Core Viewpoint - The Zhongzheng Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index has shown strong performance, with significant increases in constituent stocks and the Greater Bay Area ETF, indicating positive market sentiment and investment opportunities in the region [1][2]. Performance Summary - As of October 21, 2025, the Greater Bay Area Development Theme Index rose by 1.52%, with key stocks such as Vision Shares (up 7.33%) and Luxshare Precision (up 6.39%) leading the gains [1]. - The Greater Bay Area ETF (512970) increased by 1.09%, reaching a latest price of 1.48 yuan, and has seen a cumulative increase of 14.81% over the past three months [1]. - Over the past two years, the net value of the Greater Bay Area ETF has risen by 40.86%, with a maximum monthly return of 21.99% since inception [1]. Liquidity and Trading Activity - The Greater Bay Area ETF had a turnover rate of 0.01% during the trading session, with a total transaction value of 7967.20 yuan [1]. - The average daily trading volume over the past month was 457,900 yuan [1]. Risk and Return Metrics - The maximum drawdown for the Greater Bay Area ETF over the past six months was 6.86%, with a relative benchmark drawdown of 0.17% [2]. - The ETF's management fee is 0.15%, and the custody fee is 0.05% [2]. - The Sharpe ratio for the ETF over the past year was 1.13, indicating a favorable risk-adjusted return [1]. Tracking Accuracy - The tracking error for the Greater Bay Area ETF over the past month was 0.016%, demonstrating its close alignment with the Zhongzheng Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index [3]. Top Holdings - As of September 30, 2025, the top ten weighted stocks in the Zhongzheng Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index accounted for 48.8% of the index, with Luxshare Precision and BYD being the top two [4][6].

Core Insights - The China Securities Index for the Guangdong-Hong Kong-Macao Greater Bay Area (931000) has shown a strong increase of 1.21% as of October 20, 2025, with notable gains in constituent stocks such as Zhuhai Guanyu (688772) up by 15.04% and Jingwang Electronics (603228) up by 9.99% [1] Performance Summary - The Greater Bay Area ETF (512970) has risen by 0.82%, with a latest price of 1.47 yuan, and has accumulated a 14.03% increase over the past three months as of October 17, 2025 [1] - The ETF has a turnover rate of 0.07% during the trading session, with a transaction volume of 61,300 yuan, and an average daily transaction of 440,200 yuan over the past month [1] - Over the past two years, the net value of the Greater Bay Area ETF has increased by 34.64% [1] - The ETF's highest single-month return since inception was 21.99%, with the longest consecutive monthly gain being five months and a maximum increase of 32.62% [1] - The average monthly return during the rising months is 5.37%, and the ETF has outperformed its benchmark with an annualized excess return of 4.38% over the past six months [1] Risk and Fee Analysis - The maximum drawdown for the Greater Bay Area ETF over the past six months is 6.86%, with a relative benchmark drawdown of 0.17% [2] - The management fee for the ETF is 0.15%, and the custody fee is 0.05% [2] Tracking Precision - The tracking error for the Greater Bay Area ETF over the past month is 0.015%, indicating a close alignment with the underlying index [3] - The index reflects the overall performance of listed companies benefiting from the development of the Guangdong-Hong Kong-Macao Greater Bay Area, including a selection of up to 50 Hong Kong market securities, 300 companies from the Shanghai-Hong Kong Stock Connect, and 100 mainland market securities [3] Top Holdings - As of September 30, 2025, the top ten weighted stocks in the index include Luxshare Precision (002475), BYD (002594), Ping An Insurance (601318), and others, collectively accounting for 48.8% of the index [4]

Core Insights - The China Securities Index for the Guangdong-Hong Kong-Macao Greater Bay Area (931000) has shown a strong increase of 1.84% as of October 9, 2025, with notable gains in constituent stocks such as Xunwei Communication (300136) up 13.68% and ZTE Corporation (000063) also rising [1][3] Performance Summary - The Greater Bay Area ETF (512970) has risen by 1.95%, marking its third consecutive increase, with a latest price of 1.57 yuan. Over the past month, the ETF has accumulated a rise of 6.52% as of September 30, 2025 [1] - The ETF's trading volume showed a turnover of 0.79% during the session, with a total transaction value of 716,900 yuan. The average daily transaction over the past week was 473,200 yuan [1] - Over the last two years, the net value of the Greater Bay Area ETF has increased by 41.61%. The highest single-month return since inception was 21.99%, with the longest consecutive monthly increase being five months and a maximum increase of 32.62% [1] Risk and Fee Analysis - The Greater Bay Area ETF has a management fee rate of 0.15% and a custody fee rate of 0.05% [2] - The tracking error for the ETF over the past two months was 0.024%, indicating a close alignment with the underlying index [2] Index Composition - As of September 30, 2025, the top ten weighted stocks in the index accounted for 48.8% of the total weight, including companies like Luxshare Precision (002475) and BYD (002594) [3][5] - The top ten stocks by weight are as follows: - BYD (002594): 1.80% increase, 8.59% weight - China Ping An (601318): 0.11% increase, 8.55% weight - China Merchants Bank (600036): -0.40% decrease, 8.14% weight - Midea Group (000333): 0.03% increase, 5.08% weight - Luxshare Precision (002475): 1.33% increase, 5.04% weight - Mindray Medical (300760): -0.67% decrease, 3.91% weight - Huichuan Technology (300124): 7.02% increase, 3.49% weight - ZTE Corporation (000063): 9.99% increase, 3.00% weight - Gree Electric Appliances (000651): 0.76% increase, 2.88% weight - Shenghong Technology (300476): 0.67% increase, 2.33% weight [5]

