AI computing power is experiencing an explosion, and the development opportunity for fiber optic connectivity and computing infrastructure is emerging. The Communication ETF Huaxia(515050) has had 3 days of net capital inflow in the past 5 trading days.

As of the close on March 31, 2026, the CSI 5G Communications Theme Index (931079) fell by 1.97%. Among constituent stocks, gains and losses were mixed. Industry chain wealth led the way, followed by Fiberhome Communications and Panding Holdings; Tiancheng Optoelectronics led the declines, while Zhaoyi Innovation and Guangku Technology followed lower. The Huaxia Communications ETF (515050) fell by 1.91%, with the latest quote at 2.31 yuan.

In terms of news, as the demand for AI computing power continues to surge, driving a significant increase in global cloud providers’ capital expenditures, the combined capital expenditures of the eight major cloud service providers in 2026 are expected to reach as much as $710 billion, and the compound annual growth rate from 2024 to 2026 is as high as 65%.

Guotai Junan Huixin noted that as AI demand explodes, optical interconnects have become the core variable that determines the performance of AI infrastructure. In China, the pace of technological self-reliance and large-scale development in the optical connection industry chain continues to accelerate, and the competitiveness and commercialization capabilities of relevant companies have improved significantly. Domestic core companies are fully set to benefit from the global infrastructure construction wave. In addition, with the launch of a new generation of compute infrastructure, China’s fully domestic industrial chain is entering a new cycle. Moreover, new connections such as satellite internet and quantum communications are also expected to reach an industry development inflection point in 2026.

The Huaxia Communications ETF (515050) closely tracks the CSI 5G Communications Theme Index, focusing deeply on compute hardware in electronics (chips, PCBs, consumer electronics) + communications (optical modules, servers, fiber-optic cables). Data center concept stocks account for nearly 70% of the fund’s equity weight. Its latest scale exceeds RMB 8 billion, helping investors quickly position themselves for the optical communications compute power upcycle.

In terms of liquidity, during trading, the Huaxia Communications ETF recorded a turnover rate of 4.32%, with trading volume of RMB 344 million. Regarding capital flows, looking over a longer timeframe, within the past 5 trading days funds recorded net inflows on 3 days in total, “absorbing” a combined RMB 73.2469 million.

According to data, as of February 27, 2026, the top ten weighted stocks of the CSI 5G Communications Theme Index (931079) were: JIn Jie Innovation, Xin Yisheng, Luxshare Precision, Industry chain wealth, Zhaoyi Innovation, Tianfu Communications, ZTE, Huadian Shares, Dongshan Precision, and Hengtong Optoelectronics. The combined share of the top ten weighted stocks was 56.45%.

Huaxia Communications ETF (515050), over-the-counter connections (Huaxia CSI 5G Communications Theme ETF Connection A: 008086; Huaxia CSI 5G Communications Theme ETF Connection C: 008087; Huaxia CSI 5G Communications Theme ETF Connection D: 023765).