In recent years, with the adjustment of indices, the &#34;midstream&#34; market capitalization content of broad-based indices has increased, and overseas revenue is also providing a new growth engine, thus tearing off the traditional labels of &#34;large market capitalization&#34; and &#34;reliance on domestic demand,&#34; gaining favor from large funds.
In the past five days, the top five large-cap CSI 300 ETFs, including Huaxia CSI 300 ETF (510330), have seen a total net inflow of over 3.5 billion yuan, demonstrating unique attractiveness during a period of significant global asset volatility.
Zhang Yu, a macro analyst at Huachuang Securities, recently pointed out: Under global &#34;supply anxiety,&#34; China's midstream manufacturing is entering a strategic era of &#34;overseas revenue generation,&#34; while broad-based indices like the CSI 300 provide balanced allocation tools for both domestic and foreign investments, combining the dual-driven choices of &#34;overseas dividends&#34; and &#34;stable domestic demand.&#34;
Several sets of data reveal new changes in the CSI 300:
(1) The midstream market capitalization of the CSI 300 index has significantly increased from 17.3% to 39.3%, approaching 40%, providing upward elasticity for macro transformation;
(2) The CSI 300 index reflects a &#34;new and old balance&#34; structure, but nearly 40% of the midstream market capitalization corresponds to only 10.6% of profits, with midstream providing elasticity, while the profit base remains solidly supported by large finance and large consumption;
(3) The overseas revenue of the CSI 300 is about 16%, possessing &#34;balanced allocation value&#34; that emphasizes both domestic and foreign demand;
(4) Although the expansion of midstream market capitalization in the CSI 300 relies nearly half on the &#34;metabolism&#34; of index adjustments, 96% of its overseas incremental growth still comes from the endogenous growth of core old blue chips, demonstrating strong resilience in the underlying assets.
Zhang Yu also pointed out: &#34;For large funds pursuing stable balance, the CSI 300 can keep pace with macro transformation through rule changes, while its underlying assets can provide a solid safety cushion for overseas profits.&#34;
&#34;Because it naturally carries the entire macro picture, widely distributed in the domestic demand base, supported by large finance and large consumption for the domestic cycle, while enjoying midstream overseas as an 'incremental engine.' This structure allows broad-based indices to possess both the explosive power of 'incremental options' and the stability of underlying assets.&#34;
For individual investors with lower risk tolerance and smaller amounts of capital, they can also continuously grasp the medium to long-term trends of China's economic transformation and the revaluation of Chinese manufacturing through broad-based indices like the CSI 300. For example, the Huaxia CSI 300 ETF (510330.SH) has a management fee rate as low as 0.15% per year, which is the lowest in the entire market.
Daily Economic News

000300

09188

03133

07233

83188

399300

510300

159925

03188

02846

Zhang Yu, a macro analyst at Huachuang Securities, pointed out that the CSI 300 and other large-cap broad-based indices demonstrate unique attractiveness amid global economic fluctuations, balancing the dual drivers of "overseas dividends" and "steady domestic demand." The mid-cap market value in the CSI 300 has significantly increased, with overseas revenue accounting for 16%. For large funds seeking stability, the CSI 300 provides a tool for balanced allocation both domestically and internationally, making it suitable for individual investors to seize opportunities in China's economic transformation

腾讯新闻 - 财经

CSI 300

CAM CSI300-U

CSOP CSI300

XL2CSOPCSI300

CAM CSI300-R

Huatai-PB CSI 300 ETF

China Southern CSI 300 ETF

CAM CSI300

ISHARESCSI300

Hua Chuang's Zhang Yu: The CSI 300 and other large-cap broad-based indices balance the dual drivers of "overseas dividends" and "steady domestic demand."