Core Viewpoint - The Hong Kong 300 Local Stock Index has shown significant growth, with a 5.26% increase over the past month, 8.42% over the past three months, and a year-to-date increase of 19.72% [1] Group 1: Index Performance - The Hong Kong 300 Local Stock Index is currently at 1476.85 points [1] - The index is designed to reflect the performance of both mainland and local Hong Kong companies, with a base date of December 31, 2004, set at 1000.0 points [1] Group 2: Index Holdings - The top ten weighted companies in the Hong Kong 300 Local Stock Index are: AIA Group (28.18%), Hong Kong Exchanges and Clearing (19.7%), Bank of China (Hong Kong) (5.53%), CLP Holdings (5.05%), CK Hutchison Holdings (4.76%), Sun Hung Kai Properties (4.69%), Link REIT (4.08%), Hang Seng Bank (3.25%), Power Assets Holdings (2.88%), and Hong Kong and China Gas (2.85%) [1] - The index is fully composed of companies listed on the Hong Kong Stock Exchange [1] Group 3: Industry Composition - The industry composition of the index shows that finance accounts for 56.65%, real estate 17.34%, utilities 12.25%, communication services 6.31%, consumer staples 3.11%, industrials 1.57%, consumer discretionary 1.51%, healthcare 0.65%, and information technology 0.62% [2] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [2]

Group 1 - The State Council Information Office will hold a press conference regarding the 2025 Multinational Corporation Leaders Summit in Qingdao, with officials from the Ministry of Commerce and Shandong Province providing details [2] - The China Securities Index Company announced adjustments to the sample stocks of various indices including the CSI 300 and CSI 500, with the changes to take effect after market close on June 13 [3] - A total of 20 companies will have their restricted shares unlocked today, amounting to 832 million shares with a total market value of 17.498 billion yuan, with significant unlocks from companies like Shen Sanda A and Xiamen Tungsten [3] Group 2 - Sixteen companies disclosed progress on stock repurchase plans, with seven companies announcing new repurchase proposals and one company having its plan approved by shareholders [4] - Among the newly disclosed repurchase plans, five companies have proposed amounts exceeding 10 million yuan, with the highest being Zhongtai Securities at 500 million yuan [5] - The People's Bank of China has a 135 billion yuan 7-day reverse repurchase operation maturing today, with an operation rate of 1.40% [6]

Core Viewpoint - The China Securities Hong Kong Mid-Cap Selected Index has shown significant growth, with a year-to-date increase of 16.80% and a recent monthly rise of 8.35% [1][2]. Group 1: Index Performance - The China Securities Hong Kong Mid-Cap Selected Index rose by 1.07% to 2498.52 points, with a trading volume of 31.941 billion yuan [1]. - The index has increased by 8.35% over the past month and 7.55% over the last three months [1]. Group 2: Index Composition - The index comprises 100 mid-cap securities selected from the Hong Kong market, reflecting the overall performance of mid-cap stocks listed on the Hong Kong Stock Exchange [1]. - The top ten weighted stocks in the index include Pop Mart (8.47%), China Telecom (3.27%), CITIC Bank (3.07%), China Pacific Insurance (3.06%), and others [1]. Group 3: Sector Allocation - The sector allocation of the index shows that consumer discretionary accounts for 20.16%, financials for 12.81%, and industrials for 12.34% [2]. - Other sectors include healthcare (9.44%), information technology (9.16%), and communication services (8.86%) [2]. Group 4: Index Adjustment Mechanism - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2]. - A buffer zone is established for retaining old samples ranked between 81 and 220, ensuring a total of 100 samples [2].

Group 1 - The core viewpoint of the news is that the CSI 1000 Industrial Index has shown mixed performance, with a slight increase over the past month but a decline over the last three months and a modest year-to-date gain [2] - The CSI 1000 Industrial Index reported a value of 5334.99 points, indicating a high opening followed by a decline [1] - The index has increased by 0.46% in the last month, decreased by 6.13% in the last three months, and has risen by 2.90% year-to-date [2] Group 2 - The top ten weighted stocks in the CSI 1000 Industrial Index include Huicheng Environmental Protection (1.44%), Hainan Huatie (0.96%), Kehua Data (0.94%), and others [2] - The market share of the CSI 1000 Industrial Index is divided between Shenzhen Stock Exchange (54.80%) and Shanghai Stock Exchange (45.20%) [2] - The industry composition of the CSI 1000 Industrial Index shows that machinery manufacturing accounts for 29.13%, power equipment for 27.37%, and transportation for 14.38% [2] Group 3 - The index samples are adjusted biannually, specifically on the second Friday of June and December, with provisions for temporary adjustments in special circumstances [3] - When a sample company is delisted, it is removed from the index, and any corporate actions such as mergers or splits are handled according to specific guidelines [3] - Adjustments to the CSI 1000 Index will also lead to corresponding changes in the CSI 1000 Industry Index samples [3]

