On September 24, Jia Shi Fund launched two major new products within its AI industry chain lineup: the STAR Chip Design ETF Jia Shi (589480), which began trading on the Shanghai Stock Exchange, and one of the first batch of ChiNext computing power themed ETFs, the ChiNext Computing Power ETF Jia Shi (158056), which debuted on the Shenzhen Stock Exchange. The listing of these two ETFs further enriches and completes Jia Shi's "Super ETF" industry theme toolkit, potentially offering investors a more efficient and transparent one-stop allocation vehicle for targeting various segments of the AI industry chain.
Among them, the STAR Chip Design ETF Jia Shi (589480) tracks the Shanghai Stock Exchange STAR Market Chip Design Theme Index (referred to as the "STAR Chip Design" index, code 950162). This index selects listed company securities involved in the chip design sector on the STAR Market as its index constituents, reflecting the overall performance of listed companies in the STAR Market's chip design field. With its high-purity focus on the design segment, precise coverage of leading assets, and the efficiency of the ETF structure, the STAR Chip Design ETF Jia Shi (589480) is positioned as a high-quality choice for investors looking to capture the high-value segments of the chip industry chain and participate in the growth opportunities of core domestic computing power assets.
Chips form the physical foundation of the digital economy. From silicon sand to a finished product, a chip goes through several stages: materials and equipment, design, manufacturing, and packaging and testing. Among these, chip design is the segment with higher technical intensity and richer added value. Acting as the "pick-and-shovel seller" of the AI industry chain, it has become the core value proposition in the current market cycle. According to research from Sinolink Securities, the sustainability of AI computing power demand, the certainty of the memory supercycle, and the acceleration of domestic substitution constitute the three key pillars supporting the current investment thesis for the chip design sector. These three factors are expected to remain relevant through the second half of 2026 into 2027.
The STAR Chip Design Index, as a high-purity vehicle for the chip design segment, holds constituents that should continue to benefit from this industrial opportunity driven by AI, underpinned by supply constraints, and amplified by domestic substitution. Given the strong industry momentum in chip design, the investment appeal of the STAR Chip Design ETF Jia Shi (589480) is clear. Sinolink Securities highlights three core strengths: first, its pure focus, as all constituents of the index are from the STAR Market and focused on chip design, with high "chip content" and "design purity," while the 20% price fluctuation limit on the STAR Market provides greater offensive flexibility; second, its precise market alignment, as based on Wind data as of August 18, the top ten weighted holdings of the index account for over 60% of the total, with nearly half of that weight covering the high-growth areas of AI computing power and storage, closely matching current industry trends; and third, its strong tool attributes, as the ETF format allows for real-time trading, diversifies single-stock risk, and lowers the typically high 500,000 yuan investment threshold required for direct STAR Market access. Additionally, Jia Shi Fund's established position and service capabilities in hard-tech index investing provide solid operational support for the product.
Across the AI industry chain, Jia Shi Fund has already built a comprehensive ETF product matrix covering the "Energy-Chip-Infrastructure-Model-Application" five-layer AI framework. It stands as one of the most complete ETF providers in the industry for AI chain coverage, with multiple products ranking among the top in both scale and liquidity. In the chip segment, in addition to the newly listed STAR Chip Design ETF Jia Shi (589480), there is also the STAR Chip ETF Jia Shi (588200) which covers the broader chip industry chain. This latter fund tracks the Shanghai Stock Exchange STAR Market Chip Index, covering design, manufacturing, equipment, materials, and packaging and testing. It is currently the largest ETF among those tracking the same index, maintaining superior tracking accuracy and liquidity levels over the long term. This also underscores Jia Shi's leading position in hard-tech index investing, offering proven management and operational experience that can be replicated for the STAR Chip Design ETF Jia Shi (589480).
Note: ETFs do not charge subscription or redemption fees or sales service fees; trading commissions are subject to the standards set by securities firms. ETF scale data is from Wind as of September 22, 2026, with the STAR Chip ETF Jia Shi reaching a scale of 51.587 billion yuan, the largest among the 11 ETFs tracking the Shanghai Stock Exchange STAR Market Chip Index in the market.
Risk Disclosure: Funds carry risks, and investment requires caution. Investors should review legal documents such as the Fund Contract, Prospectus, and Product Overview to understand the risk-return characteristics, especially specific risks, and determine whether the investment aligns with their own investment objectives, experience, and risk tolerance. The fund manager commits to managing fund assets with integrity, diligence, and prudence, but does not guarantee profits or the protection of principal. Past performance does not predict future results, and the performance of other funds does not constitute a guarantee of this fund's performance. This product is issued and managed by Jia Shi Fund Management Co., Ltd., and distribution institutions do not bear responsibility for product investment, redemption, or risk management.
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