The ChiNext Series Indices experienced oscillation and adjustment during the week, with a rebound on a single day attracting funds to invest against the trend.

NightAirdropper · 2026-03-30T14:08:37+00:00

This week, the ChiNext Index experienced overall volatility and adjustment. Although there was a rebound on Friday, the index still declined for the week. The three ChiNext indices have different valuation levels, with growth styles showing more significant adjustments. Fund flow data indicates that the ChiNext ETF experienced a substantial net inflow, serving as a reminder for investors to exercise caution.

NightAirdropper

2026-03-30 14:08:37

Abstract generation in progress

This week (March 23–27), the GEM Series Index saw overall choppy consolidation and adjustment, with a partial rebound on Friday. On March 27, the GEM Index opened lower, moved higher, and closed up 0.7%, but it still fell 1.7% for the whole week. The GEM Mid-Cap 200 Index declined 1.4% during the week, the GEM Growth Index fell 2.0%, and the growth style saw a larger adjustment.

Judging from index characteristics and valuation (data source: Wind, as of March 26, 2026):

GEM Index: trailing price-to-earnings (P/E) ratio of 40.2x; since its launch in 2010, its valuation percentile has been 32.8%; the combined share of the power equipment, communications, and electronics industries is nearly 60%, focusing on the core leaders of the GEM;

GEM Mid-Cap 200 Index: trailing P/E of 101.6x; launched in November 2023; the information technology industry accounts for more than 40%, representing mid-cap growth companies in the GEM;

GEM Growth Index: trailing P/E of 39.4x; since its launch in 2013, its valuation percentile has been 42.1%; the combined share of the power equipment, biopharmaceuticals, and communications industries is about 60%, highlighting the growth style.

Fund flow data shows that the GEM ETF from E Fund—tracking the GEM Index (159915; linked fund A/C/Y: 110026/004744/022907)—received net inflows of more than 400 million yuan on the previous trading day.

All GEM Series ETFs under E Fund are low-fee products; see the chart below for details:

Risk disclosure: Funds involve risk; invest with caution.

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