924，新品上市！

Core Viewpoint - The launch of the Kexin Bond ETF (551800) coincides with the one-year anniversary of the "924" market rally, indicating a significant development in the current bull market [1][10]. Group 1: Market Context - The Kexin Bond ETF is introduced during a bull market phase, providing a low-risk investment tool that combines the attributes of technology innovation and bond stability, helping investors optimize asset allocation and hedge against equity market volatility [3]. - The introduction of the Kexin Bond ETF fills a gap in low-risk investment options focused on technology innovation, catering to conservative investors while enhancing the capital market product system [3]. Group 2: Characteristics of Kexin Bonds - Kexin Bonds have a longer duration compared to regular bonds, aligning well with the duration needs of long-term funds such as insurance [7]. - The current static yield of the Kexin Bond index is 1.92%, with over 98% of issuers being state-owned enterprises, indicating a relatively low credit risk [7]. Group 3: Investment Strategy - Investors seeking to capitalize on the policy benefits of technology innovation while prioritizing credit safety and moderate returns may find the Kexin Bond ETF to be an excellent investment tool [9]. - The Kexin Bond ETF offers flexible asset allocation options, allowing investors to quickly adjust their portfolios in response to market changes, thereby enhancing risk management capabilities [9].