On April 20, market focus remained centered on commercial aerospace. The Huabao General Aviation ETF (159231), which provides one-click exposure to commercial aerospace, satellite navigation, the low-altitude economy, and large aircraft, surged as much as 3% during the trading session. It ultimately closed up 2.86%, marking a strong seventh consecutive day of gains and breaking above its 60-day moving average. The ETF saw real-time subscriptions of 3 million units for the day.
Regarding the index constituents, approximately 80% of the component stocks closed higher, with aviation and aerospace equipment leading the gains. Guanglian Aviation and Tianyin Electromechanical surged over 10%, China Satellite hit the 10% daily limit up, Aerospace Electronics gained over 9%, and Haige Communications rose more than 7%.
On the news front, the main event for the 11th "China Space Day" is scheduled to take place on April 24 in Chengdu, Sichuan Province, under the theme "Seventy Years of Space Exploration, Hand in Hand Reaching for the Heavens." During the opening ceremony and the subsequent China Space Conference (April 23-26), a series of significant announcements are expected, including plans for deep space exploration, supportive policies for commercial aerospace, and research findings from the Chang'e-5 lunar samples.
This year marks the 70th anniversary of the founding of China's space industry. In 2025, China conducted a total of 92 space launch missions, representing a 35% increase compared to 2024. Multiple missions were accomplished in areas such as manned spaceflight, deep space exploration, the BeiDou Navigation System, satellite internet, and rocket launches. For 2026, the domestic focus will be on deep space exploration, manned spaceflight, new rocket types, and commercial aerospace, with numerous missions planned. Deep Space Exploration: Subsequent work will advance for the Tianwen-2 asteroid probe and sample return mission. Manned Spaceflight: Missions including the Shenzhou-23 crewed spacecraft will be carried out. Launch Vehicles: Multiple types of reusable launch vehicles will undergo flight verification tests. Commercial Aerospace: Efforts will be made to promote the standardized, orderly, and innovative development of the commercial aerospace industry.
A research report from Founder Securities pointed out that the state has recently clearly emphasized its high regard for commercial aerospace, with continuously strengthening policy support further elevating its strategic importance. Concurrently, ongoing catalysts related to satellites and rockets are expected, suggesting the sector may welcome a new round of opportunities.
Soaring to New Heights! The underlying index of the Huabao General Aviation ETF (159231) and its feeder funds (Class A: 024766; Class C: 024767) comprehensively covers 50 aerospace component stocks, spanning hot sectors such as the low-altitude economy, commercial aerospace, satellite navigation, large aircraft, drones, and military aircraft. The index has a low-altitude economy concept weighting of over 88%, a commercial aerospace weighting exceeding 65%, and a satellite navigation concept weighting of over 47%, making it an efficient tool for one-stop allocation to China's aerospace industry chain. (Data as of March 31, 2026)
Data Source: Shanghai and Shenzhen Stock Exchanges.
Fund Fee Explanation: The General Aviation ETF does not charge a sales service fee. Subscription and redemption agents may charge a commission of up to 0.5%. Trading fees for on-exchange transactions are subject to the rates charged by the securities firm. The subscription fee for the Huabao General Aviation ETF Feeder Fund A is: RMB 1,000 per transaction for amounts over RMB 2 million; 0.6% for amounts between RMB 1-2 million; 1% for amounts below RMB 1 million. The redemption fee is: 1.5% for holdings under 7 days; 0% for holdings over 7 days. No sales service fee is charged. The redemption fee for the Huabao General Aviation ETF Feeder Fund C is 1.5% for holdings under 7 days and 0% for holdings over 7 days, with an annual sales service fee of 0.25%.
Institutional view reference source: Kaiyuan Securities report dated April 18, 2026, "Commercial Aerospace Weekly: China Space Day Events Gather Pace, Space Agency Meeting Sets Tone for Development."
Risk Warning: The Huabao General Aviation ETF passively tracks the CNI General Aviation Industry Index. The base date for this index is June 29, 2012, and its release date is December 28, 2012. The composition of the index's constituent stocks is adjusted according to its compilation rules, and its past performance does not indicate future returns. The mention of index constituents herein is for illustrative purposes only; descriptions of individual stocks do not constitute investment advice in any form nor represent the holdings or trading trends of any fund managed by the fund manager. The fund manager assesses this fund's risk rating as R3-Medium Risk, suitable for investors with a Balanced (C3) or higher risk profile. The suitability matching opinion should be based on the selling institution's assessment. Any information appearing in this article is for reference only, and investors are solely responsible for any independent investment decisions. Furthermore, any opinions, analyses, or forecasts herein do not constitute investment advice of any kind to the reader, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks; past performance of a fund does not guarantee its future results, and the performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Invest cautiously in funds.
A MACD golden cross signal has formed, indicating positive momentum for these stocks.
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