Major A-share indices closed lower today (March 19). The双创龙头ETF (588330), which fully allocates to new quality productive forces, saw its intraday price rise by up to 0.32% before settling with a decline of 0.21%. Its overall performance surpassed that of the major broad market indices, demonstrating notable resilience. It is worth noting that the ETF frequently trades at a premium in the secondary market, suggesting that some capital is optimistic about the future performance of the hard technology sector and is actively positioning itself.
Breaking down the performance by sector, leaders in the optical module segment posted significant gains. Eoptolink Technology Inc.,Ltd. rose over 4%, while Tianfu Communication advanced more than 3%, and Zhongji Innolight gained over 1%. Additionally, Jinko Solar, a leading photovoltaic company, increased by more than 3%, and Jiangbolong, a major memory chip firm, rose over 1%. CATL, a leading lithium battery manufacturer, also managed to close in positive territory against the market trend.
Developing new quality productive forces is the primary engine and an inherent requirement for high-quality development. The 2026 Government Work Report proposed fostering new quality productive forces based on local conditions. Aligned with the outline of the 15th Five-Year Plan, developing these forces is a core pillar for China's economic transformation and upgrading. Its strategic significance lies not only in overcoming growth bottlenecks in traditional industries but also in building a modern industrial system through greater self-reliance and strength in science and technology.
The new quality productive forces sector is currently experiencing a period of resonance from four types of dividends: policy, capital, industrial, and institutional. The industry is developing rapidly, with a clear trend of rising both earnings and valuations. Emerging pillar industries are in a high-growth cycle with strong order visibility, including sectors like AI, semiconductors, energy storage, and humanoid robots. These areas are gradually transitioning from a phase of "valuation expansion" to being "earnings-driven," indicating strong future earnings certainty.
Looking ahead to the technology sector's performance, Guolian Minsheng Securities pointed out that within the list of major projects for the 15th Five-Year Plan, the proportion of projects related to new quality productive forces—focusing on cultivating new industries and tracks, as well as tackling cutting-edge technologies—has significantly increased. Shanxi Securities believes technological innovation has become the core engine for global industrial upgrading. Looking towards 2026, the development of the technology industry is supported by clear policies, defined technological iteration paths, and anticipated commercialization scenarios, offering both short-term explosive potential and long-term growth value.
[Consolidating Core Technology Exposure Amid Market Rotation] The hard technology broad-based ETF—双创龙头ETF (588330) and its corresponding feeder fund (Class A: 013317 / Class C: 013318)—tracks an index that selects the 50 largest listed companies in strategic emerging industries from the STAR Market and ChiNext Board. It encompasses popular themes such as optical modules, semiconductors, and photovoltaic equipment. Furthermore, this ETF is eligible for [margin trading] and [Stock Connect] programs, making it an efficient tool for gaining exposure to new quality productive forces.
It is noteworthy that the underlying index of the双创龙头ETF (588330) was the top performer among broad-based indices in 2025, with a cumulative annual increase of 60.86%. This outperformed other major indices such as the ChiNext 50 (57.45%), ChiNext Index (49.57%), STAR Market Composite Index (46.30%), and SSE STAR Market 50 Index (35.92%).
ETF Fee Information: The双创龙头ETF does not charge a sales service fee. Subscription and redemption agents may charge a commission of up to 0.5%, which includes relevant fees collected by stock exchanges and registration institutions. Trading fees in the secondary market are subject to the rates charged by securities firms.
Feeder Fund Fee Information: For the Huabao CSI Science and Technology Innovation Board 50 ETF Feeder Fund (Class A), the subscription fee is 1% for amounts below RMB 1 million, 0.6% for amounts between RMB 1 million (inclusive) and RMB 2 million, and a flat fee of RMB 1,000 for amounts of RMB 2 million (inclusive) and above. The redemption fee is 1.5% for holdings under 7 days, 0.1% for holdings between 7 days (inclusive) and 30 days, and 0% for holdings of 30 days (inclusive) or more. No sales service fee is charged. The Huabao CSI Science and Technology Innovation Board 50 ETF Feeder Fund (Class C) does not charge a subscription fee. The redemption fee is 1.5% for holdings under 7 days and 0% for holdings of 7 days (inclusive) or more. A sales service fee of 0.3% is charged annually.
Risk Warning: The双创龙头ETF passively tracks the CSI Science and Technology Innovation Board 50 Index. This index has a base date of December 31, 2019, and was launched on June 1, 2021. Its annual performance from 2020 to 2024 was: +86.90%, +0.37%, -28.32%, -18.83%, and +13.63%, respectively. The index constituents are adjusted according to its compilation rules, and its past performance does not indicate future results. The mention of specific index constituents is for illustrative purposes only; descriptions of individual stocks are not investment advice of any form and do not represent the holdings or trading activities of any fund managed by the asset manager. The fund manager assesses the risk rating of the双创龙头ETF as R4 (Medium-High Risk), suitable for aggressive (C4) and higher risk-profile investors. Suitability assessments should be confirmed with the selling institution. Any information appearing in this content (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are solely responsible for their independent investment decisions. Furthermore, any views, analysis, 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 resulting from the use of this content. Fund investment carries risks. The past performance of a fund does not indicate its future returns. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Investors should exercise caution.
MACD golden cross signals have formed, indicating positive momentum for these stocks.
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