---
title: "Dropped over 6%! The Satellite ETF China Merchants (159218) raised 50 million during intraday trading against the market trend, while China Spacesat and CATEC experienced significant declines"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288022177.md"
description: "The China Merchants CSI Satellite Industry ETF (159218) fell over 6% in the afternoon, with major stocks like China Spacesat and CATEC generally declining, but capital inflow exceeded 51 million yuan, indicating a \"buy the dip\" trend. Analysts believe this is a technical correction, and long-term funds have not exited the market. China plans to launch nearly 40,000 satellites before 2030, and the outlook for the satellite industry remains optimistic"
datetime: "2026-05-29T06:42:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288022177.md)
  - [en](https://longbridge.com/en/news/288022177.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288022177.md)
generator: "portal-rs"
---

# Dropped over 6%! The Satellite ETF China Merchants (159218) raised 50 million during intraday trading against the market trend, while China Spacesat and CATEC experienced significant declines

On the afternoon of May 29, the satellite industry chain experienced a significant pullback. As of 2:30 PM, the Satellite ETF China Merchants (159218) fell by 6.58%, with weighted stocks broadly declining—China Spacesat dropped by 5.82%, CATEC fell by 6.79%, China Satcom decreased by 5.04%, Zhongke Xingtu dropped by 5.69%, and Guobo Electronics fell by 7.52%. However, the funding situation showed a "buying on the dip" trend, with Wind data estimating that the ETF saw a net inflow of over 51 million yuan during the trading session.

Analysis indicates that the satellite sector has undergone a technical pullback after a period of sustained growth. Yesterday (May 28), the Satellite ETF China Merchants (159218) rose by 2.26%, with a significant cumulative increase since its low point, leading to concentrated profit-taking pressure being released in the short term. However, from the funding behavior perspective, long-term capital has not exited the market; instead, it has taken advantage of the pullback to increase positions significantly. On the industrial front, the Qianfan Constellation has completed multiple batches of network satellite launches, with the GW constellation advancing simultaneously. Before 2030, China plans to launch nearly 40,000 satellites, and the trend of accelerating constellation networking remains unchanged. With the SpaceX IPO approaching, targeting a valuation of over $2 trillion, the global commercial space economy continues to thrive.

It is understood that the Satellite ETF China Merchants (159218) provides a one-click layout for the entire industry chain, including satellite manufacturing, onboard chips, communication payloads, ground terminals, and operational services, making it a core tool for investing in the space economy

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**