On August 27, the domestic AI industry chain showed strong performance, with semiconductor leaders leading gains. Montage Technology surged over 8%, Giantec Semiconductor rose more than 6%, Hygon Information advanced over 5%, while VeriSilicon, Moore Threads, Fudan Microelectronics, and Cambricon also followed with gains. The underlying index of the HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC (589520) (the Shanghai Stock Exchange Science and Technology Innovation Board AI Index) climbed more than 2.8% intraday and currently stands at 2.38%. Since dipping to its yearly low on August 24, the index has risen consecutively, eyeing a three-day winning streak, possibly signaling a right-side turning point.
On the news front, August 26 saw Z.AI announce the launch and open-sourcing of GLM-5.3-Flash. According to the company, this marks the first native multimodal model in the GLM-5 series, offering competitive pricing and high cost-performance. The company previously tested an anonymous model named "Ox-Alpha" on OpenCode and OpenRouter platforms, receiving strong feedback and breaking related call volume records. Z.AI noted that all request traffic during the Ox-Alpha testing phase was powered by domestic chips. Huayuan Securities pointed out that domestic AI large models are entering an accelerated development phase, potentially driving both market space growth and penetration rate increases for domestic computing power. The firm remains bullish on the sector's high prosperity, recommending attention to domestic chips, CPUs, ODM manufacturers, and IDC providers.
Worth noting, on August 22, the 2026 China Green Computing Power Conference opened in Hohhot, showcasing the construction achievements, long-term plans, and industrial project signings of the Inner Mongolia computing hub. During the conference, 13 projects from leading industry chain companies, including Volcano Engine and China Data Group, were signed, with a total investment of 136.1 billion yuan. These projects span the entire chain—computing equipment, computing centers, and token factories—marking a key step in building the national integrated computing network at the Inner Mongolia hub. CITIC Securities research noted that these billion-yuan projects, combined with the long-term plan for 2 million P of computing power by 2030 and the trend toward independent and controllable computing power industry, present clear growth opportunities for the domestic computing power chain. As 10,000-card intelligent computing clusters accelerate deployment alongside supply chain security and self-reliance requirements, demand for domestic AI chips, general-purpose computing chips, and server systems continues to grow, driving volume across the upstream chip, board, and system segments.
The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC (589520), along with its feeder funds (Feeder A: 024560, Feeder C: 024561), focuses on the domestic AI industry chain. Its constituents include 30 larger-cap STAR Market companies providing foundational resources, technology, and application support for AI. Semiconductor industry weight accounts for 70.4%, offering strong offensive characteristics, with GPU concept stocks and AI application concept stocks weighting 41.98% and 23.19%, respectively. With a 20% price fluctuation limit, the ETF provides low-threshold access to the Sci-Tech innovation track. Additionally, it is eligible for margin trading and short selling, serving as an efficient tool for one-stop domestic computing power allocation.
Note: GPU concept and AI application concept weightings compare against the GPU Index (8841701.WI) and AI Application Index (980112.CNI). Source: Shanghai and Shenzhen Stock Exchanges, as of August 25, 2026. ETF fee details: The ETF does not charge sales service fees. Subscription and redemption agents may charge commissions up to 0.5% standard, including fees from stock exchanges and registration institutions. On-exchange trading fees are subject to actual charges by securities firms.
Risk disclosure: The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC (589520) passively tracks the Shanghai Stock Exchange Science and Technology Innovation Board AI Index, with a base date of December 30, 2022, and release date of July 25, 2024. Index constituent composition adjusts per its methodology, and historical backtest performance does not indicate future index performance. Stocks and index constituents mentioned herein are for illustration only and do not constitute investment advice in any form, nor do they represent holdings or trading activity of any fund under the manager. The fund manager assesses the risk level of this ETF as R4 (medium-high risk), suitable for aggressive (C4) and above investors; suitability matching opinions are subject to sales institutions. Any information appearing in this article (including but not limited to stocks, comments, forecasts, charts, indicators, theories, and any forms of expression) is for reference only. Investors are solely responsible for their independent investment decisions. Furthermore, any views, analyses, or forecasts herein do not constitute investment advice to readers and do not assume liability for direct or indirect losses arising from the use of this content. Fund investment carries risks; past performance does not represent future results, and performance of other funds under the manager does not guarantee fund performance. Invest cautiously.
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