LiJian-2's first flight successful, a major breakout in the commercial space sector, and the military industry ETF Guotai (512660) surged over 2%

The successful maiden flight of Lijian-2 sparked a major boom in the commercial space sector. On March 30, the Guotai CSI Military Industry ETF (512660) surged by more than 2%.

In terms of the latest update, in October last year, the Lijian-2 dedicated launch pad located at the Dongfeng Commercial Aerospace Innovation Test Zone, operated by CASC Space, was officially completed. Less than half a year later, this dedicated launch pad welcomed the Lijian-2’s maiden flight mission. At 19:00 on March 30, 2026, the Lijian-2 Yao-1 launch vehicle lifted off, successfully delivering three satellites precisely into their planned orbits, including a space experiment spacecraft.

CICC Securities noted that China’s commercial space industry is currently in a critical transition stage from the technology validation period to commercialization and large-scale development, and is accelerating its integration into the strategic emerging industry layout specified in the national “15th Five-Year Plan.” At present, domestic technological breakthroughs and system buildout are being accelerated in parallel: the Long March 12A and Suzaku-3 have completed their maiden flights, indicating that reusable rockets have entered the validation stage; at the same time, constellations led by entities such as SatNet are entering a period of intensive network deployment, speeding up the race to secure low-orbit resources. Driven by the strategic goal of building a major space power during the “15th Five-Year Plan,” domestic policies, capital, and technology are forming a collective force, promoting commercial space to move from the technology validation stage to the scaled, commercialized operations stage.

The Guotai CSI Military Industry ETF (512660) tracks the CSI Military Industry Index (399967). The index selects securities of publicly listed companies whose main businesses are related to the military industry from the Shanghai and Shenzhen markets as index constituents. It covers core areas such as aviation, aerospace, and shipbuilding to reflect the overall performance of securities of military-themed listed companies. The index has a relatively high level of industry concentration, focusing on aerospace equipment and military electronics, and overall exhibits a small- and mid-cap style.

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Daily Economic News