NewTimeSpace News —On March 12, the Fourth Session of the 14th National People's Congress (NPC) voted to adopt theEco-Environmental Code of the People's Republic of China, establishing "green and low-carbon development" as a standalone section—providing legal underpinning for new energy sectors including clean energy and advanced energy storage.

New energy segments including wind power and photovoltaic equipment rallied in tandem. As of 10:40 a.m., Global X China Electric Vehicle Etf (02845.HK) advanced nearly 1% against the market trend, with the fund delivering an impressive gain of over 25% over the past year.

According to HKEX data, Global X China Electric Vehicle Etf(02845.HK) tracks the Solactive China Electric Vehicles and Battery Index, compiled by German index provider Solactive. The index focuses on the complete industrial chain of new energy vehicles and power batteries in China (covering Hong Kong-listed stocks and U.S.-listed ADRs), offering investors a convenient one-stop tool to gain exposure to the entire NEV industry chain spanning vehicle manufacturing, batteries, materials, and components.

Changjiang Securities notes that the enactment of the Eco-Environmental Code delivers not only short-term policy catalysts but will also reshape the long-term development landscape of the new energy industry chain. The move pushes relevant sectors from policy-guided development toward legally mandated transformation, with renewable energy leaders in wind and solar power poised to benefit on a sustained basis.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.