NO.1 Multiple Securities ETFs See Capital Inflows Recently, several securities ETFs have experienced net capital inflows for multiple consecutive trading days. Wind data shows that E Fund Securities ETF maintained net capital inflows for 23 consecutive trading days from April 13 to May 18; Guotai Securities ETF maintained net capital inflows for 10 consecutive trading days (from April 29 to May 15), totaling 3.688 billion yuan. In terms of fund size changes, as of May 19, the size of E Fund Securities ETF reached 2.973 billion yuan, a week-on-week increase of 17.17%; Fullgoal Securities ETF and ChinaAMC Securities ETF saw week-on-week growth of 7.79% and 6.69%, respectively.

NO.2 New Fund Issuance Count Reaches Near 18-Week High Data from a public offering research platform shows that from May 18 to May 24, a total of 47 new funds opened for subscription across the entire market, marking a week-on-week increase for three consecutive weeks and reaching a new high in nearly 18 weeks. Notably, among the 47 newly issued funds this week, 11 were promoter funds, accounting for 23.40%. Promoter funds require fund managers to co-invest using their own capital, with a holding period of no less than three years. From the perspective of management institutions, a total of 30 public fund institutions participated in new fund issuance this week. GF Fund, Huaan Fund, and Tianhong Fund each led with 4 products.

NO.3 Top Ten Listed Companies in Suzhou and Wuhan Held by Public Funds Announced Data shows that as of the end of the first quarter, the top five Suzhou-listed companies by public fund investment market value were Zhongji Innolight (registered in Shandong, but core performance contributed by Suzhou Innolight), Tianfu Communication, Dongshan Precision, Hengtong Optic-Electric, and Shennan Circuits, primarily focused on high-speed optical modules, high-end PCBs, optical fiber and network, and AI data center high-speed optical interconnection. The top five Wuhan-listed companies by public fund investment market value were Aerospace Electronics, Yangtze Optical Fibre and Cable, FiberHome Telecommunication Technologies, Jingce Electronic, and Hongfa. In addition to optical fiber and cable and communication equipment, semiconductor testing equipment, industrial electronics, and military electronics also hold significant positions in Wuhan's industrial cluster.

NO.4 Zhu Shaoxing and Shi Bo Survey Moon Environment Recently, Moon Environment disclosed its investor relations activity record, showing that on May 15, Zhu Shaoxing, Bi Tianyu, Zhou Wenbo from Fullgoal Fund, along with Shi Bo and Ying Shuai from Southern Fund, jointly surveyed Moon Environment. Public information indicates that Moon Environment is dedicated to providing safe, environmentally friendly, and energy-efficient smart green energy system solutions in the fields of artificial environment control technology and comprehensive energy utilization technology. It meets users' specialized customization needs with its advanced intelligent manufacturing and system integration capabilities.

NO.5 TIGERMED: Xie Zhiyu Increases Holdings, Ge Lan Reduces Holdings On May 19, TIGERMED's latest list of top ten circulating shareholders showed that the China Europe Healthcare Hybrid Fund managed by Ge Lan and the Xingquan Herun Hybrid Fund managed by Xie Zhiyu were both present. As of May 13, their shareholdings were 26.1744 million shares and 14.7964 million shares, respectively, making them the company's fourth and seventh largest circulating shareholders. According to disclosed first-quarter report data, as of the end of Q1, the aforementioned two funds held 26.6443 million shares and 8.9965 million shares of TIGERMED, respectively. Among these, TIGERMED was the ninth largest holding in the China Europe Healthcare Hybrid Fund. A comparison reveals that the China Europe Healthcare Hybrid Fund reduced its holdings by 469,900 shares, while the Xingquan Herun Hybrid Fund increased its holdings by 5.7999 million shares.

NO.6 Previous Trading Day ETF Market Review On the previous trading day (May 20), the three major A-share indices showed mixed performance, with the STAR 50 Index surging over 3%. From a sector perspective, the semiconductor industry chain continued its strong performance, with Huahong and Cambricon both hitting record highs. The optical fiber concept saw repeated activity, the liquid cooling server concept strengthened, and the robotics concept showed localized movements in the afternoon. On the downside, the green power concept collectively adjusted. In terms of ETF gains, semiconductor equipment-related ETFs on the STAR Market rose over 6%. On the downside, power-related ETFs fell over 4%.

A MACD golden cross signal has formed, and these stocks are performing well.