反内卷风向标，光伏ETF华夏（515370），今日上市！

Core Insights - The photovoltaic industry has experienced a significant oversupply in the past two years, driven by both demand limitations due to grid absorption bottlenecks and excessive capacity expansion resulting from industry overheating [1] - The ongoing "involution" competition is detrimental to the sustainable and healthy development of the photovoltaic industry, leading to severe impairment losses for companies due to declining prices [1] - The government has signaled a commitment to address "involution" competition through policy measures, including the inclusion of comprehensive rectification in the government work report and the revision of the Anti-Unfair Competition Law [1] - The current round of anti-involution policies differs significantly from the previous supply-side reforms, with the photovoltaic sector facing the greatest profit pressure and the fastest policy implementation, indicating it may serve as a bellwether for this policy shift [1]