见证历史！6万亿之上

Group 1 - The core theme of the article is the significant growth of the ETF market in China, with the total market size reaching 6.02 trillion yuan by the end of 2025, marking a 61.33% increase from the previous year [4][6][33] - The number of ETF products increased to 1,401, reflecting a growth of 33.93% from the end of 2024, indicating a robust expansion in the market [4][27] - Major players in the ETF market include Huaxia, E Fund, and Huatai-PB, which dominate the management scale, with Huaxia leading at 957.16 billion yuan [23][24] Group 2 - The performance of ETFs showed structural differentiation, with six ETFs achieving a unit net value growth rate exceeding 100%, particularly in sectors like communication, artificial intelligence, and non-ferrous metals [6][7] - Conversely, some ETFs tracking food and beverage indices experienced declines, with the wine ETF dropping by 12.96% [9][6] - The top ten ETFs by net inflow included the Hong Kong Stock Connect Internet ETF, which attracted over 566 billion yuan, highlighting the strong demand for cross-border investment products [17][10] Group 3 - The bond ETF market also saw explosive growth, with the total size surpassing 800 billion yuan, driven by the popularity of the Sci-Tech Bond ETF, which accounted for over 50% of the annual growth in this segment [29][28] - The A500 ETF segment became a focal point of competition, with total assets exceeding 300 billion yuan and significant net inflows recorded in December 2025 [31][32] - The ETF issuance market experienced a historic surge, with 362 new ETFs launched in 2025, surpassing the total from the previous two years combined [27][28] Group 4 - The ETF custody market also expanded, with the top five custodians holding approximately 75% of the total ETF market size, indicating a concentration of assets among leading institutions [33] - A trend towards standardization in ETF naming was observed, with major firms like E Fund completing the renaming of their products to align with new regulatory guidelines [34]