On July 20, the market fluctuated throughout the day. It surged high and fell rapidly in the afternoon. Towards the end of the session, the Science and Technology Innovation 50 Index and the GEM Index pulled up and turned red. Driven by this, GEM 50 ETF Huaan rose 0.73% to 1.651 yuan, with a turnover rate of 21.52% and a turnover of 4.540 billion yuan, ranking first among similar target ETFs. According to the news, Ministry of Industry and Information Technology spokesman Xie Cun said that the next-generation communication network is not only a network upgrade in the traditional sense, but also a key innovation in digital information infrastructure for the intelligent era. In the next step, the Ministry of Industry and Information Technology will focus on the planning and construction of next-generation communication networks to promote the development of the information and communication industry. In terms of capital, GEM 50 ETF Huaan switched from net outflows to net inflows. The net capital outflow for the past 60 trading days was 47.71 million yuan, while the net capital inflow for the past 5 trading days was 1,896 billion yuan, and the net capital inflow for the past 10 trading days was 2,052 billion yuan. As of July 17, 2026, the ETF had a circulation volume of 20.824 billion dollars. CITIC Securities believes that a new round of market conditions is being prepared, waiting for the reversal of various narratives to open up medium term market space. Currently, it is closely monitoring the North American cloud vendor's end-of-month guidance, market sentiment and price indicators, the Federal Reserve's policy orientation after the AI inflation logic weakens, and expectations for important meetings at the end of the month. Huaan Securities pointed out that the recent adjustment is significantly higher than the historical comparable situation. It is due to irrational panic, but it has strengthened confidence that the market is in the second phase. After short-term adjustments are in place or even overadjusted, there is no need to be pessimistic. A restorative rebound is expected to come soon. In terms of configuration, after the AI computing power hardware was drastically cooled down, it was a good opportunity for a new entry into the market. The technology sector's mid-report predicts that the boom will continue. The industry trend is far from over, and firm confidence is needed. Investors can trade GEM 50 ETF Huaan directly through stock accounts, or participate through linked funds.

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