On November 4, after the market surged up and fell back, it picked up slightly again. The three major stock indexes had mixed ups and downs in early trading. The Shanghai index fell 0.10%, and the index rose 0.10%. In this context, the low-dividend ETF Huatai Berry bucked the trend and rose 0.32% to 1.242 yuan, with a turnover rate of 1.21% and a half-day turnover of 395 million yuan, ranking first among similar ETFs. According to the news, the People's Bank of China is stepping up the implementation of stock repurchases to increase holdings and reloan policies. Starting November 4, 2026, the interest rate for stock repurchases and refinancing was lowered by 0.25 percentage points to 1%. Support targets for stock repurchases and additional loans are provided to 21 national banks and 5 systemically important commercial banks. The support ratio is 100%, the period is 1 year, and it can be extended according to bank needs. Banks can appropriately add points to reloan interest rates, reasonably determine loan terms and interest rates for stock repurchases and increase holdings, speed up loan investment, and enhance the market value management capabilities of listed companies and major shareholders. Guoxin Securities pointed out that in November, the probability that the overseas monetary environment will ease marginally will rise. If the US dollar and US bond yields peak and fall back, it will open up room for equity valuation repair in emerging markets, and foreign risk appetite is expected to usher in a marginal improvement. The policy tone of steady domestic growth and moderate easing continues. Fiscal and monetary coordination combined with the continuous improvement of the basic system of the capital market will help consolidate the liquidity and confidence base for the mid-term operation of A-shares. The market may gradually complete style rebalancing in the midst of turbulence, and the excessive decline in high-quality assets ushered in an opportunity for restoration. Yang Chao, chief strategy analyst at China Galaxy Securities, judged that the characteristics of repeated market shocks, continuous sector rotation, and time trading space are expected to continue: “The probability of interest rate hikes at the December Fed interest rate meeting has increased dramatically, and short-term long-term interest rates on US bonds have limited room to decline. Although this factor may further suppress the performance of growth stocks, there is still a chance for AI hardware to rebound; in addition, the allocation logic of the banking and energy sector has not changed, and the food and beverage sector is relatively outstanding in terms of cost performance.” Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.

On November 4, after the market surged up and fell back, it picked up slightly again. The three major stock indexes had mixed ups and downs in early trading. The Shanghai index fell 0.10%, and the index rose 0.10%. In this context, the low-dividend ETF Huatai Berry bucked the trend and rose 0.32% to 1.242 yuan, with a turnover rate of 1.21% and a half-day turnover of 395 million yuan, ranking first among similar ETFs. According to the news, the People's Bank of China is stepping up the implementation of stock repurchases to increase holdings and reloan policies. Starting November 4, 2026, the interest rate for stock repurchases and refinancing was lowered by 0.25 percentage points to 1%. Support targets for stock repurchases and additional loans are provided to 21 national banks and 5 systemically important commercial banks. The support ratio is 100%, the period is 1 year, and it can be extended according to bank needs. Banks can appropriately add points to reloan interest rates, reasonably determine loan terms and interest rates for stock repurchases and increase holdings, speed up loan investment, and enhance the market value management capabilities of listed companies and major shareholders. Guoxin Securities pointed out that in November, the probability that the overseas monetary environment will ease marginally will rise. If the US dollar and US bond yields peak and fall back, it will open up room for equity valuation repair in emerging markets, and foreign risk appetite is expected to usher in a marginal improvement. The policy tone of steady domestic growth and moderate easing continues. Fiscal and monetary coordination combined with the continuous improvement of the basic system of the capital market will help consolidate the liquidity and confidence base for the mid-term operation of A-shares. The market may gradually complete style rebalancing in the midst of turbulence, and the excessive decline in high-quality assets ushered in an opportunity for restoration. Yang Chao, chief strategy analyst at China Galaxy Securities, judged that the characteristics of repeated market shocks, continuous sector rotation, and time trading space are expected to continue: “The probability of interest rate hikes at the December Fed interest rate meeting has increased dramatically, and short-term long-term interest rates on US bonds have limited room to decline. Although this factor may further suppress the performance of growth stocks, there is still a chance for AI hardware to rebound; in addition, the allocation logic of the banking and energy sector has not changed, and the food and beverage sector is relatively outstanding in terms of cost performance.” Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.