Venture(US:VEMLY) Sou Hu Cai Jing·2025-10-17 05:52Core Viewpoint - The market is expected to refocus on domestic fundamentals under a neutral scenario, with policies accelerating the construction of a "self-controllable + internal circulation" system, emphasizing key technology breakthroughs, supply chain enhancements, and energy security [1] Group 1: Policy and Economic Focus - The core policy direction is anticipated to center on technological independence, domestic substitution, and the construction of new productive forces [1] - High-end manufacturing, semiconductor equipment, new materials, and new energy supply chains are expected to benefit continuously from these policies [1] - Consumption, pharmaceuticals, and digital economy sectors driven by domestic demand may show resilience amid economic recovery and policy support [1] Group 2: Market Performance and Indices - The Guotai 50 ETF (159375) tracks the ChiNext 50 Index (399673), which has a daily fluctuation of 20% [1] - The index selects 50 stocks with large market capitalization and excellent liquidity from the ChiNext market, focusing on strategic emerging industries such as information technology, new energy, and biomedicine [1] - The constituent stocks of the index are highly concentrated in sectors like power equipment, biomedicine, and electronics, reflecting the core characteristics of "technology + growth" [1]