商业航天再迎政策利好，通用航空ETF基金（561660）受益航天新纪元

Group 1 - The General Aviation ETF (561660) tracks the China Securities General Aviation Theme Index, focusing on commercial aerospace and low-altitude economy, with over 70% exposure to the military sector [1] - The ETF saw an intraday increase of over 6.0%, driven by a strong performance in the satellite industry and the military sector [1] - A significant catalyst for the military sector comes from Trump's proposal to increase the U.S. military budget from $1 trillion to $1.5 trillion for the fiscal year 2027 [1] Group 2 - Guangzhou aims to become a new hub for commercial aerospace, focusing on building a series of advanced, cost-effective, and reliable launch vehicle industrial bases [2] - The city plans to explore the establishment of a civil unmanned aerial vehicle testing zone to foster new technologies, models, and business formats in the low-altitude economy [2] Group 3 - The commercial aerospace sector is entering a new era driven by policy support and accelerated industrialization, with the "14th Five-Year Plan" outlining the goal of becoming a "space power" [3] - The National Space Administration has issued an action plan for the high-quality and safe development of commercial aerospace from 2025 to 2027, indicating more local government and industry support policies to come [3] - The global competition for low Earth orbit satellites and spectrum is intensifying, with domestic large constellation networking plans accelerating and breakthroughs in reusable rocket technology expected to lead to explosive growth in orders and performance in commercial aerospace [3] Group 4 - The General Aviation ETF (561660) benefits from the accelerated development of both commercial aerospace and the low-altitude economy, supported by significant catalysts [4]