1. Report Information - Report Title: Stock Index Futures Data Daily Report [1] - Report Date: March 17, 2026 [2] 2. IM Contract Analysis 2.1 Market Quotes - The closing price of CSI 1000 was 8019.86, down 2.33%; the total trading volume of the four IM contracts was 235,540 lots, an increase of 16,761 lots from the previous day; the total open interest was 382,072 lots, an increase of 508 lots from the previous day [4][5]. - The main contract of IM (IM2603) fell 1.96% to close at 8014 points [4]. 2.2 Basis and Premium/Discount - The main contract of IM was at a discount of 5.86 points, up 18.49 points from the previous day; the annualized basis rate was -6.67% [5]. - The dividend impacts of the four IM contracts were 0 points, 0.19 points, 38.82 points, and 60.28 points respectively [5]. 2.3 Positions of Major Seats - In IM2603, the top five seats in terms of trading volume were led by CITIC Futures (on behalf of clients), with a trading volume of 31,805 lots and an increase of 4,288 lots from the previous day [16]. - The top five seats in terms of long positions were led by Guotai Junan (on behalf of clients), with a long position of 20,265 lots and a decrease of 512 lots from the previous day [16]. - The top five seats in terms of short positions were led by CITIC Futures (on behalf of clients), with a short position of 30,623 lots and an increase of 1,529 lots from the previous day [16]. 3. IF Contract Analysis 3.1 Market Quotes - The closing price of CSI 300 was 4637.44, down 0.73%; the total trading volume of the four IF contracts was 146,045 lots, an increase of 21,683 lots from the previous day; the total open interest was 280,450 lots, an increase of 6,776 lots from the previous day [21][22]. - The main contract of IF (IF2603) fell 0.66% to close at 4628.8 points [21]. 3.2 Basis and Premium/Discount - The main contract of IF was at a discount of 8.64 points, up 0.12 points from the previous day; the annualized basis rate was -17.03% [22]. - The dividend impacts of the four IF contracts were 0 points, 0.48 points, 30.15 points, and 84.14 points respectively [22]. 3.3 Positions of Major Seats - In IF2603, the top five seats in terms of trading volume were led by CITIC Futures (on behalf of clients), with a trading volume of 15,202 lots and an increase of 3,469 lots from the previous day [36]. - The top five seats in terms of long positions were led by Guotai Junan (on behalf of clients), with a long position of 23,177 lots and an increase of 1,223 lots from the previous day [36]. - The top five seats in terms of short positions were led by CITIC Futures (on behalf of clients), with a short position of 19,334 lots and an increase of 1,619 lots from the previous day [36]. 4. IC Contract Analysis 4.1 Market Quotes - The closing price of CSI 500 was 8016.03, down 2.07%; the total trading volume of the four IC contracts was 170,339 lots, an increase of 560 lots from the previous day; the total open interest was 294,227 lots, a decrease of 8,120 lots from the previous day [41][42]. - The main contract of IC (IC2603) fell 2.1% to close at 8000 points [41]. 4.2 Basis and Premium/Discount - The main contract of IC was at a discount of 16.03 points, down 9.28 points from the previous day; the annualized basis rate was -18.28% [42]. - The dividend impacts of the four IC contracts were 0 points, 7.12 points, 59.41 points, and 96.03 points respectively [42]. 4.3 Positions of Major Seats - In IC2603, the top five seats in terms of trading volume were led by CITIC Futures (on behalf of clients), with a trading volume of 31,439 lots and a decrease of 3,601 lots from the previous day [58]. - The top five seats in terms of long positions were led by CITIC Futures (on behalf of clients), with a long position of 11,667 lots and a decrease of 2,737 lots from the previous day [58]. - The top five seats in terms of short positions were led by CITIC Futures (on behalf of clients), with a short position of 12,459 lots and a decrease of 2,680 lots from the previous day [58]. 5. IH Contract Analysis 5.1 Market Quotes - The closing price of SSE 50 was 2963.58, up 0.32%; the total trading volume of the four IH contracts was 69,141 lots, an increase of 8,837 lots from the previous day; the total open interest was 106,613 lots, a decrease of 3,547 lots from the previous day [62]. - The main contract of IH (IH2603) rose 0.18% to close at 2962 points [62]. 5.2 Basis and Premium/Discount - The main contract of IH was at a discount of 1.58 points, up 0.51 points from the previous day; the annualized basis rate was -4.86% [63]. - The dividend impacts of the four IH contracts were 0 points, 0 points, 18.25 points, and 63.28 points respectively [63]. 5.3 Positions of Major Seats - In IH2603, the top five seats in terms of trading volume were led by CITIC Futures (on behalf of clients), with a trading volume of 6,435 lots and an increase of 1,402 lots from the previous day [77]. - The top five seats in terms of long positions were led by Guotai Junan (on behalf of clients), with a long position of 4,122 lots and an increase of 44 lots from the previous day [77]. - The top five seats in terms of short positions were led by CITIC Futures (on behalf of clients), with a short position of 7,067 lots and an increase of 250 lots from the previous day [77].

