重磅！首批9只，落地

Core Viewpoint - The approval of nine credit bond ETFs as general collateral for repurchase agreements marks a significant development in the market, enhancing liquidity and investment opportunities for investors [1][3]. Summary by Sections Approval of Credit Bond ETFs - On May 29, nine credit bond ETFs received approval from China Securities Depository and Clearing Corporation to be used as general collateral for repurchase agreements, allowing them to officially start this business by June 6 [1][3]. Benefits for Investors - The introduction of general collateral repurchase agreements for credit bond ETFs is expected to improve capital efficiency for investors, broaden financing channels, and enrich investment strategies [4][5]. - Investors can leverage credit bond ETFs for financing, enhancing their capital usage efficiency and meeting diverse investment needs [4][5]. Market Growth and Performance - The total scale of credit bond ETFs has surged to nearly 137 billion yuan, increasing over 150% compared to the end of last year, indicating a strong market presence [7]. - As of May 28, the total scale of eight benchmark credit bond ETFs reached 611.83 billion yuan, reflecting a growth of 181.82% since their launch [7]. - The active trading of these ETFs, such as the E Fund's Shanghai Stock Exchange benchmark credit bond ETF, has led to significant inflows and rapid growth in scale [7][8]. Investor Demographics and Future Potential - The investor base for benchmark credit bond ETFs is diverse, including pension funds, bank wealth management, insurance asset management, and trust products, indicating strong institutional interest [8]. - The inclusion of credit bond ETFs in the repurchase collateral pool is expected to better meet investors' financing needs, suggesting substantial growth potential in the future [8].