To thoroughly study and implement the guiding principles of the Third Plenary Session of the 20th CPC Central Committee and the new "Nine National Rules", SZSE organized a symposium on September 12. The meeting focused on promoting the high-quality development of the ETF market and building a "long-term capital, long-term investment" market system. Discussions were also held on the long-term allocation value of CSI A500 product. Representatives from 25 institutions, including funds, brokerage firms, banks, and insurance companies, attended the event. A representative from SZSE was present and delivered a speech.
Recently, the CSRC approved the CSI A500 Index and related ETF product. This is the first core broad-based index after the release of the new "Nine National Rules". It provides a comprehensive portrayal of leading companies in China's capital market, covering both new quality productive forces and traditional industries. Among the constituent stocks of CSI A500, 253 are SZSE-listed companies, accounting for more than half of the total, fully reflecting the "innovation-driven and high-growth" characteristics of SZSE-listed companies. Participants agreed that CSI A500 ETF provides an ideal tool for investors to tap into new quality productive forces and invest in leading companies in emerging sectors, and provides diversified options for medium- and long-term capital to seize opportunities during China's high-quality economic development phase.
The SZSE representative stated that SZSE is following the unified deployment by the CSRC and is making continuous efforts across the front, middle and back ends to create an environment more suitable for medium- and long-term capital entry into the market, thereby accelerating the high-quality development of the ETF market. Firstly, we are improving the product lineup to support the development of new quality productive forces. This involves establishing an index methodology system and product development system that better aligns with the requirements of these new quality productive forces, guiding capital into relevant areas to help the capital market better serve the transformation and upgrading of the real economy. Secondly, we are vigorously developing financial products represented by ETFs. The goal is to provide investors with more convenient tools and accessible channels to share the fruits of economic development. Thirdly, we aim to enhance the quality and efficiency of market services. By strengthening investor support and carrying out more basic and broader market education services based on the market situation where small and medium-sized investors predominate, we are promoting the concepts of "rational investment, value investment, and long-term investment" to households across the country.
SZSE will carefully consider the opinions and suggestions put forward by the participants, further build consensus, and work collaboratively to address the key challenges and pain points that restrict the high-quality development of the ETF market, so as to inject more fresh vitality into the advancement of a high-quality capital market.
