指数基金产品研究系列报告之二百五十：科技+金融相互赋能，政策+技术双重驱动：华夏中证金融科技主题ETF投资价值分析

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The fintech industry is experiencing long - term development opportunities driven by policy dividends and technological innovation. The 2025 Lujiazui Forum's focus on "AI - empowered financial reform and innovation" may bring positive market feedback to the sector, similar to the "Internet + finance" trend in 2013 [1]. - The CSI Fintech Theme Index is a core indicator reflecting the overall performance of A - share fintech companies. It has concentrated weightings in leading stocks, high historical return volatility, and strong offensive capabilities, with expected EPS and net profit growth of over 10% in the next two years [1][2][43]. - The Huaxia CSI Fintech Theme ETF provides investors with a convenient tool to access the fintech sector. It closely tracks the CSI Fintech Theme Index, with a management fee of 0.50% and a custody fee of 0.10% [1]. 3. Summary by Directory 3.1 Financial Technology: An Inevitable Trend - Accumulation and Outlook: Fintech is based on technological innovations such as big data, cloud computing, AI, and blockchain, and is comprehensively applied in six major financial fields. The "14th Five - Year Plan" promotes its in - depth development, and four core technologies drive the industry forward [5][6]. - 2025 Lujiazui Forum: The 2025 Lujiazui Forum focused on the mutual empowerment of technology and finance and promoted financial opening - up. The emerging topic of "AI - empowered financial reform and innovation" is similar to the "Internet finance" topic in 2013, and historical experience may indicate sector - wide structural opportunities [1][9][17]. 3.2 CSI Fintech: A Leader in the Vertical Industry - Strong Representativeness: The CSI Fintech Theme Index, launched in 2017, selects companies related to fintech as sample stocks to reflect the overall performance of A - share fintech companies. Its sample is adjusted semi - annually [18][19][21]. - Concentrated Weightings and Focus on Emerging Technologies: As of July 4, 2025, the index had 57 constituent stocks. The top ten constituent stocks accounted for 57.20% of the total weight, with concentrated weightings. The index focuses on emerging fintech fields, with a relatively concentrated industry distribution in software and computer sectors [22][25][27]. - High Elasticity and Offensive Capability: The fintech sector shows high elasticity and strong offensive capabilities in rising markets. Since its base date, the cumulative return of the fintech index has reached 201.07%, far exceeding that of major broad - based indices. In specific rising periods, its performance is significantly better than that of the market [30][33][34]. - Earnings Growth Forecast: The fundamentals of companies in the fintech index are expected to recover strongly. The main business income is expected to rebound by 14.73% in 2025, and the EPS is expected to grow by 29.06% to 0.42 yuan, with growth rates of 44.61% and 15.44% in 2026 and 2027 respectively [43]. 3.3 Huaxia CSI Fintech Theme ETF - Product Information: The Huaxia CSI Fintech Theme ETF (fund code: 516100) closely tracks the CSI Fintech Theme Index, aiming to minimize tracking errors. The management fee is 0.50%, and the custody fee is 0.10%. It was listed on July 23, 2017, and is managed by Mr. Xu Meng [46][48]. - Fund Manager Introduction: Mr. Xu Meng has rich experience in the industry. As of July 4, 2025, he manages 10 ETF products with a total scale of 249.59 billion yuan [48].