Group 1 - The Sci-Tech Innovation Index has shown strong performance among major broad-based indices, with an increase of 5.66%, ranking in the top three [1] - The current market is characterized by high investment prosperity, with the high prosperity index significantly outperforming the Shanghai Composite Index [1] - The technical timing model indicates a risk level of 106.24 for the Sci-Tech Innovation Index, with both short-term and medium-term trends showing upward movement, and an overall score of 36.30 [1] Group 2 - The Sci-Tech Innovation Index ETF, Guotai (589630), tracks the Sci-Tech Innovation Index (000680), with a daily fluctuation limit of 20% [1] - The index is composed of non-ST and *ST stocks listed on the Sci-Tech Innovation Board for over a year, using a total market capitalization weighting method to reflect the overall performance of listed companies [1] - The index covers a wide range of market capitalizations, with a significant concentration in the information technology and healthcare sectors, highlighting the Sci-Tech Innovation Board's focus on technological innovation [1] Group 3 - Investors without stock accounts can consider Guotai's CSI Sci-Tech Innovation Board Comprehensive ETF Initiated Link A (023733) and Guotai's CSI Sci-Tech Innovation Board Comprehensive ETF Initiated Link C (023734) [1]

Group 1 - The main index, the Sci-Tech Innovation Index, has shown strong performance, ranking among the top three in terms of growth, indicating continued market preference for the technology growth sector [1] - The communication (7.66%) and electronics (7.02%) sectors are leading the performance among the Shenwan first-level industries, confirming the market's preference for high-growth tracks [1] - The current market exhibits a "growth dominance" characteristic, with small-cap growth (5.07%) and growth style index (5.04%) showing significant gains, aligning with the strong performance of the Sci-Tech Innovation Index [1] Group 2 - The Sci-Tech Innovation Index ETF from Guotai (589630) tracks the Sci-Tech Innovation Index (000680), with a daily fluctuation limit of up to 20% [1] - This index covers nearly 97% of the listed companies on the Sci-Tech Innovation Board, with constituent stocks primarily in electronics, pharmaceuticals, machinery, and computers, characterized by high R&D investment and high self-developed technology content [1] - The Sci-Tech Innovation Index focuses on reflecting the performance of hard technology and strategic emerging industries, showcasing the overall market dynamics of the Sci-Tech Innovation Board [1]

没有股票账户的投资者可关注国泰上证科创板综合ETF发起联接A（023733），国泰上证科创板综 合ETF发起联接C（023734）。 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 中泰证券指出，当前市场风格正从传统周期性板块逐步转向科技板块，这一趋势受到政策与事件推 动的影响。预计10月召开的四中全会将讨论未来五年发展战略，政策导向加速资本向高科技、新兴产业 倾斜。9月3日的抗战胜利阅兵将增强军工板块投资预期，尤其是在国防现代化和采购方面。中美元首会 晤的缓和预期有助于缓解贸易和地缘紧张局势，为出口导向型科技企业营造更宽松的外部环境，进一步 强化市场对科技板块的信心。科技板块（AI、机器人）依然具备结构性成长逻辑，市场后续结构性行 情很可能延续这一路径。 每日经济新闻 科创综指ETF国泰（589630）跟踪的是科创综指（000680），单日涨跌幅可达20%。该指数全称上 证科创板 ...

Group 1 - The technology sector is recommended as a key focus area until August 2025, driven by the positive trends in the AI industry chain and the current surge in software applications, indicating potential for further growth in domestic computing power and AI applications [1] - The pharmaceutical and biotechnology sectors, particularly innovative drugs, have shown significant price increases, with a long-term positive trend and some companies still having room for valuation recovery compared to their 2020 peaks [1] - The defense and military industry is expected to receive continuous catalysts, with the current fundamentals and confidence in the military sector being better than in historical years, driven more by fundamental factors than calendar effects [1] Group 2 - The Guotai Science and Technology Innovation Index ETF (589630) tracks the Science and Technology Innovation Index (000680), which can experience daily fluctuations of up to 20%, covering nearly 97% of the market capitalization of the Science and Technology Innovation Board [1] - The index emphasizes technological innovation and growth, with a balanced industry distribution aimed at reflecting the overall performance of the Science and Technology Innovation Board market [1] - Investors without stock accounts can consider the Guotai Science and Technology Innovation Board Comprehensive ETF Initiated Link A (023733) and Link C (023734) [1]

