High-Tech Sector Adds 9.5% Value in H1, STAR 50 ETF (588080) Scales Yearly Peak at 63B Yuan

Market Watcher07-16

At market close, key indices tracking China's innovation board posted robust gains: the SSE STAR Market Growth Index climbed 1.2%, while the STAR 100 Index advanced 0.6%. The benchmark SSE STAR 50 Index edged up 0.4%, complemented by a 0.3% rise in the Science and Technology Innovation Composite Index. Wind data reveals a striking capital influx into the STAR 50 ETF (588080), attracting over 1 billion yuan net inflows across ten trading sessions. This surge propelled its assets under management beyond 63 billion yuan, marking the fund's highest scale this year. National Bureau of Statistics reports highlight a 9.5% year-on-year expansion in high-tech industrial value during the first half. Regions nationwide accelerated new quality productive forces tailored to local advantages, amplifying synergy between technological breakthroughs and industrial upgrades. Emerging sectors, cutting-edge technologies, and novel business models sustained vigorous growth momentum.

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