Guotou Securities pointed out that the current slowdown in the decline of long-term interest rates and the shift of domestic and foreign disturbances to positive factors, coupled with policies such as "anti-involution," are conducive to capacity clearance, improved competitive landscape, and inflation recovery. At the industrial level, new growth drivers such as AI (computing power), Hong Kong-listed internet stocks, innovative drugs, new consumption, and new energy (vehicles) have successively reached cyclical inflection points, providing conditions for the return of excess effectiveness in low-valuation large-cap growth and "middle assets." The outperformance of the ChiNext Index + technology and sci-tech innovation is highly probable and sustainable, with valuations below the 30th percentile historically and earnings growth leading among broad-based indices. Industry trend sectors such as innovative drugs and optical modules have maintained strong performance due to overseas demand, and the profitability effect of the technology growth sector remains.

The GTB SCI-TECH Innovation Board Composite Index ETF (589630) tracks the SCI-TECH Innovation Board Composite Index (000680), with a daily price fluctuation limit of 20%. The index covers over 97% of the market capitalization of the STAR Market, including large, mid, and small-cap stocks, and focuses on high-tech industries such as next-generation information technology and biopharmaceuticals. The index features balanced sector distribution and high R&D intensity, comprehensively reflecting the overall performance of securities listed on the STAR Market.

Investors without stock accounts can consider GTB SSE STAR Market Composite ETF Connect A (023733) and GTB SSE STAR Market Composite ETF Connect C (023734).

Note: Any mentioned stocks are for reference only and do not constitute investment advice. Short-term price fluctuations and historical performance of indices/funds are for analytical purposes only and do not indicate future performance. Market views may change with market conditions and do not constitute any investment advice or commitment. The indices mentioned are for reference only and do not constitute any investment advice or guarantee of fund performance. When purchasing related fund products, please choose products that match your risk tolerance. Funds carry risks, and investment requires caution.