Venture(US:VEMLY) Zheng Quan Shi Bao Wang·2025-12-19 07:44Core Insights - The launch of the Huatai-PB AI ETF (159139) on December 19, 2025, marks a significant step in providing investors with a quality index tool to participate in the rapidly evolving AI sector [1][5][7] Group 1: Index Characteristics - The Huatai-PB AI ETF tracks the newly launched Zhongzheng Innovation and Entrepreneurship AI Index, which consists of 50 leading companies focused on AI technology development, hardware support, and commercial applications across various verticals [1][2] - The index is unique as it spans both the Sci-Tech Innovation Board and the Growth Enterprise Market, capturing a diverse range of AI enterprises with strong growth potential [1][2] - The index emphasizes high purity by focusing on key areas of the AI industry, ensuring a strong correlation with core segments of the AI value chain, thus avoiding dilution of funds into peripheral sectors [2] Group 2: Performance and Growth Potential - The Zhongzheng Innovation and Entrepreneurship AI Index has shown a remarkable increase of 87.05% over the past year, outperforming other AI indices and demonstrating significant growth potential for investors interested in the Chinese AI sector [3] - The index's constituent companies are characterized by high elasticity and growth potential, driven by technological breakthroughs and surging demand, which may lead to performance growth exceeding that of traditional industries [3][4] Group 3: Research and Development Focus - The index reflects a strong emphasis on research and development, with a median R&D expenditure to revenue ratio of 19% among its constituent companies, indicating a robust commitment to innovation [4] - This R&D intensity is higher compared to similar indices, suggesting a greater potential for growth and value creation within the index [4] Group 4: Policy and Market Context - The index aligns well with national strategic directions for AI development, as outlined in the government's "AI+" action plan, positioning it to benefit from the ongoing advancements in the AI sector [5][6] - Recent regulatory adjustments, such as the reduction of risk factors for insurance companies holding Sci-Tech Innovation Board stocks, may enhance long-term investment flows into the AI sector [5][6] Group 5: Management Expertise - Huatai-PB Fund, with 19 years of experience in index investment, manages a leading portfolio of ETFs, including the largest in the domestic market, indicating strong operational capabilities [7] - The fund's extensive experience in the hard technology investment space positions it well to manage the new AI ETF effectively [7]