空天地一体化发展再提速，同类规模最大的通用航空ETF(159378)暴涨超7%，成分股掀涨停潮

Core Insights - The largest general aviation ETF (159378) has surged by 7.02% as of January 12, 2026, with significant gains in constituent stocks such as Tianyin Electromechanical, China Satellite, Beidou Star, Haige Communication, and Aerospace Electronics, all reaching their daily limit up [1] Industry Developments - China has submitted over 200,000 low-orbit satellite frequency applications to the International Telecommunication Union (ITU), with a constellation led by the Radio Innovation Institute comprising 190,000 satellites, indicating a strong national strategy for spectrum development and 6G integration [2] - The newly revised Civil Aviation Law, effective July 1, 2026, systematically incorporates "low-altitude economy," removing barriers to industry development, while the 14th Five-Year Plan identifies low-altitude economy as a strategic emerging industry cluster [3] - The national civil aviation conference has shifted the policy focus for low-altitude economy from "pilot exploration" to "system integration," aiming to establish a comprehensive policy framework [3] Market Opportunities - The low-altitude economy is experiencing accelerated development driven by both policy and resource support, with over 600 commercial aerospace companies in China and 25 launch sites, enhancing the pace of satellite constellation deployment and validating reusable rocket technology [4] - The general aviation ETF (159378) focuses on low-altitude economy and drones, benefiting from the dual boost of "new combat capabilities" and "new production capabilities," and is significantly impacted by the rapid development of integrated air-space-ground systems [4] - The ETF is the first and largest of its kind in the market, with constituent stocks related to low-altitude economy, satellite communication, and drone concepts [4]