1月28日，A股三大指数表现分化，沪指再次走出"W"态势收涨0.27%，创业板指跌0.57%。行情逻辑围绕"涨价"主线展开，资源品全线走强，有色领涨两 市。全市场超3600只个股下跌，两市成交额2.97万亿元。 | 序号 代码 | | 名称 | 现价 | | 涨跌 涨跌幅 ▼ | | --- | --- | --- | --- | --- | --- | | 1 | 159876 主 | 有色ETF华宝 | 1.324 c | 0.086 | 695% | | 2 | 159220 | 跨 港股通红利低波ETF华宝 T+0 | 0.636 c | 0.017 | 2.75% | | 3 | 516020 | 主 化工ETF | 0.993 c | 0.024 | 2.48% | | 4 | 520560 | 跨 香港大盘30ETF T+0 | 0.968 c | 0.022 | 2.33% | | 5 | 159707 | 行 地产ETF | 0.644 c | 0.013 | 2.06% | | 6 | 562080 | 策 300现金流ETF | 0.650 c | 0.013 | 2.04% | | 7 ...

1月28日，A股三大指数表现分化，沪指再次走出"W"态势收涨0.27%，创业板指跌0.57%。行情逻辑围 绕"涨价"主线展开，资源品全线走强，有色领涨两市。全市场超3600只个股下跌，两市成交额2.97万亿 元。 | 序号 代码 | | 类型 名称 | 现价 | | 涨跌 涨跌幅 ▼ | | --- | --- | --- | --- | --- | --- | | 1 | 159876 | 主 有色ETF华宝 | 1.324 c | 0.086 | 6.95% | | 2 | 159220 | 跨 港股通红利低波ETF华宝 T+0 | 0.636 c | 0.017 | 2.75% | | 3 | 516020 | 主 化工ETF | 0.993 c | 0.024 | 2.48% | | 4 | 520560 | 跨 香港大盘30ETF T+0 | 0.968 c | 0.022 | 2.33% | | 5 | 159707 | 行 地产ETF | 0.644 c | 0.013 | 2.06% | | 6 | 562080 | 策 300现金流ETF | 0.650 c | 0.013 | 2.04% ...

| | | 分时 $日 1分 5分 15分 30分 60分 日 周 月 · | | | | | F9 盘前盘后 叠加 九和 面线 工具 @ 1> | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.992 | | | | 159131[瑞股信息技术ETF] 14:17 价 0.990 涨跌 0.018(1.85%) 均价 0.982 成交量 125 IDPV 0.9920 | | | | | | 0.990 +0.018 +1.85% | | | | | | | | | | | | | SZSE CNY 14:17:27 交易中 查看L2全国 | | | | | | | | | | | 1,04% | 净值速势 | 华宝中证港股通信息技术综合ET | | | | | | | | | | | | 委出 | 32.42% 委前 | 23940 | | 0.972 | | | | | | | | 0.00% | 旋五 10.05 | 0.994 0.993 | 1276 | | | | | | ...

注："全市场首只"是指首只跟踪中证港股通信息技术综合指数的ETF。中证港股通信息技术综合指数设 置单个样本权重上限为15%，伴随个股市值波动权重占比会产生相应变化，可能会出现超过15%的情 形。指数样本每半年调整一次，届时单个样本权重上限一般会平衡至15%。近期市场波动可能较大，短 期涨跌幅不预示未来表现。请投资者务必根据自身的资金状况和风险承受能力理性投资，高度注意仓位 和风险管理。 风险提示：港股通信息技术ETF被动跟踪中证港股通信息技术综合指数，该指数基日为2014.11.14，发 布于2017.6.23。材料中指数成份股仅作展示，个股描述不作为任何形式的投资建议，也不代表管理人旗 下任何基金的持仓信息和交易动向。本产品由华宝基金发行与管理，代销机构不承担产品的投资、兑付 和风险管理责任。投资人应当认真阅读《基金合同》、《招募说明书》、《基金产品资料概要》等基金 法律文件，了解基金的风险收益特征，选择与自身风险承受能力相适应的产品。基金过往业绩并不预示 其未来表现，基金管理人管理的其他基金的业绩并不构成基金业绩表现的保证，基金投资须谨慎！基金 管理人评估的该基金风险等级为R4-中高风险，适宜积极型（C4 ...

