



Core Viewpoint - The article highlights the competitive landscape of ETF business among securities firms, emphasizing the leading positions of China Galaxy and Shenwan Hongyuan in ETF holdings, while Huatai Securities leads in trading volume [2][4]. ETF Holdings Ranking - As of the end of May, the total number of ETF products in the Shanghai market is 691, with a total market value of 30,018.81 billion yuan, reflecting a 1.33% increase from the previous period [4]. - China Galaxy Securities holds the largest market share in ETF holdings at 24.63%, followed by Shenwan Hongyuan at 18.05%, and CITIC Securities and China Merchants Securities at 6.06% and 4.78%, respectively [4][6]. ETF Trading Volume Ranking - In May, Huatai Securities led the ETF trading volume with an 11.3% market share, significantly ahead of the second place, CITIC Securities, which had a 9.35% share [7][8]. - The trading volume for ETFs in May reached 30,097.61 billion yuan, with an average daily trading volume of 1,584.08 billion yuan [4]. Brokerage Business Performance - The top brokerage for ETF trading volume in May was Huabai Securities' Shanghai Dongdaming Road branch, capturing 3.59% of the market share [9][10]. - The competitive landscape among brokerage branches is intense, with several smaller firms showing strong performance [9]. ETF Trading Account Numbers - In terms of ETF trading accounts, Huatai Securities and Oriental Fortune each hold over 10% of the market share, at 11.59% and 11.18%, respectively [12]. - The dominance of leading brokerages in trading accounts is attributed to their strong brand influence and comprehensive customer service [12][13]. Strategic Developments - Leading brokerages are enhancing their ETF business strategies, with Guotai Junan focusing on optimizing the ETF ecosystem and Huatai Securities leveraging advanced technology for trading services [12][13]. - Smaller brokerages are also seeking differentiated development paths, with firms like Caitong Asset Management investing in passive equity products [13].