Core Insights - The China Securities Index for the Guangdong-Hong Kong-Macao Greater Bay Area Development (931000) has shown a positive performance, with a 0.95% increase as of October 9, 2025, and notable gains in constituent stocks such as Shenzhen South Circuit (002916) and Shenzhen Technology (000021) [1][2] Performance Summary - The Greater Bay Area ETF (512970) has increased by 0.26%, with a latest price of 1.54 yuan, and a cumulative increase of 6.52% over the past month as of September 30, 2025 [1] - The ETF has recorded a net value increase of 41.61% over the past two years, with the highest single-month return being 21.99% and the longest consecutive monthly gain lasting five months [1][2] - Average monthly return for the ETF during the rising months is 5.37%, and it has outperformed the benchmark with an annualized excess return of 4.77% over the last six months [1][2] Liquidity and Trading Metrics - The Greater Bay Area ETF had a turnover rate of 0% during intraday trading, with a total transaction value of 308.00 yuan, and an average daily transaction volume of 473,200 yuan over the past week [1] - The ETF's relative drawdown against the benchmark was 0.17% over the past six months, with a recovery period of 79 days [2] Index Composition - The index closely tracks the performance of companies benefiting from the Greater Bay Area development, including a selection of up to 50 Hong Kong market securities, 300 companies from the Shanghai-Hong Kong-Shenzhen market, and 100 mainland market securities [2] - The top ten weighted stocks in the index account for 48.8% of the total weight, with notable companies including Luxshare Precision (002475), BYD (002594), and Ping An Insurance (601318) [3][5]

Core Viewpoint - The performance of the China Securities Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index and its related ETF shows positive growth, indicating a favorable investment environment in the region [1][2]. Group 1: Index Performance - As of September 30, 2025, the China Securities Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index (931000) increased by 0.68% [1]. - The top-performing constituent stocks include Jiangbolong (301308) with a rise of 14.89%, Deep Technology (000021) up by 9.98%, and Baiwei Storage (688525) up by 8.09% [1]. - Over the past two years, the net value of the Greater Bay Area ETF has increased by 41.12% [1]. Group 2: ETF Performance Metrics - The Greater Bay Area ETF (512970) rose by 0.72% to a latest price of 1.54 yuan [1]. - The ETF's average monthly return since inception is 5.38%, with the highest single-month return recorded at 21.99% [1]. - The ETF's annualized excess return over the benchmark for the past three months is 6.94% [1]. Group 3: Liquidity and Trading Activity - The trading volume for the Greater Bay Area ETF was 5,531.50 yuan with a turnover rate of 0.01% [1]. - The average daily trading volume over the past week was 541,400 yuan [1]. Group 4: Risk and Fee Structure - The management fee for the Greater Bay Area ETF is 0.15%, and the custody fee is 0.05% [2]. - The tracking error for the ETF over the past month was 0.027% [2]. Group 5: Top Holdings - As of August 29, 2025, the top ten weighted stocks in the index account for 49.06% of the total index weight, with China Ping An (601318) and BYD (002594) being the top two [3].

截至2025年9月19日 09:37，中证粤港澳大湾区发展主题指数(931000)上涨0.68%，成分股江波龙(301308) 上涨10.00%，广东宏大(002683)上涨6.58%，佰维存储(688525)上涨4.64%，华大智造(688114)上涨 4.53%，工业富联(601138)上涨3.98%。大湾区ETF(512970)下跌0.13%，最新报价1.49元。拉长时间看， 截至2025年9月18日，大湾区ETF近1周累计上涨0.40%。 流动性方面，大湾区ETF盘中换手0.01%，成交4315.20元。拉长时间看，截至9月18日，大湾区ETF近1 月日均成交77.91万元。截至9月18日，大湾区ETF近1年净值上涨53.68%。从收益能力看，截至2025年9 月18日，大湾区ETF自成立以来，最高单月回报为21.99%，最长连涨月数为4个月，最长连涨涨幅为 26.18%，上涨月份平均收益率为5.38%。截至2025年9月18日，大湾区ETF近3个月超越基准年化收益为 6.84%。1截至2025年9月12日，大湾区ETF近1年夏普比率为1.79。 跟踪精度方面，截至2025年9月18日，大湾区ETF近 ...