Investment Rating - The report suggests a focus on specific companies within the construction and building materials sector, indicating potential investment opportunities based on market conditions and company performance [6][5]. Core Insights - The report highlights the impact of index weight adjustments on stock prices, particularly for companies in the construction and building materials sector, with notable changes in the sample stocks of various indices [6][5]. - The external trade environment is becoming increasingly uncertain, particularly following the announcement of increased tariffs on imported steel and aluminum by the U.S. President, which may disrupt the operations of export-related companies [5]. - The report identifies several companies to watch, including Honglu Steel Structure, Puyang Refractories, Hainan Huate, Beixin Building Materials, China Chemical, China State Construction, Shanghai Port, and others, based on their growth potential and market conditions [6]. Summary by Sections 1. Weekly Perspective - The report emphasizes the need to monitor the effects of index weight adjustments on stock prices, particularly for companies being removed from major indices [6][5]. 2. Company Earnings Forecast and Valuation - The report includes a table of earnings forecasts and valuations for key companies in the sector, indicating their expected performance and market positioning [8]. 3. Weekly Market Review - The construction and building materials indices showed varied performance, with the construction index up by 1.12% and the building materials index up by 0.60% for the week [11]. - Specific companies within the sector experienced significant weekly price changes, with Sichuan Jinding up by 15.34% and Tianan New Materials down by 15.68% [19][20]. 4. Aggregate Data Tracking - The report tracks overall market trends and performance metrics for the construction and building materials sector, providing insights into broader market movements [10]. 5. High-Frequency Data Tracking - The report includes high-frequency data that reflects real-time market conditions and trends affecting the construction and building materials sector [10].

Core Viewpoint - Shenzhen Stock Exchange and its subsidiary Shenzhen Securities Information Co., Ltd. announced regular sample adjustments for various indices, which will take effect on June 16, 2025 [1] Group 1: Index Adjustments - The Shenzhen Component Index will replace 20 samples, with 10 companies from the Main Board and 10 from the ChiNext being added [1] - The ChiNext Index will replace 8 samples, while the ChiNext 50 Index will replace 5 samples [1] - The Shenzhen 100 Index will replace 3 samples, including 1 company from the Main Board and 2 from the ChiNext [1]

报 告 摘 要 一、上周市场回顾 二、开放式公募基金表现 三、基金产品发行情况 上周新成立基金 30 只，合计发行规模为 189.87 亿元，较前一周有所增 加。此外，上周有 38 只基金首次进入发行阶段，本周将有 35 只基金开始 发行。 一 上周市场回顾 1.1 相关热点回顾 一、基金申报发行动态 上周共上报 40 只基金， 较 上上周申报数量 有所增加。 申报的产品包括 2 只 FOF ， 1 只 QDII ，富国中证港股通科技 ETF 、鹏华国证港股通创新药 ETF 、易方达中证卫星产业 ETF 、汇添富国证自由现金流 ETF 、天弘中证港股通央企红利 ETF 等。 二、沪深交易所与巴西交易所首批 ETF 互通产品上市 上周 A 股市场主要宽基指数走势出现分化，中证 1000 、中证 500 、上 证综指指数收益靠前，收益分别为 0.62% 、 0.32% 、 -0.03% ，中小 板指、创业板指、沪深 300 指数收益靠后，收益分别为 -1.55% 、 -1.40% 、 -1.08% 。 从成交额来看，上周主要宽基指数成交额均有所下降。行业方面，上周综合 金 融 、 国 防 军 工 、 医 药 收 ...

