8月26日09:00｜MLF净回笼1000亿，512890份额增2100万份

[ { "event_id": "20260825-10y-cgb-yield-close-16830", "title": "十年国债活跃券收于 1.6830%，上行 0.2bp", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T11:16:00Z", "event_type": "rate_path", "asset_keys": ["DIVIDEND"], "direction_score": -0.08, "confidence": 0.9, "horizon": "short_term", "raw_facts": { "coverage_window_local": "2026-08-25 15:00:00+08:00—2026-08-26 09:00:00+08:00", "instrument": "SSE.512890", "event_date_local": "2026-08-25", "published_at_local": "2026-08-25 19:16:00+08:00", "ten_year_active_bond": "26 附息国债 10", "ten_year_yield_pct": 1.683, "ten_year_yield_change_bp": 0.2, "thirty_year_active_bond": "26 超长特别国债 04", "thirty_year_yield_pct": 2.164, "thirty_year_yield_change_bp": 0.2, "month_to_date_ten_year_change_bp": -1.8, "month_to_date_thirty_year_change_bp": -2.4, "treasury_futures_close": { "tl_main_change_pct": -0.07, "tl_main_price": 116.62, "t_main_change_pct": -0.01, "t_main_price": 109.535, "tf_main_change_pct": -0.04, "tf_main_price": 106.56, "ts_main_change_pct": -0.02, "ts_main_price": 102.62 }, "dr001_weighted_note": "页面称 DR001 加权平均利率上行超 2BP 至 1.44%之上", "source_event_description": "第一财经文稿经新浪财经转载；收益率与国债期货为截至收盘口径" }, "transmission_chain": [ "10 年期国债活跃券收于 1.6830%、较前一交易日上行 0.2bp，30 年期活跃券收于 2.164%、上行 0.2bp，长债利率仍处低位但当日小幅回升。", "长债利率回升会压缩高股息资产相对无风险利率的利差优势；当日变动仅 0.2bp，对 SSE.512890 定价的影响需结合后续利率路径确认。", "该收益率变动本身不直接证明 512890 发生申购、净流入或净值变化。" ], "invalidation_conditions": [ "中国债券信息网或后续一手报价更正 2026-08-25 十年期、三十年期活跃券收盘收益率。", "第一财经或新浪转载页更正国债期货收盘价或 DR001 描述。" ], "source_urls": [ "http://finance.sina.com.cn/roll/2026-08-25/doc-inipprnq5548780.shtml" ], "source_tier": "Tier B" }, { "event_id": "20260825-pbc-mlf-5000bn-net-drain-1000bn", "title": "MLF 操作 5000 亿元，净回笼 1000 亿元", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T13:36:50Z", "event_type": "rate_path", "asset_keys": ["DIVIDEND"], "direction_score": -0.12, "confidence": 0.94, "horizon": "medium_term", "raw_facts": { "coverage_window_local": "2026-08-25 15:00:00+08:00—2026-08-26 09:00:00+08:00", "instrument": "SSE.512890", "event_date_local": "2026-08-25", "published_at_local": "2026-08-25 21:36:50+08:00", "operation_type": "中期借贷便利（MLF）", "operation_term": "1 年期", "operation_amount_100m_cny": 5000, "operation_amount_cny": 500000000000, "tender_method": "固定数量、利率招标、多重价位中标", "maturing_mlf_100m_cny": 6000, "net_drain_100m_cny": 1000, "net_drain_cny": 100000000000, "mlf_outstanding_balance_100m_cny": 74000, "mlf_outstanding_balance_cny": 7400000000000, "sequence_note": "页面称此前连续三个月加量操作后转为缩量", "related_overnight_repo_window_local": "2026-08-27—2026-09-01", "related_overnight_repo_daily_cap_100m_cny": 6000, "source_event_description": "每日经济新闻原站报道人民银行当日 MLF 操作与到期对照" }, "transmission_chain": [ "人民银行 2026 年 8 月 25 日开展 5000 亿元、1 年期 MLF，对照当日到期 6000 亿元实现净回笼 1000 亿元，余额降至 7.4 万亿元。", "中期流动性由加量转为缩量续作，可能抬升资金面边际紧度并影响长债利率与高股息资产相对定价，但净回笼不等于政策转向收紧。", "该操作本身不直接证明 SSE.512890 发生申购、净流入或净值变化。" ], "invalidation_conditions": [ "中国人民银行后续公告调整 2026-08-25 MLF 操作金额、期限或招标方式。", "到期量、净回笼额或 MLF 余额被官方数据更正。" ], "source_urls": [ "https://www.nbd.com.cn/articles/2026-08-25/4555854.html" ], "source_tier": "Tier B" }, { "event_id": "20260825-shandong-highway-margin-net-buy-245wan", "title": "山东高速融资净买入 245.45 万元", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-26T00:03:00Z", "event_type": "fund_flow", "asset_keys": ["DIVIDEND"], "direction_score": 0.05, "confidence": 0.88, "horizon": "intraday", "raw_facts": { "coverage_window_local": "2026-08-25 15:00:00+08:00—2026-08-26 09:00:00+08:00", "instrument": "SSE.512890", "event_date_local": "2026-08-25", "published_at_local": "2026-08-26 08:03:00+08:00", "holding_ticker": "600350", "holding_name": "山东高速", "price_change_pct": 1.58, "turnover_100m_cny": 1.8, "margin_buy_wan_cny": 958.19, "margin_repay_wan_cny": 712.74, "margin_net_buy_wan_cny": 245.45, "margin_balance_wan_cny": 