进入2026年，港股表现高靓，诸多港股通ETF一跃成为投资者参与港股进攻行情"锋利的矛"。 业内知名策略分析师张忆东此前指出，本轮港股将走出超级长牛，且中长期看，科技仍是市场主线。 "2025年四季度，港股是令人失望的板块，但这或许是2026年可能表现不错的重要原因。进入1月，港股 单日成交额不到3000亿港元，而A股单日成交额一度达到30000亿元，这意味着一旦A股10%资金溢出到 港股，港股的活跃度会出现一倍的提升，当然前提假设还是预期A股上半年市场会保持较好的交易环 境。所以我们认为港股现在只差一个逻辑，一旦逻辑修正就会出现整体性且快速的估值拉升。"港股互 联网ETF（513770）基金经理曹旭辰近日表示。 火热行情下，千亿ETF大厂华宝基金旗下的港股ETF战队，凭借突出的创新能力和特色产品线，受到资 金追捧。 如此势头下，华宝基金ETF业务迎来新年开门红。截至2026年1月27日，华宝基金旗下权益ETF管理规 模首超1400亿元大关，达到1404.80亿元，稳居行业十强，较2024年底规模增幅高达71.78%。（数据来 源：沪深证券交易所） 这些港股ETF普遍支持T+0交易，投资效率更高；行业主题丰富 ...

Core Insights - The article highlights the significant growth and market interest in the Huabao AI ETF (159363), which has reached a scale of 6.303 billion yuan, making it the largest and most liquid AI-themed ETF in the dual innovation sector as of January 22, 2026 [1][4][5]. Fund Performance - The Huabao AI ETF experienced a rapid increase in scale, growing from over 5 billion yuan to over 6 billion yuan within just three trading days (January 14-19, 2026) [1]. - As of January 22, 2026, the ETF's average daily trading volume over the past six months exceeded 800 million yuan, indicating strong market activity [1][4]. Market Position - The Huabao AI ETF has surpassed 24 other similar AI-themed ETFs targeting the ChiNext and Sci-Tech Innovation Board, establishing itself as the "new king" in the dual innovation sector [1][4]. - It is the first ETF in the market to track the "ChiNext AI Index," which reflects the price changes of listed companies related to the AI theme on the ChiNext board [6][7]. Investment Strategy - The ETF is strategically positioned to capture the growth of AI commercialization, with approximately 60% of its portfolio allocated to computing power (primarily optical modules) and 40% to AI applications, effectively covering the entire AI industry chain [7][8]. - The fund manager emphasizes the ETF's dual focus on computing power and AI applications, aiming to benefit from the ongoing growth in AI commercialization [7]. Broader ETF Matrix - Huabao Fund has developed a comprehensive "AI+" ETF investment matrix, which includes various products that cover the entire AI industry chain, such as the Sci-Tech AI ETF and other thematic ETFs focused on financial technology and big data [8][9]. - The matrix also includes ETFs targeting specific applications of AI, such as healthcare and smart driving, indicating a strategic diversification in investment offerings [10][11].

Core Insights - The Huabao Entrepreneurial Board AI ETF (159363) has reached a scale of 6.303 billion yuan, becoming the largest and most liquid AI ETF in the dual innovation track as of January 22, 2026 [1][16] - The ETF's scale increased from over 5 billion to over 6 billion yuan within just three trading days, highlighting its strong market appeal [1][16] - The ETF is the first in the market to track the "Entrepreneurial Board AI Index," which reflects the stock price changes of companies related to the AI theme [5][20] Fund Performance - As of January 22, 2026, the ETF has a daily average trading volume exceeding 800 million yuan over the past six months, indicating its high liquidity [1][16] - On January 22, the ETF's price surged by 3.03%, with a net subscription of 22 million units, and it has seen an increase of nearly 2 billion yuan in the past ten days [5][20] Investment Strategy - The ETF's manager believes in a dual-line layout of computing power and AI applications, covering the entire AI industry chain from infrastructure to deep integration with various sectors [6][21] - Approximately 60% of the ETF's holdings are allocated to computing power (mainly optical modules), while about 40% are invested in AI applications, positioning it to benefit from the commercialization of AI [6][21] Product Matrix - Huabao Fund has established a comprehensive "AI+" ETF investment matrix, including various products that cover the entire AI industry chain [8][23] - The matrix includes the Sci-Tech Innovation AI ETF and other thematic ETFs focusing on financial technology, big data, and AI applications in various sectors [8][23] Market Trends - The AI sector is transitioning from concept to industrialization, with application scenario ETFs expected to witness significant potential [10][25] - The healthcare sector is identified as a crucial area for AI applications, with potential impacts on clinical diagnosis, medical software upgrades, and drug development [10][25]

