Core Viewpoint - The Shenzhen Stock Exchange announced revisions to the ChiNext Composite Index, introducing monthly removal mechanisms for risk-warning stocks and ESG negative-rated stocks, effective from July 25, 2025 [1][4]. Group 1: Index Revisions - The ChiNext Composite Index will implement a monthly removal mechanism for stocks under risk warning (ST or *ST) and will exclude stocks rated C or below in ESG assessments [4]. - The revisions aim to enhance the index's stability and promote responsible investment by filtering out high-risk and low-governance companies [4][7]. Group 2: Fund Company Responses - Following the announcement, seven fund companies quickly submitted applications for ChiNext-related ETFs, including Penghua Fund, Yinhua Fund, and Bosera Fund for standard ETFs, and Jianxin Fund, Huabao Fund, and others for enhanced ETFs [1][3]. - Fund managers believe that the revised index will attract long-term capital inflows and provide a more transparent investment tool for innovative sectors [4][6]. Group 3: Index Characteristics and Market Impact - As of July 11, 2025, the ChiNext Composite Index will consist of 1,316 stocks, covering 95% of listed companies on the ChiNext, with a total market capitalization coverage of 98% [5]. - The index is seen as a crucial investment vehicle for capturing growth in sectors like renewable energy, biomedicine, and electronic information technology, reflecting the overall market trends [5][6]. - The ChiNext Composite Index has outperformed the ChiNext Index over the past decade, with an annualized return approximately 2% higher [6]. Group 4: Future Developments - The Shenzhen Stock Exchange plans to continue enhancing the "Chuang Series" indices and related products, focusing on serving national strategic priorities and improving the quality of investment options available [9].
创业板综指将迎重要优化！7家公司火速上报ETF