news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

the first 300 billion stock etf in a-shares was born.

according to wind data statistics, on september 24, the total net inflow of 790 stock etf funds that can be counted in the market was 18.296 billion yuan, a new high since september.

from the perspective of stock etf fund flows, csi 300 etf, csi 1000 etf and csi 500 etf are still the most popular. among them, huatai-pinebridge csi 300 etf leads the market with a net inflow of 7.326 billion yuan; southern csi 1000 etf, southern csi 500 etf and e fund csi 300 etf follow closely behind, with net inflows exceeding 2 billion yuan yesterday, 2.856 billion yuan, 2.322 billion yuan and 2.164 billion yuan respectively; huaxia csi 1000 etf also had a single-day net inflow of 1.231 billion yuan.

it is worth mentioning that from the perspective of etf net asset value, as of september 24, 2024, huatai-pinebridge csi 300 etf became the first 300 billion stock etf in a-shares, with the latest fund size reaching 311.373 billion yuan; e fund csi 300 etf became the second a-share stock etf with a scale exceeding 200 billion, with the latest scale being 211.422 billion yuan.

at the same time, according to wind data, huatai-pinebridge csi 300 etf and e fund csi 300 etf are also the two stock etf products with the largest net inflows this year. as of september 24, the net inflows of the two etfs were 181.392 billion yuan and 159.410 billion yuan respectively.

three other etfs also joined the 100 billion club, namely hua xia csi 300 etf, hua xia sse 50 etf, and harvest csi 300 etf. as of september 24, their net asset values ​​were 138.347 billion yuan, 133.937 billion yuan, and 132.299 billion yuan, respectively.

source: the paper reporter based on wind data statistics

on the news front, on september 24, the state council information office held a press conference, where pan gongsheng, governor of the people's bank of china, li yunze, director of the state financial regulatory commission, and wu qing, chairman of the china securities regulatory commission, introduced the financial support for high-quality economic development and answered questions from reporters. during the press conference, "one bank, one bureau, and one commission" issued a number of major favorable policies involving the property market, stock market, bond market, foreign exchange market, etc.

on the same day, china chengtong holdings group co., ltd. (hereinafter referred to as "china chengtong") issued an announcement stating that its subsidiary beijing chengyang investment co., ltd. (hereinafter referred to as "chengyang investment") increased its holdings of several china chengtong central state-owned enterprise etfs. according to the content released on september 24 by china chengtong's official account, chengyang investment increased its holdings of several china chengtong central state-owned enterprise etfs, including the central enterprise reform etf, the belt and road etf, and the china state-owned enterprise etf.

looking ahead, will the upside potential of a-shares be opened? publicly offered funds generally said that this policy "combination punch" exceeded expectations and will greatly enhance the institutions' ability to obtain funds and increase stock holdings. the equity market is expected to usher in a rebound window brought by the policy. however, some institutions also reminded that they should still pay attention to the real estate sales situation in the future to judge the sustainability of the policy impact.

xinyuan fund said that in terms of the equity market, this policy combination is very positive, especially the two structural monetary policy tools of the central bank, which may break the lack of liquidity in a-shares and inject continuous incremental funds into the equity market.

looking ahead, abc-huarong fund management believes that this policy package exceeds market expectations, and it is expected that large-cap stocks will perform better than small-cap stocks in the future. on the one hand, the dividend fundamentals are still there, and attention is paid to industries with stable cash flow, such as petrochemicals, home appliances, education and publishing, ports, and banks. after the policy package is implemented, it is expected that incremental funds will benefit large-cap stocks and high-dividend stocks. on the other hand, the implementation of policies is expected to continue to improve market risk appetite. growth industries with low valuations, strong performance stability, and still high growth rates in the future are expected to usher in valuation repairs, mainly concentrated in electronics, communications, power equipment, pharmaceuticals and biology, and basic chemicals.

industrial fund believes that this policy exceeds market expectations, and the current a-share valuation has a high cost-performance ratio, and earnings are at the bottom. with the implementation of the policy, valuations and earnings are expected to rebound significantly, and it is recommended to actively deploy. in terms of allocation, it is mainly optimistic about the domestic consumption, real estate chain, pharmaceutical new energy, tmt and other sectors that have fallen in the first three quarters of this year.