China Launches Second Batch of Qianfan Constellation Satellites with 18-in-1 Rocket, General Aviation ETF Hua Bao Target Index Surges Nearly 4%, Chenxi Aviation Hits 20CM Limit Up

Deep News10-16

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On the morning of October 16, the aerospace and aviation sector saw unusual upward movement, with Xi'An Chenxi Aviation Technology Corp.,Ltd. (300581) and Wanfeng Auto Holding hitting the daily limit up together, while China Science Xingtu and CITIC Offshore Helicopter rose more than 5%. The target index of the one-click布局 General Aviation ETF Hua Bao (159231), covering commercial aerospace, satellite navigation, low-altitude economy, and large aircraft, surged nearly 4% during intraday trading and is currently up 2.32%.

Figure 1: Top 10 intraday gainers among constituent stocks of the General Aviation ETF Hua Bao (159231) target index

On the news front, on October 15, China used a Long March 6A modified carrier rocket at the Taiyuan Satellite Launch Center to send the second batch of "Qianfan Constellation" networking satellites into their designated orbits in an 18-in-1 launch format, bringing the total number of in-orbit networking satellites to 36. On the same day, the Ministry of Industry and Information Technology innovated its satellite frequency and orbit resource management methods by issuing space radio service licenses to the "Qianfan Constellation" in batches, further strengthening the coordinated management of frequency and orbit resources.

In addition, on October 14, Blue Arrow Aerospace's Zhuque-2 improved Y4 rocket launched 10 satellites including Guoxing Aerospace's Xing Shidai from the Dongfeng Commercial Aerospace Innovation Test Zone into their designated orbits. Among them were 8 space intelligent computing satellites (with single-satellite computing power reaching 10 POPS), which after networking will form an in-orbit distributed computing power cluster, marking China's space computing power transitioning from technical demonstrations to batch deployment.

Great Wall Securities pointed out that as the industry's commercialization process continues to accelerate, related satellite communication application scenarios are gradually being implemented. Against the backdrop of increasing future commercial aerospace satellite launch frequency and gradually maturing rocket reuse technology, it is optimistic about the commercial aerospace rocket and satellite-related industry chains and component suppliers. Longhua Securities noted that recently, progress in the satellite internet and commercial aerospace sectors has been密集, and the global space race is expected to accelerate, potentially driving increased demand across related industry chains.

Wings of a great nation, grand prospects unfold! The General Aviation ETF Hua Bao (159231) and its feeder funds (Class A: 024766; Class C: 024767) target index comprehensively covers 50 aerospace constituent stocks, encompassing popular sectors such as low-altitude economy, commercial aerospace, satellite navigation, large aircraft, drones, and military aircraft. Among these, low-altitude economy concept exposure exceeds 90%, commercial aerospace exposure exceeds 60%, and satellite navigation concept exposure exceeds 45%, making it a powerful tool for one-click allocation to China's aerospace industry chain.

Recent market volatility may be significant, and short-term gains or losses do not predict future performance. Fund investments may result in losses. Investors are urged to invest rationally based on their own financial conditions and risk tolerance, and to pay close attention to position and risk management. According to the fund manager's assessment, the risk level of the General Aviation ETF Hua Bao (159231) is R3-Medium Risk, suitable for balanced-type (C3) and above investors. The suitability matching opinion should be subject to the sales institution.

Data source: Shanghai and Shenzhen Stock Exchanges, iFind. The related concepts are respectively 886067.TI Low-Altitude Economy, 886078.TI Commercial Aerospace, 885574.TI Satellite Navigation. The related concept exposure refers to the combined weight of constituent stocks shared between the General Aviation Index and the above concept indices, as of September 30, 2026.

Fund fee description: The General Aviation ETF does not charge a sales service fee. Subscription and redemption agents may charge a commission of no more than 0.5%. On-exchange trading fees are subject to the actual charges of the securities company. The subscription fee for General Aviation ETF Hua Bao Feeder A is: 1,000 yuan per transaction for amounts above 2 million yuan; 0.6% for 1-2 million yuan; 1% for amounts below 1 million yuan. The redemption fee is: 1.5% for holding periods under 7 days; 0% for 7 days or more. No sales service fee is charged. The redemption fee for General Aviation ETF Hua Bao Feeder C is 1.5% for holding periods under 7 days; 0% for 7 days or more. The sales service fee is 0.25% per year. Fund management fee: 0.5% per year; fund custody fee: 0.1%. Fund fee rates are detailed in each fund's legal documents.

Institutional reference views source: Great Wall Securities 20261012 "Humanoid Robot Competition Transformation, Commercial Aerospace In-Orbit Verification"; Longhua Securities 20261012 "Global Space Race Expected to Accelerate, Focus on Commercial Aerospace Industry Chain Opportunities."

Risk disclosure: General Aviation ETF Hua Bao passively tracks the Guozheng General Aviation Industry Index. The index base date is June 29, 2012, and the release date is December 28, 2012. The constituent stocks of the index are adjusted in a timely manner according to the index compilation rules. Its back-tested historical performance does not predict future index performance. The index constituent stocks mentioned in this article are for display purposes only. Individual stock descriptions do not constitute investment advice in any form, nor do they represent the holdings or investment activities of any fund under the manager. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors must be responsible for their own investment decisions. In addition, any views, analyses, and forecasts in this article do not constitute investment advice in any form to readers, nor shall they bear any responsibility for direct or indirect losses caused by the use of the content of this article. Fund investment involves risks. Past performance of a fund does not represent its future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. Fund investment requires caution.

MACD golden cross signal formed, these stocks are rising well!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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