Do not fear the broad-based index ETF selling over a trillion, the 35 industry themed ETFs in the Year of the Snake have doubled in strength.

The A-share stock market saw all major indexes soar in the Year of the Snake. The Shanghai Composite Index rose by 25.58%, the Shenzhen Component Index rose by 38.84%, and the ChiNext Index led the pack with a strong increase of 58.73%. In terms of ETFs, in the Year of the Snake, there were 35 industry-themed ETFs with gains exceeding 100%. The top three performing ETFs were the ChiNext Artificial Intelligence ETF by Guotai, the China-Korea Semiconductor ETF, and the ChiNext Artificial Intelligence ETF by Southern Fund, with cumulative gains of 185.71%, 141.16%, and 139.23% respectively. Some securities firms have pointed out that artificial intelligence, as the core driving force of a new round of technological revolution, holds its greatest value not in efficiency improvement, but in creating new possibilities and promoting the transition of various industries to intelligence. Large-scale model technology is reshaping the global industrial landscape profoundly and its development is expected to bring incremental commercial value amounting to tens of trillions of yuan to the financial industry, transforming the paradigm from efficiency improvement to value creation. At the same time, the iterative development of large-scale models needs to tackle challenges such as technological bottlenecks, high investment costs, and balancing with regulatory frameworks. Regarding nonferrous metals, some analysts believe that industrial nonferrous and other cyclical resource types, despite facing short-term market fluctuations, still present considerable long-term profit prospects, benefiting from industrial structure optimization and continuous demand growth. Furthermore, strategic minor metals have limited reserves, high mining difficulty, insufficient supply elasticity, and rapid growth in downstream demand from industries such as new energy, semiconductors, and defense which exacerbate supply-demand contradictions. Given the continuing scarcity of resources, upgrading demand structures, and policy regulation, the prices of rare metals are expected to continue their upward trend in the future. Companies with advantages in resource reserves, technological barriers, and compliant export channels will continue to benefit.