见证历史，刚刚，突破6万亿元大关
3 6 Ke·2025-12-27 08:59

Core Insights - The ETF market in China has reached a significant milestone, with total assets surpassing 6 trillion yuan as of December 26, marking a growth of nearly 2.3 trillion yuan in 2023 alone, the first time the annual increase has exceeded 2 trillion yuan since the inception of ETFs in 2004 [1][4][2] Market Growth - The total number of ETFs in the market has reached 1,391, with a total scale of 6.03 trillion yuan, reflecting a daily increase of 354.52 billion yuan [2] - The growth rate of the ETF market has accelerated, with the time taken to surpass each trillion yuan milestone decreasing significantly: 4 months for 5 trillion yuan and just over 4 months for 6 trillion yuan [4] ETF Types and Performance - Stock ETFs remain the largest segment, totaling 3.85 trillion yuan, but their market share has decreased from 77.38% to 63.78% [4] - Bond ETFs and cross-border ETFs have seen remarkable growth, with their scales reaching 804.56 billion yuan and 938.91 billion yuan respectively, reflecting year-on-year increases of 362.46% and 239.42% [4] - The total net inflow into the ETF market this year has reached 1.33 trillion yuan, with bond ETFs, cross-border ETFs, and stock ETFs leading the inflows [5] Leading Products - The top five stock ETFs by net inflow include products from Guotai Junan, Huaxia, and Haitong, with each exceeding 200 billion yuan in inflows [5] - In the cross-border ETF segment, the top inflow product is the Fuguo Hong Kong Internet ETF, which has attracted over 57 billion yuan [8] - The leading bond ETFs include products focused on credit bonds, indicating a shift in investor preference [9] Industry Dynamics - The number of ETF management firms with over 100 billion yuan in assets has increased to 16, highlighting a growing concentration in the industry [16] - The top three firms—Huaxia, E Fund, and Huatai-PB—control approximately 41% of the total ETF market, with their combined management scale reaching 2.48 trillion yuan [18] - The competitive landscape is shifting towards a focus on comprehensive service capabilities rather than just the number of products offered [20]