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Hu'an Petroleum ETF listed today
On April 2nd, the Hu’an Petroleum ETF (stock code: 159195) was listed and traded on the Shenzhen Stock Exchange. Hu’an Fund’s Index and Quantitative Investment Department stated that this surge in oil prices may trigger strategic petroleum reserve (SPR) replenishment plans in multiple countries, creating a solid policy-driven buying support below. Against the backdrop of global order restructuring, China continues to enhance its crude oil strategic reserves to cope with extreme risks. From the supply and demand perspective, on the supply side, U.S. shale oil production is weak, OPEC+ has a strong willingness to maintain prices, and Russian exports are limited; on the demand side, the global economy is recovering, and industrial demand is rebounding.