Core Insights - China places significant emphasis on the development of the chemical industry, being the world's highest in chemical capital intensity and the largest in chemical R&D investment [1] - In 2023, China's chemical capital expenditure and R&D expenses accounted for 43% and 32% of the global total, respectively, indicating a strong leading position [1] - High levels of capital investment are driving the enhancement of chemical production capacity, strengthening economies of scale, and deepening industry chain collaboration, which is gradually establishing a solid cost moat for China's chemical industry and reshaping the global competitive landscape [1] Industry Overview - The Chemical Leaders ETF (516220) tracks a specialized chemical index (000813) that focuses on sub-sectors within China's chemical industry [1] - This index includes key segments such as chemical raw materials, fertilizers and pesticides, and coatings, inks, and pigments [1] - The index selects representative listed companies within the industry as constituent stocks to reflect the overall performance and market trends of related listed companies in the chemical sub-sectors [1]