Focusing on the entire computing power infrastructure value chain, the ChiNext Computing Power ETF (158063) under China Southern Asset Management officially launched for subscription on September 7.

Gelonghui, September 7 | On September 7, the ChiNext Computing Power ETF (158063) under China Southern Asset Management officially opened for public offering. It is one of the first batch of ETFs approved to track the ChiNext Computing Power Infrastructure Index (970083). The index carefully selects 50 sample stocks from the ChiNext board whose businesses cover computing, networking, storage, and operations & maintenance. It spans across computing hardware, data centers, and operational segments such as computing power leasing. Individual constituent weightings are capped, with the top ten constituents accounting for approximately 44% in total. The index components are primarily small- and mid-cap stocks, highlighting significant growth elasticity. The index has demonstrated impressive long-term performance: since its base date (December 30, 2022), it has cumulatively risen by 378.81%. Annual returns for 2023 to 2025 were 48.46%, 34.97%, and 79.34%, respectively, with a further increase of 33.25% since 2026. The computing power sector is driven by both demand and policy. On the demand side, McKinsey estimates that global AI inference computing power demand will rise from 20.9 GW in 2025 to 56.3 GW in 2028, surpassing training demand (46.1 GW) for the first time. On the policy side, the spatial layout of the national integrated computing power network "8+10+3" continues to advance, with direct investment in the computing network expected to reach the trillion-yuan level. By 2025, the scale of China's artificial intelligence industry had exceeded RMB 1.2 trillion (CAICT). The ChiNext Computing Power ETF (158063) charges a management fee of 0.15% per year and a custodian fee of 0.05% per year, totaling 0.20% per year, which is at a relatively low level in the industry. This provides investors bullish on the medium- to long-term opportunities in AI computing power with a convenient tool-based investment option.

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