Core Viewpoint - The trading volume of the ChiNext 50 Index ETF reached 3.097 billion yuan today, marking an increase of 848 million yuan from the previous trading day, with a growth rate of 37.67% [1] Trading Volume Summary - The Huazhang ChiNext 50 ETF (159949) had a trading volume of 2.524 billion yuan today, an increase of 645 million yuan from the previous day, with a growth rate of 34.32% [1] - The Invesco Great Wall ChiNext 50 ETF (159682) recorded a trading volume of 363 million yuan, up by 140 million yuan, reflecting a growth rate of 63.20% [1] - The Chuang 50 ETF (159681) saw a trading volume of 129 million yuan, increasing by 40.58 million yuan, with a growth rate of 45.74% [1] - The Fuguo ChiNext 50 ETF (159371) and the Dacheng ChiNext 50 ETF (159298) had significant increases in trading volume, with growth rates of 174.65% and 121.51% respectively [1] Market Performance Summary - As of market close, the ChiNext 50 Index (399673) rose by 2.89%, while the average increase for related ETFs tracking the ChiNext 50 Index was 2.77% [1] - The top performers among the ETFs included the Huatai-PB ChiNext 50 ETF (159383) and the Fuguo ChiNext 50 ETF (159371), which increased by 3.41% and 2.90% respectively [1]

从市场表现看，截至收盘，创业板50指数（399673）上涨0.13%，跟踪创业板50指数的相关ETF今日平 均上涨0.13%，其中，涨幅居前的有富国创业板50ETF（159371）、华夏创业板50ETF（159367）等， 今日分别上涨0.25%、0.19%。（数据宝） 创业板50指数ETF12月26日成交额变动 统计显示，创业板50指数ETF今日合计成交额31.26亿元，环比上一交易日增加13.10亿元，环比增幅为 72.10%。 具体来看，华安创业板50ETF（159949）今日成交额26.51亿元，较上一交易日增加12.01亿元，环比增 幅为82.85%；景顺长城创业板50ETF（159682）今日成交额2.84亿元，较上一交易日增加6056.26万元， 环比增幅为27.07%；创50ETF（159681）今日成交额1.14亿元，较上一交易日增加2357.83万元，环比增 幅为26.20%。 按成交金额环比增加看，华夏创业板50ETF（159367）、富国创业板50ETF（159371）等今日成交额较 上一交易日分别增加132.91%、94.97%，增幅居前。 | 基金代码 | 基金简称 | 今日涨跌幅 ...

到年底了，各大公司要发年终奖了，这不，京东给大家整出来个大惊喜： ...... 实话实说，今年创业板是表现最好的主流板块，子煊对创业板指数的印象，也就是创业板指，没想到最 近在研究宽基的时候，发现了创业板50弹性远超创业板指，引发我的好奇，专门去查了一下差异。 每日新闻记者报道，今年京东年终奖总投入同比增幅超过70%。京东内部公布了2025年年终奖发放计 划：通知显示，今年升级为19薪的部门内，年度绩效A+的员工将获得10倍月薪年终奖，即全年22薪； 年度绩效A的员工将获得9倍月薪年终奖，即全年21薪；年度绩效B+的员工将获得7倍月薪年终奖，即全 年19薪。京东采销今年将实现平均25薪，上不封顶；2026年将达到平均26薪，上不封顶。 当然，我不是京东的员工，只是基金组合上架京东金融，别人家的老板确实豪爽，我研究了一下，最近 年底京东又整出来三个大动作： 第一，免费提供住房。不久前，京东又宣布面向一线员工提供了2.8万套住房，未来5年还将投入220亿 元，提供15万套"小哥之家"。 第二，超高的年终奖。采销部门今年将实现平均25薪，评比B+的员工还可以领上19薪，也就是说年终 奖也有7个月的薪水，别人家的老板 ...

（文章来源：证券时报网） 从市场表现看，截至收盘，创业板50指数(399673)上涨1.48%，跟踪创业板50指数的相关ETF今日平均 上涨1.51%，其中，涨幅居前的有华夏创业板50ETF(159367)、景顺长城创业板50ETF(159682)等，今日 分别上涨2.70%、1.55%。（数据宝） 创业板50指数ETF12月5日成交额变动 | 基金代码 | 基金简称 | 今日涨跌幅 | 今日成交额 | 较上一交易日增加 | 环比增幅 | | --- | --- | --- | --- | --- | --- | | 159949 | 华安创业板50ETF | 1.44% | 18.08亿元 | 5.22亿元 | 40.59% | | 159682 | 景顺长城创业板50ETF | 1.55% | 2.44亿元 | 2272.19万元 | 10.27% | | 159367 | 华夏创业板50ETF | 2.70% | 856.97万元 | 856.97万元 | | | 159681 | 创50ETF | 1.39% | 1.52亿元 | 338.66万元 | 2.28% | | 159373 | 嘉实创业板 ...