Group 1 - The current long-term interest rate decline is slowing, and domestic and international disturbances are turning positive, which, along with policies aimed at "de-involution," supports capacity clearing, improves competitive landscape, and revives inflation, benefiting the ChiNext Index and technology sectors [1] - In the industrial sector, new growth drivers such as AI (computing power), Hong Kong internet, innovative pharmaceuticals, new consumption, and new energy (vehicles) are entering their respective cyclical turning points, providing conditions for undervalued large-cap growth and the return of "intermediate assets" to excess effectiveness [1] - The ChiNext Index and technology sectors are expected to continue their superior performance in the third quarter, with innovative pharmaceuticals and optical modules maintaining strong performance due to overseas demand [1] Group 2 - The ChiNext Index is currently valued below the historical 30th percentile, and its earnings growth and trends are advantageous compared to broad-based indices, making it a likely beneficiary direction [1] - The Guotai ETF (589630) tracks the ChiNext Index (000680), with a daily fluctuation limit of 20%. This index selects representative listed companies from the Shanghai Stock Exchange's ChiNext market to reflect the overall performance of the ChiNext market [1] - The ChiNext Index has a balanced industry distribution, covering multiple technology innovation fields such as power equipment, machinery manufacturing, and pharmaceuticals, showcasing the diversification characteristics of the ChiNext board in the technology innovation sector [1]

没有股票账户的投资者可关注国泰上证科创板综合ETF发起联接A（023733），国泰上证科创板综合 ETF发起联接C（023734）。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 （文章来源：每日经济新闻） 东吴证券指出，科创综指在主要宽基指数中表现较好，技术分析模型显示，当前市场情绪较为亢奋，可 能出现波动放大的情况，但中期趋势良好，后续再起二波上涨的可能性较大。此外，美联储降息预期提 升有利于A股企稳修复，市场调整力度有限，资金买入意愿较强，情绪有望进一步修复。 科创综指ETF国泰（589630）跟踪的是科创综指（000680），该指数是表征上海证券交易所科创板市场 整体表现的综合指标，涵盖了科创板上市公司的广泛样本。指数成分股覆盖行业分布均衡，以电力设 备、机械制造和医药等行业为主。科创综指旨在全面反映科创板市场的整体走势及其行业结构特征， ...

注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风险，投资需谨慎。 科创综指ETF国泰（589630）跟踪的是科创综指（000680），当日涨跌幅可达20%。该指数从科创 板市场中选取所有上市股票作为指数样本，以反映科创板市场整体表现。科创综指涵盖了信息技术、生 物医药、新能源等高新技术领域的上市公司证券，集中体现了科技创新型企业的发展状况，具有显著的 创新驱动和成长性特征。 没有股票账户的投资者可关注国泰上证科创板综合ETF发起联接A（023733），国泰上证科创板综 合ETF发起联接C（023734）。 消息面上，7月27日，上海市政府常务会议原则同意《上海市加快推动"AI+制造"发展的实施方 案》，明确支持人工智能与制造业融合。 民生证券指出，证监会年中工作会议强调激发多层次市场活力，推动科创板改革举措落地，结合创 业板新规稳步实施，有助于提升资本市场包容性，更 ...

