2026年1月7日，科创芯片ETF富国（588810.SH）收涨2.62%，主力资金（单笔成交额100万元以上）净 流出553.86万元，居可比基金第一。（数据来源：Wind） 拉长时间看，该基金近8天主力资金连续流出，合计流出6251.45万元，居可比基金第一。（数据来源： Wind） 科创芯片ETF富国（588810.SH），场外联接(A类：023651；C类：023652）。 与此同时，该基金最新成交量为5182.44万份，最新成交额跌破1.00亿元，居可比基金尾部。 ...

数字经济ETF富国（159385）紧密跟踪的是中证诚通国企数字经济指数（931529.CSI），指数涵盖集成 电路制造、半导体设备、数字芯片设计、电信运营商、通信设备等细分领域龙头企业。前十大成分包括 中芯国际、北方华创、海光信息、中科曙光、中微公司、中兴通讯等。 （文章来源：每日经济新闻） 今日科技板块集体上攻，尤其是芯片、通信、计算机设备、消费电子等科技方向表现活跃，涨幅居前， 截至发稿，数字经济ETF富国（159385）盘中涨幅达3.11%，科创芯片ETF富国（588810）盘中涨幅达 3.06%、芯片龙头ETF（516640）盘中涨3.05%，消费电子ETF富国（561100）盘中涨3%。其中数字经 济ETF富国成分股中瓷电子涨超7%，中芯国际涨幅超6%。 消息面催化不断，商务部等 6 部门印发《促进服务外包高质量发展行动计划》，支持业务创新，鼓励符 合条件的中西部资源型城市发展云计算、超算等相关服务外包业务，承接国内外信息技术外包与数字服 务转移，探索数字化转型新路径。地方层面，安徽 "十五五" 规划建议推进数字安徽建设，打造全国一 体化数据市场枢纽，推动实体经济与数字经济深度融合；上海公布 41 ...

（责任编辑：郭健东 ） 截至收盘，上证指数跌0.55%，深证成指跌1.1%，创业板指跌1.77%，北证50跌1.09%。全市场成交 额1.79万亿元，较上日成交额缩量3246亿元。 板块题材上，乳业、零售、保险板块活跃，半导体、影视 院线板块调整。 【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 ETF方面，商业航天板块延续近期涨势，永赢基金卫星ETF、富国基金卫星ETF和卫星ETF易方达 分别涨2.6%、2.47%和2.24%。保险股表现亮眼，易方达基金证券保险ETF和鹏华基金保险证券ETF分别 涨2%和1.4%。养殖板块反弹，平安基金养殖ETF涨1.78%。 港股创新药板块全线下挫，港股通创新药ETF南方、港股通创新药ETF均跌3.8%。科创芯片板块走 低，科创芯片设计ETF跌3.48%，科创芯片ETF富国跌3.3%。 ...

Group 1 - The core sectors of technology, including storage chips, AI chips, photolithography machines, cloud computing, and digital economy, are experiencing significant gains, with various ETFs showing notable increases in their values [1] - The Kexin Chip ETF (588810) has risen by 3.46%, while the Chip Leader ETF (516640) and Digital Economy ETF (159385) have increased by 3.12% and 3.09% respectively [1] - Notable individual stocks include Yuanjie Technology, which has surged over 12%, and Baidu Storage, which has increased by over 9% [1] Group 2 - According to the latest data from the National Taxation Administration, high-tech industries and core digital economy sectors have achieved double-digit sales revenue growth in the first 11 months of the year [1] - High-tech industry sales revenue has increased by 14.7% year-on-year, with integrated circuits and industrial mother machine manufacturing sales rising by 19.3% and 11% respectively [1] - The acceleration of digital and physical integration is evident, with traditional industries actively upgrading, as reflected in the year-on-year growth of 7.6% and 9.3% in the procurement of digital and automated equipment [1]

