Today, the three major A-share indices rose collectively, all up more than 1%. Among the first-class industries of Shenwan, national defense and military industry, power equipment, non-bank finance, and food and beverage are among the top gainers.

The Shanghai Composite Index rose 1.12% intraday, and as of midday close, the constituent stocks Puyuan Information (688118) rose 20.00%, China UAV (688297) rose 17.67%, Mengsheng Electronics (688311) rose 17.55%, Jingpin Special Equipment (688084) rose 15.54%, and Canqin Technology (688182) rose 14.46%.

In terms of popular ETFs, the Shanghai Composite ETF (510980) rose 0.9%, with an intraday turnover of more than 53 million yuan and a turnover rate of 7.23%, ranking first in its category! In terms of net inflow of funds, the SSE Composite ETF has attracted a total of 136 million yuan in the past 11 trading days. In the past 20 days and 60 days, there has been a positive net inflow of funds, and the net inflow has exceeded 570 million yuan in the past 60 days.

In terms of shares, the share of SSE Composite ETF increased by 357 million shares in the past January, achieving significant growth, and the new share ranked 1/3 of comparable funds.

On the news, the People's Bank of China authorized the National Interbank Lending Center to announce that the loan market quotation rate (LPR) on October 21, 2024 is: 1-year LPR is 3.10%, 5-year LPR is 3.60%, both down 25 basis points from the previous period, and the above LPR is valid until the next LPR is issued.

Minsheng Securities believes that at the annual meeting of the Financial Street Forum on October 18, it has been predicted that the LPR will drop by 20-25BP this month. However, this month, the LPR of 1 year and LPR over 5 years were reduced according to the maximum amount previously announced, and the single decline was the largest since the LPR reform in 2019, which still exceeded market expectations, showing the strength and determination of monetary policy to support the economy.

Industrial Securities believes that since October, after the short-squeezed rise in the early stage, although the market has fluctuated with the change in investor sentiment and the concern that the strength and effect of the follow-up policy may not be as strong as expected, the market has maintained a bullish thinking. The core reason is that the market logic has reversed. Under the new policy guidance of "grasping the key points and taking the initiative", the continuous policy combination will bring about a virtuous cycle of the stock market environment and China's economy.

[Low-level layout of the large inventory point, look for the SSE Composite ETF (510980)].

The Shanghai Composite ETF (510980) closely tracks the Shanghai Composite Index. The Shanghai Composite Index is one of the oldest, most recognized and most frequently used indices of A-shares, consisting of a sample of eligible stocks listed on the Shanghai Stock Exchange, reflecting the overall performance of listed companies on the Shanghai Stock Exchange, and has long been known as the barometer of the A-share market.

CUAM SSE Composite Index A (470007) was established on 1 July 2009 and has accumulated extensive experience in the investment management of SSE Composite Index products.

Lay out the overall inventory and pay attention to the directly related Shanghai Composite Index product - Shanghai Composite ETF (510980)! Buy the market directly, and the ups and downs are what you get!

The effective date of the contract of CUAM SSE Composite ETF Fund is November 22, 2023, and the fund has been established for less than one year, and the performance comparison benchmark is the return rate of the SSE Composite Index. The performance and performance benchmark of the fund since its inception are: 0.78%/-3.28% (2024H1), data source: fund 2024 second quarter report, as of 2024/6/30.

Risk Warning: Any information appearing in this article, including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression, is for reference only, and investors shall be responsible for any investment behavior determined independently. In addition, any opinions, analysis and forecasts in this article do not constitute any form of investment advice to the reader, and the company shall not be liable for any direct or indirect losses arising from the use of the content of this article. SSE Composite ETF is a medium risk (R3) product, which is suitable for investors who have been assessed by the client's risk level as balanced (C3) and above. The underlying index is not fully representative of the entire stock market. There may be a deviation between the average return of the underlying index constituents and the average return of the entire equity market. Past performance of the fund is not indicative of its future performance, and investors should be cautious. Investors should pay attention to the risks of indexed investment and the risk of constituent stocks of the SSE Composite Index, the risks of large weights and high concentration of some index constituent stocks, the risks of indexed investment, the risks of ETF operation, and the unique risks of investing in specific varieties.

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