2026-09-03 11:00 证券ETF结构化事件流

[ { "event_id": "exchanges-cn-20260902-market-turnover", "title": "9 月 2 日上交所股票与深市合计成交额分别为 8361.46 和 9567.41 亿元", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": null, "event_type": "turnover_data", "asset_keys": [ "SECURITIES" ], "direction_score": { "SECURITIES": -1 }, "confidence": 97, "horizon": "days", "raw_facts": { "event_date": "2026-09-02", "statistics_date": "2026-09-02", "sse": { "stock_turnover_amount": "8361.46 亿元", "main_board_A_turnover_amount": "6162.98 亿元", "main_board_B_turnover_amount": "2.3 亿元", "STAR_market_turnover_amount": "2196.18 亿元", "stock_repurchase_turnover_amount": "0.69 亿元", "source_definition": "上交所每日股票情况表的成交金额（亿元）" }, "szse": { "all_stock_turnover_amount": "9567.41 亿元", "main_board_turnover_amount": "5143.12 亿元", "ChiNext_turnover_amount": "4424.29 亿元", "source_definition": "深交所股票概况报表的成交金额（亿元），统计范围说明包含存托凭证" }, "derived": "基于上交所股票 8361.46 亿元与深交所深市合计 9567.41 亿元两个同为亿元字段的机械相加结果：17928.87 亿元；两张表的统计范围分别保留，该结果不是任一交易所单独公布的总额，也不作完全同口径市场总额解释" }, "transmission_chain": [ "上交所股票成交额为 8361.46 亿元，深交所深市合计成交额为 9567.41 亿元，两个官方表的范围和名称分别保留", "在频道监测的两个官方字段机械相加口径下，结果为 17928.87 亿元，低于 18000 亿元关键量级", "若该监测值持续低于关键量级，券商经纪与两融交易基数可能承压；单日数据不单独证明趋势" ], "invalidation_conditions": [ "上交所或深交所修订 2026-09-02 成交金额或统计口径", "后续连续交易日成交规模回到并稳定高于关键量级" ], "source_urls": [ "https://www.sse.com.cn/market/stockdata/overview/day/", "https://www.szse.cn/api/report/ShowReport/data?SHOWTYPE=JSON&CATALOGID=scsj_gprdgk_after&txtQueryDate=2026-09-02&random=0.126" ], "source_tier": "A" }, { "event_id": "exchanges-cn-20260902-margin-balance", "title": "9 月 2 日沪深两融余额均较前一日下降", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": null, "event_type": "margin_balance", "asset_keys": [ "SECURITIES" ], "direction_score": { "SECURITIES": -1 }, "confidence": 99, "horizon": "days", "raw_facts": { "event_date": "2026-09-02", "statistics_date": "2026-09-02", "sse": { "margin_balance": "1363843457693 元", "financing_balance": "1345009259547 元", "financing_buy_amount": "78383553522 元", "short_selling_balance_amount": "18834198146 元", "short_selling_balance": "3148152437（按标的证券类型计为股、份或手；上交所汇总不统一折算）", "short_selling_sell_amount": "61014625（按标的证券类型计为股、份或手；上交所汇总不统一折算）", "source_definition": "上交所融资融券汇总表；余额及金额为元，余量和卖出量按标的证券类型分别以股、份或手计量" }, "szse": { "margin_balance": "12886.60 亿元", "financing_balance": "12780.65 亿元", "financing_buy_amount": "703.97 亿元", "short_selling_balance_amount": "105.94 亿元", "short_selling_balance": "12.18 亿股/亿份", "short_selling_sell_amount": "0.27 亿股/亿份", "source_definition": "深交所融资融券信息报表" }, "comparison_with_2026-09-01": "上交所融资融券余额由 1365747710241 元变为 1363843457693 元，基于原始字段的算术结果为-1904252548 元、约-0.1394293%；深交所融资融券余额由 12923.97 亿元变为 12886.60 亿元，基于原始字段的算术结果为-37.37 亿元、约-0.2891526%" }, "transmission_chain": [ "上交所与深交所官方口径的融资融券余额均较 