As of 13:39 on February 29, 2024, the CSI Techtron 50 Index (931643) was up 2.38 per cent, with component stocks in Microtech up 8.31 per cent and Cambrian up 6.26 per cent. Kechuang Venture 50ETF(588390) rose 2.17 percent to its latest price of 0.52 yuan, with intraday turnover reaching 6.4617 million yuan.

At the valuation level, the latest price-to-earnings ratio (PE-TTM) of the CSI CRE 50 Index tracked by the CRE 50ETF is only 23.65 times, at a fraction of 12.35 per cent in the last year, I .e., the valuation is below 87.65 per cent in the last year and is at an all-time low.

The CRE 50ETF closely tracks the CSI CRE 50 Index, which selects 50 securities of listed companies in emerging industries with large market capitalization from the CRE Board and the ChiNext Board as an index sample to reflect the overall performance of securities of listed companies in representative emerging industries in the above markets.

Data show that as of January 31, 2024, the top ten heavyweights in the CSI Kechuang Venture 50 Index (931643) are Ningde Times (300750), Mindray Medical (300760), Huichuan Technology (300124), SMIC (688981), Sunlight Power (300274), Zhongji Xuchuang (300308), Haiguang Information (688041), United Film Medical (688271), Zhifei Biology (300122) and Zhongwei Company (688012), the top ten weighted stocks together accounted for 54.21 per cent.

Zheshang Securities believes that new quality productivity includes strategic emerging industries and future industries. Guojin Securities pointed out that in the medium and long term, the new quality productivity often corresponds to the proportion of profits continue to rise, reference to the domestic and foreign economic structure transformation period, asset shortage background, can long-term outperform the market is often the economic structure to turn the direction, that is, the new quality productivity direction.

sco venture 50ETF(588390), over-the-counter connection (class a: 014099; Class C: 014100).