Core Viewpoint - The recent surge in the ChiNext Composite Index, driven by sectors like photovoltaic and optical modules, highlights its significant elasticity and potential for investment opportunities [1][2]. Group 1: Index Performance and Changes - As of July 11, the ChiNext Composite Index has increased by 47.20% over the past year, outperforming other major indices in the A-share market [1]. - The Shenzhen Stock Exchange announced revisions to the index compilation method, introducing mechanisms for monthly removal of risk-warning stocks and negative ESG-rated stocks [1][2]. - The revised index now includes 1,316 sample stocks, covering 95% of ChiNext-listed companies, with a total market capitalization coverage of 98% [2]. Group 2: Investment Opportunities - The ChiNext Composite Index has shown a cumulative increase of 197.49% since its inception, significantly outperforming the ChiNext Index's 113.51% increase during the same period [3]. - Investment funds tracking the ChiNext Composite Index, such as the Invesco Great Wall ChiNext Composite Index Enhanced Fund, have demonstrated substantial excess returns, with a net value growth rate of 68.33% since its establishment [3]. - The AI industry trend is expected to support the performance of the ChiNext Composite Index, alongside anticipated regulatory reforms aimed at fostering innovation and growth for enterprises [3].