科创债ETF南方（159700）纳入回购质押库申请正式收到审批函

Core Viewpoint - The inclusion of the Southern Fund's Sci-Tech Bond ETF (159700) into the repurchase pledge library marks a significant step in enhancing liquidity management and optimizing investor capital efficiency, reflecting the achievements of policy support for technological financial innovation [1][4]. Group 1: Product Overview - The Sci-Tech Bond ETF (159700) is one of the first ETFs tracking the CSI AAA Sci-Tech Innovation Company Bond Index, focusing on AAA-rated technology innovation corporate bonds listed on the Shanghai and Shenzhen stock exchanges, with a market value exceeding 1 trillion yuan and over 800 constituent bonds, characterized by high liquidity and low credit risk [4]. - As a response to national financial policies, the inclusion of the ETF into the repurchase pledge library is an important practice to promote the deep integration of technological innovation and financial innovation [4][5]. Group 2: Policy and Market Impact - The China Securities Regulatory Commission (CSRC) has emphasized the need to enhance the support of the multi-level bond market for technological innovation, aiming to promote the high-quality development of technology innovation corporate bonds and include high-quality corporate sci-tech bonds as benchmark market-making varieties [5]. - The ETF's T+0 trading mechanism, low fee structure of 0.15% per year, and diversified investment characteristics provide investors with flexibility for same-day trading, thereby reducing long-term holding costs [5]. Group 3: Future Development and Strategy - The Southern Fund is actively advancing product innovation in the bond index fund sector, establishing a diversified product system that covers a wide range of bond types and durations, aiming to provide a one-stop solution for bond asset allocation [6]. - The company plans to continue focusing on the Sci-Tech Bond ETF (159700) to inject momentum into the innovation of capital market tools and multi-level development, fulfilling its mission of "technological finance" [6].