风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供参 考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构成 投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产品 要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 （文章来源：每日经济新闻） 科创创业ETF国泰（588360）跟踪的是科创创业50指数（931643），单日涨跌幅限制达20%，该指数从 科创板和创业板中选取市值较大、流动性较好的50只证券作为指数样本，以反映科技创新相关上市公司 证券的整体表现。该指数覆盖了信息技术、医药卫生、新能源等多个高新技术领域，具有明显的创新成 长特征。 2月6日，科创创业ETF国泰（588360）回调0.3%，市场关注长期盈利趋势。 国金证券指出，对于前沿硬科技代表的科创指数而言，其续亏个股占比较高的重要原因来自于研发投入 依然高企。该板块更重要的信息来自于业绩变动原因上，订单与业务商业化进展的重要性高于盈利，部 分个股已经逐渐展现出盈利的潜力。在科技产业周期方面，电子、通信的预喜率与2 ...

1月27日，科创创业ETF（588360）收涨超0.6%，科技创新与内需扩张的双轮驱动强化。 中信建投指出，科技创新与内需扩张的双轮驱动正在强化，政策端持续发力催生结构性投资机遇。战略 层面需紧扣"十五五"规划方向，包括新兴产业（新能源、新材料、低空经济、航空航天）和未来产业 （量子科技、脑机接口、具身智能）。市场方面，科创、中小盘领先，科技创新主线表现活跃。投资策 略上，建议坚持"科技创新+红利资产"哑铃型配置，以把握结构性机遇。 （文章来源：每日经济新闻） 科创创业ETF（588360）跟踪的是科创创业50指数（931643），单日涨跌幅限制达20%，该指数从科创 板与创业板中选取市值较大、科技属性显著的50只新兴产业上市公司证券，重点覆盖电子、电力设备、 通信、医药生物等行业，以反映这些市场中代表性新兴产业公司的整体表现。 ...

相关机构表示，当前市场运行面临多重因素的博弈与对冲：一方面，中高估值水位、监管降温信号及海 外地缘风险共同抑制市场过热倾向；另一方面，科技创新与内需扩张的双轮驱动正在强化，政策端持续 发力催生结构性投资机遇。战略层面应紧扣"十五五"规划方向，重点布局包括新兴产业（新能源、新材 料、低空经济、航空航天）和未来产业（量子科技、脑机接口、具身智能）在内的科技创新领域。投资 策略上，坚持"科技创新+红利资产"的哑铃型配置，并以ETF工具平滑曲线、优化风险收益比。 （文章来源：每日经济新闻） 科创创业ETF（588360）跟踪的是科创创业50指数（931643），单日涨跌幅限制达20%，该指数从科创 板与创业板中选取市值较大、科技属性显著的50只新兴产业上市公司证券，重点覆盖电子、电力设备、 通信、医药生物等行业，以反映这些市场中代表性新兴产业公司的整体表现。 ...

东方证券指出，科创企业在资本开支周期下处于强景气周期。国内流动性整体充裕，资金向高景气赛道 集中，结构性机会居多。 中银国际指出，作为"十五五"开局之年，科技自立自强与先进制造有望成为核心主线。科技领域需转向 体系化配置，覆盖关键核心技术、高端制造等多方向；先进制造向多层次体系升级，布局未来产业。 1月20日，科创创业ETF（588360）回调超2.5%，科创板块结构性机会显著，回调或可布局。 科创创业ETF（588360）跟踪的是科创创业50指数（931643），单日涨跌幅限制达20%，该指数从科创 板和创业板中选取市值较大、流动性较好的50只上市公司证券作为指数样本，以反映市场中科技创新相 关上市公司证券的整体表现。指数样本覆盖了信息技术、医药卫生等多个行业，旨在突出企业的创新能 力和成长潜力。 （文章来源：每日经济新闻） ...

