On April 16, the China A500 ETF Southern (159352) saw a slight increase in volume, with a transaction value of 2.055 billion yuan and a turnover ratio of 10.73% as of the time of publication. Wang Yi, chief economist at China Great Wall, stated that in the context of the global Industry Chain restructuring, the investment paradigm of China Assets is fundamentally changing. It is shifting from 'growth narrative' to 'safety premium', from 'β lounging win' to 'α digging gold'. Only by deeply penetrating industry logic, flexibly using hedging tools, and keenly capturing the resonance points of policy and industry can value discovery be achieved in the rebalancing of risks and opportunities. This requires investors to have the courage to face the normalization of geopolitical conflicts, as well as the strategic determination to focus on high-end manufacturing breakthroughs, layered consumer markets, and deepening energy revolutions. The China Merchants Fund Evaluation Center data shows that over the past 10 years, the Southern Fund Stocks ETF has tracked the market most accurately, ranking first among its peers. Investors can use the China A500 ETF Southern (159352) and its linked funds (Class A 022434, Class C 022435, Class Y 022918) for their layout.