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - The short - term view of the stock index is mainly range - bound, with a short - term view of "oscillation", a medium - term view of "oscillation", and an intraday view of "bullish". The reference view is "range - bound" [1][5]. - The core logic is that yesterday, each stock index oscillated and rebounded. A - share trading volume reached 2.41 trillion yuan, up from 2.39 trillion yuan the previous day. With the outbreak of geopolitical risks in the Middle East, the willingness of funds to take profits increased, leading to a decline in the stock index from its high. After the negative news was gradually digested by the market, the downward momentum of the stock index weakened significantly. With the convening of the Two Sessions, the expectation of policy - based support for macro - demand and support for technological innovation has increased. The government work report pointed out that in 2026, a more proactive fiscal policy and a moderately loose monetary policy will continue to be implemented, and favorable policies will be deployed in areas such as expanding domestic demand and building a modern industrial system. There is strong policy support for the stock index to rise in the medium and long term [5]. 3. Summary by Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2603, the short - term view is "oscillation", the medium - term view is "oscillation", the intraday view is "bullish", and the reference view is "range - bound". The core logic is the implementation of favorable policies during the Two Sessions [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties include IF, IH, IC, and IM. The intraday view is "bullish", the medium - term view is "oscillation", and the reference view is "range - bound". The core logic is the rebound of each stock index, changes in trading volume, the impact of geopolitical risks, and the policy expectations during the Two Sessions [5].

1. Report Information - Report Title: Stock Index Futures Data Daily Report [1] - Date: March 5, 2026 [2] 2. IM (CSI 1000 Index Futures) 2.1 Daily Quotes - The CSI 1000 index closed at 8,171.12, up 0.95%. The total trading volume of the four IM contracts was 219,081 lots, a decrease of 26,392 lots from the previous day. The total open interest was 383,031 lots, a decrease of 11,636 lots from the previous day. The main contract (IM2603) rose 0.71% to close at 8,130 points [4][5]. - The main contract was at a discount of 41.12 points to the spot, a decrease of 10.8 points from the previous day. The annualized basis rate was -11.54%. The dividend impacts of the four contracts were 0.01 points, 0.18 points, 40.02 points, and 62.88 points respectively [5]. 2.2 Main Seats - In IM2603, the top five seats in terms of trading volume were CITIC Futures (on behalf of clients), Guotai Junan (on behalf of clients), Haitong Futures (on behalf of clients), Dongzheng Futures (on behalf of clients), and Zhongtai Futures (on behalf of clients). The top five seats in terms of long positions were Guotai Junan (on behalf of clients), CITIC Futures (on behalf of clients), Haitong Futures (on behalf of clients), Galaxy Futures (on behalf of clients), and Dongzheng Futures (on behalf of clients). The top five seats in terms of short positions were CITIC Futures (on behalf of clients), Guotai Junan (on behalf of clients), Huatai Futures (on behalf of clients), UBS Futures (on behalf of clients), and Haitong Futures (on behalf of clients) [16]. 3. IF (CSI 300 Index Futures) 3.1 Daily Quotes - The CSI 300 index closed at 4,647.69, up 0.98%. The total trading volume of the four IF contracts was 112,866 lots, a decrease of 27,060 lots from the previous day. The total open interest was 276,115 lots, a decrease of 12,637 lots from the previous day. The main contract (IF2603) rose 0.87% to close at 4,629 points [21][22]. - The main contract was at a discount of 18.69 points to the spot, a decrease of 7.07 points from the previous day. The annualized basis rate was -9.21%. The dividend impacts of the four contracts were 0 points, 0.53 points, 29.61 points, and 83.67 points respectively [22]. 