今年以来新发超2500亿元 ETF产品发行进入快车道
Zhong Guo Zheng Quan Bao·2025-11-23 21:49

Core Insights - The index investment has experienced explosive growth in 2023, with ETF product issuance reaching unprecedented levels, surpassing 250 billion yuan, marking a doubling compared to 2024 [1][2] - A total of 328 new ETFs have been established this year, setting a record for the highest number of new issuances in history [1][2] - The approval process for new ETFs, particularly in the "hard technology" sector, has accelerated, indicating regulatory support for innovative industries [6][7] ETF Issuance and Types - The newly established ETFs include a focus on various themes such as Sci-Tech bonds, benchmark market-making credit bonds, and broad-based, "dual innovation," Hong Kong tech, dividend, and cash flow ETFs [1][2] - Notable new ETFs include 24 Sci-Tech bond ETFs and 8 benchmark market-making credit bond ETFs, with issuance scales of 69.77 billion yuan and 21.71 billion yuan respectively [1] - The performance of equity ETFs has been strong, with significant interest in themes like "dual innovation" and Hong Kong tech, leading to increased allocations by public fund institutions [2] Market Participation - Major fund managers like E Fund, Huaxia Fund, and others have launched over 20 new ETFs each, with total issuance scales exceeding 10 billion yuan [3][4] - Smaller public fund institutions are also entering the ETF market, launching their first products, indicating a broadening of market participation [5] Regulatory Changes - The regulatory body has streamlined the approval process for ETFs, removing the requirement for a no-objection letter from the stock exchange, which facilitates quicker market entry for new products [6] - The recent approval of multiple "hard technology" themed ETFs reflects a commitment to support the growth of innovative sectors and attract more investment into these areas [7]