中信证券表示，对A股而言，稳健回报导向的绝对收益资金持续入市在增强市场的内在稳定性，在 增量资金越来越多的以左侧稳健型资金为主的资金生态下，A股/港股未来可能更多地像美股一样出 现"急跌慢涨"。对需要增配权益的投资者而言，当下风险的提前释放给了年末重新增配A股/港股、布局 2026年的契机。 天风证券指出，A股盈利周期底部拐点或已迈，25Q3盈利指标回升概率较大，A股盈利底渐明，展 望2026，基本面角度盈利复苏弹性或更值得关注。25年中报以来，A股盈利指标逐渐底部企稳，三季度 全A两非EPS同比降幅收窄，ROE的企稳反弹迹象也较为明确，盈利能力角度关键指标正蓄势向上。随 着"反内卷"、提升内需等政策在供需两端的发力，A股盈利周期有望更进一步，从稳预期走向扩弹性， 从估值修复到基本面驱动的攻坚牛。 11月26日，A股光模块、消费电子、服务器等概念持续走强。受权重板块带动，截止13点37分， A500ETF基金（512050）上涨0.88%，成交额超46亿元，居可比基金第一。盘面上，持仓股中际旭创、 迈为股份、沪电股份、新易盛、天孚通信等领涨。资金加速布局A股核心资产，近10日，A500ETF基金 （51205 ...

Group 1 - The A-shares market experienced a decline on November 17, with the A500 ETF (512050) dropping by 0.60% and a trading volume exceeding 3.5 billion yuan, ranking first among its peers [1] - Key sectors showing strong performance included lithium mining, cross-strait integration, aquaculture, lithium extraction from salt lakes, and operating systems, with stocks like Rongbai Technology, 360, and Yahua Group hitting the daily limit [1] Group 2 - The A500 ETF (512050) saw a net inflow of over 2.8 billion yuan in the past 20 days, indicating strong investor interest in core assets [2] - Long-term funds such as public funds, insurance funds, and pension funds are increasingly entering the capital market, contributing to market stability and healthy development [2] - As of the end of Q3 this year, actively managed equity funds held a market value of 2.99 trillion yuan in A-shares, with stock positions rising to 85.62%, the highest level since 2005 [2] Group 3 - The A500 ETF (512050) offers investors a convenient way to invest in core A-share assets, benefiting from low fees (only 0.2%), good liquidity (average daily trading volume over 5 billion yuan), and a large scale (over 19 billion yuan) [3] - The ETF tracks the CSI A500 Index and employs a dual strategy of industry balanced allocation and leading stock selection, covering all 35 sub-industries and integrating value and growth attributes [3] - Compared to the CSI 300, the A500 ETF is overweight in sectors such as AI industry chain, pharmaceutical biology, and electric equipment in new energy, providing a natural "barbell" investment strategy [3]

Group 1 - The A-share market saw a strong rebound in sectors such as lithium batteries, lithium mining, power batteries, and photovoltaics, driven by heavyweight sectors, with the A500 ETF fund rising by 0.94% and trading volume exceeding 2.3 billion yuan [1] - The Chinese Photovoltaic Industry Association refuted false rumors affecting the new energy sector, emphasizing the need for careful decision-making and commitment to defending national and industry interests against malicious actions [1] - CICC forecasts a more balanced market style in A-shares by 2026, driven by a three-year capacity reduction cycle and policies promoting "anti-involution," leading to a closer supply-demand balance in cyclical industries [1] Group 2 - The new generation core A500 ETF fund (512050) and A500 enhanced ETF fund (512370) assist investors in strategically allocating to core A-share assets, capitalizing on valuation uplift [2] - The ETF tracks the CSI A500 Index, employing a dual strategy of industry balanced allocation and leading stock selection, covering all 35 sub-industries and integrating value and growth attributes [2] - Compared to the CSI 300, the A500 ETF is overweight in new productivity sectors such as AI, pharmaceuticals, electric equipment, new energy, and national defense, showcasing a natural barbell investment strategy [2]

