H20 Chip Export Resumption Boosts AI Sector: Hang Seng Tech ETF (513130) Hits Record Volume and Scale

Deep News07-16

Significant catalysts emerged for the AI industrial chain on July 15 as NVIDIA's founder confirmed U.S. government approval for H20 chip exports to China. This breakthrough, coupled with NVIDIA's simultaneous launch of new China-specific GPUs, is set to alleviate domestic computing power shortages. Industry capital expenditure is expected to accelerate, driving comprehensive advancement across the AI ecosystem.

Market sentiment surged dramatically following this development. Hang Seng Tech ETF (513130) recorded explosive trading volume of ¥6.677 billion on July 15 - a striking 158% increase from the previous day's ¥2.585 billion. Year-to-date average daily turnover stands at ¥4.949 billion, highlighting exceptional liquidity. Concurrently, the ETF's assets under management soared to a historic high of ¥27.604 billion amid intense capital interest.

Tracking the benchmark Hang Seng Tech Index, this ETF offers exposure to critical segments of China's AI revolution: computing infrastructure, large-model development, commercial applications, and terminal ecosystems. Its top five constituents - Xiaomi Group-W, NetEase-S, Tencent Holdings, Alibaba Group-W, and BYD Company - represent industry leaders with substantial AI research and development capabilities.

The H20 export relaxation promises to address pent-up computing demands, potentially accelerating vertical model training and inference processes. With multiple large models undergoing iterative upgrades recently, this development may catalyze new growth opportunities across AI value chains. Investors may consider Hang Seng Tech ETF (513130) - featuring T+0 trading flexibility - and its feeder funds (Class A 015311 / Class C 015310) for sector exposure.

Risk Disclosure: Investment involves inherent market risks requiring careful consideration.

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