Harvest 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

159221

As of April 20, 2026, the CNI Free Cash Flow Index has fallen by 0.31%. Although the short-term yield advantage of dividend assets has narrowed, its allocation logic remains solid. CITIC Securities points out that the core of the current dividend market lies in the upgrade of market pricing logic, emphasizing the revaluation of high-quality cash flows. The mid-term allocation value of high-quality dividend assets still has strong support, and the cash flow ETF Harvest (159221) is receiving much attention, with investors able to seize opportunities through its over-the-counter connection (024574)

腾讯新闻 - 财经

ZHUZHOU SMELTER

FiberHome

HPEC

Yunnan Aluminium

CIMC

Shougang

CITIC Securities Co., Ltd.

CITIC SEC

SAIC Motor

CNOOC

GREE

Cosco Ship Hold

COSCO SHIP HOLD

Great Wall Motor

GWMOTOR

Baosteel

CHALCO

China Unicom

CHINA UNICOM

Weichai Power

WEICHAI POWER

Chint Electrics

CNOOC-R

GWMOTOR-R

The mid-term allocation value of high-quality dividend assets still has strong support, and the cash flow ETF Harvest (159221) is receiving significant attention

159201

159222

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)

ChinaAMC CNI Free Cash Flow ETF

E Fund CNI Free Cash Flow ETF

Anfu Technology

CCLM

NEPG

INDUSTRIAL SECURITIES

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

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

601212

02600

601600

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

563780

563770

563830

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

China Merchants 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?

159263

510880

560570

中证红利

515080

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

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

560120

159119

On March 26, the major A-share indices opened lower but turned positive, with the free cash flow-related indices performing well. The National Index of Free Cash Flow rose by about 0.3%, and the CSI 500 Free Cash Flow Index increased by about 0.2%. The free cash flow ETF ChinaAMC (159201) attracted over 1.9 billion yuan in the last 10 trading days, while the CSI 500 Cash Flow ETF ChinaAMC (560120) attracted over 620 million yuan, setting a new high since its establishment. Dongfang Securities believes that Chinese assets possess a triple "safety premium," and the free cash flow index is expected to become one of the core allocation directions

ChinaAMC CSI 500 Free Cash Flow ETF

China Merchants CSI 800 Free Cash Flow ETF

Institutions claim that Chinese assets possess a triple "safety premium," focusing on opportunities in free cash flow ETFs ChinaAMC (159201) and CSI 500 Cash Flow ETF ChinaAMC (560120)

000300

510300

515310

159919

Every March, June, September, and December, the capital market undergoes quarterly rebalancing. The CNI Free Cash Flow Index completed its adjustment for the first quarter of 2026 on March 16, with the weight of oil and petrochemicals decreasing by 3 percentage points, and the weight of home appliances and automobiles increasing by 2 percentage points. This adjustment involved only 8 constituent stocks, a significant decrease from 44 in June of last year. The rebalancing is divided into three categories: semi-annual rebalancing (such as CSI 300), quarterly rebalancing (such as CNI Free Cash Flow Index), and annual rebalancing (such as dividend indices). The frequency of rebalancing for different types of indices reflects their varying demands for timeliness and stability

CSI 300

Huatai-PB CSI 300 ETF

China Universal CSI 300 ETF

Harvest SZSE SME-ChiNext Composite 300 ETF

The season of "blood replacement" for indices has arrived! Do you understand the intricacies behind the portfolio adjustments?

000001

510050

Recently, the A-share market has entered a volatile mode, with the SSE Index fluctuating around 4,000 points. To cope with market fluctuations, the "Dividend +" index is recommended, suitable for novice investors. This index selects companies with long-term stable profits, such as the CSI Dividend Index, which focuses on high-dividend companies, and the CNI Free Cash Flow Index, which pays attention to companies with abundant cash flow. Different indices have their own characteristics in terms of industry, valuation, and historical performance, catering to investors with different risk preferences

SSE Index

ChinaAMC China 50 ETF

A must-read for beginners: "Dividend +", investment secrets for a volatile market are here

On the morning of March 18, 2026, the CNI Free Cash Flow Index fell by 0.91%. Against the backdrop of escalating US-Iran tensions and rising international oil prices, market risk aversion increased, making companies within the free cash flow index the preferred choice for capital seeking safety due to their stability. The cash flow ETF Harvest (159221) closely tracks this index, constructing a portfolio that combines profit quality and dividend potential, suitable for investors' demand for "certainty."

Free cash flow assets become the preferred choice for hedging, cash flow ETF Harvest (159221) is expected to continue benefiting

Harvest CNI Free Cash Flow ETF(159221.SZ)

The mid-term allocation value of high-quality dividend assets still has strong support, and the cash flow ETF Harvest (159221) is receiving significant attention

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

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

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