Group 1 - The China Securities Regulatory Commission has approved the submission of the Shanghai Stock Exchange 380 ETF and 580 ETF by E Fund and Huaxia Fund, respectively, enhancing the investment tools available for the flagship broad-based index system [1][2] - The optimized SSE 380 Index is designed to represent mid-cap stocks in the Shanghai market, featuring 380 constituent stocks with a median market capitalization of approximately 18.36 billion [1] - The SSE 580 Index aims to reflect the overall performance of small-cap stocks in the Shanghai market, with a median market capitalization of about 8.25 billion and an annualized return of approximately 8.2% since its inception [2] Group 2 - The SSE 380 Index has improved representativeness, stability, and industry balance through stricter liquidity screening and ESG considerations, with a 3.2% increase in the weight of Sci-Tech Innovation Board securities [1][2] - The SSE 580 Index includes a significant proportion of companies from the Sci-Tech Innovation Board and specialized new enterprises, highlighting its focus on innovative small-cap stocks [2] - The flagship broad-based index system covers all listed companies in the Shanghai market, providing essential tools for investors to engage with core A-share assets, and the recent ETF submissions will facilitate targeted investments in mid-cap and small-cap growth enterprises [3]

ETF Industry News - The three major indices collectively rose, with the Shanghai Composite Index increasing by 1.15%, the Shenzhen Component Index by 1.68%, and the ChiNext Index by 2.3. Multiple ETFs in the electric power equipment sector saw significant gains, including the Kexin New Energy ETF (588830.SH) up by 4.71%, Battery 50 ETF (159796.SZ) up by 4.12%, and Battery ETF (561910.SH) up by 4.01. In contrast, several ETFs in the non-ferrous metals sector declined, with the Gold Stocks ETF (517400.SH) down by 1.47% [1][3][6] - Wanlian Securities noted that in the context of energy transition, global renewable energy installations are rapidly increasing, coupled with the upgrade of grid equipment, leading to stable growth in global grid construction investment. China's electric power equipment products possess technological and cost advantages, making them competitive, with the export of transformers, electric meters, switches, and cables expected to benefit continuously [1] New ETF Launches - The first batch of the Shanghai Stock Exchange 580 ETF has been reported, with Huaxia Fund and E Fund simultaneously applying for the Shanghai Stock Exchange 580 ETF and its linked fund. The Shanghai 580 Index, which focuses on small-cap stocks, was just released in mid-June, and the recently optimized Shanghai 380 Index has also attracted interest from public funds [2] Market Performance Overview - On June 24, the three major indices rose collectively, with the Shanghai Index closing at 3420.57 points, the Shenzhen Component at 10217.63 points, and the ChiNext Index at 2064.13 points. The North Stock 50 and ChiNext Index ranked high in daily performance, with daily increases of 3.65% and 2.3%, respectively [3] Sector Performance - In the performance of various sectors, electric power equipment, non-bank financials, and retail trade ranked at the top, with daily increases of 2.85%, 2.68%, and 2.64%, respectively. In contrast, the oil and petrochemical, coal, and defense sectors lagged behind, with daily changes of -2.1%, -0.22%, and 0.13% [6] ETF Market Performance - The overall performance of ETFs showed that cross-border ETFs performed the best with an average increase of 1.94%, while commodity ETFs had the worst performance with an average decrease of -1.21% [8] - The top five performing ETFs today included the Kexin New Energy ETF (588960.SH) with a return of 9.44%, followed by the Robot 50 ETF (159559.SZ) at 4.79%, and the Kexin New Energy ETF (588830.SH) at 4.71% [10] Trading Volume of Different ETF Categories - The top three ETFs by trading volume were the CSI 300 ETF (510300.SH) with a trading volume of 4.815 billion, Kexin 50 ETF (588000.SH) at 3.393 billion, and A500 ETF (512050.SH) at 3.345 billion [12][13]

