--- title: "Sichuan implements subsidies for pig farming, the agricultural ETF Tianhong (512620) index turned positive during trading, institutions say the sector is currently in a left-side allocation window" type: "News" locale: "en" url: "https://longbridge.com/en/news/283284006.md" description: "Sichuan Province has implemented a subsidy policy for pig farming, and the agricultural ETF Tianhong (512620) has performed well in the market, with related indices rising. The agricultural sector as a whole is showing signs of recovery, with some constituent stocks such as Luoniushan and Cangge Mining experiencing significant increases. Guohai Securities analysis believes that although pig prices may fluctuate in the short term, the de-capacity of pig farming will accelerate, and the current period is a left-side allocation window for the pig farming sector" datetime: "2026-04-20T02:29:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283284006.md) - [en](https://longbridge.com/en/news/283284006.md) - [zh-HK](https://longbridge.com/zh-HK/news/283284006.md) --- # Sichuan implements subsidies for pig farming, the agricultural ETF Tianhong (512620) index turned positive during trading, institutions say the sector is currently in a left-side allocation window On April 20, the three major indices showed mixed results, with the agricultural sector turning positive during the trading session. The CSI Agriculture Thematic Index (000949.CSI) turned positive, rising by 0.20%. Among the constituent stocks of this index, Luoniushan rose over 4%, Cangge Mining increased nearly 2%, and Longping High-Tech along with Hainan Rubber and three others rose over 1%. In terms of related ETFs, as of April 17, **the Agricultural ETF Tianhong (512620) saw a cumulative net inflow of nearly 65 million yuan over the past 10 trading days, with a net yield of nearly 6%, ranking first among similar products.** The latest circulating shares of this ETF are 1.136 billion, with a latest circulating scale of 1.167 billion yuan. The Agricultural ETF Tianhong (512620) closely tracks the CSI Agriculture Index, covering areas such as breeding and agricultural chemicals. Its constituent stocks include leading agricultural companies like Muyuan Foods, Wens Foodstuff Group, and Haida Group, achieving diversified layouts, and it also allocates to off-market connecting funds (Class A 010769, Class C 010770). **In terms of news,** the General Office of the People's Government of Sichuan Province issued a document titled "Several Policy Measures to Consolidate and Expand the Economic Stability and Improvement Momentum," proposing to implement incentives for the cultivation of large-scale pig farming entities, incentives for stable pig production capacity, and incentives for enhancing deep processing capabilities of pork, with subsidies for individual enterprises reaching up to 8 million yuan. Guohai Securities stated that we expect short-term weak fluctuations in pig prices, and under the backdrop of intensified industry losses, the de-capacity of pig production is likely to accelerate. However, due to the increased market share of large breeding enterprises, the overall risk resistance capability of the industry has strengthened, which may prolong the de-capacity cycle. The rhythm and intensity of capacity control policies remain a key focus this year. **We believe we are still in the window period for left-side allocation in the pig farming sector.** ### Related Stocks - [512620.CN](https://longbridge.com/en/quote/512620.CN.md) - [000949.CN](https://longbridge.com/en/quote/000949.CN.md) - [000735.CN](https://longbridge.com/en/quote/000735.CN.md) - [000408.CN](https://longbridge.com/en/quote/000408.CN.md) - [000998.CN](https://longbridge.com/en/quote/000998.CN.md) - [601118.CN](https://longbridge.com/en/quote/601118.CN.md) - [002714.CN](https://longbridge.com/en/quote/002714.CN.md) - [300498.CN](https://longbridge.com/en/quote/300498.CN.md) - [002311.CN](https://longbridge.com/en/quote/002311.CN.md) - [000750.CN](https://longbridge.com/en/quote/000750.CN.md) - [02714.HK](https://longbridge.com/en/quote/02714.HK.md) ## Related News & Research - [ZAWYA: Tunisia unveils $55bln plan, with water and agriculture as top priorities](https://longbridge.com/en/news/286891521.md) - [Hogs Can’t Hold Early Rally and Breakdown](https://longbridge.com/en/news/286823788.md) - [Universal Digital Inc. Announces Termination of ETF Partnership Agreement | LFGMF Stock News](https://longbridge.com/en/news/286616540.md) - [Congyu Intelligent Agricultural Sets June SGM to Approve Major Share Placing](https://longbridge.com/en/news/286582458.md) - [Proposed farm bill seeks $187B SNAP cuts amid rising need](https://longbridge.com/en/news/286621695.md)