融资资金更倾向于配置基本面稳健、具备长期投资逻辑的优质标的，现金流500ETF（560120）领涨同类产品

Group 1 - The A-share market continues its upward trend, with the CSI 500 Free Cash Flow Index rising over 1.09%, leading major cash flow indices [1] - The only ETF tracking the CSI 500 Free Cash Flow Index, the Cash Flow 500 ETF (560120), increased by 1.18%, outperforming similar products [1] - The financing balance of the Shanghai and Shenzhen stock markets has surpassed 2 trillion yuan, marking the first return to this level since July 2015 [1] Group 2 - The current financing structure is more rational, with improved concentration of leveraged funds and holding periods, alongside a more robust regulatory framework compared to 2015 [1] - Financing funds are now more inclined to invest in high-quality targets with stable fundamentals and long-term investment logic, indicating a trend towards rationalization in leveraged trading [1] - The CSI 500 Free Cash Flow Index selects 50 listed companies with high free cash flow rates from the CSI 500 Index sample to reflect the overall performance of companies with strong cash flow generation capabilities [1] Group 3 - As of July 31, 2025, the top ten weighted stocks in the CSI 500 Free Cash Flow Index include CIMC, Zhejiang Longsheng, Yuntianhua, Shougang, Juneyao Airlines, Western Mining, Shenhuo, Yongtai Energy, Baiyin Nonferrous Metals, and Guiding Compass, collectively accounting for 45.03% of the index [2]