数据显示，截至2025年11月28日，中证A500指数前十大权重股分别为宁德时代、贵州茅台、中国平 安、招商银行、紫金矿业、中际旭创、美的集团、兴业银行、新易盛、长江电力，前十大权重股合计占 比20.04%。 A500ETF嘉实(159351)紧密跟踪中证A500指数，均衡布局各行业优质核心资产。 2025年12月8日三大指数小幅上扬，截至10:20，中证A500指数上涨0.80%，成分股天孚通信上涨 17.98%，迈为股份上涨17.39%，罗博特科上涨11.97%，航天发展上涨8.99%，航天电子上涨8.83%。 消息方面，相关机构表示，短期受海外股市风险偏好波动影响，市场波动较大，长期牛市趋势不改。基 本面维度，2025年三季度全A盈利改善，尤其科技板块业绩亮眼，反映产业趋势仍在延续。在"反内 卷"坚定推动下，物价水平也有望持续回升；资金面维度，当前A股资金仍处于流入状态，对估值形成 支撑。 华创证券指出，中证A500行业配置聚焦四大方向：1）科创领域：康波周期下的科技博弈有望继续打开 估值上限，重视端侧稳健增长及ToB商业化落地，光学元件、PCB、集成电路等细分领域值得关注； 2）顺周期板块：再通胀交易 ...

Core Viewpoint - The Chinese equity market is expected to perform well due to multiple supporting factors, with a tactical overweight view on A/H shares maintained by Guotai Junan Securities [1] Group 1: Market Performance - On November 25, 2025, the three major A-share indices opened higher, with the CSI A500 index rising by 1.10% [1] - Key stocks such as Huadian Co., Ltd. and Shenzhen South Circuit rose significantly, with Huadian hitting the daily limit and others like Shenghong Technology and Fuhua also seeing substantial gains [1] Group 2: Investment Outlook - Guotai Junan Securities highlights that the recent volatility and panic selling have released micro trading risks, creating a favorable environment for the market to establish new expectations as the 14th Five-Year Plan begins [1] - The firm believes that the regulatory authorities are determined to stabilize the capital market, and factors that previously caused valuation discounts have dissipated, indicating a potential upward trend in valuations [1] Group 3: Index Composition - As of October 31, 2025, the top ten weighted stocks in the CSI A500 index include major companies like CATL, Kweichow Moutai, and China Ping An, accounting for a total of 19.36% of the index [1] Group 4: Investment Products - Investors without stock accounts can access the A500 ETF through the A500 ETF Jiashi linked fund, allowing for a one-click investment in the top 500 A-share companies [2]

Group 1 - A-shares opened higher on November 24, 2025, with active sectors including 6G, optical communication, AI applications, BC batteries, and computing hardware [1] - The A500 index fell by 0.09% as component stocks showed mixed performance, with GAC Group hitting the 10% limit up, Zhangjiang Hi-Tech rising by 7.30%, and Guangqi Technology increasing by 4.94% [1] - Recent adjustments in the A-share technology sector were influenced by high volatility in the US AI sector and discussions around an "AI bubble," leading to downward pressure on major indices [1] Group 2 - According to Huatai Securities, recent market fluctuations are attributed to external disturbances, with the current market adjustment showing initial signs of support around the mid-September market center [1] - The top ten weighted stocks in the CSI A500 index include CATL, Kweichow Moutai, China Ping An, and others, accounting for 19.36% of the index [2] - A500 ETF by Harvest closely tracks the CSI A500 index, providing balanced exposure to quality core assets across various industries [2]

Core Insights - The A500 index has shown a positive trend with a 0.55% increase, driven by significant gains in constituent stocks such as Western Superconducting (up 11.37%) and Sanhua Group (up 10.99%) [1][3] - The A500 ETF managed by Harvest has seen a trading turnover of 2.42% and a total transaction volume of 283 million yuan, with its latest scale reaching 11.67 billion yuan [3] - The A500 ETF has achieved a net value increase of 22.78% over the past year, with notable monthly returns and a consistent upward trend [3][4] Market Trends - Analysts are optimistic about the technology growth sector leading the market in the fourth quarter, focusing on "hard technology" areas such as semiconductors, AI computing power, and high-end equipment [4] - There is a recommendation to pay attention to sectors benefiting from policy support and domestic demand recovery, particularly those with historically low valuations [4] - Defensive sectors with high dividends and low valuations, such as banking and utilities, are also highlighted as providing stable cash flow and potential for valuation recovery [4] Key Stocks - The top ten weighted stocks in the A500 index include Ningde Times, Kweichow Moutai, and China Ping An, collectively accounting for 19% of the index [4][6] - Notable stock performances include Ningde Times with a 2.19% increase and China Ping An with a 2.20% increase, while Kweichow Moutai experienced a slight decline of 0.33% [6]

