ChinaAMC CNI Free Cash Flow ETF

Weichai Power Completes Share Buyback: Spent 761 Million RMB to Repurchase Over 50 Million A-Shares

COSCO SHIPPING Holdings spends approx 36.41 million HKD to repurchase 2.49 million shares

CITIC Asset Management Reduces China Aluminum Stake by 12.63 Million Shares on May 15, Raising About 134 Million HKD

COSCO SHIPPING Holdings Repurchases 2.49 Million H-Shares on May 18

China's April Rare Earth Exports Up 35.1%, Alumina Exports Surge 96.6%

Great Wall Menglong PLUS Officially Launched, Orders Surpass 20,000 in 24 Hours

CNOOC Hainan Branch Builds Largest Offshore Gas Field, Annual Oil & Gas Output Exceeds 10 Million Tonnes

Wellington Management reduces holdings of Weichai Power by 5,099,782 shares

China COSCO Shipping Holdings repurchased 2.41 million shares for HKD35.2645 million

Weichai Power Receives RbE Seven-Star Certification, First in China's High-End Manufacturing Industry

MG Launches MG 07 Electric Sedan

Great Wall Motor Begins Production of Ora 5 in Thailand

Nomura Downgrades Weichai Power Rating to Outperform

JPMorgan Maintains Overweight Rating on Cosco Shipping Holdings Q1 Results

Cosco Shipping repurchased 2.35 million H-shares in HKEX

CHINALCO Authorizes Repurchase of Up to 10% of A Shares and H Shares

CNOOC Boosts Offshore Output and Reopens Huizhou Steam Cracking Unit

BofAS Raises Weichai Power's Target Price to HKD 48.2 and Maintains Buy Rating

BOFACM Securities Sees Positive Outlook for Weichai Power's High-Speed Gas Generator Sales in US Market Starting Q3 2026

First 24000TEU Methanol Container Ship Named by OOCL

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On April 17, 2026, the three major A-share indices opened mixed, with the CNI Free Cash Flow Index down 0.72%. The GDP in the first quarter grew by 5.0% year-on-year, indicating economic resilience. Industrial Securities pointed out that in a low-interest-rate environment, the demand for dividend asset allocation has increased, and residents' fixed-term deposits are maturing, making dividend strategies a potential inflow direction. The cash flow ETF Harvest (159221) closely tracks the CNI Free Cash Flow Index, constructing a "cash cow" portfolio. Off-exchange investors can seize opportunities through the off-exchange connection of the cash flow ETF Harvest (024574)

腾讯新闻 - 财经

E Fund CNI Free Cash Flow ETF

Harvest CNI Free Cash Flow ETF

ZHUZHOU SMELTER

Anfu Technology

CCLM

Weichai Power

WEICHAI POWER

CIMC

NEPG

INDUSTRIAL SECURITIES

SAIC Motor

CNOOC

GREE

Cosco Ship Hold

COSCO SHIP HOLD

Great Wall Motor

GWMOTOR

Baosteel

CHALCO

China Unicom

CHINA UNICOM

Chint Electrics

CNOOC-R

GWMOTOR-R

The demand for dividend asset allocation continues to rise, and the cash flow ETF Harvest (159221) constructs a "cash cow" portfolio

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On April 14th, the A-share market showed mixed performance, with a slight adjustment in free cash flow-related indices. The CNI Free Cash Flow Index and the CSI 500 Free Cash Flow Index both fell by about 0.45%. The ChinaAMC Free Cash Flow ETF (159201) attracted a net inflow of 1.037 billion yuan over the past 6 days, reaching a scale of 20.061 billion yuan; the CSI 500 Cash Flow ETF (560120) attracted 541 million yuan, reaching a scale of 1.075 billion yuan. Analysts pointed out that the situation in the Middle East and high oil prices are putting pressure on market risk appetite, suggesting that investors maintain liquidity and focus on allocation opportunities in free cash flow ETFs

