Group 1 - The core viewpoint emphasizes the acceleration of a new round of technological revolution and industrial transformation, urging central enterprises to seize development opportunities and actively embrace new fields and tracks to form new growth points [1] - In 2023, the State-owned Assets Supervision and Administration Commission (SASAC) initiated actions for the revitalization of central enterprises and future industries, increasing assessment guidance and policy support [1] - By 2024, investments by central enterprises in strategic emerging industries are expected to exceed 40% of total investments, with operating revenue approaching 30% [1] Group 2 - As of September 16, 2025, the National Enterprise Win-Win ETF (159719) has seen a net value increase of 51.39% over the past three years, ranking 247 out of 1867 index stock funds, placing it in the top 13.23% [2] - The ETF has recorded a maximum single-month return of 14.61% since its inception, with the longest consecutive monthly gains lasting 7 months and a maximum cumulative increase of 24.70% [2] - The ETF's management fee is 0.25% and the custody fee is 0.05%, making it the lowest among comparable funds [2] Group 3 - The FTSE China National Enterprises Open Win Index, which the ETF closely tracks, aims to reflect the performance of Chinese state-owned enterprises listed in mainland China and Hong Kong, focusing on globalization and sustainable development [2] - The index consists of 100 constituent stocks, including 80 A-share companies and 20 Chinese companies listed in Hong Kong [2] Group 4 - The top weighted stocks in the National Enterprise Win-Win ETF include China Petroleum (15.94%), China Petrochemical (11.93%), and China State Construction (9.59%) [4] - Other notable stocks include China Mobile (6.87%), China Railway (4.53%), and China Telecom (3.32%) [4]