Liquor ETF and Food & Beverage ETF rose against the market trend, while public offering funds reduced their allocation to the food and beverage sector in the fourth quarter.
The three major indices of the A-share market collectively fell today. At the close, the Shanghai Composite Index dropped by 2.48% to 4015 points, the Shenzhen Component Index fell by 2.69%, the ChiNext Index declined by 2.46%, and the STAR 50 Index decreased by 3.88%. The total market turnover amounted to 2.61 trillion yuan, representing a decline of 255.8 billion yuan compared to the previous trading day. Over 4,600 stocks fell, with more than 100 hitting the lower limit. In contrast, the food and beverage sector rose against the trend, with products such as the Liquor ETF, Huabao Food and Beverage ETF, Yinhua Food and Beverage ETF, Food and Beverage ETF Fund, Consumption ETF Hua Xia, and Tianhong Food and Beverage ETF showing gains. From the perspective of fund holdings,
ETF Market Close | The Shanghai Composite Index fell by 2%, narrowly holding above the 4,000-point mark. A wave of limit-downs hit the non-ferrous metals sector, with ETFs such as Gold Stocks ETF ICBC and Gold Equities ETF among the 31 ETFs hitting the lo
Gelonghui, February 2nd | The three major indices of the A-share market collectively fell today. By the close, the Shanghai Composite Index dropped by 2.48%, the Shenzhen Component Index fell by 2.69%, the ChiNext Index declined by 2.46%, and the Beijing Stock Exchange 50 Index decreased by 2.03%. The total trading volume of the Shanghai, Shenzhen, and Beijing markets reached 2.6066 trillion yuan, down 255.8 billion yuan compared to the previous day, with over 4,600 stocks falling across the three markets. In terms of sector performance, industries such as precious metals, oil and gas extraction and services, chemicals, coal, steel, semiconductors, PEEK materials, and lithography machine-related stocks experienced collective declines, while the liquor and power grid equipment sectors remained resilient. In the ETF space, the New Economy ETF Yinhua surged by 7.57%. The food and beverage sector...
[Data Insights] Five institutions collectively snapped up Luzhou Laojiao, while Tongling Youse's leaderboard shows a tug-of-war between bulls and bears.
① The liquor concept stocks collectively surged, with Luzhou Laojiao hitting the daily limit today. Five institutions purchased RMB 6.08 billion worth of shares. ② Tongling Nonferrous Metals achieved a 4-out-of-5-day trading surge, with intense competition among various capital flows. Among them, Shen Stock Connect bought RMB 2.41 billion, a top-tier speculative fund purchased RMB 1.47 billion, and a quantitative fund acquired RMB 0.85 billion, while two institutions sold RMB 1.41 billion worth of shares.
A long-awaited surge has arrived! The liquor sector collectively advanced, with Maotai soaring over 8%.
The upward movement in the market price of Feitian Maotai triggered a reversal in sector sentiment, with Guizhou Maotai surging during intraday trading and multiple stocks, including Luzhou Laojiao and Wuliangye Yibin, hitting their daily trading limits. Is the signal for capital flowing back into 'core consumption' becoming clearer?
ETF Market Close | Liquor stocks surged in the afternoon, with the Liquor ETF and two Brazil-focused ETFs hitting the daily limit.
Gelonghui, January 29 | The SSE Composite Index closed up by 0.16%, while the ChiNext Index fell by 0.57%. Liquor stocks surged with a wave of limit-up trading, with Kweichow Maotai rising more than 8%. Gold stocks continued their strong performance, with several hitting new highs. AI application themes remained active, led by short-video gaming. Real estate, insurance, and banking sectors were among the top gainers. Semiconductor, computing hardware, commercial aerospace, and humanoid robot concept stocks saw significant pullbacks. In the ETF market, liquor stocks surged in the afternoon, with Penghua Fund’s Liquor ETF hitting the limit-up. The Food & Beverage ETF Fund and Food & Beverage ETF rose by 7.89% and 7.58%, respectively. Oil and gas stocks performed actively, with Fuguo Fund’s S&P Oil & Gas.
The largest IPO in history! Is the alarm bell ringing again?
The hardest-hit sector suddenly surged.
Controlled supply news spurred a surge in the price of Feitian Maotai, with the wine ETF, food ETF, and food and beverage ETF rebounding.
