华泰证券研报称，展望下半年中国和全球半导体设备市场，看好以下三大投资机会：1.生成式AI推动 下，先进工艺逻辑和先进封装需求继续增加带来的机会。2.中国大陆先进工艺扩产的结构性机会。3.美 国出口限制政策下，中国市场设备份额"东升西降"的投资机会。 没有股票账户的投资者还可以通过科创芯片ETF南方（588890）连接基金（A：021607；C：021608） 布局芯片板块投资机遇。 来源：金融界 金融界6月19日消息，周四A股三大股指小幅低开，盘面上，PCB概念、人形机器人概念股涨幅居前， 截至11：00，半导体ETF南方（159325）涨0.98%，科创芯片ETF南方（588890）涨0.73%。 热门个股方面，半导体ETF南方（159325）成分股炬芯科技涨超12%，扬杰科技涨超5%，科创芯片ETF 南方（588890）成分股中科飞测涨超3%，中芯国际、寒武纪-U等跟涨。 消息面上，6月18日，证监会发布《关于在科创板设置科创成长层 增强制度包容性适应性的意见》。其 中提出，健全投资和融资相协调的市场功能。丰富科创板指数及ETF品类，将科创板ETF纳入基金投顾 配置范围，促进更多中长期资金向发展新质生产力 ...

Group 1 - The article highlights the significant interest from public funds in the semiconductor and general equipment sectors, with 125 public funds conducting intensive research on 210 A-shares from May 12 to May 18, 2025 [2][3] - The semiconductor industry led the research frequency with 76 instances, indicating strong expectations for domestic semiconductor replacement processes [4][5] - The general equipment sector followed with 60 research instances, reflecting institutional intentions for comprehensive layout in high-end equipment manufacturing [4][5] Group 2 - The semiconductor industry is expected to break through cycles, with historical experiences suggesting that tariff impacts are temporary and do not hinder overall economic development [6][7] - The domestic semiconductor market has seen substantial growth, with sales of semiconductor equipment projected to rise from under $20 billion in 2010 to nearly $50 billion by 2024 [7][8] - The article notes that more domestic manufacturers are entering the high-end chip industry, marking a significant rise in China's technological capabilities [11] Group 3 - The article discusses the contrasting performance of Chinese and American tech stocks in 2025, with Chinese tech stocks showing gains of over 20% to 30% while American tech stocks averaged a decline of 5.9% [12][13] - The rise of Chinese tech stocks is attributed to technological leaps, domestic replacement, and valuation recovery, with companies like Chip Origin seeing significant stock price increases despite previous losses [15][16] Group 4 - The innovative drug sector is experiencing a revolutionary moment, with a growing market space driven by an aging population and increased health investments [33][34] - The Hang Seng Healthcare Index has risen by 31.89% since the beginning of the year, outperforming other indices [36] - The article highlights a record-breaking agreement between a domestic pharmaceutical company and Pfizer, marking a significant milestone for domestic innovative drugs [38][39] Group 5 - The innovative drug industry is transitioning from a "follower" to a "leader" position, with a notable increase in the number of innovative drug pipelines and global first-in-class drugs [46][49] - The article mentions that the innovative drug sector has received substantial policy support across various stages, contributing to its growth [50] - The performance of innovative drug-related ETFs has been strong, with many achieving returns above 30% this year [47][49]

相关产品： 科创芯片ETF南方(588890)，场外联接(A类：021607；C类：021608)；半导体ETF南方 (159325)。 中银证券认为，美国进一步收紧AI芯片出口管制措施，短期内会给国内相关企业造成压力，但长期来 看则有望促进国产软硬件生态的协同发展。 中信证券指出，建议未来6—12个月跟踪半导体板块的两条主线为：1）若后续关税政策反转，关注估值 便宜且后续盈利预测有望修复的公司。2）中短期防御性标的，关注受关税政策影响相对较小的AI板块 和半导体软件板块。 科创芯片ETF南方(588890)紧密跟踪上证科创板芯片指数，上证科创板芯片指数从科创板上市公司中选 取业务涉及半导体材料和设备、芯片设计、芯片制造、芯片封装和测试相关的证券作为指数样本，以反 映科创板代表性芯片产业上市公司证券的整体表现。指数前十大权重股分别为中芯国际、海光信息、寒 武纪、澜起科技、中微公司、芯原股份、恒玄科技、沪硅产业、思特威、华润微。 截至2025年5月26日 10:23，科创芯片ETF南方(588890)上涨0.97%，盘中换手7.22%，成交4035.67万元。 跟踪指数上证科创板芯片指数(000685)上涨0. ...