20cm速递｜科创板100ETF（588120）收涨超过2.0%，市场关注科技板块改革与估值修复潜力

Group 1 - The core viewpoint of the articles indicates that the market structure is transitioning from a "barbell strategy" to "mid-assets," with the technology and innovation sectors experiencing cyclical turning points [1] - New growth drivers such as AI (computing power), Hong Kong internet, innovative pharmaceuticals, new consumption, semiconductors, and new energy vehicles are entering their respective cyclical turning points, providing conditions for undervalued large-cap growth and the return of "mid-assets" to excess effectiveness [1] - The ChiNext index currently has a price-to-earnings ratio at the 23.82% percentile over the past decade, showing a significant relative valuation advantage among mainstream broad-based indices, with a first-quarter profit growth rate of 19%, substantially outperforming the overall A-share market's 3.46% [1] Group 2 - The Science and Technology Innovation Board 100 ETF (588120) tracks the Science and Technology Innovation 100 Index (000698), which can have a daily price fluctuation of up to 20% [1] - The index selects medium-sized, liquid listed companies from the Science and Technology Innovation Board, covering high-tech industries such as new-generation information technology, biomedicine, and new materials, reflecting the growth potential of Chinese technology innovation enterprises and overall market performance [1]