The worst-performing sector rebounded. Shares of Kweichow Maotai and Wuliangye Yibin rose today, driving a rebound in the alcohol ETF and food & beverage ETF. The food & beverage ETF tracks the CSI Food Index, which includes leading companies across various sub-sectors such as baijiu, dairy, soft drinks, condiments, and snack foods. Its constituent stocks include Kweichow Maotai, Luzhou Laojiao, Haitian, Yili Group, Dophin Drink, and Angel Yeast. Year-to-date, the CSI 300 Index has risen by 16.82%, while the food and beverage sector has declined by 8.05%, ranking last among the Shenwan first-level industries. Over a longer time horizon, since its peak in February 2021, the food and beverage sector has cumulatively fallen.
Full List of Billion-Yuan Scale ETFs
As the difficulty of making concentrated bets on individual stocks increases, savvy investors have already quietly shifted their focus. ETFs are rewriting market rules with an overwhelming momentum! The total scale of domestic ETFs has historically surpassed the RMB 5 trillion mark! Since the beginning of this year, as many as 347 new ETFs have been established, a record high; the total scale surged from RMB 3.73 trillion at the beginning of the year to RMB 5.76 trillion, repeatedly hitting new historical highs. As of December 7, 2025, there are 1,373 ETFs in the entire market. Today, we outline the top 100 indices linked to domestic ETFs and their representative products, and compile a comprehensive list of the most influential ETFs with a market value exceeding RMB 10 billion. As the market shifts from...
New policies to boost consumption and a wave of AI product launches drive the exclusive Consumer Electronics ETF (159732) up over 1%, aiming for a third consecutive gain.
Gelonghui, November 27 - The consumer sector surged in yesterday's late trading session, with the retail and consumer electronics sectors rising in tandem, driving the Food and Beverage ETF to turn positive and rise. Today, the consumer electronics sector continued its upward momentum, with the Consumer Electronics ETF gaining 1%, marking a three-day winning streak. On the news front: ①The Ministry of Industry and Information Technology and five other departments issued the 'Implementation Plan for Enhancing Supply-Demand Fit in Consumer Goods to Further Promote Consumption,' highlighting: a. Promoting the application of artificial intelligence across all industries, fields, and processes in consumer goods, encouraging the development of home service robots, smart home appliances, AI-powered mobile phones, computers, toys, glasses, brain-computer interfaces, and other AI terminals; b.
October CPI rebound and policies to boost domestic demand lifted the Tourism ETF by 5%, while the Food & Beverage ETF attracted over RMB 2.9 billion in net inflows during the second half of the year, ranking first among its peers.
Gelonghui, November 10th | Today, consumer stocks in duty-free, airport, tourism, food, and baijiu sectors surged on A-share markets. Companies such as China Tourism Group Duty Free Corporation Limited, Guoguang Chain, Jinjiang Hotels, and Babei Food hit their price limits, driving the Tourism ETF to rise by another 5% after the afternoon opening, while the Food and Beverage ETF increased by 2.99%. In terms of news: ①The October CPI rose 0.2% year-on-year and month-on-month, reaching its highest level in eight months; core CPI increased 1.2% year-on-year, with the growth rate expanding for six consecutive months; the PPI fell 2.1% year-on-year but the decline narrowed, turning positive month-on-month by 0.1%, marking the first increase within the year. ②Going forward, the Ministry of Finance will continue to implement measures to...
Driven by the longest Spring Festival holiday in history and new duty-free policies, the tourism ETF rose 1% against the market trend.
Gelonghui, November 5th | Global stock markets fell today, while the retail and duty-free sectors of China's A-share market surged. Hainan Airport rose by 6%, China Duty Free Group increased by 3.71%, driving the tourism ETF up by 1%. The largest food and beverage ETF gained 0.18%. News highlights: ① Recently, the Ministry of Finance and four other departments jointly issued the 'Notice on Improving Duty-Free Shop Policies to Support Consumption Growth', expanding the range of offshore duty-free goods to 47 categories while increasing the variety of domestic products, aiming to redirect overseas consumption back domestically. ② Yesterday, officials announced that the 2026 Spring Festival holiday will run from February 15th to February 23rd, 2026, totaling 9 days.
Liquor ETFs and food & beverage ETFs rose, while active equity funds continued to reduce their holdings in the food and beverage sector during the third quarter.
