As of 10:26 on February 20, 2025, the CSI 500 Quality Growth Index (930939) rose 0.05%, the constituent stocks Crystal Optoelectronics (002273) rose 10.00%, Dinglong shares (300054) rose 6.82%, Yifeng Pharmacy (603939) rose 4.20%, Guosheng Financial Holdings (002670) rose 4.09%, and Baichu Electronics (688188) rose 2.59%. 500 Quality Growth ETF (560500) rose 0.21%, and the latest price was 0.95 yuan. (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. )

Wind data shows that:

In terms of scale, the scale of 500 Quality Growth ETF has increased by 24.8514 million yuan in the past 1 month, achieving significant growth, and the new scale ranks 1/3 of comparable funds.

In terms of shares, the share of 500 quality growth ETF has increased by 11 million shares in the past 1 month, achieving significant growth, and the new share ranks 1/3 of comparable funds.

Guosen Securities pointed out that the economic recovery cycle is superimposed on the breakthrough of the artificial intelligence industry, and the boom growth style is expected to break through the continuous excess returns of the low valuation style. 1) The logic of switching market styles: When the economic cycle switches from grinding to recovering, the main line of "low valuation + high dividends" gradually shifts to the "high growth" track, and the current price from the downturn to the early cycle stage of recovery supports the continuation of the technology style. 2) Comparison of investment paradigms between China and the United States: A-share institutions' early deployment of bank stocks was based on the growth logic (rapid expansion of profits), while the investment banking stocks of U.S. institutions were more based on the logic of low valuation; Under the current dislocation of the Sino-US cycle, the independent innovation of Chinese technology companies (such as the open source of DeepSeek model and the replacement of computing power) is more strategic. 3) Reconstruction of the moat of the industrial chain: AI technology breakthroughs have broken the traditional theory of comparative advantage, and domestic enterprises have shifted from application-layer imitation to independent research and development of core technologies (such as chips and large models), forming a two-wheel drive of "technology-driven + value revaluation".

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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