91% with a discount rate of 1.39%), GF CSI Hong Kong Innovative Drug ETF (down 2.25% with a discount rate of -1.46%), and Huitianfu China Securities Hong Kong Stock Connect Innovative Drug ETF (down 1.48% with a discount rate of -1.10%) [15] Money ETF - The top-traded money ETFs were Yin Hua Day Profit ETF, Hua Bao Add Benefit ETF, and Money ETF Jianxin Add Benefit [17]

Market Overview - A-shares continued a strong trend with major indices fluctuating, with the Shanghai Composite Index stabilizing around 3800 points, and the ChiNext and STAR Market indices leading the market, indicating active momentum in new growth styles [1] - The two-in-one balance approached historical peaks, reflecting strong investor confidence and enthusiasm, with major indices showing an overall increase: Shanghai Composite Index down 1.18%, Shenzhen Component Index down 0.83%, and ChiNext Index up 2.35% [1] - The average ETF market performance showed a decline of 0.75%, while commodity ETFs performed strongly with a gain of 3.14% [1] ETF Performance - Solid-state battery concepts surged, with battery-related ETFs dominating the top gainers, including the Lithium Battery ETF (561160) rising over 15% [2] - The successful launch of the all-solid-state battery "Longquan No. 2" by Yiwei Lithium Energy, with an energy density of 300Wh/kg, and significant order increases for solid-state battery production equipment were reported [2][3] Industry Insights - Solid-state batteries are expected to become a key development direction in high-performance batteries due to their high safety and energy density, with a broad market space in electric vehicles and consumer batteries [3] - The half-solid-state battery has entered the mainstream price range, with expectations for full solid-state battery mass production by 2027, driven by national policies [3] Fund Trends - The ETF market saw a significant net inflow of 442.90 billion yuan, with strong buying interest in stock (thematic) ETFs, which attracted 154.70 billion yuan [6] - Defensive ETFs received concentrated inflows, with significant investments in bond, chemical, and gold ETFs, indicating a shift in investor sentiment [8] Trading Volume - The Short-term Bond ETF (511360) achieved a weekly trading volume exceeding 1710.12 billion yuan, leading the trading volume rankings [9] Upcoming ETF Listings - Two new ETFs are set to launch next week, including the Huatai-PineBridge CSI Financial Technology Theme ETF (159103), which tracks companies in the financial technology sector, and the Dacheng ChiNext 50 ETF (159298), focusing on large-cap, liquid companies in the technology and emerging industries [10]

Market Performance - The A-share market saw a significant increase, with the Shanghai Composite Index rising by 1.24%, the Shenzhen Component Index by 3.89%, and the ChiNext Index by 6.55% on September 5, 2025, with a total trading volume of 230.47 billion yuan [1] ETF Performance - The top-performing ETFs included the ChiNext New Energy ETF from Guotai, which increased by 10.98%, followed closely by other new energy ETFs, all showing gains exceeding 10% [1] - The banking sector experienced a decline, with several bank ETFs showing negative performance, such as the 30-Year Treasury ETF from Bosera, which fell by 1.04% [3] Renewable Energy Sector - From January to July 2025, China's renewable energy installed capacity increased by 283 million kilowatts, reaching a total of 2.171 billion kilowatts, accounting for nearly 60% of the national total [2] - The domestic energy storage industry is nearing the end of price competition, with prices for storage batteries beginning to rise, indicating a shift towards market-driven demand [2] ETF Trading Activity - The Short-term Bond ETF had the highest trading volume at 30.739 billion yuan, followed by the Silver Huayi Daily ETF and Convertible Bond ETF [4] - The turnover rate for the South Korea Semiconductor ETF was the highest at 297.5%, indicating strong trading activity [5] Upcoming ETF Products - Two new ETFs, the Agricultural and Fishery ETF and the Sci-Tech 200 ETF, are set to begin fundraising on September 8, 2025, tracking the CSI Agricultural and Fishery Index and the SSE Sci-Tech 200 Index, respectively [6][7] - The ChiNext 50 ETF is scheduled to be listed on September 8, 2025, closely tracking the ChiNext 50 Index, appealing to investors interested in long-term capital appreciation in the technology sector [7]

