I. Market Overview

A-share market:Last week (October 30 to November 03), the three major indices continued to rebound, with weekly gains of two consecutive gains. The Shanghai Index rose 0.43% in a week, the Shenzhen Index rose 0.85%, and the GEM Index rose 1.98%. Turnover increased further. The average daily turnover of the two markets was 868.937 billion yuan, an increase of 27.778 billion yuan over last week. There was a strong inflow of capital to the north in the last two trading days last week, with a net weekly inflow of 556 million yuan.

Global stock markets rallied strongly.Hong Kong's Hang Seng Index rose 1.53% in a week, and the Hang Seng Technology Index rose 3.45%; the S&P 500 index rose 5.85% last week, and the Nasdaq rose 6.61% last week.

In terms of industry sectorsLast week, the 30 CITIC Tier 1 industries rose and fell a lot. The industries with the highest gains: media, food and beverage, and electronics, and the industries with the highest declines: real estate, building materials, and general finance. In terms of the concept sector, concepts such as semiconductors, online games, automotive chips, and MCU chips performed relatively well, while lithium mining, water conservancy, automobiles, and new energy vehicles performed poorly.

In terms of fund performanceFunds that focus on sectors such as gaming, integrated circuits, semiconductors, media, film, and television performed relatively well, while themed funds represented by real estate, photovoltaics, infrastructure, and new energy did not perform well.

In terms of bond indices,Major bond asset indices rose across the board last week. The China Bonds - Long-term Bonds Net Price (Total Value) Index, China Bonds - Treasury Bonds Total Net Price (Total Value) Index, China Bonds - Total Wealth (3-5 years) Index, and the China Bonds - Short and Medium Term Bond Net Price (Total Value) Index rose 0.47%, 0.22%, 0.17%, and 0.13% respectively.

In terms of commodity indices,The commodity asset index fell across the board. NYMEXWTI crude oil, ICE oil, COMEX gold, and COMEX silver fell 3.58%, 2.51%, 0.26%, and 0.10%, respectively.

II. Capital flow

The size of non-currency ETFs increased by 12.268 billion yuan last week, with a net outflow of 8.408 billion yuan. By type, the size of equity ETFs increased by 4.223 billion yuan, with a net outflow of 9.765 billion yuan; the size of cross-border Hong Kong stock ETFs increased by 6.402 billion yuan, a net inflow of 1,927 billion yuan; the size of cross-border non-Hong Kong stock ETFs increased by 3.229 billion yuan, a net inflow of 1,324 billion yuan; the size of commercial ETFs decreased by 431 million yuan, net outflow of 713 million yuan; and the size of bond ETFs decreased by 1,155 billion yuan, with a net outflow of 1,181 billion yuan.

III. The rise and fall rate of ETFs

Looking at the entire market, out of 872 ETFs in the market, 601 ETFs had positive weekly gains, with an average increase of 1.72%. There were 222 ETFs that had negative weekly gains last week.

The median weekly yield of equity ETFs last week was 0.64%. Among broad-based ETFs, the median rise and fall rate of GEM ETFs was 1.98%, with the highest return. By sector, the median rise and fall rate of technology ETFs was 2.31%, with the highest earnings. Classified by topic, the median rise and fall of chip ETFs was 4.55%, with the highest earnings.

Specifically, the gaming and media sectors rebounded strongly. The Huatai Berry Fund Game and Animation ETF and Huaxia Fund Gaming ETF rose 8.14% and 6.07% cumulatively last week. The semiconductor sector continued to rise. Huatai Berry's China-Korea Semiconductor ETF and Cathay Pacific Fund's integrated circuit ETF rose 6.03% and 5.98% respectively last week.

The real estate sector and photovoltaic sector experienced severe setbacks last week. Huabao Fund Real Estate ETF and Yinhua Fund Real Estate ETF fell by 4.09% and 3.73% last week.

IV. Changes in fund shares

In terms of increasing ETF shares,Capital hit SciTech's themed ETFs last week. Among them, Jingshun Great Wall Fund Hong Kong Stock Technology 50 ETF, Huaxia Fund Hang Seng Internet ETF, Huaxia Fund Hang Seng Technology Index ETF, Wells Fargo Hong Kong Stock Connect Internet ETF, Huatai Berry Fund's Hang Seng Technology ETF, and Huatai Berry Fund's Hang Seng Technology ETF increased their shares by 1,188 billion shares, 1 billion shares, 902 million shares, 415 million and 350 million shares respectively last week.

After E-Fonda Fund officially announced the purchase of its Shanghai and Shenzhen 300 ETF for 200 million last week, E-Fonda's share of the Shanghai and Shenzhen 300 ETF surged by 1,138 million shares last week, while another giant Huatai Berry Fund's share of the Shanghai and Shenzhen 300 ETF increased by 361 million shares last week.