Group 1 - The Shanghai Composite Index opened high and rose again, surpassing 4000 points, with sectors like phosphorus chemicals, optical modules, industrial metals, and optical chips leading the gains [1] - As of 13:18, the A500 ETF (512050) increased by 1.29%, with a trading volume exceeding 4.3 billion yuan, ranking first among its peers [1] - Year-to-date, the A500 ETF has achieved a cumulative increase of over 24%, outperforming the CSI 300 Index by more than 5 percentage points [1] - In the past 10 days, the ETF has seen a net inflow of over 2.4 billion yuan [1] Group 2 - The new generation core A500 ETF (512050) and A500 Enhanced ETF (512370) assist investors in easily allocating to core A-share assets [2] - The ETF tracks the CSI A500 Index, employing a dual strategy of industry balanced allocation and leading stock selection, covering all 35 sub-sectors [2] - Compared to the CSI 300, the ETF is overweight in new productivity sectors such as AI industry chain, pharmaceutical biology, electric equipment, new energy, and national defense [2]

Group 1 - The A-share market showed slight gains, with the Shanghai Composite Index up 0.52%, the Shenzhen Component Index up 0.8%, and the ChiNext Index up 1.6% as of 14:00 on October 20 [1] - The A500 ETF fund (512050), which tracks the CSI A500 Index, increased by 0.44%, with a trading volume exceeding 3.7 billion yuan, ranking first among its peers [1] - Key stocks leading the gains included Silan Microelectronics, Siyuan Electric, Sanhua Intelligent Control, Zhongji Xuchuang, and Tianfu Communication [1] Group 2 - The National Bureau of Statistics reported that China's GDP for the first three quarters of 2025 reached 10,150.36 billion yuan, reflecting a year-on-year growth of 5.2%, which is an acceleration of 0.2 and 0.4 percentage points compared to the full year and the same period in 2024, respectively [1] - The report indicates that the economic operation is stable and progressing, providing a foundation and support for achieving the annual expected targets [1] Group 3 - The new generation core A500 ETF fund (512050) and A500 Enhanced ETF fund (512370) assist investors in easily allocating to core A-share assets [3] - The ETF tracks the CSI A500 Index, employing a dual strategy of industry balanced allocation and leading stock selection, covering all 35 sub-industries, and integrating value and growth attributes [3] - Compared to the CSI 300, the fund is overweight in new productivity sectors such as the AI industry chain, pharmaceutical biology, electric equipment, new energy, and national defense, providing a natural barbell investment characteristic [3]

Group 1 - The A-share market has shown significant growth over the past year, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index increasing by 39.03%, 62.31%, and 103.50% respectively from September 24, 2024, to September 23, 2025 [2] - As of September 23, 2025, the total market capitalization of A-shares reached 113.71 trillion yuan, reflecting an increase of over 38 trillion yuan in the past year [2] - The A500 ETF (512050) has gained popularity, with a trading volume exceeding 4.2 billion yuan, and it has been instrumental in helping investors access core A-share assets [1][2] Group 2 - The "9·24" policy introduced a comprehensive set of measures aimed at revitalizing the A-share market, which marked a turning point after three years of decline [1] - The A500 ETF tracks the CSI A500 Index, employing a dual strategy of industry balanced allocation and leading stock selection, covering all 35 sub-industries [2] - The ETF has a natural "barbell" investment characteristic, with a focus on sectors such as AI, pharmaceuticals, and renewable energy, providing a blend of value and growth attributes [2]

Group 1 - The A-shares market showed a decline in major indices, with the A500 ETF (512050) experiencing a drop of 0.38% and a trading volume exceeding 4.9 billion yuan, leading among similar products [1] - The State Council's recent meeting emphasized enhancing macro policy effectiveness, stabilizing market expectations, and promoting domestic consumption and investment [1] - International institutions, such as Credit Suisse, maintain a positive outlook on the Chinese stock market, citing improved profitability and shareholder returns as key supporting factors [1] Group 2 - The A500 ETF (512050) is designed to help investors easily access core A-share assets, tracking the CSI A500 Index with a balanced industry allocation and a focus on leading companies [2] - The ETF covers all 35 sub-industries, integrating value and growth attributes, and is overweight in sectors like AI, pharmaceuticals, and renewable energy compared to the CSI 300 [2]