9月14日11:00早盘｜央行开展5040亿隔夜逆回购，512890早盘涨0.42%获净申购6875万元

[ { "event_id": "20260914-092030-pbc-overnight-repo-5040bn", "title": "央行 7 天逆回购为零，开展 5040 亿元隔夜逆回购", "event_time_utc": "2026-09-14T01:20:30Z", "event_time_quality": "exact", "published_at_utc": "2026-09-14T01:20:30Z", "event_type": "rate_path", "asset_keys": [ "DIVIDEND" ], "direction_score": 0.15, "confidence": 0.99, "horizon": "1-3d", "raw_facts": { "agency": "中国人民银行公开市场业务操作室", "notice_number": "公开市场业务交易公告〔2026〕第 179 号", "notice_date": "2026-09-14", "notice_publish_time_local": "2026-09-14 09:20:30", "reverse_repo_7d": { "tender_volume_yuan": 0, "winning_volume_yuan": 0, "interest_rate_pct": 1.40 }, "overnight_reverse_repo": { "operation_volume_yuan": 504000000000, "operation_volume_100m_yuan": 5040, "daily_cap_100m_yuan": 6000, "schedule_window": "2026-09-14 至 2026-09-17" }, "macro_context": "9 月中旬税期申报截止日（9 月 15 日）走款平抑" }, "transmission_chain": "中国人民银行公开市场业务交易公告〔2026〕第 179 号显示，2026 年 9 月 14 日 7 天期逆回购操作量为零，同时开展了 5040 亿元隔夜逆回购操作。根据此前央行公告，央行于 9 月 14 日至 17 日期间每日设定不超 6000 亿元隔夜逆回购额度以应对月中税期走款。本次实际开展 5040 亿元超大规模流动性投放，有效平抑了短期资金面波动，防止货币市场隔夜利率过度冲高，维持银行间流动性充裕稳定，为高股息低波红利资产提供了低波动、确定性的无风险折现利率环境。", "invalidation_conditions": "若中国人民银行官方修正操作量公告或当日货币市场利率出现超预期异动，以央行官方最终清算数据为准。", "source_urls": [ "https://www.pbc.gov.cn/zhengcehuobisi/125207/125213/125431/125475/2026091409061795132/index.html", "https://finance.sina.com.cn/money/bank/2026-09-13/doc-inirszcu4366501.shtml" ], "source_tier": "Tier A" }, { "event_id": "20260914-090000-512890-shares-flow-5700w", "title": "512890 份额增 5700 万份，获净申购 6875.7 万元", "event_time_utc": "2026-09-14T01:00:34Z", "event_time_quality": "exact", "published_at_utc": "2026-09-14T01:00:34Z", "event_type": "fund_flow", "asset_keys": [ "DIVIDEND" ], "direction_score": 0.25, "confidence": 0.98, "horizon": "1-5d", "raw_facts": { "asset": "SSE.512890", "fund_name": "华泰柏瑞中证红利低波动交易型开放式指数证券投资基金", "target_trade_date": "2026-09-11", "disclosure_date": "2026-09-14", "net_inflow_yuan": 68757000, "net_inflow_wan_yuan": 6875.7, "net_inflow_rank_in_equity_etfs": "39/1325", "share_increase_shares": 57000000, "share_increase_wan_shares": 5700.0, "latest_total_shares_100m": 262.97, "latest_aum_100m_yuan": 316.43, "prev_day_aum_100m_yuan": 318.66, "inflow_share_of_prev_aum_pct": 0.22, "recent_5d_net_inflow_wan_yuan": 7219.97, "trade_type": "primary_market_subscription_not_secondary_turnover" }, "transmission_chain": "新浪基金原生详情页及第三方数据库披露，9 月 11 日（于 9 月 14 日早间 9:00 及 10:20 权威披露），华泰柏瑞中证红利低波动 ETF（512890）份额增加 5700.00 万份，最新总份额增至 262.97 亿份；当日一级市场获净申购 6875.7 万元，位列股票 ETF 净流入第 39 位；最新资产净值规模为 316.43 亿元。近 5 个交易日累计获净申购 7219.97 万元。在 9 月 11 日 A 股大盘普跌背景下，红利低波 ETF 不仅展现了二级市场抗跌韧性，更获一级市场增量资金净申购配置，显示出机构底仓资金对低波高股息策略的坚定认可。