On November 9, commercial aerospace led gains strongly. The tracking index of the Huabao General Aviation ETF (159231), which offers one-click exposure to commercial aerospace, satellite navigation, low-altitude economy, and large aircraft, rose more than 3% during intraday trading and is poised to extend its winning streak to six consecutive sessions. Among constituent stocks, Tianyin Electromechanical surged over 10%, China Spacesat Co.,Ltd. (ASX: 600118) hit the daily limit up, while Aerospace HuanYu, Guanglian Aviation, Aerospace Electronics, and several other stocks climbed more than 8%. Figure 1: Top 10 intraday gainers among constituent stocks of the Huabao General Aviation ETF (159231) tracking index.
On the news front, SpaceX's Starship 15th test flight is scheduled for November 13, marking the first attempt at "full-stack recovery." Elon Musk stated that during the 15th flight test, both the first-stage booster and the second-stage Starship spacecraft will be recovered simultaneously, along with the continued deployment of 26 Starlink V3 satellites. If the "dual capture" is completed, Starship will become the first orbital-class launch system to achieve full-stack integrated recovery, with launch costs potentially dropping below $100 per kilogram. This is a prerequisite for making space-based computing power and large-scale constellation networking economically viable.
Domestically, on November 7, the Ceres-2 Y3 carrier rocket successfully launched four satellites from Jiuquan. The Shenzhou-24 mission will welcome the first foreign astronaut (a Pakistani payload specialist), marking China's first joint crewed flight with an international partner. CITIC Securities believes that if SpaceX's Starship 15th test flight succeeds, it will signify further progress in full-stack recovery and reuse, accelerating the pace of Starlink and space-based computing constellation construction. With domestic and international developments reinforcing each other, the commercial aerospace sector's outlook is positive.
Wings of a Great Power, Grand Ambitions! The Huabao General Aviation ETF (159231) and its feeder funds (Class A: 024766; Class C: 024767) track an index that comprehensively covers 50 aerospace constituent stocks, spanning popular sectors such as low-altitude economy, commercial aerospace, satellite navigation, large aircraft, drones, and military aircraft. Among these, low-altitude economy concept exposure exceeds 90%, commercial aerospace exposure exceeds 60%, and satellite navigation concept exposure exceeds 45%, making it a powerful tool for one-click allocation to China's aerospace industry chain.
Recent market volatility may be significant, and short-term performance does not predict future results. Fund investments may incur losses. Investors are urged to invest rationally based on their own financial circumstances and risk tolerance, with heightened attention to position sizing and risk management. According to the fund manager's assessment, the Huabao General Aviation ETF (159231) has a risk rating of R3-Moderate Risk, suitable for balanced (C3) and above investors. Suitability matching opinions should be based on the sales institution's determination. Data source: Shanghai and Shenzhen Stock Exchanges, iFind. The relevant concepts are 886067.TI Low-Altitude Economy, 886078.TI Commercial Aerospace, and 885574.TI Satellite Navigation. The relevant concept exposure represents the combined weight of constituent stocks shared between the General Aviation Index and the aforementioned concept indices, as of September 30, 2026.
Fund Fee Disclosure: The General Aviation ETF does not charge a sales service fee. Subscription and redemption agencies may charge a commission of no more than 0.5%. On-exchange trading fees are subject to the actual charges of the securities company. The subscription fee for Huabao General Aviation ETF Feeder A is: 1,000 yuan per transaction for amounts above 2 million yuan; 0.6% for 1-2 million yuan; 1% for amounts below 1 million yuan. The redemption fee is: 1.5% for holding periods under 7 days; 0% for 7 days or more; no sales service fee is charged. The redemption fee for Huabao General Aviation ETF Feeder C is 1.5% for holding periods under 7 days and 0% for 7 days or more; the sales service fee is 0.25% per annum. Fund management fee: 0.5% per annum; fund custody fee: 0.1%. Please refer to each fund's legal documents for detailed fee rates. Institutional reference opinion source: CITIC Securities, November 8, 2026, "Lijian-2 and Ceres-2 Launch Successfully; Starship 15th Test Flight Expected to Attempt Full-Stack Recovery."
Risk Disclosure: The Huabao General Aviation ETF passively tracks the Guozheng General Aviation Industry Index. The index base date is June 29, 2012, and the publication date is December 28, 2012. The index constituent composition is adjusted in a timely manner according to the index compilation rules. Its backtested historical performance does not predict the index's future performance. The annual historical returns of the Guozheng General Aviation Industry Index from 2021 to 2025 were: 3.92%, -26.60%, 0.46%, 21.18%, and 28.71%, respectively. The annual volatility from 2021 to 2025 was: 3.99%, 3.25%, 2.96%, 5.90%, and 3.24%. Past index performance does not predict future results. The index constituent stocks mentioned in this article are for illustrative purposes only. Individual stock descriptions do not constitute investment advice of any form, nor do they represent the holdings or trading activities of any fund under the manager. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are responsible for any investment decisions they make independently. Additionally, any views, analyses, and forecasts in this article do not constitute investment advice of any form to readers, and no responsibility is accepted for direct or indirect losses arising from the use of this article's content. Fund investment involves risks. Past performance of a fund does not guarantee its future results. The performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. Invest in funds with caution. MACD golden cross signals have formed; these stocks are showing strong momentum!
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