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on september 23, the heavyweight core broad-based index, the csi a500 index, was officially released, closing up 0.23% on the first day of release. on the same day, the first ten csi a500 etfs issued before the index all completed fundraising, and all reached the initial fundraising limit of 2 billion yuan, which will inject 20 billion yuan of incremental funds into the market.

according to industry analysis, domestic fundamental indicators have shown structural highlights, and overseas positive factors have continued to accumulate with the start of the fed's interest rate cut cycle. with the resonance of internal and external favorable factors, core assets with attractive fundamentals and valuations are expected to show greater resilience.

csi a500 index officially released

on september 23, following the csi a50 index, the new member of the csi a series index, the csi a500 index, was officially released. wind data showed that by the close of the first day, the csi a500 index rose by 0.23%.

the csi index website shows that the csi a500 index is positioned to reflect the overall performance of the most representative listed securities in various industries. the index compilation method focuses on industry balance, selects 500 securities with large market capitalization from various industries as index samples, and keeps the market capitalization distribution of the first-level industry of the index sample as consistent as possible with the sample space, among which the leading companies in the third-level industry have priority selection qualifications. in addition, the index compilation combines screening conditions such as interconnection and esg evaluation to facilitate the allocation of a-share core assets by domestic and foreign medium- and long-term funds.

from the perspective of index components, the top ten weighted stocks of the index are kweichow moutai, catl, ping an of china, china merchants bank, china yangtze power, midea group, zijin mining, industrial bank, byd, and wuliangye, with a cumulative weight of 20.98%; in terms of industry distribution, the top five first-level industries with the highest weights are industry (22.08%), finance (14.62%), information technology (13.08%), raw materials (10.89%), and discretionary consumption (9.00%).

han xiuyi, the proposed fund manager of morgan csi a500 etf, introduced that the constituent stocks of csi a500 index cover more leading companies in sub-sectors and representative companies of emerging industries. as of september 19, there are 266 stocks in csi a500 index that are not covered by csi 300 index, with a total weight of 19.86%. among them, the industries with higher weights are industry, raw materials, information technology, communication services, medicine and health, and optional consumption, covering leading companies in sub-sectors such as communication equipment and electronic components.

"as a newly compiled broad-based index, the csi a500 index can be said to be a broad-based index with a high amount of 'new' content, covering more leading companies in sub-sectors and representative companies in emerging industries. in the new round of technological revolution, high-quality companies representing the development direction of new quality productivity are expected to bring more fresh vitality to the capital market, allowing investors to better share the fruits of high-quality economic development." han xiuyi said.

huatai-pinebridge fund management said that while the csi a500 index is based on large-cap blue chips, it also covers the core leading assets of various industries in the a-share market in a balanced manner. compared with traditional broad-based indexes, it has a higher coverage of a-shares and is more representative. in addition, the inclusion of the esg evaluation mechanism and the interconnection screening criteria gives the index a certain international perspective, and is expected to become an important window for foreign investors to access the chinese market and a new benchmark for core assets that better meet international investment needs.

the first batch of csi a500 etfs have all been closed

this time, the csi a500 etf completed a series of actions including reporting, approval, and issuance before the release of the csi a500 index. this issuance speed is unprecedented in the fund industry.according to the previous announcement, the first batch of 10 csi a500 etfs all set an initial fundraising limit of 2 billion yuan and were collectively launched on september 10.

on september 13, harvest csi a500 etf was the first to reach the initial fundraising limit of 2 billion yuan and ended fundraising ahead of schedule; on september 18 and september 19, the csi a500 etf under morgan asset management and invesco great wall fund respectively reached the initial fundraising limit of 2 billion yuan and ended fundraising ahead of schedule; on september 20, the csi a500 etf under southern fund, huatai-pinebridge fund, china asset management and china merchants fund ended fundraising and all reached the initial fundraising limit of 2 billion yuan.

on september 23, taikang fund, guotai fund, and yinhua fund's csi a500etf collectively ended fundraising, and all reached the initial fundraising limit of 2 billion yuan. so far, the first batch of ten csi a500etfs have all ended fundraising, and all have reached the initial fundraising limit of 2 billion yuan, and will be allocated in proportion, which will inject 20 billion yuan of incremental funds into the market in the future.

judging from the currently disclosed allocation results of the csi a500 etf, harvest fund, invesco great wall fund, southern fund, guotai fund and yinhua fund all adopted the "end-of-day proportion confirmation" principle for allocation, with confirmation ratios of 79.90%, 81.88%, 92.71%, 88.86% and 49.45% respectively; morgan asset management, huatai-pinebridge fund, fullgoal fund and china merchants fund adopted the "full-process proportion confirmation" principle, with confirmation ratios of 76.96%, 96.11%, 87.77% and 85.06% respectively.

harvest csi a500 etf was first established on september 20, with a total of 6,903 valid subscribers and a net subscription amount of 2 billion yuan during the fundraising period, of which the fund manager used its own funds to subscribe 200 million yuan.

huatai-pinebridge fund management said that looking at both domestic and overseas markets, the clearing of domestic risks may be gradually coming to an end, some fundamental indicators have also shown structural highlights, and overseas positive factors have continued to accumulate with the start of the fed's interest rate cut cycle. with the resonance of domestic and foreign favorable factors, now may be a good time to strengthen confidence and make arrangements against the market. in this context, core assets with attractive fundamentals and valuations are expected to show stronger resilience. the csi a500 index, which gathers more industry leaders and focuses on growth points in the new economy, may be a powerful tool to seize the opportunities of a-share core asset allocation at a low level.