2026-09-01 下降", "余额下降是杠杆敞口的边际变化；它还可能受价格波动、偿还和新开仓等因素影响，不能单凭余额下降确认资金流量或两融业务活动收缩", "作为短期杠杆敞口偏弱的监测信号，证券 ETF 方向分记为-1，沪深两所原始单位不作跨表强行换算" ], "invalidation_conditions": [ "交易所修订 2026-09-02 或 2026-09-01 余额", "后续官方日值显示余额重新显著回升并改变边际方向" ], "source_urls": [ "https://www.sse.com.cn/market/dealingdata/overview/margin/a/rzrqjygk20260902.xls", "https://www.szse.cn/api/report/ShowReport/data?SHOWTYPE=JSON&CATALOGID=1837_xxpl&txtDate=2026-09-02&random=0.123", "https://www.sse.com.cn/market/dealingdata/overview/margin/a/rzrqjygk20260901.xls", "https://www.szse.cn/api/report/ShowReport/data?SHOWTYPE=JSON&CATALOGID=1837_xxpl&txtDate=2026-09-01&random=0.124" ], "source_tier": "A" }, { "event_id": "exchanges-cn-20260902-margin-weekly-change", "title": "两融余额周变动约+0.065%，未超 3%", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": null, "event_type": "margin_balance", "asset_keys": [ "SECURITIES" ], "direction_score": { "SECURITIES": 0 }, "confidence": 99, "horizon": "weeks", "raw_facts": { "event_date": "2026-09-02", "comparison_period": "2026-08-28 至 2026-09-02", "sse": { "2026-08-28_margin_balance": "1361384959204 元", "2026-09-02_margin_balance": "1363843457693 元", "change": "+2458498489 元", "change_rate": "约+0.1805880455%" }, "szse": { "2026-08-28_margin_balance": "12893.93 亿元", "2026-09-02_margin_balance": "12886.60 亿元", "change": "-7.33 亿元", "change_rate": "约-0.0568484550%" }, "derived": "基于两所表中均以亿元列示的余额做算术相加：2026-08-28 为 26507.77959204 亿元，2026-09-02 为 26525.03457693 亿元，增加 17.25498489 亿元，约+0.0650940409%；该合计为算术结果，不是单一官方口径" }, "transmission_chain": [ "截至 2026-09-02，沪深两融余额相对 2026-08-28 的算术合计变化约+0.0650940409%", "周度变化远低于 3%硬阈值，因此没有快速杠杆资金进出信号，证券 ETF 方向记为 0" ], "invalidation_conditions": [ "交易所修订比较区间内任一日值或统计口径", "后续官方基准重算后周度变化达到或超过 3%" ], "source_urls": [ "https://www.sse.com.cn/market/dealingdata/overview/margin/a/rzrqjygk20260828.xls", "https://www.szse.cn/api/report/ShowReport/data?SHOWTYPE=JSON&CATALOGID=1837_xxpl&txtDate=2026-08-28&random=0.125", "https://www.sse.com.cn/market/dealingdata/overview/margin/a/rzrqjygk20260902.xls", "https://www.szse.cn/api/report/ShowReport/data?SHOWTYPE=JSON&CATALOGID=1837_xxpl&txtDate=2026-09-02&random=0.123" ], "source_tier": "A" }, { "event_id": "sse-cn-20260902-suoyuan-ipo-subscription", "title": "燧原科技 688801 于 9 月 2 日申购", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": null, "event_type": "ipo_pipeline", "asset_keys": [ "SECURITIES" ], "direction_score": { "SECURITIES": 0 }, "confidence": 99, "horizon": "weeks", "raw_facts": { "event_date": "2026-09-02", "issuer": "燧原科技", "stock_code": "688801", "online_and_offline_subscription_date": "2026-09-02（T 日）", "issue_price": "142.18 元/股", "offering_size": "4303.5173 万股", "source_document_date": "2026-09-01", "excluded_data": "本事件不采用非官方来源的中签率数字" }, "transmission_chain": [ "上交所发行公告确认科创板燧原科技于 2026-09-02 进入网上、网下申购，发行管线进入执行阶段", "该事实只说明可能产生承销与经纪业务机会；公告没有披露承销商、经纪活动量或收入，不把它外推为已发生业务活动，因此方向不预判" ], "invalidation_conditions": [ "上交所或发行人公告修订申购日、发行价格或发行数量", "发行安排被暂停、取消或重新确定" ], "source_urls": [ "http://big5.sse.com.cn/site/cht/www.sse.com.cn/disclosure/listedinfo/announcement/c/new/2026-09-01/688801_20260901_O4JL.pdf" ], "source_tier": "A" }, { "event_id": "hkex-hk-20260902-main-board-daily-turnover", "title": "港交所 9 月 2 日主板成交额 HK$216,690,722,379", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": null, "event_type": "turnover_data", "asset_keys": [ "SECURITIES" ], "direction_score": { "SECURITIES": 0 }, "confidence": 99, "horizon": "days", "raw_facts": { "event_date": "2026-09-02", "statistics_date": "2026-09-02", "market_scope": "主板（含 Trading Only）", "turnover_amount": "HK$216,690,722,379", "share_volume": "281,012,444,351 股", "trades": "3,946,359", "securities_traded": "8,257", "rmb_products_turnover": "CNY172,829,399", "hang_seng_index": "收 25311.21；变动-18.52；-0.073%", "market_breadth": "上升证券数量 4134；下跌证券数量 6707；持平证券数量 5001" }, "transmission_chain": [ "港交所完整主板日统计给出跨境市场成交活动与风险偏好参考", "该数据不替代 A 股交易所口径，也未单独构成 SSE.512880 方向信号，因此方向记为 0" ], "invalidation_conditions": [ "港交所修订 2026-09-02 主板日统计", "统计页面口径改为不含 Trading Only 或混入 GEM" ], "source_urls": [ "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d260902e.htm", "https://www.hkex.com.hk/eng/stat/smstat/dayquot/qtn.asp" ], "source_tier": "A" }, { "event_id": "hkex-hk-20260902-gem-daily-turnover", "title": "港交所 9 月 2 日 GEM 成交额 HK$160,883,250", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": null, "event_type": "turnover_data", "asset_keys": [ "SECURITIES" ], "direction_score": { "SECURITIES": 0 }, "confidence": 99, "horizon": "days", "raw_facts": { "event_date": "2026-09-02", "statistics_date": "2026-09-02", "market_scope": "GEM", "turnover_amount": "HK$160,883,250", "share_volume": "434,495,849 股", "trades": "7,038", "securities_traded": "185", "rmb_products_turnover": "CNY0", "gem_index": "收 21.34；变动-0.14；-0.652%", "market_breadth": "上升 86；下跌 75；持平 148", "derived": "主板成交额与 GEM 成交额的算术合计为 HK$216,851,605,629，不是港交所单一官方公布总额" }, "transmission_chain": [ "GEM 日统计补充港股完整交易日的市场覆盖，但其成交额相对主板较小", "该数据不直接替代 A 股证券 ETF 成交或方向信号，方向记为 0" ], "invalidation_conditions": [ "港交所修订 2026-09-02 GEM 统计", "页面统计范围或指数定义发生更改" ], "source_urls": [ "https://www.hkex.com.hk/eng/stat/smstat/dayquot/GEM/e_G260902.htm", "https://www.hkex.com.hk/eng/stat/smstat/dayquot/gem/qtn.asp" ], "source_tier": "A" }, { "event_id": "fed-us-20260902-beige-book", "title": "美联储褐皮书：10 个地区轻微至温和增长", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": null, "event_type": "liquidity_flow", "asset_keys": [ "SECURITIES" ], "direction_score": { "SECURITIES": 0 }, "confidence": 