Today, the market welcomed a long-awaited strong rally. In the morning session, the market edged higher before surging sharply in the afternoon, driven by a collective surge in the brokerage sector, which boosted market sentiment. The CPO (Co-Packaged Optics) concept remained strong throughout the trading day. By the close, all three major stock indices had risen over 1%!
Focusing on A-share core assets, the CSI A500 ETF Huabao (563500), the only broad-based ETF with the ticker ending in 500, showed a moderate performance in the morning before skyrocketing in the afternoon. It closed with a substantial gain of over 2% on heavy trading volume, firmly standing above all moving averages, with intraday turnover reaching 358 million yuan. Notably, the ETF maintained a premium throughout the day, indicating strong buying interest.
Among the index constituents, Tianhua New Energy surged over 14%, while Meinian Health, Accelink Technologies, Envicool, and Shennan Circuits hit their daily limit-up. Among the top 10 weighted stocks, "CPO leader" Eoptolink Technology Inc.,Ltd. and Zhongji Innolight rose 9.55% and 6.92%, respectively.
On the capital front, data shows that inflows into the next-generation core broad-based CSI A500 thematic ETFs have accelerated significantly since December. As of December 16, the CSI A500 thematic ETFs have seen net inflows exceeding 22 billion yuan this month.
China Merchants Securities believes that 2026, as the first year of China's 15th Five-Year Plan and a U.S. midterm election year, will form a critical policy resonance. Against the backdrop of decent returns over the past two years and a shortage of medium-to-high-yield assets, A-shares are expected to continue attracting large-scale net inflows, providing liquidity support for a slow bull market. Investment strategies should focus on "style rotation for cyclical opportunities and dual drivers for long-term growth," with opportunities revolving around "domestic demand recovery" and "technological self-reliance."
Industry experts note that regulators' continued efforts to channel medium- to long-term funds into the market will help boost confidence and improve the capital market ecosystem. From the perspective of long-term capital preferences, large-cap, high-dividend stocks and core broad-based ETFs are likely to benefit. Among them, the CSI A500 Index, as the next-generation flagship broad-based index, is poised to become an optimal choice for patient capital allocation, both in terms of policy dividends and investment experience.
[Multi-Dimensional Opportunities in A-Share Core Assets: The "3A" ETF Dragon Team] The ETF Dragon Team comprises three flagship broad-based ETFs under the CSI "A-Series," offering investors diversified options for one-click allocation to China's core "new" assets: - Lucky A500: CSI A500 ETF Huabao (563500), the broad-based flagship with ticker ending in 500, for one-click investment in A-share "Top 500." - Core A100: CSI A100 ETF Fund (562000), the largest in its category, for one-click investment in top 100 industry leaders. - Beautiful A50: A50 ETF Huabao (159596), the benchmark for core assets, for one-click investment in 50 ultra-core leaders.
Currently, all three "A-Series" ETFs are margin trading eligible, allowing leveraged funds to participate. Among them, the CSI A100 ETF Fund (562000) and A50 ETF Huabao (159596) are also eligible for Stock Connect, enabling northbound capital to invest.
Notably, investors without securities accounts can access these opportunities through the CSI A500 ETF Link Fund (Class A: 019510; Class C: 019511) to invest in the top 500 core A-share companies.
Special reminder: Recent market volatility may be high, and short-term gains or losses do not indicate future performance. Investors must make rational decisions based on their financial situation and risk tolerance, paying close attention to position and risk management.
Note: "Peer" refers to ETFs tracking the same underlying index. According to exchange data, as of November 30, 2025, there are 14 ETFs linked to the CSI A100 Index, with the CSI A100 ETF Fund (562000) being the largest at 671 million yuan.
Risk Disclosure: Investors should carefully review margin trading rules, contracts, and risk disclosures before participating, assessing their financial capability to avoid unbearable losses. The CSI A500 ETF Huabao and its link fund passively track the CSI A500 Index (base date: December 31, 2004; launch date: September 23, 2024). The CSI A100 ETF Fund tracks the CSI A100 Index (base date: December 30, 2005; launch date: May 29, 2006). A50 ETF Huabao tracks the CSI A50 Index (base date: December 31, 2014; launch date: January 2, 2024). Index constituents are adjusted per rules, and past performance does not guarantee future results. The funds are managed by Huabao Fund, with distributors not responsible for investment, redemption, or risk management. Investors should read fund documents to understand risks and invest accordingly. The funds are rated R3 (moderate risk) and suitable for balanced (C3) or higher risk tolerance investors. Sales institutions may provide differing suitability opinions, but their risk ratings cannot be lower than the manager's. Fund risk-return characteristics may differ from risk ratings. Investors should assess risks independently. CSRC registration does not guarantee returns. Past performance does not predict future results. Investing involves risks.
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