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# Price and Volume Surging! Huaxia CSI Science and Technology Innovation 50 ETF (588000) Opens Strong, Mid-Term Layout Is Timely Now
On March 25, influenced by easing Middle East tensions, the Huaxia Sci-Tech Innovation 50 ETF (588000) continued to rise today, gaining 2.43%, showing a strong rebound trend. Several heavy holdings increased in value, with Bawei Storage, Tianyue Advanced, and Tuojing Technology performing well, rising over 9%, 7%, and 5%, respectively.
In terms of news, on March 25, the People’s Bank of China announced a 78.5 billion yuan 7-day reverse repurchase operation and a 500 billion yuan 1-year Medium-term Lending Facility (MLF), injecting medium-term liquidity to maintain reasonably ample liquidity and reduce financing costs for tech companies. At the same time, the Huaxia Sci-Tech Innovation 50 ETF saw a net inflow of over 3.3 billion yuan in the past five days, indicating that “bottom-fishing funds” may be aggressively accumulating during the sharp decline.
Guoxin Futures believes that the People’s Bank of China’s open market operations to withdraw liquidity, along with the recovery in corporate production demand, may trigger a short-term market demand rebound. With the escalation of the US-Israel-Iran conflict and significant changes in the international environment, global economic concerns remain high. The effort to stabilize the economy is expected to intensify, and international capital may flow in.
The Sci-Tech Innovation 50 Index consists of 50 securities with large market capitalization and good liquidity on the STAR Market, with nearly 70% weight in the semiconductor sector, serving as a true “core asset” indicator of China’s high-tech industry. The Huaxia Sci-Tech Innovation 50 ETF (588000) is highly flexible, with a potential increase of up to 20cm, and has a total management and custody fee of only 0.2%, the lowest rate among similar indices, helping investors access industrial investment opportunities at lower costs.
Daily Economic News
(Edited by: Zhang Xiaobo)
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