Sou Hu Cai Jing·2025-06-18 05:45Core Viewpoint - The China Securities Regulatory Commission (CSRC) announced reforms to enhance the inclusiveness and adaptability of the market, focusing on the STAR Market and ChiNext to create a more attractive and competitive market system [1][2]. Group 1: Market Performance - As of June 18, 2025, the Science and Technology Innovation Information Technology ETF Morgan (588770) rose by 0.98%, with a turnover rate of 2.21% and a transaction volume of 6.9932 million yuan [1]. - The Shanghai Stock Exchange STAR Market New Generation Information Technology Index (000682) increased by 0.99%, with constituent stocks such as Shengyi Electronics (688183) up by 15.40% and Tuojing Technology (688072) up by 4.27% [1]. Group 2: Policy Measures - The "1+6" policy measures include the establishment of a growth tier on the STAR Market and the reintroduction of the fifth set of standards for unprofitable companies, aimed at better serving high-quality tech enterprises with significant breakthroughs and strong R&D investments [2]. - Six specific measures will be introduced on the STAR Market, including the introduction of professional investors, expanding the applicability of the fifth set of standards, and improving investment products and risk management tools [2]. Group 3: Investment Products - Morgan Asset Management integrates its "Global Vision Investment Technology" product line to assist investors in positioning themselves in quality tech companies globally, capitalizing on the new wave of technological advancements driven by AI [2]. - Active management funds include the Morgan Emerging Power Fund, focusing on emerging industry trends, and the Morgan Smart Connectivity Fund, which targets opportunities in artificial intelligence [3]. - Passive investment options include the Morgan Hang Seng Technology ETF and the Morgan Nasdaq 100 Index Fund, providing easy access to technology assets in Hong Kong and global tech leaders, respectively [3].