每日经济新闻 华鑫证券指出，随着PPI降幅收窄到转正，行业风格将从科技成长逐步向上游资源、中游制造及下 游消费扩散。在MSCI中国A股ESG领域，重点关注三大方向：一是周期反转行业，包括景气改善的能 源金属、风电设备、工程机械等，以及具备涨价预期的新能源、有色、化工等；二是科技成长领域，如 景气上行的AI算力、储能等，以及产业催化的商业航天、机器人等；三是消费修复板块，包括政策预 期较强的食饮、社服、美护等。反内卷政策带动部分行业供需格局改善，叠加海外需求韧性，ESG相关 行业的盈利修复趋势有望延续。 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com MSCIESGETF（159621）跟踪的是MSCI中国A股人民币ESG通用指数（MSC278），该指数基于母 指数构建，从中国A股市场中筛选出具有稳健ESG表现及积极改善趋势的上市公司证券作为指数样本， 并通过调整成分股权重，重点纳入 ...

海通国际证券指出，随着中国在硬实力与软实力上的全面追赶，尤其是在全球经济与科技体系中的份额 持续提升，中国股市有望获得估值重估。行业层面，科技仍将是市场的核心主线，硬实力方向如国产算 力与存储芯片将加速扩产，带动半导体产业链持续放量；软实力方向，中国的文化消费与文化出海有望 形成新的增长动能。此外，受益于反内卷与通缩修复的板块也具备困境反转的潜力。 MSCIESGETF（159621）跟踪的是MSCI中国A股ESG通用指数，该指数从中国A股市场中筛选符合环 境、社会和治理高标准要求的上市公司证券作为指数样本，通过正向筛选和动态加权方法，重点纳入具 有稳健ESG表现及持续改善潜力的企业。指数行业分布均衡，风格偏向核心资产配置，旨在反映ESG投 资理念下中国A股优质企业的整体表现。 （文章来源：每日经济新闻） ...

Group 1 - The core viewpoint is that the construction of a unified corporate sustainability disclosure standard system in China will lead to higher information disclosure requirements and transformation pressures for MSCI China A-share ESG-related industries [1] - Companies are required to disclose the financial impacts of sustainable risks and opportunities, strategic resilience, and externality impacts, which will reshape the industry value assessment system [1] - High-carbon industries such as electricity, steel, and cement will be the first to face these requirements, and industries that are prioritized for control are expected to receive support in terms of industrial policies and technological investments [1] Group 2 - The development of ESG standards in China has entered a fast track, with the three major A-share exchanges set to release the "Sustainable Development Report Guidelines" in 2024, and the Ministry of Finance promoting the formulation of application guidelines for nine key industries by 2025 [1] - The MSCI ESG ETF (159621) tracks the MSCI China A-share RMB ESG Universal Index, which is compiled by MSCI and selects listed companies in the China A-share market that meet ESG standards, reflecting the overall performance of companies focused on sustainable development practices [1] - The index constituents cover multiple industries, including finance and technology, and consider the ESG ratings of companies during the selection process, providing investors with a market benchmark that balances industry diversification and ESG investment value [1]