Market Overview - The Shanghai Composite Index rose by 0.37% to close at 3897.03 points, with a weekly high of 3936.58 points. In contrast, the Shenzhen Component Index fell by 1.26% to 13355.42 points, reaching a high of 13806.69 points. The ChiNext Index experienced a decline of 3.86%, closing at 3113.26 points, with a peak of 3322.44 points. Globally, major indices mostly declined, with the Nasdaq down 2.53%, the Dow Jones down 2.73%, and the S&P 500 down 2.43%. In the Asia-Pacific region, the Hang Seng Index fell by 3.13%, while the Nikkei 225 rose by 5.07% [1]. ETF Market Performance 1. Overall Performance - The median weekly return for stock ETFs was -0.84%. Among different categories, the highest weekly return was from the Penghua CSI 800 Free Cash Flow ETF at 2.42%, followed by the Wanji CSI Industrial Nonferrous Metals Theme ETF at 6.21% [2]. 2. Top and Bottom Performers - The top five performing stock ETFs were: - Wanji CSI Industrial Nonferrous Metals Theme ETF (6.21%) - Huabao CSI Nonferrous Metals ETF (5.27%) - Huaxia CSI Subdivision Nonferrous Metals Theme ETF (5.05%) - Yinhua CSI Nonferrous Metals ETF (4.84%) - Penghua Guozheng Nonferrous Metals Industry ETF (4.82%) [5][6] - The bottom five performing stock ETFs were: - Jiashi CSI Battery Theme ETF (-6.88%) - Huitianfu CSI Battery Theme ETF (-6.88%) - Fuguo CSI Battery Theme ETF (-6.8%) - Zhaoshang CSI Battery Theme ETF (-6.7%) - Huaxia CSI Animation Game ETF (-6.1%) [5][6] 3. Liquidity - The average daily trading volume of stock ETFs increased by 14.3%, with a 48.1% rise in average daily trading volume and a 0.71% increase in turnover rate [7]. 4. Fund Flows - The top five stock ETFs by fund inflow were: - Huaxia Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF (inflow of 3.295 billion) - Jiashi Shanghai Stock Exchange Sci-Tech Innovation Board Chip ETF (inflow of 2.748 billion) - Huatai-PB CSI 300 ETF (inflow of 1.587 billion) - Yifangda Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF (inflow of 1.226 billion) - Southern CSI Shenwan Nonferrous Metals ETF (inflow of 1.208 billion) [9][10] - The top five stock ETFs by fund outflow were: - Southern CSI 1000 ETF (outflow of 666 million) - Fuguo CSI A500 ETF (outflow of 575 million) - Southern CSI A500 ETF (outflow of 525 million) - Guangfa CSI A500 ETF (outflow of 305 million) - Yifangda CSI 300 ETF Initiated (outflow of 260 million) [9][10] Financing and Margin Trading - The financing balance for stock ETFs increased from 44.345 billion to 47.3024 billion, while the margin balance rose from 2.3399 billion shares to 2.3575 billion shares. The highest financing buy amount was for the Huaxia Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF, totaling 1.228 billion [12]. Market Size - The total number of ETFs in the market was 1317, with 1042 stock ETFs, 53 bond ETFs, 27 money market ETFs, 17 commodity ETFs, and 178 cross-border ETFs. The total market size for ETFs reached 5613.153 billion, a decrease of 12.221 billion from the previous week [13][15]. Institutional Insights 1. Investment Opportunities in Nonferrous Metals - CITIC Securities suggests focusing on investment opportunities in the nonferrous metals sector, noting that precious metals like gold saw significant gains during the recent holiday. Supply shortages and the logic of computational revolution have led to a noticeable increase in copper prices [17]. 2. Copper Price Trends - Huatai Securities indicates that frequent disturbances in copper mines since 2025 have had limited short-term supply impacts. The expected reduction in supply from the Grasberg mine in Q4 2025 could significantly improve the copper supply-demand balance, potentially leading to a price rally [18].

