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2. Steady state of flow and commercial realization1. Industry changes and steady-state pattern3. Changes in policy and market environment

This paper will deeply discuss the future development of China's Internet industry and the investment value of China's Internet ETF(SH513050).1. Valuation advantagesWith the government's increasing support for the digital economy, Chinese Internet companies are expected to play a greater role in the digital economy. In addition, with the promotion of international cooperation projects such as the "Belt and Road", Chinese Internet companies are also expected to achieve broader development space by expanding overseas markets.

2. Steady state of flow and commercial realizationInternet companies in China are listed in overseas markets, and their valuation standards are different from those in China. The valuation of some Chinese stocks in overseas markets is relatively low, but their fundamentals and development prospects are not inferior to those of Internet companies in the domestic market. This makes China Internet ETF have great advantages in valuation and provides investors with better investment opportunities.2. Steady state of flow and commercial realization