On November 25, major indices opened higher and extended gains in early trading, with the Shenzhen Component Index and ChiNext Index both rising over 2%, while the Shanghai Composite Index gained more than 1%. By midday, the ChiNext 50 ETF (159949) climbed 2.60% to 1.420 yuan, with a turnover rate of 5.52% and trading volume reaching 1.399 billion yuan.
Notably, capital inflows remain robust, as the ETF has recorded net inflows for seven consecutive trading days, totaling 915 million yuan over the past five sessions. As of November 24, 2025, the ETF's latest AUM stood at 24.741 billion yuan, ranking first among its peers.
According to the latest quarterly report, the ChiNext 50 ETF's (159949) top ten holdings include industry leaders such as CATL, InnoLight Technology, East Money Information, New Sea Union, Sungrow Power, Shengyi Technology, Inovance Technology, Mindray Medical, EVE Energy, and Tonghuashun.
Today, the PCB sector showed a volatile rebound, with Shengyi Technology surging over 6%. Reports indicate Meta Platforms is considering investing billions to purchase Google's TPUs for its data centers. Earlier, Google reportedly visited major domestic PCB manufacturers like Shengyi Technology to discuss procurement of PCBs for AI chips. If these potential orders materialize, they could significantly boost the PCB supply chain.
CITIC Securities research notes that NVIDIA's FY26Q3 results and FY26Q4 guidance exceeded expectations, while Google's release of Gemini 3 demonstrated unexpectedly strong model performance. The report attributes this to the ongoing acceleration of AI industry growth, highlighting PCB as the most synchronized upgrade component for AI chips. With multiple catalysts emerging in the PCB sector, the firm continues to recommend key AI PCB suppliers.
For investors bullish on China's long-term tech growth, the ChiNext 50 ETF (159949) offers an efficient investment vehicle. Investors can trade the ETF directly via stock accounts or through feeder funds (Class A: 160422; Class C: 160424; Class I: 022654; Class Y: 022976). Experts advise adopting dollar-cost averaging or phased entry strategies to mitigate short-term volatility risks while closely monitoring component companies' earnings performance and policy developments.