3.2 Main Seats - In IF2603, the top five seats in terms of trading volume were CITIC Futures (on behalf of clients), Guotai Junan (on behalf of clients), Haitong Futures (on behalf of clients), Dongzheng Futures (on behalf of clients), and Guoxin Futures (on behalf of clients). The top five seats in terms of long positions were Guotai Junan (on behalf of clients), CITIC Futures (on behalf of clients), Dayue Futures (on behalf of clients), Dongzheng Futures (on behalf of clients), and GF Futures (on behalf of clients). The top five seats in terms of short positions were CITIC Futures (on behalf of clients), Guotai Junan (on behalf of clients), Haitong Futures (on behalf of clients), Huatai Futures (on behalf of clients), and Dongzheng Futures (on behalf of clients) [35]. 4. IC (CSI 500 Index Futures) 4.1 Daily Quotes - The CSI 500 index closed at 8,309.17, up 0.73%. The total trading volume of the four IC contracts was 175,544 lots, a decrease of 27,524 lots from the previous day. The total open interest was 304,918 lots, a decrease of 4,910 lots from the previous day. The main contract (IC2603) rose 0.31% to close at 8,255.6 points [40][41]. - The main contract was at a discount of 53.57 points to the spot, a decrease of 24.02 points from the previous day. The annualized basis rate was -14.8%. The dividend impacts of the four contracts were 0.36 points, 7.23 points, 61.05 points, and 98.32 points respectively [41]. 4.2 Main Seats - In IC2603, the top five seats in terms of trading volume were CITIC Futures (on behalf of clients), Guotai Junan (on behalf of clients), Haitong Futures (on behalf of clients), Dongzheng Futures (on behalf of clients), and Zhongtai Futures (on behalf of clients). The top five seats in terms of long positions were Guotai Junan (on behalf of clients), CITIC Futures (on behalf of clients), Yide Futures (on behalf of clients), Galaxy Futures (on behalf of clients), and Haitong Futures (on behalf of clients). The top five seats in terms of short positions were CITIC Futures (on behalf of clients), Guotai Junan (on behalf of clients), Haitong Futures (on behalf of clients), UBS Futures (on behalf of clients), and Huatai Futures (on behalf of clients) [57]. 5. IH (SSE 50 Index Futures) 5.1 Daily Quotes - The SSE 50 index closed at 2,988.45, up 0.48%. The total trading volume of the four IH contracts was 48,047 lots, a decrease of 23,043 lots from the previous day. The total open interest was 105,814 lots, a decrease of 9,290 lots from the previous day. The main contract (IH2603) rose 0.54% to close at 2,987 points [62]. - The main contract was at a discount of 1.45 points to the spot, an increase of 0.56 points from the previous day. The annualized basis rate was -1.11%. The dividend impacts of the four contracts were 0 points, 0 points, 18.33 points, and 63.97 points respectively [63]. 5.2 Main Seats - In IH2603, the top five seats in terms of trading volume were CITIC Futures (on behalf of clients), Guotai Junan (on behalf of clients), Haitong Futures (on behalf of clients), Dongzheng Futures (on behalf of clients), and Guoxin Futures (on behalf of clients). The top five seats in terms of long positions were Guotai Junan (on behalf of clients), CITIC Futures (on behalf of clients), Nanhua Futures (on behalf of clients), Zhongyin Futures (on behalf of clients), and Yong'an Futures (on behalf of clients). The top five seats in terms of short positions were CITIC Futures (on behalf of clients), Haitong Futures (on behalf of clients), Guotai Junan (on behalf of clients), GF Futures (on behalf of clients), and Guoxin Futures (on behalf of clients) [73].

