The Innovation and Entrepreneurship Leaders ETF (588330), which fully invests in new quality productive forces, saw its intraday price surge by up to 3.42% today (March 20), currently trading 1.81% higher. The ETF displayed significant premium levels, indicating strong buying pressure, and has accumulated net inflows of 22.67 million yuan over the past five trading days.

Among its components, optical module leader Eoptolink Technology Inc.,Ltd. rose over 8% to reach a new historical high, while Zhongji Innolight gained more than 6%. Solar equipment leaders Jingcheng Mechanical & Electrical and Jinko Solar advanced over 5%, with Sungrow Power Supply climbing more than 4%.

Market sources indicate Tesla Motors is conducting major procurement negotiations with Chinese solar equipment suppliers, planning to invest approximately $2.9 billion (about 20 billion yuan) to import core solar cell and component manufacturing equipment. This initiative supports Tesla's integrated photovoltaic manufacturing expansion in the United States.

On the policy front, energy-saving equipment regulations have been introduced. On March 20, four departments including the Ministry of Industry and Information Technology released the "Implementation Plan for High-Quality Development of Energy-Saving Equipment (2026-2028)". The plan specifically calls for accelerating the development and promotion of advanced energy-saving equipment, focusing on higher efficiency motors, transformers, industrial heat pumps, industrial refrigeration/heating equipment, water electrolysis hydrogen production equipment, and information communication devices with market-competitive energy-saving capabilities.

Regarding technology sector outlook, Guolian Minsheng Securities noted that major projects in the "16th Five-Year Plan" significantly increase the proportion of new quality productive forces projects focused on cultivating new industries and tackling cutting-edge technologies. Shanxi Securities believes technological innovation has become the core engine for global industrial upgrading. Looking ahead to 2026, the technology industry benefits from clear policy support, defined technological upgrade paths, and predictable commercialization scenarios, combining short-term growth potential with long-term value.

The Innovation and Entrepreneurship Leaders ETF (588330) and its connected fund (Class A: 013317/Class C: 013318) select 50 leading strategic emerging industry companies from the STAR Market and ChiNext Board, covering popular themes including optical modules, semiconductors, and photovoltaic equipment. The ETF is also eligible for margin trading and Stock Connect programs, serving as an efficient tool for accessing new quality productive forces.

Notably, the ETF's underlying index was the top-performing broad-based index in 2025, gaining 60.86% and outperforming major indices including the ChiNext 50 (57.45%), ChiNext Index (49.57%), STAR Composite Index (46.30%), and STAR 50 (35.92%).

ETF fee structure: The Innovation and Entrepreneurship Leaders ETF charges no sales service fee. Subscription and redemption agents may collect commissions up to 0.5%, including relevant fees charged by exchanges and registration institutions. On-market trading fees are subject to securities company policies.

Connected fund fees: HuaBao CSI Science and Technology Innovation Board 50 ETF联接基金 (Class A) charges a subscription fee of 1,000 yuan per transaction for amounts exceeding 2 million yuan, 0.6% for 1-2 million yuan, and 1% for amounts below 1 million yuan. Redemption fees are 1.5% for holdings under 7 days, 0.1% for 7-30 days, and 0% for over 30 days, with no sales service fee. The Class C fund charges no subscription fee, with redemption fees of 1.5% for holdings under 7 days and 0% thereafter, plus a 0.3% sales service fee.

Risk disclosure: The Innovation and Entrepreneurship Leaders ETF passively tracks the CSI Science and Technology Innovation Board 50 Index (base date: December 31, 2019; launch date: June 1, 2021). The index recorded annual returns of 86.90% (2020), 0.37% (2021), -28.32% (2022), -18.83% (2023), and 13.63% (2024). Index components are adjusted according to methodology, and past performance doesn't guarantee future results. Constituent stock mentions are for illustrative purposes only and don't constitute investment recommendations or reflect fund holdings. The fund manager rates this ETF as R4 (medium-high risk), suitable for aggressive (C4) or higher risk profile investors. Investment decisions should be based on individual circumstances, and no information herein constitutes investment advice or guarantees against losses.