--- title: "A-shares revert to fundamentals-driven market; China Securities ETF Huaxia (515010) pullback may offer a bottom-fishing opportunity." type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/43151492.md" description: "On August 3, 2026, the three major A-share indices fell collectively: the Shanghai Composite Index dropped 0.72%, the Shenzhen Component Index dropped 1.05%, and the ChiNext Index dropped 1.34%. The securities sector saw a slight pullback. As of 14:45, the Huaxia Securities ETF (515010) fell 0.39%, with the latest quote at 1.268 yuan. Among its holdings, Shouchuang Securities led gains with a 2.53% rise, followed by Hualin Securities up 1.71%, Soochow Securities Co., Ltd. up 1.48%, Pacific Securities up 1.45%, and Southwest Securities up 1.44%; Guosheng Securities led declines with a 9.92% drop..." datetime: "2026-08-03T09:27:11.000Z" locales: - [en](https://longbridge.com/en/topics/43151492.md) - [zh-CN](https://longbridge.com/zh-CN/topics/43151492.md) - [zh-HK](https://longbridge.com/zh-HK/topics/43151492.md) author: "[同壁财经](https://longbridge.com/en/profiles/26505347.md)" generator: "portal-rs" --- # A-shares revert to fundamentals-driven market; China Securities ETF Huaxia (515010) pullback may offer a bottom-fishing opportunity. On August 3, 2026, the three major A-share indices fell collectively: the Shanghai Composite Index dropped 0.72%, the Shenzhen Component Index dropped 1.05%, and the ChiNext Index dropped 1.34%. The securities sector saw a slight pullback. As of 14:45, Huaxia Securities ETF (515010) fell 0.39%, with a latest quote of 1.268 yuan. Among its holdings, Shouchuang Securities led gains with a 2.53% rise, followed by Hualin Securities up 1.71%, Soochow Securities Co., Ltd. up 1.48%, Pacific Securities up 1.45%, and Southwest Securities up 1.44%. Guosheng Securities led declines with a 9.92% drop, Xiangcai Shares fell 7.11%, GF Securities dropped 2.53%, China Securities Co., Ltd. fell 0.97%, and East Money Information dropped 0.94%. Statistics show that although Huaxia Securities ETF (515010) experienced continuous outflows over the past three trading days, it still attracted capital layout on 14 out of the last 20 trading days, accumulating 178 million yuan in net inflows. The scale of Huaxia Securities ETF has grown by 883 million yuan over the past two months. Data from Wind shows that since mid-to-late June, South Korea's KOSPI index, which has the highest correlation with AI, has retraced more than 40% from its peak, with leading storage stocks falling over 50%. In the A-share market, the ChiNext Index, which has high technological content, has retraced nearly 30% from its peak, while core AI indicator stocks have fallen over 40%. In contrast, major broad-based indices such as the CSI 300 have retraced less than 15% from their peaks, demonstrating stronger resilience. Zou Xinjin, Managing Director of the Equity Investment Department at Guolian Delian, pointed out that A-shares will return to a differentiated market driven by fundamentals. Core targets in some AI sub-sectors are expected to gradually stabilize. Products with valuations returning to reasonable levels and truly benefiting from the long-term development of AI will still be favored by capital, although their allocation proportions in the market may decrease. Meanwhile, marginal targets that previously "hopped on the bandwagon" of concepts still have room for decline. Non-AI sectors will also diverge; products with solid fundamentals that were previously "drained" of capital (such as new and old energy, construction machinery, chemicals, brokerages, etc.) are expected to see a repair. Sectors that had large declines earlier, such as the real estate chain, baijiu, and travel chains, also have significant rebound potential. Notably, the management fee rate for Huaxia Securities ETF (515010) and Huaxia Fintech ETF (516100) is 0.15%, and the custody fee rate is 0.05%, which are the lowest among comparable funds, helping investors one-click layout into track trends! ### Related Stocks - [300059.CN](https://longbridge.com/en/quote/300059.CN.md) - [01776.HK](https://longbridge.com/en/quote/01776.HK.md) - [000776.CN](https://longbridge.com/en/quote/000776.CN.md) - [600369.CN](https://longbridge.com/en/quote/600369.CN.md) - [601136.CN](https://longbridge.com/en/quote/601136.CN.md) - [002945.CN](https://longbridge.com/en/quote/002945.CN.md) - [515010.CN](https://longbridge.com/en/quote/515010.CN.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [399001.CN](https://longbridge.com/en/quote/399001.CN.md) - [399006.CN](https://longbridge.com/en/quote/399006.CN.md) - [601555.CN](https://longbridge.com/en/quote/601555.CN.md) - [601099.CN](https://longbridge.com/en/quote/601099.CN.md) - [002670.CN](https://longbridge.com/en/quote/002670.CN.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**