Market Performance - The CSI A50 index decreased by 2.2%, the CSI A100 index fell by 2.4%, and the CSI A500 index dropped by 3.3% this week [1][3] - The recent pullback is attributed to previous overvaluation in growth stocks, sudden changes in the external environment, and increased risk aversion [1] Index Composition - The CSI A500 index consists of 500 securities with large market capitalization and good liquidity, covering 91 out of 93 sub-industries [4] - The CSI A100 index includes 100 representative securities with large market capitalization and good liquidity, covering 46 sub-industries [4] - The CSI A50 index is made up of the 50 largest stocks from leading companies across 50 sub-industries, highlighting a large-cap style [4] Valuation Metrics - The rolling price-to-earnings (P/E) ratios are 16.9x for the CSI A500, 16.7x for the CSI A100, and 18.4x for the CSI A50 [3] - The rolling P/E ratio percentiles indicate that the CSI A500 is at the 73.8th percentile, the CSI A100 at the 82.9th percentile, and the CSI A50's percentile data is not yet available [3][5] Historical Performance - Year-to-date performance shows a cumulative increase of 17.0% for both the CSI A500 and A100, while the CSI A50 has increased by 12.5% [7] - Over the past year, the CSI A500 has risen by 17.7%, the CSI A100 by 16.4%, and the CSI A50 by 12.0% [7] - Since their respective base dates, the CSI A500 has increased by 439.3%, the CSI A100 by 335.7%, and the CSI A50 by 76.4% [7]

Market Overview - The market experienced fluctuations today, with the CSI A500 index slightly declining. The A500 ETF from E Fund (159361) saw a trading volume exceeding 3 billion yuan and a net subscription of nearly 200 million shares [1] - Over the week, the CSI A50 index increased by 0.5%, while the CSI A500 index rose by 0.02%, and the CSI A100 index fell by 0.05% [1] Index Performance - The weekly performance of the indices is as follows: CSI A500 index at 0.02%, CSI A100 index at -0.05%, and CSI A50 index at 0.5% [3] - The rolling price-to-earnings (P/E) ratios are: CSI A500 at 16.5x, CSI A100 at 16.2x, and CSI A50 at 17.9x [3] - The historical performance over the past month shows the CSI A500 index increased by 7.1%, the CSI A100 by 7.7%, and the CSI A50 by 6.6% [5] Long-term Trends - Year-to-date performance indicates the CSI A500 index has risen by 17.9%, the CSI A100 by 16.1%, and the CSI A50 by 12.0% [6] - Over the past year, the CSI A500 index has increased by 46.2%, the CSI A100 by 40.3%, and the CSI A50 by 36.2% [6] - Since their base dates, the CSI A500 index has risen by 443.3%, the CSI A100 by 332.5%, and the CSI A50 by 75.6% [6] Future Outlook - China Galaxy Securities expresses optimism regarding domestic incremental capital, suggesting that both domestic and international liquidity is likely to remain favorable, leading to a probable continuation of a fluctuating upward trend in A-shares [1]