Core Viewpoint - The Shenzhen Stock Exchange announced a revision to the ChiNext Composite Index, set to be implemented on July 25, 2025, which aims to enhance the index's investment quality and attract long-term capital inflow [1][2]. Group 1: Index Revision Details - The revision introduces a monthly removal mechanism for stocks under risk warning (ST or *ST) and an ESG negative screening mechanism for stocks rated C or below, which is expected to improve the quality of sample stocks without altering the index's positioning [2][3]. - The ChiNext Composite Index has been operational since August 2010, reflecting the overall performance of all stocks listed on the ChiNext, characterized by balanced industry distribution and strong growth potential [2][4]. Group 2: Fund Company Responses - Several fund companies, including Penghua Fund and Bosera Fund, have quickly submitted applications for ChiNext Composite Index-related ETFs, indicating strong recognition of the index's long-term investment value [1][5]. - Fund managers highlighted that the index's comprehensive coverage allows it to reflect the overall market trends, benefiting both large and small growth companies, and facilitating the inclusion of potential "unicorn" companies [4][5]. Group 3: Investment Opportunities - The ChiNext Composite Index is seen as a vital tool for investors to participate in China's economic transformation, with its three unique advantages: balanced industry distribution, a complete growth ladder, and superior historical performance compared to the ChiNext Index [5][6]. - The introduction of enhanced ETFs is expected to improve liquidity in the sector and uncover potential stocks, providing investors with innovative investment tools [6].

Core Viewpoint - The collaboration between Belgium's Fortis Group and China Taiping has established a strong foundation for the development of Taiping Asset Management Co., which has become one of the largest insurance asset management institutions in China, managing over 1.5 trillion yuan in assets and maintaining stable investment performance over nearly two decades [1][3]. Group 1: Management Upgrade - Fortis Group has contributed to the governance system upgrade of Taiping Asset by introducing international management experience and optimizing decision-making mechanisms, enhancing governance efficiency [3]. - The long-term support from Fortis Group has provided stable capital for Taiping Asset, reinforcing its commitment to a prudent management philosophy and laying a solid foundation for sustainable development [3]. Group 2: Risk Control Capability - Fortis Group has integrated global risk management experience into Taiping Asset's management system through various collaborative mechanisms, enhancing the company's risk control capabilities [5]. - Taiping Asset has adopted sustainable development principles aligned with corporate governance, incorporating ESG concepts into its operations and aligning with international regulatory standards [5]. Group 3: Investment Capability - Taiping Asset leverages Fortis Group's international platform to adopt advanced investment management practices from mature European markets, particularly in the context of low interest rates [7]. - The collaboration emphasizes long-term, value, and responsible investment philosophies, aiming to enhance investment research capabilities and risk management to create sustainable value for stakeholders [7].