Group 1 - The three major stock indices opened higher, with the Shanghai Composite Index rising by 0.02%, the Shenzhen Component Index by 0.14%, and the ChiNext Index by 0.34% [1] - The National Index of Free Cash Flow saw an intraday increase of over 0.3%, with leading stocks such as Lao Feng Xiang, Jin Hong Group, City Media, and Huayu Automotive driving the gains [1] - The low-fee Free Cash Flow ETF (159201) experienced a net inflow of over 230 million yuan in the last 10 trading days, indicating a significant low-position layout characteristic [1] Group 2 - According to China Merchants Securities, as the economy stabilizes, leading listed companies are experiencing stable operations, with net cash flow beginning to grow steadily and capital expenditures declining, leading to a continuous rise in free cash flow yield [1] - The A-share weighted index is expected to undergo a revaluation in the next two years, as the concentration of small-cap factor trading has reached its limit, and new quantitative regulations are about to be implemented [1] - The Free Cash Flow ETF (159201) closely tracks the National Index of Free Cash Flow, selecting stocks with positive and high free cash flow after screening for liquidity, industry, and ROE stability, making it suitable for long-term investment [1] Group 3 - The fund management fee for the Free Cash Flow ETF is set at an annual rate of 0.15%, and the custody fee at 0.05%, both of which are the lowest in the market, maximizing benefits for investors [1]