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The short - term view of the stock index is shock consolidation, with the short - term and medium - term trends of IH2603 being shock, and the intraday trend being on the strong side. The overall short - term view of IF, IH, IC, and IM is on the strong side, and the medium - term view is shock. The reference view is shock consolidation [1][5] - Although the short - term upward driving force of the stock index has weakened and there is a need for shock consolidation, in the medium and long term, the positive policy expectations and the continuous net inflow of incremental funds into the stock market still form the main logic for the upward movement of the stock index [5] Group 3: Summary by Relevant Catalogs Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2603, the short - term and medium - term trends are shock, the intraday trend is on the strong side, and the view is shock consolidation. The core logic is that the valuation end has increased rapidly, and the stock index needs shock consolidation due to rising demand [1] Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The intraday view of IF, IH, IC, and IM is on the strong side, the medium - term view is shock, and the reference view is shock consolidation. The core logic is that the stock index fell unilaterally yesterday, with the trading volume of the Shanghai, Shenzhen, and Beijing stock markets being 2606.6 billion yuan, a decrease of 255.8 billion yuan from the previous day. Resource cycle sectors such as metals, oil and gas, chemicals, coal, and steel tumbled, dragging down the index. The "weak reality" pressure emerged as the manufacturing PMI in January returned to the contraction range, and the short - term upward driving force of the stock index weakened. The sharp correction in the commodity market led to a weakening of market sentiment, and the willingness of funds to take profits and leave the market increased, resulting in a contraction in trading volume. However, in the medium and long term, positive policy expectations and the continuous net inflow of incremental funds into the stock market still support the upward movement of the stock index [5]

Report Information - Report Title: Stock Index Futures Data Daily Report [1] - Report Date: January 30, 2026 [2] IM Futures Market Overview - The closing price of CSI 1000 was 8,254.86 points, down 0.93%. The main contract of IM fell 0.84% to close at 8,260.6 points. The total trading volume of the four IM contracts was 275,842 lots, an increase of 27,861 lots from the previous day, and the total open interest was 408,840 lots, a decrease of 2,755 lots from the previous day [4]. - The main contract of IM had a premium of 5.74 points, up 8.95 points from the previous day, and the annualized basis rate was 0.51%. The dividend impacts of the four IM contracts were 0.29 points, 0.29 points, 0.29 points, and 68.05 points respectively [5]. Position Analysis - The trading volume, open interest, and changes of major seats in IM2602, IM2603, IM2606, and IM2609 contracts were detailed, including information on top 5, top 10, and top 20 seats [15][17][19] IF Futures Market Overview - The closing price of CSI 300 was 4,706.34 points, down 1.00%. The main contract of IF fell 1.32% to close at 4,711 points. The total trading volume of the four IF contracts was 179,201 lots, an increase of 19,397 lots from the previous day, and the total open interest was 332,644 lots, an increase of 9,087 lots from the previous day [20][21]. - The main contract of IF had a premium of 4.66 points, down 25.47 points from the previous day, and the annualized basis rate was 0.72%. The dividend impacts of the four IF contracts were 3.69 points, 3.72 points, 3.72 points, and 89.63 points respectively [21]. Position Analysis - The trading volume, open interest, and changes of major seats in IF2602, IF2603, IF2606, and IF2609 contracts were detailed, including information on top 5, top 10, and top 20 seats [34][36][38] IC Futures Market Overview - The closing price of CSI 500 was 8,370.52 points, down 1.73%. The main contract of IC fell 2.07% to close at 8,362.4 points. The total trading volume of the four IC contracts was 248,185 lots, an increase of 43,907 lots from the previous day, and the total open interest was 349,459 lots, a decrease of 4,373 lots from the previous day [40][41]. - The main contract of IC had a discount of 8.12 points, down 7.88 points from the previous day, and the annualized basis rate was -0.71%. The dividend impacts of the four IC contracts were 0.44 points, 0.44 points, 0.44 points, and 98.36 points respectively [41]. Position Analysis - The trading volume, open interest, and changes of major seats in IC2602, IC2603, IC2606, and IC2609 contracts were detailed, including information on top 5, top 10, and top 20 seats [53][55][57] IH Futures Market Overview - The closing price of SSE 50 was 3,066.50 points, down 1.43%. The main contract of IH fell 1.64% to close at 3,074 points. The total trading volume of the four IH contracts was 77,049 lots, a decrease of 8,823 lots from the previous day, and the total open interest was 122,366 lots, a decrease of 5,863 lots from the previous day [59]. - The main contract of IH had a premium of 7.5 points, down 11.99 points from the previous day, and the annualized basis rate was 1.78%. The dividend impacts of the four IH contracts were 4.95 points, 4.95 points, 4.95 points, and 71.63 points respectively [60]. Position Analysis - The trading volume, open interest, and changes of major seats in IH2602, IH2603, and IH2606 contracts were detailed, including information on top 5, top 10, and top 20 seats [73][76][78]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - The short - term view of the stock index is mainly for shock consolidation. In the short term, the upward driving force of the stock index is weakened, and there is a high possibility of shock consolidation. In the long - term, policy - side positive expectations and the continuous net inflow of incremental funds into the stock market support the upward movement of the stock index [5]. 3. Summary by Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2603, the short - term view is shock, the medium - term view is shock, the intraday view is bullish, and the reference view is shock consolidation. The core logic is that the valuation end has increased rapidly, the stock index is in shock consolidation, and demand is rising [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The intraday view of IF, IH, IC, and IM is bullish, and the medium - term view is shock, with a reference view of shock consolidation. Yesterday, the stock indexes showed shock differentiation, with IH having the highest increase and IC and IM rising and then falling. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 325.94 billion yuan, an increase of 26.71 billion yuan from the previous day. In the short term, the upward driving force of the stock index is weakened, and IM and IC, which had large previous increases, have a strong demand for shock consolidation, while IH's defensive properties are attracting funds. In the long - term, policy - side positive expectations and the continuous net inflow of incremental funds support the upward movement of the stock index [5].

