创业板综：更全面的创业板投资工具

Group 1 - The core focus of the news is on the increasing importance of technology in the asset management industry, particularly through index investments in China's high-tech enterprises, with the ChiNext Composite Index gaining attention for its unique characteristics [1][4] - The ChiNext Composite Index has shown significant historical performance, with a total return of 285.9% since its inception, and annual returns of 47.85%, 17.93%, -26.77%, -5.41%, and 9.63% over the past five years [3] - The ChiNext board has been pivotal in providing financing support for innovative and high-growth SMEs since its launch in October 2009, effectively integrating technology and capital to foster a Chinese innovation capital ecosystem [5] Group 2 - The ChiNext board has undergone continuous reforms since the implementation of the registration system in 2020, enhancing its service function for technology innovation and strategic emerging industries [6] - The board's listing standards, effective from February 2023, require a minimum market value of 5 billion yuan and recent annual revenue of at least 300 million yuan, aimed at supporting high-growth enterprises in advanced manufacturing, internet, big data, cloud computing, AI, and biomedicine [5][6] - As of December 22, 2025, there are 1,133 listed "specialized, refined, distinctive, and innovative" small giant enterprises in A-shares, with 411 of them listed on the ChiNext, accounting for 36.3% [6] Group 3 - For investors looking to benefit from the growth of innovative enterprises in China, the ChiNext broad-based indices, including the ChiNext Index, ChiNext 50 Index, and ChiNext Composite Index, present attractive investment opportunities [7] - The ChiNext Index consists of 100 representative stocks, reflecting the market's performance with a high concentration of emerging industries and high-tech enterprises [7] - The ChiNext Composite Index includes over 1,300 stocks, providing a comprehensive performance benchmark and investment reference tool for the market [8] Group 4 - The ChiNext Composite Index is characterized by a smaller average market capitalization of approximately 13 billion yuan, compared to about 90 billion yuan for the ChiNext Index and 140 billion yuan for the ChiNext 50 Index, which endows it with certain growth attributes [8] - The West China Li De ChiNext Composite ETF is highlighted as a liquid tool for investors to gain comprehensive exposure to the ChiNext Composite Index, with the fund management committed to refined product management [8]