Core Insights - The Jiashi Hang Seng Index Hong Kong Stock Connect ETF is set to be listed on October 31, 2025, with a total of 287 million shares for trading [1] - As of October 24, 2025, the fund's asset allocation shows 71.78% in bank deposits and settlement reserves, while stock investments account for 28.22% [1] - A total of 13 stock ETFs have announced listings in October, with an average position of only 33.06% [1] Fund Statistics - The Jiashi Hang Seng Index Hong Kong Stock Connect ETF has a fundraising scale of 287 million shares, with a position of 28.22% as of October 24, 2025 [2] - Other notable ETFs include the Guangfa CSI Satellite Industry ETF with 1.171 billion shares and a position of 33.38%, and the Huaxia SSE 180 ETF with 2.28 billion shares and a position of 19.95% [2] - The average fundraising for newly announced ETFs in October is 452 million shares, with the Guangfa CSI Satellite Industry ETF leading in scale [2] Institutional Investor Participation - Institutional investors hold an average of 15.83% of the shares in the newly listed ETFs, with the Jiashi Hang Seng Index Hong Kong Stock Connect ETF having 59.52% held by institutions [2] - The highest institutional ownership is seen in the Penghua Hong Kong Stock Connect Low Volatility Dividend ETF at 97.57% [2] - ETFs with lower institutional ownership include the Guangfa CSI Satellite Industry ETF and the Chuangjin Hexin CSI State-Owned Enterprise Dividend ETF, with ownership at 1.31% and 2.20% respectively [2]

Core Points - The Huaxia SSE 180 ETF is set to be listed on October 29, 2025, with a total of 228 million shares for trading [1] - As of October 22, 2025, the fund's asset allocation shows 80.04% in bank deposits and settlement reserves, while stock investments account for 19.95% [1] - In October, 11 stock ETFs have announced their listings, with an average position of only 34.70% [1] Fund Statistics - The average fundraising for newly announced ETFs in October is 486 million shares, with the largest being the GF Zhongzheng Satellite Industry ETF at 1.171 billion shares [2] - Institutional investors hold an average of 12.88% of the shares across these ETFs, with the highest being the Penghua Hong Kong Stock Connect Low Volatility Dividend ETF at 97.57% [2] - The table of recent ETF launches indicates various fund sizes and their respective asset allocations, with the Huaxia SSE 180 ETF having a 19.95% stock position as of October 22, 2025 [2]

Core Insights - Three stock ETFs have recently announced their listing, with varying stock positions: GF Zhongzheng Satellite Industry ETF at 33.38%, Qianhai Kaiyuan Zhongzheng Private Enterprise 300 ETF at 82.97%, and E Fund SSE 580 ETF at 11.61% [1] - A total of 10 stock ETFs have announced listings in October, with an average position of 36.18%. The highest position is held by Chuangjin Hexin Zhongzheng State-Owned Enterprise Dividend ETF at 98.80% [1] - ETF listings must meet the position requirements specified in the fund contract, and if the position is low, they will complete the building of positions before the official listing [1] Fund Statistics - The average number of shares raised for the ETFs listed in October is 5.12 million, with the largest being GF Zhongzheng Satellite Industry ETF at 11.71 million shares, followed by Huaan Guozheng Hong Kong Stock Connect Consumer Theme ETF at 6.39 million shares, and Fuguo SSE Sci-Tech Innovation Board 100 ETF at 5.56 million shares [2] - Institutional investors hold an average of 13.46% of the shares, with the highest proportions in Penghua Hong Kong Stock Connect Low Volatility Dividend ETF at 97.57%, Fuguo SSE Sci-Tech Innovation Board 100 ETF at 7.17%, and GF SSE Sci-Tech Innovation Board 200 ETF at 6.52% [2] - The ETFs with the lowest institutional investor holdings include GF Zhongzheng Satellite Industry ETF at 1.31%, Chuangjin Hexin Zhongzheng State-Owned Enterprise Dividend ETF at 2.20%, and Penghua Zhongzheng Financial Technology Theme ETF at 2.25% [2]

Core Insights - Three stock ETFs have recently published listing announcements, with the highest stock allocation being 98.80% for the CCB China State-Owned Enterprises Dividend ETF [1] - In the past month, 23 stock ETFs have announced listings, with an average allocation of only 23.07%, indicating varying levels of investment commitment among these funds [1] Group 1: ETF Stock Allocations - The CCB China State-Owned Enterprises Dividend ETF has the highest stock allocation at 98.80%, followed by the Huabao CSI All-Index Agriculture, Animal Husbandry, and Fishery ETF at 48.23%, and the Fortune Shanghai Stock Exchange Science and Technology Innovation Board 100 ETF at 38.23% [1] - The lowest allocations are seen in the Penghua CSI Financial Technology Theme ETF, the Dividend Low-Volatility ETF Yongying, and the Invesco Great Wall Hang Seng Stock Connect 50 ETF, all at 0.00% [1] Group 2: ETF Fundraising and Institutional Holdings - The average number of shares raised for newly announced ETFs in the past month is 5.48 million, with the largest being the Fortune National Robot Industry ETF at 23.44 million shares [2] - Institutional investors hold an average of 12.88% of the shares, with the highest proportions in the Guolian An CSI A500 Dividend Low-Volatility ETF at 98.93% and the Penghua Hong Kong Stock Connect Low-Volatility Dividend ETF at 97.57% [2] Group 3: ETF Listing Details - The listing details for several ETFs include the CCB China State-Owned Enterprises Dividend ETF, which has a fundraising scale of 4.45 billion and is set to list on October 17, 2025, with a stock allocation of 98.80% [2] - Other notable ETFs include the Fortune Shanghai Stock Exchange Science and Technology Innovation Board 100 ETF with a fundraising scale of 5.56 billion and a stock allocation of 38.23%, also listing on October 17, 2025 [2][3]

