科创板大动作！新设科创成长层，第五套标准重启！科创50指数ETF(588870)异动翻红，资金连续4日加码涌入！

Core Viewpoint - The A-share market showed mixed results on June 18, with the STAR 50 Index benefiting from favorable policies, leading to a rise in the STAR 50 Index ETF (588870) after six consecutive days of decline, marking a 0.75% increase and a trading volume exceeding 8% [1][4] Group 1: Market Performance - The STAR 50 Index ETF (588870) has seen a net inflow of over 44 million yuan in the past four days, with a year-to-date share change rate exceeding 30%, outperforming its peers [1] - The top ten constituent stocks of the STAR 50 Index ETF mostly showed positive performance, with notable gains from companies like Chipone and Cambricon [4] Group 2: Policy Developments - The announcement at the 2025 Lujiazui Forum emphasized enhancing the inclusiveness and adaptability of the system, aiming to deepen reforms in the STAR and ChiNext boards, and to create a more attractive and competitive market ecosystem [1][2] - New measures include the establishment of a STAR Growth Tier, the reintroduction of the fifth listing standard for unprofitable companies, and the trial introduction of senior professional institutional investors for companies listed under this standard [2] Group 3: Industry Trends - The first half of the year has seen a structural increase in opportunities within the STAR-related sectors, with the STAR 50 Index rising approximately 18% since the beginning of the year, particularly in AI, robotics, and semiconductors [5] - The market is characterized by the diffusion effect of AI, with related sectors experiencing a ripple effect, and a rotation of leadership among different industries throughout the year [5][6] Group 4: Economic and Global Factors - Continued support for innovation policies is evident, with a focus on financing support and capital market reforms, including the establishment of a national entrepreneurship guidance fund targeting cutting-edge fields [6] - The global technology and trade landscape is undergoing reconstruction, with potential impacts on Chinese assets, as the DeepSeek technology breakthrough may enhance economic growth momentum [7][9]