Power Grid Equipment ETF E Fund (560390) rises over 4% again during the trading session, institutions: North American power grid expansion, the prosperity logic of electrical equipment continues to unfold

As of March 5, 2026, 13:48, the Power Grid Equipment ETF E Fund (560390) surged over 4% at one point, currently up 3.86%. The intraday turnover rate is 43.7%, with a transaction volume of 220 million yuan, indicating active market trading.

As of March 4, the E Fund Power Grid Equipment ETF (560390) recorded a net capital inflow of 83.6474 million yuan.

The three major regional U.S. grid operators have successively received approval for $75 billion in transmission expansion projects, primarily involving the construction of ultra-high-voltage lines at 765kV. The expansion is expected to increase capacity to 10,000 miles, four times the current capacity.

Orient Securities Securities pointed out that North America’s power distribution network has a long history, with aging equipment that struggles to cope with rising electricity demand and load fluctuations, urgently requiring upgrades. By 2025, 70% of transformers will have been in use for 25 years or more, 60% of circuit breakers will have a lifespan of 30 years or more, and 70% of transmission lines will have been in service for 25 years or more. The increase in electricity consumption demands grid capacity upgrades, while the volatility of renewable energy sources requires flexible and adjustable power systems. Upgrading North America’s transmission grid is imminent.

The firm believes that North American grid expansion validates the global power grid prosperity logic. Domestic power equipment capacity is tight, and manufacturers already supplying North America are expected to benefit from market expansion and share growth, while those not yet involved have an opportunity window to enter the supply chain.

The Power Grid Equipment ETF E Fund (560390) closely tracks the Hang Seng A-shares Power Grid Equipment Index, which reflects the performance of mainland-listed companies related to power grid equipment. The index comprises 50 stocks, covering key segments of the power grid equipment industry chain. The top ten holdings include industry leaders such as TBEA, State Grid South China, Siyuan Electric, Zhongtian Technology, and Hengtong Optoelectronics, with a highly focused sector distribution.

In the future, the power grid equipment industry is expected to continue benefiting from policies and industry trends such as ultra-high-voltage construction, smart grid upgrades, and new power system development. Industry prosperity is expected to remain high. As a rare and precise index product focused on the power grid equipment niche in the A-share market, this index offers strong relevance and representativeness for industry development.

The related product—Power Grid Equipment ETF E Fund (560390)—is expected to become a high-quality tool for investors to easily allocate to the core power grid equipment sector and share in the growth dividends of China’s power equipment industry.