--- title: "A comprehensive layout of the ChiNext!" type: "News" locale: "en" url: "https://longbridge.com/en/news/278632864.md" description: "The Xingquan ChiNext Composite Enhanced Initiated Fund (Class A 026814, Class C 026815) will be issued from March 16 to 27. This fund aims to layout the ChiNext Composite Index, covering 99% of the ChiNext market capitalization, with over 1,300 constituent stocks, mainly concentrated in innovative enterprises. Since the base date in 2010, the ChiNext Composite Index has accumulated a growth of 323%, with an annualized return of 9.90%. This fund is regarded as a high-quality tool for investing in the ChiNext, featuring high elasticity and good risk-adjusted cost-effectiveness" datetime: "2026-03-11T00:31:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278632864.md) - [en](https://longbridge.com/en/news/278632864.md) - [zh-HK](https://longbridge.com/zh-HK/news/278632864.md) --- # A comprehensive layout of the ChiNext! ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/Op2hzrWTUKZLuDy-DOBMsaAZScHQENf8sZ8mskzuiMERsAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) The Xingquan ChiNext Composite Enhanced Initiation Fund (Code: Class A 026814, Class C 026815) will be issued from March 16 to 27. Why is it worthwhile to invest in the ChiNext Composite Index? Why should you choose an enhanced index fund? Ten questions and answers will help you understand the new fund! **Xingquan ChiNext Composite Enhanced Initiation Fund** **ChiNext "Panorama" One-Click Enhancement Tool** **Confidence issuance from March 16 to 27, 2026** **Fund Codes: Class A 026814, Class C 026815** **Anchor excellent indices, one-click layout of "China's Growth Innovation Power"** ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OuDf091S5KT49U4EmVZv-vDvzXmewSoyUhidNbQJPDGhMAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) **Q1: What kind of index is the ChiNext Composite Index?** The ChiNext Composite Index (399102.SZ) is known as the **"Panorama" of ChiNext**, a great tool for investing in A-share growth and innovation enterprises with one click. **• ChiNext "Panorama", comprehensive coverage:** The index sample space includes all A-shares listed on ChiNext (excluding ST, \*ST stocks and companies with ESG ratings below C), with a **total market capitalization coverage of 99%** and more than **1,300 constituent stocks**. **• High growth and innovation content, great potential:** ChiNext is a gathering place for **"Three Innovations and Four New" enterprises** (innovation, creation, creativity, as well as new technologies, new industries, new business formats, and new models), bringing together industry leaders in **new energy, optical communication**, etc., while covering **28 first-level industries of Shenwan**, balancing innovation upgrades for both emerging and traditional enterprises. **• Time witnesses growth, high value:** The index base date is May 31, 2010, with a base point of 1,000. As of February 28, 2026, the index level is 4,231, with a **cumulative increase of over 323% and an average annualized return of 9.90%**, demonstrating long-term value. Image: Top ten constituent stocks of the index, high growth and innovation content ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OsAvAgp-p1s9NTf616RtjkCg5w6EshSrT5-QR7fjLe09EAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Image: Main industries and weight distribution of the index, balancing emerging and traditional sectors ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OHA16GLpfG8iTU46IFmhXZHHBg8YJwpUyCvC2vZDRGW8QAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Component stock data as of 2025/12/31, industry classification follows the Shenwan first-level classification. **Q2: What is the investment value of the ChiNext Composite Index?** **• Sufficient elasticity, witnessing long-term value:** Since the base date of the ChiNext Composite Index on 2010-05-31, **the cumulative increase is 323.08%, significantly higher than major stock indices during the same period**. Although high elasticity corresponds to high volatility, considering the **return-to-drawdown ratio, the Calmar ratio of the ChiNext Composite Index is 0.15**, which is better than mainstream broad indices, highlighting its outstanding risk-adjusted cost-effectiveness. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OhHHCJkJu225gUAxhlc2ExvxchfdvwBOGyu_cXnzdaLzwAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OI6F4s8xmaLXN_OHD2hXjPMwqIojQMt4GARn3W-kuLUUQAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Data range: The base date 2010/5/31 is the starting point, from 2010/6/1 to 2026/2/28. Source: WIND. Interval return rate (annualized) = \[(1 + interval return rate)^(250/trading days) - 1\] \* 100%. Calmar ratio = annualized return of the statistical interval / abs(max drawdown of the statistical interval). Past performance does not guarantee future results; investment should be cautious. **• Valuation matches high growth potential, still within a reasonable range:** As of the end of February 2026, the PE ratio