Mei Ri Jing Ji Xin Wen·2025-11-11 02:01Core Viewpoint - The recent guidance from the National Development and Reform Commission and the National Energy Administration aims to establish a multi-level system for the consumption and regulation of renewable energy by 2030, ensuring efficient integration and utilization of renewable energy sources [1]. Group 1: Market Performance - The ChiNext New Energy ETF (159368) opened high and rose by 1.53%, with significant gains in its holdings, including a 20% limit up for Lai Co., over 10% increase for Shuneng Electric, and over 7% for Penghui Energy [1]. - The ChiNext New Energy ETF is the largest ETF tracking the ChiNext New Energy Index, which covers various sectors including batteries and photovoltaics [2]. Group 2: ETF Characteristics - The ChiNext New Energy ETF has the highest elasticity, with a potential increase of 20%, and the lowest fee structure, with a total management and custody fee of only 0.2% [2]. - As of October 31, 2025, the ETF's scale reached 829 million, with an average daily trading volume of 90.05 million over the past month [2]. - The ETF has a significant focus on storage, with 58% of its holdings in storage and 31% in solid-state batteries, aligning with current market trends [2]. Group 3: Industry Outlook - Huatai Securities expresses optimism about the steady increase in China's electrification rate, which will be mutually reinforced by grid upgrades and the development of new storage systems, accelerating the construction of a new power system [1].