参与“新质生产力”发展浪潮，长城上证科创板综合指数基金发行

Group 1 - The A-share Sci-Tech Innovation Board has seen a significant increase, with the Shanghai Sci-Tech Innovation Board Composite Index rising nearly 30% year-to-date as of August 19 [1] - The upward trend in the Sci-Tech Innovation Board is viewed as a positive vote by the capital market on the "Keto valuation" logic, indicating strong market confidence in the "hard technology" sector [1][4] - The current transformation of China's digital economy is moving from a broad "Internet+" phase to a new stage led by artificial intelligence, which is expected to benefit the Sci-Tech Innovation Board [1][5] Group 2 - As of the end of 2024, there are 581 companies listed on the Sci-Tech Innovation Board, with a total market capitalization exceeding 6.34 trillion yuan [2] - The Sci-Tech Innovation Board Composite Index, launched on January 20, 2024, aims to comprehensively reflect the performance of the Sci-Tech Innovation Board ecosystem [2] - The index includes stocks from the Sci-Tech Innovation Board and depositary receipts from red-chip companies, excluding ST and *ST securities, providing a strong representation of the overall development of China's technology innovation industry [2][3] Group 3 - The industry distribution of the Sci-Tech Innovation Board shows a "one strong, many strong" characteristic, with the electronics sector, particularly semiconductors, accounting for approximately 41.1% [3] - The average annual growth rate of R&D expenditure for the index constituents over the past three years is 27%, with projected net profit growth rates of 67.6% and 37.8% for 2024-2026 [3] - The Sci-Tech Innovation Board has demonstrated stronger performance and greater elasticity during market recovery phases, outperforming major broad-based indices and the ChiNext Index [3][6] Group 4 - Since its inception in 2019, the Sci-Tech Innovation Board has been a testing ground for capital market reforms, with various measures introduced to facilitate financing for technology innovation enterprises [4] - The board has seen a significant presence of emerging industries, with over 80% of companies in new generation information technology, biomedicine, and high-end equipment manufacturing [5] - The long-term investment value of the Sci-Tech Innovation Board is becoming more apparent, with opportunities arising from the rise of domestic innovative technologies [5]