Group 1 - E Fund's Shanghai Stock Exchange 380 ETF and its connected funds, as well as the Shanghai Stock Exchange 580 ETF and its connected funds, have been officially approved [1] - The Shanghai Stock Exchange 380 Index has optimized its compilation scheme, introducing stricter liquidity screening and ESG considerations, positioning itself as a "mid-cap" index that aligns with the direction of economic transformation and upgrading [1] - The optimized index includes nearly 30% of "specialized, refined, distinctive, and innovative" enterprises, with close to 20% of companies listed on the Sci-Tech Innovation Board, serving as an important tool for uncovering the growth potential of mid-cap blue-chip stocks in the Shanghai market [1] Group 2 - The Shanghai Stock Exchange 580 Index, released in June this year, consists of 580 stocks with smaller market capitalization and better liquidity, aiming to reflect the overall performance of small-cap stocks in the Shanghai market [1] - The innovative attributes of the index are notable, with approximately 50% of the composition from the private economy and around 60% from emerging industries, facilitating investors in capturing growth opportunities in small-cap stocks in the Shanghai market [1]

Core Viewpoint - The approval of the first batch of Shanghai Stock Exchange 580 ETFs by Huaxia and E Fund indicates a trend of simultaneous reporting and approval of ETFs and their corresponding funds, suggesting a linkage between on-market and off-market issuance [1] Group 1 - Huaxia and E Fund have received approval for the first batch of Shanghai Stock Exchange 580 ETFs, which were reported on June 23 [1] - The simultaneous reporting and approval of ETFs and linked funds is a rare occurrence, highlighting a new trend in the market [1] - The Shanghai 580 Index is positioned as a small-cap index for the Shanghai market, complementing the existing Shanghai 50, 180, and 380 indices [1]