Semiconductor stocks performed strongly today (January 16), with the hard-tech broad-based ETF—双创龙头ETF (588330), which is 100% invested in the new productive forces sector, seeing its on-market price rise over 1.7% intraday. It is currently up 0.82%, and its intraday high price (0.993) once again set a new stage high, coming within a hair's breadth of the listing high (0.997) from July 2021.
Looking at specific sectors, semiconductor leaders led the gains significantly. 江波龙 surged over 8%, while 澜起科技 and 屹唐股份 rose more than 4%. Among photovoltaic leaders, 晶盛机电 gained over 7%, and 盐谷冈电源 rose more than 3%. In the optical module sector, leader 天孚通信 increased over 4%. For consumer electronics leaders, 蓝思科技 advanced more than 3%.
On the macro level, on January 14, 2026, local time, the U.S. White House announced that, effective January 15, it would impose an additional 25% ad valorem tariff on certain imported semiconductors, semiconductor manufacturing equipment, and derivatives. Industry analysis indicates that the direct impact of these tariff hikes on domestic Chinese semiconductor equipment is relatively limited. However, by increasing supply chain uncertainty, they are expected to create a stronger "acceleration substitution" window for domestic equipment, underpinned by the memory super-cycle and the accelerating trend towards self-sufficiency.
On the industry front, since September 2025, the price of DDR5 memory modules has surged over 300%, while DDR4 memory modules have also seen increases exceeding 150%. Industry insiders suggest this round of memory price hikes stems from the wave of storage demand ignited by AI. Reports indicate that the memory market has entered a "super bull market" phase, with the current market conditions even surpassing the historical highs of 2018.
At the individual stock level, TSMC released its Q4 2025 financial results, with quarterly revenue exceeding NT$10.4609 trillion for the first time. The company also set its 2026 capital expenditure plan to a record high of up to $56 billion. 中信建投 pointed out that TSMC's high gross margin demonstrates the premium pricing power of advanced process technologies, which is expected to drive upward revisions in profit expectations for domestic Chinese semiconductor companies, particularly those with advanced process capabilities in manufacturing and design.
中原证券 believes that in 2026, it is crucial to follow the policy directions suggested by the "15th Five-Year Plan" guidelines and seize the opportunities arising from the deep resonance between the global monetary easing cycle and the wave of industrial upgrading. They are optimistic about the main theme of technological innovation, represented by artificial intelligence technology. 华安证券 stated that industrial trends are unstoppable, and technology remains the strongest investment theme.
[Unearthing New Productive Forces, Investing in the Chinese Version of "Nasdaq"] Four key characteristics of 双创龙头ETF (588330) and its corresponding feeder funds (Class A: 013317 / Class C: 013318): 1. Cross-market diversified allocation, 100% strategic emerging industries: The underlying index selects the 50 largest listed companies in strategic emerging industries from the STAR Market and ChiNext Board, aggregating high-growth leaders and encompassing popular themes like new energy, photovoltaics, optical modules, semiconductors, and medical devices. Furthermore, this ETF is eligible for [margin trading and securities lending] and is a [Stock Connect] security, making it an efficient tool for a one-click allocation to new productive forces. 2. A "combat-ready" fund for growth style, one-click access to China's top tech: Against the backdrop of global tech competition, the importance of technological self-reliance and industrial chain autonomy has reached new heights, making the "Chinese version of Nasdaq" imminent. 3. High-beta tool for capturing tech rallies, low-threshold access to breakthrough forces: The underlying index has a 20% daily price fluctuation limit, allowing for faster rebounds and positioning it as a "rally pioneer." Compared to direct investment in STAR Market and ChiNext stocks, ETF investment has a relatively lower threshold; based on the current price, an investment can be started with less than one hundred yuan. 4. "Little Overlord" of hard-tech broad-based ETFs, a strong offensive beta capturer: The underlying index of 双创龙头ETF (588330) was crowned the "2025 Broad-Based Index Performance Champion," with a cumulative annual increase of 60.86%, significantly outperforming major broad-based indices like the ChiNext 50 (57.45%), ChiNext Index (49.57%), STAR Market Composite (46.30%), and SSE Sci-Tech Innovation 50 (35.92%).
Risk Warning: 双创龙头ETF and its feeder funds passively track the CSI STAR & CHINEXT 50 Index. The base date for this index is December 31, 2019, and it was published on June 1, 2021. The index's annual performance from 2020 to 2024 was: +86.90%, +0.37%, -28.32%, -18.83%, +13.63% respectively. The index constituents are adjusted according to the index methodology, and its historical backtested performance is not indicative of future results. The constituent stocks mentioned are 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 双创龙头ETF as R4 - Medium-High Risk, suitable for Aggressive (C4) and higher investor types. The appropriateness matching opinion is subject to the selling institution. Any information appearing in this article is for reference only, and investors are solely responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts in this article do not constitute investment advice of any kind to the reader, and no responsibility 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 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 in funds with caution.
MACD golden cross signals formed, these stocks are rising nicely!
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