Group 1 - A500ETF Jia Shi has a trading turnover of 5.09% and a transaction volume of 5.94 billion yuan, with an average daily transaction of 23.17 billion yuan over the past year, as of October 27 [3] - The latest scale of A500ETF Jia Shi reached 11.708 billion yuan, with a net value increase of 23.94% over the past year [3] - The highest monthly return since inception was 11.71%, with the longest consecutive monthly increase being 5 months and a maximum increase of 28.61%, averaging a monthly return of 4.15% [3] - The annualized excess return over the benchmark for the past 6 months is 5.49% [3] Group 2 - The Shanghai Composite Index surpassed 4000 points on October 28, with institutions noting that progress in China-US trade negotiations and ongoing expectations for Federal Reserve interest rate cuts are reducing uncertainties in overseas markets [3] - The "14th Five-Year Plan" released positive signals, emphasizing economic development and accelerating the construction of a unified national market, which lays a solid foundation for the medium to long-term trend of the A-share market [3] - The upcoming third-quarter reports are seen as a critical window for performance verification, potentially leading to a market rally driven by both policy benefits and performance improvements [3] Group 3 - As of September 30, 2025, the top ten weighted stocks in the CSI A500 Index include Ningde Times, Kweichow Moutai, China Ping An, and others, collectively accounting for 19% of the index [4] - The weight and performance of the top stocks are as follows: Ningde Times (1.47%, 3.81%), Kweichow Moutai (0.67%, 3.23%), China Ping An (0.36%, 2.12%), and others [6] - Investors without stock accounts can access the A500ETF Jia Shi linked fund (022454) for exposure to the top 500 A-share companies [6]

Group 1 - The A500ETF by Jiashi has a turnover rate of 2.23% and a transaction volume of 262 million yuan, with a total scale reaching 11.624 billion yuan [3] - Over the past five trading days, the A500ETF has seen net inflows on three days, totaling 149 million yuan, indicating strong investor interest [3] - As of October 17, 2025, the A500ETF has achieved a net value increase of 24.41% over the past year, with the highest monthly return since inception being 11.71% [3] Group 2 - The top ten weighted stocks in the CSI A500 index as of September 30, 2025, include Ningde Times, Kweichow Moutai, and China Ping An, collectively accounting for 19% of the index [4] - The weightings of the top stocks are as follows: Kweichow Moutai at 3.87%, Ningde Times at 2.89%, and China Ping An at 2.60% [6] - Investors without stock accounts can access the A500ETF Jiashi through the A500ETF Jiashi linked fund (022454) for exposure to the top 500 A-share companies [6]

Core Viewpoint - The A500 index and A500 ETF have shown positive performance, with significant gains in individual stocks and overall market sentiment despite short-term volatility and external uncertainties [1][4][5]. Group 1: A500 Index Performance - As of October 15, 2025, the A500 index increased by 0.41%, with notable individual stock performances including Shanghai Jahwa up by 9.29% and Tongwei Co. up by 7.57% [1]. - The A500 ETF managed by Harvest has seen a cumulative increase of 16.45% over the past three months as of October 14, 2025 [1]. Group 2: A500 ETF Details - The A500 ETF has a trading turnover of 4.73% and a transaction volume of 559 million yuan, with its latest scale reaching 11.773 billion yuan [4]. - Over the past week, the A500 ETF's shares increased by 18.3 million, indicating significant growth [4]. - The ETF has experienced continuous net inflows over the last three days, totaling 21.7 million yuan, with a peak single-day inflow of 9.184 million yuan [4]. Group 3: Market Sentiment and Outlook - Despite short-term negative factors affecting the market, there is a clear expectation of improved corporate earnings and supportive policy signals, which are likely to sustain market momentum [4]. - According to Guosen Securities, the A-share market remains optimistic due to policy support, with a focus on traditional value sectors such as real estate, brokerage, and consumer goods in the fourth quarter [5]. Group 4: Top Weighted Stocks in A500 Index - As of September 30, 2025, the top ten weighted stocks in the A500 index include CATL, Kweichow Moutai, and Ping An Insurance, collectively accounting for 19% of the index [5].

