Recently, with the successive release of the "15th Five-Year Plan" outlines by all 31 provincial-level regions in China, the development path for emerging industry tracks centered on "new quality productive forces" has been clarified. Data from the Intelligent Economy Development Research indicates that by 2030, the core industrial scale of China's intelligent economy is projected to reach 126 trillion yuan, while the core industrial scale of commercial aerospace is expected to hit 16.7 trillion yuan. Against this backdrop, the FOC Core Intelligent Selection Hybrid Fund (Class A: 027681 / Class C: 027698) under FOF Asset Management is now open for subscription. Managed by fund manager Wu Dongdong, the fund focuses on technology sectors related to new quality productive forces, aiming to uncover structural opportunities in segments such as AI hardware, semiconductors, and robotics, thereby sharing in the growth dividends of emerging industries.
New Tracks Gearing Up for Growth, Technology Sector Holds Long-Term Investment Value
According to the "15th Five-Year Plan" outlines released by the 31 provinces, integrated circuits, aerospace, biomedicine, low-altitude economy, new energy storage, and intelligent robotics have been designated as emerging pillar industries. The National Development and Reform Commission has previously affirmed the strategic importance of these six major industries. Research from the Chinese Academy of Social Sciences' Institute of Industrial Economics shows that the output value of these six emerging pillar industries was already close to 6 trillion yuan in 2025 and is expected to surpass 10 trillion yuan by 2030.
Simultaneously, the artificial intelligence industry is accelerating its evolution from technological breakthroughs to large-scale application. In 2025, the core industrial operating revenue of China's intelligent economy reached 4.77 trillion yuan, with a three-year compound annual growth rate exceeding 54%. It is projected to reach 12.6 trillion yuan by 2030, accounting for 25.1% of the digital industry's business revenue. In the commercial aerospace sector, the core industrial scale is expected to see a compound annual growth rate of approximately 11% during the "15th Five-Year Plan" period. The certainty of these industrial trends provides fundamental support for long-term investment. However, significant differences exist among various sub-sectors in terms of development stage, competitive landscape, and the pace of earnings realization, placing higher demands on investors' industry research and stock selection capabilities.
Navigating Market Divergence: Specialized Stock Selection and Flexible Allocation are Key
The simultaneous flourishing of multiple new industry tracks means that investment strategies solely betting on a single hot direction face significant volatility risks in a structurally diverging market. The career path and investment methodology of Wu Dongdong, the proposed fund manager for the FOC Core Intelligent Selection Fund, may be well-suited to adapt to this market characteristic. Wu Dongdong holds a bachelor's degree in mechanical engineering from Tongji University and a master's degree from Shanghai Jiao Tong University. He previously worked as a mechanical engineer before transitioning to securities research, joining FOF Asset Management in 2019. His investment research circle covers multiple industries including machinery, new energy, chemicals, coal, steel, non-ferrous metals, and utilities.
In portfolio construction, Wu Dongdong does not concentrate bets on a single sector. He typically diversifies holdings across 4 to 5 sub-sectors with relatively high expected returns, maintaining relatively flexible individual stock positions. His portfolio management approach draws on the principles of the Kelly criterion, comprehensively weighing the probability of success and the potential payoff of investment targets. Regarding stock selection criteria, so-called "growth stocks" are not confined to specific industries but are defined as companies whose earnings are expected to double within three years, regardless of whether they belong to traditional manufacturing or emerging technology. Historical operations show that in 2022, Wu Dongdong focused on coal mining machinery equipment, and after 2023, he turned attention to areas like transformer exports, which had relatively low market attention at the time, demonstrating an ability to uncover undervalued, high-certainty opportunities. Continuous industry tracking and frequent on-site research are important methods for him to accumulate cognitive advantages and identify value earlier than the market. This methodology is expected to continue to be effective in the current landscape of new industry tracks represented by AI hardware, semiconductors, and robotics, helping to unearth investment opportunities with long-term growth potential.
Focus on Technology: AI Hardware, Semiconductors, Robotics, and Other Directions Warrant Attention
The currently open FOC Core Intelligent Selection Fund will allocate investments around technology tracks related to new quality productive forces, with a key focus on AI hardware (liquid cooling, optical modules, power supplies), memory and semiconductor equipment, domestically produced humanoid robots, as well as AI applications, commercial aerospace, and other directions. Among these, several sub-sectors have already shown clear industrial trends:
First, AI hardware benefits from the global expansion of computing power demand, with a clear trend of order volume growth. Second, domestically produced humanoid robots are entering their first year of mass production in 2026, with the industrial chain expected to mature rapidly. Third, memory and semiconductor equipment are being driven by cyclical recovery and accelerated domestic substitution. Fourth, AI applications (such as in advertising and healthcare) are accelerating their implementation. Additionally, commercial aerospace is in a breakthrough stage from zero to one.
In the 2026 Q1 report, Wu Dongdong stated: "Although the US-Iran war has significantly impacted market risk appetite, the business models for large AI models continue to be optimized. Investment enthusiasm for AI remains high both domestically and internationally, and the investment opportunities in liquid cooling, optical modules, and power supplies remain substantial. At the same time, leading domestic robot manufacturers achieved solid operational results in 2025, allowing us to see the potential for an explosive growth in the domestic robotics industry chain."
Currently, structural divergence is intensifying, and trading concentration in popular sectors has reached historically high levels. The emphasis on emerging pillar industries in the "15th Five-Year Plan" outlines provides clear policy guidance for related tracks. Against this backdrop, the currently open FOC Core Intelligent Selection Fund offers investors a new option for positioning in the long-term opportunities presented by new industries and tracks.
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