事关A股，重大调整

Core Viewpoint - The article discusses the upcoming adjustments to the FTSE Russell indices, specifically the FTSE China 50, FTSE China A50, FTSE China A150, FTSE China A200, and FTSE China A400 indices, which will take effect after the market close on December 19, 2025. These changes are expected to attract passive investment and increase foreign interest in Chinese assets [1][19]. Group 1: Index Adjustments - The FTSE China A50 index will include Luoyang Molybdenum and Sungrow Power, while removing Jiangsu Bank and SF Holding [4][6]. - The FTSE China 50 index will add China Hongqiao, CATL, and Hengrui Medicine, and exclude CITIC Securities, Great Wall Motors, and Li Auto [7][9]. - The FTSE China A150 index will incorporate Ying Shi Innovation, Jiangsu Bank, Huadian New Energy, SF Holding, Jiangbolong, and Huayou Cobalt, while excluding Luoyang Molybdenum, Desay SV, Changdian Technology, Baoxin Software, Shanghai Pharmaceuticals, and Sungrow Power [10][12]. - The FTSE China A200 index will add Ying Shi Innovation, Huadian New Energy, Jiangbolong, and Huayou Cobalt, and remove Desay SV, Changdian Technology, Baoxin Software, and Shanghai Pharmaceuticals [14]. - The FTSE China A400 index will see a broader adjustment, adding Anji Technology, Silver Industry, Yitang Co., and BlueFocus, while excluding Chipbond, Yipin Hong, Guanghuan Xinwang, and Huaxi Biological [15][17]. Group 2: Market Implications - The adjustments by FTSE Russell are anticipated to attract passive fund allocations to the newly included stocks, thereby increasing foreign capital interest in the Chinese market [19]. - Data indicates that foreign capital inflow into the Chinese stock market reached $50.6 billion in the first ten months of 2025, significantly surpassing the total of $11.4 billion for the entire year of 2024, marking an increase of over three times [19]. - UBS forecasts that the A-share market will see further growth in 2026, with overall A-share profit growth expected to rise from 6% this year to 8% next year, driven by improved nominal GDP growth and narrowing PPI declines [19]. - Morgan Stanley has set a target for the CSI 300 index at 4,840 points by December 2026, suggesting a stable upward potential for the index amid moderate profit growth and higher valuation levels [20].