定了！14只 下周三集体上市

Core Viewpoint - The second batch of Sci-Tech Innovation Bond ETFs is set to launch on September 24, with a total issuance scale exceeding 40 billion yuan, indicating strong demand from institutional investors [1][2]. Group 1: Issuance and Demand - The second batch consists of 14 Sci-Tech Innovation Bond ETFs, which completed fundraising in just one day, totaling 407.86 billion yuan [2]. - Institutional investors hold a significant portion of these ETFs, with over 98% ownership in several funds, highlighting their importance in the market [2]. - Major institutional buyers include banks and securities firms, with some investing tens of billions in these ETFs, such as China Merchants Bank holding 15 million shares in two specific ETFs [2][3]. Group 2: Market Growth and Competition - The total scale of bond ETFs has surpassed 600 billion yuan, with the addition of the new Sci-Tech Innovation Bond ETFs contributing to this growth [6]. - The first batch of 10 Sci-Tech Innovation Bond ETFs has also seen explosive growth, increasing by over 90 billion yuan since their launch [4]. - The competitive landscape is expected to intensify as the number of Sci-Tech Innovation Bond ETFs expands to 24, with significant disparities in fund sizes among them [5]. Group 3: Market Liquidity and Management - To enhance market liquidity, several existing Sci-Tech Innovation Bond ETFs have increased their market-making services, indicating a proactive approach to ensure stable operations [4]. - The rise of bond ETFs is attributed to the challenges of active bond investment in a declining interest rate environment, making passive index products more appealing [6].