领跑亚太，中国ETF市场规模超越日本

Core Insights - The Chinese ETF market has surpassed Japan, reaching an asset management scale of $681 billion, making it the largest ETF market in the Asia-Pacific region [1] - Since 2015, both China and Japan's ETF markets have shown steady growth, but the growth rate has diverged significantly, with China's market accelerating post-2022 [3] - In 2024, Japan's ETF market saw a net inflow of $13 billion, while China's inflow reached $133 billion, indicating a substantial difference in market dynamics [3] Market Growth Comparison - Japan's ETF market has experienced slower growth, taking approximately 20 years to reach $100 billion and 30 years to exceed $600 billion [4] - In contrast, China's first ETF was launched in December 2004, and it took over seven years to surpass $1 trillion in scale, with the latest market size exceeding $480 billion in August 2023 [3][4] - The Asia-Pacific ETF market is projected to grow at a compound annual growth rate (CAGR) of 18%, potentially reaching $8 trillion by 2035 [4] Regulatory Support - Chinese regulatory bodies have actively supported the ETF market by expediting product approvals and removing financing limits, which has contributed to its rapid growth and increased product offerings [4] - The rise in acceptance of low-cost, high-liquidity investment products among retail investors has also been a significant factor in the growth of the Chinese ETF market [4]