Group 1 - The core index, the CN Materials Composite Index, reported at 3281.67 points, with a 2.51% increase over the past month, 1.68% over the past three months, and a 6.63% year-to-date increase [1] - The index is designed to reflect the overall performance of different industry securities from Chinese mainland enterprises, classified according to the China Securities Index industry classification standards [1] - The top ten holdings of the CN Materials Composite Index include Zijin Mining (6.39%), Wanhua Chemical (2.21%), and others, indicating a concentration in specific companies [1] Group 2 - The market distribution of the CN Materials Composite Index shows that the Shanghai Stock Exchange accounts for 49.23%, Shenzhen Stock Exchange for 42.38%, and Hong Kong Stock Exchange for 7.82% [2] - In terms of industry composition, non-ferrous metals represent 41.47%, chemicals 37.94%, and other sectors such as non-metallic materials and steel also contribute to the index [2] Group 3 - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December, and can also be adjusted under special circumstances [3] - Adjustments to the index samples occur when there are changes in industry classification due to special events or when companies are delisted [3]

Group 1 - The core index, the CSI Electronic 50 Index, has seen a recent decline of 1.75%, closing at 3884.65 points, with a trading volume of 46.189 billion yuan [1] - Over the past month, the CSI Electronic 50 Index has increased by 11.16%, while it has decreased by 7.54% over the last three months and 3.76% year-to-date [1] - The index comprises the 50 largest listed companies in the electronic and semiconductor sectors, reflecting the overall performance of the electronic sector [1] Group 2 - The top ten weighted stocks in the CSI Electronic 50 Index include: SMIC (6.48%), Luxshare Precision (6.17%), Cambricon (5.55%), BOE Technology Group (5.42%), Northern Huachuang (5.34%), Haiguang Information (5.08%), Will Semiconductor (4.23%), Hikvision (4.02%), Zhongke Shuguang (3.58%), and Lattice Semiconductor (3.33%) [1] - The market capitalization distribution of the CSI Electronic 50 Index shows that the Shanghai Stock Exchange accounts for 53.35%, while the Shenzhen Stock Exchange accounts for 46.65% [1] Group 3 - The CSI Electronic 50 Index is composed entirely of companies in the information technology sector, with a 100% allocation [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Public funds tracking the CSI Electronic 50 include: Hua Bao Electronic ETF Link A, Hua Bao Electronic ETF Link C, Hua An CSI Electronic 50 Link A, Hua An CSI Electronic 50 Link C, Hua Bao CSI Electronic 50 ETF, and Hua An CSI Electronic 50 ETF [2]

Core Viewpoint - The China Securities Index for BRICS countries (Hong Kong) 60DR Index has shown mixed performance, with a recent decline of 6.90% over the past month, but an increase of 8.85% over the last three months and a year-to-date rise of 6.41% [1] Group 1: Index Performance - The China Securities Index for BRICS countries (Hong Kong) 60DR Index closed at 1556.62 points [1] - The index has experienced a monthly decline of 6.90%, a three-month increase of 8.85%, and a year-to-date rise of 6.41% [1] Group 2: Index Composition - The index includes securities from the Shanghai, Shenzhen, and Beijing exchanges, as well as companies from Brazil, Russia, India, and South Africa listed on major exchanges like NYSE and LSE [1] - The index is designed to reflect the overall performance of selected securities, with a base date of December 30, 2005, set at 1000.0 points [1] Group 3: Top Holdings - The top ten holdings in the index are Tencent Holdings (14.12%), Alibaba-W (9.77%), Reliance Industries Ltd (8.79%), HDFC Bank Ltd (6.65%), ICICI Bank Ltd (4.25%), Meituan-W (3.99%), China Construction Bank (3.83%), Xiaomi Group-W (3.5%), Infosys Ltd (2.59%), and China Mobile (2.5%) [2] Group 4: Market and Sector Breakdown - The index's market composition shows that 65.06% of holdings are from the Hong Kong Stock Exchange, 20.00% from the New York Stock Exchange, and 14.94% from the London Stock Exchange [2] - Sector allocations include Financials (28.04%), Consumer Discretionary (22.87%), Communication Services (20.15%), Energy (13.62%), Information Technology (7.64%), Industrials (2.49%), Healthcare (1.48%), Materials (1.45%), Consumer Staples (0.95%), and Real Estate (0.90%) [2] Group 5: Index Adjustment Mechanism - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - The adjustment process allows for a maximum sample change of 10%, prioritizing the top 48 new samples and retaining older samples ranked within the top 72 [3] - In special circumstances, temporary adjustments can be made, such as removing delisted companies or replacing them with the highest-ranked securities from a pre-established backup list [3]