重要宽基指数创业板综迎来修订。近日，为推动深市指数化投资高质量发展，强化指数表征作用，提升 指数可投资性，更好满足资金配置需求，深交所及其子公司深圳证券信息公司修订创业板综编制方案， 并将于7月25日正式实施。 具体来看，修订内容包括：引入风险警示股票月度剔除机制，剔除被交易所实施风险警示的样本股；引 入ESG负面剔除机制，剔除国证ESG评级在C级及以下的样本股。深交所表示，经评估，修订有利于促 进样本股质量提升，同时不改变指数定位和指数运行特征，对指数产品影响较小。 深交所同时表示，修订后，创业板综样本股1316只，覆盖95%的创业板上市公司，总市值覆盖率98%； 前三大行业分别为工业（32%）、信息技术（26%）、医药卫生（12%），高新技术企业权重占比 92%，战略性新兴产业权重占比79%，先进制造、数字经济、绿色低碳三大重点领域企业权重占比 74%，充分表征了创业板服务科技创新和新质生产力发展成果。 深交所公布指数编制优化方案的同日，7家公募火速上报创业板综相关ETF。其中，鹏华基金、银华基 金、博时基金3家公司申报创业板综ETF，建信基金、华宝基金、招商基金、西藏东财基金4家公司则申 报创业板综增强 ...

Core Viewpoint - The Shenzhen Stock Exchange has announced a significant reform for the ChiNext Composite Index, which involves removing ST stocks and companies with poor ESG performance, enhancing the overall quality of the index and its constituents [3][4]. Group 1: Index Reform Details - The reform will remove ST stocks monthly, ensuring that any company labeled as ST will exit the index the following month [3]. - Companies with an ESG rating below C will be excluded, improving the index's resilience by eliminating firms with environmental, social, or governance issues [3]. - The number of sample stocks will increase from over 1,300 to 1,316, broadening the index's coverage [3]. Group 2: Industry Composition - The top three sectors represented in the index are industrial, information technology, and healthcare, which together account for 70% of the index [3]. - High-tech enterprises make up 92% of the index, while strategic emerging industries represent 79%, indicating a strong focus on innovation and future growth sectors [3]. Group 3: Historical Performance and Investment Implications - Over the past 15 years, the ChiNext Composite Index has increased by 197%, with an annualized return of 7.6%, and has risen by 10% this year [4]. - Current valuations, particularly in the healthcare and renewable energy sectors, are at historical lows, presenting potential buying opportunities [4]. - The reform is expected to make index funds more attractive, with over 200 billion yuan in products tracking the "Chuang" series index, and increased liquidity anticipated for ETFs like the Wanjiada ChiNext Composite ETF [4]. Group 4: Investment Strategy Recommendations - Investors are encouraged to consider adding ChiNext Composite ETFs to their portfolios, especially those newly included high-quality companies, which may benefit from an "inclusion effect" [4]. - A cautious approach is advised during market fluctuations, suggesting a strategy of incremental buying rather than chasing high prices [4].