Core Viewpoint - The performance of the China Securities Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index and its related ETF shows positive growth, indicating strong investor interest and potential opportunities in the region's market [1][2]. Group 1: Index and ETF Performance - As of September 18, 2025, the index rose by 0.36%, with notable increases in constituent stocks such as Zhongke Feimeasure (5.77%) and Zhaochi Co., Ltd. (4.78%) [1]. - The Greater Bay Area ETF (512970) has seen a 4.20% increase over the past week and a 55.21% increase over the past year [1]. - The ETF's average monthly return since inception is 5.38%, with a maximum single-month return of 21.99% [1]. Group 2: Liquidity and Trading Metrics - The ETF had a turnover rate of 0.05% with a transaction volume of 47,100 yuan on September 17, 2025, and an average daily transaction volume of 788,100 yuan over the past month [1]. - The ETF's year-to-date relative drawdown is 0.43%, with a recovery period of 108 days [2]. Group 3: Fee Structure and Tracking Accuracy - The management fee for the ETF is 0.15%, and the custody fee is 0.05% [2]. - The tracking error over the past two months is 0.027%, indicating a close alignment with the underlying index [2]. Group 4: Top Holdings - The top ten weighted stocks in the index account for 49.06%, with China Ping An and BYD being the largest contributors [3]. - The weightings of the top stocks include China Ping An (8.55%), BYD (8.59%), and China Merchants Bank (8.14%) [5].

Group 1 - The world's largest clean energy base, the ±800 kV UHVDC transmission project from the eastern Tibet region to the Guangdong-Hong Kong-Macao Greater Bay Area, has officially commenced construction, marking the start of the most powerful and technologically advanced flexible DC transmission project globally [1] Group 2 - As of September 16, 2025, the CSI Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index (931000) has risen by 0.15%, with a one-year net value increase of 54.59% [2] - The Greater Bay Area ETF has achieved a maximum monthly return of 21.99% since its inception, with an average monthly return of 5.38% during the rising months [2] - The ETF's Sharpe ratio for the past year is 1.79, indicating strong risk-adjusted returns [2] Group 3 - The CSI Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index closely tracks companies benefiting from the development of the Greater Bay Area, including a selection of up to 50 Hong Kong stocks, 300 companies from the Shanghai-Hong Kong Stock Connect, and 100 mainland securities [3] - As of August 29, 2025, the top ten weighted stocks in the index include China Ping An, BYD, and China Merchants Bank, collectively accounting for 49.06% of the index [3]

Core Insights - The Zhongzheng Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index (931000) has shown a positive performance, with a 0.89% increase as of September 12, 2025 [2] - The Greater Bay Area ETF (512970) has also experienced a rise of 0.81%, marking its third consecutive increase [2] - The ETF has demonstrated significant growth over the past year, with a net value increase of 53.63% [2] Performance Metrics - The Greater Bay Area ETF has achieved a cumulative increase of 6.84% over the past week [2] - The ETF's average daily trading volume over the past month is 76.15 million yuan, with a turnover rate of 0.18% on September 11, 2025 [2] - The highest monthly return since the ETF's inception was 21.99%, with an average monthly return of 5.38% during rising months [2] Risk and Return Analysis - The ETF has a year-to-date relative drawdown of 0.43% as of September 11, 2025, with a recovery period of 108 days [3] - The Sharpe ratio for the ETF over the past year is 1.61, indicating a favorable risk-adjusted return [2][3] Fee Structure - The management fee for the Greater Bay Area ETF is 0.15%, while the custody fee is 0.05% [3] Tracking Accuracy - The tracking error for the ETF over the past month is 0.029%, indicating a close alignment with the underlying index [3] Index Composition - The top ten weighted stocks in the Zhongzheng Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index account for 49.06% of the index [4] - Key constituents include China Ping An, BYD, and China Merchants Bank, among others [4][6]

Core Insights - The China Securities Index for the Guangdong-Hong Kong-Macao Greater Bay Area (931000) has shown a strong increase of 1.10% as of September 10, 2025, with notable gains in constituent stocks such as Shenghong Technology (300476) up by 13.24% and Industrial Fulian (601138) up by 10.00% [1] Performance Summary - The Greater Bay Area ETF (512970) has risen by 0.92%, with a latest price of 1.43 yuan, and has accumulated a 9.48% increase over the past month as of September 9, 2025 [1] - Over the past year, the Greater Bay Area ETF has seen a net value increase of 47.70%, with the highest single-month return recorded at 21.99% and the longest consecutive monthly gain lasting 4 months with a total increase of 26.18% [1] - The average monthly return during the rising months is 5.38%, and the ETF has outperformed its benchmark with an annualized excess return of 8.81% over the last three months [1] Liquidity and Trading Activity - The trading volume for the Greater Bay Area ETF was 3.68 million yuan with a turnover rate of 0.04% as of September 9, 2025, and the average daily trading volume over the past month was 748,200 yuan [1] Risk and Fee Structure - The Greater Bay Area ETF has a management fee rate of 0.15% and a custody fee rate of 0.05% [2] Tracking Accuracy - The tracking error for the Greater Bay Area ETF was 0.029% over the past month, indicating a close alignment with the underlying index [3] Top Holdings - As of August 29, 2025, the top ten weighted stocks in the index include China Ping An (601318), BYD (002594), and China Merchants Bank (600036), collectively accounting for 49.06% of the index [4]