Core Viewpoint - The Central Urban Work Conference signals a marginal tightening of overall policy, emphasizing an industrial layout guided by "acting according to rules," which brings structural benefits to the technology sector [1] Group 1: Policy and Market Environment - The U.S. has allowed NVIDIA to resume exports of H20 AI chips to China, coupled with signals of easing U.S.-China relations from the People's Daily, indicating a sustainable rebound for tech stocks [1] - The Ministry of Industry and Information Technology's recent guidance documents for stable growth in the industry serve as directional guidance rather than strong stimulus, avoiding a repeat of the cyclical commodity market from the 2016 supply-side reform [1] - The Yarlung Tsangpo River hydropower project has greater strategic significance, indicating signals of non-traditional infrastructure expansion [1] Group 2: Sector Performance and Investment Opportunities - The policy focus in the third quarter shifts towards structural optimization, with technology and military sectors showing strong elasticity due to policy support and improved external conditions, while breakthroughs in AI technology further bolster the rebound momentum in the tech sector [1] - The Guotai Science and Technology Innovation Index ETF (589630) tracks the Science and Technology Innovation Index (000680), with a daily fluctuation limit of 20%. This index reflects the overall performance of the Science and Technology Innovation Board, covering nearly all listed companies with a market capitalization coverage rate of approximately 97% [1] - The constituent stocks of the index emphasize technological innovation capabilities, representing the development trend of China's high-tech industry [1] - Investors without stock accounts can consider Guotai's Science and Technology Innovation Board Comprehensive ETF Initiating Link A (023733) and Link C (023734) [1]

科创综指ETF（589630）涨超1.0%，硬科技赛道迎周期性拐点。 广发证券指出，科创板权重行业呈现"硬科技"特征，电子核心产业（44.07%）、生物产业 （15.92%）和智能制造装备产业（9.15%）为市值前三大行业。半导体产业正迎来AI驱动的新一轮升级 周期，云端向终端渗透与高性能计算共振推升需求，DDR4涨价加速存储技术迭代，催生服务器升级周 期。创新药产业通过License-out出海实现突破，2024年交易规模达519亿美元，呈现持续增长态势。电 子核心产业、人工智能产业和生物医药产业2024年营收增速分别达17.39%、28.44%和32.36%，其中生 物医药产业盈利预期显著高增。科创板研发强度稳定在11%的高位，2024年整体研发投入达1546.80亿 元，凸显创新驱动特征。 科创综指ETF（589630）跟踪的是科创综指（000680），单日涨跌幅可达20%。该指数由上海证券 交易所发布，覆盖科创板内符合条件的所有上市公司证券（不包括ST、*ST证券），旨在反映科创板市 场的整体表现。科创综指注重市场综合性和代表性，涵盖多种行业和技术领域的创新型企业，能够全面 展现科创板上市公司的整体走 ...

科创综指ETF（589630）上涨2.03%，政策红利助推科技板块估值修复。 消息面上，6月18日，资本市场推出新设科创成长层的重要改革举措，多家权威媒体报道了这一进展。 新华社报道称"新设科创成长层！资本市场包容性改革迈出重要步伐"，新华网同日发布"财经慧说"栏目 专题解读，指出这是科创板又一重大动作，相关改革旨在进一步优化多层次资本市场体系。 科创综指ETF国泰跟踪的是科创综指，该指数由中证指数有限公司编制，从上海证券交易所科创板市场 中选取具有高科技创新属性的上市公司证券作为指数样本，覆盖信息技术、生物医药、高端装备制造等 行业，旨在反映科创板市场整体表现，体现中国"硬科技"领域核心资产的成长性与创新力。 西部证券指出，科创板创业板改革持续深化，旨在切实服务科技创新。证监会发布《关于在科创板设置 科创成长层 增强制度包容性适应性的意见》，通过设置科创成长层并明确企业入层条件、强化信息披 露等措施，提升对优质科技型企业的制度包容性。同时，央行在上海"先行先试"结构性货币政策工具， 引导银行信贷投向科创领域，叠加跨境支付通上线等金融开放举措，将助力高新产业及制造业集聚区域 的贷款增长。银行板块中，地处科创企 ...