The three major indices of China's A-share market collectively declined in the morning session. As of the midday break, the Shanghai Composite Index fell by 0.63% to 3,961.62 points, the Shenzhen Component Index dropped by 0.62%, and the ChiNext Index declined by 1.49%, while the Beijing Stock Exchange 50 Index rose by 3.43%. The trading volume of the Shanghai, Shenzhen, and Beijing markets reached RMB 1.5792 trillion in the half-day session, an increase of RMB 20 billion compared to the previous day, with more than 3,800 individual stocks rising across the entire market. Shares in the food and beverage sector increased, with gains observed in the Liquor ETF, Food and Beverage ETF Fund, Tianhong Food and Beverage ETF, Food and Beverage ETF, Food ETF, Consumption 30 ETF, among others. The Food and Beverage ETF tracks a sub-sector food index, focusing on...
Are individual investors taking on the challenge? In October, they became the main drivers of net ETF subscriptions.
① In October, the A-share market experienced fluctuations, with ETFs predominantly held by individual investors accumulating net subscriptions of 11.899 billion yuan, becoming the main force in market subscriptions; ② In terms of the intensity of net ETF subscriptions in October, individuals favored securities, consumption, and technology ETFs, while institutions focused on defensive products such as banking and dividend low-volatility funds, and significantly redeemed ETFs related to the CSI 500 Index; ③ During market adjustments, no large-scale withdrawal from individual-held ETFs was observed.
[Data Insights] Intense Institutional Trading in Several Memory Chip Concept Stocks; Foreign and Domestic Institutions Invest Nearly 300 Million Yuan in Shennan Circuits
①Popular memory chip stocks such as Jiangbo Long, Shannon Core Creation, and Deming Li have witnessed intense institutional trading. ②Shennan Circuits has gained favor among multiple sources of capital, with foreign investors and institutions collectively purchasing nearly RMB 300 million worth of shares.
Market volatility intensifies as investors adopt a dual-pronged strategy! Last week, over RMB 1.2 billion flowed into food and beverage ETFs, while the Huaxia Gold ETF attracted inflows for the 10th consecutive session.
Gelonghui, October 20th | The volatility of the broader market has significantly increased after the holiday, with substantial profit-taking leading to a notable pullback in technology stocks. Last week, international gold prices surged for five consecutive days to reach a new historical high. Continued net inflows from ETFs and margin financing indicate a strong willingness of investors to accumulate positions on dips, focusing on two aspects: 'safe-haven' and 'value for money.' The ETF market saw net inflows exceeding RMB 60 billion last week, with the top three indices attracting inflows being SGE Gold 9999, Hang Seng Tech, and CSI Bank. The lowest-cost gold ETF, Huaxia Gold ETF, has recorded net subscriptions for ten consecutive days, with total inflows surpassing RMB 1.4 billion. Additionally, 800 Consumption and Sub-sector Food indices also drew attention.
Market style rotation? The food and beverage sector is on track for a three-day winning streak, with analysts urging investors to seize the current low-level buying opportunity.
Gelonghui, October 16 — Following the dual festivals, 'small-cap' assets led by technology stocks experienced a significant pullback, while 'large-cap' assets represented by liquor stocks rebounded. The细分食品index rose by 0.34% today, aiming for a third consecutive gain, sparking market discussions about a potential style rotation. Catalysts include: ① In terms of industry dynamics, during the holiday period, overall liquor sales declined by 20%-30%. After prices of premium liquors like Maotai dropped, their cost-performance ratio improved. As Double Eleven e-commerce subsidy campaigns gradually kick off, continued attention should be paid to wholesale price trends. ② On October 15, Kweichow Maotai held a marketing symposium for its Maotai Sauce Aroma Series, signaling positive developments.
To hold stocks or cash? The dilemma resurfaces ahead of the holiday.
① Whether to hold stocks or cash? Based on the views of various brokers, it is generally believed that decisions should be made dynamically according to investors' risk preferences; ② Regarding the post-holiday market performance, brokers collectively anticipate a 'strong start.'
A sudden shift? A surge!
There are 423 funds that have doubled.
GF Securities: The Fed’s 'pre-emptive rate cut' may lead to a new round of global physical demand expansion.
The Federal Reserve's rate-cutting cycle is expected to bring three major benefits to Chinese corporate profitability: First, a 'soft landing' of the U.S. economy could stimulate demand in the U.S. market, thereby boosting Chinese exports; second, the narrowing interest rate gap between China and the U.S. provides room for domestic monetary policy adjustments, with expectations of a reduction in the Loan Prime Rate (LPR) further lowering local financing costs; third, it reduces the cost of overseas debt for Chinese companies, particularly benefiting high-leverage sectors such as real estate and infrastructure.
The national team has increased its holdings in these ETFs!
The shopping list is revealed!