Policy + Economic Dual Resonance! China Securities 1000 ETF (159845) Abundant Liquidity, Component Stock Yuanjie Technology Hits Daily Limit

On the morning of March 20, the three major A-share indices showed mixed performance, with the Shanghai Composite down 0.44%. As of 10:45, the CSI 1000 ETF (159845.SZ) declined 0.31%. Among other broad-based indices, the SSE 50 fell 0.43%, the CSI 300 rose 0.41%, and the CSI 500 declined 0.31%.

In terms of individual stocks, among the top 50 weighted stocks in the CSI 1000 index, the top gainers included Yuanjie Technology hitting the daily limit, Changxin Bochuang up 5.10%, Xingyuan Material up 5.04%, and Fulin Precision up 4.90%. However, Hande Information and Huicheng Environmental performed poorly, with declines of -4.94% and -4.87%, respectively.

Sector performance shows that among the major sectors in the CSI 1000, electronics rose 0.40%, power equipment increased 2.25%, pharmaceuticals and biotech declined 0.59%, computers fell 2.24%, and machinery equipment decreased 0.36%.

From a capital flow perspective, the CSI 1000 ETF (159845.SZ) saw a net inflow of 315 million yuan over the past five trading days, but a net outflow of 355 million yuan over the past ten days. Its latest size reached 8.489 billion yuan, a decrease of 5.342 billion yuan in the past month. Today’s intraday trading volume was 888 million yuan, with an average daily trading volume of 1.946 billion yuan over the past week, indicating good liquidity.

On March 18, the People’s Bank of China outlined key tasks for this year, emphasizing the continuation of a moderately loose monetary policy. It will use tools such as reserve requirement ratio adjustments, government bond purchases, MLF, and reverse repos to maintain ample liquidity. The central bank also aims to guide and regulate interest rates, strengthen policy implementation and supervision, and continue efforts to resolve debt risks in financial support for local government financing platforms. It remains committed to maintaining stable operation of stock, bond, and foreign exchange markets.

Ping An Securities stated that the National Bureau of Statistics released key growth data for January-February 2026. The Chinese economy’s growth rate increased in the first two months of 2026, with both supply and demand sides recovering. Industrial production performed strongly supported by exports and emerging industries, while consumption and services also rebounded amid an extended Spring Festival holiday. Macro policies promoting investment have begun to stabilize, with positive factors resonating across the economy.

The CSI 1000 ETF (159845) closely tracks the CSI 1000 index. The index consists of 1,000 small- and mid-cap stocks with good liquidity, selected from all A-shares after excluding the components of the CSI 800 index. It reflects the stock performance of a group of small-cap companies in China’s A-share market and is linked to off-market funds (Class A: 013922; Class C: 013923).

Daily Economic News

(Editors: He Chong)

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