Group 1 - The investment landscape in China may be showing positive changes as high-frequency data since January indicates improvements in the operating rates, capacity utilization, and production of heavy industrial products compared to December of the previous year, suggesting a potential rebound in investment demand [1] - If the current trend continues, the economic growth in the first quarter of the 14th Five-Year Plan is expected to be significantly better than the performance in the second half of last year [1] Group 2 - The Central State-Owned Enterprises Win-Win ETF (517090) tracks the FTSE China State-Owned Enterprises Open Win-Win Index, which selects constituent securities from listed state-owned enterprises to reflect the overall performance of those excelling in globalization and sustainable development [1] - The index emphasizes the global layout and sustainable development capabilities of enterprises, focusing on dimensions such as overseas revenue and green income, while also favoring quality, low volatility, and high dividend styles [1]