Core Insights - The article highlights the significant net inflow of nearly 200 million yuan into the software ETF (515230) over two consecutive days, indicating strong market interest in core technology self-reliance and empowerment [1] - The recommendations emphasize the need for "extraordinary measures" to advance self-reliance in core technologies, accelerating breakthroughs in critical areas such as integrated circuits and foundational software [1] - The synergy between emerging technologies and foundational software is expected to become a crucial engine for promoting new productivity and high-quality technological development during the 14th Five-Year Plan period [1] Industry Overview - The software ETF (515230) tracks the software index (H30202), which selects listed companies involved in software development, services, and related technology sectors to reflect the overall performance of the software industry [1] - The constituent stocks of the index cover various sub-sectors, including application software, system software, and internet services, showcasing the high-tech attributes and growth characteristics of the software industry [1]

Group 1: Liquidity and Scale of Software ETF - The software ETF had an intraday turnover of 6.26% and a transaction volume of 366 million yuan [1] - Over the past month, the software ETF's average daily transaction volume reached 569 million yuan, ranking first among comparable funds [1] - In the past week, the software ETF's scale increased by 19.89 million yuan, also ranking first among comparable funds [1] - Over the last 17 trading days, the software ETF attracted a total of 827 million yuan in inflows [1] Group 2: Performance and Returns - As of October 31, the software ETF's net value has increased by 10.46% over the past three years [1] - The highest monthly return since inception was 39.35%, with the longest consecutive monthly gains being three months and the longest cumulative gain reaching 69.40% [1] - The average return during the months of increase was 10.06% [1] Group 3: Policy and Industry Outlook - The 20th Central Committee's Fourth Plenary Session emphasized high-level technological self-reliance as a key development goal [1] - In the context of major power technology competition, the trend towards domestic core software and hardware is expected to accelerate [1] - The "Suggestions" highlight the need for "extraordinary measures" to promote breakthroughs in key areas such as integrated circuits and foundational software [1] - Collaborative innovation between emerging technologies and foundational software is anticipated to be a significant driver of high-quality technological development during the 14th Five-Year Plan period [1] Group 4: Major Stocks in Software Service Index - As of October 31, 2025, the top ten weighted stocks in the CSI Software Service Index include iFlytek, Kingsoft Office, and Tonghuashun, collectively accounting for 63.09% of the index [2] - The weightings of the top stocks are as follows: iFlytek (13.80%), Tonghuashun (8.49%), Kingsoft Office (7.78%), and others [4] - Investors can also access AI software investment opportunities through the software ETF linked fund (012620) [4]