Yifangda Fund's SSE 380 ETF and its feeder fund, SSE 580 ETF and its feeder fund have been approved.

Today, the Shanghai 380 ETF and connective funds, as well as the Shanghai 580 ETF and connective funds reported by companies such as E Fund have officially been approved. Previously, the Shanghai 380 Index announced an optimized compilation plan, introducing stricter liquidity screening and ESG considerations. The optimized index is positioned as "Shanghai Mid-cap", closely aligning with the direction of economic transformation and upgrading. Nearly one-third of the companies included are "specialized and innovative", with close to 20% of the companies listed on the Sci-Tech Innovation Board. It is an important tool for exploring the growth potential of Shanghai mid-cap blue-chip companies. The Shanghai 580 Index was released in June of this year, composed of 580 stocks with smaller market capitalization and good liquidity in the Shanghai market, aiming to reflect the overall performance of small-cap stocks in the Shanghai market. The index has distinct innovative characteristics, with approximately 50% and 60% of the companies from the private sector and emerging industries, respectively, helping investors easily seize the growth opportunities of small-cap stocks in the Shanghai market.