Group 1 - The core viewpoint of the news highlights the significant surge in Chinese AI model stocks, particularly with companies like Zhiyu and MiniMax experiencing substantial price increases, with Zhiyu rising over 130% in five trading days and MiniMax increasing over 40% in the same period [1] - The launch of new AI models such as GLM-5 by Zhiyu and Minimax 2.5 by MiniMax is expected to drive further interest and investment in the sector, with additional models from Alibaba and ByteDance anticipated to be released around the Chinese New Year [1] - Korean retail investors are actively purchasing Chinese AI model stocks, indicating a shift in investment preferences towards emerging technology companies, as evidenced by their buying patterns in the Hong Kong stock market [2][4] Group 2 - Data from the Korea Securities Depository shows that Korean investors have favored stocks like MiniMax and various ETFs related to Chinese technology and semiconductors, reflecting a strong interest in these sectors [2][3] - The Korean stock market has seen a remarkable increase, with the composite index rising by 130% since 2025, largely driven by a few major stocks like Samsung Electronics and SK Hynix, which have contributed significantly to the overall market performance [6][7] - The trend of Korean retail investors converting their currency to invest in foreign markets, including the Chinese stock market, has raised concerns about the depreciation of the Korean won, as highlighted by the Bank of Korea [10][11]

花旗发布研报称，首次覆盖澜起科技(06809)H股，予"买入"评级，目标价205港元，同时澜起科技 (688008.SH)A股目标价由170元人民币升至205元人民币，评级同为"买入"。 报告表示，受惠于人工智能基础设施行业迎来长期性的强劲增长，澜起科技A股年初至今股价已上涨 35%。近期具身智能体属性的人工智能技术发展，亦为储存介及多列直连内存模组业务打开超预期增长 空间。 报告指，澜起科技直接受惠于人工智慧资本支出的企业，同时对其启动正面催化剂观察机制，关注即将 发布的人工智慧资本支出公告，以及人工智慧代理应用推动内存介面需求上行空间。 如何抓住黄金波段机会？聪明钱的选择，黄金+股票一键搞定>> ...

报告表示，受惠于人工智能基础设施行业迎来长期性的强劲增长，澜起科技A股年初至今股价已上涨 35%。近期具身智能体属性的人工智能技术发展，亦为储存介及多列直连内存模组业务打开超预期增长 空间。 花旗发布研报称，首次覆盖澜起科技(06809)H股，予"买入"评级，目标价205港元，同时澜起科技 (688008.SH)A股目标价由170元人民币升至205元人民币，评级同为"买入"。 报告指，澜起科技直接受惠于人工智慧资本支出的企业，同时对其启动正面催化剂观察机制，关注即将 发布的人工智慧资本支出公告，以及人工智慧代理应用推动内存介面需求上行空间。 ...

2月13日，澜起科技盘中下跌2.06%，截至13:29，报164.65元/股，成交35.19亿元，换手率1.83%，总市 值2012.35亿元。 机构持仓方面，截止2025年9月30日，澜起科技十大流通股东中，香港中央结算有限公司位居第一大流 通股东，持股1.45亿股，相比上期增加2972.74万股。易方达上证科创板50ETF（588080）位居第五大流 通股东，持股3911.50万股，相比上期减少828.05万股。华夏上证科创板50成份ETF（588000）位居第六 大流通股东，持股3821.67万股，相比上期减少1415.66万股。嘉实上证科创板芯片ETF（588200）位居 第七大流通股东，持股2599.58万股，相比上期减少117.67万股。华夏上证50ETF（510050）位居第八大 流通股东，持股2187.86万股，相比上期减少60.18万股。华泰柏瑞沪深300ETF（510300）位居第九大流 通股东，持股1950.91万股，相比上期减少86.23万股。易方达沪深300ETF（510310）位居第十大流通股 东，持股1408.93万股，为新进股东。华夏国证半导体芯片ETF（159995）退出十大 ...

Group 1 - The core viewpoint of the article highlights the performance of the Chip Leader ETF (516640), which opened down by 0.67% at 1.179 yuan on February 13 [1] - The major holdings of the Chip Leader ETF include companies such as Cambricon, SMIC, and Haiguang Information, with varying performance; for instance, Cambricon fell by 1.12%, while Northern Huachuang rose by 1.00% [1] - The ETF's performance benchmark is the CSI Chip Industry Index return, managed by Fortune Fund Management Co., Ltd., with a return of 18.79% since its inception on August 19, 2021, and a recent one-month return of -0.29% [1]

