Small-caps grabbed the baton at the starting line of the year—Global X China Little Giant ETF (02815.HK) climbed more than 2% as its on-board price notched another record high.

NewTimeSpace — 10:52 a.m. 16 Jan: the annual “spring-fling” rally is heating up in A-shares, with small-cap tech names leading the charge. Global X China Little Giant ETF (02815.HK) adds 2.2% to a fresh intra-day high of HK$73.36, extending its record run.

Listed in Hong Kong, the ETF tracks the Solactive China Small-Cap Leaders Index, fishing in the 101st–500th market-cap bucket for fast-growing, liquid “almost-blue-chips” while steering clear of mega-caps that are already over-covered.

Latest sector split: advanced manufacturing 28%, new-energy 16%, semis 14%, healthcare 12%, digital economy 10%, consumer services 9%.

Historical stats from NewSpace Research show small-cap growth indices typically outperform during the spring window. With policy and earnings both in a news-light vacuum, flows are chasing policy buzz and sector narratives—conditions that historically favour the small-cap style.

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