--- title: "Photovoltaic anti-involution + demand for local manufacturing in South Korea, expectations for overseas expansion accelerate, photovoltaic ETF China Merchants (516230) has seen a net inflow of 140 million for 7 consecutive days" type: "News" locale: "en" url: "https://longbridge.com/en/news/282489679.md" description: "The China Merchants CSI Photovoltaic Industry ETF (516230) has seen a net inflow of 140 million yuan for 7 consecutive days, indicating market attention on the revaluation opportunities in the photovoltaic sector. On April 10th, the Ministry of Industry and Information Technology held a meeting, emphasizing the need to break the inward competition within the photovoltaic industry and enhance the security of the supply chain. South Korea plans to increase the share of renewable energy generation to over 20% by 2030, driving domestic photovoltaic manufacturing demand. Huafu Securities believes this will create opportunities for China's photovoltaic equipment exports, with demand in Southeast Asia and Northeast Asia expected to grow. The China Merchants CSI Photovoltaic Industry ETF closely tracks the CSI Photovoltaic Industry Index" datetime: "2026-04-13T05:19:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282489679.md) - [en](https://longbridge.com/en/news/282489679.md) - [zh-HK](https://longbridge.com/zh-HK/news/282489679.md) --- # Photovoltaic anti-involution + demand for local manufacturing in South Korea, expectations for overseas expansion accelerate, photovoltaic ETF China Merchants (516230) has seen a net inflow of 140 million for 7 consecutive days On April 13th afternoon, the photovoltaic ETF China Merchants (516230) further expanded its gains, rising 1.37% as of the time of writing. In terms of constituent stocks, Quartz Co. rose over 7%, CITIC Bo, DeYe Co., Hongyuan Green Energy, and Daqo New Energy rose over 5%, while Zhejiang Xineng, GoodWe, Aiko Solar, and several other stocks rose over 4%. Funding data shows that the photovoltaic ETF China Merchants (516230) has seen a net inflow of 140 million yuan for 7 consecutive trading days, indicating that the market may be focusing on the revaluation opportunities in the sector. In terms of news, the Ministry of Industry and Information Technology held a conference on April 10th regarding the high-quality development of the national electronic information manufacturing industry for 2026. The meeting emphasized the need to resolutely break the "involution" competition in the photovoltaic industry and enhance the resilience and safety levels of key industrial chain supply chains. Currently, the China Photovoltaic Industry Association is leading the preparation of cost recognition standards for photovoltaic manufacturing, covering the entire industrial chain and unifying accounting standards to curb disorderly bidding, solve industry involution, and guide healthy industrial development. On the demand side, on April 6th, South Korea announced its energy development plan, aiming to increase the proportion of renewable energy generation from 11.4% to over 20% by 2030, expanding the installed capacity to 100GW, with a focus on developing solar and wind energy. At the same time, the South Korean government has launched rural photovoltaic projects such as "Sunshine Income Village," clearly requiring the use of domestically produced photovoltaic modules and inverters. Huafu Securities believes that this will not only drive the expansion of South Korea's local photovoltaic manufacturing capacity but also create opportunities for China's photovoltaic equipment exports to South Korea. Combined with South Korea's simultaneous promotion of grid upgrades, energy storage deployment, and the elimination of coal-fired power plants, photovoltaic demand in Southeast Asia and Northeast Asia is expected to usher in a new round of growth. Huaxi Securities also pointed out that China has formed the world's most complete photovoltaic, wind power, energy storage, and new energy vehicle industrial chain, possessing significant global competitiveness in large-scale manufacturing, cost control, technological iteration, and supply chain stability. This round of overseas energy transition acceleration is expected to open up continuous overseas incremental space for domestic photovoltaic modules, energy storage, wind power, and new energy vehicle industrial chains. Leading new energy enterprises with global competitive advantages are expected to benefit first from the new round of overseas demand expansion. Data shows that the photovoltaic ETF China Merchants (516230) closely tracks the CSI Photovoltaic Industry Index, covering the core industrial chain of photovoltaics, including photovoltaic battery modules (22.6%), inverters (16.4%), power transmission and transformation equipment (10.9%), photovoltaic processing equipment (10.5%), silicon materials and wafers (7.8%), and panels (7.2%). The top ten holdings include leading companies such as TBEA, LONGi Green Energy, Roborock, Mibet, Sungrow Power Supply, and TCL Technology. 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