Shanghai-Shenzhen Stock Connect ETF Daily: Innovative Drug ETFs Surge Over 5.3% as Rare Metals and Biopharma Sectors Rally

On March 27, 2026, innovative drug and rare metals sectors led the Shanghai-Shenzhen Stock Connect ETF market. The E Fund Innovative Drug ETF (516080.SH) rose 5.39%, while rare metals and biopharma sectors were also active. The Yinhua 5G Communication ETF (159994.SZ) fell 1.34%, with power and banking sectors experiencing modest pullbacks. Overall, the market exhibited a pattern of strength in pharmaceuticals and resources, with technology and utilities sectors showing consolidation.

On March 27, 2026, the Shanghai-Shenzhen Stock Connect ETF market exhibited a rotational pattern, characterized by a strong rebound in innovative drug and rare metals sectors, while communication and power sectors experienced modest pullbacks.

Market gains were highly concentrated in the innovative drug and rare metals industry chains. The Innovative Drug ETF managed by E Fund (516080.SH) rose 5.39%, leading the gains; the Innovative Drug ETF managed by Yinhua Fund (159992.SZ) gained 5.17%; and the Innovative Drug ETF managed by GF Fund (515120.SH) rose 5.00%.

The rare metals theme also performed notably well, with the Rare Metals ETF managed by Harvest Fund (562800.SH) rising 5.02%, the Rare Metals ETF managed by GF Fund (159608.SZ) gaining 4.62%, and the Rare Metals ETF managed by ICBCUBS Fund (159671.SZ) rising 4.58%. The biopharma sector collectively strengthened, with the Biopharma ETF managed by Guotai Asset  (512290.SH) rising 3.91%, the Biopharma ETF managed by CUAM (159839.SZ) gaining 3.90%, the Biotech ETF managed by E Fund (159837.SZ) rising 3.71%, and the Pharmaceutical 50 ETF managed by Fullgoal Fund (515950.SH) gaining 3.53%.

Top 10 Gainers Among Shanghai-Shenzhen Stock Connect ETFs

Rank

Code

Name

Change (%)

Underlying Index

Fund Manager

1

516080.SH

E Fund Innovative Drug ETF

5.39

CSI Innovative Drug Index

E Fund

2

159992.SZ

Yinhua Innovative Drug ETF

5.17

CSI Innovative Drug Index

Yinhua Fund

3

562800.SH

Harvest Rare Metals ETF

5.02

CSI Rare Metals Industry Index

Harvest Fund

4

515120.SH

GF Innovative Drug ETF

5.00

CSI Innovative Drug Index

GF Fund

5

159608.SZ

GF Rare Metals ETF

4.62

CSI Rare Metals Industry Index

GF Fund

6

159671.SZ

ICBCUBS Rare Metals ETF

4.58

CSI Rare Metals Industry Index

ICBCUBS

7

512290.SH

Guotai Biopharma ETF

3.91

CSI Biomedicine Index

Guotai Asset

8

159839.SZ

CUAM Biopharma ETF

3.90

Biopharma Index

CUAM

9

159837.SZ

E Fund Biotech ETF

3.71

CSI Biotech Index

E Fund

10

515950.SH

Fullgoal Pharmaceutical 50 ETF

3.53

Pharmaceutical 50 Index

Fullgoal Fund

Source: Wind / NewTimeSpace Research Institute as of March 27, 2026

On the downside, communication, power, and banking sectors experienced modest pullbacks, with overall declines relatively limited. The Communication ETF managed by Yinhua Fund (159994.SZ) fell 1.34%, recording a relatively larger decline; the Power ETF managed by Huatai-PineBridge Fund (561560.SH) declined 1.04%; the Power ETF managed by GF Fund (159611.SZ) fell 1.01%; the Bank ETF managed by E Fund (516310.SH) declined 0.61%; the Communication ETF managed by ChinaAMC (515050.SH) fell 0.59%; the TMT50 ETF managed by CMFChina (159909.SZ) declined 0.56%; the ChiNext AI ETF managed by Southern Fund (159382.SZ) and the Bank ETF managed by Southern Fund (512700.SH) both declined 0.53%; the Bank ETF managed by Hwabao WP Fund (512800.SH) fell 0.50%; and the ChiNext and STAR Board 50 ETF managed by Tianhong Asset (159603.SZ) declined 0.49%.

Top 10 Losers Among Shanghai-Shenzhen Stock Connect ETFs

Rank

Code

Name

Change (%)

Underlying Index

Fund Manager

1

159994.SZ

Yinhua 5G Communication ETF

-1.34

CSI 5G Communication Index

Yinhua Fund

2

561560.SH

Huatai-PineBridge Power ETF

-1.04

CSI All-Share Electric Utilities Index

Huatai-PineBridge

3

159611.SZ

GF Power ETF

-1.01

CSI All-Share Electric Utilities Index

GF Fund

4

516310.SH

E Fund Bank ETF

-0.61

CSI Bank Index

E Fund

5

515050.SH

ChinaAMC 5G Communication ETF

-0.59

CSI 5G Communication Index

ChinaAMC

6

159909.SZ

CMS TMT50 ETF

-0.56

SZSE TMT50 Index

CMFChina

7

159382.SZ

China Southern ChiNext AI ETF

-0.53

SZSE ChiNext AI Index

China Southern Fund

8

512700.SH

China Southern Bank ETF

-0.53

CSI Bank Index

Southern Fund

9

512800.SH

Hwabao WP Bank ETF

-0.50

CSI Bank Index

Hwabao WP Fund

10

159603.SZ

Tianhong ChiNext and STAR Board 50 ETF

-0.49

CSI STAR & ChiNext 50 Index

Tianhong Asset

Source: Wind / NewTimeSpace Research Institute as of March 27, 2026

Overall, the market on March 27 exhibited a rotational pattern characterized by innovative drugs and rare metals sectors leading the gains, while communication and power sectors experienced modest consolidation. According to NewTimeSpace Research Institute data, sectors such as innovative drugs, rare metals, and biopharma gained market favor, forming a notable sector rotation effect. In contrast, communication, power, and banking sectors, which had previously performed relatively steadily, saw mild pullbacks.

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