Group 1 - The core viewpoint of the article highlights the strong performance of energy storage battery and new energy-related ETFs, with several ETFs rising over 4% [1][3] - On September 3, the A-share market experienced fluctuations, with sectors such as photovoltaic equipment and precious metals showing significant gains [3] - The top-performing ETFs included the Energy Storage Battery ETF Guangfa (159305) with a rise of 4.55%, Energy Storage Battery ETF (159566) up by 4.45%, and Battery ETF (561910) increasing by 4.01% [4] Group 2 - Money market and bond ETFs saw active trading, with the Short-term Bond ETF (511360) achieving a transaction volume exceeding 37 billion yuan [2][5] - As of September 2, the total net inflow of funds into all ETFs reached 30.462 billion yuan, with significant inflows into industry ETFs such as communication and chemicals [2][7] - The Silver Hua Daily ETF (511880) received a net inflow of 5.792 billion yuan, while the Short-term Bond ETF (511360) saw a net inflow of 3.701 billion yuan [7][8] Group 3 - The market is expected to experience a phase of consolidation, with previous trading overheating and structural risks gradually being released [9] - The current market environment is characterized by economic recovery and supportive policies, suggesting a low probability of trend adjustments [9] - The Dachen Entrepreneurial Board 50 ETF is set to be listed on September 8, indicating ongoing developments in the ETF market [10]

Market Overview - The Shanghai Composite Index fell 1.16% to close at 3813.56 points, the Shenzhen Component Index fell 0.65% to close at 12472.00 points, and the ChiNext Index rose 0.95% to close at 2899.37 points. The trading volume of A-shares in the two markets was 2396.1 billion yuan. The top-performing sectors were comprehensive (1.64%), communication (1.61%), and power equipment (1.44%), while the bottom-performing sectors were national defense and military industry (-5.83%), non-bank finance (-3.05%), and computer (-2.71%) [2][6]. Stock ETF - The top three stock ETFs by trading volume were E Fund ChiNext ETF (up 0.77% with a discount rate of 0.81%), Huaxia SSE STAR Market 50 ETF (down 2.08% with a discount rate of -2.19%), and Guotai CSI All-Share Securities Company ETF (down 3.55% with a discount rate of -3.63%) [3][7]. Bond ETF - The top three bond ETFs by trading volume were Haifutong CSI Short-term Financing Bond ETF (up 0.00% with a discount rate of 0.01%), Boshi CSI Convertible Bond and Exchangeable Bond ETF (up 0.13% with a discount rate of 0.08%), and Fullgoal China Bond 7-10 Year Policy Financial Bond ETF (up 0.14% with a discount rate of 0.06%) [4][9]. Gold ETF - Gold AU9999 rose 1.13% and Shanghai Gold rose 1.35%. The top three gold ETFs by trading volume were Huaan Gold ETF (up 1.28% with a discount rate of 1.41%), E Fund Gold ETF (up 1.24% with a discount rate of 1.33%), and Boshi Gold ETF (up 1.31% with a discount rate of 1.41%) [12]. Commodity Futures ETF - Huaxia Feed Soybean Meal Futures ETF rose 1.15% with a discount rate of 2.71%, Dacheng Nonferrous Metals Futures ETF rose 0.06% with a discount rate of -0.06%, and Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 0.15% with a discount rate of -0.43% [13]. Cross-Border ETF - The previous trading day, the Dow Jones Industrial Average fell 0.55%, the Nasdaq Composite fell 0.82%, the S&P 500 fell 0.69%, and the German DAX fell 2.29%. Today, the Hang Seng Index fell 0.60% and the Hang Seng China Enterprises Index fell 0.64%. The top three cross-border ETFs by trading volume were E Fund CSI Hong Kong Securities Investment Theme ETF (down 2.79% with a discount rate of -2.50%), GF CSI Hong Kong Innovative Drug ETF (up 1.23% with a discount rate of 1.26%), and Huatai-PineBridge Hang Seng Tech ETF (down 1.18% with a discount rate of -0.78%) [15]. Money Market ETF - The top three money market ETFs by trading volume were Yin Hua Day Profit ETF, Hua Bao Add Benefit ETF, and Money Market ETF Jianxin Add Benefit [17].

Group 1 - The New Energy Vehicle Battery ETF (159775) experienced a strong surge, reaching a limit-up with a closing premium rate of 11.24% on September 1 [1][2] - The market showed active trading with the Short-term Bond ETF (511360) achieving a transaction volume exceeding 360 billion yuan, marking it as the highest in the market [1][5] - Several gold-related ETFs saw significant gains, with multiple ETFs rising over 8%, indicating strong investor interest in the gold sector [2][3] Group 2 - The Short-term Bond ETF (511360) recorded a transaction volume of 361.03 billion yuan and a turnover rate of 63.56% on September 1, leading the market [6] - Over the past week, the entire ETF market saw a net inflow of 455.28 billion yuan, with the Convertible Bond ETF (511380) attracting over 60 billion yuan [7][8] - Investment strategies suggested by fund managers include focusing on sectors with industrial trends or policy logic, particularly in technology, non-bank financials, and new consumption [9] Group 3 - Several ETFs, including the China Concept Internet ETF (513050) and the NASDAQ 100 ETF (513390), issued risk warnings regarding premium prices, advising investors to be cautious [10]