MSCI China A5 interconnection index is compiled by MSCI morgan stanley capital international, a world-famous index compiling company, and refers to the interconnection mechanism of Shanghai, Shenzhen and Hong Kong stocks. China A5 represents 5 A shares. It's Hiroki.

1. Interconnection refers to the stock interconnection mechanism in Shanghai, Shenzhen and Hong Kong. The 5 Interconnection Index is different from the SSE 5 Index and the CSI 3 Index. From the perspective of preparation plan, the sample selection space, sample selection method, weight distribution and sample adjustment MSCI China A5 stock index interconnection index is different from Shanghai Stock Exchange 5 and Shanghai-Shenzhen 3 index, among which the core differences are sample selection space and industry distribution. In terms of coverage, the SSE 5 Index covers the Shanghai stock market, while the Shanghai and Shenzhen stock markets choose MSCI China A5 Interconnection Index and Shanghai and Shenzhen 3 Index.

2. In terms of stock selection index, SSE 5 Index comprehensively selects stocks according to the total market value and trading volume, while MSCI China A5 Internet Index only selects stocks according to the freely circulating market value. In terms of industry distribution, MSCI China A5 Interconnection Index is more balanced in terms of industry weight. For example, the financial industry's weight in the SSE 5 Index is 36%, while its weight in the MSCI China A5 Interconnection Index has dropped to 19%. Research on the better location structure of the stock selection index in Shanghai and Shenzhen stock markets: from the perspective of industry distribution, compared with the Shanghai Stock Exchange 5 Index and the Shanghai and Shenzhen 3 Index, MSCI China A5 Interconnection Index has changed the situation that the proportion of financial sectors has been too high for a long time, increased the proportion of new energy, medicine and other sectors, and the industrial structure is closer to the overall position structure of institutional investors such as Public Offering of Fund and land stock connect Fund; Focus on industry leaders: Due to the adoption of special sample selection methods, constituent stocks include leading targets in various sub-sectors.

1. The top ten constituent stocks include Contemporary Amperex Technology Co., Limited, Kweichow Moutai, Ji Long and other A-share market leaders, which are highly recognized and involve many core fields such as industry, necessities consumption, information technology and finance. Excellent historical income performance: the average compound annual growth rate of gross operating income and net profit of the top ten constituent stocks in recent five years was 31.41% and 36.1% respectively, and the average weighted return on equity (ROE) reached 21.7%. The MSCI China A5 Interconnection Index outperformed the mainstream market indexes such as SSE 5 and CSI 3, with a cumulative increase of 233.47% since the benchmark date, which was better than the cumulative increase of SSE 5(164.27%) and CSI 3(175.69) in the same period. In the past year, two years, three years and five years, the yield of MSCI China A5 Internet Index has been dominant for a long time. MSCI China A5 Interoperability Index File MSCI China A5 Interconnection Index is based on the broad-based MSCI China A-share index.