New Rules for ChiNext Reform Unveiled: Market Impact Analysis

Deep News04-13 10:43

Technology and growth sectors staged a strong rebound today (April 13). The hard technology broad-based ETF covering leading high-growth companies on the STAR Market and ChiNext—双创龙头ETF (588330)—saw its intraday price surge by 1.8%, currently up 1.52%, aiming for a fifth consecutive daily gain and reaching a new all-time high.

Among constituent stocks, Haiguang Information led gains with an increase of over 10%, followed by Shengyi Technology and Lansus Technology, both rising more than 7%. Loongson Technology advanced over 6%, while stocks such as Sungrow Power, Yealink Network, Shenghong Technology, and Contemporary Amperex Technology also posted gains.

On the news front, on April 10, the China Securities Regulatory Commission released the "Opinions on Deepening ChiNext Reform to Better Serve the Development of New Quality Productive Forces." The ChiNext reform document outlines eight key reform measures, broadening financing channels for growth-oriented enterprises in sectors like hard technology, new energy, and biomedicine. Zhongtai Securities pointed out that a critical change in the design lies in shifting the review perspective from traditional profit metrics to a comprehensive assessment of "growth potential, innovation capability, and industrial application capacity," further clarifying the differentiated roles of ChiNext and the STAR Market.

Kaiyuan Securities believes that, under the requirements of the "15th Five-Year Plan," technological security remains the most important theme, driving significant advancements in technological self-reliance and the formation of an "8466" development framework in key industries. New quality productive forces are expected to succeed real estate as a "pillar industry," fostering rapid development trends centered on energy as the foundation (new energy + controlled nuclear fusion) and core industries advancing in parallel (AI + electronics and semiconductors, aerospace + low-altitude economy, embodied intelligence, biomedicine, etc.).

[Undeterred by Market Rotation, a One-Stop Solution for China’s Core Technology] The hard technology broad-based ETF—双创龙头ETF (588330) and its off-exchange feeder funds (Class A: 013317 / Class C: 013318)—track an index that selects 50 listed companies in strategic emerging industries with large market capitalizations from the STAR Market and ChiNext, covering popular themes such as optical modules, semiconductors, and photovoltaic equipment. Additionally, this ETF is eligible for margin trading and is included in the Stock Connect program, serving as an efficient tool for investing in new quality productive forces.

It is worth noting that since the beginning of 2025, as of the end of March, 双创龙头ETF (588330) has accumulated a gain of 54.54%, outperforming major broad-based indices such as the ChiNext Index (48.72%), the STAR Composite Index (44.68%), and the STAR 50 Index (27.04%).

Note: The previous on-exchange abbreviation for 双创龙头ETF (588330) was 双创龙头ETF. Risk Disclosure: 双创龙头ETF passively tracks the CSI STAR and ChiNext 50 Index, which has a base date of December 31, 2019, and was launched on June 1, 2021. The index's annual performance from 2021 to 2025 is as follows: 0.37%, -28.32%, -18.83%, 13.63%, and 60.86%. The composition of the index's constituent stocks is adjusted according to its compilation rules, and its historical performance does not indicate future results. The mention of index constituents in this article is for illustrative purposes only; descriptions of individual stocks do not constitute investment advice of any form, nor do they represent the holdings or trading activities of any funds managed by the asset manager. The asset manager assesses the risk rating of 双创龙头ETF as R4—moderately high risk, suitable for aggressive (C4) and higher-risk investors. Suitability matching opinions should be based on the sales institution's assessment. 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 responsible for any independent investment decisions. Furthermore, any views, analyses, or forecasts in this article do not constitute investment advice of any kind to readers, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investments carry risks; past performance of a fund does not indicate future results, and the performance of other funds managed by the asset manager does not guarantee the performance of this fund. Investors should exercise caution.

A MACD golden cross signal has formed, and these stocks are performing well!

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