Trading stocks requires reading Golden麒麟 analyst reports—authoritative, professional, timely, and comprehensive—to help uncover potential thematic opportunities! The A-share market has demonstrated remarkable strength, with the Shanghai Composite Index being particularly robust. Although it appeared to be a "false positive" as it declined by 0.07%, the index opened lower and climbed higher, still managing to refresh its 15-session consecutive gaining streak.
The broader market witnessed over 100 stocks hitting their daily limit-up for three straight days, with 3,730 stocks advancing, creating a strong profit-making atmosphere. Institutions once again stepped in as buyers, purchasing nearly 60 billion yuan worth of shares.
However, amidst this festive "Chinese New Year-like" atmosphere in the A-share market where "red envelopes" are being handed out, a pointed question arises: Out of these 15 consecutive positive sessions, how many have you actually benefited from? Has your portfolio's return this month managed to outperform the benchmark? Statistics reveal that since the start of 2026, the Shanghai Composite Index has gained 2.88%, the ChiNext Index has risen by 3.09%, the STAR Market Composite Index has surged 7.93%, the CSI 300 Index has increased by 2.33%, and the Dividend Index has climbed 1.38%. For investors with a high-risk appetite, speculating in sectors like commercial aerospace, brain-computer interfaces, controllable nuclear fusion, and non-ferrous metals is understandable. Those with a moderate risk tolerance might prefer investing in indices tracking the STAR Market, the China Semiconductor Index, humanoid robots, or commercial aerospace.
Conversely, for investors with a lower risk appetite who still wish to earn returns comparable to the benchmark (the overall market), allocating to benchmark indices such as the SSE 50, SSE 180, ChiNext Index, or CSI 300 could be a suitable strategy. Recently, foreign capital has continued its high allocation to Chinese assets. A team of strategists at Goldman Sachs, led by Kinger Lau, wrote in a report dated January 7th that they expect the MSCI China Index to rise by an additional 20% by the end of 2026 from its level at the end of 2025, while forecasting the CSI 300 Index to advance 12% to 5,200 points.
This implies that for investors with low-risk preferences, unsure of which specific assets to buy, or those fearing both chasing highs and missing market trends, considering broad-based ETFs tracking indices like the CSI 300, ChiNext Index, or STAR Market Composite could be an option. This discussion brings to mind a significant event in the ETF sphere.
On the evening of January 7th, the largest ETF in the A-share market underwent a name change, an event that quickly dominated headlines across the capital markets. The Huatai-PineBridge CSI 300 ETF officially changed its name to "CSI 300 ETF Huatai-PineBridge" effective January 9th. This ETF, with a latest size of 432.9 billion yuan, is the largest equity ETF by scale in the entire market.
The primary benefit of this new naming convention is believed to be its facilitation for fund investors in filtering products from specific fund companies, preventing them from getting lost amidst the complex and diverse product offerings. Seeing "CSI 300 ETF Huatai-PineBridge" immediately indicates it tracks the CSI 300 Index, is a listed product, and is a fund issued by Huatai-PineBridge. Data查询 shows that the scale of the CSI 300 ETF Huatai-PineBridge (510300) was only 130 billion yuan in 2023; it has since tripled, becoming the only ETF in the market exceeding 400 billion yuan. Core Chinese assets like Contemporary Amperex Technology Co., Limited (CATL), Ping An Insurance (Group) Company of China, Ltd., and Zhongji Innolight are among its top ten holdings. For investors bullish on the Shanghai and Shenzhen stock markets, buying the CSI 300 ETF, while unlikely to deliver extremely high returns, offers the distinct advantage of moving in line with the broader market. Recall the buzz last year surrounding the "relaunch" of Huatai Securities' AI-powered Zhang Le APP; now, Huatai-PineBridge Fund, in which Huatai Securities holds a stake, has formally renamed its flagship CSI 300 ETF. This move can be seen as another classic reinvention, a refreshing new start. Having been established for 13 years, the CSI 300 ETF Huatai-PineBridge has witnessed the investment journeys of countless investors.
Shifting focus from the CSI 300 ETF back to today's A-share market, it must be said that the primary themes in the initial days of 2026 have been exceptionally clear: commercial aerospace, controllable nuclear fusion, humanoid robots, chips/semiconductors, alongside the fluctuations in the non-ferrous metals sector. 1) Stocks related to the controllable nuclear fusion concept sparked a wave of limit-up rallies. The Wind Nuclear Fusion Index has surged over 11% year-to-date, following an impressive 83% gain last year. By the market close, ten stocks including Snowman Group, Aerospace Chenguang, China Nuclear Engineering, and Pylon Technologies Co., Ltd. hit the daily limit-up. Hekang New Energy, Hahan Hightech, and Tianli Composite soared over 10%, indicating a broad-based upward trend across the sector. The core driver behind the controllable nuclear fusion surge remains great power competition and the scramble for energy resources.
