（原标题：富时罗素亚太区股票及多资产指数联席主管闫岩：积极搭建国际与中国资本互联互通桥梁） 新岁序开迎盛景，马蹄催春踏锦程。资本融通兴百业，长风万里任纵横。值此马年新春，辞旧迎新之 际，我谨代表富时罗素全体员工，向尊敬的中国基金报读者、一路支持富时罗素业务发展的各界同仁与 广大投资者朋友致以衷心的感激与诚挚的问候！恭祝大家长安常安，所求皆得，万事胜意，新春喜乐！ 2025年，是中英财金对话重启、中国资本市场高质量发展提速的关键一年。 作为深耕中国市场的英国指数公司，我们欣喜看到中国资本市场在制度型开放、长钱入市、规模流动性 双升、新质生产力资产扩容等方面取得显著成果。这一年，沪深港通活跃度稳步增长，QFII/RQFII投资 范围优化扩容，外资参与债券回购等业务落地，跨境资金融通效率明显提升；中国证监会发布《推动中 长期资金入市工作方案》，配套指数化投资、公募基金高质量方案落地，"引长钱、促长投"制度改革深 化，打通入市长效通道。这一年，A股总市值首破100万亿元，全年成交突破400万亿元，日均成交超1.7 万亿元，市场规模与流动性实现质变，整体深度与韧性显著增强；"战新"公司IPO数量约100家，科创债 发行 ...

Core Viewpoint - The FTSE China A-Share Free Cash Flow Index constituents are concentrated in materials, industrials, and consumer discretionary sectors, exhibiting strong defensive characteristics. The free cash flow index has outperformed the overall market during turbulent periods, demonstrating its risk-averse function [1] Group 1: Industry Analysis - The free cash flow rate shows a significant positive correlation with dividend yield, indicating that companies with ample cash flow are more likely to provide stable dividends, thus avoiding "value traps" associated with insufficient cash flow support [1] - The FTSE Cash Flow Index has outperformed the CSI Dividend Index and the CSI 300 Index for nine consecutive years from 2016 to 2024, highlighting its consistent performance in the market [1] Group 2: Investment Opportunities - Investors are encouraged to pay attention to the cash flow ETF (159399), which focuses on large and mid-cap stocks, with a higher proportion of central state-owned enterprises compared to similar cash flow indices. Monthly dividend assessments are available for interested investors [1]