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J-16 fighters debut in China-Egypt joint drills in Africa, showcasing strong overseas deployment capability: expert_我的网站

A |     A股第二大规模宽基指数，A500ETF或将掀起一轮新鏖战。    

    A Chinese PLA Air Force J-16 fighter jet is being refueled in mid-air by a YY-20A aerial refueling aircraft during an intercontinental deployment to Egypt for the Eagles of Civilization 2026 joint training in August 2026. Photo: official WeChat account of the PLA Air Force Multiple types of aircraft and personnel from the Chinese People's Liberation Army (PLA) Air Force participating in the China-Egypt Eagles of Civilization 2026 joint training arrived at an air base in Egypt early Friday morning after an intercontinental deployment, according to an official release from the PLA Air Force. 
Notably, the exercise marks the first time China's J-16 heavy fighter jets have traveled to Africa for the China-Egypt joint training.
The joint training marks the second such exercise between the two air forces. The PLA Air Force has deployed multiple types of aircraft in an integrated and systematic formation, including fighter jets, aerial refueling aircraft, special-mission aircraft and helicopters, according to the PLA Air Force.
A video attached to the PLA Air Force release, filmed through the window of a YY-20A aerial refueling aircraft, showed a Chinese J-16 fighter jet being refueled in mid-air. Another scene showed that the YY-20A hosted in-flight refueling for two J-16s at the same time. According to the release, the aerial refueling took place en route to Egypt.
The growing types of more capable aircraft deployed in the China-Egypt joint training highlighted the PLA Air Force's capabilities to carry out rapid intercontinental strategic deployments of tactical aircraft, also demonstrating its strong overseas strategic deployment capabilities, Song Zhongping, a Chinese military affairs expert, told the Global Times on Friday.
Song said that the J-16 heavy fighter jets' first participation in the China-Egypt joint air force training marks an upgrade from last year's deployment of medium-sized J-10Cs in the drill, reflecting broader and more advanced overseas training by the Chinese Air Force. 
As a mainstay heavy fighter, the J-16 also gains valuable experience operating in unfamiliar environments, while also reflecting efforts to expose more frontline aircraft to different geographical, climatic and operational conditions through overseas joint training, the expert noted.
Unlike the J-10C, which focuses more on air superiority, the J-16 is more capable in terms of striking ground and maritime targets and carrying a heavier weapons load. Its participation could therefore expand the training to more complex multirole combat scenarios, Song said.
The PLA Air Force formation traveled more than 6,000 kilometers across two continents and four countries during a nearly nine-hour flight to Egypt. Upon arrival, personnel quickly unloaded supplies, organized equipment and carried out coordination work to prepare for training flights, according to the PLA Air Force.
The cross-border integrated deployment and rapid loading and unloading operations tested the PLA Air Force's long-range projection, agile deployment and system-of-systems operational capabilities, the release said.
A member of the PLA Air Force said that during the deployment, the aerial refueling aircraft not only carried out mid-air refueling missions but also served as an airborne command node.
The Chinese Air Force's participation in joint training in Egypt for two consecutive years with a system of forces showed that long-range overseas training is moving from capability validation toward greater maturity and normalization, Song said. 
This also reflects China's progress in building a strategic air force and extending its ability to safeguard its overseas interests, while showcasing the military confidence of China as a responsible major country, Song noted. 
The Chinese and Egyptian air forces will hold Eagles of Civilization 2026 joint training in Egypt from mid-August to early September. The training will focus on subjects including air combat tactics, air superiority operations, and combat search and rescue, and will include force employment drills, the Chinese defense ministry said.
Recently, the PLA Air Force has participated in a series of joint exercises and training activities. In August, the Air Force has announced joint training with four countries - Belarus, Thailand, Egypt and the UAE.
Following the completion of China-Thailand Falcon Strike 2026 joint air force training on Thursday, the PLA Air Force is set to kick off the "Falcon Shield 2026" joint training with the United Arab Emirates (UAE) in Hotan, Northwest China's Xinjiang Uygur Autonomous Region, according to the Chinese defense ministry. 
Meanwhile, the PLA Air Force announced on Thursday that the China-Belarus Swift Eagle 2026 airborne joint training, which opened at a PLA Air Force training center on August 12, entered its comprehensive exercise phase on Wednesday.
。                   市场传言称，“上交所和深交所预计各选1只中证A500ETF纳入期权标的”。消息一出，立马引发热议。                   一方面，首批中证A500ETF上市已经超过一年，纳入期权标的也在预期之内；另一方面，当前已上市A500相关ETF超40只，上交所、深交所各占半壁江山，如按传言，单交易所仅有1只纳入，谁能入选？                    有基金公司方面表示，对于纳入期权标的暂无确切消息，但是A500规模之争早已暗潮涌动。

