ETF总规模突破6万亿元 产品矩阵持续丰富

Core Insights - The total scale of ETFs in China has reached a historic record of 6.02 trillion yuan as of December 26, marking the first time it has surpassed the 6 trillion yuan threshold, with an increase of over 2.2 trillion yuan compared to the end of 2024 [1] Group 1: ETF Market Growth - The ETF market has expanded significantly since its inception in 2004, with the total scale surpassing 1 trillion yuan for the first time in October 2020, and reaching 2 trillion yuan in August 2023. The growth accelerated, with the scale hitting 3 trillion yuan in September 2024, 4 trillion yuan in April 2025, and 5 trillion yuan by August 25, 2025 [2] - As of December 26, 2024, there are over 120 ETFs with a scale exceeding 100 billion yuan, up from 66 such ETFs at the end of 2024 [2] Group 2: Factors Driving Growth - The rapid growth of ETF scale is attributed to multiple factors, including regulatory reforms, fee structure optimization, and the establishment of fast-track approval channels for ETFs, which have created favorable conditions for high-quality industry development [3] - In a low-interest-rate and complex market environment, investors are increasingly favoring transparent, low-fee, and tool-oriented ETFs. Continuous product innovation has also responded to market demands, offering a diverse range of ETFs from broad-based to thematic and cross-border options [3] Group 3: Product Diversification - The domestic ETF market is witnessing a rich variety of innovative products, with stock ETFs remaining the dominant category, surpassing 3.8 trillion yuan in scale [4] - The stock ETF product layout shows two main characteristics: the enhancement of broad-based ETF product lines, including the launch of the first batch of Sci-Tech Innovation Board ETFs, and the deepening of niche sectors with thematic ETFs targeting emerging industries [5] - Bond ETFs have also seen unprecedented expansion, with 53 bond ETFs established and a scale approaching 800 billion yuan as of December 26, compared to only 21 bond ETFs with a total scale of 180 billion yuan at the end of last year [5] Group 4: Future Outlook - The future development space for the ETF industry is considered vast, with ETF remaining a key focus for fund companies. As of December 28, there are currently 6 ETFs in the issuance process and 7 more with confirmed issuance dates, targeting a variety of sectors including semiconductor and shipbuilding ETFs [6]