[High capital inflows and outflows have become the norm, forcing ETF operation and management to upgrade] September 15th, since the beginning of this year, the A-share market has undergone significant structural differentiation, hot sectors have rotated rapidly, and ETF capital flows have therefore shown high-frequency fluctuations. Data shows that since the beginning of this year, the overall scale of ETFs has "decreased first and then increased", and the "large inflows and outflows" of funds are obvious and normal. This poses new challenges to the operation and management capabilities of fund companies. According to industry insiders, the public fund industry must further optimize its investor structure and empower refined management through technology to adapt to the new market ecology. (Shanghai Securities News)