政策深化“反内卷”有利于A股中长期盈利预期改善，500质量成长ETF(560500)红盘上扬

Group 1 - The core viewpoint indicates that the 中证500质量成长指数 has shown a positive trend, with a 0.66% increase as of July 8, 2025, and notable gains in constituent stocks such as 景旺电子 (up 9.38%) and 华测检测 (up 5.94%) [1] - The 500质量成长ETF has experienced significant growth in scale, with an increase of 27.11 million yuan over the past three months, ranking it in the top third among comparable funds [1] - The outlook for the A-share market remains optimistic, with expectations of potential interest rate cuts by the central bank and a focus on "stabilizing growth" in domestic policies [1][2] Group 2 - The 中证500质量成长指数 is currently at a historical low valuation, with a price-to-book ratio (PB) of 1.87, which is lower than 90.5% of the time over the past three years, indicating strong valuation appeal [2] - The index comprises 100 high-profitability, sustainable, and cash-rich companies selected from the 中证500 index, providing diverse investment options for investors [2] - As of June 30, 2025, the top ten weighted stocks in the 中证500质量成长指数 account for 20.42% of the index, with companies like 东吴证券 and 恺英网络 being the most significant contributors [2]