Group 1 - The core viewpoint of the news is the official release of a consumption promotion implementation plan that emphasizes the integration of artificial intelligence (AI) to enhance consumer goods supply and demand adaptability [1] - The plan encourages the development of smart products such as home service robots, smart home appliances, AI smartphones/computers/glasses, and brain-computer interfaces to provide entertainment, health, and companionship services [1] - The implementation plan includes initiatives to conduct a "Double Hundred" innovation application campaign, aiming to create 100 iconic products, 100 innovative companies, and a series of new product usage scenarios [1] Group 2 - The technology sector, particularly consumption electronics, chips, and communications, saw significant stock price increases following the announcement, with the Sci-Tech Chip ETF Fuqun (588810) rising by 3.33%, and the Consumer Electronics ETF Fuqun (561100) increasing by 3.27% [1] - Notable stocks within the Sci-Tech Chip ETF Fuqun, such as Haiguang Information and Zhongke Lanyun, surged over 8%, while Cambrian Technologies rose over 4% [1] - The Sci-Tech Chip ETF Fuqun closely tracks the Sci-Tech Chip Index, focusing on chip companies listed on the Sci-Tech Board, with a 20% daily price fluctuation limit [2]

Market Overview - Global stock markets experienced a widespread decline, with the Nasdaq dropping by 2%, and the Nikkei 225 and KOSPI falling nearly 5% [2] - The A-share market showed stronger resilience, closing up 0.23% despite initial declines [2][3] Reasons for Global Market Decline - The decline in global markets is attributed to two main factors: rapid previous gains leading to profit-taking pressures and a significant rise in the US dollar index, which offset some effects of the Federal Reserve's interest rate cuts [3] - A-shares faced adjustments around the 4000-point mark due to market hesitation after breaking this key level and the typical pattern of profit-taking following the release of the "14th Five-Year Plan" draft [3] AI Sector Performance - A-shares related to AI concepts showed limited adjustments, indicating a divergence in the upward logic of AI concepts between domestic and foreign markets [4] Semiconductor Industry Insights - In 2024, China is projected to import 549.2 billion chips worth approximately $385.6 billion, with processors and controllers making up about 50% of imports [5] - China's semiconductor self-sufficiency is expected to rise from 22% in 2024 to 25% by 2026, despite ongoing trade deficits in the sector [6] Investment Opportunities in Semiconductor ETFs - The "Chip Leader ETF" (516640) provides a comprehensive investment tool covering the entire semiconductor industry chain, including design, manufacturing, and key materials [6][7] - The China Securities Index for semiconductors has yielded a return of 43.98% this year, indicating a favorable long-term outlook despite recent adjustments [8] Future Market Outlook - Major investment banks, including Goldman Sachs and Morgan Stanley, predict a potential 10% correction in US stocks but remain optimistic about A-shares due to positive developments in trade relations [9] - The unique growth stories in China, particularly in technology sectors such as AI, electric vehicles, and biotechnology, are expected to drive future market performance [10]

Core Insights - The article focuses on the performance of various sectors in the recent quarterly reports, particularly highlighting the significance of AI-related investments and the shifts in sector allocations [1]. Sector Performance - The electronic and communication sectors have the highest market capitalization shares, with electronics at 25.53%, electric equipment at 12.32%, pharmaceutical and biological at 9.66%, communication at 9.26%, and non-ferrous metals at 6% [2]. - In contrast, sectors such as comprehensive services (0.1%), social services (0.18%), textiles and apparel (0.21%), environmental protection (0.24%), and beauty care (0.24%) have relatively low market capitalization shares [2]. - The over-allocation ratios indicate significant overweights in electronics (11.43%), communication (5.26%), electric equipment (3.2%), pharmaceuticals (2.3%), and non-ferrous metals (1.1%), while non-bank financials (-4.47%), banks (-4.02%), computers (-3.59%), utilities (-2.13%), and basic chemicals (-1.8%) are underweight [2]. Quarterly Changes - Compared to the previous quarter, the electronic sector saw the largest increase in holdings at 6.86%, followed by communication at 3.93%, electric equipment at 2.43%, non-ferrous metals at 1.35%, and media at 0.55% [7]. - The proportion of holdings in the entrepreneurial board increased significantly from 18.93% to 23.62%, a rise of 4.70 percentage points, while the sci-tech board also saw an increase of 2.07 percentage points [8]. AI Investment Focus - The recent surge in AI investments is primarily concentrated in the entrepreneurial board's optical modules and the sci-tech board's chips, particularly in domestic GPU and FAB manufacturers such as Cambrian, Haiguang Information, SMIC, and Huahong Semiconductor [9]. - The AI-related ETF, particularly the sci-tech chip ETF, has shown remarkable performance with a quarterly increase of 68.32% [9]. Institutional Holdings - Institutional holdings reflect a clear trend towards indexation, with leading companies benefiting from scarcity premiums in competitive landscapes [10].

