Recently, the national development and Reform Commission and other ministries and commissions informed that they agreed to start the construction of National Computing hub nodes in 8 places, including Beijing, Tianjin, Hebei, Yangtze River Delta, Guangdong, Hong Kong, Macao, Dawan District, Chengdu, Chongqing, Inner Mongolia, Guizhou, Gansu and Ningxia, and planned 10 national data center clusters. So far, the project of “counting from the east to the west” has been officially launched.
A brokerage research report pointed out that it is expected that the project of “counting from the east to the west” will drive 400 billion yuan of investment every year. Driven by the news, cloud computing and big data concept stocks strengthened one after another today, Inspur Electronic Information Industry Co.Ltd(000977) hit the intraday limit, Business-Intelligence Of Oriental Nations Corporation Ltd(300166) once rose more than 10%.
The sharp rise of constituent stocks triggered the strength of ETFs related to the tracking of CSI cloud computing, big data theme index and CSI big data industry index, which were highly sought after by funds. Many investors flocked to cloud computing and big data ETF in early trading.
Huabao big data industry ETF (516700) was robbed by funds in the call auction stage, which was close to the opening limit; E-fund cloud computing ETF (516510) and China Merchants cloud computing ETF (159890) were also bought by OTC funds for a time.
However, the price limit of these three ETFs has greatly exceeded the reference net value of fund shares. Naturally, it immediately triggered the selling of arbitrage funds, and the price fell rapidly, resulting in a loss of more than 6% on the same day.
Some market analysts believe that the fluctuation trend of ETF price is not as independent as that of stocks, but closely follows the reference net value of shares. If large funds indiscriminately follow the trend of speculation, pull up or suppress ETF price, it will immediately trigger the emergence of arbitrage funds.
In addition, investors should also note that the price of ETF on the floor is generally about 1 yuan, with three digits after the decimal point. Investors must see the hanging order price clearly when trading ETF, so as to avoid the occurrence of “Oolong index”.