Core Viewpoint - The listing of the ChiNext 50 ETF Depository Receipts on the Thailand Stock Exchange marks a significant milestone in the internationalization of China's capital markets, providing Thai investors with direct access to China's core technology assets [2][3]. Group 1: Internationalization of ChiNext 50 ETF - The ChiNext 50 ETF Depository Receipts were listed on November 25, providing Thai investors with a new investment product focused on the ChiNext 50 Index [2][3]. - This is the first time a Chinese A-share listed ETF has been issued in Thailand in the form of Depository Receipts, indicating a growing interest in Chinese technology assets in Southeast Asia [2][3]. - The Shenzhen Stock Exchange aims to enhance the internationalization of the ChiNext market and facilitate global investors in sharing the benefits of China's technological innovation [2][3]. Group 2: Market Demand and Product Details - The demand for investment in Chinese core assets among Thai investors has surged, driven by China's high-quality economic development and capital market reforms [3]. - The Invesco China ChiNext 50 ETF, established in December 2022, has surpassed 50 billion in total assets and maintains a low fee structure of 0.2% [3][4]. - InnovestX, a leading Thai brokerage, partnered with Invesco to issue the Depository Receipts, enhancing the accessibility of the ChiNext 50 Index for local investors [3][4]. Group 3: Performance of ChiNext 50 Index - As of November 18, the ChiNext 50 Index has shown a cumulative increase of 56.49% this year, outperforming other broad-based indices [5]. - The average revenue growth rate for the ChiNext 50 constituent stocks was 21.07% year-on-year for the mid-year report, with net profit growth at 16.63% [5]. - In the third quarter, the revenue growth rate remained strong at 15.75%, while net profit growth increased to 22.58% [5]. Group 4: Sector Focus and Composition - The ChiNext 50 Index focuses on high-tech sectors such as new energy, advanced manufacturing, and biomedicine, making it an attractive investment for capturing China's technological development [4][6]. - The index excludes traditional cyclical industries, emphasizing a higher concentration of technology stocks, with significant weights in battery, communication equipment, and photovoltaic sectors [6]. - The top three sectors by weight in the ChiNext 50 Index are batteries (29.76%), communication equipment (18.62%), and photovoltaic equipment (8.22%) [6]. Group 5: Global Integration and Revenue - The leading companies in the ChiNext are deeply integrated into the global value chain, with 35.17% of their revenue coming from overseas markets in 2024, which is higher than many major broad-based indices [7]. - The average overseas revenue proportion for the top ten weighted stocks in the ChiNext 50 Index is 47.96%, indicating strong international market engagement [7].

Core Insights - The total trading volume of the ChiNext 50 Index ETF reached 3.122 billion yuan today, an increase of 1.158 billion yuan from the previous trading day, representing a growth rate of 58.98% [1] Trading Volume Summary - The Huazhang ChiNext 50 ETF (159949) had a trading volume of 2.429 billion yuan today, up 1.022 billion yuan from the previous day, with a growth rate of 72.59% [1] - The Invesco Great Wall ChiNext 50 ETF (159682) recorded a trading volume of 394 million yuan, an increase of 102 million yuan, with a growth rate of 34.76% [1] - The Chuang 50 ETF (159681) had a trading volume of 170 million yuan, up 8.1578 million yuan, with a growth rate of 5.05% [1] - The Huatai-PB ChiNext 50 ETF (159383) and the Huaxia ChiNext 50 ETF (159367) saw significant increases in trading volume, with growth rates of 285.31% and 75.35% respectively [1] Market Performance Summary - As of market close, the ChiNext 50 Index (399673) fell by 4.01%, while the average decline for related ETFs was 3.88% [1] - The Huaxia ChiNext 50 ETF (159367) and the Wanji ChiNext 50 ETF (159372) experienced the largest declines, with drops of 4.28% and 4.18% respectively [1]