Group 1 - The chip sector is leading the rebound in technology stocks, with significant gains in storage chips, automotive chips, and AI chips. As of the report, the Kweichow Moutai ETF (588810) rose by 4.08%, the chip leader ETF (516640) increased by 3.84%, the communication equipment ETF (159583) gained 3.79%, and the specialized and innovative ETF (563210) rose by 3.58%. Notably, Huahong Semiconductor surged over 11% and Unisoc increased by over 9% [1] - The Fourth Plenary Session's communiqué emphasizes accelerating high-level technological self-reliance and strength to lead the development of new productive forces. It highlights the importance of seizing opportunities from the new round of technological revolution and industrial transformation, integrating education, technology, and talent development, and advancing digital China construction [1] - Institutions indicate that the core spirit of this plenary session is to break structural bottlenecks through technological innovation, counteract internal competition pressures with efficiency reforms, and achieve long-term stable growth through high-quality development. This marks the starting point for re-evaluating industrial structures and serves as a strategic layout window for medium to long-term technology growth and high-end manufacturing sectors [1] Group 2 - The Kweichow Moutai ETF (588810) closely tracks the Kweichow Moutai index, focusing on chip companies listed on the Sci-Tech Innovation Board, with a 20% daily price fluctuation limit. Investors without on-site accounts can consider the linked funds (Class A 023651; Class C 023652) [2]

Core Viewpoint - The recent trading activity of the Kexin Chip ETF (588810) indicates a positive sentiment among investors, with a net buying trend observed over the last three trading days, suggesting increased interest in this sector [1][2]. Financing Activity Summary - On October 22, 2025, the financing buy-in amounted to 178.25 thousand yuan, while financing repayment was 165.13 thousand yuan, resulting in a net financing buy of 13.11 thousand yuan and a financing balance of 188.22 thousand yuan [1][2]. - The financing balance increased by 7.49% compared to the previous day, indicating a growing bullish sentiment among investors [2][3]. Margin Trading Summary - The total margin trading balance on October 22, 2025, was 188.22 thousand yuan, reflecting a net increase of 13.11 thousand yuan or 7.49% from the previous trading day [3]. - The margin trading balance had previously seen a significant increase of 159.67% on October 21, 2025, with a net buy of 107.67 thousand yuan [3].

Group 1 - Chip concept stocks weakened in early trading, with companies like SMIC, Haiguang Information, Hengxuan Technology, and Chipone falling over 6% [1] - The related ETFs for innovative chips dropped more than 4% due to market influences [1] Group 2 - Various innovative chip ETFs experienced significant declines, with the Guotai ETF down 4.84% to 1.612, and other ETFs like 588200 and 588290 also showing declines of 4.80% and 4.76% respectively [2] - Analysts noted that as AI models evolve, the commercial models for AI applications are becoming clearer, with the release of Sora 2.0 introducing social attributes that broaden OpenAI's monetization channels [2] - OpenAI has secured orders for storage and GPU components from Samsung, SK Hynix, and AMD, indicating a strengthened certainty in the demand for AI infrastructure, which is expected to benefit the related computing power industry chain in the future [2]