Shanghai-Shenzhen Stock Connect ETFs Daily Report: STAR Chip Design ETF Jumps Nearly 6% as Banks and Environmental Names Retreat Across the Board; Growth-Value Split Hits Extremes - 20260827

NewTimeSpace · 2026/08/27 15:50 · By Boyuan Chen

NewTimeSpace News: On 27 August 2026, STAR Chip and STAR Growth directions of the Shanghai-Shenzhen Stock Connect ETFs rallied broadly. The CPIC China Science And Technology Innovation Board Chip Design Theme ETF (588780.SH) gained 5.93% and the E Fund SSE Science And Technology Innovation Board Growth ETF (588020.SH) rose 5.62%; the China Merchants CSI BANK AH Price ETF (517900.SH) fell 1.22%, with bank and environmental ETFs broadly retreating. NewTimeSpace monitoring showed a clear extreme divergence featuring a broad technology-growth rally versus pressure on defensive value.

NewTimeSpace News: On 27 August 2026, the Shanghai-Shenzhen Stock Connect ETF market showed an extreme divergence between growth and value styles, with technology-growth themes such as STAR Chip, STAR Growth and communication equipment rallying across the board, while defensive value sectors including banks, environmental protection, dividend low-volatility and carbon-neutral names broadly retreated.

STAR Chip and STAR Growth themes were exceptionally strong on the day, with multiple related ETFs gaining more than 4.5%. The CPIC China Science And Technology Innovation Board Chip Design Theme ETF (588780.SH) led with a 5.93% advance; the E Fund SSE Science And Technology Innovation Board Growth ETF (588020.SH) rose 5.62%; the Harvest SSE STAR Chip Index ETF (588200.SH) added 4.79%; the Guotai SSE STAR Chip Index ETF (589100.SH) climbed 4.72%; the China Universal China Science And Technology Innovation Board Chip ETF (588750.SH) gained 4.65%; the Guotai CSI All Share Communication Equipment ETF (515880.SH) rose 4.63%; the China Southern SSE STAR Chip Index ETF (588890.SH) advanced 4.61%; the ChinaAMC China Science And Technology Innovation Board Artificial Intelligence ETF (589010.SH) increased 4.55%; and both the Huaan SSE STAR Chip Index ETF (588290.SH) and the Bosera SSE STAR Chip Index ETF (588990.SH) added 4.53%. Overall, STAR Chip, STAR Growth and communication equipment formed a strong sector-wide momentum, with all top-10 gainers advancing more than 4.5% and the technology-growth complex rallying broadly.

Shanghai-Shenzhen Stock Connect ETF Top 10 Gainers
No.	Code	Name	Change (%)	Tracking Index	Manager
1	588780.SH	CPIC China Sci&Tech Innovation Board Chip Design Theme ETF	5.93	SSE STAR Chip Design Theme Index	CPIC Fund Management
2	588020.SH	E Fund SSE Science And Technology Innovation Board Growth ETF	5.62	SSE STAR Growth Index	E Fund Management
3	588200.SH	Harvest SSE STAR Chip Index ETF	4.79	SSE STAR Chip Index	Harvest Fund Management
4	589100.SH	Guotai SSE STAR Chip Index ETF	4.72	SSE STAR Chip Index	Guotai Asset Management
5	588750.SH	China Universal China Science And Technology Innovation Board Chip ETF	4.65	SSE STAR Chip Index	China Universal Fund Management
6	515880.SH	Guotai CSI All Share Communication Equipment ETF	4.63	CSI All Share Communication Equipment Index	Guotai Asset Management
7	588890.SH	China Southern SSE STAR Chip Index ETF	4.61	SSE STAR Chip Index	China Southern Asset Management
8	589010.SH	ChinaAMC China Science And Technology Innovation Board Artificial Intelligence ETF	4.55	SSE STAR Artificial Intelligence Index	China Asset Management
9	588290.SH	Huaan SSE STAR Chip Index ETF	4.53	SSE STAR Chip Index	Huaan Fund Management
10	588990.SH	Bosera SSE STAR Chip Index ETF	4.53	SSE STAR Chip Index	Bosera Asset Management
Source/Compiled by: Wind / NewTimeSpace Research Institute, as of the close onAugust 27, 2026

