The China Small-Cap Index is primarily divided into four major categories: the CSI series, the GEM series, the SSE/SZSE series, and other specialized indices. The corresponding mainstream funds consist mainly of ETFs andover-the-counter feeder funds, covering the full spectrum of small-cap stock allocation needs from mid-capto micro-cap stocks.

I. Overview of Core Small-Cap Indices

1. CSI Small-Cap Index Series

Table

Index Name	Code	Market Capitalization Focus	Constituent Stock Scope	Key Features
CSI 500	000905	Mid-Cap (Slightly Smaller-Cap)	The next 500 stocks after the CSI 300 (ranks 301–800)	The most representative small- and mid-cap index, with sector diversification China Securities Index Co., Ltd.
CSI 1000	000852	Small-Cap	The 1,000 stocks following the CSI 800 (ranks 801–1,800)	High proportion of specialized, refined, distinctive, and innovative companies; high volatility
CSI 2000	000856	Micro-cap	The next 2,000 companies after the CSI 1,000 (Ranks 1,801–3,800)	Smallest market cap; a hub for "small but beautiful" hidden champions
CSI Small-Cap 500	000905	Mid-Cap	Same as CSI 500	Official Name of CSI Index : CSI Index Co., Ltd.

2. Guozheng Small-Cap Index Series

Table

Index Name	Code	Market Capitalization Focus	Constituent Stock Scope	Key Features
CSI 2000	399303	Mid-to-Small Cap	The next 2,000 stocks following the CSI 1000 (ranks 1,001–3,000)	Slightly larger average market capitalization than the CSI 2000
CSI Small Cap	980202	Small-Cap	Shenzhen Small-Cap	Focus on Shenzhen Stock Exchange Small-Cap Stocks
Startup Small-Cap	399404	ChiNext Small-Cap	Small-cap stocks on the ChiNext Board	GEM-Specific Small-Cap Index

3. SSE / SZSE Small-Cap Index Series

Table

Index Name	Code	Market Capitalization Range	Constituent Stock Scope	Key Features
SSE 580	000158	Shanghai Small-Cap	The 200 stocks following the SSE 380	Small-cap representative in the SSE’s flagship broad-market index series
SSE 380	000009	Shanghai Mid-Cap (Leaning Toward Small and Mid-Cap)	The 380 stocks following the SSE 180	Often regarded as the representative of small- and mid-cap stocks on the Shanghai market
SZSE Small-Cap	399005	SZSE Small-Cap	Stocks with smaller market capitalization on the Shenzhen Stock Exchange	SZSE Traditional Small-Cap Index
Small-Cap Low Volatility / High Beta	399408/399409	Small-Cap Style	Low-to-medium volatility / high beta among Shenzhen small-cap stocks	Stylized Small-Cap Index

4. Other Specialized Small-Cap Indices

Table

Index Name	Compiler	Market Capitalization Range	Key Features
Wind Micro-Cap Index	Wind	Ultra-Small-Cap	The smallest group of stocks by market capitalization, with extreme volatility
STAR 100	CSI Index	STAR Market Small-Cap	The 100 stocks with the smallest market capitalization on the STAR Market
BZ 50	Beijing Stock Exchange	BSE Small-Cap	The 50 Largest-Cap Stocks on the Beijing Stock Exchange (Overall Small-Cap Oriented)

II. Corresponding Major Fund Products

1. CSI 500 Index Fund (Mid-Cap)

Table

Fund Type	Fund Name	Ticker	Features
ETF	Southern CSI 500 ETF	510500	Largest in size, best liquidity
ETF	E Fund CSI 500 ETF	510580	Low fees, low tracking error
Off-Exchange Feeder Fund	E Fund CSI 500 ETF Feeder Fund A/C	007028/007029	Suitable for off-exchange regular investments
Index-enhanced	Fubon CSI 500 Index Enhanced A	100032	Stable long-term excess returns

2. CSI 1000 Index Fund (Small-Cap)

Table

Fund Type	Fund Name	Code	Features
ETF	ChinaAMC CSI 1000 ETF	159845	Assets under management exceed 10 billion yuan; top-tier liquidity
ETF	GF CSI 1000 ETF	560010	Low fees, low trading costs CSN
ETF	E Fund CSI 1000 ETF	159633	E Fund Flagship Small-Cap ETF
Off-Exchange Feeder	ChinaAMC CSI 1000 ETF Feeder Fund A/C	013922/013923	Convenient OTC Investment Channel
Index-Enhanced	Huaxia CSI 1000 Enhanced Index A	014111	Enhanced Strategy Delivers Significant Results