China Merchants CSI All Share Free Cash Flow ETF

ChinaAMC CSI 500 Free Cash Flow ETF

China Merchants CSI 800 Free Cash Flow ETF

Geopolitical conflicts and high oil price disturbances still exist, focusing on the allocation opportunities of free cash flow ETFs ChinaAMC (159201) and CSI 500 Cash Flow ETFs ChinaAMC (560120)

On April 10th, the A-share market performed strongly, with the CNI Free Cash Flow Index rising by approximately 0.65%. The ChinaAMC Free Cash Flow ETF (159201) attracted a net inflow of 783 million yuan over the past four days, reaching a new scale high of 19.779 billion yuan. Caitong Securities recommends that investors adopt the "HALOPLUS" strategy, allocating defensive assets with high cash flow and heavy assets to cope with market fluctuations. The management fee and custody fee of this ETF are at the lowest level in the market, aiming to maximize benefits for investors

Institutions recommend adopting the "HALOPLUS" strategy for allocation, with the largest free cash flow ETF in the same category, ChinaAMC CNI Free Cash Flow ETF (159201), highlighting its value

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On April 8, 2026, the CNI Free Cash Flow Index rose by 1.09%, with constituent stocks such as Baiyin Nonferrous and CHALCO performing outstandingly. Huaxi Securities analysis pointed out that the US-Iran conflict may prolong high oil prices, and RMB assets demonstrate resilience. Western Securities believes that China has the conditions to form high-quality cash flow assets, and it is expected that cash flow assets will undergo systematic revaluation in 2026. The cash flow ETF Harvest (159221) closely tracks this index, making it suitable for investors to seize opportunities

Baiyin Nonferrous

Cash flow assets are expected to undergo systematic revaluation, and the cash flow ETF Harvest (159221) is attracting significant attention from funds

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The Cash Flow ETF 800 Penghua (516460) has seen net inflows for 7 consecutive days, highlighting the importance of cash flow assets with real pricing power in the market. Today, the A-shares experienced a broad rise, with the cash flow index performing excellently, led by industries such as chemicals and healthcare. Institutional analysis indicates that as financial reports are densely disclosed, market funds remain cautious, making cash flow assets key to navigating performance tests. The latest price of Cash Flow ETF 800 Penghua is 1.33 yuan, with a total capital inflow of 33.4839 million yuan

Penghua CSI 800 Free Cash Flow ETF

China Universal CNI Free Cash Flow ETF

The Penghua CSI 800 Free Cash Flow ETF (516460) has seen net inflows for 7 consecutive days, and cash flow assets with real pricing power are the ballast to navigate through performance tests

Starting from 2025, the A-share free cash flow index officially enters the sight of ETF investors. By March 31, 2026, the number of related ETFs has reached 30, with a scale exceeding 45 billion yuan. Free cash flow, as a core indicator of a company's true profit quality, filters out targets with high profit quality. The selection schemes of China Universal, CSI, and FTSE are similar, but there are differences in the negative exclusion rules. China Universal emphasizes the stability of ROE, while CSI focuses on the sustainability of cash flow

What are the differences between the three all-market stock selection free cash flow indices?

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Free cash flow is the cash that a company can freely allocate, reflecting the true quality of its earnings. Companies with high free cash flow typically have stable shareholder returns, healthy finances, and mature business models. There are three major free cash flow indices in the market: the CNI Free Cash Flow Index (requiring 3 years of positive cash flow), the CSI All Share Free Cash Flow Index (requiring 5 years of positive cash flow), and the FTSE China A Free Cash Flow Focus Index (requiring 1 year of positive cash flow). The main differences among the three lie in the number of years of positive cash flow and the number of constituent stocks

Founder Fubon CSI All Share Free Cash Flow ETF

Bosera CSI All Share Free Cash Flow Index Exchange Traded Fund

Guotai FTSE China A Free Cash Flow Focus ETF

Harfor CSI All Share Free Cash Flow ETF

GTJA Allianz CSI A100 Index Fund(LOF)

CS CASH FLOW ETF

Huaan CSI All Share Free Cash Flow ETF

Huatai-PB CSI All Share Free Cash Flow ETF

Key points summary, what are the differences among the three free cash flow indices?

