Group 1 - The core viewpoint of the article highlights the increasing attention and participation of institutional investors in the Beijing Stock Exchange (BSE) market, driven by an improved market ecosystem and the aggregation of high-quality enterprises [1][4] - The number of qualified investors in the BSE has reached approximately 9.5 million, with public fund holdings steadily increasing, and long-term funds such as social security and insurance funds actively positioning themselves [1][4] - Experts believe that the BSE is at a new development starting point, with ongoing reforms and the continuous gathering of quality enterprises, aiming to transition from "value discovery" to "value creation" [1][5] Group 2 - The BSE has demonstrated a distinct market characteristic and cluster effect, with 281 listed companies, over 90% being private enterprises, and more than half being national-level "little giant" enterprises [2] - The investment value of the BSE is supported by the continuous improvement in the quality of companies under review, with median net profits exceeding 70 million yuan and average profits over 90 million yuan [3] - Institutional investors are increasingly sharing their practical experiences in the BSE market, focusing on quality enterprises in the technology wave, supply chain companies supporting leading enterprises, and innovative companies with core technologies [4] Group 3 - The BSE is expected to achieve a leap from "value discovery" to "value creation" as market infrastructure continues to improve and product innovation injects new vitality into the market [5] - Several institutions are actively preparing products related to the BSE specialized and innovative index, with estimates suggesting the first batch could reach around 10 products [5] - The overall allocation ratio of public funds to the BSE is currently about 0.4% of their total stock market value, indicating significant room for growth as quality supply increases and investment tools diversify [5]

Group 1 - The report highlights that as of Q2 2025, the market value of public funds heavily invested in the Beijing Stock Exchange (BSE) reached 9.892 billion, a 56.0% increase quarter-on-quarter, representing 0.38% of the total A-share market [2][3][4] - The public fund allocation coefficient for the BSE has reached a record high of 0.66, up 0.23 from the previous quarter, indicating increased attention from both active and passive funds [2][5][11] - The BSE 50 index products have seen significant net subscriptions, with the total scale reaching 11.162 billion, an increase of 1.905 billion, driven by net subscriptions and the establishment of new products [2][16] Group 2 - The report notes that the average net value growth rate of thematic funds since Q2 2025 is 20.0%, outperforming the BSE 50 index's growth of 14.3% [2][16] - Active equity public funds have increased their concentration in holdings, with the top five stocks accounting for 60.8% of the total market value, up 10.3 percentage points from the previous quarter [2][17] - The report identifies a shift in industry allocations, with increased investments in beauty care, electrical equipment, and machinery, while allocations to automotive and electronics sectors have decreased [2][23][24]