机构：反内卷有望重估中国化工行业！化工ETF天弘(159133)昨日获资金逆市净申购超2000万份，为深市同标的唯一净申购

Group 1 - The core viewpoint of the news highlights the performance of the Tianhong Chemical ETF (159133), which saw a turnover of 4.91% and a trading volume of 23.71 million yuan as of December 16, 2025, while the tracked index, the CSI Sub-Industry Chemical Theme Index (000813), declined by 1.46% [1] - The Tianhong Chemical ETF (159133) experienced a significant net subscription of 21.5 million units, making it the only product in the Shenzhen market with a net subscription for the same index [1] - Over the past week, the Tianhong Chemical ETF (159133) saw an increase in scale by 6.02 million yuan and an increase in shares by 16.5 million units, indicating strong growth [2] Group 2 - The Ministry of Industry and Information Technology has initiated a project to enhance the innovation of key products in fine chemicals by 2025, aiming to improve the efficiency of technology transfer and promote collaborative innovation in the petrochemical industry [2][3] - The focus of this initiative will be on critical demand areas such as new energy vehicles, medical equipment, mobile communication devices, rail transportation, and marine engineering, targeting 50 advanced and innovative fine chemical products [3] - Guohai Securities believes that the re-evaluation of the Chinese chemical industry could lead to a significant slowdown in global chemical capacity expansion, potentially transforming the industry from a cash-consuming entity to a cash-generating one, with improved dividend yields and resilience in the supply chain [3]