On December 25, the aerospace and satellite internet sectors rallied again, with Guanglian Aviation Industry Co.,Ltd. (300900) hitting a 20% daily limit up. China Spacesat Co.,Ltd. (600118), following yesterday's limit-up, surged another 7%, while Tianyin Electromechanical and Chenxi Aviation gained over 4%. The Huabao General Aviation ETF (159231), which provides one-click exposure to commercial aerospace, satellite navigation, low-altitude economy, and large aircraft sectors, rose 3.11% intraday with 2 million shares net subscribed in real time.
The catalyst came from the Third China Commercial Aerospace Development Conference held in Beijing on December 24, where the Commercial Aerospace Industry Alliance Technology Innovation Fund was officially launched. The fund's initial size ranges from 1 to 2 billion yuan, with plans to expand to 10 billion yuan long-term. It has a 10-year duration and will deploy capital in phases across four key areas: low-orbit satellite constellations/satellite internet, reusable launch vehicles/rocket services, new aerospace materials/components, and space resource utilization/emerging space services.
Xiangcai Securities noted that with China's "space power" strategy being elevated to national blueprint status and commercial aerospace designated as a new growth engine, the industry has reached a historic inflection point. Massive downstream demand, particularly for satellite internet constellation construction, provides solid foundation for commercialization across the commercial aerospace value chain, especially in launch vehicle infrastructure, with substantial market potential.
The Huabao General Aviation ETF (159231) and its feeder funds (Class A: 024766; Class C: 024767) track an index covering 50 constituents across "next-gen military combat capabilities + next-gen civilian productivity", including low-altitude economy, large aircraft, military aircraft, commercial aerospace, satellite navigation, and drones. Aerospace sector weighting exceeds 37%, with focused exposure to core technological barriers and commercialization segments (aircraft manufacturing), making it an efficient tool for capturing China's aerospace industrial chain growth driven by domestic demand and military exports.
Data source: SSE/SZSE Risk disclosure: The fund passively tracks the National General Aviation Industry Index (base date: 2012.6.29; launch date: 2012.12.28). Index constituents may change per rules, and past performance doesn't indicate future results. Constituent mentions aren't investment advice nor reflect fund holdings. The fund is rated R3-medium risk, suitable for balanced (C3) or higher risk-profile investors. All information herein is for reference only, and investors bear full responsibility for independent decisions. No content constitutes investment advice, and the manager assumes no liability for direct/indirect losses. Fund investments carry risks—past performance doesn't guarantee future returns, and other funds' performance doesn't indicate this fund's results. Invest with caution.
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