On September 8, the A-share market fluctuated and diverged. The three major indices had mixed ups and downs. The Double Innovation Index rushed higher and fell. The closing price all fell by more than 1%, while the Shanghai Index closed slightly higher by 0.20%. In this context, the low-dividend ETF Huatai Berry bucked the trend and rose 1.00% to close at 1.207 yuan. The turnover rate was 2.32%, and the turnover reached 737 million yuan, ranking first among similar ETFs. According to the news, on September 6, the Industrial and Commercial Bank and the Agricultural Bank issued separate announcements to issue A-share shares to specific target companies, the Ministry of Finance, China Tobacco Corporation, and related subsidiaries. The total amount of capital raised will not exceed 260 billion yuan. After capital replenishment is completed, the core Tier 1 capital adequacy ratios of the two banks are expected to increase by 0.33 and 0.61 percentage points, respectively. The capital structure has been optimized to help enhance risk resilience. In total, credit investment space of about 2.43 trillion yuan can be leveraged. Galaxy Securities pointed out that the implementation of the financial central enterprise capital injection plan has strengthened the capital adequacy level and solvency of financial institutions, and provided strong support for subsequent business development, profit growth, and stable dividends. CITIC Construction Investment believes that the market has continued to be weak recently, and capital wait-and-see sentiment is strong. It is mainly related to a series of uncertain factors at home and abroad that have not yet been implemented, including whether the Federal Reserve will raise interest rates, whether the technology sector's chips will be cleared, whether incremental capital will enter the market, and whether favorable policies can be introduced. Therefore, it is expected that the current narrow fluctuation pattern may continue. Investors are advised to be patient and lay low after the market's pessimistic expectations are fully released. At the allocation level, a three-tier balanced structure can be adopted: high-boom offensive positions focus on AI computing power, AI applications, innovative drugs, industrial metals, etc.; dividend bases are allocated to sectors such as shipping, non-banking, banking, etc.; and low-level rebalance positions can be deployed in petroleum and petrochemicals, basic chemicals, coal, agriculture, etc. Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.

On September 8, the A-share market fluctuated and diverged. The three major indices had mixed ups and downs. The Double Innovation Index rushed higher and fell. The closing price all fell by more than 1%, while the Shanghai Index closed slightly higher by 0.20%. In this context, the low-dividend ETF Huatai Berry bucked the trend and rose 1.00% to close at 1.207 yuan. The turnover rate was 2.32%, and the turnover reached 737 million yuan, ranking first among similar ETFs. According to the news, on September 6, the Industrial and Commercial Bank and the Agricultural Bank issued separate announcements to issue A-share shares to specific target companies, the Ministry of Finance, China Tobacco Corporation, and related subsidiaries. The total amount of capital raised will not exceed 260 billion yuan. After capital replenishment is completed, the core Tier 1 capital adequacy ratios of the two banks are expected to increase by 0.33 and 0.61 percentage points, respectively. The capital structure has been optimized to help enhance risk resilience. In total, credit investment space of about 2.43 trillion yuan can be leveraged. Galaxy Securities pointed out that the implementation of the financial central enterprise capital injection plan has strengthened the capital adequacy level and solvency of financial institutions, and provided strong support for subsequent business development, profit growth, and stable dividends. CITIC Construction Investment believes that the market has continued to be weak recently, and capital wait-and-see sentiment is strong. It is mainly related to a series of uncertain factors at home and abroad that have not yet been implemented, including whether the Federal Reserve will raise interest rates, whether the technology sector's chips will be cleared, whether incremental capital will enter the market, and whether favorable policies can be introduced. Therefore, it is expected that the current narrow fluctuation pattern may continue. Investors are advised to be patient and lay low after the market's pessimistic expectations are fully released. At the allocation level, a three-tier balanced structure can be adopted: high-boom offensive positions focus on AI computing power, AI applications, innovative drugs, industrial metals, etc.; dividend bases are allocated to sectors such as shipping, non-banking, banking, etc.; and low-level rebalance positions can be deployed in petroleum and petrochemicals, basic chemicals, coal, agriculture, etc. Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.