Group 1 - The Shanghai Composite Index reached a 10-year high on August 18, with the National Index of Free Cash Flow experiencing slight adjustments, while constituent stocks showed mixed performance, with Lingyun Co. hitting the daily limit up and Weichai Heavy Machinery and Huanyu Electronics leading the gains [1] - The largest free cash flow ETF (159201) followed the index's slight adjustments, with trading volume exceeding 250 million yuan, indicating active trading and frequent premium transactions [1] - Huaxi Securities believes that the A-share market still has ample space and opportunities in the medium term, citing factors such as increased global trade uncertainties and the strong resilience of the Chinese economy gaining international recognition [1] Group 2 - The free cash flow ETF (159201) and its linked funds closely track the National Index of Free Cash Flow, addressing the shortcomings of traditional dividend strategies by focusing on internal growth capabilities and emphasizing financial health and sustainability [2] - The fund management fee is set at an annual rate of 0.15%, and the custody fee at 0.05%, both of which are among the lowest in the market, maximizing benefits for investors [2]