On January 22, 12 fund companies including E Fund, Huatai Bairui, Huaxia, Nanfang, and Boshi were approved for their Science and Technology Innovation Composite Index ETFs. Public information shows that the first batch of 12 Science and Technology Innovation Composite Index ETFs closely track the Shanghai Science and Technology Innovation Board Comprehensive Index. Specifically, the products approved for E Fund, Huatai Bairui, Huaxia, Nanfang, Boshi, Huitianfu, CMB, Tianhong, and CICC are Shanghai Science and Technology Innovation Board Comprehensive ETFs; while the products approved for Fullgoal, Invesco Great Wall, and GYIC are Shanghai Science and Technology Innovation Board Comprehensive Price ETFs. The Science and Technology Innovation Composite Index is positioned in the comprehensive index of the Science and Technology Innovation Board market. According to the latest index samples published by the Shanghai Stock Exchange and China Securities Index Co., Ltd., the number of samples in the Science and Technology Innovation Composite Index reaches 565, with a market value coverage of nearly 97%, including various types of securities of large, medium, and small caps. In terms of industry distribution, the industry distribution of the Science and Technology Innovation Composite Index is relatively balanced, with a higher proportion of industries such as semiconductors, power equipment, machinery manufacturing, and pharmaceuticals, with semiconductors accounting for 38% of the weight; while the industry distribution of the Science and Technology 50 Index is more focused, with semiconductors accounting for 62% of the weight. Since its establishment, the Science and Technology Innovation Board has fully played its role as a "test bed" for reforms, continuously building it as the "main battlefield" for nurturing new productive forces. By the end of 2024, the number of listed companies on the Science and Technology Innovation Board had reached 581, with a total market value exceeding 6.34 trillion yuan. Against the background of steadily increasing number of listed companies, the Shanghai Stock Exchange and China Securities Index Co., Ltd. researched and launched the Shanghai Science and Technology Innovation Board Composite Index to provide a more comprehensive representation tool for the Science and Technology Innovation Board market. Nanfang Fund stated that the Science and Technology Innovation Board focuses on the world's technological frontier and national strategies, gathering "hard tech" companies with a high proportion of "new" elements, covering extensively the "eight major emerging industries + nine future industries" representing new productive forces. The launch of the first batch of Science and Technology Innovation Composite Index ETFs increases the convenience for investors to allocate on the Science and Technology Innovation Board, attracting incremental funds to enter the market, guiding funds to support the development of "hard technology," and further enhancing the service level of the capital market for key core technological innovation and the development of new productive forces.