The software development sector, encompassing AI applications, showed notable strength against the broader market trend today (July 16th), potentially ahead of the upcoming World Artificial Intelligence Conference. The Big Data ETF Huabao (516700), which is deeply linked to domestic computing power (IDC, servers) and AI application fields, saw its intraday price surge as high as 3.91%, closing up 1.85%. Capital is actively positioning in technology sectors perceived to be at lower valuation levels, with this ETF attracting a cumulative net inflow of 53.11 million yuan over the past five trading days.
Among its constituent stocks, Yunsai Zhilian surged by the daily limit, while Unisplendour Corporation Limited (SHE: 000938) touched the limit-up price during the session and still closed with a substantial gain of 8.61%. Talkweb Information rose over 6%, Data gained more than 5%, with stocks like Sangfor Technologies and Beijing Shiji Information Technology also advancing.
Reasons for Capital Inflow into Big Data via ETFs
Why is capital actively flowing into the big data industry through ETFs? The rationale can be analyzed from three perspectives:
1. AI Computing Infrastructure: CITIC Securities points out that computing power networks have been included in the national "Six Networks" major projects, representing a core infrastructure direction for the "15th Five-Year Plan" period. Trillions in investment are gradually being deployed, formally establishing computing infrastructure as a foundational and strategic facility in the digital economy era, with long-term policy support. Against the backdrop of restricted supply of high-end overseas chips, the pace of building self-controllable intelligent computing centers and computing power hubs continues to accelerate, benefiting the entire industry chain.
2. Computing Power Leasing: Zheshang Securities notes that in the context of overseas technological restrictions, computing power leasing offers an immediate, ready-to-use solution, bypassing lengthy self-construction cycles and effectively alleviating the shortage of high-end chip supply in the short term. Internet clients form the core demand group for the computing leasing market. Some leasing companies, leveraging large-scale computing clusters established through early investments, are progressively completing equipment delivery and project acceptance, entering the substantive billing phase. This marks the gradual formation of a commercial closed loop and the initiation of a positive profit cycle. Guohai Securities believes the medium-to-long-term growth logic for the computing power leasing industry is relatively certain, and it has entered a period of earnings realization.
3. AI Applications: The 2026 World Artificial Intelligence Conference (WAIC 2026) is scheduled to be held in Shanghai from July 17th to 20th, representing the highest-profile AI industry event of the year. Everbright Securities indicates that the WAIC serves as a crucial window for observing the development direction of the AI industry. This conference is expected to unveil several significant products and collaborations in the AI application field, which could boost market confidence in the commercial prospects of AI applications. Huatai Securities suggests that valuation recovery plays in the application side, which are at lower levels, warrant attention.
Data Security and Technological Self-Reliance
The Big Data ETF Huabao (516700) passively tracks the CSI Data Index, which is deeply linked to domestic computing power (IDC, servers) and AI application fields. It covers the entire data technology process, including big data storage, production, analysis, operation platforms, and application, providing a better reflection of the overall development of China's big data industry. The CSI Data Index encompasses several popular themes. As of the end of June, the weight allocations to constituent stocks associated with cloud computing, IDC (computing power leasing), computing power, and AI application concepts were approximately 89.59%, 46.79%, 47.80%, and 23.71%, respectively.
The Big Data ETF Huabao does not charge a sales service fee. Subscription and redemption agents may charge a commission of up to 0.5%, which includes fees levied by stock exchanges and registration institutions. On-market trading fees are subject to the rates actually charged by securities firms.
Risk Disclosure: The Big Data ETF Huabao passively tracks the CSI Big Data Industry Index. The index's base date is December 31, 2012, and it was launched on October 18, 2016. The index's performance over the past five full calendar years is as follows: 2021: -3.5%; 2022: -25.68%; 2023: 1.4%; 2024: 10.57%; 2025: -1.26%. Its annualized volatility for the same periods was: 2021: 22.87%; 2022: 30.63%; 2023: 33.28%; 2024: 42.09%; 2025: 33.44%. The index's constituent stocks are adjusted according to its compilation rules, and its past performance does not indicate future results. Constituent stocks mentioned herein are for illustrative purposes only; individual stock descriptions are not investment advice of any form and do not represent the holdings or trading动向 of any fund managed by the manager. The fund manager assesses this fund's risk level as R3-Medium Risk, suitable for Balanced (C3) and above investors. Suitability matching opinions are subject to the sales institution. Any information appearing in this article is for reference only. Investors are responsible for their own investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice to readers, and no responsibility is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks. A fund's past performance does not guarantee its future results. The performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Invest with caution.
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