On the afternoon of January 30, the ChiNext Index was the first to turn positive, now up over 1.8%, while the STAR Market also followed into positive territory. The hard tech broad-based ETF covering high-growth leaders from the STAR Market and ChiNext—the Dual Innovation Leaders ETF (588330)—rebounded after an earlier decline, with its on-market price rising over 2.2% during the session and currently up 1.87%.
Among the constituent stocks, in the optical module sector, Suzhou Tfc Optical Communication surged over 14% to hit a new historical high, while Eoptolink Technology advanced more than 6%, and Zhongji Innolight rose over 5%. Additionally, VeriSilicon Microelectronics gained over 9%, Tigermed Consulting jumped more than 8%, with stocks like Montage Technology and Ruijie Networks also posting gains.
On the news front, a successful operational application experiment for satellite-ground laser communication exceeding 100G was recently conducted, achieving a communication rate of 120 gigabits per second. The experimental results demonstrated a stable communication link and excellent downlink data quality, marking another breakthrough for the project team following the 10Gbps achievement in 2023 and the 60Gbps milestone in 2025, and signifying a new level in China's operational satellite-ground laser communication capabilities.
Huatai Securities pointed out that the breakthrough in satellite-ground laser communication addresses the "transmission bottleneck" for satellite data, leading to simultaneous increases in volume, price, and profits for optical module manufacturers, with gross margins for satellite business potentially reaching 45%-50%, significantly higher than those for data communication business.
Goldman Sachs indicated that the global construction of low Earth orbit satellite constellations will drive an additional 1.5 million units of high-speed optical module shipments by 2026, with Chinese manufacturers, leveraging cost and technological advantages, capturing over 70% of the global satellite optical module market share.
Central China Securities believes that in 2026, it is crucial to follow the policy direction suggested by the 15th Five-Year Plan and seize the opportunity created by the deep resonance between the global monetary easing cycle and the wave of industrial upgrading. The firm is optimistic about the main theme of technological innovation represented by artificial intelligence technology. Huaan Securities stated that industry trends are unstoppable, and technology remains the strongest investment theme.
[Exploring New Quality Productive Forces, Investing in China's Version of "Nasdaq"] Four key characteristics of the Dual Innovation Leaders ETF (588330) and its off-market feeder funds (Class A: 013317/Class C: 013318) to note: 1. Cross-market diversified allocation, 100% strategic emerging industries: The underlying index selects the 50 largest strategic emerging industry listed companies from the STAR Market and ChiNext as index components, aggregating high-growth leaders and encompassing hot themes such as new energy, photovoltaics, optical modules, semiconductors, and medical devices. Simultaneously, this ETF is designated for both margin trading and the Stock Connect program, serving as an efficient tool for a one-click allocation to new quality productive forces; 2. A "combat-ready" fund with a growth style, for one-click allocation to China's top-tier technology: Against the backdrop of global technological competition, the importance of technological self-reliance and industrial chain autonomy has been elevated to a new height, with a "Chinese version of Nasdaq" emerging; 3. A high-beta tool for capturing tech rallies, enabling low-threshold access to breakout forces: The underlying index's 20% daily price fluctuation limit allows for faster rebounds, positioning it as a potential "rally pioneer." Compared to direct investment in STAR Market and ChiNext individual stocks, ETF investment features a relatively lower threshold; based on current prices, an investment can be started with less than 100 yuan; 4. The "little overlord" of hard tech broad-based ETFs, a strong offensive beta capturer: The underlying index of the Dual Innovation Leaders ETF (588330) earned the title of "2025 Broad-Based Gain Champion," having accumulated a gain of 60.86% year-to-date, outperforming major broad-based indices such as the ChiNext 50 (57.45%), the ChiNext Index (49.57%), the STAR Market Composite (46.30%), and the STAR 50 (35.92%).
Risk Disclosure: The Dual Innovation Leaders ETF and its feeder fund passively track the CSI Science & Technology Innovation Board 50 Index. This index has a base date of December 31, 2019, and was published 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's constituent stocks are adjusted according to its compilation rules, and its historical backtested performance is not indicative of future results. The mention of index constituents herein is for illustrative purposes only; descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings or trading动向 of any fund managed by the management company. The fund manager assesses the risk rating of the Dual Innovation Leaders ETF as R4 - Medium-High Risk, suitable for Aggressive (C4) and above investors. Suitability matching opinions are subject to the final assessment of the selling institutions. Any information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors are solely responsible for any independent investment decisions made. 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 arising from the use of this content. Fund investment carries risks; the past performance of a fund is not indicative of its future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest with caution.
MACD golden cross signals have formed, and these stocks are performing well!
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