as of 14:48 on February 27, 2024, the Shanghai composite index (000001) rose 1.00 percent, the constituent stock saiweiwei (688325) rose 20.01 percent, yongxin zhicheng (688244) rose 16.60 percent, Fudan micropower (688385) rose 14.80 percent, core sea technology (688595), dragon core zhongke (688047) and other stocks followed suit. The Shanghai Composite ETF(510980) rose 0.91 per cent, with the latest price at 1 yuan, with intraday turnover reaching 27.8081 million yuan, a turnover rate of 11.83 per cent, and active market trading.

the latest PB valuation of the Shanghai composite index has reached 1.24x, the lowest level since 1991. according to historical data, after the Shanghai composite index falls below the 1.24xPB valuation, it is expected to usher in a certain degree of repair in the next period of time (1 month, 3 months, 6 months and 1 year), and the PB valuation of 1.24x also corresponds to the periodic low of the market, now the Shanghai Composite Index valuation of 1.24x PB shows a higher margin of safety.

The Shanghai Composite ETF(510980) closely tracks the Shanghai Composite Index. The fund managers are Wu Zhenxiang and Sun Hao. The Shanghai Composite Index consists of a sample of eligible stocks listed on the Shanghai Stock Exchange, reflecting the overall performance of listed companies on the Shanghai Stock Exchange. It has always been known as the barometer of the-share market. As the index with the longest history, the highest recognition and the most frequently used index of A- shares, the majority of investors at 3000 points of the Shanghai Composite Index have the most full cognition and strong willingness to layout.

Huitianfu Shanghai Composite Index A(470007) was established on July 1, 2009. The fund manager is also Wu Zhenxiang. Therefore, as the manager of Shanghai Composite ETF(510980), Huitianfu has accumulated rich experience in investment management of Shanghai Composite Index products.

The Shanghai Composite ETF closely tracks the Shanghai Composite Index, which consists of a sample of eligible stocks and depository receipts listed on the Shanghai Stock Exchange, reflecting the overall performance of companies listed on the Shanghai Stock Exchange.

data show that as of January 31, 2024, the top ten heavyweights in the Shanghai Composite Index (000001) are Guizhou Maotai (600519), Industrial and Commercial Bank of China (601398), PetroChina (601857), Agricultural Bank of China (601288), Bank of China (601988), China Merchants Bank (600036), China Shenhua (601088), China Life (601628), Changjiang Power (600900) and Sinopec (600028), the top ten weighted stocks together accounted for 23.49 per cent.

Wanlian Securities pointed out that in the first week after the Spring Festival holiday, the CSRC will continue to speak out and will crack down more severely on illegal acts such as insider trading and market manipulation, and the supervision of quantitative trading will be further tightened. The A- share market continued to rebound and rise, investor confidence picked up, and net capital flowed into the market.