基建ETF（159619）涨超0.8%，政策宽松预期支撑行业景气

Core Viewpoint - The Central Economic Work Conference emphasizes the continuation of a moderately loose monetary policy, with expectations for an increase in the issuance of general bonds, ultra-long special bonds, and local government special bonds to support infrastructure investment [1] Group 1: Infrastructure Investment - The cleanroom sector shows high prosperity, with Yaxing Integrated having uncompleted contracts worth 6.105 billion yuan as of H1 2025, and new large orders continuing to be secured [1] - Shenghui Integrated's orders increased by 21.21% year-on-year, indicating significant growth in the IC semiconductor industry [1] - AI is driving an increase in chip demand, which in turn boosts the demand for cleanroom supporting projects [1] Group 2: Regional Infrastructure Trends - There are expectations of a recovery in infrastructure in certain regions, particularly in the central and western areas such as Sichuan and Xinjiang, where infrastructure prosperity is relatively high [1] - The strategic hinterland construction demand is expected to drive related investments [1] Group 3: Infrastructure ETF - The Infrastructure ETF (159619) tracks the CSI Infrastructure Index (930608), which selects listed company securities involved in infrastructure construction, professional engineering, and machinery from the Shanghai and Shenzhen markets [1] - This index reflects the overall performance of listed companies in the Chinese infrastructure industry and has high industry concentration and representativeness [1]