重磅！首批9只，落地

Core Viewpoint - The first batch of nine credit bond ETFs has been approved for use as collateral in general repurchase agreements, marking a significant development for the credit bond ETF market in China [1][2]. Group 1: Approval and Launch - On May 29, nine credit bond ETFs from various fund companies received approval from China Securities Depository and Clearing Corporation Limited to be used as collateral for general repurchase agreements [1][2]. - The approved ETFs include those from E Fund, Huaxia, Southern, GF, Bosera, Tianhong, Haifutong, Dacheng, and Ping An, with plans to officially start this business on June 6 [1][2]. Group 2: Benefits for Investors - The introduction of general repurchase agreements for credit bond ETFs is expected to enhance funding efficiency for investors, broaden financing channels, and enrich investment strategies [4][5]. - Credit bond ETFs are anticipated to improve market liquidity and attract more investors, thereby promoting the overall development of the credit bond ETF market [1][4]. Group 3: Market Growth and Performance - The total scale of credit bond ETFs has surged to nearly 137 billion yuan, representing a more than 150% increase compared to the end of the previous year [6]. - As of May 28, the total scale of eight benchmark credit bond ETFs reached 611.83 billion yuan, reflecting a growth of 181.82% since their launch [6]. - E Fund's credit bond ETF has seen significant trading activity, with an average daily trading volume of 2.8 billion yuan and a net inflow of 7.3 billion yuan, leading to a scale increase to 10.542 billion yuan [6]. Group 4: Investor Demographics and Future Outlook - The investor base for benchmark credit bond ETFs is diverse, including pension funds, bank wealth management, insurance asset management, and trust products [7]. - The inclusion of credit bond ETFs in the repurchase collateral pool is expected to better meet investors' financing needs, indicating substantial growth potential for credit bond ETFs in the future [7].