科创债ETF嘉实（159600）8月27日起纳入回购质押库

Core Viewpoint - The announcement by Jiashi Fund regarding the inclusion of Jiashi Zhongzheng AAA Technology Innovation Corporate Bond ETF (code: 159600) in the pledge repo trading system is aimed at enhancing liquidity and meeting investor needs [1][2]. Group 1: Product Overview - Jiashi Zhongzheng AAA Technology Innovation Corporate Bond ETF (159600) is the first and only corporate bond ETF in the market with a scale exceeding 20 billion, currently standing at 20.115 billion [1]. - As of August 21, 2025, Jiashi Zhongzheng AAA Technology Innovation Corporate Bond ETF (159600) ranks first among the first batch of listed corporate bond ETFs in terms of scale [1]. Group 2: Regulatory Context - In March, the China Securities Depository and Clearing Corporation issued a notice allowing eligible credit bond ETF products to pilot general pledge repo business [1]. - The regulatory framework aims to promote the development of corporate bonds, optimize issuance and trading systems, and enhance supporting mechanisms such as interest subsidies and guarantees [2]. Group 3: Benefits for Investors - The inclusion in the repo pledge library provides multiple benefits for both the product and investors, enhancing liquidity, product scale, and trading activity [1]. - Investors can utilize the pledge attribute of Jiashi Zhongzheng AAA Technology Innovation Corporate Bond ETF (159600) to achieve flexible leverage and improve capital efficiency [1][2]. Group 4: Trading Features - The product design incorporates T+0 intra-day trading, physical redemption modes supporting the exchange of physical bonds and ETF shares, and a market maker quoting system, significantly enhancing trading flexibility [2].