Group 1 - The core viewpoint is that HSBC Qianhai Securities anticipates an acceleration in power grid investment by 2026, following historical trends where the first year of the "Five-Year Plan" typically sees high investment levels [1] - In 2025, the last batch of backbone network equipment tenders by the State Grid saw a total tender amount increase of 88% year-on-year, indicating a rapid increase in UHV (Ultra High Voltage) grid investment [1] - The progress of UHV AC projects is expected to be faster than previously anticipated, benefiting from more mature technology and shorter coverage areas compared to UHV DC projects [1] Group 2 - The Electric Grid ETF (561380) tracks the Hang Seng A-share Electric Grid Equipment Index (HSCAUPG), which encompasses multiple sub-industries including electronic equipment, instruments, and components, primarily focusing on the manufacturing sector while also considering technology and cyclical sectors [1]
电网ETF（561380）连续3日资金净流入，2026年电网投资或将加速
Mei Ri Jing Ji Xin Wen·2026-01-14 06:31