Ride the AI wave and join the innovation and entrepreneurship boom: the Wealthy Science and Technology Innovation Artificial Intelligence ETF is officially launched today.

Recently, the AI industry has received another round of policy tailwinds. On March 23, Shenzhen issued a three-year action plan for the AI server industrial chain, clearly calling for a leapfrog growth in production capacity and shipment volumes. As a bridgehead for national scientific and technological innovation, every time Shenzhen rolls out an industrial policy, it often carries a meaningful “bellwether” impact. At present, the AI track is receiving dual catalysts from both policy and industry, and the window for deployment may already be here.

Investors interested in AI can turn their attention to the Fopraiser Kechuang Chuangye Artificial Intelligence ETF, formally issued on March 30, Fuoch (fund code: 159022). The product provides one-click coverage of the full AI industrial chain across the “Science and Technology Innovation Board + ChiNext” (abbreviated as “Dual Innovation”) and helps capture opportunities along the technology mainline.

A policy-and-industry resonance opens a dual-chain growth pattern, expanding room for development

The investment value of the AI industry today comes from the deep resonance between policy and industry, as well as a dual-strong pattern of overseas chains and domestic chains—further highlighting the long-term deployment value of the Kechuang Chuangye AI index.

From the top-level design perspective, the “15th Five-Year Plan” has listed high-level self-reliance and self-strengthening in science and technology as a core development goal. It has specified that full-chain technology breakthroughs will be carried out in key areas such as integrated circuits and artificial intelligence. Policy support for hard technologies has continued to be strengthened, laying a solid long-term foundation for the AI industry’s development. As policy dividends continue to be released, focusing on key AI core assets within the Dual Innovation sectors, they are becoming a crucial lever for seizing the strategy of building self-reliant and self-strengthening capabilities in science and technology.

From the industrial logic perspective, the AI industry’s positive-growth flywheel of “compute power—models—applications—data” has been fully established. A self-reinforcing virtuous cycle is taking shape: application-side tools such as OpenClaw and other AI Agent tools are rapidly gaining adoption, the token consumption slope has been significantly raised, continuously driving demand for compute power. This improvement will, in turn, push models to iterate and optimize continuously, further empowering the expansion of application scenarios. At the same time, it will accumulate large volumes of high-quality data, which will feed back into the development of compute power and models—while the industry’s ceiling continues to open up.

With the flywheel turning, global cloud providers have increased their capital expenditures for AI infrastructure. Industry conditions have continued to improve. According to TrendForce, as of 2026, the combined capital expenditure of the eight major global cloud service providers will exceed $710 billion, representing an increase of about 61% year over year. The global arms-race upgrade in compute-power infrastructure is fully underway, directly driving demand across the entire AI industrial chain.

From the industrial structure perspective, the AI sector has formed a development trend in which both overseas chains and domestic chains are strong and advance in parallel. In the overseas chain segment, CPO, as a core technology for next-generation optical interconnection, has already become a key lever for global compute-power infrastructure. Chinese companies have established clear competitive advantages in this area. Domestic optical module companies, leveraging technology, capacity, and cost advantages, have already captured more than 70% of the global market share. Among them, industry leaders such as InnoE and New iShares have achieved technological breakthroughs and mass production in the 800G/1.6T CPO field, securing large long-term orders from overseas giants such as Google, Microsoft, and Meta. They have become core suppliers for global compute-power infrastructure, realizing a leapfrog overseas development of their advantageous segments.

In the domestic chain segment, China’s AI industry’s progress toward independent and controllable development is accelerating. In key areas such as compute hardware, algorithm frameworks, and foundational software, domestic companies continue to break through technical bottlenecks. In 2026, the scale of China’s core AI industry is expected to exceed 1.7 trillion yuan, with a year-over-year growth rate of more than 30%. With the advancement of compute center construction and the “East Data, West Compute” project, the foundation for the development of domestic AI is further strengthened, and the independent and controllable ecosystem is gradually improving.

With policies set and guidance provided, the industrial flywheel accelerates; global capital expenditure is ramping up; the dual-chain pattern is taking shape. The AI track has entered a period of rapid high-quality development. The launch of the Fopraiser Kechuang Chuangye Artificial Intelligence ETF (159022) provides investors with a convenient tool to deploy the full AI industrial chain across Dual Innovation with one click.

Balanced allocation across the full chain builds the index’s core competitiveness

According to available materials, the new fund closely tracks the CSI Kechuang Chuangye Artificial Intelligence Index (abbreviated as Kechuang Chuangye AI). It precisely anchors two major innovation boards, the Science and Technology Innovation Board and ChiNext. From them, it selects 50 listed companies whose businesses involve providing basic resources, technology, and application support for artificial intelligence as index samples, to reflect the overall performance of listed securities with AI themes within the above sectors. This both aligns with the national science-and-technology innovation strategy orientation and precisely captures the development logic of the AI industry, becoming an important link connecting high-quality Dual Innovation assets with AI investment demand.

In terms of industry layout, the index samples cover the complete AI industrial chain from compute-power chips and algorithm models to intelligent applications. It also integrates the distinct characteristics of hard-tech on the Science and Technology Innovation Board and innovation-driven growth on ChiNext, capturing the benefits of industry development efficiently. Meanwhile, relying on a three-layer structure of basic resources, technology, and applications, the index conducts precise screening. According to the Shenwan first-level classification, constituent stocks focus on core TMT areas such as communications, electronics, and computer industries, with a weight proportion exceeding 87%—and the theme purity is prominent.

Breaking down the Shenwan second-level industries further: based on Wind data, as of March 25, 2026, the semiconductor weight is 37.1%, and communications equipment weight is 16.4%, highlighting a key focus on AI chips and infrastructure. Software development weight is 11.1%, taking on an essential role in the key function of technology commercialization and deployment, thereby improving the full-chain industrial allocation.

Another feature is that, compared with other market AI theme indices, the industry distribution of the Kechuang Chuangye AI index is more balanced. Taking the ChiNext AI index and the SSE Science and Technology Innovation Board AI index as examples: as of March 25, the former’s share of communications equipment reaches 42.4%, while the latter’s semiconductor share is 50.8%. Both show highly concentrated characteristics in a single segment. By contrast, the Kechuang Chuangye AI index has lower industry concentration due to balanced allocation, achieving a combination of returns and stability.

From the perspective of market-cap distribution, the index exhibits a pyramid structure, balancing industry-leading companies and growth-oriented mid- and small-cap enterprises: large-cap companies lay the industrial foundation, while mid- and small-cap companies inject innovation vitality. Wind data shows that, as of March 25, among the index constituents, companies above 100 billion yuan account for 14%, companies between 50 and 100 billion yuan account for 8%, companies between 20 and 50 billion yuan account for 36%, and companies below 20 billion yuan account for 42%.

Historical performance confirms the index’s track record. Its upward upside and excess returns are impressive. Wind data shows that, since the base date of December 31, 2019, through March 25, 2026, the Kechuang Chuangye AI index has cumulatively risen 200.11%, achieving a relatively high level of excess returns.

Policy sets the stage, industries take the stage—AI is already in the middle of the match. The new fund Fopraiser Kechuang Chuangye Artificial Intelligence ETF (159022), focusing on the full AI industrial chain, provides investors with a clear path for long-term allocation.

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Responsible person: Guo Xitong