2025.11.25 本文字数：2057，阅读时长大约3分钟 作者 |第一财经 安卓 继去年6月成功登陆爱尔兰、英国、德国、瑞士、意大利等欧洲五大主流交易所之后，创业板50指数出 海进程再迎新里程碑。 11月25日，以景顺长城创业板50ETF为底层资产的存托凭证（Depository Receipt）在泰国证券交易所敲 钟上市，为泰国投资者提供投资创业板50指数的上市产品。 据了解，这是中国A股上市ETF首次以存托凭证的形式在泰国上市交易，也是泰国首只创业板50指数的 上市产品，标志中国核心科技资产走进东南亚市场。 票相同，可在证券交易所进行交易。 之所以选择创业板50指数，一方面是由于该指数聚焦于新能源、高端制造、生物医药等高科技行业，能 够帮助泰国投资者捕捉中国科技发展的时代红利，是投资中国"新质生产力"最直接的标的。 深交所表示，将以此次创业板50ETF-DR上市为契机，进一步提高创业板投资端国际化水平，讲好创业 板故事，为全球投资者共享中国科技创新发展成果提供更加便利的桥梁。 创业板50存托凭证首落泰交所 2025年是中国与泰国建交的五十周年，两国经济和金融合作日益深化。随着中国经济高质量发展以及资 ...

| 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 | -3.89% | 24.29亿元 | 10.22亿元 | 72.59% | | 159682 | 景顺长城创业板50ETF | -3.80% | 3.94亿元 | 1.02亿元 | 34.76% | | 159681 | 创50ETF | -3.96% | 1.70亿元 | 815.78万元 | 5.05% | | 159373 | 嘉实创业板50ETF | -4.04% | 5827.83万元 | 808.72万元 | 16.11% | | 159383 | 创业板50ETF华泰柏瑞 | -4.08% | 889.94万元 | 658.97万元 | 285.31% | | 159367 | 华夏创业板50ETF | -4.28% | 1165.29万元 | 500.74万元 | 75.35% | | 159371 | 富国创业板50ETF | -4.00% | 1145.79万元 | 4 ...

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]

Core Insights - The ChiNext 50 ETF (159375) experienced a 2.2% increase on September 25, indicating strong performance in the ChiNext 50 Index [1] - Recent fund flows have shifted from net redemptions to net subscriptions for ChiNext-related ETFs, reflecting increased investor appetite for high-growth sectors [1] - The expectation of improved liquidity following the Federal Reserve's interest rate cuts supports the ChiNext and other high-elasticity sectors, historically leading to significant gains for the ChiNext Index post-preemptive rate cuts [1] Fund and Index Details - The ChiNext 50 ETF tracks the ChiNext 50 Index (399673), which has a price fluctuation limit of 20% and selects 50 stocks with large market capitalization and excellent liquidity from the ChiNext board [1] - The index covers high-growth sectors such as information technology, new energy, and biomedicine, emphasizing a dual focus on "technology + growth" [1] - The index employs a dynamic adjustment mechanism to continuously optimize its constituent stock structure, reflecting the overall market performance of core quality enterprises on the ChiNext board [1] Investment Options - Investors without stock accounts can consider the Guotai ChiNext 50 ETF Initiation Link C (023372) and Link A (023371) as alternative investment options [1]

Core Viewpoint - The trading volume of the ChiNext 50 Index ETF reached 7.4 billion yuan today, showing a significant increase of 2.674 billion yuan or 56.59% compared to the previous trading day [1] Trading Volume Summary - The Huazhang ChiNext 50 ETF (159949) had a trading volume of 6.181 billion yuan, up by 2.386 billion yuan or 62.87% from the previous day [1] - The Invesco Great Wall ChiNext 50 ETF (159682) recorded a trading volume of 745 million yuan, an increase of 172 million yuan or 30.06% [1] - The Chuang 50 ETF (159681) saw a trading volume of 282 million yuan, rising by 67.15 million yuan or 31.23% [1] - The Huaxia ChiNext 50 ETF (159367) and the Huatai-Pb ChiNext 50 ETF (159383) had the highest increases in trading volume, with increases of 107.93% and 74.00% respectively [1] Market Performance Summary - As of market close, the ChiNext 50 Index (399673) fell by 4.80%, with related ETFs also averaging a decline of 4.80% [1] - The Wanji ChiNext 50 ETF (159372) and the Jiashan ChiNext 50 ETF (159373) experienced the largest declines, down by 5.10% and 5.06% respectively [1]

Core Viewpoint - The trading volume of the ChiNext 50 Index ETF reached 5.833 billion yuan today, showing a significant increase of 2.303 billion yuan or 65.23% compared to the previous trading day [1] Trading Volume Summary - The Huazhang ChiNext 50 ETF (159949) had a trading volume of 4.892 billion yuan, up 2.235 billion yuan or 84.13% from the previous day [1] - The Invesco Great Wall ChiNext 50 ETF (159682) recorded a trading volume of 560 million yuan, an increase of 171 million yuan or 44.11% [1] - The Harvest ChiNext 50 ETF (159373) saw a trading volume of 95.023 million yuan, up 42.480 million yuan or 80.85% [1] - The Guotai ChiNext 50 ETF (159375) had the highest percentage increase in trading volume, rising by 122.31% [1] Market Performance Summary - As of market close, the ChiNext 50 Index (399673) fell by 2.87%, with related ETFs averaging a decline of 2.75% [1] - The Wanji ChiNext 50 ETF (159372) and the Huatai-PB ChiNext 50 ETF (159383) experienced the largest declines, down 2.94% and 2.88% respectively [1]

Core Viewpoint - The trading volume of the ChiNext 50 Index ETF reached 5.258 billion yuan today, an increase of 2.467 billion yuan from the previous trading day, representing a growth rate of 88.43% [1] Trading Volume Summary - The Huazhang ChiNext 50 ETF (159949) had a trading volume of 4.217 billion yuan, up 1.953 billion yuan from the previous day, with a growth rate of 86.24% [1] - The Chuang 50 ETF (159681) recorded a trading volume of 486 million yuan, an increase of 327 million yuan, with a growth rate of 204.68% [1] - The Invesco Great Wall ChiNext 50 ETF (159682) had a trading volume of 416 million yuan, up 122 million yuan, with a growth rate of 41.46% [1] - The E Fund ChiNext 50 ETF (159369) and Chuang 50 ETF (159681) saw significant increases in trading volume, with growth rates of 236.33% and 204.68% respectively [1] Market Performance Summary - As of market close, the ChiNext 50 Index (399673) fell by 0.41%, while the average decline for related ETFs was 0.38% [1] - The top performer was the Huaxia ChiNext 50 ETF (159367), which rose by 0.15% [1] - The largest declines were seen in the Chuang 50 ETF (159681) and Huazhang ChiNext 50 ETF (159949), which fell by 0.65% and 0.64% respectively [1]