科创债ETF南方（159700）纳入回购质押库申请正式收到审批函

Core Viewpoint - The approval of the Southern Fund's Sci-Tech Bond ETF (159700) for inclusion in the repurchase pledge library marks a significant step in enhancing liquidity management and optimizing investor capital efficiency, reflecting the achievements of policy support for financial innovation in technology [1][2]. Group 1: Product Overview - The Sci-Tech Bond ETF (159700) is one of the first ETFs tracking the CSI AAA Sci-Tech Innovation Company Bond Index, focusing on AAA-rated technology innovation company bonds listed on the Shanghai and Shenzhen stock exchanges, with a market size exceeding 100 billion yuan as of August 21 [1]. - The ETF comprises over 800 constituent bonds, characterized by high liquidity and low credit risk, with a total market value of over 1 trillion yuan [1]. Group 2: Policy and Market Impact - The inclusion of the Sci-Tech Bond ETF in the repurchase pledge library is a proactive response to national financial policies aimed at promoting the deep integration of technological and financial innovation [1]. - The China Securities Regulatory Commission's implementation opinions emphasize increasing support for the multi-tiered bond market for technological innovation and enhancing the quality development of technology innovation bonds [1]. Group 3: Investment Features - The ETF offers T+0 trading, a low fee structure of 0.15% per year, and diversified investment characteristics, providing investors with flexibility for same-day buying and selling [2]. - The inclusion in the repurchase pledge library is expected to enrich the asset allocation system for technology finance, guiding more social capital into hard technology sectors and facilitating easier participation in bond investments related to technology innovation [2]. Group 4: Future Strategy - Southern Fund is committed to advancing product innovation in the bond index fund sector, aiming to create a comprehensive product system that covers a wide range of bond types and maturities, enhancing investment efficiency and experience [3]. - The company plans to continue focusing on the Sci-Tech Bond ETF (159700) to inject momentum into capital market tool innovation and multi-tiered development, aligning with its mission of "technology finance" [3].