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints - The short - term view of the financial futures stock index sector is mainly for the index to oscillate and consolidate. Although the upward driving force of the index weakens in the short - term, the long - term policy and capital inflow trends support the upward movement of the index, and the risk preference of the stock market remains positive [5]. 3. Summary by Related Catalogs Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2603, the short - term and medium - term trends are both oscillating, the intraday trend is on the strong side, and the overall view is oscillating and consolidating. The core logic is that the valuation end has risen rapidly, the stock index is oscillating and consolidating, and demand is rising [1]. Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - For IF, IH, IC, and IM, the intraday view is on the strong side, the medium - term view is oscillating, and the reference view is oscillating and consolidating. The core logic is that the stock index oscillated and consolidated yesterday. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 299.23 billion yuan, an increase of 7.08 billion yuan from the previous day. The stock market is in an oscillating and consolidating market, with differences in the capital side between chasing up and taking profits, and increased intraday fluctuations. The short - term upward driving force of the index weakens, while in the long - term, policy and capital inflow trends support the upward movement of the index [5].

Report Information - Report Title: Stock Index Futures Data Daily Report [1] - Report Date: January 28, 2026 [2] IM Futures Market Summary - The underlying index, CSI 1000, closed at 8399.79, up 0.21%. The IM main contract rose 0.16% to close at 8377.8 points [4]. - The total trading volume of the four IM contracts was 194,080 lots, down 68,320 lots from the previous day. The total open interest was 382,766 lots, down 15,637 lots from the previous day [5]. - The main contract was at a discount of 21.99 points to the spot, up 2.96 points from the previous day, with an annualized basis rate of -1.84% [5]. Contract - Specific Data | Contract | Closing Price | Change | Volume | Volume Change | Turnover | Turnover Change | Open Interest | Open Interest Change | Margin | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | CSI 1000 | 8399.79 | 0.21% | 34,966 | -4% | 627.4 billion | 0% | - | - | - | | IM2602 | 8407.40 | 0.22% | 33,363 | -24% | 5.59 billion | -23% | 56,743 | -4,390 | 1.14 billion | | IM2603 | 8377.80 | 0.16% | 114,744 | -28% | 19.16 billion | -27% | 180,338 | -11,585 | 3.63 billion | | IM2606 | 8242.60 | 0.31% | 31,617 | -26% | 5.19 billion | -25% | 107,190 | -2,172 | 2.12 billion | | IM2609 | 8075.00 | 0.30% | 14,356 | -17% | 2.31 billion | -16% | 38,495 | 2,510 | 750 million | [4] Main Seats Data - For different contracts (IM2602, IM2603, etc.), detailed data on the top - ranking members in terms of trading volume, long positions, and short positions, as well as their changes from the previous day, are provided [16][18][20] IF Futures Market Summary - The underlying index, CSI 300, closed at 4717.99, up 0.26%. The IF main contract rose 0.07% to close at 4732.8 points [21]. - The total trading volume of the four IF contracts was 142,902 lots, down 62 lots from the previous day. The total open interest was 325,948 lots, up 15,622 lots from the previous day [22]. - The main contract was at a premium of 14.81 points to the spot, up 2.3 points from the previous day, with an annualized basis rate of 2.2% [22]. Contract - Specific Data | Contract | Closing Price | Change | Volume | Volume Change | Turnover | Turnover Change | Open Interest | Open Interest Change | Margin | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | CSI 300 | 4717.99 | 0.26% | 38,226 | - | 82.94 billion | - | - | - | - | | IF2602 | 4727.80 | 0.08% | 32,633 | -23% | - | - | 43,478 | - | 700 million | | IF2603 | 4732.80 | 0.07% | 84,387 | -4% | 11.98 billion | -3% | 185,840 | 7,628 | 3.17 billion | | IF2606 | 4716.80 | 0.12% | 18,810 | -8% | 2.66 billion | -8% | 75,464 | 1,638 | 1.28 billion | | IF2609 | 4670.20 | 0.08% | 