Today (November 19), the technology self-sufficiency sector showed strong momentum, with the Dual-innovation Leaders ETF (588330), which fully allocates to high-quality productive forces, rising 1.36% in intraday trading.
Breaking it down by sector, the top three optical module companies led the charge: Zhongji Innolight Co.,Ltd. surged over 5%, while New East and TFC climbed more than 3% and 2%, respectively. The new energy sector also performed well, with CATL up over 2%, and Eve Energy and Sungrow rising more than 1%.
On the policy front, the new five-year plan emphasizes technological self-reliance. China Securities Co., Ltd. highlighted that "new quality productive forces" have been included in the planning framework for the first time. Zheshang Securities noted that under the priority of high-quality development, accelerating high-level technological self-reliance and fostering new productive forces will be the top policy focus.
Galaxy Securities pointed out that developing new productive forces is a key task during the five-year plan period, as China accelerates the shift from old to new growth drivers. Amid rising external uncertainties, the urgency for technological self-sufficiency is increasing, making tech investments a strategic priority aligned with national security. Companies with genuine technological barriers and alignment with national strategies may become a major investment theme in A-shares under the new five-year plan. Industries related to new productive forces are expected to achieve breakthroughs and rapid growth, driving both valuation and earnings expansion.
SWS Research believes that A-shares' sustainable breakthrough ultimately depends on technology leadership. Guosen Securities noted that during rapid market rallies, leading sectors often emerge from dominant industries—such as "Internet+" in early 2015 and new energy vehicles in 2021. Looking ahead, the tech sector remains a favored investment theme.
[Investing in China's "Nasdaq": Key Features of Dual-innovation Leaders ETF (588330)] 1. Cross-market diversification, 100% focused on strategic emerging industries: The underlying index selects 50 large-cap strategic emerging companies from the STAR Market and ChiNext, covering high-growth leaders in sectors like new energy, photovoltaics, optical modules, semiconductors, and medical equipment. 2. Growth-oriented "battle-ready fund": In the context of global tech competition, self-reliance and supply chain security have become critical, positioning China's tech sector as a potential "Nasdaq equivalent." 3. High-beta tool for tech rallies: With a 20% daily price limit, the index is well-suited for rapid rebounds. Compared to direct investments in STAR or ChiNext stocks, the ETF offers lower entry barriers—starting with less than 100 yuan at current prices. 4. Aggressive beta capture: Since the recent low (April 8), the Dual-innovation Leaders ETF's underlying index has surged 79.33%, outperforming major benchmarks like the ChiNext Index (69.83%), STAR Composite (53.29%), and STAR 50 (46.93%).
Data range: April 8, 2025 – November 18, 2025.
Risk Disclosure: The Dual-innovation Leaders ETF tracks the CSI Science and Technology Innovation 50 Index (base date: December 31, 2019; launch date: June 1, 2021). The index's annual returns from 2020–2024 were 86.90%, 0.37%, -28.32%, -18.83%, and 13.63%, respectively. Constituent stocks are adjusted per index rules, and past performance does not guarantee future results. Mentioned stocks are for illustrative purposes only and do not constitute investment advice or reflect fund holdings. The fund is rated R4 (high risk) and suitable for aggressive (C4) investors. Investment decisions carry risks; past performance does not indicate future returns.
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