Core Insights - The ChiNext board is becoming a focal point for global investors, showcasing significant investment value through the clustering of high-tech enterprises and innovative companies [1][2] - Policy reforms are advancing for the ChiNext board, with plans to enhance the issuance, refinancing, and merger mechanisms to align with the trend of technological innovation [1][2] - The ChiNext index has attracted attention due to its concentration of core assets in emerging industries, with over 60% of its components in high-tech sectors [2][3] Investment Value - As of May 20, 2025, the total scale of the ChiNext index ETF is approximately 151.9 billion yuan [2] - The first quarter of 2025 saw a year-on-year growth of 26% in net profit for ChiNext index constituents, a significant increase from 5.6% in 2024 [3] - The current price-to-earnings (PE) ratio for the ChiNext index is 30.7 times, indicating a favorable valuation compared to historical data [3] Internationalization - The internationalization of the ChiNext board is accelerating, with index products being listed in markets such as the US, Singapore, and Europe [5][6] - The introduction of the ChiNext index product in European exchanges faced challenges, including regulatory and market environment differences, but has successfully gained approval [6] - The upcoming implementation of the revised ChiNext index compilation plan on June 16, 2025, aims to enhance its investability and reflect the overall performance of the ChiNext market [7]

专题：专题｜深交所2025全球投资者大会：投资中国就是投资未来 具体来看： 创业板汇聚了中国经济转型升级的核心领域，电力设备及新能源、医药、电子、计算机等多个高科技行 业占比逐年提升。宁德时代、迈瑞医疗等龙头企业已形成全球竞争力。 其次从制度创新的角度来看，创业板作为中国资本市场近年来改革的试验田，推出了多项创新举措。其 中，2020年推行注册制改革后，创业板审核周期大幅缩短，发行市盈率市场化定价，为创新企业提供高 效融资通道。从制度层面也进一步提升了创业板的市场活力与规范性。 从估值和盈利角度看，当前创业板的投资价值也非常凸显。以创业板代表性指数创业板指和创业板50指 数为例，截至2025/5/16，指数的市盈率分别为31、30倍，分别处于近5年24%、27%分位。比历史70% 以上的时间便宜。同时，根据Wind一致预测，创业板指和创业板50未来两年净利润复合增长率都超过 了29%。可谓是估值和盈利均合意的投资标的。 最后，从投资便利度上看，国际投资者当前除了可以通过陆股通、QFII等渠道投资创业板，还可以通过 ETF互通项目参与创业板投资。截至2025/5/16，共有11只创业板ETF（创业板指、创业50 ...