The STAR Composite Index rose nearly 1% in the morning session, with the STAR Composite Index ETF Jianxin (589880) seeing net capital inflows exceeding 140 million over the past 60 days.

As of 9:57, the SSE STAR Market Composite Index tracked by the CSCI STAR Market Composite ETF (589880) rose 0.83%.

Wind data shows that as of April 17, the SSE STAR Market Composite Index has risen 58.97% in the past year; the CSCI STAR Market Composite ETF (589880) has seen net capital inflows exceeding 140 million in the past 60 days.

The STAR Market's performance is impressive, with technology innovation themes remaining active, and the margin trading and securities lending balance on the STAR Market has increased for nine consecutive days. Wind data shows that as of April 17, the total margin balance on the STAR Market was 309.664 billion yuan, an increase of 1.121 billion yuan from the previous trading day, marking the ninth consecutive day of increase. Among this, the total financing balance was 308.461 billion yuan, an increase of 1.136 billion yuan from the previous trading day.

Everbright Securities pointed out that Chinese assets possess inherent stability and are expected to attract sustained capital inflows. Looking ahead to April, potential market inflection points may come from the following three directions: 1) Listed companies' earnings exceeding expectations. In April, the 2025 annual reports and 2026 first-quarter reports of listed companies will be released successively. Based on the current situation, the overall performance of listed companies is expected to improve slightly, with technology innovation sectors showing particularly bright spots structurally. 2) Medium- to long-term capital entering the market. Policies continue to support the entry of medium- to long-term capital. The previous market correction is expected to trigger another wave of medium- to long-term capital inflow, supporting the market to bottom out and recover. 3) Mitigation of external risk factors. The easing of previous risk factors is one of the most direct potential upward drivers for the market, but its predictability is relatively poor.

The SSE STAR Market Composite Index closely aligns with the core of technological innovation, tightly integrates with the national layout for strategic emerging industries. Its constituent stocks are highly concentrated in cutting-edge technology fields such as semiconductors, artificial intelligence, innovative pharmaceuticals, and new energy, fully demonstrating the innovation vitality and development potential of China's hard-tech enterprises.

The management fee rate for the CSCI STAR Market Composite ETF (589880) is 0.15%, the custody fee rate is 0.05%, and the total expense ratio is 0.2%, which is relatively low in the industry.

With its tracking of the STAR Market Composite Index, coverage of the hard-tech sector, and low-cost advantage, the CSCI STAR Market Composite ETF (589880) has become a core tool for capturing China's technological innovation and industrial upgrading.