As of 10:30, the major A-share indices turned negative. The STAR 50 Index rose over 2% against the market trend. Top gainers among its holdings included Loongson Technology, Hygon Information, Montage Technology, Transsion Holdings, and Huahai Qingke.

China Galaxy Securities stated that the AI industry will enter a rapid development channel. From 2025 to 2035, China's AI industry will enter a phase of high-speed development, becoming a key driver of long-term economic growth. Reflecting on the development of China's information technology, a clear trajectory has emerged from "technological catch-up" to "system-level parallel progress" and then to "gradual leadership." Accompanying this technological progress is a shift in the underlying logic of China's economic growth from "land finance" to "data elements," moving toward the goal of "AI-native." Looking ahead to 2035, considering the release of policy dividends and the pace of technological penetration, the core AI industry scale is projected to reach RMB 36.63 trillion, RMB 24.92 trillion, and RMB 16.72 trillion under optimistic, neutral, and pessimistic scenarios, respectively.

The STAR 50 ETF (588000) tracks the STAR 50 Index. The index's holdings include 68.77% in the electronics industry and 9.85% in the pharmaceutical and biological industry, totaling 78.62%, indicating concentrated sector distribution. It also covers multiple sub-sectors such as semiconductors, medical devices, software development, and photovoltaic equipment, with high hard-tech content. From its current position, the STAR 50 Index remains near its base point. Referring to the historical trend of the ChiNext Board, its future growth potential is promising. Investors optimistic about the long-term development prospects of China's hard tech are advised to stay tuned.

Related ETF: STAR 50 ETF (588000)