The daily Token calls exceed 140 trillion, and the investment in the "Six Networks" is expected to exceed 70 trillion; the artificial intelligence ETF E Fund (159819) received a net subscription of 10 million units during the trading session

As of 9:39, the China Securities Artificial Intelligence Theme Index (930713) rose by 0.13%. Among the weighted stocks, NewEase rose by 1.12%, Zhongji Xuchuang rose by 0.72%, Cambricon rose by 1.63%, Lattice Technology rose by 2.3%, Zhongke Shuguang fell by 0.75%, Hikvision rose by 0.34%, iFlytek fell by 1.61%, OmniVision fell by 1.27%, Chipone fell by 2.11%, and Runze Technology fell by 3.22%. As of May 19, the China Securities Artificial Intelligence Theme Index has increased by 115.82% over the past year. The Artificial Intelligence ETF E Fund (159819) tracks the China Securities Artificial Intelligence Theme Index. As of the previous trading day, the average daily trading volume over the past month was 756 million yuan, ranking first among its peers, with active trading and strong liquidity, capable of meeting investors' large transaction needs. As of the time of writing, the fund has received a net subscription of 10 million shares during the trading session. In terms of news, the National Bureau of Statistics disclosed that by March 2026, the daily Token call volume in China has exceeded 140 trillion, an increase of more than 1000 times compared to 100 billion at the beginning of 2024; compared to 100 trillion at the end of 2025, it has increased by more than 40% in just three months. In May of this year, relevant national departments clearly proposed to include the computing power network alongside traditional infrastructure such as water networks, new power grids, communication networks, urban underground pipelines, and logistics networks in the national key planning and construction "six networks" system. According to estimates by the National Development and Reform Commission, the investment scale for this year's "six networks" and related key areas will exceed 7 trillion yuan. Dongfang Securities believes that Tokens have become the basic unit for billing and settlement of AI services, rapidly rising from the underlying technology unit of AI to the core value carrier of the digital economy. The "Token factory" is the core production link of the "Token economy." For Token factories, the speed, quality, and cost of Token production are the core of competition. Under fixed power capacity, the manufacturers with the highest throughput of high-performance Tokens per watt have the strongest competitiveness and profitability. The Artificial Intelligence ETF E Fund (159819) adopts a relatively low fee structure in the industry, with a management fee of 0.15% per year and a custody fee of 0.05% per year, significantly lower than similar funds, providing a more attractive cost advantage for long-term holders. The low fee design aligns with the characteristics of ETF investment, helping investors capture the growth dividends of the AI industry at a lower cost. Related products: Artificial Intelligence ETF E Fund (159819), off-market connection (Class A: 012733; Class C: 012734): core AI targets, one-click packaging of leading companies in various segments of AI, with balanced industry distribution E Fund Artificial Intelligence ETF (588730)