Venture(US:VEMLY) Sou Hu Cai Jing·2025-10-28 02:42Group 1 - The A-share market opened slightly lower on October 28, with the ChiNext Index and the STAR Market 50 Index showing active performance, leading to a subsequent breakthrough of the 4000-point mark by the Shanghai Composite Index [1] - The China Securities Regulatory Commission (CSRC) Chairman Wu Qing announced on October 27 the initiation of reforms for the ChiNext board, aiming to establish listing standards that better align with the characteristics of emerging fields and future industries, providing more precise and inclusive financial services for innovative enterprises [1] - The CSRC Vice Chairman Li Chao stated during the listing ceremony for the first batch of newly registered companies on the STAR Market that the commission will solidly advance the "14th Five-Year" capital market planning work, using the deepening of reforms in the STAR and ChiNext boards as a lever to comprehensively promote a new round of capital market reforms [1] Group 2 - The ChiNext Index consists of 100 stocks with large market capitalization and good liquidity, with over 90% representing strategic emerging industries, making it a representative index for China's innovative and entrepreneurial enterprises [2] - The STAR Market 50 Index is composed of 50 securities with large market capitalization and good liquidity from the STAR Market, reflecting the overall performance of the most representative batch of technology innovation enterprises, with over 60% from the semiconductor industry [2] - The management fee rates for the ChiNext ETF (159915) and the STAR Market 50 ETF (588080) are only 0.15% per year, which helps investors to cost-effectively allocate resources in the technology growth sector [2]