Core Viewpoint - The establishment of the Sci-Tech Innovation Growth Layer and the implementation of the fifth set of rules for the Sci-Tech Innovation Board are expected to accelerate the listing and financing process for high-quality, unprofitable sci-tech enterprises, improving liquidity through increased foreign participation and innovative product launches [1] Group 1 - The continuous entry of long-term value investment funds, such as social security and insurance funds, is anticipated to further optimize the market ecology of the Sci-Tech Innovation Board, establishing a positive development trend for the sector [1] - The Sci-Tech Innovation and Entrepreneurship ETF (588360) tracks the Sci-Tech Innovation and Entrepreneurship 50 Index (931643), which has a daily price fluctuation limit of 20% [1] - The index selects 50 securities with larger market capitalization and better liquidity from the Sci-Tech Innovation Board and the Growth Enterprise Market to reflect the overall performance of technology innovation enterprises [1] Group 2 - The index covers multiple high-tech industry sectors, including new generation information technology, biomedicine, and new materials, showcasing significant growth and innovation characteristics [1]

Group 1 - The core viewpoint of the article highlights that the recent decline of over 1.6% in the Sci-Tech Innovation and Entrepreneurship ETF (588360) may be countered by policy support aimed at improving liquidity in the sector [1] - Since 2025, regulatory authorities have provided more financing policy support for technology growth enterprises, including lowering listing thresholds and accelerating approval processes, which has significantly increased the scale of IPOs and private placements [1] - The establishment of the Sci-Tech Growth Layer and the implementation of the fifth set of rules for the Sci-Tech Board are expected to accelerate the listing and financing process for high-quality, unprofitable tech companies, thereby enhancing liquidity in the Sci-Tech Board [1] Group 2 - The Sci-Tech Innovation and Entrepreneurship ETF (588360) tracks the Sci-Tech Innovation 50 Index (931643), which includes 50 securities selected from the Sci-Tech Board and the Growth Enterprise Market based on market capitalization and liquidity [1] - This index reflects the overall performance of technology innovation enterprises and covers various high-tech industries, including new-generation information technology, biomedicine, and new materials, showcasing significant growth and innovation characteristics [1] - The continuous entry of long-term value investment funds, such as social security and insurance funds, is expected to further optimize the market ecology of the Sci-Tech Board and establish a positive development trend for the sector [1]

Group 1 - The core viewpoint of the article emphasizes a more precise and pragmatic policy direction for 2026, focusing on technological innovation and the establishment of international technology innovation centers in Beijing, Shanghai, and the Guangdong-Hong Kong-Macau Greater Bay Area [1] - The article highlights the deepening and expansion of "Artificial Intelligence +" and the improvement of AI governance, indicating that the discourse around AI will increasingly focus on regulation, which is expected to lead to more standardized guidance in this field [1] - The meeting proposed to "deeply implement special actions to boost consumption" and optimize the implementation of "two new" policies, with a continued emphasis on expanding domestic demand and stimulating private investment [1] Group 2 - The Science and Technology Innovation and Entrepreneurship ETF (588360) tracks the Science and Technology Innovation and Entrepreneurship 50 Index (931643), which saw a daily fluctuation of 20%, selecting 50 emerging industry stocks with large market capitalization and good liquidity from the Sci-Tech Board and the ChiNext [1] - The index focuses on hard technology and mature innovative enterprises, reflecting the technological barriers and growth performance of China's frontier industries, with a significant outperformance in the third quarter, exceeding 65%, compared to the Sci-Tech 50 (49.02%) and ChiNext 50 (59.45%) [1]

