ETF产品发行进入快车道

Core Insights - The index investment has experienced explosive growth this year, with ETF product issuance entering a fast track, achieving record highs in both the number of new ETFs and issuance scale [1][2][3] Group 1: ETF Market Growth - As of November 23, 2023, 328 new ETFs have been established in China this year, with a total issuance scale exceeding 250 billion yuan, marking a historical high and doubling the scale compared to 2024 [1][2] - The issuance scale of bond ETFs, particularly the Sci-Tech Bond ETF and the Benchmark Market Credit Bond ETF, has reached 69.77 billion yuan and 21.71 billion yuan respectively, with 24 and 8 public fund institutions participating [1][2] Group 2: Popular ETF Themes - Equity ETFs focusing on themes such as "Double Innovation" and Hong Kong technology have gained significant traction among public fund institutions, with over 10 institutions actively investing in ETFs tracking indices like the CSI A500 and Sci-Tech Composite Index [2][3] - New ETFs tracking themes like Sci-Tech AI, Free Cash Flow, and Hong Kong Innovation Drugs have seen additional scales exceeding 5 billion yuan, while those tracking indices like the Entrepreneurial Board AI and Hong Kong Technology have added over 3 billion yuan [2] Group 3: New Entrants and Differentiation - Major fund houses like E Fund, Fuguo Fund, and Huaxia Fund have launched over 20 new ETFs each this year, with issuance scales surpassing 18.83 billion yuan, 15.99 billion yuan, and 15.58 billion yuan respectively [3][4] - Smaller public fund institutions are also entering the ETF market, with firms like Yongying Fund and Changcheng Fund launching their first ETFs, covering various themes including home appliances and low-volatility dividends [4] Group 4: Regulatory Changes and Approval Process - The approval process for ETF registration has been expedited, with the China Securities Regulatory Commission optimizing the registration and listing review process, removing the requirement for a no-objection letter from the stock exchange [5] - A recent batch of "hard technology" themed ETFs has been quickly approved, indicating regulatory support for the hard technology sector and facilitating capital flow into innovative fields like artificial intelligence [5]