On the morning of August 7, technology leaders mounted a broad counterattack, with the tech-focused ETF (515000), which combines strong hard-tech beta and high-quality leader alpha, surging over 2% in intraday trading and eyeing a fourth consecutive daily gain. Among its component stocks, optical module leader Accelink Technologies Co.,Ltd. and PCB leader Shengyi Technology Co.,Ltd. hit the daily limit, CXO leader Pharmaron Beijing Co., Ltd. rose over 10%, memory chip leader GigaDevice Semiconductor Inc. gained more than 6%, and WUS Printed Circuit (Kunshan) Co., Ltd. along with Shennan Circuits Co., Ltd. both advanced over 6%.
The current market shows significant structural divergence, with a clear trend of capital shifting from high-dividend defensive sectors to tech growth tracks. The hard-tech sector is now enjoying dual drivers from fundamental support and capital flow resonance. Globally, memory chips are entering a price hike cycle, and semiconductor equipment companies continue to report earnings that exceed expectations, validating the industry's prosperity. Meanwhile, the intensive release of AI computing power orders provides a deterministic growth space for related supply chains. Both domestic and foreign institutions are forming a consensus to increase positions in electronics, communications, and computing, with capital flows affirming the market's thematic focus. Amid rising industry trends and improved visibility of earnings delivery, the hard-tech sector holds medium-term allocation value.
From the perspective of CSI secondary industry distribution, the CSI Tech Leaders Index allocates approximately 90% of its weight to three major directions: semiconductors, electronics, and communication equipment and technology services, indicating a high level of purity. This means the index's holdings are almost entirely concentrated in core hard-tech fields, closely aligning with current market themes such as AI computing power chains, semiconductor localization, and optical communications. Its top ten component stocks feature leaders in various sub-sectors, including optical modules, semiconductor equipment, memory chips, PCBs, and innovative drugs. On the earnings front, despite significant volatility in July, the underlying index of the tech ETF (515000) has outperformed broader market tech indices, further highlighting its allocation value. As of July 31, 2026, the Tech Leaders Index has risen 60% over the past year, significantly outperforming popular tech indices like the STAR 50, making it akin to a "Tech Broad-Based Pro Max" version and a quality tool for navigating the tech thematic market.
Note: The tech ETF (515000) passively tracks the CSI Tech Leaders Index, with a base date of June 29, 2012, and was launched on March 20, 2019. The CSI Tech Leaders Index's historical annual returns from 2021 to 2025 were -3.92%, -34.84%, 0.81%, 11.50%, and 51.54%, respectively, with annualized volatility of 21.46%, 26.5%, 19.83%, 36.36%, and 27.34% over the same periods. The index's constituent stocks are adjusted according to its compilation rules in a timely manner, and back-tested historical performance does not predict future index performance. For tech boosts, buy leaders! The tech ETF (515000) and its linked funds (Class A: 007873, Class C: 007874) select 50 listed companies from the tech sector with large scale, high market share, strong growth capabilities, and high R&D investment, collectively representing the core assets of A-share tech leaders. It combines "hard-tech beta" with "high-quality leader excess alpha," gathering leaders in sub-sectors like optical modules, semiconductor equipment, memory chips, PCBs, and innovative drugs. Data sources: Shanghai and Shenzhen stock exchanges, and others. Note: "The first domestic" refers to the first ETF tracking the CSI Tech Leaders Index. For ETF-related costs: when investors subscribe or redeem fund shares, the subscription and redemption agency may charge a commission of up to 0.5%. On-exchange trading costs are determined by the actual fees charged by the securities company, with no sales service fee. For linked fund costs: the subscription fee for Huabao Tech ETF Linked Fund Class A is 1.00% for amounts under 1 million yuan, 0.60% for amounts from 1 million yuan (inclusive) to 2 million yuan, and 1,000 yuan per transaction for amounts of 2 million yuan (inclusive) or more. The redemption fee is 1.50% for holdings within 7 days, 0.50% for holdings from 7 days (inclusive) to 180 days, and 0.00% for holdings of 180 days (inclusive) or more. No sales service fee is charged. Class C shares have no subscription fee, a redemption fee of 1.50% for holdings within 7 days and 0.00% for holdings of 7 days (inclusive) or more, and an annual sales service fee of 0.40%. The subscription and redemption agency may charge a commission of up to 0.5%. On-exchange trading costs are determined by the actual fees charged by the securities company. Risk warning: The tech ETF (515000) passively tracks the CSI Tech Leaders Index, with a base date of June 29, 2012, and was launched on March 20, 2019. The index's constituent stocks are adjusted according to its compilation rules in a timely manner, and back-tested historical performance does not predict future index performance. The index constituent stocks mentioned in this article are for display purposes only, and individual stock descriptions do not constitute any form of investment advice, nor do they represent the holdings or trading activities of any fund managed by the fund manager. The fund manager assesses the risk level of this fund as R3-moderate risk, suitable for balanced (C3) and above investors. Any information in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, or any form of expression) is for reference only. Investors must bear full responsibility for any investment decisions made independently. Additionally, any views, analyses, or forecasts in this article do not constitute investment advice to readers, and the author is not responsible for any direct or indirect losses arising from the use of this content. Fund investment carries risks. Past performance of a fund does not represent its future performance. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Please invest cautiously. MACD golden cross signal formed, these stocks are showing strong trends!
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