Group 1 - The core viewpoint of the news is the significant market reaction to the merger between Haiguang Information and Zhongke Shuguang, which is seen as a "strong union" in the domestic computing power sector, potentially reshaping the industry competition landscape [4][9]. - The merger announcement led to a surge in funds flowing into the Xinchuang ETFs, with nearly 7 billion yuan invested from May 26 to June 9, indicating strong market interest [4][6]. - On the first trading day after the merger, Zhongke Shuguang's stock price hit the daily limit, while Haiguang Information opened high but later fell, contrasting with the collective decline of related Xinchuang ETFs [3][4]. Group 2 - The market performance post-reopening surprised many arbitrage funds, as the expected premium on Xinchuang ETFs quickly disappeared, leading to significant sell-offs [5][6]. - Fund companies implemented measures to curb arbitrage activities, including setting purchase limits and issuing risk warnings to protect long-term investors [6][7]. - The rapid expansion of Xinchuang ETF scales diluted the actual weight of the suspended stocks in the portfolio, significantly weakening the ETFs' ability to realize gains [5][6]. Group 3 - Despite the overall decline in the Xinchuang sector on June 10, many institutions remain optimistic about the long-term prospects of the Xinchuang industry, citing ongoing technological advancements and policy support [9]. - The merger and restructuring within the Xinchuang industry are expected to evolve towards "technology complementary integration" and "ecosystem closure construction," enhancing vertical collaboration between software service providers and hardware manufacturers [9]. - The domestic computing power and Xinchuang sectors are anticipated to benefit from policy support for self-control and technological iteration, with a positive outlook for sustained growth [9].