95, "horizon": "weeks", "raw_facts": { "event_date": "2026-09-02", "publication_date": "2026-09-02", "report": "2026 年 8 月期褐皮书", "economic_activity": "自 7 月初以来经济活跃度温和增长；12 个地区中 10 个报告轻微至温和增长，2 个无变化", "financial_conditions": "金融条件略改善，多数地区贷款量稳健或增加", "employment": "就业非常轻微上升；工资温和至中度增长", "prices": "8 个地区中度上涨、2 个地区温和上涨、1 个地区轻微上涨、1 个地区显著上涨", "change_from_previous_report": "经济活动判断相对上期：8 个地区持平、3 个放缓、1 个加快" }, "transmission_chain": [ "美联储地区调查给出温和增长、金融条件略改善与物价仍涨的混合信号", "这些定性信息可能通过 FOMC 前政策预期、美国利率和美元估值影响跨境风险偏好；这里是待观察的传导机制，不宣称相关市场变量已发生同向变化", "该定性报告不提供足以推导证券 ETF 单边方向的硬数据，方向记为 0" ], "invalidation_conditions": [ "美联储修订本期褐皮书内容或发布日期", "后续官方数据显著改变对增长、就业或物价的判断" ], "source_urls": [ "[https://www.[federalreserve.gov/monetarypolicy/beigebook202608-summary.htm](https://www.federalreserve.gov/monetarypolicy/beigebook202608-summary.htm)](https://federalreserve.gov/monetarypolicy/beigebook202608-summary.htm](https://www.federalreserve.gov/monetarypolicy/beigebook202608-summary.htm))", "[https://www.[federalreserve.gov/recentpostings.htm](https://www.federalreserve.gov/recentpostings.htm)](https://federalreserve.gov/recentpostings.htm](https://www.federalreserve.gov/recentpostings.htm))", "[https://www.[federalreserve.gov/monetarypolicy/publications/beige-book-default.htm](https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm)](https://federalreserve.gov/monetarypolicy/publications/beige-book-default.htm](https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm))" ], "source_tier": "A" }, { "event_id": "nyfed-us-20260902-on-rrp", "title": "纽约联储 ON RRP 中标$525,000,000", "event_time_utc": "2026-09-02T17:15:00Z", "event_time_quality": "exact", "published_at_utc": null, "event_type": "liquidity_flow", "asset_keys": [ "SECURITIES" ], "direction_score": { "SECURITIES": 0 }, "confidence": 96, "horizon": "days", "raw_facts": { "event_date": "2026-09-02", "operation_date_us_eastern": "2026-09-02", "operation": "隔夜逆回购（ON RRP）", "time_us_eastern": "12:45–13:15", "total_amount_submitted": "$525,000,000", "total_amount_accepted": "$525,000,000", "rate": "3.50%", "collateral": "Treasury", "operation_id": "RP09022626", "same_day_overnight_repo_context": "08:15–08:30 与 13:30–13:45 两场隔夜回购的投标量、中标量均为$0，利率档 3.75%，操作编号 RP09022625、RP09022627", "timestamp_basis": "官方 API 记录操作时段为 12:45–13:15 ET；event_time_utc 取操作结束时刻 13:15 ET。API 的 lastUpdated 为 2026-09-02 13:15:20 ET，仅是数据端点更新时间，不作为独立稿件发布时间，因此 published_at_utc 为 null" }, "transmission_chain": [ "ON RRP 承接量与隔夜回购需求是美国短端资金面观测", "本日单笔 ON RRP 中标额与两场回购零投标共同构成流动性背景，但不足以单独推导 A 股证券 ETF 方向", "方向记为 0，等待后续连续日数据确认资金面变化" ], "invalidation_conditions": [ "纽约联储修订该操作金额、利率、操作编号或 lastUpdated 含义", "后续官方数据表明当日记录为更正值" ], "source_urls": [ "[https://markets.