Core Viewpoint - The A-share market experienced a slight pullback on January 16, with the Shanghai Composite Index barely holding above the 4100-point mark, while the electronic sector showed resilience, leading gains in the market [1][4]. Market Performance - The Shanghai Composite Index closed down 0.26% at 4101.91 points, the Shenzhen Component Index fell 0.18%, and the ChiNext Index decreased by 0.20% [1]. - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 30,568 billion yuan, an increase of 1,180 billion yuan compared to the previous day [1]. Sector Highlights - The electronic sector was the standout performer, with the electronic ETF (515260) rising by 2.7%, and the smart manufacturing ETF (516800) increasing by 2.42% [1][2]. - The new materials and new energy sectors also saw some individual stocks perform well, with the new materials ETF (516360) and the smart electric vehicle ETF (516380) both gaining over 1% [1]. Downward Trends - The AI medical concept continued to cool off, with the largest medical ETF (512170) dropping by 2.6% [1]. - AI application stocks experienced a broad pullback, with the ChiNext AI ETF (159363) declining by 1.81% [1]. Capital Inflows - The electronic sector attracted a net inflow of 30.511 billion yuan, leading all 31 first-level industries in terms of capital absorption [8]. - Key stocks within the electronic ETF, such as Zhaoyi Innovation and Changdian Technology, attracted significant capital inflows of 4.538 billion yuan and 3.181 billion yuan, respectively [8][9]. Policy Support - The central bank implemented a series of measures to support high-quality economic development, including a 0.25 percentage point reduction in re-lending and rediscount rates, and an increase in the re-lending quota for small and medium-sized enterprises by 500 billion yuan [2][3]. Future Outlook - Analysts predict that A-shares may see considerable incremental capital by 2026, potentially sustaining a slow bull market [3]. - The focus is expected to shift towards verifying economic conditions and performance, with active funds reinforcing a dual-line strategy of "technology + resource products" [3].

Market Overview - The three major A-share indices experienced slight declines on January 16, with the Shanghai Composite Index closing at 4101.91 points, down 0.26% [1][22] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 30,568 billion yuan, an increase of 1,180 billion yuan compared to the previous day [1][22] Sector Performance - The electronic sector led the market, with the Electronic ETF (515260) rising by 2.7%, marking three consecutive days of gains [3][24] - The Intelligent Manufacturing ETF (516800) also performed well, closing up 2.42% [1][22] - The New Materials ETF (516360) and the Intelligent Electric Vehicle ETF (516380) both saw gains of over 1% [1][22] Notable Stocks - Semiconductor leaders such as Longji Technology, Zhaoyi Innovation, and Tongfu Microelectronics hit the daily limit, while Huazhong Microelectronics rose over 13% [5][26] - The largest medical ETF (512170) fell by 2.6%, indicating a cooling trend in AI medical concepts [1][22] Monetary Policy Impact - The central bank implemented a series of measures to support high-quality economic development, including a 0.25 percentage point reduction in re-lending and rediscount rates, and an increase of 500 billion yuan in re-lending for small and micro enterprises [2][23] - Analysts expect these measures to enhance market stability and support the "14th Five-Year Plan" [2][23] Future Outlook - CITIC Securities anticipates a significant influx of capital into A-shares by 2026, potentially sustaining a slow bull market [2][23] - The focus will shift towards verifying economic conditions and performance, with active funds likely to strengthen the "technology + resource" dual-line market [2][23] ETF Insights - The Electronic ETF (515260) and its linked funds are designed to track the electronic 50 index, heavily investing in semiconductor and consumer electronics sectors [29] - The Hong Kong Information Technology ETF (159131), which focuses on the Hong Kong chip industry, closed up 0.31% despite overall market weakness [10][31] Investment Themes - The "Physical AI Year" is emerging, with significant investment opportunities in AI data centers and related technologies expected to drive growth in 2026 [33][34] - The valuation of the Hong Kong chip ETF is considered attractive compared to other major tech indices, indicating potential for future gains [34]

作者：创业板人工智能ETF华宝（159363）基金经理 曹旭辰 1月15日，AI题材内部形成对冲，AI应用冲高回落，近期回调的AI光模块却逆市大幅走强，光模块三巨 头中，中际旭创、新易盛双双涨逾4%。热门ETF方面，双线布局"算力+AI应用"的创业板人工智能ETF 华宝（159363）场内一度跌逾3%，最终收跌1.42%。资金反向继续进场抢筹，1月15日盘中实时净申购 创业板人工智能ETF华宝（159363）超2亿份，此前短短3日已累计加码9.7亿元，该ETF最新基金规模已 突破50亿元大关至53.38亿元。（数据来源：沪深证券交易所、Wind；时间截至2026.1.14） 创业板人工智能ETF华宝（159363）基金经理曹旭辰分析，短线回调并不改变2026年上半年A股市场走 强预期。相反，在行情回调期，经营业绩高靓的AI光模块板块，或将成为资金阶段性追捧的好去处。 国盛证券分析，算力产业链高景气周期背景下，光模块头部厂商在中国和泰国加速扩产，预计光模块行 业2026年一季度将迎来产能集中释放，驱动业绩进入新一轮爬坡期。该机构表示，继续看好算力板块， 坚定推荐算力产业链相关企业，如光模块行业龙头。* 无论是以 ...