of the ChiNext Composite Index is at the **68.23% percentile of the past decade, significantly lower than mainstream stock indices**. If future growth potential is considered in the valuation, using the PEG valuation method (= PE ratio / earnings growth rate), the current **forecasted PEG value is 1.01**, while the PEG for the CSI 300 and the Wind All A Index during the same period is 1.37 and 1.32, respectively, indicating a higher cost-effectiveness. Chart: Historical PE and current percentile point, with ample space to the peak ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OcBXyum9Tm93XLC7xvHtXChMp6vjC9nd5XD8bARumcDtwAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Data source: WIND, interval 2016/3/1-2026/2/28. PE ratio PE(TTM) = ∑(component stocks, total market value 2) / ∑(component stocks, net profit attributable to parent (TTM)). Forecasted PEG(FY2) = forecasted PE (FY2) / G value. FY2 represents the next year of the most recent forecast year, forecasted PE (one year after the most recent forecast year) = closing price of the stock on the specified trading date / consensus forecast earnings per share (FY2), G value is the WIND consensus forecast net profit 2-year compound growth rate **Pursuing Excellence through In-Depth Research, Xingquan Quantitative Team Collaborates for Support** ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OUxBPCrzdKIJG1o7hucf2g5f_9DaecVILYzrIj1PUrJE0AA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) **Q3: How does the Xingquan ChiNext Composite Enhanced Fund strive for enhancement?** This fund is an **enhanced index fund**, aiming for effective tracking of the ChiNext Composite Index while relatively enhancing the fund's investment portfolio. In terms of **index enhancement strategies**, it plans to combine **multi-factor quantitative stock selection** and **portfolio optimization** methods to achieve investment returns that exceed the performance benchmark. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OiWoXdZGRfok4Q3RAkM6BEhah9Y9l3txexzFvqlsqnmRcAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Specific investment strategies are detailed in the fund contract. This fund has not yet been established and does not constitute a commitment for future investment. **Q4: What are the distinctive advantages of the Xingquan Quantitative Team?** **• Neutral Foundation, Focus on Risk Control:** Emphasizes industry and style neutrality, focusing on controlling the tracking deviation from the index to avoid risk exposure caused by style drift. **• Shared Factors, Collaborative Research and Development:** The team collaborates to discover quantitative factors, enriching investment models together, while fund managers independently construct model portfolios, balancing shared and independent aspects. **• Abundant Software and Hardware Strength:** The company has developed a self-researched quantitative strategy system that integrates "Research + Trading + Tracking," fully empowering the efficient practice of quantitative strategies. **• Multi-Department Collaboration for Support:** The company's quantitative research team, risk management department, information technology department, FOF investment and financial engineering department, trading department, and other departments work collaboratively, with professional teams closely coordinating to form a comprehensive investment research support system. **Q5: How strong is the Xingquan Quantitative Team?** Xingquan Global Fund continues to cultivate the landscape of quantitative strategy products, dedicated to providing investors with diverse investment tools. **Currently, the quantitative strategy public products established for more than 6 months have achieved significant excess returns since inception**, aiming to provide long-term enhancement solutions. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OibORDKZtMS0DWQMiV8JeqOx3YSW3UECI43zg_O8FtuB0AA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) \\\* Only products established for more than 6 months are counted, performance data as of 2026/2/28, non-periodic report performance data has been verified by the custodian. Quantitative strategy: refers to funds that include multi-factor quantitative stock selection and portfolio optimization strategies in the fund contract. For the fund manager's resume and complete historical performance of the products, please refer to the risk warning at the end. **Q6: Who is the proposed fund manager for this fund?** ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OPZs4MoIG5ccTIf9WjIv-UY_fXXI9Ld2Mh92huiLXansMAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) **Proposed Fund Manager Huang Zhiyuan** • 7 years of experience in the securities industry • Master's degree in Finance, previously served as a credit researcher, convertible bond researcher, quantitative researcher, and assistant fund manager, currently serves as a fund manager in the quantitative investment department “ The Xingquan quantitative team places great importance on component stock constraints, industry and style neutrality, guarding the sustainable growth of products. The team regularly tracks over 3,000 factors, with more than 2,000 factors tracked daily in the database. The company has developed its own integrated platform for 'research + trading + tracking', possessing industry-leading high-frequency data processing and machine learning capabilities, focusing on the development of factors and strategies. ” **16 Years of "Index Enhancement Boutique", Sincerely Starting Again!** ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/Otnl82ZlDmZcP-f8WuASYuFm1V2MQcS1WUAeGBNE_F_L8AA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) **Q7: What experience and advantages does Xingzheng Global Fund have in the field of index enhancement?** Since 2010, Xingzheng Global Fund has been laying out in the field of index enhancement, accumulating **16 years** of **index enhancement experience**. The company’s **passive investment capability has received a three-year ★★★★★ rating from China Merchants Securities**. The company has rich reserves in both active enhancement and quantitative enhancement strategies, with the current product line covering mainstream broad-based indices, **recognized by 610,000 holders**. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OyWnJuD-7J_o-ndiRT1otXj3AbjjIMBmVymWXsmQg96iQAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Rating data as of 2025/12/31. The number of holders as of the 2025 mid-year report data, simply summed without deduplication. Performance return ranking source: Galaxy Securities, as of 2025/12/31, similar categories are 1.5.1 enhanced scale index equity funds (Class A). Holder data source: various funds' 2025 mid-year reports, simply totaled without deduplication. The Xingquan CSI 300 Index Enhanced Fund (LOF) was established on 2010/11/02, and the performance and comparison benchmark of the Xingquan CSI 300 Index Enhanced A since its establishment until 2025/12/31: 172.36%/34.15%. The Xingquan CSI 800 Six-Month Holding Period Index Enhanced Fund was established on 2021/2/9, and the performance and comparison benchmark of Class A since its establishment until 2025/12/31: 25.22%/-8.24%. For specific performance information of the public fund products mentioned above, please refer to the risk warning page at the end of the document. Past performance does not represent future results, and investment should be approached with caution **Q8: How strong is the investment research team at Xingzheng Global Fund?** **• 12 Golden Bull Awards, five-star recognition for equity investment capability over a ten-year dimension** Xingzheng Global Fund has won a total of 12 Golden Bull Awards, known as the "Oscars" of the fund industry. As of the end of 2025, its active equity returns over the past three years ranked **1st** among large equity companies (1/13, Guotai Junan Securities, as of 2025/12/31), and its equity investment capability over the past ten years received a **★★★★★ rating** from Guotai Junan Securities (as of 2026/1/30), dedicated to creating excellent medium to long-term returns. **• Nearly 40% of the investment research team members, rare in the industry** The company is committed to improving research levels in team structure, incentive mechanisms, and personnel training. Nearly 40% of the company's investment research team consists of members. The research team is divided into several groups covering industries such as TMT, cyclical, consumer, new energy, and machinery and military industry, promoting systematic improvement in research levels through "passing on knowledge and helping each other." Data source: Xingzheng Global Fund and Xingzheng Global Capital Management (Shanghai) Co., Ltd.; data as of: 2025/12/31. **Q9: What is the element table for this product?** ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O3bGOaYyKvcN8ulX1J_ujqRy_OU9Cdx50sHL4LRofAurAAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) **Q10: What is the fee table for this product?** ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/Oie-yf4dI4Wo83_SKUuir4SBRxYczI9PMFKnlEp-cG3eMAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Advertisement ### Related Stocks - [399102.CN](https://longbridge.com/en/quote/399102.CN.md) - [159291.CN](https://longbridge.com/en/quote/159291.CN.md) - [159293.CN](https://longbridge.com/en/quote/159293.CN.md) - [159290.CN](https://longbridge.com/en/quote/159290.CN.md) ## Related News & Research - [The Verge’s 2026 high school graduation gift guide](https://longbridge.com/en/news/287089539.md) - [11:36 ETAUA 2026: new studies demonstrated Blue Light Cystoscopy benefits in high-risk NMIBC management and cost comparison study](https://longbridge.com/en/news/286794641.md) - [What is next for Energy Transfer after its 2026 guidance hike?](https://longbridge.com/en/news/287100206.md) - [Pop star Wang Leehom swaps Denza endorsement fee for BYD stock](https://longbridge.com/en/news/286844734.md) - [14:19 ETBybit Launches XUSD Earn Campaign Offering a Competitive APR and 65,000 XUSD Rewards Pool](https://longbridge.com/en/news/286806620.md)