此数据为一级市场基金份额申赎流量，非二级市场场内撮合成交额。", "invalidation_conditions": "若华泰柏瑞基金或第三方数据库日终更正 9 月 11 日官方基金净申赎与份额数据，以基金管理人最终法定信息披露为准。", "source_urls": [ "http://finance.sina.com.cn/money/fund/aiassistant/etffebh/2026-09-14/doc-iniruarh4030424.shtml", "http://finance.sina.com.cn/money/fund/aiassistant/etfshzj/2026-09-14/doc-iniruarh4128719.shtml" ], "source_tier": "Tier A" }, { "event_id": "20260914-110920-512890-intraday-turnover-39937w", "title": "512890 早盘报 1.208 元涨 0.42%，成交 3.99 亿元", "event_time_utc": "2026-09-14T03:09:20Z", "event_time_quality": "exact", "published_at_utc": null, "event_type": "fund_flow", "asset_keys": [ "DIVIDEND" ], "direction_score": 0.20, "confidence": 0.98, "horizon": "intraday", "raw_facts": { "asset": "SSE.512890", "trade_date": "2026-09-14", "snapshot_time_local": "11:09:20", "current_price_yuan": 1.208, "prev_close_yuan": 1.203, "open_price_yuan": 1.202, "high_price_yuan": 1.213, "low_price_yuan": 1.201, "change_yuan": 0.005, "change_pct": 0.42, "cumulative_volume_hand": 3308495, "cumulative_turnover_wan_yuan": 39937.0, "cumulative_turnover_100m_yuan": 3.9937, "market_benchmark_comparison": { "shanghai_composite_index": 3890.91, "shanghai_composite_change_pct": 0.07, "shenzhen_component_index": 13427.03, "shenzhen_component_change_pct": -0.33, "excess_return_vs_shanghai_pct": 0.35 }, "trade_type": "secondary_market_intraday_turnover_not_fund_flow" }, "transmission_chain": "搜狐证券实时行情系统与分时明细接口显示，截至 9 月 14 日 11:09:20，512890 报 1.208 元，较前一交易日上涨 0.005 元（+0.42%），今开 1.202 元，最高触及 1.213 元，早盘累计撮合成交 330.85 万手、成交额达 3.9937 亿元。同期上证指数微涨 0.07%、深证成指下跌 0.33%，红利低波 ETF 相对上证指数录得 0.35%的稳健超额收益。买卖盘口交投活跃，场内承接买盘稳健推升 ETF 价格中枢。本数据为场内二级市场撮合成交额，非一级市场基金份额申赎流量。", "invalidation_conditions": "若上海证券交易所行情网关或行情服务商修正早盘撮合量价，以交易所最终清算数据为准。", "source_urls": [ "[https://hq.[stock.sohu.com/cn/890/cn_512890-1.html](https://hq.stock.sohu.com/cn/890/cn_512890-1.html)](https://stock.sohu.com/cn/890/cn_512890-1.html](https://hq.stock.sohu.com/cn/890/cn_512890-1.html))", "[https://q.[stock.sohu.com/cn/512890/index.shtml](https://q.stock.sohu.com/cn/512890/index.shtml)](https://stock.sohu.com/cn/512890/index.shtml](https://q.stock.sohu.com/cn/512890/index.shtml))" ], "source_tier": "Tier A" }, { "event_id": "20260911-10y-government-bond-yield-16850", "title": "10 年期国债收益率微升 0.31bp 报 1.6850%", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": null, "event_type": "rate_path", "asset_keys": [ "DIVIDEND" ], "direction_score": 0.05, "confidence": 0.98, "horizon": "1-10d", "raw_facts": { "rate_date_local": "2026-09-11", "source_agency": "中国货币网政府债券利率历史数据", "tenor_years": 10, "yield_pct": 1.6850, "prev_date_local": "2026-09-10", "prev_yield_pct": 1.6819, "change_bp": 0.31, "tenor_1y_yield_pct": 1.2166, "tenor_1y_prev_yield_pct": 1.2202, "tenor_1y_change_bp": -0.36, "term_spread_10y_minus_1y_bp": 46.84, "dividend_risk_premium_context": "红利低波股息率约 5.2%相对 10 年国债溢价近 350bp" }, "transmission_chain": "中国货币网官方历史利率数据披露，2026 年 9 月 11 日银行间 10 年期国债到期收益率报 1.6850%，较 9 月 10 日的 1.6819%微幅上行 0.31 个基点；同日 1 年期国债收益率由 1.2202%微降至 1.2166%，期限利差小幅走阔至 46.84bp。