Market Overview - The Shanghai Composite Index rose by 1.51% to close at 3883.56 points, with an intraday high of 3883.56 points [1] - The Shenzhen Component Index increased by 2.26% to close at 12441.07 points, reaching a peak of 12477.97 points during the day [1] - The ChiNext Index saw a rise of 3.0%, closing at 2762.99 points, with a maximum of 2782.01 points [1] ETF Market Performance - The median return of stock ETFs was 2.03%, with the highest return from the China Universal A500 Enhanced Strategy ETF at 6.5% [2] - The top-performing industry ETF was the Penghua National Standard Nonferrous Metals Industry ETF, also at 6.5% [2] - The highest return among thematic ETFs was from the E Fund China Securities Rare Earth Industry ETF at 7.89% [2] ETF Performance Rankings - The top three ETFs by return were: - E Fund China Securities Rare Earth Industry ETF: 7.89% [4] - Fuguo China Securities Rare Earth Industry ETF: 7.36% [4] - Xinhua China Securities Cloud Computing 50 ETF: 7.19% [4] - The worst-performing ETFs included: - Fuguo Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF: -2.79% [4] - Xinhua China Securities A50 ETF: -1.79% [4] - Huatai-PB China Securities 1000 Enhanced Strategy ETF: -1.79% [4] ETF Fund Flows - The top three ETFs by fund inflow were: - Guotai China Securities All-Index Securities Company ETF: 2.423 billion yuan [6] - Penghua China Securities Subdivided Chemical Industry Thematic ETF: 1.492 billion yuan [6] - Huabao China Securities All-Index Securities Company ETF: 1.114 billion yuan [6] - The largest outflows were from: - Southern China Securities 500 ETF: 1.176 billion yuan [6] - E Fund ChiNext ETF: 848 million yuan [6] - Huazheng ChiNext 50 ETF: 621 million yuan [6] ETF Margin Trading Overview - The highest margin buy amounts were: - Huaxia Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF: 1.288 billion yuan [8] - E Fund ChiNext ETF: 913 million yuan [8] - Guotai China Securities All-Index Securities Company ETF: 895 million yuan [8] - The largest margin sell amounts were: - Southern China Securities 500 ETF: 66.069 million yuan [9] - Southern China Securities 1000 ETF: 52.034 million yuan [9] - Huatai-PB Shanghai and Shenzhen 300 ETF: 39.8296 million yuan [9] Institutional Insights - Everbright Securities noted that the recent implementation of the "Interim Measures for the Total Control of Rare Earth Mining and Separation" by the Ministry of Industry and Information Technology indicates a clear policy direction for the rare earth industry, suggesting continued upward momentum in the sector [10] - Guojin Securities highlighted that the recent policy implementation marks the official start of supply-side reforms in the rare earth industry, with expectations for price increases and improved valuations due to strategic attributes [11]

Market Overview - The Shanghai Composite Index rose by 0.21% to close at 3387.57 points, with a daily high of 3394.75 points [1] - The Shenzhen Component Index increased by 0.44% to close at 10294.22 points, reaching a high of 10325.92 points [1] - The ChiNext Index saw a rise of 0.83%, closing at 2065.39 points, with a peak of 2077.48 points [1] ETF Market Performance - The median return of stock ETFs was 0.29%, with the highest return from the ICBC Credit Suisse Shenzhen 100 ETF at 1.61% [2] - The highest performing industry ETF was the Penghua National Securities Nonferrous Metals Industry ETF, which returned 2.73% [2] - The highest return among thematic ETFs was from the Huaxia CSI Hong Kong-Shenzhen Gold Industry ETF at 4.85% [2] ETF Gain and Loss Rankings - The top three ETFs by gain were: - Huaxia CSI Hong Kong-Shenzhen Gold Industry ETF (4.85%) - Yongying CSI Hong Kong-Shenzhen Gold Industry ETF (4.63%) - Ping An CSI Hong Kong-Shenzhen Gold Industry ETF (4.51%) [4][5] - The top three ETFs by loss were: - Guotai MSCI China A-Shares ESG General ETF (-1.92%) - Guoshou Anbao National Securities ChiNext Mid-Cap Selected 88 ETF (-1.21%) - ICBC Credit Suisse National Securities Semiconductor Chip ETF (-1.19%) [4][5] ETF Fund Flow - The top three ETFs by fund inflow were: - Fortune CSI Military Leading ETF (inflow of 473 million yuan) - Penghua CSI National Defense ETF (inflow of 443 million yuan) - Guotai CSI Military ETF (inflow of 430 million yuan) [6][7] - The top three ETFs by fund outflow were: - Huaxia CSI A500 ETF (outflow of 764 million yuan) - Huatai-PB CSI 300 ETF (outflow of 655 million yuan) - Huaxia ChiNext 50 ETF (outflow of 377 million yuan) [6][7] ETF Margin Trading Overview - The top three ETFs by margin buying were: - Huaxia Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF (358 million yuan) - Huatai-PB CSI 300 ETF (215 million yuan) - E Fund CSI 300 Medical Health ETF (159 million yuan) [8][9] - The top three ETFs by margin selling were: - Southern CSI 500 ETF (29.72 million yuan) - Huatai-PB CSI 300 ETF (28.99 million yuan) - Huaxia Shanghai Stock Exchange 50 ETF (9.35 million yuan) [8][9] Institutional Insights - Founder Securities suggests that gold prices are expected to maintain a long-term upward trend after a phase of correction, driven by factors such as declining dollar credit and ongoing global central bank gold purchases [10] - China Galaxy indicates that A-share gold stocks are currently at a near 10-year low valuation, presenting potential investment opportunities as gold prices rise [11]