每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 热门ETF中，同类费率最低的创业板人工智能ETF华夏（159381）盘中成交额快速突破5650万元。 资金积极布局，近20个交易日，该ETF获得资金净流入超1.2亿元。资料显示，创业板人工智能ETF华夏 （159381）跟踪创业板人工智能指数（970070.CNI），光模块CPO权重占比超50%，其中前三大权重 股为新易盛（20.3%）、中际旭创（18.8%）、天孚通信（6.5%）。场外联接（A类：025505；C类： 025506） 近期算力方向波动加剧，快速上涨后有资金批量止盈，长期来看以光模块和PCB为代表的上游算力 产业链对英伟达、微软等海外科技企业出口较多，近年来海外营收比重持续攀升，随着国内算力提速， 需求增速有望提升。兴业证券表示，今年下半年以来，随着北美巨头资本开支上修、产业链技术持续迭 代，市场对A股北 ...

Core Insights - The A-share market experienced a decline, with all three major indices dropping over 1%, while the AI computing and technology sectors initially opened strong but followed the overall market trend downwards [1] - Nvidia and OpenAI announced a strategic partnership to build and deploy at least 10 gigawatts of AI data centers, which will involve an investment of up to $100 billion from Nvidia [1] - The AI computing industry is expected to continue its growth trajectory, with significant performance releases anticipated in the coming years, indicating a high level of industry vitality and visibility [2] Market Performance - The AI computing sector, particularly the light module CPO concept stocks, saw significant declines, with the ChiNext AI index dropping over 2% and individual stocks like Guangku Technology falling nearly 8% [1] - The trading volume for popular ETFs was high, with the lowest fee ChiNext AI ETF (159381) exceeding 170 million yuan in trading volume, and the largest 5G communication ETF (515050) surpassing 900 million yuan [1] Industry Outlook - The capital expenditure for computing power remains in a high growth phase, with the domestic market accelerating in line with global AI development [2] - Nvidia is expected to continue upgrading its GPU capabilities, and North American cloud computing giants are increasing their investments, which will benefit companies closely related to the overseas AI industry chain [2] - By 2025, the AI computing industry chain is projected to accelerate further, driven by evolving demand in inference, creating broader growth opportunities [2] ETF Selection - The ChiNext AI ETF (159381) tracks the ChiNext AI index, with over 50% weight in light module CPO stocks, and has a low fee rate of 0.20% [3] - The 5G communication ETF (515050) focuses on the Nvidia, Apple, and Huawei supply chains, with a weight of 38% in light module CPO stocks and 14% in PCB circuit board stocks [3]

2024年9月23日，被誉为"中国版标普500"的 中证 A500指数 正式发 布，一经发布便激起千层 浪，获得资本市场广泛关注。 而这一年的A股市场，也经历了 从冰点到沸点的 史诗级反转与蜕变。作为新一代核心宽基指数，中 证A500指数的波澜走势，也如温度计一般，记录着市场的情绪水温，见证着一个个历史性的瞬间。 问来路，几多波折和灿烂 这一年，924超预期政策"组合拳"（包括降准、降息、下调存量房贷利率，以及创设股市支持工具） 如春雷炸响，融化市场寒冰。市场快速回暖下，指数在短短几个交易日内大幅飙升，ETF迎来批量涨 停的高光时刻。 这一年，"对等关税"冲击下，稳步抬升的市场经受了"倒春寒"考验，光模块CPO、光伏等出海方向 盘中重挫，而今也早已收复此前跌幅。 这一年，AI叙事向纵深处演绎，光模块CPO成为年内最靓板块之一，AI三姐妹——创业板人工智能、 科创人工智能、CS人工智区间涨幅均超100%。 这一年，我们见证了多个10年新高：2024年10月，A股投资者新开户数达684.68万户；2025年8 月，两融余额突破2万亿元；2025年8月，时隔十年沪指再度突破3880。 这一年，ETF蓬勃发展，成为场 ...

Group 1 - The A-share market showed a recovery in sentiment on September 5, with strong performances in sectors such as new energy and optical module CPO [1] - The A500 ETF fund (512050) tracking the CSI A500 index rose by 1.47%, with a trading volume exceeding 4 billion yuan, leading its category [1] - Key stocks like Tianhua New Energy hit the daily limit, while others such as Xian Dao Intelligent, Jinlang Technology, and Jing Sheng Machinery saw increases of over 10% [1] Group 2 - Recent market volatility is viewed as a necessary adjustment within a "healthy bull" environment, allowing for digestion of previous rapid gains and structural differentiation [1] - The core logic supporting the current market trend remains unchanged, indicating that the overall upward direction of the index is still intact, with a focus on structural over timing considerations [1] - The new generation core A500 ETF (512050) aids investors in capturing market opportunities by providing a one-click access to core A-share assets, covering all 35 sub-industries [1]

Core Viewpoint - The A-shares market is experiencing a strong upward trend, with the CSI A500 index rising significantly, driven by the technology sector and specific stocks reaching their daily limit [1][4]. Group 1: Market Performance - As of August 22, 2025, the Shanghai Composite Index has surpassed 3800 points, marking a new high for the period [1]. - The CSI A500 index has increased by 1.73%, with notable performances from stocks such as Kunlun Wanwei and Haiguang Information, which hit the daily limit, and Cambrian Technology, which rose by 17.38% [1]. - The A500 ETF managed by Jiashi has seen a rise of 1.74%, achieving three consecutive days of gains [1]. Group 2: Liquidity and Trading Activity - The A500 ETF Jiashi recorded a turnover rate of 25.28% during the trading session, with a total transaction volume of 3.209 billion yuan, indicating active market trading [4]. - Over the past week, the average daily trading volume for the A500 ETF Jiashi was 3.372 billion yuan [4]. - The latest scale of the A500 ETF Jiashi has reached 12.549 billion yuan [4]. Group 3: Performance Metrics - As of August 21, 2025, the A500 ETF Jiashi has seen a net value increase of 9.18% over the past six months [4]. - The highest monthly return since inception for the A500 ETF Jiashi was 4.48%, with the longest consecutive monthly gains being three months and the maximum gain during that period being 10.04% [4]. - The A500 ETF Jiashi has outperformed its benchmark with an annualized excess return of 8.21% over the last three months [4]. Group 4: Top Holdings - As of July 31, 2025, the top ten weighted stocks in the CSI A500 index include Kweichow Moutai, CATL, Ping An Insurance, and others, collectively accounting for 19.83% of the index [4].