On the afternoon of October 9th, the fintech sector led a broad market rebound, with widespread gains across the sector.

Huabao Financial Technology ETF (159851) saw a notable surge in on-exchange popularity, with its tracking index briefly climbing over 3% in the afternoon session, drawing heightened capital attention.

Among individual stocks, Shanghai Dzh Limited (601519) hit the daily limit-up straight away, while Tianyang Technology, Airong Software surged over 9%, and Fortune Trend, Hithink RoyalFlush, East Money, Shenzhou Information and multiple other stocks rose more than 3%.

From a medium-to-long-term perspective, catalysts for the fintech sector are gradually accumulating.

On the policy front, strengthened requirements for financial IT innovation and securities firm IT investment are enhancing demand certainty; on the technology front, AI deployment in financial scenarios is opening up growth space; on the valuation front, after deep adjustments, the sector sits at low levels, boosting margin of safety.

With multiple catalysts resonating, the medium-to-long-term recovery logic for the sector is clear, and its allocation value is gradually emerging.

Data shows that as of September 30, 2026, the fintech index had declined over 32% year-to-date, with both the duration and magnitude of the adjustment being relatively sufficient, and current valuations having fallen significantly.

Along with overall market rotation, capital attention toward low-valuation, high-beta sectors has picked up somewhat, and the momentum for an oversold rebound may have entered an accumulation phase.

Once sentiment reverses, its upward elasticity deserves close attention.

In terms of investment tools, Huabao Financial Technology ETF (159851) and its feeder funds (Class A 013477, Class C 013478) have index heavyweights in computer and non-bank financial sectors, covering popular themes such as internet brokers, financial IT, cross-border payments, and AI applications, combining both financial cyclical and technology growth attributes.

Data source: Shanghai and Shenzhen Stock Exchanges, Wind, etc.

Reminder: Recent market volatility may be significant, and short-term gains or losses do not predict future performance.

Investors are advised to invest rationally based on their own financial conditions and risk tolerance, and to pay close attention to position and risk management.

ETF fund-related fee disclosure: When investors subscribe to or redeem fund shares, the subscription and redemption agent may charge a commission of no more than 0.5%.

On-exchange trading fees are subject to actual charges by securities companies, and no sales service fee is charged.

Feeder fund-related fee disclosure: Huabao CSI Financial Technology Theme ETF Initiating Feeder A charges a subscription fee of 1.00% for amounts under 1 million yuan, 0.60% for 1 million yuan (inclusive) to 2 million yuan, and 1,000 yuan per transaction for amounts of 2 million yuan (inclusive) and above; redemption fees are 1.50% for holding periods within 7 days, 0.50% for 7 days (inclusive) to 30 days, and 0.00% for 30 days (inclusive) and above; no sales service fee is charged.

Huabao CSI Financial Technology Theme ETF Initiating Feeder C charges no subscription fee; redemption fees are 1.50% for holding periods within 7 days and 0.00% for 7 days (inclusive) and above; the sales service fee is 0.30% per year.

Risk disclosure: Huabao Financial Technology ETF passively tracks the CSI Financial Technology Theme Index, whose base date is June 30, 2014, and launch date is June 22, 2017.

The CSI Financial Technology Theme Index's annual historical returns for 2021-2025 were: 7.16%, -21.40%, 10.03%, 31.54%, and 18.04%, respectively, while the index's annualized volatility over the same period was 24.92%, 29.41%, 27.07%, 53.47%, and 34.54%.

The index constituent stocks are adjusted in a timely manner according to the index compilation rules, and their back-tested historical performance does not predict future index performance.

The index constituent stocks mentioned in this article are for demonstration purposes only, and individual stock descriptions do not constitute investment advice in any form, nor do they represent the holdings or trading activities of any fund under the manager.

The risk level of this fund as assessed by the fund manager is R3-medium risk, suitable for balanced-type (C3) and above investors.

Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors must be responsible for any investment decisions they make independently.

In addition, any views, analyses, and forecasts in this article do not constitute investment advice in any form to readers, nor shall they bear any responsibility for direct or indirect losses caused by the use of the content herein.

Fund investment involves risks, past performance of a fund does not represent its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance.

Fund investment requires caution.

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