Recently, driven by the combined effects of explosive AI demand, industry cycle recovery, and accelerated domestic substitution, the semiconductor sector has demonstrated strong performance, boosting trading volumes across multiple ETFs. According to Wind data, as of September 25, 2025, the China-Korea Semiconductor ETF (513310) recorded an average daily trading volume of 5.5 billion yuan over the past week, with cumulative capital inflows of 442 million yuan during this period. Meanwhile, the STAR Market Semiconductor Equipment ETF (588710) has maintained average daily trading volumes above 100 million yuan for seven consecutive trading days (September 17-25), with cumulative net capital inflows reaching 490 million yuan.
From an industry perspective, China's semiconductor industry is entering a new cycle driven by both policy dividends and technological autonomy, stepping into a critical phase of accelerated domestic substitution. On August 22, 2025, the Ministry of Industry and Information Technology and other departments issued the "Electronic Information Manufacturing Industry Stable Growth Action Plan 2025-2026," proposing to advance technological breakthroughs in 5G/6G key components, chips, and modules. Under policy support, China's semiconductor industry chain continues to overcome technical challenges. In core equipment areas such as etching, deposition, and cleaning, numerous domestic leading companies have achieved technological breakthroughs and gained certain global competitiveness. The domestic substitution rate for semiconductor equipment has increased from 13.6% in 2022 to 21.58% in 2024.
The positive industry outlook combined with surging market investment enthusiasm has led to continued capital favor for ETF products focused on the semiconductor sector, with assets under management growing simultaneously. Exchange data shows that over the past week, the China-Korea Semiconductor ETF (513310) grew from 1.354 billion yuan (September 18, 2025) to 1.878 billion yuan (September 25, 2025), representing an increase of 524 million yuan. During the same period, the STAR Market Semiconductor Equipment ETF (588710) expanded from 343 million yuan (September 18, 2025) to 757 million yuan (September 25, 2025), achieving a doubling of its assets under management.
The China-Korea Semiconductor ETF (513310) and its off-exchange feeder funds (Class A 019454, Class C 019455) track the China-Korea Semiconductor Index, which is composed of the CSI Semiconductor 15 Index and KRX Semiconductor 15 Index with equal weighting. The constituent stocks involve multiple segments of the semiconductor industry chain, including semiconductor design, manufacturing, applications, and equipment production, featuring high hard-tech content and certain scarcity characteristics.
The STAR Market Semiconductor Equipment ETF (588710) and its feeder funds (Class A 024974, Class C 024975) track the SSE STAR Market Semiconductor Materials and Equipment Theme Index, which selects listed company securities from the STAR Market that are involved in semiconductor materials and semiconductor equipment sectors. The index precisely targets upstream segments of the semiconductor industry chain and is positioned to benefit from the wave of domestic substitution in semiconductor equipment. Compared to the broader market selection scope, the index's focus on the STAR Market compilation scheme may further amplify its hard-tech characteristics while making the STAR Market Semiconductor Equipment ETF (588710) subject to a single-day 20% price fluctuation limit, providing greater flexibility.
As one of China's first ETF managers, Huatai-PineBridge Fund possesses over 18 years of ETF operational experience and has created benchmark products including the CSI 300 ETF (510300), A500 ETF Huatai-PineBridge (563360), and Dividend Low Volatility ETF (512890). According to exchange data, as of September 25, 2025, Huatai-PineBridge Fund's non-monetary ETF assets under management exceeded 575 billion yuan.
Note: As of September 25, 2025, according to exchange data, Huatai-PineBridge's non-monetary ETF assets under management totaled 575.101 billion yuan.
Risk Warning: Fund investments carry risks and should be approached with caution. When purchasing related fund products, please pay attention to investor suitability management regulations, conduct risk assessments in advance, and purchase fund products with risk levels matching your risk tolerance based on your own risk-bearing capacity. Past performance of funds does not predict future performance, and the performance of other funds managed by the fund manager does not guarantee the fund's performance. Please carefully read legal documents such as the fund contract, fund prospectus, and product summary before investing to understand the specific circumstances of the fund. The STAR Market Semiconductor Equipment ETF invests in the STAR Market and faces unique risks under the STAR Market mechanism due to differences in investment targets, market systems, and trading rules, including but not limited to risks of significant stock price volatility, liquidity risks, and delisting risks of STAR Market listed companies. This fund may invest in overseas securities markets and, in addition to bearing general investment risks similar to domestic securities investment funds such as market volatility risks, will also face special investment risks including exchange rate risks and overseas securities market risks. The index is compiled and calculated by China Securities Index Co., Ltd. ("CSI"), and its ownership belongs to CSI. CSI will take all necessary measures to ensure the accuracy of the index but makes no guarantees and bears no responsibility for any errors in the index.
Comments