Alibaba Cloud price increase sparks a surge in the computing power market! The Huaan Startup Board 50 ETF (159949) has returned over 56% in the past three years, and institutions continue to favor the technology sector.

On March 18, the three major indices all closed higher, ending a four-day losing streak for the Shanghai Composite Index. The Shenzhen Component Index rose over 1%, and the ChiNext Index increased by more than 2%, with the computing power industry chain collectively surging. Driven by this, the Hu’an (159949) ETF of the ChiNext 50 ETF rose 2.40%, closing at 1.578 yuan, with a daily turnover rate of 5.64%, and a trading volume of 1.224 billion yuan, ranking first among similar ETFs by trading scale.

In terms of liquidity, this ETF has maintained active trading recently. As of March 18, the total trading volume over the past 20 trading days reached 23.411 billion yuan, with an average daily trading volume of 1.171 billion yuan; since the beginning of the year, over 47 trading days, the total trading volume has been 67.663 billion yuan, with an average daily trading volume of 1.440 billion yuan. As of March 17, the latest circulating scale of this ETF was 21.464 billion yuan.

On the news front, at the policy level, the National Development and Reform Commission announced a new batch of 13 landmark major foreign investment projects with a planned investment of $13.4 billion. The newly selected projects mainly focus on manufacturing, covering electronics manufacturing, chemicals, automobiles, electrical machinery, and other fields, aiming to accelerate industrial cluster development. Meanwhile, support for the service industry has increased, with logistics projects included in the list for the first time, and continued support for R&D centers in biomedicine and other fields, promoting deep integration of modern services and advanced manufacturing. So far, the landmark major foreign investment projects have completed a total investment of $108 billion, demonstrating a significant demonstration effect in attracting investment.

In industry news, Alibaba Cloud announced that due to the explosion in global AI demand and supply chain price increases, prices for Alibaba Cloud AI computing power, storage, and other products have risen by up to 34%. Among them, computing power cards such as the PingTouGe ZhenWu 810E increased by 5%-34%, and the file storage product CPFS (Intelligent Computing Edition) increased by 30%.

Institutional views: Liang Hong, Chairman of the Institutional Business Committee at Huatai Securities, stated at a strategy meeting that China’s asset revaluation will deepen by 2026, with a continued positive outlook for sectors such as technology, electricity, chemicals, and rare metals. CITIC Securities recommends focusing on wind power companies with green fuel production capacity and wind turbine manufacturers with European export capabilities. Leading industry giants are expected to receive higher valuation premiums of up to 40 times PE. Under the catalysts of rising industry valuations, improved profitability, and high downstream demand growth, sector prosperity continues to rise.

The Hu’an (159949) ChiNext 50 ETF provides a convenient tool for long-term investors optimistic about China’s tech growth sector. The product has returned 56.83% over the past three years, outperforming the benchmark, ranking 181st among 1,663 similar products. Investors can trade this ETF directly through stock accounts or participate via linked funds (Class A: 160422; Class C: 160424; Class I: 022654; Class Y: 022976). It is recommended to adopt dollar-cost averaging or phased deployment to smooth short-term fluctuations and closely monitor the performance of constituent stocks and relevant policy developments.

Risk reminder: Fund investment involves risks; please invest cautiously. The ChiNext 50 ETF is a higher-risk, higher-return fund product, with its net value closely linked to the ChiNext market. Investors should carefully read the fund’s legal documents, assess their risk tolerance, and make prudent investment decisions.

MACD golden cross signals have formed, and these stocks are showing good upward momentum!