At the same time, the Huaxia Fund Science Innovation 50 ETF was reduced by 603 million shares last week, and capital was increased to the Science and Technology Innovation 100 Index ETF. The share of the Penghua Fund Science and Technology Innovation 100 ETF fund increased the most last week, surging 938 million shares, followed by the Bosch Fund Science and Technology Innovation 100 Index ETF, which increased its share by 372 million shares last week.

Capital still favors innovation-themed ETFs. GF's Hong Kong stock innovative drug ETF share increased by 896 million shares last week.

In terms of declining shares, capital sold off pharmaceutical/semiconductor-themed ETFs at an accelerated pace last week. Among them, Huabao Fund Medical ETF and E-Fondage Pharmaceuticals ETF shares declined by 1,473 million shares and 880 million shares respectively last week.

Semiconductor shares have declined even more rapidly. The shares of Guolian Fund's semiconductor ETF, Huaxia Fund chip ETF, Penghua Fund semiconductor ETF, and Cathay Pacific Fund chip ETF fell by a total of 2.83 billion shares last week.

The week of GEM's rebound also experienced capital gains and losses in holdings. Among them, the shares of the E-Fondage GEM ETF and the Huaan Fund GEM 50 ETF declined by 658 million shares and 454 million shares respectively last week.

5. Emerging ETF products

A total of 6 ETFs were listed and traded last week. This includes 1 construction machinery-themed fund, 1 consumption-related fund, 1 GEM integrated theme-related fund, 1 oil and gas theme-related fund, 1 gold-themed fund, and 1 cross-border broad-based themed fund. Eight new ETFs and other index products were established last week. This includes 2 Hong Kong stock pharmaceutical-themed funds, 2 broad-based themed funds, 2 cross-border broad-based themed funds, and 2 bond funds.

Three new ETFs were established last week, namely the Harvest S&P Oil and Gas Exploration and Production Selected Industry ETF, the Bosch China Securities 1000 Enhanced Strategy ETF, and the A-share ETF. Three ETFs will begin to be issued this week, namely the Morgan S&P Hong Kong Stock Exchange Low Volatility Dividend ETF, the Huitianfu Shanghai Stock Exchange Comprehensive ETF, and the Bosch China Securities 2000 ETF.

6. Hot news

China Southern Fund announced the purchase of 200 million yuan of its equity funds, and the six leading public offerings have recently made a cumulative self-purchase of 1.1 billion yuan

China Southern Fund announced today that, based on its confidence in the long-term healthy and stable development of China's capital market, the company will use its inherent capital of 200 million yuan to invest in its equity public funds in the near future. Since October 29, six leading public funders, including Yifangda, China Merchants, Huaxia, Guangfa, Fuguo, and Nanfang, have purchased a total of 1.1 billion yuan.

Authoritative responses to the eight major hot issues of the Securities Regulatory Commission!

1. Respond to “active capital markets” policy initiatives: continue to research and prove, mature, and launch one; 2. Respond to improving the holdings reduction system: fixing loopholes in the system and tightening the institutional fence; 3. Responding to mergers, acquisitions and restructuring: targeted convertible debt restructuring rules will be introduced, and the “small amount rapid” review mechanism for restructuring will be studied and improved; 4. Responding to the introduction of medium- to long-term capital: introducing a “capital market investment side reform action plan” to study the establishment of a personal pension investment advisory system; 5. Responding to securities crackdown on illegal activities: increasing the penalties for corporate fraud and serious lack of authority by intermediaries; 6. Responding to bonds Market: Research and launch REITS indices and ETF products to continuously improve the quality and efficiency of the bond market in serving the real economy; 7. Respond to stimulate the vitality of market institutions: promote the securities fund industry to accelerate the formation of a new pattern of high-quality development and eliminate regulatory gaps and blind spots; 8. Responding agencies can better play their role in serving the real economy: target first-class investment banks and investment institutions, and use more financial resources for technological innovation and other fields.

Since this year, more than 170 billion yuan has entered the market through the Science Innovation 50 and Shanghai and Shenzhen 300 ETFs

According to the data, as of October 31, the share of stock ETFs increased by 518.2 billion shares during the year, with a net capital inflow of 420.3 billion yuan, of which the Shanghai ETF led a net capital inflow of more than 320 billion yuan, accounting for nearly 80%. The Shanghai and Shenzhen 300 ETFs and the Science Innovation 50 ETF have had net inflows of 103.4 billion yuan and 75.7 billion yuan since this year, ranking first and second, accounting for more than 40% of the net inflows of stock ETFs.