On February 18, 2025, the three major A-share indices opened lower and moved lower. As of 10:05, the CSI 500 Quality Growth Index (930939) rose 0.13%, the constituent stocks Kinwong Electronics (603228) rose 8.70%, CSG Technology (688248) rose 3.19%, Kaiying Network (002517) rose 3.12%, Dinglong (300054) rose 3.05%, and Shenergy (600642) rose 2.46%. The 500 Quality Growth ETF (560500) rose 0.11% to last trade at $0.94. (The stocks listed above are constituent stocks of the index and are for illustrative purposes only and are not recommended as individual stocks.) Past holdings do not represent the future investment direction of the fund, nor do they represent specific investment advice, and the investment direction and specific holdings of the fund may change. The market is risky, and investors need to be cautious. )

Zhongyuan Securities pointed out that the recent rebound in the attention of foreign institutions to A-shares, policy optimization and low valuation are still the core attractions. It is expected that the regulator will continue to implement a proactive fiscal policy and a prudent monetary policy, maintain reasonable and abundant liquidity, and create a favorable policy environment for the capital market. With the continuous implementation of domestic macro-control and pro-growth policies, the market is expected to show the characteristics of technology-led and policy-driven in the future. The main line still revolves around scientific and technological innovation and policy dividends, and it is necessary to dynamically track the bottom signal of profits and the evolution of overseas risks. It is recommended to pay attention to investment opportunities in electronic components, consumer electronics, semiconductors and power industries in the short term.

The

CSI 500 Quality Growth Index selects 100 securities of listed companies with high profitability, sustainable profits, abundant cash flow and growth from the CSI 500 Index sample as index samples to provide investors with diversified investment targets.

According to the data, as of January 27, 2025, the top ten weighted stocks of the CSI 500 Quality Growth Index (930939) are Crystal Optoelectronics (002273), Chifeng Gold (600988), Western Mining (601168), Dong'e Ejiao (000423), Jingchen (688099), Nine Company (689009), Shenzhou Taiyue (300002), Kaiying Network (002517), Anker Innovations (300866), Power Investment Energy (002128), the top ten weighted stocks accounted for 22.55% of the total.

(The stocks listed above are constituent stocks of the index and are for illustrative purposes only and are not recommended as individual stocks.) Past holdings do not represent the future investment direction of the fund, nor do they represent specific investment advice, and the investment direction and specific holdings of the fund may change. The market is risky, and investors need to be cautious. )

500 Quality Growth ETF (560500), OTC Connect (Pengyang CSI 500 Quality Growth ETF Connect A: 007593; Pengyang CSI 500 Quality Growth ETF Connect C: 007594).

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