Sou Hu Cai Jing·2025-05-07 02:28Group 1 - The People's Bank of China announced a 0.5 percentage point reduction in the reserve requirement ratio, expected to provide approximately 1 trillion yuan in long-term liquidity to the market, along with a 0.1 percentage point decrease in policy interest rates [1] - Following the announcement, the A-share market experienced a comprehensive rebound, with all three major indices rising, particularly the ChiNext Index, which saw an intraday increase of over 2% [1] - The Guangfa ChiNext ETF (159952), with a management fee rate of only 0.15%, was actively traded, attracting significant capital interest, with net purchases exceeding 15 million units and a total scale surpassing 9.8 billion yuan [1] Group 2 - The ChiNext ETF closely tracks the ChiNext Index, characterized by high growth and elasticity, with the latest price-to-earnings ratio (TTM) at 29.7 times, placing it at a historically low valuation percentile of 9.6% since its inception in 2010 [1] - The top three sectors in the ChiNext Index, focusing on new productivity, are power equipment (31%), pharmaceuticals and biology (14%), and electronics (12%), indicating a significant growth style [1] - For investors without stock accounts, the Guangfa ChiNext ETF can be accessed through its off-market connection funds, which offer low fees and no subscription or redemption fees for certain classes [2]