Indices opened lower but trended higher, with the ChiNext Index surging over 1%! CSOP SZSE CHINEXT ETF (03147.HK) jumped more than 1.3%.

NewTimeSpace News: On April 13, major indices swung higher after a weak open. The Shanghai Composite reversed into positive territory, while theChiNext Index surged over 1%. Energy (oil & gas), livestock farming, solar PV, and lithium battery sectors led the advance, with nearly2,100 stocksgaining across the Shanghai, Shenzhen, and Beijing exchanges.CSOP SZSE CHINEXT ETF(03147.HK)jumped more than1.3%intraday.

According to HKEX data, the ETF tracks theChiNext Index, the flagship benchmark launched by the Shenzhen Stock Exchange on June 1, 2010. Positioned as the"innovation engine,"the index selects 100 constituents from the ChiNext board based onlarge market capitalization and strong liquidity, applying free-float market-cap weighting with a20% single-stock capand semi-annual rebalancing.

Battery data beats expectations:March sales of power and energy-storage batteries combined reached175.1 GWh, up51.6%year-on-year and54.7%month-on-month. Power battery sales hit114.7 GWh(+31.1% YoY, +53.9% MoM), while energy-storage battery sales soared to60.4 GWh(+115.9% YoY, +58.6% MoM).

Policy tailwinds:Against a backdrop of elevated oil prices, China exported350,000new energy vehicles in March, a140%YoY surge. Combined with domesticcapacity-tariffmechanisms for storage and supportive overseas residential solar-storage policies, power and energy-storage batteries are enjoying asynchronized cyclical upturn.

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