Core Insights - Two stock ETFs have recently announced their listing, with the latest positions showing that the GF Shanghai Stock Exchange Science and Technology Innovation Board 200 ETF has a stock position of 33.29% and the Guotai Shanghai Stock Exchange Science and Technology Innovation Board Artificial Intelligence ETF has a stock position of 25.82% [1] ETF Listings and Positions - In the past month, a total of 25 stock ETFs have announced their listings, with an average position of only 20.02%. The highest position is held by the CCB Shanghai Stock Exchange Science and Technology Innovation Board 200 ETF at 54.12% [1] - Other ETFs with significant positions include the Huabao CSI All-Share Agriculture, Animal Husbandry, and Fishery ETF at 48.23%, the Huabao Hong Kong Stock Connect Hang Seng China (Hong Kong-listed) 30 ETF at 33.83%, and the E Fund CSI A500 Enhanced Strategy ETF at 33.31% [1] - Conversely, the Penghua CSI Financial Technology Theme ETF, the Dividend Low Volatility ETF Yongying, and the Invesco Hang Seng Hong Kong Stock Connect 50 ETF have positions of 0.00% [1] Fundraising and Shareholder Structure - The average fundraising for the newly announced ETFs in the past month is 543 million shares, with the largest being the Fuguo National Index Robotics Industry ETF at 2.344 billion shares, followed by the Guolian An CSI A500 Dividend Low Volatility ETF at 1.247 billion shares and the Huaan Hang Seng Biotechnology ETF at 918 million shares [1] - Institutional investors hold an average of 9.65% of the shares, with the highest proportions in the Guolian An CSI A500 Dividend Low Volatility ETF (98.93%), CCB Shanghai Stock Exchange Science and Technology Innovation Board 200 ETF (32.48%), and Guotai CSI Hong Kong Stock Connect Automotive Industry Theme ETF (12.45%) [2]

Group 1 - The technology sector has been a significant driver of market performance this year, influenced by factors such as deepening self-reliance narratives, tariff battles promoting domestic substitution, and ongoing technological innovation policies [1] - The Sci-Tech Innovation Board indices, including the Sci-Tech 50, 100, and 200, have shown impressive growth, with year-to-date increases of 32.11%, 45.17%, and 50.30% respectively, outperforming major A-share indices [1] - The Sci-Tech 200 index, which consists of 200 smaller, liquid stocks from the Sci-Tech Board, has demonstrated a remarkable increase of nearly 127% since last year's "9.24" market rally, highlighting its high elasticity and sharp characteristics [1] Group 2 - The underlying growth potential of the Sci-Tech 200 index is supported by strong R&D expenditures, with over 40% of its constituent stocks recognized as "specialized, refined, and innovative" enterprises [2] - Forecasted net profit growth rates for the Sci-Tech 200 index are significantly higher than those of the Sci-Tech 50 and 100 indices, with expected growth rates of 380.07% and 70.92% for 2025 and 2026 respectively [2] - The median R&D expense ratio for the Sci-Tech 200 index is 12.62%, indicating a solid foundation for future development through sustained high R&D investment [2] Group 3 - Public funds are actively positioning themselves around the Sci-Tech 200 index to capitalize on technology innovation investment opportunities, with new funds like the GF Sci-Tech 200 ETF recently approved [3] - Since 2019, GF Fund has managed nine products related to the Sci-Tech Board, tracking various indices including the Sci-Tech 50, 100, and others focused on growth and artificial intelligence [3]

Group 1 - The technology sector has been a significant driver of market performance this year, influenced by factors such as deepening self-reliance narratives, tariff battles promoting domestic substitution, and ongoing technological innovation policies [1] - The Sci-Tech Innovation Board indices, including the Sci-Tech 50, 100, and 200, have shown substantial growth, with year-to-date increases of 32.11%, 45.17%, and 50.30% respectively, outperforming major A-share indices [1] - The Sci-Tech 200 index, composed of 200 smaller, liquid stocks from the Sci-Tech Board, has demonstrated a remarkable increase of nearly 127% since last year's "9.24" market event, highlighting its high elasticity and sharp characteristics [1] Group 2 - The Sci-Tech 200 index is heavily weighted towards new economy and strategic emerging industries, with over 90% of its composition reflecting these sectors [1] - The top five industries within the Sci-Tech 200 index by weight are semiconductors (22.07%), chemical pharmaceuticals (8.02%), medical devices (7.57%), automation equipment (6.16%), and communication equipment (5.73%), collectively accounting for 49.55% of the index [1] - The index's constituent stocks are characterized by strong growth potential and high R&D expenditure, with over 40% classified as "specialized, refined, distinctive, and innovative" enterprises [2] Group 3 - The expected net profit growth rates for the Sci-Tech 200 index are significantly higher than those of the Sci-Tech 50 and 100 indices, with projected growth rates of 380.07% and 70.92% for 2025 and 2026 respectively [2] - The median R&D expense as a percentage of revenue for the Sci-Tech 200 index is 12.62%, indicating a strong commitment to innovation and future growth [2] - Recent market fluctuations in the technology sector have led to increased scrutiny, but upcoming policy developments, such as the "14th Five-Year Plan" focusing on "new quality productivity," are expected to support the sector's mid-term outlook [2] Group 4 - Public funds are actively positioning themselves around the Sci-Tech 200 index to capitalize on innovation investment opportunities, with new funds like the GF Sci-Tech 200 ETF recently approved [3] - Since 2019, GF Fund has managed multiple products related to the Sci-Tech Board, currently offering nine funds tracking various Sci-Tech indices [3]