Policy support for petrochemical and chemical industry upgrades, focus on the ETF investment value in the chemical industry: E Fund (516570).

GateUser-bd883c58 · 2026-04-08T01:32:20+00:00

Today’s morning session, the China Securities Chemical Industry Index opened higher and continued to rise. As of 11:00, the index increased by 2.7%. Among the constituent stocks, Hengyi Petrochemical and Shengquan Group hit the daily limit up, Hualu Hengsheng rose over 9%, and Luxi Chemical increased over 7%.On the news front, the Ministry of Industry and Information Technology and six other departments jointly issued the "Action Plan for Accelerating the Renovation and Upgrading of Old Equipment in the Petrochemical and Chemical Industry (2026–2029)." The plan proposes to complete the renovation of old equipment by 2029, promote safety, green, and intelligent upgrades, and establish a sound long-term system for continuous renovation and improvement. It aims to comprehensively shift China’s petrochemical and chemical industry from "large quantity" to "high quality."Regarding increased financial support, the "Action Plan" suggests utilizing existing policy funds such as large-scale equipment upgrades, technological innovation, and technical renovation re-lending to support eligible old equipment upgrades. Currently, the country has increased the scale of technological innovation and technical renovation re-lending from 50

GateUser-bd883c58

2026-04-08 01:32:20

In today’s morning session, the CSI Petroleum & Petrochemical Industry Index opened higher and rose steadily. As of 11:00, the index was up 2.7%. Among constituent stocks, Hengyi Petrochemical and Shengquan Group hit the daily limit; Hualu Hengsheng rose more than 9%; and Luxi Chemical rose more than 7%.

On the news front, the Ministry of Industry and Information Technology and six other departments jointly released the “Action Plan to Further Strengthen the Update and Renovation of Aging Units in the Petrochemical and Chemical Industry (2026–2029).” The plan sets the goal of completing the renovation of aging units by 2029 and advancing upgrades toward safety, greenness, and intelligence. It also calls for establishing and improving a long-term working mechanism for ongoing renovation and improvement, to comprehensively drive China’s petrochemical and chemical industry from “large in volume” to “better in quality.”

With regard to increasing financial support, the Action Plan proposes leveraging existing policy funding channels such as large-scale equipment upgrades, technology innovation, and re-loans for technological renovation and upgrades, to support qualifying updates and renovations of aging units. Currently, China has raised the scale of the re-loan for technology innovation and technological renovation from 500 billion yuan to 1.2 trillion yuan, and reduced the interest rate from 1.75% to 1.25%.

Chemical industry ETF E Fund (516570, feeder fund A/C: 020104/020105) tracks the CSI Petroleum & Petrochemical Industry Index. Its latest fund size ranks first among similar products, and its management fee rate is only 0.15% per year—making it the lowest tier among ETFs. It can help investors package leading players in oil refining and petrochemicals as well as basic chemicals with a single click, capturing opportunities for the update and upgrade of the chemical industry.

Daily Economic News

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.