CITIC Securities stated that nuclear fusion is hailed as the ultimate energy source for humanity, offering vast long-term growth potential. In the short term, both domestic and international markets have entered a period dense with catalysts, leading to the judgment that the industry is currently primarily driven by significant events. With domestic capital expenditure being deployed orderly and overseas progress potentially exceeding expectations, the firm believes that from the perspective of major power competition, the long-term growth trend for the industry is established. As international and domestic facility construction accelerates, orders for component manufacturers are expected to be substantially released, reinforcing a firm positive outlook on the sector. China Merchants Securities expressed that overall, nuclear fusion has become an important strategic development direction for China. Currently, the construction of various fusion devices in China is steadily progressing. The analysts believe that events such as the ignition of China's BEST device in 2027, the U.S. Helion device connecting to the grid to supply power to Microsoft in 2028, and Google's 200-megawatt power purchase agreement with CFS in the 2030s are likely to reignite market focus on the sector, making related companies in the industrial chain still worthy of attention.
2) On January 8th, GPU-related concept stocks strengthened significantly, with Moore Threads, MetaX, Cambricon, among others, experiencing strong gains. Moore and Hygon surged over 8%. The sector's strength is underpinned by: restrictions targeting Japan and rumors regarding the procurement permissions for H200 GPUs, both reinforcing the logic of domestic substitution; stimulus from the successive launches of domestic large language models like Zhipu and Minimax; and the official release of version 1.1 of Moore Threads' open-source large model distributed training simulation tool, SimuMax.
3) Undoubtedly, the most talked-about and sharply rising sector remains commercial aerospace. Recently, Chen Xiaoqun's portfolio was reportedly heavily concentrated in commercial aerospace stocks, while another prominent investor, Zhang Mengzhu, aggressively entered a position in China Satellite. Today, a widely circulated screenshot suggested: "If you can't hold onto commercial aerospace stocks, consider this option – go in for 15 days and your account might double." This might be the only method to prevent you from selling too early on short-term fluctuations.
Speaking of commercial aerospace, one must mention Chen Xiaoqun, arguably the most steadfast hot money investor in the sector since the New Year. Reports earlier indicated his portfolio was almost entirely allocated to commercial aerospace, allegedly generating daily profits of 150 million yuan (figures may vary; calculations were provided on January 7th).
Today, he entered another commercial aerospace stock – Goldwind Science & Technology Co., Ltd. This stock saw a strong limit-up rally towards the market close, with Chen Xiaoqun making a net purchase of 380 million yuan. The stock has already surged 42% this month. Concurrently, Zhang Mengzhu sold approximately 130 million yuan worth of shares.
This development inevitably leads to the concept of "commercial aerospace IPO concept stocks," with companies like LandSpace, which have completed listing guidance, taking the lead. Community platform statistics indicate collaborations with companies such as Super Energy, Pylon, China Satellite, and Western Metal Materials; while companies holding stakes include Luxin Venture Capital Group, Goldwind Science & Technology Co., Ltd., and Zhangjiang High-tech. Among these, Goldwind holds a 10% stake, and Zhangjiang High-tech has invested 1.5 billion yuan.
Another incident involving Chen Xiaoqun has drawn attention. Apparently buoyed by substantial profits, he appears to be turning philanthropist. An investor commented, "Can you help push up Tongyu Communication Inc. in the afternoon? I want to buy a watch for my mom." Subsequently, the stock experienced two consecutive limit-up rallies on the following days. Chen Xiaoqun even responded, "Was the wish fulfilled?"
Of course, as previously noted, share prices of many companies in the commercial aerospace sector have seen significant increases, prompting several firms to issue risk warnings. Investors are advised to carefully manage their position sizes. The fundamental performance of these companies is certainly not strong yet, given the technology is not fully operational, thus fundamental analysis is omitted here. Today, Chen Xiaoqun sold 46 million yuan worth of Tongyu Communication Inc. However, other prominent investors like Zuoshou Xinyi and Zhang Mengzhu entered positions, buying 190 million yuan and 220 million yuan worth, respectively. Commercial aerospace has effectively become a "cash machine" for these hot money investors.
Therefore, if investors are apprehensive about high valuations or are risk-averse, they might consider allocating to broad-based index ETFs like the CSI 300 ETF Huatai-PineBridge. Alternatively, investing in thematic index ETFs or over-the-counter funds focusing on areas like robotics or commercial aerospace could be options. Risk Disclosure: This article is intended for communication and exchange purposes only and does not constitute investment advice. Any losses resulting from actions taken based on this content are the sole responsibility of the investor.
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