来了！首批！

Core Viewpoint - The first batch of 10 Science and Technology Innovation Bond ETFs has been approved, marking a significant innovation in the credit bond ETF market in China, with expectations for rapid issuance and strong market demand [2][4][5]. Group 1: Approval and Issuance - The first batch of 10 Science and Technology Innovation Bond ETFs received approval from the China Securities Regulatory Commission (CSRC) just 10 trading days after submission [4]. - These ETFs are expected to quickly release their prospectuses and may start selling as early as July 7 [2][4]. - Each ETF may have a single issuance cap of 3 billion yuan, with strong interest from institutional investors potentially leading to some products selling out in one day [5]. Group 2: Market Context and Demand - The credit bond ETF market has seen exponential growth this year, and the introduction of these ETFs is anticipated to replicate the success of earlier credit bond ETFs [4][5]. - Major commercial banks have secured custody qualifications for multiple Science and Technology Innovation Bond ETFs, indicating strong institutional support [5]. Group 3: Strategic Importance - The approval of these ETFs aligns with national strategies to support technological innovation and expand financing channels for tech companies [7][8][9]. - The introduction of Science and Technology Innovation Bond ETFs fills a gap in the public fund sector, providing a transparent and efficient investment vehicle for both institutional and individual investors [8]. Group 4: Investment Opportunities - The current active trading and liquidity of Science and Technology Innovation Bonds are expected to improve further, with ongoing policy support likely to enhance the market's growth [11]. - The favorable financing environment and improving credit quality of issuers suggest a positive outlook for the pricing of Science and Technology Innovation Bonds, potentially leading to a premium similar to green bonds [12].