4387.59, "margin_balance_to_float_mktcap_pct": 0.08, "margin_securities_balance_wan_cny": 6542.8, "short_sell_balance_wan_cny": 2155.21, "short_sell_shares_wan": 197.73, "512890_holding_asof": "2026-03-31", "512890_holding_rank_among_float": 4, "512890_holding_shares_wan": 5926.27, "512890_holding_change_shares_wan": 762.66, "holding_data_note": "持仓数据日期为 2026-03-31，不等于 2026-08-25 发生的持仓变动" }, "transmission_chain": [ "512890 持仓相关个股山东高速 2026-08-25 融资净买入 245.45 万元，收盘涨 1.58%，融资余额 4387.59 万元。", "持仓股两融净买入可能反映成分股交易活跃度，对 ETF 二级价格形成间接影响，但融资数据不等于 ETF 份额净申赎。", "页面同时给出截至 2026-03-31 的 512890 持仓，该持仓日期早于本窗口，不能当作当日持仓变动。" ], "invalidation_conditions": [ "交易所或数据提供方更正山东高速 2026-08-25 融资买入、偿还或余额。", "后续定期报告更正 512890 对山东高速的持股数量或排名。" ], "source_urls": [ "https://finance.sina.com.cn/stock/aiassist/lr/2026-08-26/doc-inipqxha2167780.shtml" ], "source_tier": "Tier B" }, { "event_id": "20260825-anhui-construction-margin-net-sell-943wan", "title": "安徽建工融资净卖出 942.53 万元", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-26T00:05:00Z", "event_type": "fund_flow", "asset_keys": ["DIVIDEND"], "direction_score": -0.04, "confidence": 0.88, "horizon": "intraday", "raw_facts": { "coverage_window_local": "2026-08-25 15:00:00+08:00—2026-08-26 09:00:00+08:00", "instrument": "SSE.512890", "event_date_local": "2026-08-25", "published_at_local": "2026-08-26 08:05:00+08:00", "holding_ticker": "600502", "holding_name": "安徽建工", "price_change_pct": 2.24, "turnover_100m_cny": 1.33, "margin_buy_wan_cny": 840.73, "margin_repay_wan_cny": 1783.26, "margin_net_buy_wan_cny": -942.53, "margin_balance_wan_cny": 25163.01, "margin_balance_to_float_mktcap_pct": 3.21, "margin_securities_balance_100m_cny": 2.54, "short_sell_balance_wan_cny": 250.53, "short_sell_shares_wan": 54.94, "512890_holding_asof": "2026-03-31", "512890_holding_rank_among_float": 2, "512890_holding_shares_wan": 7868.32, "512890_holding_change_shares_wan": 488.04, "holding_data_note": "持仓数据日期为 2026-03-31，不等于 2026-08-25 发生的持仓变动" }, "transmission_chain": [ "512890 持仓相关个股安徽建工 2026-08-25 融资净卖出 942.53 万元，收盘涨 2.24%，融资余额 2.516301 亿元。", "持仓股融资净流出与股价上涨并存，说明两融方向与当日涨跌可以背离，不能直接外推为 ETF 资金流出。", "页面同时给出截至 2026-03-31 的 512890 持仓，该持仓日期早于本窗口，不能当作当日持仓变动。" ], "invalidation_conditions": [ "交易所或数据提供方更正安徽建工 2026-08-25 融资买入、偿还或余额。", "后续定期报告更正 512890 对安徽建工的持股数量或排名。" ], "source_urls": [ "https://finance.sina.com.cn/stock/aiassist/lr/2026-08-26/doc-inipqxha2169106.shtml" ], "source_tier": "Tier B" }, { "event_id": "20260825-512890-shares-plus-2100wan", "title": "512890 份额增加 2100 万份至 280.87 亿份", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-26T01:00:00Z", "event_type": "fund_flow", "asset_keys": ["DIVIDEND"], "direction_score": 0.18, "confidence": 0.93, "horizon": "daily", "raw_facts": { "coverage_window_local": "2026-08-25 15:00:00+08:00—2026-08-26 09:00:00+08:00", "instrument": "SSE.512890", "instrument_name": "华泰柏瑞中证红利低波动 ETF", "event_date_local": "2026-08-25", "published_at_local": "2026-08-26 09:00:00+08:00", "share_change_wan": 2100.0, "share_change_yi": 0.21, "latest_shares_yi": 280.87, "latest_aum_100m_cny": 333.17, "near_20d_share_change_yi": -14.81, "secondary_close_change_pct": -0.34, "secondary_turnover_100m_cny": 10.25, "turnover_definition": "二级市场成交额，不等同于基金份额净申赎", "share_flow_definition": "基金份额变动，反映一级市场净申赎口径，不等于二级市场成交额", "source_event_description": "新浪基金∞工作室份额变动页" }, "transmission_chain": [ "512890 在 2026-08-25 份额增加 2100.00 万份，最新份额 280.87 亿份、最新规模 333.17 亿元，近 20 个交易日份额仍减少 14.81 亿份。", "当日二级市场收跌 0.34%、成交额 10.25 亿元，与份额净增加并存，说明场内价格波动与份额净申赎可以同日反向。", "份额增加提高 ETF 可交易规模，但对净值与指数跟踪误差的影响仍取决于申赎清单与成分股成交。" ], "invalidation_conditions": [ "基金管理人、交易所或新浪基金数据源更正 2026-08-25 的 512890 份额、规模或近 20 日份额变动。", "后续披露显示当日份额变动口径与页面不一致。" ], "source_urls": [ "http://finance.sina.com.cn/money/fund/aiassistant/etffebh/2026-08-26/doc-inipqxfy5459703.shtml" ], "source_tier": "Tier B" } ]