A500早参| 机构：A股短期调整则是布局时机，A500ETF基金（512050）最近净流入898万元

Group 1 - A-shares opened higher on July 21, driven by significant events, with sectors like water conservancy, infrastructure, and cement manufacturing showing strong performance [1] - The A500 ETF (512050) saw a 0.30% increase, with major holdings such as China Power Construction, Yahua Group, and Jinfa Technology hitting the daily limit [1] - As of July 18, the A500 ETF had an average daily trading volume of 3.631 billion yuan over the past week, ranking first among comparable funds [1] Group 2 - The Yarlung Tsangpo River downstream hydropower project commenced on July 19 in Nyingchi, Tibet, with a total investment of approximately 1.2 trillion yuan for the construction of five cascade power stations [1] - The project primarily focuses on power transmission outside the region while also addressing local consumption needs [1] - Citic Securities indicated that the current A-share market is experiencing deep structural differentiation, with macro structural divergence and ongoing overseas pressures likely to sustain this trend [1] Group 3 - The A500 ETF (512050) enables investors to easily allocate to leading companies across various sectors, tracking the CSI A500 Index with a balanced industry allocation and leading company selection strategy [2] - The ETF covers all 35 sub-sectors, integrating value and growth attributes, and is overweight in new productivity sectors such as AI, pharmaceuticals, and renewable energy compared to the CSI 300 [2]