Sou Hu Cai Jing·2025-06-05 05:54Group 1 - The merger and resumption of trading for Zhongke Shuguang and Haiguang Information is expected to lead to a surge in the semiconductor and computing sectors, prompting significant buying activity in the Xinchuang ETF funds for short-term arbitrage [1][3] - The Xinchuang ETF funds track the Guozheng Xinchuang Index, which has a high allocation to Zhongke Shuguang and Haiguang Information, but the influx of capital may dilute excess returns due to high investor attention [1][2] - Alternative ETFs, such as the Semiconductor Equipment ETF (561980) and Cloud Computing ETF (159890), have lower capital inflow and higher potential returns from the two stocks, making them more attractive for investment [1][3] Group 2 - The Semiconductor Equipment ETF has a nearly 9% weight in Haiguang Information, while the Cloud Computing ETF has over 4% in Zhongke Shuguang, positioning them well for potential gains post-resumption [1][2] - The current low inflow of funds into these ETFs presents a favorable arbitrage opportunity, as they are less likely to experience dilution of returns compared to the Xinchuang ETFs [3] - The merger of Haiguang Information and Zhongke Shuguang is expected to enhance the entire supply chain from chip design to server and computing services, positively impacting the semiconductor and computing sectors [3]