3. CSI 2000 Index Fund (Micro-cap)

Table

Fund Type	Fund Name	Ticker	Features
ETF	E Fund CSI 2000 ETF	159532	One of the first CSI 2000 ETFs, with leading scale
ETF	ChinaAMC CSI 2000 ETF	562660	ChinaAMC's Flagship Micro-Cap Product
OTC Feeder Fund	ChinaAMC CSI 2000 ETF Feeder Fund A/C	019891/019892	A Convenient Option for OTC Micro-Account Investments
ETF	GF CSI 2000 ETF	159665	GF Fund Enters the Micro-Account Market

4. Guozheng 2000 Index Fund

Table

Fund Type	Fund Name	Code	Features
ETF	Pengyang CSI 2000 ETF	159628	First Guozheng 2000 ETF
ETF	China Merchants Guozheng 2000 ETF	159636	Products under China Merchants Fund
Off-Exchange Feeder Fund	Pengyang Guozheng 2000 ETF Feeder Fund A/C	017144/017145	Channels for investing in the Guozheng 2000 off-exchange

5. Other Small-Cap Index Funds

Table

Index	Fund Name	Ticker	Type
Wind Micro-Cap	ChinaAMC Wind Micro-Cap ETF Feeder A/C	018887/018888	OTC Feeder Fund, Ultra-Small Cap
SSE 580	E Fund SSE 580 ETF	Pending Launch	Shanghai Micro-Cap Exclusive ETF
ChiNext Small-Cap	Southern ChiNext Small-Cap ETF	159948	ChiNext Small-Cap Investment Tool
Hong Kong Small-Cap	Huabao Stock Connect S&P Hong Kong Listed China Small & Mid-Cap Index (LOF)	501021	Hong Kong Small-Cap Allocation Options

III. Key Investment Considerations

Market Capitalization Tiering: CSI 500 (Mid-Cap) → CSI 1000 (Small-Cap) → CSI 2000 (Micro-Cap) → Wind Micro-Cap (Ultra-Micro-Cap), with risk and return increasing progressively

Liquidity: Larger ETFs generally offer better liquidity, such as the ChinaAMC CSI 1000 ETF (159845) and the Southern CSI 500 ETF (510500)

Fees: ETFs typically have lower fees than mutual funds, making them suitable for long-term holding; mutual funds are suitable for regular investments

Style Selection: Choose the CSI 500 for stability, the CSI 1000/2000 for flexibility, and Micro-Market indices for maximum returns

Market Coverage: The CSI series covers both the Shanghai and Shenzhen stock exchanges; the GEM series focuses on the Shenzhen market; the SSE series is limited to the Shanghai market

中国小盘股指数主要分为中证系列、国证系列、上证 / 深证系列及其他特色指数四大类，对应的主流基金以ETF和场外联接基金为主，覆盖从中盘到微盘的全谱系小盘股配置需求。

一、核心小盘股指数概览

1. 中证系列小盘指数

表格

指数名称	代码	市值定位	成分股范围	核心特点
中证 500	000905	中盘 (偏中小)	沪深 300 之后的 500 只 (301-800 名)	最具代表性的中小盘指数，行业分散中证指数有限公司
中证 1000	000852	小盘	中证 800 之后的 1000 只 (801-1800 名)	专精特新占比高，弹性大
中证 2000	000856	微盘	中证 1000 之后的 2000 只 (1801-3800 名)	市值最小，"小而美" 隐形冠军聚集地
中证小盘 500	000905	中盘	同中证 500	中证指数官方命名中证指数有限公司

2. 国证系列小盘指数

表格

指数名称	代码	市值定位	成分股范围	核心特点
国证 2000	399303	中偏小盘	国证 1000 之后的 2000 只 (1001-3000 名)	比中证 2000 平均市值略大
国证小盘	980202	小盘	深市小盘股	聚焦深交所小盘股票
创业小盘	399404	创业板小盘	创业板中市值较小的股票	创业板专属小盘指数

3. 上证 / 深证系列小盘指数

表格

指数名称	代码	市值定位	成分股范围	核心特点
上证 580	000158	沪市小盘	上证 380 之后的 200 只	上交所旗舰宽基体系中的小盘代表
上证 380	000009	沪市中盘 (偏中小)	上证 180 之后的 380 只	常被视为沪市中小盘代表
深证小盘	399005	深市小盘	深市市值较小的股票	深交所传统小盘指数
小盘低波 / 高贝	399408/399409	小盘风格	深市小盘股中低波动 / 高贝塔	风格化小盘指数

