Zhong Guo Ji Jin Bao·2025-09-29 14:34Group 1 - The CNQQ ETF, focused on Chinese technology, was launched on September 26 on NASDAQ, aiming to provide global investors with exposure to China's tech and innovation sectors [1] - The underlying index, Solactive ChinaAMC Transformative China Tech Index, was developed in collaboration with Solactive AG and China Asset Management, emphasizing companies with strong R&D capabilities [2] - The index uses a non-traditional market capitalization weighting method, selecting the top 100 stocks based on adjusted market cap and R&D spending, with a maximum weight of 10% per stock [2] Group 2 - The Solactive ChinaAMC Transformative China Tech Index includes nearly 100 Chinese companies listed in mainland China and Hong Kong, spanning five sectors: automotive and transportation, commercial and consumer services technology, electronic and electrical products, healthcare technology, and industrial and manufacturing technology [2] - Major holdings in the CNQQ ETF include Alibaba Group (10.94%), Tencent Holdings (9.93%), and Contemporary Amperex Technology (8.00%) [4] Group 3 - Morgan Stanley noted a shift in investor sentiment towards Chinese technology since the "9·24" event, indicating a cautious optimism regarding the Chinese stock market and improving corporate earnings in various sectors [5] - The Hong Kong technology fund has seen significant inflows, ranking first in capital inflow among single market sector funds, while U.S. technology funds have experienced outflows [8]