--- title: "The photovoltaic ETF China Merchants (516230) has continuously attracted 160 million yuan over 8 days, reshaping industry expectations with the synergy of electricity and new distributed policies" type: "News" locale: "en" url: "https://longbridge.com/en/news/282628188.md" description: "The China Merchants CSI Photovoltaic Industry ETF (516230) has attracted 160 million yuan in capital over 8 consecutive trading days, indicating optimistic market expectations for the photovoltaic industry. On June 18, 2026, China will implement a new distributed photovoltaic policy, which is expected to break industry bottlenecks and activate the market. The Ministry of Industry and Information Technology emphasizes the need to eliminate the internal competition in the photovoltaic industry and enhance the security of the industrial chain. Bank of China International points out that photovoltaic investment in 2026 will focus on \"anti-involution\" and \"space photovoltaic.\" The new five-year plan will raise the proportion of green electricity in data centers to 80%, bringing new demand for photovoltaics" datetime: "2026-04-14T01:14:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282628188.md) - [en](https://longbridge.com/en/news/282628188.md) - [zh-HK](https://longbridge.com/zh-HK/news/282628188.md) --- # The photovoltaic ETF China Merchants (516230) has continuously attracted 160 million yuan over 8 days, reshaping industry expectations with the synergy of electricity and new distributed policies On the first trading day of this week, the photovoltaic industry led the market. The China Merchants Photovoltaic ETF (516230) rose 2.01% throughout the day, marking a continuous net inflow of 160 million yuan over 8 trading days, indicating an increased market expectation for an industry turning point. In terms of news, on June 18, 2026, China’s distributed photovoltaic sector will welcome a milestone new policy — the "Guidelines for Assessing the Capacity of Distributed Power Sources Connected to Power Systems" (DL/T 2041-2025). This guideline, issued by the National Energy Administration, plans to remove the rigid limit of 80% reverse load rate for transformers, which is expected to break the long-standing bottleneck restricting the access of distributed photovoltaics, thereby activating a trillion-level market dividend. Regarding anti-involution, the Ministry of Industry and Information Technology held a national conference on the high-quality development of the electronic information manufacturing industry on April 10, 2026. The meeting emphasized the need to resolutely break the "involutionary" competition in the photovoltaic industry and enhance the resilience and safety levels of key industrial chain supply chains. 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. Bank of China International believes that "anti-involution" and "space photovoltaics" are the two main lines of photovoltaic investment in 2026. The government work report for 2026 clearly states that China will accelerate the development of satellite internet, and the space photovoltaic industrial chain is expected to benefit from the increase in the number of satellite launches both domestically and internationally. In addition, against the backdrop of rising global geopolitical uncertainties, energy security, as the cornerstone of national security for various countries, is being prioritized for implementation and deployment, presenting a certain "security premium," especially for new energy sources represented by photovoltaics, wind power, and energy storage. Domestically, "collaborative electricity calculation" has been included in the government work report for the first time this year, elevating it to the strategic level of national new infrastructure. The current new five-year plan clearly states that the proportion of green electricity in data centers will exceed 80%, creating new demand space for new energy. From the perspective of the industrial chain, collaborative electricity calculation and direct connection to green electricity are significant benefits for photovoltaics, addressing the core pain points of "unable to sell electricity or sell at a good price," especially the physical direct connection to data centers is expected to lead to a reassessment of the value of photovoltaic power stations in the western regions where consumption is challenging. According to data, the China Merchants Photovoltaic ETF (516230) closely tracks the CSI Photovoltaic Industry Index, covering the core photovoltaic industrial chain comprehensively, including photovoltaic battery components (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 TBEA Co., Ltd., Longi Green Energy, Roborock, Maiwei Co., Ltd., Sungrow Power Supply, TCL Technology and other leading companies with advantages. Under the multiple drivers of the global energy self-sufficiency demand explosion, the catalysis of green electricity direct connection and calculation synergy policies, and the long-term imagination opened by space photovoltaics, the photovoltaic ETF China Merchants (516230) focuses on the opportunity for industry valuation reassessment, connecting Fund A (011966); C (011967). 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