On the morning of April 17, 2026, the three major A-share indices opened mixed. As of 10:18, the National Free Cash Flow Index fell by 0.72%. Among the constituent stocks, Zhuye Group hit the daily limit up of 10%, Anfu Technology rose by 3.98%, and Zhongyuan Media increased by 2.01%; Weichai Power led the decline, with CIMC Group and Northeast Pharmaceutical following suit.
According to data from the National Bureau of Statistics, the national economy achieved a good start in the first quarter. Preliminary calculations show that the gross domestic product (GDP) in the first quarter was 33.4193 trillion yuan, a year-on-year increase of 5.0% at constant prices, accelerating by 0.5 percentage points compared to the fourth quarter of the previous year. A relevant person in charge of the National Bureau of Statistics stated that the economic performance in the first quarter was noteworthy, fully demonstrating the strong resilience of China's economy. The economic growth rate was high in the first quarter of last year, and under such a high base, the economy can still achieve a good start this year, fully reflecting the resilience of the Chinese economy.
Industrial Securities pointed out that in a low-interest-rate environment, the demand for dividend asset allocation continues to rise. With a concentration of residents' fixed-term deposits maturing, dividend strategies are also expected to become a potential inflow direction.
Data shows that as of March 31, 2026, the top ten weighted stocks in the National Free Cash Flow Index (980092) were SAIC Motor, China National Offshore Oil Corporation, Gree Electric Appliances, COSCO Shipping Holdings, Great Wall Motors, Baosteel, China Aluminum Corporation, China Unicom, Weichai Power, and Chint Electric, with the top ten weighted stocks accounting for a total of 52.4%.
The cash flow ETF Harvest (159221) closely tracks the National Free Cash Flow Index, constructing a &#34;cash cow&#34; portfolio that combines profit quality and dividend potential.
Off-exchange investors can also seize opportunities through the cash flow ETF Harvest off-exchange connection (024574)

159201

159222

159221

On April 17, 2026, the three major A-share indices opened mixed, with the CNI Free Cash Flow Index down 0.72%. The GDP in the first quarter grew by 5.0% year-on-year, indicating economic resilience. Industrial Securities pointed out that in a low-interest-rate environment, the demand for dividend asset allocation has increased, and residents' fixed-term deposits are maturing, making dividend strategies a potential inflow direction. The cash flow ETF Harvest (159221) closely tracks the CNI Free Cash Flow Index, constructing a "cash cow" portfolio. Off-exchange investors can seize opportunities through the off-exchange connection of the cash flow ETF Harvest (024574)

腾讯新闻 - 财经

ChinaAMC CNI Free Cash Flow ETF

E Fund CNI Free Cash Flow ETF

Harvest CNI Free Cash Flow ETF

ZHUZHOU SMELTER

Anfu Technology

CCLM

Weichai Power

WEICHAI POWER

CIMC

NEPG

INDUSTRIAL SECURITIES

SAIC Motor

CNOOC

GREE

Cosco Ship Hold

COSCO SHIP HOLD

Great Wall Motor

GWMOTOR

Baosteel

CHALCO

China Unicom

CHINA UNICOM

Chint Electrics

CNOOC-R

GWMOTOR-R

The demand for dividend asset allocation continues to rise, and the cash flow ETF Harvest (159221) constructs a "cash cow" portfolio