On October 16, the three major A-share indices fluctuated and rose after opening sharply lower. As of press release, the decline in the Morgan China Securities A500 ETF narrowed to 0.63%, with a turnover of 364 million yuan. In terms of capital flow, the Morgan China Securities A500 ETF received a net capital inflow of 706 million yuan yesterday. Regarding the recent market turbulence and correction, industry insiders analyzed, on the one hand, that turnover has shrunk and profit capital has escaped; on the other hand, it is also related to the tense overseas geographical situation and heightened risk aversion in the market. Despite short-term turbulence, long-term A-shares are still attractive. In terms of valuation, CICC pointed out that the A-share valuation level quickly recovered during this round of rising volumes, but it is still below the historical average. Currently, domestic risk-free interest rates are at historically low levels, and stock assets are still relatively attractive. Societe Generale Securities pointed out that the China Securities A500 Index is based on large markets, and at the same time focuses on segments, especially leaders in emerging industries. It is better suited to the beta in the era of large markets and leaders. It also has more distinctive new productivity characteristics and is full of “new” volumes. It is expected to become a direction with excessive returns in the current era of high win rate investment.

On October 16, the three major A-share indices fluctuated and rose after opening sharply lower. As of press release, the decline in the Morgan China Securities A500 ETF narrowed to 0.63%, with a turnover of 364 million yuan. In terms of capital flow, the Morgan China Securities A500 ETF received a net capital inflow of 706 million yuan yesterday. Regarding the recent market turbulence and correction, industry insiders analyzed, on the one hand, that turnover has shrunk and profit capital has escaped; on the other hand, it is also related to the tense overseas geographical situation and heightened risk aversion in the market. Despite short-term turbulence, long-term A-shares are still attractive. In terms of valuation, CICC pointed out that the A-share valuation level quickly recovered during this round of rising volumes, but it is still below the historical average. Currently, domestic risk-free interest rates are at historically low levels, and stock assets are still relatively attractive. Societe Generale Securities pointed out that the China Securities A500 Index is based on large markets, and at the same time focuses on segments, especially leaders in emerging industries. It is better suited to the beta in the era of large markets and leaders. It also has more distinctive new productivity characteristics and is full of “new” volumes. It is expected to become a direction with excessive returns in the current era of high win rate investment.