20cm速递｜科创板100ETF（588120）涨超1.1%，市场关注改革举措

Group 1 - The core viewpoint of the news highlights the positive momentum in the STAR Market and the support for technology innovation companies, driven by regulatory reforms and increased underwriting activities by securities firms [1] - The China Securities Regulatory Commission (CSRC) emphasized the need to invigorate multi-level market vitality and implement reforms in the STAR Market during the 2025 mid-year work meeting [1] - The underwriting scale of STAR bonds has significantly increased, with 68 securities firms underwriting a total of 381.39 billion yuan in the first half of the year, representing a year-on-year growth of 56.48% [1] Group 2 - The STAR 100 ETF (588120) tracks the STAR 100 Index (000698), which includes 100 securities with larger market capitalization and better liquidity from the STAR Market, covering various high-tech sectors such as information technology, healthcare, and new materials [1] - The implementation of new regulations for the STAR Market and the ChiNext is expected to enhance inclusivity and better meet the financing needs of early-stage growth companies, potentially leading to a recovery in investment banking revenues for securities firms [1] - Investors without stock accounts can consider the Guotai CSI STAR 100 ETF Initiated Link A (019866) and Guotai CSI STAR 100 ETF Initiated Link C (019867) [1]