During early trading today, the A-share market showed divergent trends, with the STAR Market bucking the trend and strengthening. As of 11:20, the benchmark index of the STAR Market 50 ETF (588080) had gained over 1%. Among its component stocks, VeriSilicon Microelectronics surged more than 17%, Amlogic rose over 7%, while BIWIN Storage and Bestechnic both advanced over 6%.

According to recent disclosures from the Ministry of Science and Technology, China's investment in science and technology continued to increase during the "14th Five-Year Plan" period. In 2024, national R&D expenditure exceeded 3.6 trillion yuan, a 48% increase compared to 2020. The R&D intensity reached 2.68%, surpassing the average level of EU countries. The number of high-tech enterprises in China exceeded 500,000 in 2024, an 83% increase from 2020.

Some securities firms noted that robust R&D investment is expected to drive sustained growth in China's economy, and the A-share market is highly likely to continue its volatile upward trend. AI will be the main theme of the market going forward. On one hand, the prosperity of overseas computing power industrial chains will boost the A-share market, as overseas demand for computing power remains substantial, and the performance of leading companies validates the tech narrative. On the other hand, the trend of new quality productive industries is upward, and the importance of self-reliance and controllability logic is increasing. Although tech stocks have seen significant short-term gains, the level of泡沫化 is not high. The development direction, with artificial intelligence at its core, is very clear. Therefore, with large financial sectors controlling the pace of the index and large tech sectors leading the development of the real economy, the market trend remains very healthy.

Data shows that the SSE STAR Market 50 Index consists of the 50 largest and most liquid securities on the STAR Market, reflecting the overall performance of the most market-representative sci-tech innovation enterprises. The semiconductor industry accounts for over 65% of the index's weighting. The STAR Market 50 ETF (588080), which tracks this index, implements the lowest tier of management fees among ETFs at 0.15% per year, helping investors to cost-effectively invest in leading "hard tech" companies.