Core Viewpoint - The film and television ETF (516620) rose over 0.8% due to policy support and improved content supply, boosting industry expectations [1] Group 1: Policy Support - The media industry, particularly the film and television sector, is benefiting from policy support, as the National Radio and Television Administration issued measures to enhance content supply [1] - The emphasis is on multiple initiatives to support high-quality content, indicating a potential recovery point for the long video industry [1] Group 2: Industry Outlook - Companies with leading production capacity and sufficient projects on hand are recommended for investment, particularly top-tier firms in the platform sector [1] - Attention is drawn to the scheduling of the 2026 Spring Festival, as the industry's prosperity is expected to improve with the increase in quality content supply [1] Group 3: Television Market Dynamics - The proportion of satellite channel drama broadcasts is projected to increase for four consecutive years until 2025, with a total viewership scale rising by 9.0% year-on-year [1] - The market shows strong vitality and a solid audience base, with revolutionary and urban dramas leading in broadcast volume [1] Group 4: ETF and Index Information - The film and television ETF (516620) tracks the CSI Film and Television Index (930781), which selects listed companies involved in film production, online dramas, and animation from the A-share market [1] - The index components cover the entire industry chain from content creation to end consumption, reflecting the characteristics of the cultural and entertainment industry [1]

Group 1 - The core viewpoint is that the State Administration of Radio and Television has issued measures to enhance the supply of television content, which is expected to lead to a recovery in the long video industry [1] - The measures aim to support high-quality content and are anticipated to shorten the production and review cycles, thereby releasing creative potential and improving scheduling stability and capital efficiency [1] - The changes in policy are expected to gradually show results in the next 1-2 quarters, positively impacting the business models of long video platforms [1] Group 2 - The Film and Television ETF (516620) tracks the CSI Film and Television Index (930781), which selects listed companies involved in film and television production and distribution from the A-share market [1] - The CSI Film and Television Index covers the entire industry chain from content creation to distribution channels, reflecting the overall performance of listed companies in the film and television entertainment sector [1] - The index is characterized by its distinct industry features and is capable of representing the market trends of the film and television sector effectively [1]