Group 1 - The China Securities Regulatory Commission (CSRC) has approved the submission of the Shanghai Stock Exchange 380 ETF, Shanghai Stock Exchange 580 ETF, and their respective connection funds by E Fund Management and Huaxia Fund [1] - The optimized Shanghai Stock Exchange 380 Index is positioned as a representative of mid-cap new blue-chip stocks, consisting of 380 selected constituent stocks with a median market capitalization of approximately 18.36 billion [1] - The optimization significantly enhances the index's representativeness, stability, and industry balance, with stricter liquidity screening and ESG considerations introduced [1] Group 2 - The newly launched Shanghai Stock Exchange 580 Index aims to comprehensively reflect the overall performance of small-cap stocks, with a median market capitalization of about 8.25 billion and an annualized return of approximately 8.2% since its base date [1] - The sample of the Shanghai Stock Exchange 580 Index includes about 30% of companies listed on the Sci-Tech Innovation Board, 40% specialized and innovative enterprises, 50% belonging to the private economy, and 60% from emerging industries, highlighting its small-cap innovation attributes [1] - The total market capitalization of the Shanghai Stock Exchange accounts for over 60% of the A-share market, characterized by "blue-chip, hard technology, and high dividends" [2]

Core Viewpoint - The introduction of the new Shanghai Stock Exchange 580 Index has prompted immediate interest from fund companies, with both Huaxia Fund and E Fund applying to launch ETFs tracking this index, indicating a competitive landscape for new index funds [1][2]. Summary by Sections New Index Launch - The Shanghai Stock Exchange 580 Index was launched in mid-June 2023, focusing on small-cap stocks. It includes 580 securities selected from the Shanghai market based on smaller market capitalization and good liquidity [1][2]. - The total free float market capitalization of the index's constituent stocks is approximately 2.67 trillion yuan, with the largest stock having a free float market cap of 145.26 million yuan and the smallest at 6.82 million yuan [2]. Characteristics of the 580 Index - The index emphasizes innovation and supports high-quality development of the real economy, with around 30% to 60% of its weight allocated to sectors like the Science and Technology Innovation Board, specialized and innovative companies, private enterprises, and emerging industries [2]. - As of June 20, 2023, the index has seen a cumulative increase of 48.1% since its base date, with an annualized return of 6.46%, showcasing strong growth potential for small-cap innovative stocks in the Shanghai market [2]. Overview of the 380 Index - The Shanghai Stock Exchange 380 Index, established in 2010, reflects the performance of medium-cap companies and includes 380 securities selected for their medium market capitalization and liquidity [3]. - The total free float market capitalization of the 380 Index is approximately 4.10 trillion yuan, with the largest stock at 449.26 million yuan and the smallest at 17.06 million yuan [3]. Optimization of the 380 Index - The 380 Index has undergone a recent optimization, which includes revisions to the sample space, investment criteria, and the introduction of ESG screening, enhancing its representativeness and stability [4][5]. - The optimized index aims to better represent the mid-cap segment of the market, with a median market cap of approximately 183.6 million yuan for its constituents [4]. Relationship Among Indices - The 580 and 380 indices, along with the more established 50 and 180 indices, form a comprehensive index series that reflects the performance of companies across different market capitalizations in the Shanghai market [6]. - This series provides a clearer tiered structure for investors, covering a total of 1,140 sample securities, which accounts for about 50% of the market in terms of quantity and nearly 90% in total market capitalization [6]. Popularity of the 50 Index - The Shanghai Stock Exchange 50 Index is the most recognized and representative index, with 12 ETFs tracking it, the first being launched in 2004. The total scale of these ETFs is approximately 153.65 billion yuan, with the Huaxia 50 ETF alone accounting for 145.74 billion yuan [7]. - The competitive nature of index fund launches indicates a strong trend among fund companies to quickly respond to new index introductions, although the homogeneity of index funds can lead to significant differences in scale based on timing and resource allocation [7].

