Zhong Guo Zheng Quan Bao·2025-09-24 22:12Core Viewpoint - The second batch of 14 sci-tech bond ETFs was launched on September 24, with significant participation from institutional investors, indicating a growing acceptance and demand for bond ETFs in the market [1][3][6]. Group 1: Market Performance - The top-performing ETF, Huatai-PineBridge CSI AAA Sci-Tech Bond ETF, achieved a trading volume exceeding 15 billion yuan, while the Guotai CSI AAA Sci-Tech Corporate Bond ETF followed closely with over 11 billion yuan [1][2]. - The first-day net subscription amounts for the Industrial Bank CSI AAA Sci-Tech Corporate Bond ETF exceeded 8.5 billion yuan, and the Silver华 CSI AAA Sci-Tech Corporate Bond ETF surpassed 7.2 billion yuan [2][3]. Group 2: Institutional Participation - The second batch of ETFs saw substantial subscriptions from banks, insurance, and wealth management institutions, with notable participation from Industrial Bank and China Merchants Bank, each subscribing around 3 billion units [3][4][5]. - Insurance funds primarily targeted ETFs from Taikang and Huatai-PineBridge, with Taikang Life Insurance accounting for a significant portion of the subscriptions [5]. Group 3: Market Trends - The domestic bond ETF market has rapidly expanded, surpassing 600 billion yuan in size, with institutional investors becoming a crucial component of this growth [6][7]. - The anticipated regulatory changes regarding redemption fees for bond funds may drive more institutional capital towards bond ETFs, enhancing their market opportunities [6][7].