Group 1 - The A500ETF by Jiashi has a recent trading turnover of 1.89% with a transaction volume of 221 million yuan, and the average daily transaction volume over the past year is 2.273 billion yuan [2] - The latest scale of A500ETF Jiashi has reached 11.864 billion yuan, with a net inflow of 39.6982 million yuan recently, and a total of 37.2251 million yuan in the last four trading days [2] - As of October 10, 2023, the net value of A500ETF Jiashi has increased by 15.15% over the past year, with the highest monthly return since inception being 11.71% and the longest consecutive monthly increase being 5 months with a total increase of 28.61% [2] Group 2 - The Huajin Strategy maintains that the long-term trend of a slow bull market in A-shares remains unchanged, despite short-term emotional pressures [2] - The structural recovery of A-share profits and potential credit recovery are expected to support the slow bull trend, with the long-term profit trend influenced by China's economic and policy factors [2] - The top ten weighted stocks in the CSI A500 index include Ningde Times, Kweichow Moutai, and China Ping An, collectively accounting for 19% of the index [3] Group 3 - The top ten stocks by weight in the A500 index show varied performance, with Kweichow Moutai down by 0.76% and Ningde Times up by 0.48%, indicating mixed market reactions [5] - Investors without stock accounts can access the A500ETF Jiashi through the Jiashi A500 ETF linked fund (022454) for exposure to the top 500 A-shares [5]

Group 1: Liquidity and Scale of A500ETF - A500ETF Jia Shi has a turnover of 0.86% and a transaction volume of 1.10 billion yuan [2] - As of September 30, the latest scale of A500ETF Jia Shi reached 11.912 billion yuan, with a total inflow of 1.25 million yuan over the last four trading days [2] - The average daily transaction volume over the past year is 2.277 billion yuan [2] Group 2: Performance and Returns - As of September 30, A500ETF Jia Shi has seen a net value increase of 19.33% over the past year [2] - The highest monthly return since inception is 11.71%, with the longest consecutive monthly gains being 5 months and a maximum increase of 28.61% [2] - The average monthly return during rising months is 4.15%, with a monthly profit probability of 61.28% [2] - Over the last three months, A500ETF Jia Shi has outperformed the benchmark with an annualized return of 5.48% [2] Group 3: Market Outlook - Industrial analysts from Xingye Securities suggest that after the fluctuations in September, a new round of upward momentum is building, supported by a globally accommodative macro environment [2] - According to Zhao Shang Securities, the market is expected to continue the trend from September, maintaining a steady upward trajectory with low slope [2] - The current market is still in the second phase of a bull market, with a continuous inflow of incremental funds, which is crucial for the market's stable ascent [2] Group 4: Top Holdings in A500 Index - As of September 30, the top ten weighted stocks in the CSI A500 Index include Ningde Times, Guizhou Moutai, China Ping An, and others, collectively accounting for 19% of the index [3] - The weightings of the top stocks are as follows: Guizhou Moutai (3.87%), Ningde Times (2.89%), and China Ping An (2.60%) among others [5]

Group 1 - The A500ETF by Jiashi has a turnover rate of 3.57% and a transaction volume of 4.41 billion yuan, with an average daily transaction of 22.80 billion yuan over the past year as of September 26, 2025 [3] - The latest scale of A500ETF by Jiashi reached 116.54 billion yuan, with a net value increase of 18.59% over the past year as of September 26, 2025 [3] - The highest monthly return since inception for A500ETF by Jiashi was 11.71%, with the longest consecutive monthly gains being 4 months and a maximum gain of 22.93% [3] Group 2 - The top ten weighted stocks in the CSI A500 index as of August 29, 2025, include Kweichow Moutai, CATL, Ping An Insurance, and others, accounting for a total of 19.11% [4] - The individual weightings of the top stocks are as follows: Kweichow Moutai at 3.87%, CATL at 2.89%, and Ping An Insurance at 2.60% [6] - Investors without stock accounts can access the A500ETF Jiashi linked fund (022454) for exposure to the top 500 A-shares [6]