Core Insights - The ChiNext Index continues to show rapid growth, with Q3 2025 revenue increasing by 10.21% year-on-year and up 2.81 percentage points from Q2 [1] - Net profit attributable to the parent company grew by 20.13% year-on-year, with a quarter-on-quarter increase of 7 percentage points [1] Industry Performance - The technology sector (TMT) has improved, with all areas except for computers showing positive trends; electronics and media industries maintain high prosperity [1] - The technology sector is shifting from upstream computing power chains to downstream applications [1] - Industries with high ROE include non-ferrous metals and communications, indicating strong profitability in certain tech sectors [1] Valuation and Market Sentiment - The communication sector within the technology industry has seen rapid ROE growth, suggesting potential for price appreciation from a valuation perspective [1] - Leverage funds remain optimistic about the market, with an increase in margin trading balances and guarantee ratios, which may support the profitability of high-quality tech applications [1] ETF and Index Overview - The Guotai ChiNext 50 ETF (159375) tracks the ChiNext 50 Index (399673), which has a daily price fluctuation of 20% [1] - The index selects 50 securities with high average daily trading volumes from the ChiNext market, covering emerging industries such as power equipment and biomedicine [1] - The index primarily consists of technology sector stocks, reflecting the overall performance and innovation-driven characteristics of leading companies in the ChiNext market [1]

Core Insights - The total trading volume of the ChiNext 50 Index ETF reached 2.613 billion yuan today, an increase of 787 million yuan from the previous trading day, representing a growth rate of 43.11% [1] Trading Volume Summary - The Huazhang ChiNext 50 ETF (159949) had a trading volume of 1.942 billion yuan today, up 651 million yuan from the previous day, with a growth rate of 50.40% [1] - The Chuang 50 ETF (159681) recorded a trading volume of 253 million yuan, an increase of 73.19 million yuan, with a growth rate of 40.66% [1] - The Invesco Great Wall ChiNext 50 ETF (159682) saw a trading volume of 311 million yuan, up 42.13 million yuan, with a growth rate of 15.65% [1] - The Wanji ChiNext 50 ETF (159372) and the Huatai-PB ChiNext 50 ETF (159383) had significant increases in trading volume, with growth rates of 192.76% and 102.12% respectively [1] Market Performance Summary - As of market close, the ChiNext 50 Index (399673) fell by 1.30%, while the average decline for related ETFs was 1.34% [1] - The Chuang 50 ETF ICBC (159370) and the Huazhang ChiNext 50 ETF (159949) experienced the largest declines, with drops of 1.55% and 1.51% respectively [1]

Group 1 - The core viewpoint is that the valuation level of the ChiNext 50 index is relatively low compared to the overall market, indicating potential investment attractiveness [1] - The overall market's PE valuation historical percentile is around 60%, while the ChiNext 50's valuation percentile is significantly lower, suggesting it remains appealing for investment [1] - The overall A-share market's valuation variation coefficient is 0.790, positioned at the 47.7% historical percentile, indicating a high degree of valuation differentiation since 2018, yet the ChiNext 50's valuation level is relatively low, implying lower risk [1] Group 2 - The ChiNext 50 ETF (159375) tracks the ChiNext 50 index (399673), which has a daily fluctuation limit of 20%, consisting of 50 large-cap, liquid stocks from the ChiNext market [1] - The index primarily covers high-growth sectors such as power equipment and biomedicine, reflecting the performance of core quality enterprises in the ChiNext market [1] - The constituent stocks of the index exhibit characteristics of large and mid-cap stocks, with notable profitability and sustained growth potential [1]

Core Insights - The total trading volume of the ChiNext 50 Index ETF reached 3.304 billion yuan today, an increase of 1.434 billion yuan from the previous trading day, representing a growth rate of 76.64% [1] Trading Volume Summary - The Huazhang ChiNext 50 ETF (159949) had a trading volume of 2.475 billion yuan today, up 1.095 billion yuan from the previous day, with a growth rate of 79.37% [1] - The Chuang 50 ETF (159681) recorded a trading volume of 283 million yuan, an increase of 160 million yuan, with a growth rate of 129.78% [1] - The Invesco Great Wall ChiNext 50 ETF (159682) saw a trading volume of 425 million yuan, up 139 million yuan, with a growth rate of 48.69% [1] - The Dachen ChiNext 50 ETF (159298) and the E Fund ChiNext 50 ETF (159369) had significant increases in trading volume, with growth rates of 395.62% and 335.89% respectively [1] Market Performance - As of market close, the ChiNext 50 Index (399673) rose by 4.08%, while the average increase for related ETFs tracking the ChiNext 50 Index was 3.91% [1] - The top performers included the E Fund ChiNext 50 ETF (159369) and the Jiashi ChiNext 50 ETF (159373), which increased by 4.15% and 4.08% respectively [1]