Group 1 - The A-share market has reached new heights, with the Shanghai Composite Index breaking through 3700 points for the first time since December 2021, indicating a significant upward trend [1] - The MSCI China A50 Connect Index rose over 1.8% during the session, with most constituent stocks experiencing gains, highlighting strong performance among leading assets [1] - Minsheng Securities notes that the current A-share market demonstrates improved "cost-performance" compared to historical levels, characterized by lower volatility and better sector rotation, which enhances investor confidence [1] Group 2 - The A-share market has outperformed economic growth for four consecutive quarters as of Q2, marking the first time since the second half of 2021 that the stock market has consistently outpaced economic expansion [1] - There is an expectation that the A-share market will outperform the US stock market, reflecting a commitment to enhancing the attractiveness of the domestic capital market amid various pressures faced this year [1] - The A50 ETF closely tracks the MSCI China A50 Connect Index, providing a balanced exposure to core leading assets in the A-share market, making it a preferred choice for both domestic and foreign investors [2]