Group 1 - The A-share market has shown significant warming in the first half of the year, with average returns for ordinary stock funds and mixed equity funds reaching 7%, outperforming passive index funds at 4.51% [1] - The China Galaxy Securities report indicates that the A-share market is expected to exhibit a trend of fluctuating upward movement, with three main lines of investment opportunities identified: high safety margin assets, technology as a long-term investment focus, and consumer sectors boosted by policy [1] - The China A500 Index, which features a balanced industry approach, combines the elasticity of emerging industries with the stability of traditional sectors, making it an attractive option for investors [2] Group 2 - The China A500 ETF Southern (159352) closely tracks the China A500 Index, integrating both value and growth attributes, which is noteworthy for investors [2] - The report highlights that the consumer sector is expected to benefit from the implementation of the "old for new" policy, with new consumption potential being released through changes in consumer behavior and technological empowerment [1]