见证历史！突破50000亿

Core Insights - The total scale of ETFs in the market has surpassed 5 trillion yuan, reaching 5.07 trillion yuan as of August 25, marking a significant milestone in the fund market [1][3] - This achievement is the fastest in history, reflecting the accelerated arrival of a passive investment era [2] Market Growth - The number of ETFs has reached 1,273, with a daily increase of 1.006 billion yuan, officially breaking the 5 trillion yuan mark [3] - The growth of the ETF market has been rapid, with milestones of 1 trillion yuan reached in October 2020, 2 trillion yuan in August 2023, 3 trillion yuan in September 2024, 4 trillion yuan in April 2025, and now 5 trillion yuan in August 2025 [5] - The time taken to surpass the 4 trillion yuan mark was over 6 months, while the 5 trillion yuan mark was achieved in just over 4 months [5] Investment Trends - The main drivers of capital inflow have shifted, with 19 ETFs seeing net inflows exceeding 10 billion yuan during the recent growth, primarily in bond and Hong Kong stock ETFs [6] - Institutional funds have been increasingly investing in innovative products such as the first batch of Sci-Tech bond ETFs and Hong Kong stock ETFs, indicating a trend towards cross-border investment [6] Future Outlook - The continuous growth of the ETF market signifies the arrival of a passive investment era, with a broad future development prospect [7] - Factors contributing to this growth include policy support, improved market sentiment, product innovation, and rising investment demand [7] - The ETF market is expected to maintain rapid growth, supported by further policy initiatives and changing market demands, including increased allocations from personal pensions [7] Strategic Importance - The development of ETFs is seen as a strategic tool for connecting investment and financing, supporting the real economy, and enhancing residents' wealth management [9] - The focus on investor-centric approaches is emphasized, with a shift from product-centered to scenario-centered strategies to improve investor experience [9]