On August 22, the three major indices surged together, with the Shanghai Composite Index attacking the 3800 mark, briefly touching 3793 points during the session. In terms of sector performance, GPUs and servers led the gains, while fintech and securities firms experienced volatile rallies during the session. As of 10:58, Fintech ETF Hua Xia (516100) rose 2.33%, with its net value reaching a record high of 1.629 since inception. Its holdings included Global InfoTech, which surged 13.38%, Hengyin Technology hitting the limit-up, and Compass, Starring Tech, and Wealth Trend all strengthening. Securities ETF Fund (515010) rose 1.69%, with its holding Cinda Securities hitting the limit-up, while Huaxin Co., Ltd., Dongxing Securities, GF Securities, and other stocks also advanced.
J.P. Morgan stated in a report that given leverage and valuations remain at moderate levels, the upward momentum in Chinese stocks is expected to continue. It estimated that potential asset rotation could inject an additional RMB 14 trillion in liquidity into the stock market, equivalent to about 16% of the circulating market cap. J.P. Morgan analyst Katherine Lei wrote in the report that asset rotation and rising excess liquidity are the main drivers of the Chinese stock market rebound.
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Fintech ETF Hua Xia (516100) closely tracks the CSI Fintech Theme Index, covering software development, internet finance, and the digital currency industry chain. It combines financial and technological attributes and is hailed as the "new bull market flag bearer," expected to benefit from both the market recovery and AI-driven catalysts.
Securities ETF Fund (515010) tracks the Securities Company Index (code: 399975), with the top ten constituent stocks accounting for 60.73% of the index weight. It provides one-click access to leading securities firms and is known as the bull market flag bearer, directly benefiting from the recovery of the A-share market. Its total management and custody fee is 0.2%, making it the lowest-cost investment target in the current market, helping investors布局 the securities sector with low fees.
