20cm Express | The AI space is vast. In 2026, China will increase its investment in technology. The Guotai (589110) Science and Innovation Artificial Intelligence ETF fell over 3%, seize the opportunity to adjust and position during the pullback.

The AI space is vast. In 2026, China will increase its technology investment. From a capital/financing perspective, the Cathay’s Science and Technology Innovation Artificial Intelligence ETF (589110) is down more than 3%. This presents a chance to take advantage of the pullback for a planned entry.

CITIC Securities noted that, in terms of semiconductor materials, global semiconductor sales continue to grow year over year. In January 2026, global semiconductor sales were $82.54 billion, up 46.1% year over year, marking the 27th consecutive month of year-over-year growth. China’s semiconductor sales were $22.82 billion, up 47.0% year over year, achieving year-over-year growth for 27 consecutive months. Continued improvement in China’s semiconductor industry will help drive semiconductor materials.

Cathay Haitong stated that the AI space is vast, and with China increasing its technology investment in 2026, it is expected to push domestic production lines to accelerate in growth. In the electronics sector, the release of Claude Cowork has significantly lowered the programming threshold for ordinary users, which could accelerate the rollout of general-purpose Agents. As Agents speed up in deployment, CPUs need to take on more workload, making their importance gradually increase; demand is expected to grow at an accelerated pace. In the semiconductor sector, in 2026, domestic technological substitution is expected to see faster investment and capital expenditure. With the start of a new generation of domestic computing power infrastructure, the fully domestically produced industrial chain will enter a new cycle.

Cathay’s Science and Technology Innovation Artificial Intelligence ETF (589110) tracks the Science and Technology Innovation AI Index (950180). The daily price fluctuation limit for the index is 20%. The index selects securities of listed companies from the STAR Market whose businesses involve foundational AI resources, as well as technology and application support, as index samples to reflect the overall performance of the AI industry in the STAR Market. The index exhibits a growth style, mainly focusing on mid- to large-cap companies. On the industry allocation side, it emphasizes related hardware sectors, while also covering directions such as software and technology services, with a relatively high R&D investment intensity.

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The Daily Economic News

(Editor-in-charge: Dong Pingping)

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