Venture(US:VEMLY) Sou Hu Cai Jing·2026-01-13 11:30Group 1 - The ChiNext index fell by 2.0%, the ChiNext Mid 200 index decreased by 2.2%, and the ChiNext Growth index dropped by 2.4% [1] - China Securities believes that the A-share market is currently in a "market continuation" phase, with institutional benefits expected from mid-2026, alongside a recovery in price levels, domestic demand, and profit growth driven by industrial innovation [1] - The current A-share market is experiencing a spring market rally driven by a combination of liquidity and policy expectations, which is anticipated to be a significant investment window for the year [1] Group 2 - The E Fund ChiNext ETF tracks the ChiNext index, which consists of 100 stocks with large market capitalization and good liquidity, with a high proportion of emerging industries [3] - The index has seen a decline of 2.0% today, with a rolling price-to-earnings ratio of 43.4 times, compared to 42.5 times since its inception [3]