[newyorkfed.org/api/rp/results/search.json?startDate=2026-09-01&endDate=2026-09-02](https://markets.newyorkfed.org/api/rp/results/search.json?startDate=2026-09-01&endDate=2026-09-02)](https://newyorkfed.org/api/rp/results/search.json?startDate=2026-09-01&endDate=2026-09-02](https://markets.newyorkfed.org/api/rp/results/search.json?startDate=2026-09-01&endDate=2026-09-02))", "[https://www.[newyorkfed.org/markets/desk-operations/reverse-repo](https://www.newyorkfed.org/markets/desk-operations/reverse-repo)](https://newyorkfed.org/markets/desk-operations/reverse-repo](https://www.newyorkfed.org/markets/desk-operations/reverse-repo))" ], "source_tier": "A" }, { "event_id": "hkex-hk-20260903-tiancheng-share-consolidation", "title": "天成控股 2110 于 9 月 3 日实施 10 股合 1 股", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": null, "event_type": "regulation", "asset_keys": [ "SECURITIES" ], "direction_score": { "SECURITIES": 0 }, "confidence": 99, "horizon": "days", "raw_facts": { "event_date": "2026-09-03", "notice": "PT/NIS/SMD/130/2026", "notice_date": "02/09/2026", "issuer": "天成控股", "stock_code": "2110", "effective_date": "2026-09-03", "share_consolidation": "10 股合 1 股", "temporary_stock_code": "2913（OTP-C 临时股票页）", "adjustment_formula": "Adjusted Previous Closing Price = 生效前一日收市价 × R；R=10/1", "scope_note": "通告说明该临时页及调整前收市价仅供参考", "id_date_basis": "事件 ID 日期按资本重组生效日 2026-09-03 记录；通告日期为 02/09/2026" }, "transmission_chain": [ "港交所通告确认天成控股资本重组生效后，临时股票页按 10 股合 1 股的 R=10/1 公式显示调整前收市价", "这是公司行动与交易显示规则变化，不直接改变 A 股证券 ETF 资产基本面，方向记为 0" ], "invalidation_conditions": [ "港交所或发行人公告延后、撤回或修订资本重组比例", "通告中的临时股票代码、公式或生效日被官方更正" ], "source_urls": [ "https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/SEHK/2026/SMD2026130_e.pdf", "https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/SEHK/2026/SMD2026130_c.pdf" ], "source_tier": "A" }, { "event_id": "pbc-cn-20260903-omo-zero", "title": "央行 9 月 3 日 7 天期逆回购操作量为 0 亿元", "event_time_utc": "2026-09-03T01:20:30Z", "event_time_quality": "exact", "published_at_utc": "2026-09-03T01:20:30Z", "event_type": "liquidity_flow", "asset_keys": [ "SECURITIES" ], "direction_score": { "SECURITIES": 0 }, "confidence": 98, "horizon": "days", "raw_facts": { "event_date": "2026-09-03", "announcement": "公开市场业务交易公告[2026]第 172 号", "publication_time_beijing": "2026-09-03 09:20:30", "operation_date": "2026-09-03", "term": "7 天期逆回购", "operation_amount": "0 亿元", "total_amount_submitted": "0 亿元", "total_amount_accepted": "0 亿元", "net_injection": null, "net_injection_note": "未计算；该公告未给出当日到期量，因此不把 0 亿元操作量冒充净投放或净回笼" }, "transmission_chain": [ "央行当日 7 天期逆回购投放量、投标量和中标量均为 0 亿元", "该公告未给出到期量，不能把 0 亿元操作量冒充当日净投放或净回笼", "在现有可核验字段下，未见新增公开市场短端投放，对证券 ETF 方向记为 0" ], "invalidation_conditions": [ "央行修订第 172 号公告或补充披露到期量", "后续官方资金面数据显示短端流动性出现与当前判断不一致的变化" ], "source_urls": [ "http://www.pbc.gov.cn/zhengcehuobisi/125207/125213/125431/125475/2026090308483817494/index.html" ], "source_tier": "A" } ]