Group 1 - The core point of the article highlights the performance of the chip ETF Guangfa (159801), which opened with a decline of 0.63% at 0.953 yuan [1] - Major holdings in the chip ETF include companies like Zhongxin International, which fell by 0.30%, and Haiguang Information, which decreased by 0.89% [1] - The ETF's performance benchmark is the National Securities Semiconductor Chip Index return rate, managed by Guangfa Fund Management Co., Ltd., with a return of 91.88% since its inception on January 20, 2020, and a recent one-month return of 0.16% [1] Group 2 - The article lists the performance of various stocks within the ETF, including Cambrian Technology down by 1.12%, and North Huachuang up by 1.00% [1] - Other notable stock performances include Zhaoyi Innovation unchanged at 0.00%, and Changdian Technology down by 1.35% [1] - The article emphasizes the importance of cautious investment due to market risks, although it does not provide specific investment advice [1]

Group 1 - The core viewpoint of the article highlights the performance of the Sci-Tech Chip ETF managed by Huatai-PineBridge, which opened at a decline of 0.95% on February 13, 2024, priced at 1.771 yuan [1] - The major holdings of the ETF include companies such as SMIC, Haiguang Information, and Cambrian, all of which experienced declines in their stock prices, with the largest drop being 2.78% for Chipone [1] - The ETF's performance benchmark is the Shanghai Stock Exchange Sci-Tech Board Chip Index, with a return of 78.76% since its inception on December 18, 2024, and a monthly return of 1.72% [1]

花旗发表报告，首次覆盖澜起科技H股并予"买入"评级及目标价205港元，A股目标价由170元升至205 元，评级同为"买入"。报告表示，受惠于人工智能基础设施行业迎来长期性的强劲增长，澜起科技A股 年初至今股价已上涨35%。近期具身智能体属性的人工智能技术发展，亦为储存界面及多列直连内存模 块业务打开超预期增长空间。报告指，澜起科技直接受惠于人工智能资本支出的企业，同时对其启动正 面催化剂观察机制，关注即将发布的人工智能资本支出公告，以及人工智能代理应用推动存储器界面需 求上行空间。 ...

Group 1 - The core viewpoint of the article highlights the performance of the Chip ETF Huatai Fu (516920), which opened down by 0.95% at 1.143 yuan on February 13 [1] - The major holdings of the Chip ETF include companies such as Cambricon, which opened down by 1.12%, and SMIC, which fell by 0.30% [1] - The ETF's performance benchmark is the CSI Chip Industry Index return rate, managed by Huatai Fu Fund Management Co., Ltd., with a return of 15.53% since its establishment on July 27, 2021, and a recent one-month return of -0.33% [1] Group 2 - The article lists the performance of various stocks within the ETF, including Haiguang Information down by 0.89%, Northern Huachuang up by 1.00%, and Ziguang Guowei down by 0.83% [1] - The article emphasizes the importance of cautious investment due to market risks, although it does not provide specific investment advice [1]

Core Viewpoint - The semiconductor design sector in the STAR Market is experiencing significant growth, with key stocks showing strong performance and an increase in ETF investments, driven by rising demand and pricing in the memory and storage markets [1][2]. Group 1: Market Performance - The STAR Market Chip Design Theme Index (950162) rose by 1.10% as of February 13, 2026, with notable increases in constituent stocks such as Shengke Communication (+10.18%) and Jiewate (+6.45%) [1]. - The E Fund STAR Chip Design ETF (589030) increased by 0.94%, with a recent price of 1.07 yuan, and has seen a cumulative increase of 6.74% over the past week [1]. - The ETF recorded a turnover rate of 2.01% during the trading session, with a total transaction volume of 9.3767 million yuan [1]. Group 2: Fund Growth and Inflows - The E Fund STAR Chip Design ETF has seen a significant increase in scale, growing by 1.7171 million yuan over the past two weeks, ranking second among comparable funds [1]. - The ETF's share count increased by 14.1 million in the past month, also ranking second among comparable funds [1]. - Over the last ten trading days, the ETF attracted a total of 10.7451 million yuan in inflows [1]. Group 3: Industry Insights - According to TrendForce, DRAM contract prices have risen by over 40% in Q4 2025, with further increases expected in Q1 2026, particularly in the DDR4 market due to supply-demand imbalances [2]. - Wanlian Securities highlights the ongoing AI wave driving demand for key hardware components, suggesting that storage and PCB sectors are in an expansion cycle, with potential growth in AI consumer electronics [2]. - The E Fund STAR Chip Design ETF has achieved an 80.00% weekly profit percentage and a 77.78% monthly profit probability since its inception [2]. Group 4: Fee Structure and Index Composition - The management fee for the E Fund STAR Chip Design ETF is 0.50%, and the custody fee is 0.10%, which are among the lowest in comparable funds [3]. - The STAR Market Chip Design Theme Index primarily includes companies involved in chip design, with digital chip design accounting for 76.8% of the index weight, benefiting from industry uptrends [3]. - As of January 30, 2026, the top ten weighted stocks in the index account for 58.7% of the total index, including companies like Lanqi Technology and Haiguang Information [3].