Core Viewpoint - The recent meeting held by the China Securities Regulatory Commission (CSRC) emphasized the need to enrich the A-share market index, ETF, and derivative product service system to better serve residents' wealth preservation and appreciation needs, indicating a deeper layout of capital market infrastructure [1]. Group 1: Investment Ecosystem Optimization - Enriching the A-share index system will optimize the investment ecosystem and broaden asset allocation tools, responding to the increasing demand for enhanced investment portfolio yield elasticity as market interest rates trend downward [2]. - Diverse index products, such as ETFs, can help investors efficiently allocate to high-growth sectors and implement specific strategies at lower costs, catering to various risk preferences and investment goals [2]. Group 2: Pricing Efficiency and Company Quality - A robust index system promotes index-based investment development, enhancing pricing efficiency in the capital market through professional management of index funds, which leads to better value discovery in related industries and stocks [3]. - Companies are incentivized to improve market capitalization management and corporate governance to be included in influential indices, fostering a virtuous cycle that enhances information disclosure quality and financial standards [3]. Group 3: National Strategy and Capital-Industry Coordination - A comprehensive index system acts as a "navigation system" for the capital market, guiding funds towards national strategic priorities and quality enterprises, thereby improving capital allocation efficiency [4]. - The introduction of thematic indices, such as those related to "hard technology," effectively conveys policy direction and fosters a positive cycle among policy, capital, and industry [4]. Group 4: Market Maturity and International Influence - A mature capital market is often characterized by a well-developed index system, which is crucial for enhancing the international influence of A-shares [5]. - By developing indices with Chinese characteristics and related derivatives, the A-share market can improve its pricing capability and global attractiveness, providing effective asset allocation and risk management tools for domestic long-term capital [4].