98只，大扩容！

Core Insights - The "ETF Connect" program is set to expand significantly at the beginning of the year, with 98 new products being added, increasing the total from 273 to 364, a growth of over 30% [1][6] - In 2025, the northbound capital through "ETF Connect" reached a record high of 816.58 billion yuan, marking the highest annual amount since the program's inception [1][12] - The inclusion of more ETFs is expected to enhance market vitality and liquidity in both Hong Kong and mainland China [1] Group 1: Expansion Details - On January 19, 54 ETFs listed on the Shanghai Stock Exchange will be included in the northbound Shanghai Stock Connect, while 44 ETFs from the Shenzhen Stock Exchange will be added to the northbound Shenzhen Stock Connect [3][6] - A total of 98 new ETFs will be added, including notable products like the CSI A500 ETF and satellite ETFs, which will diversify investment options for investors [2][10] Group 2: Market Impact - The expansion of "ETF Connect" is anticipated to significantly boost the trading volume and liquidity of ETFs in both markets, thereby promoting the development of the ETF market [1][12] - The record trading volume in 2025 is attributed to the continuous expansion of the product pool, optimization of the system, and favorable market conditions [12] Group 3: Fund Companies Involved - The new additions to "ETF Connect" involve 29 fund companies, with Huaxia Fund leading with 14 ETFs, followed by E Fund with 10, and others like Fortune and Huitianfu with 7 and 6 products respectively [10] - The inclusion of the CSI A500 ETF marks a significant milestone, with major fund companies like Huatai-PB and Southern Fund having substantial assets under management in these ETFs [10]