Group 1 - The Huaxia SSE 580 ETF (530533) will be launched from August 6, 2025, to August 15, 2025, with a cash fundraising cap of 2 billion yuan [1] - The fund will be managed by Huaxia Fund, with Li Jun serving as the fund manager [1] - The performance benchmark for the fund is the return rate of the SSE 580 Index [1]

Group 1 - The Shanghai 580 Index opened lower but closed higher, increasing by 1.3% to 1674.0 points, with a trading volume of 161.223 billion yuan [1] - The Shanghai 580 Index has risen by 10.14% in the past month, 12.55% in the past three months, and 17.29% year-to-date [1] - The index consists of 580 securities selected from the Shanghai Stock Exchange, focusing on smaller market capitalization and higher liquidity [1] Group 2 - The top ten weighted stocks in the Shanghai 580 Index include Yifang Bio (0.58%), Shijia Photon (0.57%), Huachuang Yuxin (0.56%), and others [1] - The index is fully composed of stocks listed on the Shanghai Stock Exchange, with a 100% representation [1] - The industry composition of the index shows that industrials account for 27.29%, information technology for 19.47%, and materials for 12.23%, among others [2] Group 3 - The index samples are adjusted biannually, with changes implemented on the next trading day after the second Friday of June and December [2] - Each adjustment typically does not exceed 20% of the sample size, and weight factors are adjusted accordingly [2] - Special circumstances may lead to temporary adjustments, such as delisting or corporate actions like mergers and acquisitions [2]

Core Viewpoint - The article discusses the rapid development of the index system in China, highlighting the launch of the Shanghai Stock Exchange 580 Index (SSE 580 Index) to better represent small-cap companies in the market, addressing the growing demand for diversified index investment options [6][9][10]. Group 1: Background and Need for SSE 580 Index - The macroeconomic growth and changing industrial structure in China have led to an increase in the number and market capitalization of listed companies, resulting in a heightened demand for indices [9]. - Over 60% of listed companies in the Shanghai market have a market capitalization below 10 billion yuan, indicating a lack of representation for small-cap companies in existing indices like the SSE 180 and SSE 380 [9][10]. - The SSE 580 Index aims to provide a comprehensive view of the performance of small-cap companies, enhancing the index system of the Shanghai Stock Exchange [10]. Group 2: Index Composition and Methodology - The SSE 580 Index includes 580 securities selected based on smaller market capitalization and better liquidity, reflecting the overall performance of small-cap stocks in the Shanghai market [13]. - The sample space for the SSE 580 Index is aligned with that of the SSE 180 Index, excluding securities from the SSE 180 and SSE 380 indices [15]. - Securities are selected based on liquidity criteria, with those in the top 90% of average daily trading volume over the past year being included [15]. Group 3: Industry Distribution and Market Capitalization - The SSE 580 Index has a significant representation from the industrial, information technology, and materials sectors, with weights of 27.0%, 19.1%, and 11.8% respectively, which are higher than those in the SSE 180 and SSE 380 indices [19]. - The index primarily covers small-cap stocks with a market capitalization concentrated in the 5-10 billion yuan range, accounting for approximately 10% of the total market capitalization of A-shares [23]. - The average market capitalization of the SSE 580 Index components is around 9.2 billion yuan, with a median of 8.5 billion yuan, effectively filling the gap for small-cap stock indices in the Shanghai market [23]. Group 4: Performance and Investment Potential - Since its inception, the SSE 580 Index has shown a cumulative increase of 51.1%, with an annualized return of 6.8%, indicating strong growth potential for small-cap innovative stocks in the Shanghai market [28]. - The index components have an average research and development intensity of 12.8% for 2024, with a compound annual growth rate of 10.3% in R&D investment over the past three years, highlighting the innovative capabilities of these companies [27].

Group 1 - The Shanghai Stock Exchange and China Securities Index Co., Ltd. announced the optimization of the Shanghai 380 Index and the launch of the Shanghai 580 Index, aimed at providing a richer set of investment targets for the market [1][2] - The Shanghai 380 Index has been in place for over ten years, but its compilation scheme has shown limitations in representativeness, rule uniformity, and sample stability, necessitating updates [1] - The new Shanghai 580 Index will focus on small-cap stocks, addressing the current lack of representation for small market capitalization companies in the existing indices [1] Group 2 - The Shanghai 580 Index will consist of 580 securities selected from the Shanghai market, characterized by smaller market capitalization and better liquidity, reflecting the overall performance of small-cap stocks [2] - Approximately 30%, 40%, 50%, and 60% of the sample weight in the Shanghai 580 Index will come from sectors such as the Sci-Tech Innovation Board, specialized and innovative enterprises, private economy, and emerging industries, highlighting its innovative small-cap attributes [2] - Following the optimization and new issuance, the Shanghai Stock Exchange will have a flagship broad-based index system consisting of the Shanghai 50, Shanghai 180, Shanghai 380, and Shanghai 580, covering 50% of the number of securities and nearly 90% of the market capitalization in the Shanghai market [2]