Shanghai Composite Index breaks below 3,800 points! Food and Beverage ETF Huaxia (515170) leads gains, Kweichow Moutai stock price hits a two-month high

As of the midday close on July 30, major A-share indices entered a correction phase. The Shanghai Composite Index fell below 3,800 points. Communications and electronics sectors saw deep corrections, while defensive food and beverage sectors rebounded from low levels, leading gains across the market. Kweichow Moutai's stock price briefly broke through its six-month moving average, reaching a two-month high. Shanxi Fenjiu, Angel Yeast, and Gujing Gongjiu rose over 5%, while Tsingtao Brewery rose over 3%.

In terms of ETFs, the Huaxia Consumer ETF (510630.SH), which holds a basket of leading baijiu stocks, and the Huaxia Food & Beverage ETF (515170.SH) ranked among the top gainers in the market.

According to data, the Huaxia Food & Beverage ETF (515170.SH) is the largest ETF tracking the CSI Sub-sector Food and Beverage Industry Theme Index. It provides balanced coverage of baijiu and mass-market foods. Its constituents include first-tier baijiu leaders (Kweichow Moutai, Wuliangye, Shanxi Fenjiu, Luzhou Laojiao, etc.) and mass-food industry leaders (Yili Shares, Haitian Flavouring, Dongpeng Beverages, Tsingtao Brewery, Yanjing Beer, Angel Yeast, etc.).

The Huaxia Consumer ETF (510630.SH) is the sole target tracking the SSE Consumer Index, favoring large-cap blue-chip styles. Its top ten constituents include Kweichow Moutai, Yili Shares, Shanxi Fenjiu, Haitian Flavouring, and Dongpeng Beverages.

Additionally, there is the Huaxia Food ETF (159151.SZ), which contains absolutely no "alcohol" components. It tracks the CSI All-Share Food Index and focuses 100% on mass-food industry leaders, including Yili Shares, Haitian Flavouring, Shuanghui Development, Angel Yeast, Anjoy Foods, Jinlongyu, and COFCO Sugar Industry. This ETF is now listed and tradable.

Huatai Securities pointed out: The food and beverage sector is experiencing a resonance of dual catalysts—sufficient clearing of chip positions and favorable policy winds—marking a transition from continuous bottoming out to stabilization and recovery.

1) On the position side, active fund holdings dropped to 1.5% in Q2 '26, a month-on-month decrease of 2.4 percentage points, shifting from overweight to underweight. This sits at the lowest level since 2012. The overall food and beverage sector remains in an underweight zone, with trading congestion fully released.

2) On the policy side, on July 13, the State Council approved the "15th Five-Year Plan for Expanding Consumption," anchoring a goal of approximately 60 trillion yuan in total retail sales of consumer goods by 2030. Food, tobacco, and alcohol consumption is expected to directly benefit from the systematic expansion of total consumption volume.