● 本报记者王宇露 8月5日，港股创新药板块再度爆发。全市场涨幅前十的ETF中，9只为港股创新药相关ETF。市场交投 显著活跃，短融ETF(511360)成交额突破200亿元，另外有8只ETF成交额突破百亿元。资金流向方面，8 月4日全市场ETF共获37.72亿元资金净流入。展望后市，机构表示，在政策面与资金面的共振背景下， 市场有望维持震荡向上格局。 港股创新药板块再度爆发 8月5日，A股三大指数继续上涨，沪指收盘再度站上3600点。板块方面，银行、通信、钢铁等板块领 涨。 港股创新药板块再度爆发，港股创新药ETF(513120)收涨3.17%，涨幅在全市场ETF中居首位。全市场涨 幅前十的ETF中，9只为港股创新药相关ETF。 银华基金表示，当前多因素利好创新药发展。首先，销售费用等成本持续下降，有助于创新药企利润提 升。其次，创新药获批数量大幅增加。据国家药监局数据显示，上半年共批准创新药43项，同比增长 59%，接近2024年48项的全年总量。创新药获批上市意味着能够更快地进入市场，不仅提高了患者的用 药可及性，也为药企带来了收入增长机会。此外，出海交易量攀升，全年规模增速或达到新高水平，中 国的创新 ...

Core Insights - On June 4, 2025, a total of 295 ETF funds experienced net buying from major funds, while 181 ETF funds faced net selling [1] - The top five ETFs with net buying exceeding 100 million yuan included Credit Bond ETF Bosera, Credit Bond ETF, 5-Year Local Government Bond ETF, National Debt ETF, and Corporate Bond ETF E Fund, with net purchases of 2.003 billion yuan, 1.927 billion yuan, 1.566 billion yuan, 1.342 billion yuan, and 649 million yuan respectively [1][3] - Among stock ETFs, 71 funds saw net buying over 10 million yuan, with the A500 Index ETF, Hong Kong Securities ETF, Securities ETF, Sci-Tech Innovation 50 ETF, and Hong Kong Stock Connect Innovative Drug ETF leading with net purchases of 419 million yuan, 316 million yuan, 198 million yuan, 190 million yuan, and 164 million yuan respectively [3][5] Net Buying and Selling Trends - A total of 197 ETFs have seen continuous net buying recently, with the top performers being Hong Kong Non-Bank ETF (13 days), Entrepreneurial Large Cap ETF (12 days), and others [9][11] - The Credit Bond ETF has received significant net buying, totaling 7.650 billion yuan over the past five days, indicating strong interest from major funds [16][18] - Conversely, 53 ETFs experienced net selling exceeding 10 million yuan, with Silver Hua Daily ETF, Huabao Tianyi ETF, and others leading in net selling amounts [5][7] Recent Performance - Over the past five days, 65 ETFs have accumulated net buying exceeding 100 million yuan, with the Credit Bond ETF leading at 7.649 billion yuan [18] - In the same period, 9 ETFs faced net selling over 100 million yuan, with Silver Hua Daily ETF leading at 4.028 billion yuan [20][22] - Continuous net selling has been observed in 76 ETFs, with the Red Dividend Low Volatility 50 ETF leading at 3.692 billion yuan over 14 days [15][16]