Early trading on May 27megaways™, as of 10:02, A50ETF Warburg (159596) rose 0megaways™.3%, turnover 3,459megaways™.960,000 yuan.

In terms of constituent stocks, most of the top ten heavy positions rose. Zijin Mining rose 2.13%, USmegaways™Group rose 1.52%, Changjiang Power rose 0.91%, Hengrui Pharmaceutical, Ningde Times, etc. fell.

On the news front, incomplete statistics show that so far, at least 71 cities have launched real estate "trade-in" policies. With the introduction of the "517" new property market policy, more and more cities are accelerating the implementation rules of "trade-in". Many cities clearly encourage or promote state-owned enterprises to acquire second-hand housing in the hands of buyers.

China Post Securities believes that the focus of the future game for A-shares remains whether the policy of stabilizing real estate is effective. Given that the benefits of this policy to stabilize real estate exceeds expectations and there are still policy backstops, the marginal improvement of real estate in the future has become a standard assumption. During the verification period of the policy to stabilize real estate, A-shares may still have a market in the short term.

Debon Securities believes that at the current time point in the stock market, the real estate supply and demand relationship model is gradually improving. Stimulated by real estate expectations and macro recovery expectations, the big financial and real estate chains will also be influenced by emotions, and the sales chain and completion chain are expected to be the first to stabilize. Overall, against the background of increasing internal and external disturbances, funds are expected to be the main pricing factor in the market style, and the market growth style and "core assets" may benefit more.

According to public information, the A50ETF Huabao (159596) and its over-the-counter linked funds (Class A 021216/Class C 021217) passively track the China Securities A50 Index, which brings together core leaders in the A-share industry. The 50 constituent stocks come from 50 China Securities third-level industries, comprehensively characterizing the benchmark core assets of A-shares! To be long in China, the A50 is the first choice.