发改委核准粤港澳大湾区±800千伏特高压直流输电工程，大湾区ETF(512970)红盘向上

Group 1 - The National Development and Reform Commission has approved two ±800 kV UHVDC transmission projects, enhancing the momentum for UHV construction in China [1] - The construction of UHV projects is expected to significantly boost the upstream and downstream of the power industry chain, with a batch of key power interconnection projects to be approved by 2025 [1] - Companies involved in UHV equipment manufacturing are likely to see substantial performance support as project bidding and delivery increase [1] Group 2 - As of July 10, 2025, the Greater Bay Area ETF has seen a net value increase of 21.60% over the past year [2] - The ETF's highest single-month return since inception was 21.99%, with the longest consecutive monthly gain being 4 months and an average monthly return of 5.14% during rising months [2] - The ETF's management fee is 0.15% and the custody fee is 0.05%, with a tracking error of 0.046% for the year [2] Group 3 - The index closely tracks the performance of companies benefiting from the development of the Guangdong-Hong Kong-Macao Greater Bay Area, including a selection of stocks from Hong Kong, Shanghai, and Shenzhen [3] - As of June 30, 2025, the top ten weighted stocks in the index accounted for 51.52%, with BYD, Ping An, and China Merchants Bank being the top three [3][5] - The index includes a maximum of 50 Hong Kong stocks, 300 companies from the Shanghai and Shenzhen markets, and 100 mainland companies, adjusted for technology sector weight [3]