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I. BackgroundThe last time "moderately loose monetary policy" was put forward was in 2010. In addition, the reference to "strengthening unconventional countercyclical adjustment" in the conference draft is also the first time in history.As many well-known Internet companies in China are listed in the United States or Hongkong, and domestic investors can't directly enjoy the dividends brought by the rapid development of these companies, the establishment of China Internet ETF facilitates domestic investors to participate in the growth of these companies.


China Internet ETF is a cross-border ETF, which can conduct T+0 transactions, that is, it can repeatedly sell high and suck low in one day. The heavyweight stocks of China's Internet ETFs usually include well-known domestic Internet companies such as Tencent and Alibaba. The market performance of these companies has a direct impact on the trend of ETFs.Fourth, there are both opportunities and risks in investing in Chinese stocks. The opportunity lies in sharing the dividend of China's economic growth, while the risks include geopolitical risks, exchange rate risks and possible regulatory changes.This shows that China has changed its monetary policy stance for the first time in more than ten years, from "moderate" to "moderately loose". This policy adjustment aims to boost consumption, improve investment efficiency and expand domestic demand in all directions. At the same time, it also indicates that China will probably take greater measures to cut interest rates and lower the RRR to support economic growth.


Second, because the regulatory environment of the listing place is different from that of Chinese mainland, China Stock Exchange Company needs to abide by the laws, regulations and accounting standards of the listing place, which may be different from that of Chinese mainland.V. Valuation Analysis of China Stock Exchange in 2024China Internet ETF basically covers domestic mainstream Internet listed companies, such as Tencent, Meituan, Ali, JD.COM, Baidu, Pinduoduo, Netease, Xiaomi, Ctrip and Aauto Quicker.

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