On May 19, the three major A-share indices rebounded after hitting a low, with the Shanghai Composite Index closing up nearly 1%. The sci-tech innovation sector led the market, with the Sci-Tech 50 index soaring nearly 4% and the Sci-Tech Comprehensive Index rising 2.62%. On the market, the semiconductor industry chain collectively strengthened, with VeriSilicon rising over 15% to reach a historical high. The computing power leasing concept fluctuated and rose, with Hongxin Electronics and Jiahuan Technology achieving two consecutive limit-ups.
There was more significant good news from the policy front. According to the National Bureau of Statistics on May 19, China is proactively laying out a batch of cutting-edge standards in the data field. It has researched and formulated 12 national guiding technical documents for integrated computing power networks, including grid connection and pooling, and compiled 7 national standards for high-quality data set construction, formats, classifications, and quality assessments. Over 100 standard research projects, including ontology models and computing power collaboration, have been initiated to solidify the data foundation for the development of artificial intelligence in China. The National Bureau of Statistics further stated that by 2026, the National Technical Committee for Data Standardization will research and formulate no less than 80 national standards and technical documents, publish no less than 30 key standards, and promote the establishment of 2-3 international standards.
Recently, there has been a flurry of supportive policies related to artificial intelligence. The state has released a series of national standards for &#34;Artificial Intelligence Terminal Intelligence Leveling,&#34; and the Ministry of Commerce is actively planning to introduce a &#34;Artificial Intelligence + Consumption&#34; policy system to inject new momentum into the AI industry chain from the demand side. Earlier, an action plan issued by four departments proposed that by 2030, the clean energy supply capacity of AI computing power facilities, the research and application of AI-specific technologies in the energy sector, will reach world-leading levels, and significant results will be achieved in the dual empowerment of AI and energy. The plan outlines 29 key tasks, synchronizing &#34;growth in computing power demand&#34; with &#34;energy system transformation&#34; into national strategic planning.
CITIC Securities released a research report stating that against the backdrop of a synchronized liquidity easing cycle between China and abroad, the valuation of the A-share market is relatively reasonable. The AI technology revolution and energy revolution support demand from upstream raw materials to midstream manufacturing, with high prosperity in growth industries driving improvements in listed companies' performance, and the upward trend continues. From the current point until early next year, the focus remains on large-cap growth styles, with a longer-term style switch likely to occur around the first quarter of next year.
China Merchants Securities predicts that the recent industrial prosperity of overseas computing power, domestic computing power, and lithium batteries is relatively high. In terms of investment, the short-term elasticity is strongest in domestic computing power, while the mid-term certainty is stronger in overseas computing power infrastructure, and lithium batteries are in a recovery phase.
By the close, three AI and chip-themed ETFs surged across the board:
The Sci-Tech Artificial Intelligence ETF GF Fund (588760) closed up 4.33%, with a total trading volume exceeding 400 million and a turnover rate of nearly 20%; major stocks such as VeriSilicon rose 15.57%, Amlogic rose 12.1%, and Cambricon rose 8.4%, while Zhuhai Orbita fell 2.09%, Stone Technology fell 0.51%, and Lattice Semiconductor fell 0.35%.
The Chip ETF GF Fund (159801) closed up 3.79%, reaching a record high! The total trading volume exceeded 400 million, with a turnover rate of nearly 20%; constituent stocks such as Shanghai Silicon Industry hit the daily limit, VeriSilicon rose 15.57%, and Zhongwei Company rose 9.29%, while Zhaoxin Microelectronics fell 1.08% and Lattice Semiconductor fell 0.35%
The Sci-Tech Innovation Chip ETF GF Fund (589160) closed up 4.02%, with an all-day turnover rate exceeding 14%; the weighted stocks VeriSilicon rose 15.57%, Zhongwei Company rose 9.29%, and Cambricon rose 8.4%, while Biwei Storage fell 5.34% and Lattice Semiconductor fell 0.35%.
As three differentiated tools in the semiconductor industry chain: the Sci-Tech Innovation Artificial Intelligence ETF GF Fund (588760) focuses on the vertical integration track of &#34;AI + Chips,&#34; the Chip ETF GF Fund (159801) covers leading companies across the entire semiconductor industry chain, and the Sci-Tech Innovation Chip ETF GF Fund (589160) focuses on exploring the 20% fluctuation opportunities of core targets in the Sci-Tech Innovation Board chips. These three ETFs provide investors with a multi-layered allocation choice from broad coverage to high elasticity, seizing opportunities in AI and domestic substitution in semiconductors.
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The Sci-Tech Innovation Chip ETF GF Fund (589160) closely tracks the SSE Sci-Tech Innovation Board Chip Index, which selects securities from companies listed on the Sci-Tech Innovation Board involved in semiconductor materials and equipment, chip design, chip manufacturing, chip packaging, and testing as index samples. The index's GPU concept stocks, including Haiguang Information, Cambricon-U, and Dongxin Co., have a combined weight exceeding 29%. According to Wind data, based on the Shenwan three-tier industry classification, the top three weighted industries in the index are digital chip design (47.8%), semiconductor equipment (19.3%), and integrated circuit manufacturing (14.9%).
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The Chip ETF GF Fund (159801) closely tracks the CNI Semiconductor Chip Index, which is the core index reflecting the overall performance of the chip industry in the A-share market, composed of the 30 largest and most liquid chip industry stocks from the Shanghai and Shenzhen Stock Exchanges. It covers the entire industry chain of semiconductor materials, equipment, design, manufacturing, packaging, and testing, with the index's weighted stocks Haiguang Information, Cambricon-U, and Lattice Semiconductor accounting for over 26% of the total weight. Off-exchange connections (Class A: 012629; Class C: 012630; Class F: 021945).
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The Sci-Tech Innovation Artificial Intelligence ETF GF Fund (588760) closely tracks the SSE Sci-Tech Innovation Board Artificial Intelligence Index, allowing for easy allocation to 30 leading AI companies on the Sci-Tech Innovation Board, balancing both hardware and software, which aligns more with the current AI development trends. According to Wind data, based on the Shenwan three-tier industry classification, the top three weighted industries in the index are digital chip design (48.36%), IT services (16.55%), and horizontal general software (14.23%). Off-exchange connections (Class A: 024245; Class C: 024246)
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688521

589160

159801

588760

On May 19th, the A-share market performed strongly, with the STAR Market leading the gains. VeriSilicon's stock price reached a historical high, with an increase of over 15%. The National Bureau of Statistics released policies to support the development of artificial intelligence, promoting the standardization of computing power. China International Capital Corporation pointed out that the valuation of the A-share market is reasonable, and the AI technology and energy revolution will improve the performance of listed companies, with an expected continued upward trend

同壁财经

VeriSilicon

GF Fund SSE STAR Chip ETF

GF Fund CNI Semiconductor Chips ETF

GF Fund SSE STAR Artificial Intelligence ETF

SSE Index

STAR 50

科创综指

HON-Flex

BESTLINK

CICC

CMSC

Amlogic

Cambricon

Geovis

Roborock

Montage Technology

NSIG

AMEC

Maxscend

Biwin

Hygon Information Technology

Dosilicon

STAR Chip Index

基建工程

STAR Growth Index

MONTAGE TECH

The computing power industry chain has surged, and VeriSilicon's stock price has reached a historic high! The GF Fund SSE STAR Artificial Intelligence ETF (588760) and the GF Fund SSE STAR Chip ETF (589160) both rose over 4%, while the GF Fund Chip ETF (159801) increased by over 3%