长端基准国债利率持续运行在 1.68%—1.69%的历史低位区间，红利低波策略当前股息率相对 10 年期国债收益率的风险溢价利差维持在近 350bp 的高位水平，为长期配置型险资与稳健机构资金提供了极具吸引力的类固收防御配置价值。", "invalidation_conditions": "若中国货币网或中债估值中心后续修正官方基准收益率数据，以官方最终发布数据为准。", "source_urls": [ "https://www.chinamoney.com.cn/chinese/sddsintigy/" ], "source_tier": "Tier A" }, { "event_id": "20260914-110637-512890-top10-holdings-morning-gain", "title": "512890 重仓股早盘均涨 0.52%，山东高速涨 2.07%", "event_time_utc": "2026-09-14T03:06:37Z", "event_time_quality": "exact", "published_at_utc": null, "event_type": "fund_flow", "asset_keys": [ "DIVIDEND" ], "direction_score": 0.25, "confidence": 0.98, "horizon": "intraday", "raw_facts": { "asset": "SSE.512890_top10_holdings", "date": "2026-09-14", "snapshot_time_local": "11:06:37", "holdings_count": 10, "advancers_count": 9, "decliners_count": 1, "unchanged_count": 0, "average_change_pct": 0.52, "holdings_detail": [ { "code": "sh600350", "name": "山东高速", "price_yuan": 10.36, "prev_close_yuan": 10.15, "change_yuan": 0.21, "change_pct": 2.07, "volume_hand": 141026 }, { "code": "sh601838", "name": "成都银行", "price_yuan": 20.20, "prev_close_yuan": 20.05, "change_yuan": 0.15, "change_pct": 0.75, "volume_hand": 96777 }, { "code": "sh601229", "name": "上海银行", "price_yuan": 9.77, "prev_close_yuan": 9.72, "change_yuan": 0.05, "change_pct": 0.51, "volume_hand": 273386 }, { "code": "sh601009", "name": "南京银行", "price_yuan": 12.30, "prev_close_yuan": 12.24, "change_yuan": 0.06, "change_pct": 0.49, "volume_hand": 207914 }, { "code": "sz000001", "name": "平安银行", "price_yuan": 11.79, "prev_close_yuan": 11.74, "change_yuan": 0.05, "change_pct": 0.43, "volume_hand": 432884 }, { "code": "sh601825", "name": "沪农商行", "price_yuan": 8.85, "prev_close_yuan": 8.82, "change_yuan": 0.03, "change_pct": 0.34, "volume_hand": 215655 }, { "code": "sh600919", "name": "江苏银行", "price_yuan": 12.61, "prev_close_yuan": 12.57, "change_yuan": 0.04, "change_pct": 0.32, "volume_hand": 590527 }, { "code": "sz000651", "name": "格力电器", "price_yuan": 38.75, "prev_close_yuan": 38.74, "change_yuan": 0.01, "change_pct": 0.03, "volume_hand": 115511 }, { "code": "sh601369", "name": "陕鼓动力", "price_yuan": 8.36, "prev_close_yuan": 8.38, "change_yuan": -0.02, "change_pct": -0.24, "volume_hand": 26527 } ], "market_context": { "shanghai_composite_change_pct": 0.07, "shenzhen_component_change_pct": -0.33, "excess_return_vs_shanghai_pct": 0.45 } }, "transmission_chain": "市场官方实时行情接口显示，截至 9 月 14 日 11:06:37，512890 前十大持仓股早盘呈现集体翻红走强的抗跌格局（9 只上涨，1 只微跌），持仓样本整体平均涨幅达+0.52%，显著跑赢同期上证指数（+0.07%）0.45 个百分点。公路蓝筹与红利银行股表现亮眼：山东高速大涨 2.07%（报 10.36 元），成都银行涨 0.75%、上海银行涨 0.51%、南京银行涨 0.49%、平安银行涨 0.43%、沪农商行涨 0.34%、江苏银行涨 0.32%、格力电器微涨 0.03%；仅陕鼓动力微跌-0.24%。权重成分股的集体稳健走强，为红利低波 ETF 早盘净值上涨提供了坚固的底层现金流与分红资产支撑。", "invalidation_conditions": "若交易所官方日终数据修正早盘个股成交价，以交易所最终官方行情为准。", "source_urls": [ "[https://hq.[stock.sohu.com/cn/890/cn_512890-1.html](https://hq.stock.sohu.com/cn/890/cn_512890-1.html)](https://stock.sohu.com/cn/890/cn_512890-1.html](https://hq.stock.sohu.com/cn/890/cn_512890-1.html))" ], "source_tier": "Tier A" } ]