--- title: "In March, the industrial added value above designated size increased by 5.7% year-on-year. The Tianhong ChiNext Composite ETF (159977) had a trading volume exceeding 10 million yuan during the session. Institutions pointed out that the ChiNext reform will boost market sentiment in the short term" type: "News" locale: "en" url: "https://longbridge.com/en/news/283080513.md" description: "In March, the industrial added value above designated size increased by 5.7% year-on-year. The ChiNext ETF Tianhong (159977) had a trading volume exceeding 10 million yuan during the session, with subscription amount reaching 4 million shares, and constituent stocks performed well. The China Securities Regulatory Commission released a reform plan for the ChiNext, adding listing standards for high-quality unprofitable companies, which boosted market sentiment in the short term. Ping An Securities believes that the reform will optimize financing and industrial development, benefiting fields such as AI and advanced manufacturing, and the current valuation offers cost-effectiveness for allocation" datetime: "2026-04-17T02:28:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283080513.md) - [en](https://longbridge.com/en/news/283080513.md) - [zh-HK](https://longbridge.com/zh-HK/news/283080513.md) --- # In March, the industrial added value above designated size increased by 5.7% year-on-year. The Tianhong ChiNext Composite ETF (159977) had a trading volume exceeding 10 million yuan during the session. Institutions pointed out that the ChiNext reform will boost market sentiment in the short term On the market, both exchanges opened lower and then rose, with the ChiNext Index increasing. In terms of related ETFs, the ChiNext ETF Tianhong (159977) saw its underlying index rise by 0.22% during the day, with subscription amounts reaching 4 million shares; the trading volume amounted to 16.281 million yuan; and the turnover rate was 0.24%. Among the constituent stocks, Tianfu Communication rose over 5%, with several stocks such as Xinyi Sheng, Zhongwei New Materials, and Changxin Bochuang also following suit. The ChiNext ETF Tianhong (159977) closely tracks the ChiNext Index, with its industry allocation mainly including power equipment (32.05%), telecommunications (22.32%), and electronics (15.58%). The top five constituent stocks are CATL, Zhongji Xuchuang, Xinyi Sheng, Dongfang Caifu, and Sunshine Power. This ETF is also equipped with three off-market connection funds (Class A: 001592; Class C: 001593; Class Y: 022960). On the news front, according to the China Securities Regulatory Commission, the reform plan for the ChiNext has officially landed, adding listing standards for high-quality unprofitable companies and researching the introduction of ChiNext stock index futures and a market maker system. According to the National Bureau of Statistics, the national economy started well in the first quarter, with the industrial added value above a designated size growing by 5.7% year-on-year in March, and the high-tech industry showing strong growth. Additionally, foreign media reported signs of easing in the Middle East geopolitical situation, with expectations for US-Iran negotiations warming up and external risk preferences recovering. Ping An Securities believes that the ChiNext reform comprehensively optimizes the listing, financing, and investment sides, aiming to build a virtuous cycle between financing and industrial development, boosting market sentiment in the short term, and benefiting new productive forces such as AI and advanced manufacturing in the medium to long term, with current valuations offering cost-performance advantages. 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