NewTimeSpace News: On March 20, the ChiNext Index opened 1.6% higher, with CPO (Co-packaged Optics), AI computing, computing hardware, and semiconductor concept stocks surging. TheCSOP SZSE CHINEXT ETF(03147.HK) jumped over 3% at the open.

According to HKEX data,CSOP SZSE CHINEXT ETF(03147.HK) tracks the ChiNext Index, launched by the Shenzhen Stock Exchange on June 1, 2010. As the most representative benchmark of the ChiNext market, the index is positioned as the "Innovation Engine." Its sample universe comprises stocks listed on Shenzhen's ChiNext board, selecting 100 constituents based on "large market cap and strong liquidity" principles. The index uses free-float market capitalization weighting, adjusts semi-annually, and imposes a 20% cap on individual stock weightings.

On the news front, following price hikes by Amazon, Google and other cloud vendors, Alibaba Cloud and Baidu AI Cloud announced official price increases. Alibaba Cloud will raise prices by up to 34% on AI computing and storage products, while Baidu AI Cloud increases prices by approximately 30%. Kaiyuan Securities believes that the proliferation of AI applications may trigger explosive inference demand. Coupled with constrained Nvidia production capacity, rising hardware costs, and domestic substitution gaps, these factors are driving the computing power leasing market into a "seller's market," where price hikes may continue.

Huaxi Securities maintains that AI remains a key investment theme for the current period. The AI development stage is still in the critical acceleration phase of both Scale up and Scale out. As supply systems for relevant computing chips gradually diversify, application development demand for tokens continues to accelerate, and underlying computing infrastructure remains in an expansion phase. The firm remains firmly bullish on market opportunities in computing power leasing and AIDC (AI Data Centers) driven by accelerated capital expenditure from CSPs (Cloud Service Providers). (Source: Huaxi Securities, February 25, 2026, "China AI 'Spring Festival' Explosion: Accelerated Landing of Vertical Productivity and Agents")

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