The central bank increases net injections! The low volatility ETF by Huatai Bairui attracts 690 million yuan against the trend! Cai Xin Securities: Late August may welcome a long opportunity.

On May 26, the market opened with volatility and adjustment, with the Shanghai Composite Index falling by 0.84%, the Shenzhen Component Index dropping by 0.87%, and the ChiNext Index decreasing by 0.51%. In this context, the dividend low volatility ETF Huatai Bairui slightly increased by 0.09% to 1.153 yuan, with a turnover rate of 1.13% and a trading volume of 3.57 billion yuan, ranking first among similar ETFs. In terms of funds, the dividend low volatility ETF Huatai Bairui has been favored by funds for a long time. In the past five trading days, the net inflow of funds was 690 million yuan, and in the past 60 trading days, the net inflow of funds was 2.03 billion yuan. As of May 25, 2026, the circulating scale of the dividend low volatility ETF Huatai Bairui was 31.531 billion yuan. In terms of news, the People's Bank of China continues to intensify open market operations. On May 25, the central bank conducted 258 billion yuan of 7-day reverse repurchase operations, with a net injection of 357 billion yuan in a single day. Many institutional experts believe that the financial situation may return from "super loose" to "moderately loose." Guotai Haitong Securities stated that stock market adjustments, like summer "showers," are normal and do not mean that the Chinese stock market will stop here. With the decline in risk-free returns, the abundance of momentum from capital market reforms and transformations boosting development expectations, short-term adjustments may actually present good opportunities. Caixin Securities believes that in the medium term, the overall market will continue to fluctuate upwards, but investors should manage their investment rhythm well. In late May, it is recommended to control positions reasonably, adjust towards defense, and wait quietly for the next round of buying opportunities. It is expected that from late August to the end of October, the A-share market index may see a favorable period for buying again. In the near future, investors can focus on sectors benefiting from short-term price increases, such as coal, coal chemical, and steel in the black sector; the "pan-technology" sector; high dividend assets; and consumer medicine sectors. Investors can consider using the dividend low volatility ETF Huatai Bairui as a core portfolio allocation. Investors without stock accounts can also allocate through its off-exchange linked funds.