布局创业板前景 银华创业板综合ETF联接今起发行

Core Viewpoint - The A-share market is gradually entering an upward channel amidst fluctuations, with significant increases in major indices, indicating potential investment opportunities in the context of innovation and growth [1][2]. Group 1: A-share Market Performance - By the end of the third quarter of 2025, the Shanghai Composite Index and Shenzhen Component Index rose by 15.84% and 29.88% respectively, while the ChiNext Composite Index surged by 41.43% [1]. - The ChiNext Composite Index, launched on August 20, 2010, includes all A-shares in the ChiNext market with a national ESG rating above C, currently comprising 1,346 samples [1]. Group 2: Industry Distribution and Characteristics - The ChiNext Composite Index covers growth industries comprehensively, with no single industry exceeding 25% in weight, suggesting lower susceptibility to single industry fluctuations and stronger risk resistance [1]. - The index includes both leading companies and high-growth small and mid-cap firms, providing investors with opportunities to benefit from growth stock investments [1]. Group 3: Long-term Investment Value - The ChiNext market, known as the "Chinese version of NASDAQ," has become a cradle for high-growth enterprises since its inception in 2009, supported by multiple factors that enhance its long-term investment value [1]. - The intensifying competition between China and the U.S. in technology, particularly in AI, positions the ChiNext as a key player in national innovation strategies [1]. - The recent launch of a new round of ten key industry growth plans aims to cover the entire supply chain, providing a testing ground for new technologies and business models [1]. Group 4: Market Outlook - Analysts predict that the ongoing AI wave and improved liquidity from domestic savings entering the market, along with favorable global liquidity conditions from potential U.S. interest rate cuts, will support a continued upward trend in the A-share market [1].