4. 其他特色小盘指数

表格

指数名称	编制机构	市值定位	核心特点
万得微盘股指数	万得	极致微盘	市值最小的一批股票，波动极大
科创 100	中证指数	科创板小盘	科创板中市值较小的 100 只股票
北证 50	北交所	北交所小盘	北交所市值最大的 50 只股票，整体偏小盘

二、对应主要基金产品

1. 中证 500 指数基金 (中盘)

表格

基金类型	基金名称	代码	特点
ETF	南方中证 500ETF	510500	规模最大，流动性最佳
ETF	易方达中证 500ETF	510580	费率低，跟踪误差小
场外联接	易方达中证 500ETF 联接 A/C	007028/007029	适合场外定投
指数增强	富国中证 500 指数增强 A	100032	长期超额收益稳定

2. 中证 1000 指数基金 (小盘)

表格

基金类型	基金名称	代码	特点
ETF	华夏中证 1000ETF	159845	规模超百亿，流动性第一梯队
ETF	广发中证 1000ETF	560010	低费率，交易成本低中证网
ETF	易方达中证 1000ETF	159633	易方达旗舰小盘 ETF
场外联接	华夏中证 1000ETF 联接 A/C	013922/013923	场外便捷投资渠道
指数增强	华夏中证 1000 指数增强 A	014111	增强策略效果显著

3. 中证 2000 指数基金 (微盘)

表格

基金类型	基金名称	代码	特点
ETF	易方达中证 2000ETF	159532	首批中证 2000ETF，规模领先
ETF	华夏中证 2000ETF	562660	华夏基金旗舰微盘产品
场外联接	华夏中证 2000ETF 联接 A/C	019891/019892	场外投资微盘的便捷选择
ETF	广发中证 2000ETF	159665	广发基金布局微盘市场

4. 国证 2000 指数基金

表格

基金类型	基金名称	代码	特点
ETF	鹏扬国证 2000ETF	159628	首只国证 2000ETF
ETF	招商国证 2000ETF	159636	招商基金旗下产品
场外联接	鹏扬国证 2000ETF 联接 A/C	017144/017145	场外投资国证 2000 的渠道

5. 其他小盘指数基金

表格

指数	基金名称	代码	类型
万得微盘	华夏万得微盘股 ETF 联接 A/C	018887/018888	场外联接，极致小盘
上证 580	易方达上证 580ETF	待发行	沪市小盘专属 ETF
创业小盘	南方创业小盘 ETF	159948	创业板小盘投资工具
港股中小盘	华宝港股通标普香港上市中国中小盘指数 (LOF)	501021	港股小盘配置选择

三、投资要点

市值分层：中证 500 (中盘)→中证 1000 (小盘)→中证 2000 (微盘)→万得微盘 (极致微盘)，风险与收益逐级提升

流动性：规模越大的 ETF 流动性越好，如华夏中证 1000ETF (159845)、南方中证 500ETF (510500)

费率：ETF 通常比场外基金费率低，适合长期持有；场外联接基金适合定投

风格选择：追求稳健选中证 500，追求弹性选中证 1000/2000，追求极致收益选微盘指数

市场覆盖：中证系列覆盖沪深两市，国证系列侧重深市，上证系列仅限沪市

载知

China Small-Cap Index

I. Overview of Core Small-Cap Indices

1. CSI Small-Cap Index Series

2. Guozheng Small-Cap Index Series

3. SSE / SZSE Small-Cap Index Series

4. Other Specialized Small-Cap Indices

II. Corresponding Major Fund Products

1. CSI 500 Index Fund (Mid-Cap)

2. CSI 1000 Index Fund (Small-Cap)

3. CSI 2000 Index Fund (Micro-cap)

4. Guozheng 2000 Index Fund

5. Other Small-Cap Index Funds

III. Key Investment Considerations

中国小盘股指数

一、核心小盘股指数概览

1. 中证系列小盘指数

2. 国证系列小盘指数

3. 上证 / 深证系列小盘指数

4. 其他特色小盘指数

二、对应主要基金产品

1. 中证 500 指数基金 (中盘)

2. 中证 1000 指数基金 (小盘)

3. 中证 2000 指数基金 (微盘)

4. 国证 2000 指数基金

5. 其他小盘指数基金

三、投资要点

This is another test. Another test, yet another test

📝 主旨内容

观点1

观点2

🤗 总结归纳

📎 参考文章