On the first trading day of April, the three major A-share indices opened significantly higher, with free cash flow-related indices rising collectively. ChinaAMC Free Cash Flow ETF (159201) has attracted over 1.2 billion yuan in the past 5 trading days, while the CSI 500 Cash Flow ETF (560120) has attracted over 500 million yuan in the past 10 trading days. Huaxi Securities analysis believes that stable market policies are expected, and it is recommended to pay attention to free cash flow ETFs due to their stable cash flow and valuation advantages, making them suitable for allocation in the current environment of geopolitical uncertainty and asset scarcity

Stable market policies are expected, focusing on free cash flow ETFs ChinaAMC (159201) and CSI 500 Cash Flow ETF ChinaAMC (560120) to layout value

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On March 30th, the A-share market's high dividend and value style sectors demonstrated strong counter-cyclicality, driving the "Dividend +" series indices upward. The CSI Dividend Low Volatility Index rose by 1.0%, the CSI Dividend Index increased by 0.9%, the CNI Free Cash Flow Index went up by 0.5%, and the CNI Value 100 Index climbed by 0.2%. Since the beginning of the year, the CSI Dividend Index has increased by 4.7%, and the CNI Free Cash Flow Index has risen by 7.9%. In terms of capital inflows, the value ETF and free cash flow ETF received net inflows of 440 million yuan and 540 million yuan, respectively

E Fund CNI Value 100 ETF

Huatai-PB SSE Dividend ETF

GTJA Allianz CSI A500 Dividend Low Volatility ETF

CNI A Share

ChinaAMC CSI Dividend Low Volatility ETF

Great Wall CNI Free Cash Flow ETF

E Fund CSI Dividend ETF

SSE Dividend

中证红利

China Merchants CSI Dividend ETF

E Fund CSI Dividend Low Volatility ETF

New China CSI Dividend Low Volatility ETF

The "Dividend +" strategy index shows resilience and strength, with funds continuously increasing positions in high-dividend and quality value targets

The probability of a cyclical improvement in the fundamentals of A-shares in 2026 is relatively high. Investors should pay attention to the layout opportunities of the free cash flow ETF ChinaAMC (159201) and the CSI 500 cash flow ETF ChinaAMC (560120). On March 27, the main indices of A-shares opened lower but turned positive. The performance of free cash flow-related indices showed divergence, with the ChinaAMC free cash flow ETF receiving a net inflow of 946 million yuan in the past three days, while the CSI 500 cash flow ETF attracted 390 million yuan in the last five trading days. Shenwan Hongyuan Securities analysis believes that the A-share market is developing healthily, with an increase in the attractiveness of long-term funds, and it is expected that profitability will effectively rebound in 2026

The probability of a cyclical improvement in the fundamentals of A-shares in 2026 remains high, focusing on the opportunities in free cash flow ETFs ChinaAMC (159201) and CSI 500 Cash Flow ETFs ChinaAMC (560120)

ChinaAMC CNI Free Cash Flow ETF(159201.SZ)

The demand for dividend asset allocation continues to rise, and the cash flow ETF Harvest (159221) constructs a "cash cow" portfolio

Geopolitical conflicts and high oil price disturbances still exist, focusing on the allocation opportunities of free cash flow ETFs ChinaAMC (159201) and CSI 500 Cash Flow ETFs ChinaAMC (560120)

Institutions recommend adopting the "HALOPLUS" strategy for allocation, with the largest free cash flow ETF in the same category, ChinaAMC CNI Free Cash Flow ETF (159201), highlighting its value

Cash flow assets are expected to undergo systematic revaluation, and the cash flow ETF Harvest (159221) is attracting significant attention from funds

The Penghua CSI 800 Free Cash Flow ETF (516460) has seen net inflows for 7 consecutive days, and cash flow assets with real pricing power are the ballast to navigate through performance tests