嘉實明晟Ａ股－Ｒ：嘉實MSCI中國A股指數ETF未經審核中期報告2025.pdf

1、 Harvest Global Investments HARVEST FUNDS(HONG KONG)ETF(AN UMBRELLA UNIT TRUST ESTABLISHED IN HONG KONG)HARVEST MSCI CHINA A INDEX ETF (A SUB-FUND OF HARVEST FUNDS(HONG KONG)ETF)SEMI-ANNUAL REPORT 1ST JANUARY 2025 TO 30TH JUNE 2025 HARVEST MSCI CHINA A INDEX ETF(A SUB-FUND OF HARVEST FUNDS(HONG KONG

2、)ETF)CONTENTS Page Report of the Manager to the Unitholders 1 Statement of Financial Position(Unaudited)2 Statement of Comprehensive Income(Unaudited)3 Statement of Changes in Net Assets Attributable to Unitholders(Unaudited)4 Statement of Cash Flows(Unaudited)5 Investment Portfolio(Unaudited)6 25 S

3、tatement of Movements in Investment Portfolio(Unaudited)26 64 Performance Record(Unaudited)65 Underlying Index Constituent Stocks Disclosure(Unaudited)66 Report on Investment Overweight(Unaudited)67 Management and Administration 68 70 HARVEST MSCI CHINA A INDEX ETF(A SUB-FUND OF HARVEST FUNDS(HONG K

4、ONG)ETF)1 REPORT OF THE MANAGER TO THE UNITHOLDERS Market Overview Chinas national economy faced challenges and showed steady improvement.In the first half of the year,the gross domestic product(GDP)was RMB 66,053.6 billion1,a year-on-year increase of 5.3%at constant prices.Quarterly,the GDP grew by

5、 5.4%year-on-year in the first quarter and 5.2%in the second quarter.On a quarter-on-quarter basis,the GDP in the second quarter grew by 1.1%.The continued slowdown in the second quarter did not suppress capital market performance;instead,it was conducive to raising expectations for the transition f

6、rom old to new growth drivers.The demand side showed a pattern of domestic growth and external decline,with domestic demand supporting the steady progress of the Chinese economy.In the first half of 2025,the MSCI China A Net Return Index rose by 0.81%2.Global stock markets experienced significant vo