During morning trading on September 15, the semiconductor industry chain led A-share gains following weekend catalyst news. On September 12 local time, the U.S. Department of Commerce BIS added 23 Chinese entities to the Entity List, primarily targeting 13 semiconductor companies. On September 13, China initiated an anti-discrimination investigation regarding U.S. measures in the integrated circuit sector, with potential for corresponding countermeasures based on actual circumstances. (Data Source: Wind)
The China-Korea Semiconductor ETF (513310) showed strong upward momentum with active trading during morning hours on September 15. Wind data indicates that as of 13:40, daily trading volume exceeded 3.3 billion yuan. Since September (9/1/25-9/12/25), average daily trading volume surpassed 2.8 billion yuan, representing significant growth compared to the 575 million yuan average from early 2025 through August (1/2/25-8/29/25), demonstrating heightened market attention.
Driven by strong fund flows and continued semiconductor industry strength, the China-Korea Semiconductor ETF (513310), which supports intraday T+0 trading, has achieved over 70% scale growth in the past month, reaching 994 million yuan and approaching the 1 billion yuan milestone, combining substantial scale with liquidity advantages. (Data Sources: Exchange, Wind; scale was 582 million yuan on 8/12/25, as of 9/12/25)
The China-Korea Semiconductor ETF (513310) tracks the CSI Korea Exchange China-Korea Semiconductor Index, selecting 15 listed securities from both Chinese and Korean markets through market capitalization weighting, focusing on companies involved in semiconductor design, manufacturing, applications, and equipment production, capturing leading semiconductor enterprises from both nations. As of Q2 2025, the index's top five constituents include SK Hynix, Samsung, SMIC, Naura, and Hygon Information, all recognized leaders in China-Korea semiconductor sectors. (Data Sources: Bloomberg, Wind, CSI Index Company, as of 6/30/25; individual stocks mentioned solely to display top five index constituents, not stock recommendations or investment advice)
Regarding valuation, the China-Korea Semiconductor Index currently trades at only 16.5x P/E, positioned at the 55.70% historical median since index launch (12/20/21), offering significant valuation advantages compared to the CSI Semiconductor Index (99.45%) and CSI All Share Semiconductor Index (99.01%) percentile levels, suggesting considerable valuation recovery potential. (Data Source: Wind, as of 9/12/25)
Concerning the U.S. Entity List additions and China's countermeasures including anti-discrimination investigations regarding U.S. integrated circuit measures, research analysis suggests that while U.S. semiconductor restrictions on China may intensify, their effectiveness will gradually diminish, potentially accelerating domestic substitution in China's AI and semiconductor industries. Key focus areas include foundry services, computing chip design, domestic equipment and components, and advanced packaging. (9/15/25 Semiconductor Research: "U.S. Expands Entity List, China Initiates Anti-Discrimination Investigation, Domestic Substitution Benefits Continue")
As the first China-Korea co-compiled index ETF domestically, the China-Korea Semiconductor ETF (513310) combines "scarcity" with "hard technology" attributes. Semiconductors occupy the pinnacle of electronic information industry chains with significant strategic importance. As global competition in high-end computing chips intensifies, China's semiconductor industry upgrade and autonomy processes accelerate, potentially opening long-term growth opportunities for related industry chains. Additionally, semiconductors represent Korea's advantageous industry with substantial scale and strong representation. The China-Korea Semiconductor ETF (513310) may help capture development opportunities from leading semiconductor enterprises in both countries. (China-Korea Semiconductor ETF established 11/2/2022)
The China-Korea Semiconductor ETF (513310) is managed by E Fund Management, one of China's first ETF managers with over 18 years of ETF operational experience, having created benchmark products including CSI 300 ETF (510300), A500 ETF E Fund (563360), and Dividend Low Volatility ETF (512890). Exchange data shows that as of September 12, 2025, the firm's ETF assets exceed 560 billion yuan, ranking among industry leaders.
With global AI infrastructure development accelerating, the semiconductor industry chain stands to benefit from rising AI demand and domestic substitution processes, showing significant industry prosperity trends. Through the China-Korea Semiconductor ETF (513310) supporting intraday T+0 trading and its off-exchange feeder funds (Class A 019454/Class C 019455), investors may capture high-growth opportunities in the semiconductor industry chain.
Note: T+0 refers to exchange trading mechanisms.
Risk Warning: Fund investment carries risks; invest cautiously. For purchasing related fund products, please observe investor suitability management regulations, conduct risk assessments in advance, and purchase risk-level appropriate fund products matching your risk tolerance. Past fund performance does not predict future results; performance of other funds managed by the fund manager does not guarantee this fund's performance. Please carefully read legal documents including fund contracts, prospectuses, and product summaries before investing to understand fund specifics. This fund may invest in overseas securities markets and faces not only general investment risks similar to domestic securities investment funds such as market volatility, but also special investment risks including exchange rate risk and overseas securities market risks. The index is compiled and calculated by China Securities Index Co., Ltd. ("CSI"), with ownership belonging to CSI. CSI will take all necessary measures to ensure index accuracy but makes no guarantees and bears no responsibility for any index errors.
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