--- title: "The monetary policy tone remains accommodative, the value of small-cap growth allocation is increasing, and the ChinaAMC CSI 1000 ETF (159845) is undergoing fluctuations and adjustments" type: "News" locale: "en" url: "https://longbridge.com/en/news/281600132.md" description: "On April 3rd, the three major indices of A-shares showed divergent trends, with the Shanghai Composite Index falling by 0.73%. The ChinaAMC CSI 1000 ETF saw a rebound after hitting a low in the morning session, down 0.67% as of 11:00. The central bank announced that it would continue to conduct a reverse repurchase operation of 500 million yuan, indicating that the direction of monetary policy remains moderately accommodative. Experts pointed out that the domestic macro policy tone is clear, providing support for the market. The ChinaAMC CSI 1000 Index reflects the performance of small-cap companies, closely tracking the ChinaAMC CSI 1000 ETF" datetime: "2026-04-03T03:23:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281600132.md) - [en](https://longbridge.com/en/news/281600132.md) - [zh-HK](https://longbridge.com/zh-HK/news/281600132.md) --- # The monetary policy tone remains accommodative, the value of small-cap growth allocation is increasing, and the ChinaAMC CSI 1000 ETF (159845) is undergoing fluctuations and adjustments As of near noon on April 3rd, the three major A-share indices showed divergent trends, with the Shanghai Composite Index down 0.73%. The ChinaAMC CSI 1000 ETF (159845.SZ) rebounded from a morning low and stabilized near the average price line, down 0.67% as of 11:00. Among other broad-based indices, the SSE 50 fell 0.48%, the CSI 300 dropped 0.38%, and the CSI 500 decreased by 0.57%. In terms of individual stock performance, among the top 50 weighted stocks in the CSI 1000 Index, the top gainers included Jiangfeng Electronics hitting the daily limit, Changxin Bochuang up 7.78%, Yuanjie Technology up 7.14%, and Yuntian Lifa up 3.73%; however, Fulian Precision and Great Wall Military Industry performed poorly, with changes of -3.93% and -3.7%, respectively. From an industry perspective, among the major sectors in the CSI 1000 Index, electronics rose 0.96%, power equipment fell 2.37%, pharmaceuticals and biotechnology dropped 2.07%, computers decreased 0.38%, and machinery and equipment fell 0.34%. On April 2nd, the People's Bank of China released a public market operation announcement indicating that the central bank conducted a 500 million yuan 7-day reverse repurchase operation via fixed rate and quantity bidding. The announcement also included the statement that "fully met the demand of primary dealers." This operation marked the second consecutive trading day of the central bank conducting a 500 million yuan reverse repurchase operation at a low volume. Experts noted that the addition of the phrase "fully met the demand of primary dealers" in the April 2nd announcement indicates that the low-volume operations do not imply a tightening of liquidity, and the direction of moderately loose monetary policy remains unchanged. Zhongyuan Securities stated that the domestic macro policy tone has become clearer, providing a solid bottom line support for the market. Domestic inflation is at a relatively low base, and monetary policy has independent space for reserve requirement ratio cuts and interest rate reductions; in the first year of the 14th Five-Year Plan, policies to stabilize the market and promote reforms are steadily being implemented; industrial enterprise profits saw a significant year-on-year rebound in January-February, and there are signs of inventory cycle replenishment, providing fundamental support for the market. The ChinaAMC CSI 1000 ETF (159845) closely tracks the CSI 1000 Index. The CSI 1000 Index consists of 1,000 stocks that are small in scale and have good liquidity, excluding the constituent stocks of the CSI 800 Index from all A-shares, and comprehensively reflects the stock price performance of a group of small-cap companies in the Chinese A-share market, with its off-exchange connecting funds (Class A: 013922; Class C: 013923). Daily Economic News ### Related Stocks - [159845.CN](https://longbridge.com/en/quote/159845.CN.md) ## Related News & Research - [The Men Who Broke the Pound May Now Break Interest Rates Lower](https://longbridge.com/en/news/286645917.md) - [BOE Has Time To Assess Impact Of War On Inflation, Says Bailey—Update](https://longbridge.com/en/news/287082374.md) - [US Treasury Secretary Bessent. Excess FX volatility is undesirable.](https://longbridge.com/en/news/286916018.md) - [Brazil economists see less monetary easing in 2026, poll shows](https://longbridge.com/en/news/286764717.md) - [Ghana seeks to sell 30% of gold from miners to boost reserves, central bank](https://longbridge.com/en/news/286756608.md)