On the downside, banks and environmental protection led the declines, though the pullbacks were overall contained. The China Merchants CSI BANK AH Price ETF (517900.SH) fell 1.22%, the steepest drop; the Hwabao WP CSI Banks ETF (512800.SH) declined 1.21%; the Tianhong CSI Bank ETF (515290.SH) slipped 1.14%; the ChinaAMC CSI Banks ETF (515020.SH) eased 1.13%; the China Southern CSI Banks ETF (512700.SH) lost 1.05%; the China Universal CSI Banks ETF (512820.SH) dipped 1.03%; the GF China Security Environmental Protection Industry Index ETF (512580.SH) fell 1.00%; the China Southern S&P China A-Share Large-Cap Dividend Low Volatility 50 ETF (515450.SH) and the CPIC CSI A500 Dividend Low Volatility ETF (560570.SH) each retreated 0.99%; and the Chinaamc CSI Interior Low-Carbon Economy Theme ETF (159790.SZ) declined 0.98%. Banks, environmental protection, dividend low-volatility and carbon-neutral products came under pressure, but none fell more than 1.3%.

Shanghai-Shenzhen Stock Connect ETF Top 10 Losers
No.	Code	Name	Change (%)	Tracking Index	Manager
1	517900.SH	China Merchants CSI BANK AH Price ETF	-1.22	CSI Bank AH Price Index	China Merchants Fund Management
2	512800.SH	Hwabao WP CSI Banks ETF	-1.21	CSI Banks Index	Hwabao WP Fund Management
3	515290.SH	Tianhong CSI Bank ETF	-1.14	CSI Banks Index	Tianhong Asset Management
4	515020.SH	ChinaAMC CSI Banks ETF	-1.13	CSI Banks Index	China Asset Management
5	512700.SH	China Southern CSI Banks ETF	-1.05	CSI Banks Index	China Southern Asset Management
6	512820.SH	China Universal CSI Banks ETF	-1.03	CSI Banks Index	China Universal Fund Management
7	512580.SH	GF China Security Environmental Protection Industry Index ETF	-1.00	CSI Environmental Protection Industry Index	GF Fund Management
8	515450.SH	China Southern S&P China A-Share Large-Cap Dividend Low Volatility 50 ETF	-0.99	S&P China A-Share Large-Cap Dividend Low Volatility 50 Index	China Southern Asset Management
9	560570.SH	CPIC CSI A500 Dividend Low Volatility ETF	-0.99	CSI A500 Dividend Low Volatility Index	CPIC Fund Management
10	159790.SZ	Chinaamc CSI Interior Low-Carbon Economy Theme ETF	-0.98	CSI Interior Low-Carbon Economy Theme Index	China Asset Management
Source/Compiled by: Wind / NewTimeSpace Research Institute, as of the close onAugust 27, 2026

Data from NewTimeSpace Research showed that on 27 August 2026 the Shanghai-Shenzhen Stock Connect ETF market displayed an extreme strength-weakness divergence between growth and value. Technology-growth directions such as STAR Chip, STAR Growth and communication equipment attracted concentrated buying and led the gains, while defensive value sectors including banks, environmental protection, dividend low-volatility and carbon-neutral names retreated collectively. Market leadership rotated swiftly from the previous session's industrial non-ferrous metals and brokerages to STAR Chip and communication technology, with the technology-growth complex rallying broadly and value-defensive products extending their correction, leaving the growth style in absolute dominance.

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Shanghai-Shenzhen Stock Connect ETFs Daily Report CPIC China Sci&Tech Innovation Board Chip Design Theme ETF China Merchants CSI BANK AH Price ETF

Shanghai-Shenzhen Stock Connect ETFs Daily Report: STAR Chip Design ETF Jumps Nearly 6% as Banks and Environmental Names Retreat Across the Board; Growth-Value Split Hits Extremes - 20260827

Shanghai-Shenzhen Stock Connect ETF Top 10 Gainers

Shanghai-Shenzhen Stock Connect ETF Top 10 Losers