Recently, "Ministry of Commerce announcement with attachments changed to WPS format for the first time" became a trending topic, with industry insiders viewing this as an important demonstration of the nation's push for autonomous control of key technologies and information security assurance.
Additionally, according to a message from the Ministry of Industry and Information Technology (MIIT) website on October 11, MIIT and six other departments recently issued the "Implementation Plan for Deepening Innovative Development of Service-oriented Manufacturing (2025-2028)". The plan highlights key productive service industries including technology services, industrial design, software and information services, productive financial services, intellectual property services, and energy-saving environmental protection services.
Notably, the document from MIIT and the seven departments mentions strengthening new information infrastructure construction, deepening "5G + Industrial Internet" integrated applications, deploying computing power infrastructure as needed, enhancing industrial data element supply, promoting the integrated innovation of artificial intelligence technology with service-oriented manufacturing, and improving network and data security capabilities.
Ping An Securities points out that against the backdrop of US restrictions on advanced chip exports to China and suppression of domestic computing power chips and large domestic models, the urgency of domestic computing power substitution continues to rise. Shengang Securities believes that with continued investment in computing power infrastructure, domestic computing power may achieve continuous breakthroughs in model development and computing chips, potentially maintaining strong momentum. Looking ahead to the medium term, domestic computing power is expected to gain growth elasticity superior to overseas computing power.
Industry professionals indicate that sudden tariff escalations have emotional impacts on technology growth stocks, but this influence is mainly short-term. Since AI satisfies industrial trends, global resonance, fundamental performance, and capital flows, once market risk appetite improves, the AI rally may continue.
Galaxy Securities recommends focusing on two major directions: AI infrastructure and AI empowerment. The institution states that looking toward the "15th Five-Year Plan," the "AI era" will also create investment opportunities for the machinery and equipment industry centered around AI. For AI infrastructure direction, they recommend AI PCB equipment, AIDC power generation equipment, liquid cooling, and semiconductor equipment; for AI empowerment direction, they recommend application scenario implementations.
On the market front, today (October 13), the Science and Technology Innovation Board AI ETF (589520), which focuses on domestic AI industry chains, consolidated and pulled back with the market, with intraday prices down 1.56%. Worth noting is that this ETF attracted 32.93 million yuan on the previous trading day (October 10), reflecting capital entering on dips to accumulate positions!
Among constituent stocks, Beijing Kingsoft Office Software led gains with over 7%, Anlogic Technology rose over 6%, while AsiaInfo Security, Foxit Software, Fudan Microelectronics and other stocks followed suit. On the other hand, Orbbec, Roborock Technology fell over 6%, leading declines and dragging down index performance.
**Domestic Substitution Pioneer, Science and Innovation Self-Reliance**
From the current perspective, three key highlights of the Science and Technology Innovation Board AI ETF (589520) and its feeder funds (Feeder A: 024560, Feeder C: 024561):
1. Policy Catalyst, AI Takeoff: Top-level documents provide ignition, with AI potentially becoming the leading sector throughout this market cycle. Edge-cloud integration is the core trend in AI development, with constituent stocks being companies with the largest revenue or best positioning in subdivided segments, benefiting from accelerated AI transformation in edge-side chips/software.
2. Domestic Substitution, Autonomous Control: Against the backdrop of technology friction, the importance of information security and industrial security becomes prominent. As a core technology, achieving autonomous control of artificial intelligence is crucial. The target index focuses on domestic AI industry chains with strong domestic substitution characteristics.
3. 20% High Elasticity, Strong Offensive Nature: Compared to directly investing in Science and Technology Innovation Board individual stocks, ETFs enable low-threshold deployment with 20% price limit restrictions, offering higher efficiency during market breakouts. The top ten holdings account for over 70% of the weight, with semiconductors as the largest weighted industry at over half, featuring high concentration and strong offensive characteristics.
Chart: Top Ten Weighted Stocks of Science and Technology Innovation Board AI ETF (589520) Target Index (Data as of September 30, 2025)
Note: As of the end of September 2025, the top ten holdings of the Science and Innovation AI Index accounted for 71.90% of the weight; according to SW Level 2 industry classification, semiconductors are the largest weighted industry, accounting for 52.6% of industry weight.
Risk Warning: The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC and its feeder funds passively track the Shanghai Science and Technology Innovation Board Artificial Intelligence Index. This index has a base date of December 30, 2022, and was released on July 25, 2024. The composition of index constituent stocks is adjusted timely according to the index compilation rules, and its backtested historical performance does not predict future index performance. Individual stocks and index constituent stocks mentioned in this article are for display purposes only. Individual stock descriptions do not constitute any form of investment advice, nor do they represent holding information or trading movements of any funds under management. The fund manager assesses the risk level of the HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC as R4-medium-high risk, suitable for aggressive (C4) and above investors. Appropriateness matching opinions are subject to sales institutions. Any information appearing in this article (including but not limited to individual stocks, comments, predictions, charts, indicators, theories, any form of expression, etc.) is for reference only. Investors must be responsible for any autonomous investment decisions. Additionally, any views, analyses, and predictions in this article do not constitute any form of investment advice for readers, nor do they assume any responsibility for direct or indirect losses caused by using the content of this article. Fund investment involves risks. Past performance of funds does not represent future performance. Performance of other funds managed by the fund manager does not constitute a guarantee of fund performance. Fund investment requires caution.
MACD golden cross signal formation, these stocks show good upward momentum!
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