Core Viewpoint - The expansion of the Shanghai Stock Exchange's flagship broad-based index system has led to the introduction of new ETFs, providing investors with additional tools to capture opportunities in small-cap and mid-cap growth stocks [1][4]. Group 1: New ETF Introductions - On June 23, 2023, Huaxia and E Fund filed for the Shanghai 580 ETF and Shanghai 380 ETF, along with their respective ETF linked funds, allowing investors to focus on small-cap growth opportunities and mid-cap new blue chips [1][4]. - The Shanghai 580 ETF tracks the newly introduced Shanghai 580 Index, which aims to reflect the overall performance of small-cap stocks in the Shanghai market [4][5]. Group 2: Characteristics of the Shanghai 580 Index - The Shanghai 580 Index is designed to represent small-cap stocks, with approximately 30%, 40%, 50%, and 60% of its components belonging to sectors such as the Science and Technology Innovation Board, specialized and innovative enterprises, private economy, and emerging industries [4][6]. - The index consists of 580 securities selected based on liquidity and ESG criteria, with a median market capitalization of approximately 85 million and an average market capitalization of about 94 million [4][6]. Group 3: Performance of the Shanghai 580 Index - As of June 20, 2023, the Shanghai 580 Index has increased by 48.1% since its base date on December 28, 2018, with an annualized return of 6.46%, indicating strong growth potential for small-cap innovative stocks in the Shanghai market [6]. Group 4: Introduction of the Shanghai 380 Index - E Fund has also reported the Shanghai 380 ETF, which focuses on mid-cap new blue chips, selecting 380 constituent stocks with a median market capitalization of approximately 183.6 million [8]. - The optimized Shanghai 380 Index is characterized by stability, industry balance, and a focus on emerging industries, making it a valuable investment tool for capturing mid-cap growth opportunities [8]. Group 5: Overall Index System Upgrade - The introduction of the Shanghai 580 Index and the optimization of the Shanghai 380 Index represent a significant upgrade to the Shanghai flagship broad-based index system, creating a clear hierarchy of indices: Shanghai 50 (large-cap), Shanghai 180 (large-cap), Shanghai 380 (mid-cap), and Shanghai 580 (small-cap) [8].

Group 1 - The core point of the article is that multiple ETFs and their corresponding funds have been reported to the China Securities Regulatory Commission (CSRC) by various companies, indicating a growing interest in these investment vehicles [1] - E Fund has submitted applications for the Shanghai Stock Exchange 380 ETF, the Shanghai Stock Exchange 580 ETF, and their corresponding funds [1] - Huaxia Fund has also reported the Shanghai Stock Exchange 580 ETF and its corresponding funds [1] Group 2 - The Shanghai Stock Exchange 380 Index optimization has been officially implemented recently [1] - The Shanghai Stock Exchange 580 Index has released real-time market data [1]

Core Viewpoint - The expansion of ETF offerings in China is aimed at providing investors with more diversified asset allocation options through the introduction of new indices and funds [1] Group 1: ETF Expansion - E Fund has submitted applications for the Shanghai 380 ETF, Shanghai 580 ETF, and their corresponding linked funds [1] - Huaxia Fund has also submitted applications for the Shanghai 580 ETF and its linked funds [1] - The Shanghai Stock Exchange and China Securities Index Company have announced an optimization plan for the Shanghai 380 Index and released real-time data for the Shanghai 580 Index [1] Group 2: Investment Tools - The optimization of the Shanghai 380 Index officially took effect on June 16, and the Shanghai 580 Index has been launched [1] - The new ETFs and linked funds will enrich the flagship broad-based index system, providing a comprehensive range of investment tools for investors [1] - The flagship broad-based index system now includes the Shanghai 50, Shanghai 180, Shanghai 380, and Shanghai 580 indices, covering large, medium, and small-cap stocks [1]