Following the release of an implementation opinion on the standardized application and innovative development of intelligent agents by three departments including the National Development and Reform Commission, the Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Sec (589520), which focuses on the domestic AI industry chain, continued its strong upward momentum today (May 11th). After its closing price hit a record high on May 7th, the ETF's intraday price surged up to 3.21% and is currently up 1.67%, gradually approaching its historical peak (0.750).
Among its constituent stocks, Montage Technology Co.,Ltd. led the gains, surging over 15% and attracting net main fund inflows exceeding 1.8 billion yuan, topping the A-share fund inflow list. Autel Intelligent Technology Corp., Ltd. rose over 12%, while Insta360 and Opt Machine Vision Tech Co., Ltd. gained over 7% and 5% respectively. The heavyweight stock VeriSilicon Microelectronics (Shanghai) Co., Ltd. rose over 1%, and Cambricon Technologies Corporation Limited also traded in positive territory.
The news catalyst is the joint issuance of the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents" by the Cyberspace Administration of China, the National Development and Reform Commission, and the Ministry of Industry and Information Technology. This aims to implement the State Council's "Opinions on Deepening the Implementation of the 'Artificial Intelligence Plus' Action" and promote the standardized application and innovative development of intelligent agents.
The Implementation Opinions clarify that the development of intelligent agents must adhere to the basic principles of security and controllability, standardized order, innovation-driven growth, and application-led traction. It proposes measures in four key areas: First, consolidating the development foundation by improving the technological base and constructing standard protocols. Second, safeguarding the security bottom line by defining product standards, preventing security risks, improving the governance system, and strengthening industry self-regulation. Third, strengthening application traction by proposing 19 typical application scenarios focused on scientific research, industrial development, stimulating consumption, public welfare, and social governance. Fourth, building an innovation ecosystem by promoting industrial cooperation and enhancing application promotion.
Guosen Securities pointed out that from a medium-term perspective, high-growth sectors with upward industrial trends, such as technology growth, remain important directions. With policy support and industrial breakthroughs resonating, AI technology continues to be a main industry theme in the A-share market, and areas like AI applications and computing hardware deserve attention.
Industry insiders believe that driven by both industrial demand and policy support, the period from 2025 to 2026 represents a historic inflection point for Chinese AI companies to achieve "commercial monetization" and a transition period for the industry from "burning money on R&D" to "achieving scale profitability." Huayuan Securities believes that domestic large AI models are currently entering an accelerated development phase, which will drive the expansion of the domestic computing power market and increase its penetration rate. The domestic computing power sector maintains high景气度, with chip, CPU, ODM manufacturers, IDC, and component supply chains all poised to benefit from this development wave.
[The Light of Domestic Substitution, Self-Reliance in Science and Technology] The Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Sec (589520) and its feeder funds (Feeder A: 024560, Feeder C: 024561) focus on the domestic AI industry chain. Their constituent stocks include leading domestic GPU companies (e.g., Cambricon Technologies Corporation Limited), leading domestic ASIC companies (e.g., VeriSilicon Microelectronics (Shanghai) Co., Ltd.), and leading AI application companies (e.g., Kingsoft Office Software, Inc.). The semiconductor industry holds a weight of nearly half, providing strong offensive potential. The software industry accounts for over 30% of the weight, positioning it to potentially benefit from a catch-up rally in AI applications. Furthermore, this ETF is a margin trading and securities lending target, serving as an efficient tool for a one-click allocation to domestic computing power.
Risk Disclosure: The Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Sec passively tracks the SSE Science and Technology Innovation Board Artificial Intelligence Index. The base date for this index is December 30, 2022, and it was released on July 25, 2024. The index's annual gains/losses for 2023 and 2024 were 12.68% and 32.36% respectively. The composition of the index's constituent stocks is adjusted according to its compilation rules, and its back-tested historical performance does not indicate future index performance. The individual stocks and index constituents mentioned in this article 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 manager. 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 to High Risk, suitable for aggressive (C4) and above investors. The appropriateness matching opinion should be based on the sales institution. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only. Investors must be responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts in this article do not constitute investment advice of any form to readers, and no responsibility is assumed for any direct or indirect losses arising from the use of this content. Fund investment carries risks. The past performance of a fund does not indicate its future performance. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Fund investment should be made with caution.
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