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What does Kwangi mean?
The full name of broad-based index is "broad-based stock index". A stock index is a broad-based index if it meets one of the following two conditions.

Condition A: 1. Including 10 or more stocks; 2. The weight of a single constituent stock shall not exceed 30%; 3. The cumulative weight of the five stocks with the greatest weight shall not exceed 60% of the index; 4. The average daily trading volume of constituent stocks in the latest quarter exceeds 50 million USD, and if there are at least 15 stocks in the index, it will exceed 30 million USD.

Condition B: 1. Including 9 or more stocks; 2. The weight of a single constituent stock shall not exceed 30%; 3. Each constituent stock is a large-cap stock (the top 500 stocks according to market value and average daily turnover). The fund that tracks the broad-based index is the broad-based index fund.