--- title: "The Tianhong CSI Food and Beverage ETF (159736) saw its underlying index drop over 2% during intraday trading; institutions: the current sector has welcomed a good opportunity for positioning" type: "News" locale: "en" url: "https://longbridge.com/en/news/280084782.md" description: "The Tianhong CSI Food and Beverage ETF (159736) experienced a pullback in the market on March 23, with a decline of over 2%. Despite the overall market downturn, the ETF's trading volume exceeded 4.03 million yuan, with a circulating share count of 7.918 billion shares and a circulating scale of 5.135 billion yuan. Analysts believe that the current food and beverage sector presents good layout opportunities due to its defensive attributes and the supporting logic of consumption recovery" datetime: "2026-03-23T02:04:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280084782.md) - [en](https://longbridge.com/en/news/280084782.md) - [zh-HK](https://longbridge.com/zh-HK/news/280084782.md) --- # The Tianhong CSI Food and Beverage ETF (159736) saw its underlying index drop over 2% during intraday trading; institutions: the current sector has welcomed a good opportunity for positioning On March 23, the three major indices collectively fell, with the China Securities Food and Beverage Index continuing its correction, down 2.14% as of the time of publication. Among the constituent stocks of this index, Yuegui Co., Ltd. rose over 2%. In related ETFs, **the Food and Beverage ETF Tianhong (159736) had a transaction volume exceeding 4.03 million yuan as of the time of publication**. According to Wind Financial Terminal data, the latest circulating share of this ETF is 7.918 billion shares, with a latest circulating scale of 5.135 billion yuan. The Food and Beverage ETF Tianhong (159736, OTC Class C 001632) tracks the China Securities Food and Beverage Index, focusing on leading stocks in high-end and sub-high-end liquor, while also considering leading stocks in sub-sectors such as beverages, dairy products, seasonings, and beer. The top ten weighted stocks include "Mao Wuliang," Yili, and Haitian. On the news front, according to Yicai, Han Wenxiu, Deputy Director of the Office of the Central Financial and Economic Affairs Commission and Director of the Office of the Central Rural Work Leading Group, stated on the 22nd at the "China Development Forum 2026 Annual Meeting" that a key focus for promoting coordinated and balanced economic development in the coming period, which is also a challenging task, is to steadily enhance the contribution of consumption to economic growth and to promote the formation of a more demand-driven, consumption-led, and endogenous growth economic development model. **KYG Securities** stated that last week (March 16-20), the food and beverage sector demonstrated strong defensive attributes, with the core logic being that the sector's previous excess returns were not significant, and current valuations are at relatively low levels. Against the backdrop of geopolitical conflicts driving a global energy crisis and a decline in market risk appetite, the stability characteristics of the food and beverage sector have emerged, attracting funds seeking safety. We believe that the food and beverage sector has now welcomed a good opportunity for layout, supported by the underlying logic of consumption recovery. ### Related Stocks - [516170.CN](https://longbridge.com/en/quote/516170.CN.md) - [159736.CN](https://longbridge.com/en/quote/159736.CN.md) - [515170.CN](https://longbridge.com/en/quote/515170.CN.md) - [515710.CN](https://longbridge.com/en/quote/515710.CN.md) - [000815.CN](https://longbridge.com/en/quote/000815.CN.md) ## Related News & Research - [ZAWYA: Hany Arram during his participation in the 9th edition of “The Marketers League” at the Grand Egyptian Museum](https://longbridge.com/en/news/286071699.md) - [The Trading Awards: Voting is open until 19 May](https://longbridge.com/en/news/286793607.md) - [Europe-China spacecraft launches to study Earth's 'invisible armour'](https://longbridge.com/en/news/286881963.md) - [BREAKINGVIEWS-SpaceX seals private market’s triumph over public](https://longbridge.com/en/news/286936344.md) - [Cantonese restaurant Wing Seong Fatty’s to end 100-year run](https://longbridge.com/en/news/286856179.md)