（来源：中信建投财富管理） 今年以来，A股主要指数表现亮眼，各主要宽基指数出现不同程度上涨，这反映市场风险偏好的提升和结构性机会的活跃。宏观政策面上，"十五五"规划 将科技自立自强置于前列，为科技成长行业提供了坚实的政策支持和发展预期，成长风格有望成为市场主线，当前或是布局长期成长弹性标的的较好时 机。 创业板作为中国资本市场的重要组成部分，近年来逐步发展成为服务成长型创新创业企业的重要平台，支持传统产业与新技术、新产业、新模式深度融 合，其中战略性新兴产业公司占比超较高，指数具有高弹性、高波动的特征，是投资者进行资产配置的重要选项之一。 指数基本情况介绍 指数名称：创业板综合指数 指数代码：399102.SZ 指数简介：创业板综指覆盖创业板全部1300多家上市公司，总市值覆盖率高达98%，新股上市后第11个交易日进入指数,提供对整个创业板市场最全面、 最均衡的代表。 指数基点：1000点 指数基日：2010/5/31 发布日期：2010/08/20 | | 创业板综合指数 | 创业板 | 覆盖率 | | --- | --- | --- | --- | | 个股数 | 1344只 | 1389只 | 96.7 ...

Core Viewpoint - The A-share technology sector continues to experience fluctuations and upward trends, with the CSI TMT Index showing a growth of 36.95% since 2025, leading to concerns about high valuations among investors [2] Group 1: Investment Opportunities - The ChiNext Composite Index is highlighted as a noteworthy investment target, currently having a PE (TTM) of 66.07 times, which is below the average of approximately 72 times over the past decade, indicating a relatively reasonable valuation [2] - The ChiNext Composite Index consists of 1,344 stocks with a total market capitalization of 17.17 trillion yuan, representing 97% and 99% of the ChiNext market, respectively [3] Group 2: Industry Distribution - The ChiNext Composite Index has a high technological content, with leading sectors including power equipment (23.4%), electronics (13.7%), pharmaceuticals and biology (10.5%), and communications (10.0%), covering 28 first-level industries [7][10] Group 3: Financial Performance - The index's constituent stocks have shown continuous improvement in fundamentals, with a year-on-year growth rate of 8.97% in operating revenue and 16.84% in net profit attributable to shareholders in Q3 2025, significantly outperforming the broader market [12][14] - R&D expenses for the index's constituent companies reached 145.84 billion yuan in Q3 2025, indicating strong potential for innovation and long-term growth [14] Group 4: Policy Support - Continuous favorable policies for the ChiNext market have been implemented, including the recent announcement by the CSRC to deepen reforms, which aims to provide more precise and inclusive financial services for emerging industries [16][17] Group 5: Long-term Returns - Since its base date of May 31, 2010, the ChiNext Composite Index has accumulated a rise of 281.44%, significantly outperforming the Shanghai Composite Index and Shenzhen Component Index, which rose 48.35% and 24.63%, respectively [19] Group 6: Investment Products - Investors interested in the ChiNext's overall development and seeking excess returns may consider the newly issued CCB ChiNext Composite Enhanced Strategy ETF, which aims to track the index closely while employing various strategies for enhanced investment [22] - The fund will be managed by Liu Minghui, who has a strong background in quantitative investment and has consistently outperformed benchmarks in previous funds [22][24]

（文章来源：证券时报网） 该基金的业绩比较基准为：创业板综合指数收益率。（数据宝） 建信创业板综合增强策略ETF（159293）将于2025年12月8日至2025年12月23日进行发售，首次募集规 模上限为20亿元，该基金的场内简称为创业板综增强ETF建信，基金管理人为建信基金，由刘明辉担任 该基金的基金经理。 ...