富时罗素亚太区股票及多资产指数联席主管闫岩：积极搭建国际与中国资本互联互通桥梁

Core Viewpoint - 2025 is a pivotal year for the resumption of Sino-British financial dialogue and the accelerated high-quality development of China's capital market [1][2] Group 1: Market Developments - Significant achievements in China's capital market include institutional opening, increased long-term capital inflow, and expansion of new productive assets [1] - The Shanghai-Hong Kong Stock Connect's activity has steadily increased, and the QFII/RQFII investment scope has been optimized [1] - The total market capitalization of A-shares has surpassed 100 trillion yuan, with annual trading volume exceeding 400 trillion yuan and average daily trading over 17 trillion yuan [1] Group 2: ETF Market Growth - The Chinese ETF market has grown from non-existence to over 1,000 products and nearly 4 trillion yuan in total scale by the end of 2024 [2] - Passive index fund management scale has historically surpassed active equity funds, marking a significant shift in investment strategies [2] - The management scale of ETFs is expected to exceed 6 trillion yuan in 2025, positioning it as the largest in Asia [2] Group 3: International Integration - The company has actively integrated into China's high-level opening-up, establishing bridges for international and Chinese capital connectivity [3] - The launch of the FTSE China A50 Index and the iShares FTSE China A50 ETF marked significant milestones in tracking Chinese A-shares [3] - The company plans to continue enhancing cooperation with market participants and introduce more innovative index products to support cross-border index ecosystems [3]