7,072 | -16% | 900 million | - | 21,166 | 2 | 360 million | [21] Main Seats Data - For different contracts (IF2602, IF2603, etc.), detailed data on the top - ranking members in terms of trading volume, long positions, and short positions, as well as their changes from the previous day, are provided [33][35][36] IC Futures Market Summary - The underlying index, CSI 500, closed at 8601.16, up 0.61%. The IC main contract rose 0.68% to close at 8622 points [38]. - The total trading volume of the four IC contracts was 170,659 lots, down 40,713 lots from the previous day. The total open interest was 342,398 lots, down 904 lots from the previous day [39]. - The main contract was at a premium of 20.84 points to the spot, up 22.17 points from the previous day, with an annualized basis rate of 1.7% [39]. Contract - Specific Data | Contract | Closing Price | Change | Volume | Volume Change | Turnover | Turnover Change | Open Interest | Open Interest Change | Margin | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | CSI 500 | 8601.16 | 0.61% | 31,177 | 3% | 61.27 billion | 0% | - | - | - | | IC2602 | 8623.20 | 0.66% | 28,560 | -15% | 4.9 billion | -14% | 45,306 | -2,648 | 940 million | | IC2603 | 8622.00 | 0.68% | 94,115 | -23% | 16.15 billion | -22% | 167,295 | -5,924 | 3.46 billion | | IC2606 | 8574.80 | 1.04% | 37,044 | -11% | 6.31 billion | -9% | 98,677 | 5,130 | 2.03 billion | | IC2609 | 8469.00 | 1.08% | 10,940 | -23% | 1.84 billion | -21% | 31,120 | 2,538 | 630 million | [38] Main Seats Data - For different contracts (IC2602, IC2603, etc.), detailed data on the top - ranking members in terms of trading volume, long positions, and short positions, as well as their changes from the previous day, are provided [51][53][55] IH Futures Market Summary - The underlying index, SSE 50, closed at 3060.56, up 0.27%. The IH main contract fell 0.01% to close at 3069.8 points [57]. - The total trading volume of the four IH contracts was 63,381 lots, down 4,488 lots from the previous day. The total open interest was 118,402 lots, up 3,905 lots from the previous day [57]. - The main contract was at a premium of 9.24 points to the spot, down 2.37 points from the previous day, with an annualized basis rate of 2.11% [58]. Contract - Specific Data | Contract | Closing Price | Change | Volume | Volume Change | Turnover | Turnover Change | Open Interest | Open Interest Change | Margin | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | SSE 50 | 3060.56 | 0.27% | 9,637 | 28% | 25.26 billion | 25% | - | - | - | | IH2602 | 3065.60 | -0.03% | 14,236 | 5% | 1.31 billion | 5% | 17,477 | 942 | 190 million | | IH2603 | 3069.80 | -0.01% | 38,337 | -7% | 3.53 billion | -7% | 67,766 | 1,717 | 750 million | | IH2606 | 3070.00 | -0.13% | 7,689 | -12% | 710 million | -12% | 25,544 | 1,019 | 280 million | | IH2609 | 3046.00 | -0.09% | 3,119 | -28% | 290 million | -28% | 7,615 | 227 | 80 million | [57] Main Seats Data - For different contracts (IH2602, IH2603, etc.), detailed data on the top - ranking members in terms of trading volume, long positions, and short positions, as well as their changes from the previous day, are provided [69][71][73]

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The short - term view of the stock index is mainly for shock consolidation, with short - term shock, medium - term shock, and intraday weakness [1][5] - Policy - side positive expectations and the continuous net inflow of incremental funds into the stock market are the main supporting forces for the upward movement of the stock index, but in the short term, the regulatory layer wants to control risks, and the "chasing high" sentiment is suppressed, and there are differences in the capital side between chasing up and taking profits [5] - The increase in this round of stock rebound is mainly contributed by the valuation side, and further rise requires the improvement of the stock fundamentals [5] - Due to the current preference for small - and medium - cap stocks in the stock market style, the fluctuations of IM and IC have intensified [5] Group 3: Summary According to the Catalog 1. Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2603, the short - term is shock, the medium - term is shock, the intraday is weak, the reference view is shock consolidation, and the core logic is that the valuation side has increased rapidly, and the stock index needs shock consolidation and the demand is rising [1] 2. Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - For IF, IH, IC, and IM, the intraday view is weak, the medium - term view is shock, the reference view is shock consolidation [5] - The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 292.15 billion yuan, a decrease of 35.92 billion yuan from the previous day [5] - In the long - and medium - term, policy - side positive expectations and the continuous net inflow of incremental funds support the upward movement of the stock index, but in the short term, the regulatory layer's risk - control expectation restrains the "chasing high" sentiment, and there are differences in the capital side, so the stock index needs shock consolidation [5]

1. Report Information - Report Title: Stock Index Futures Data Daily Report [1] - Date: January 26, 2026 [2] 2. IM (CSI 1000 Index Futures) 2.1 Daily Quotes - The CSI 1000 index closed at 8365.43, down 1.24%. The total trading volume of the four IM contracts was 277,160 lots, an increase of 54,174 lots from the previous day, and the total open interest was 394,502 lots, a decrease of 1,501 lots [4][5]. - The main contract (IM2603) fell 2.24% to close at 8289.2 points, with a premium of -76.23 points, a decrease of 122.09 points from the previous day, and the annualized basis rate was -6.22% [4][5]. 2.2 Key Seats - The top five seats in terms of trading volume were mainly composed of CITIC Futures, Guotai Junan, etc. The top five seats in terms of long positions were mainly Guotai Junan and CITIC Futures, and the top five seats in terms of short positions were mainly CITIC Futures and Guotai Junan [16]. 3. IF (CSI 300 Index Futures) 3.1 Daily Quotes - The CSI 300 index closed at 4706.96, up 0.10%. The total trading volume of the four IF contracts was 189,549 lots, an increase of 49,067 lots from the previous day, and the total open interest was 328,464 lots, an increase of 28,734 lots [21][22]. - The main contract (IF2603) rose 0.11% to close at 4719.4 points, with a premium of 12.44 points, an increase of 5.74 points from the previous day, and the annualized basis rate was 1.78% [21][22]. 3.2 Key Seats - The top five seats in terms of trading volume were mainly CITIC Futures and Guotai Junan. The top five seats in terms of long positions were mainly Guotai Junan and CITIC Futures, and the top five seats in terms of short positions were mainly CITIC Futures and Guotai Junan [35]. 4. IC (CSI 500 Index Futures) 4.1 Daily Quotes - The CSI 500 index closed at 8506.69, down 0.97%. The total trading volume of the four IC contracts was 226,677 lots, an increase of 50,384 lots from the previous day, and the total open interest was 344,006 lots, an increase of 2,781 lots [40][41]. - The main contract (IC2603) fell 1.72% to close at 8470 points, with a premium of -36.69 points, a decrease of 104.72 points from the previous day, and the annualized basis rate was -2.93% [40][41]. 4.2 Key Seats - The top five seats in terms of trading volume were mainly CITIC Futures and Guotai Junan. The top five seats in terms of long positions were mainly Guotai Junan and CITIC Futures, and the top five seats in terms of short positions were mainly CITIC Futures and Guotai Junan [53]. 5. IH (SSE 50 Index Futures) 5.1 Daily Quotes - The SSE 50 index closed at 3049.59, up 0.57%. The total trading volume of the four IH contracts was 84,627 lots, an increase of 22,590 lots from the previous day, and the total open interest was 118,624 lots, an increase of 9,853 lots [59]. - The main contract (IH2603) rose 0.52% to close at 3058.2 points, with a premium of 8.61 points, an increase of 3 points from the previous day, and the annualized basis rate was 1.9% [59][60]. 5.2 Key Seats - The top five seats in terms of trading volume were mainly Guotai Junan and CITIC Futures. The top five seats in terms of long positions were mainly Guotai Junan and CITIC Futures, and the top five seats in terms of short positions were mainly CITIC Futures and Guotai Junan [73].