--- title: "Small-cap growth stocks surge with elasticity, GF China Securities 1000 ETF (560010) rises over 4%" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/39765620.md" description: "On April 8th, driven by the dual catalysts of the temporary US-Iran ceasefire and positive domestic AI industry developments, A-shares experienced a strong broad-based rally, with the small and mid-cap growth style showing particularly strong resilience. As of 14:38, nearly 5000 stocks across the market were in the green, with the Wind Micro-Cap Index rising over 3%. The GF China Securities 1000 ETF (560010) gained 4.48%, leading the CSI 300 Index's 3.33% gain by about 1 percentage point. Internationally, the US and Iran reached an agreement for a two-week ceasefire, and the Strait of Hormuz will resume navigation within a set timeframe. Global market risk appetite has broadly recovered..." datetime: "2026-04-08T07:24:41.000Z" locales: - [en](https://longbridge.com/en/topics/39765620.md) - [zh-CN](https://longbridge.com/zh-CN/topics/39765620.md) - [zh-HK](https://longbridge.com/zh-HK/topics/39765620.md) author: "[同壁财经](https://longbridge.com/en/profiles/26505347.md)" --- # Small-cap growth stocks surge with elasticity, GF China Securities 1000 ETF (560010) rises over 4% On April 8th, driven by the dual catalysts of a temporary US-Iran ceasefire and positive domestic AI industry developments, the A-share market experienced a strong broad-based rally, with the growth style of small and mid-cap stocks showing particularly notable resilience. As of 14:38, nearly 5,000 stocks across the market were in positive territory. The Wind Micro-Cap Stock Index rose over 3%, while the CSI 1000 ETF GF (560010) gained 4.48%, leading the CSI 300 Index's 3.33% gain by approximately 1 percentage point. Internationally, the US and Iran reached an agreement for a two-week ceasefire, with the Strait of Hormuz set to resume navigation within a specified timeframe. Global market risk appetite recovered broadly, presenting a pattern of "stocks, bonds, and currencies rising together, while crude oil and the US dollar fell simultaneously." Meanwhile, the attractiveness of RMB assets significantly improved. On April 8th, the central parity rate of the RMB against the US dollar was set at 6.8680, an increase of 174 basis points, and the onshore RMB opened over 200 pips higher. The strengthening of the exchange rate, coupled with the cooling of external uncertainties, has fueled expectations for the return of northbound capital. Furthermore, the growth style of small and mid-cap stocks, which is sensitive to liquidity, demonstrated far greater recovery elasticity than large-cap blue-chips after sufficient prior adjustments, becoming the most benefited direction in this rebound. Domestically, the AI industry chain has released a concentrated stream of positive news, reactivating the technology growth theme. Zhipu released its new-generation open-source model GLM-5.1, accelerating the implementation of multimodal applications. Weekly token calls for China's large AI models have reached 12.96 trillion, surpassing the US for five consecutive weeks. The domestic daily average token call volume surged from 100 billion at the beginning of 2024 to 140 trillion by March 2026, representing over a thousand-fold growth in two years. This surge in computing power demand coincides highly with the industrial layout of the numerous small and mid-cap technology companies within the CSI 1000 Index constituents. These companies are mostly focused on segments like AI applications, semiconductor design, and optical communications, exhibiting the greatest performance elasticity during the phase of industrial demand expansion. With the first-quarter earnings window approaching, expectations for high earnings growth have further strengthened the offensive attributes of the small and mid-cap growth style. Guojin Securities' view is that the current CSI 1000 Index demonstrates characteristics of steady revenue expansion and high-speed profit growth among major broad-based indices. As of 2025Q3, the year-on-year revenue growth rate of the CSI 1000 Index was 1.97%, higher than the CSI 300 (1.30%), CSI 500 (0.23%), and the STAR 50 Index (0.21%), indicating a relatively high revenue expansion trend. Its latest consensus forecast predicts a year-on-year net profit growth rate of 19.78% (as of March 6, 2026). Combined with the fact that related national strategy-supported industry sectors are in a phase of capacity release and demand expansion, along with policy-side tax incentives and R&D subsidies, these factors collectively drive the transformation of industry structural dividends into actual revenue and profit growth, reinforcing market expectations for profit improvement in the small-cap growth style. China Merchants Securities stated that geopolitics has become the most important marginal variable affecting A-shares. The direction of the international situation will influence subsequent commodity trends and global macro logic. The A-share market style will become more balanced, with small and mid-caps likely to continue outperforming. The diffusion of cyclical price increases and AI hardware diffusion remain core themes. The CSI 1000 ETF GF (560010) closely tracks the CSI 1000 Index. The small-cap style represented by the CSI 1000 Index offers excess returns compared to large-caps. As of April 7th, the CSI 1000 Index rose 38.38% over the past year, significantly outperforming the CSI 300 Index's 23.71% gain during the same period. The investment value of the CSI 1000 ETF GF (560010) as a tool for investing in small and mid-cap growth stocks is becoming increasingly prominent. The CSI 1000 Index tracked by this fund focuses on the small-cap style with a balanced sector distribution, aggregating emerging high-tech industries such as pharmaceuticals & biotech, computers, and electronics, characterized by high growth and high elasticity. Off-exchange investors can leverage three off-exchange feeder funds (Feeder A/C Class: 006486/006487) to gain one-click exposure to the small-cap stock track. ### Related Stocks - [000300.CN](https://longbridge.com/en/quote/000300.CN.md) - [399300.CN](https://longbridge.com/en/quote/399300.CN.md) - [600109.CN](https://longbridge.com/en/quote/600109.CN.md) - [06099.HK](https://longbridge.com/en/quote/06099.HK.md) - [600999.CN](https://longbridge.com/en/quote/600999.CN.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md)