Venture(US:VEMLY) Xin Lang Cai Jing·2025-11-03 03:38Core Viewpoint - The recent announcement regarding the deepening of the ChiNext reform aims to establish more suitable listing standards for emerging industries and innovative enterprises, enhancing financial services for new technologies and business models [3][4]. Group 1: Market Performance - As of November 3, 2025, the ChiNext Index has decreased by 1.49%, with mixed performance among constituent stocks [3]. - Tianhua New Energy led the gains with an increase of 12.13%, while XianDao Intelligent fell by 8.70%, marking the largest decline [3]. - The ChiNext ETF by Bosera (159908) has seen a decline of 1.46%, with a latest price of 2.91 yuan, but has accumulated a 0.51% increase over the past week as of October 31, 2025 [3]. Group 2: Liquidity and Trading Volume - The ChiNext ETF by Bosera recorded a turnover rate of 1.76% during the trading session, with a transaction volume of 21.68 million yuan [3]. - The average daily trading volume for the ChiNext ETF over the past week was 70.01 million yuan as of October 31, 2025 [3]. Group 3: Reform Implications - The reform is expected to enhance the ChiNext's ability to serve the real economy effectively, aligning capital with emerging sectors and facilitating industrial upgrades and technological breakthroughs [4]. - It is anticipated that the reform will strengthen the resource allocation function of the capital market, providing quality innovative enterprises with more capital support and offering investors a wider range of quality investment options [4]. Group 4: ETF and Index Composition - The latest scale of the ChiNext ETF by Bosera reached 1.24 billion yuan [4]. - The ChiNext Index is composed of 100 stocks with high market capitalization and liquidity, reflecting the overall performance of the ChiNext market [4]. - As of September 30, 2025, the top ten weighted stocks in the ChiNext Index accounted for 57.49% of the index, including companies like CATL and Mindray [4].