Core Viewpoint - The core task of capital market reform is to reshape the three main functions of the market to serve the country's three major strategies, focusing on enhancing inclusivity for unprofitable companies and those with differential voting rights, while optimizing the identification mechanism for innovative enterprises [1] Group 1: Capital Market Reform - The capital market needs to improve its inclusivity for unprofitable companies and those with differential voting rights [1] - There is a need to optimize the identification mechanism for technology innovation enterprises and create a green channel for IPOs for "hard tech" companies [1] - The role of the Sci-Tech Innovation Board as a "testing ground" should be promoted, along with the reform of the Growth Enterprise Market [1] Group 2: Support for Emerging Industries - More potential technology innovation enterprises should be encouraged to enter the capital market, with optimized listing standards and increased inclusivity for new business models [1] - The Beijing Stock Exchange is exploring listing cases in the cultural consumption sector [1] - The development of regional equity markets should be strengthened, and the transfer channels for "specialized, refined, and innovative" enterprises should be improved to create a tiered financing path [1] Group 3: International Competitiveness - There is a need to accelerate institutional opening-up and optimize support policies for overseas listings [1] - The trading mechanisms should be improved to compete for global asset pricing power [1] Group 4: ETF Performance - The Sci-Tech Innovation and Entrepreneurship ETF (588360) tracks the Sci-Tech Innovation and Entrepreneurship 50 Index (931643), which saw a daily fluctuation of 20% [1] - The index selects 50 emerging industry stocks with large market capitalization and excellent liquidity from the Sci-Tech Innovation Board and the Growth Enterprise Market, covering core technology fields such as new energy and biomedicine [1] - The index adopts a balanced industry allocation strategy, focusing on information technology, industrial manufacturing, and healthcare sectors, reflecting the overall market performance of leading enterprises in China's strategic emerging industries [1]

Group 1 - The core viewpoint of the article emphasizes that developing new productive forces is a significant policy direction for the domestic economy, with a focus on technology and innovation companies expected to achieve excess returns under a backdrop of liquidity easing [1] - From January to October, profits in high-tech manufacturing above designated size increased by 8.0% year-on-year, surpassing the average growth rate of all industrial sectors by 6.1 percentage points [1] - The smart electronics manufacturing sector is performing well, with profits in the smart unmanned aerial vehicle manufacturing and smart vehicle-mounted equipment manufacturing industries growing by 116.1% and 114.9%, respectively [1] Group 2 - The semiconductor manufacturing sector is experiencing rapid profit growth, with integrated circuit manufacturing, electronic special materials manufacturing, and semiconductor discrete device manufacturing seeing profit increases of 89.2%, 86.0%, and 17.4%, respectively [1] - The precision instrument manufacturing sector is also showing high-quality development, with profits in optical instrument manufacturing and specialized instrument and meter manufacturing increasing by 38.2% and 14.1%, respectively [1] - The equipment manufacturing industry is witnessing rapid profit growth, particularly in the railway, shipbuilding, aerospace, and electronics sectors, which achieved double-digit profit growth rates of 32.0% and 12.8% [1] Group 3 - The Science and Innovation Entrepreneurship ETF (588360) tracks the Science and Innovation Entrepreneurship 50 Index (931643), which saw a daily fluctuation of 20%, and selects 50 innovative companies with larger market capitalizations and better liquidity from the Science and Technology Innovation Board and the Growth Enterprise Market [1] - This index covers high-growth sectors such as information technology, healthcare, and new energy, aiming to reflect the overall market performance of listed companies in the technology innovation field [1]

Group 1 - The core viewpoint emphasizes that developing new productive forces is a significant policy direction for the domestic economy, with a focus on technology and innovation companies potentially yielding excess returns under a backdrop of liquidity easing [1] - From January to October, profits in high-tech manufacturing above designated size increased by 8.0% year-on-year, surpassing the average growth of all industrial sectors by 6.1 percentage points [1] - The smart electronics manufacturing sector showed positive growth, with profits in the smart unmanned aerial vehicle manufacturing and smart vehicle-mounted equipment manufacturing industries increasing by 116.1% and 114.9%, respectively [1] Group 2 - The semiconductor manufacturing sector experienced rapid profit growth, with integrated circuit manufacturing, electronic special materials manufacturing, and semiconductor discrete device manufacturing seeing profit increases of 89.2%, 86.0%, and 17.4%, respectively [1] - The precision instrument manufacturing sector demonstrated high-quality development, with profits in optical instrument manufacturing and specialized instruments and meters manufacturing rising by 38.2% and 14.1%, respectively [1] - The Science and Innovation Entrepreneurship ETF (588360) tracks the Science and Innovation Entrepreneurship 50 Index (931643), which had a daily fluctuation of 20%, reflecting the overall performance of emerging industry listed companies in sectors like semiconductors, new energy, and biomedicine [1]