Core Viewpoint - The implementation of the "Eight Measures" by the China Securities Regulatory Commission has accelerated the improvement of the STAR Market index system, leading to a significant capital ecosystem transformation that directs funds towards "hard technology" sectors such as semiconductors, AI, and biomedicine, becoming a key engine for cultivating new productive forces [1][4]. Index Development - The "Eight Measures" aim to continuously enrich the variety of STAR Market indices and improve index compilation methods, which are seen as essential tools for guiding long-term and index investments, thus fostering patient capital formation [2][3]. - The launch of the STAR Market Comprehensive Index marks a further enhancement of the index system, reflecting the overall performance of the STAR Market and injecting new vitality into capital market services for technological innovation [3]. Investment Products Innovation - Following the index releases, innovation in investment products related to the STAR Market has progressed, with over 16 ETF products launched by various fund companies, aimed at guiding funds to support the development of "hard technology" [4][5]. - The STAR Market has seen a significant increase in institutional investor participation, with over 77,000 active accounts and a market capitalization held by fund investors exceeding 1.2 trillion yuan, reflecting a 37% year-on-year growth [5][6]. Future Outlook - The Shanghai Stock Exchange has developed a three-year action plan to enhance the index system, focusing on enriching services for national strategies and the real economy, which is expected to create a virtuous cycle in the index investment market [6]. - The STAR Market is anticipated to become a "capital accelerator" for hard technology development, facilitating the rapid integration of technological breakthroughs and industrial upgrades [6].

Core Viewpoint - The Shanghai Stock Exchange and China Securities Index will officially launch the Shanghai Stock Exchange Science and Technology Innovation Board Computer Theme Index on May 27, which aims to reflect the overall performance of listed companies in the computer sector on the Science and Technology Innovation Board [1][3]. Group 1: Index Launch and Market Performance - The new index will include 50 stocks from the computer sector, such as Anheng Information, Guodun Quantum, and Shanshi Network Technology, focusing on software development, IT services, and computer hardware [3][5]. - On May 26, the computer sector saw a strong performance, with the CSI Computer Index rising by 1.39%, driven by news of a merger between two major computing companies [3][4]. - Several computer-themed ETFs also experienced significant gains, with Tianhong CSI Computer Theme ETF rising by 1.77% as of May 26 [3][4]. Group 2: Investment Opportunities and Trends - Over the past year, various computer-related indices have shown an increase of over 19%, indicating strong investment interest in the sector [4]. - The launch of the new index is expected to attract more ETFs that track it, providing investors with low-cost, diversified investment tools [5][6]. - The ongoing development of AI applications is anticipated to boost demand for software and computer hardware, further enhancing the investment landscape in the computer sector [5][6].

Group 1 - The core viewpoint of the news is the launch of the Shanghai Stock Exchange Science and Technology Innovation Board Computer Theme Index, which adds to the growing number of A-share indices, reaching 402 this year, a 24.01% increase year-on-year [1] - The development of the index system is guided by policies such as the "Action Plan for Promoting High-Quality Development of Index Investment in Capital Markets," which aims to enhance the quality and diversity of index offerings [1][2] - The A-share market has seen a significant increase in the number of new indices, particularly in the bond category, with 154 new bond indices launched this year, marking a 42.59% increase compared to the previous year [2] Group 2 - The new indices reflect a deep alignment with national development strategies, focusing on sectors like biotechnology and semiconductors, which are part of the "new quality productivity" strategy [3] - The index compilation logic has become more refined, emphasizing "theme deepening + scenario segmentation," allowing for a more precise capture of micro-level industry upgrades [3] - Future index product innovations are expected to accelerate, expanding from broad-based indices to more specialized thematic indices and incorporating a wider range of asset classes [4] Group 3 - The structural optimization of A-share indices is closely tied to national strategies, with a clear framework established by the China Securities Regulatory Commission's "Action Plan" [5] - Since the release of the "Action Plan," 114 new ETF products have been launched by 35 fund companies, indicating a robust response from market participants [5] - Collaborative efforts, such as the partnership between Shenzhen Securities Information Co. and Hang Seng Indexes, aim to create cross-border investment indices to meet investor needs [6] Group 4 - The initiatives are transforming the index investment ecosystem from a "single product supply" model to a "full-chain capability building" approach, fostering a positive cycle of policy guidance, market response, and ecological feedback [7] - Index investment is positioned as a foundational element driving high-quality development in the capital market, serving not only as an investment tool but also as a means to support national strategies [7]

计算机产业是现代科技革命的基石之一，其发展正呈现多元化、融合化的显著特征，不仅推动着产业自 身的迭代升级，也促进制造、医疗、金融等各行业向数字化、网络化、智能化方向深度转型。当前，科 创板已形成显著的产业集聚效应，吸引了一批云计算、人工智能、量子计算、车联网等计算机产业前沿 方向的领军企业。科创板计算机相关上市公司展现出较强的成长能力与创新能力，过去三年营业收入总 额的年复合增长率达18%，研发投入总额的年复合增长率达11%。 据了解，上交所和中证指数公司将围绕落实资本市场高质量发展相关部署及"科创板八条"相关工作安 排，持续丰富科创板指数体系，更好服务科技创新和新质生产力发展，为投资者提供更多元的指数工 具。 计算机产业是现代科技革命的基石之一，其发展正呈现多元化、融合化的显著特征，不仅推动着产业自 身的迭代升级，也促进制造、医疗、金融等各行业向数字化、网络化、智能化方向深度转型。 在"科创板八条"发布即将一周年之际，科创板指数又添新亮色！上海证券交易所和中证指数有限公司将 于2025年5月27日正式发布上证科创板计算机主题指数（指数简称"科创计算机"）。据了解，科创计算 机指数从科创板中选取50只市值较大 ...

Group 1 - The Shanghai Stock Exchange and China Securities Index Co., Ltd. will officially launch the Shanghai Stock Exchange Sci-Tech Innovation Board Computer Theme Index on May 27, 2025, providing a richer set of investment targets for the market [1] - The index will select listed companies in the Sci-Tech Innovation Board that are involved in software development, information technology services, and computer hardware, reflecting the overall performance of securities in the computer sector [1]