Core Viewpoint - The recent US-China economic and trade consultation in London has yielded positive outcomes, enhancing bilateral economic relations and setting the stage for further cooperation [1] Group 1: Market Insights - The China Securities A500 Index (中证A500) is designed using an "industry balance" approach, representing the top 500 securities by market capitalization and liquidity, covering 100% of the second-level industries and 97% of the third-level industries in the China Securities market [1] - The A500 Index includes approximately 50% traditional value sectors (finance, materials, consumer, energy, public utilities) and 50% emerging growth sectors (industrial, information technology, communication services, healthcare) [2] - Historical performance shows that as of May 30, 2025, the A500 Index has increased by 350.35% since its base date, outperforming the CSI 300 and CSI 800 indices, which recorded returns of 284.02% and 314.03% respectively [2] Group 2: Investment Opportunities - Investors are encouraged to consider the China Securities A500 ETF (159338) for exposure to core A-share assets, with a scale of 19.742 billion yuan as of June 10, 2025, making it the largest among the first batch of A500 ETFs [3] - The A500 ETF has the highest average daily trading volume among the first batch of A500 ETFs, indicating strong liquidity [4]

Group 1 - The launch of DeepSeek has led to a revaluation of Chinese technology stocks, supported by favorable policies for economic stability, capital market reforms, and consumption promotion, resulting in an upward trend in the A-share market [1] - Foreign institutions are reassessing Chinese assets, with Morgan Stanley noting a significant increase in international investors' willingness to allocate to Chinese stocks, indicating substantial future growth potential due to relatively low exposure [1][2] - Nomura and other international investment banks have raised their growth forecasts for the Chinese economy, attributing this to ongoing monetary and fiscal policy support, resilient service sector performance, and technological breakthroughs [2] Group 2 - The CSI A500 index is designed using an "industry-balanced" approach, representing a selection of 500 securities with large market capitalization and good liquidity across various sectors, making it a core asset index in the A-share market [3] - The CSI A500 index covers 100% of the CSI secondary industries and 97% of the CSI tertiary industries, outperforming the CSI 300 index in terms of industry coverage [3][5] - The index consists of approximately 50% traditional value sectors and 50% emerging growth sectors, positioning it as a growth-oriented value index that can capture both value and growth stock rebounds [5] Group 3 - The CSI A500 index has demonstrated impressive long-term cumulative returns, with a growth rate of 350.35% since its base date, outperforming the CSI 300 and CSI 800 indices [8] - As of June 10, 2025, the CSI A500 ETF has a scale of 19.742 billion yuan, ranking first among 34 similar ETFs, indicating strong liquidity and investor interest [10][11]