B |                    最新规模来看，40只中证A500ETF以及增强ETF最新规模为1928.24亿元。                   其中，200亿以上规模A500ETF已有3只，上交所上市的华泰柏瑞A500ETF自今年内6月底稳居行业第一，最新规模为238.96亿元，国泰中证A500ETF和易方达A500ETF紧随其后，两只ETF均在深交所上市。                   又“卷”起来了，A500ETF成交额霸屏                    A500ETF持营战再次打响。10月20日，市场冲高回落，缩量上涨，热点轮动没有明显的主线，资金活跃度上，A500ETF一只独秀。截至收盘，全市场股票ETF成交额前十中，A500ETF占据了5个席位。                   具体来看，华夏A500ETF成交额为50.81亿元，领跑股票ETF成交榜，国泰A500ETF和华泰柏瑞A500ETF成交额均超40亿元，南方A500ETF、易方达A500ETF成交额同样排名靠前。40余只中证A500ETF合计成交额超274亿元，上述成交额前五的A500ETF合计成交213亿元，占比近8成。                   场内成交额代表了流动性，尽管成交额高不一定意味着资金流入规模多，资金流入更多体现在份额申购而非二级市场买卖。

C | 但是对于非行业主题ETF，且规模不占优势的品种上，多只产品同时成交额放大，背后原因或是做市商交易活跃，是基金公司持营的方式之一。                             宽基ETF是持久战，这是入场基金公司的共识。                   作为全市场第二大宽基指数，A500ETF的持营战依然是在前半程。从规模来看，场内A500相关ETF规模为1928亿元，整体较最高峰2700亿元缩水明显，产品规模差距拉大，已有12只ETF规模不足2亿元。                   但是对于头部ETF基金公司而言，A500依然是必争之地，尤其是季末阶段，A500冲量明显。

D | 从最新规模来看，华泰柏瑞A500ETF自今年6月底跃升至行业第一后，始终保持领先优势；具备先发优势的国泰A500ETF紧随其后；期间包括南方A500ETF、广发A500ETF一度冲至前三，近期易方达A500ETF势头更猛。                             谁能纳入期权标的？17只产品入围                    基金公司再次在A500ETF上发力或与当下“两交易所各选1只中证A500ETF纳入期权标的”市场传言相关。随着A500ETF产品不断扩容，成为A股举足轻重的宽基ETF，纳入期权标的也是顺理成章，水到渠成。                   纳入期权标的对于ETF而言，相当于按下了规模“加速器”。一般而言，从对冲组合或波动率交易策略角度而言，机构投资者更倾向于选择纳入期权标的ETF进行交易，进而推动该ETF规模增长。有统计显示，以创业板ETF、中证500ETF为例，纳入期权标的后，对应ETF份额短期内增长40%、60%，规模拉动效应显著。                   那么，ETF纳入期权标的需要什么条件？根据深交所发布《深圳证券交易所股票期权试点交易规则》显示，ETF被选择作为合约标的时，应当符合下列四个条件：                    （一）属于本所公布的融资融券标的证券；                    （二）基金成立时间不少于6个月；                    （三）最近6个月的日均持有账户数不低于4000户；                    （四）本所规定的其他条件。                   财联社记者统计显示，当前符合上述条件的A500ETF产品有17只，几乎涵盖了首批A500ETF，这也再次凸显了权益ETF先发优势。                   从上交所上市的A500ETF而言，华泰柏瑞A500ETF胜算最大，最新规模为238.96亿元，2025年半年报显示，持有人户数为2.59万户，年内净流入为31.87亿元，年内资金流入排第一；上交所上市规模排在第二的是华夏基金，当前规模为160.59亿元，持有人户数为3.18万户，同样具备一定的竞争力。                   深交所上市的A500角逐更为激烈，该交易所规模第一的是国泰A500ETF，规模为218.83亿元，持有人户数遥遥领先全市场，为10.6万户；与此同时，易方达A500ETF规模上紧随其后，当前规模211.73亿元，持有人户数为2.07万户，年内资金净流入，呈现明显的追赶之势；南方A500ETF也有突围可能，当前规模为195.73亿元，持有户数2.13万户。

E |                    从规模、户数上，上述产品优势更为明显，但是从交易所规则来看，鹏华、嘉实、富国、天弘、博时、泰康、汇添富、摩根、银华、招商、广发、景顺长城等旗下A500ETF均符合要求。可以预见的是，在纳入期权标的未落地之前，规模排序、流动性表现等指标均是加分项，头部产品的鏖战或许也更加激烈。

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Published on:18:57:48