Venture(US:VEMLY) Sou Hu Cai Jing·2026-01-15 02:58Core Viewpoint - The A-share market has experienced a strong "spring surge" in 2026, with the Shanghai Composite Index nearing 4200 points and record highs in market turnover and margin financing balance. The AI theme has shifted from "computing power" to "AI applications," benefiting software, gaming, and application scenario stocks in the AI industry chain [1][2]. Group 1: AI ETF Investment Matrix - Huabao Fund has established a comprehensive "AI+" ETF investment matrix, focusing on the entire AI industry chain, which is now entering a business harvest period [1][2]. - The flagship product, the Huabao ChiNext AI ETF (159363), has surpassed 5 billion yuan in scale, reaching 5.338 billion yuan as of January 14, 2026, marking it as a leading ETF in the AI sector [2][3]. - The Huabao ChiNext AI ETF (159363) was included in the Hong Kong Stock Exchange's mutual connectivity list, effective January 19, 2026, which is expected to enhance its liquidity [2][3]. Group 2: AI Applications and Software Industry - The enthusiasm for "AI applications" has made domestic software stocks one of the "traffic kings" in the A-share market, with Huabao Fund launching three ETFs focused on the domestic software industry chain [5][6]. - The Financial Technology ETF (159851) has shown strong performance, tracking the China Securities Financial Technology Theme Index, which is closely related to AI applications [5]. - The Big Data ETF (516700) and the Xinchuang ETF (562030) are positioned to meet the growing demand for domestic alternatives in the information technology application innovation sector [6]. Group 3: Hong Kong Market and AI Ecosystem - The Hong Kong Internet ETF (513770) targets AI ecosystem companies with model or application capabilities, including major players like Tencent and Alibaba, and has reached a scale of 14.9 billion yuan as of January 14, 2026 [7][8]. - The Hong Kong Information Technology ETF (159131) is the first ETF tracking the China Securities Hong Kong Stock Connect Information Technology Comprehensive Index, enhancing Huabao Fund's weight in the Hong Kong and AI hard technology sectors [8]. Group 4: AI in Healthcare and Automotive - The Huabao Medical ETF (512170) focuses on medical devices and services, with a scale exceeding 27.83 billion yuan, making it the largest in its category [10][11]. - The Automotive ETF (520780) tracks the Hong Kong Stock Connect Automotive Industry Theme Index, providing exposure to AI applications in the automotive sector, which is expected to undergo significant transformation [10].