中国基金报·2025-10-23 10:11Core Insights - The ETF market in China continues to expand, with significant growth potential observed in both Shanghai and Shenzhen stock exchanges [2][4] - As of September 2025, the total number of ETFs in the Shanghai market reached 760, with a total market value of 40,003.11 billion yuan, reflecting a 7.65% increase from the previous period [2] - In the Shenzhen market, there are 555 ETFs with a total market value of 16,255.16 billion yuan and a total share of 9,648.33 million [2] ETF Holdings by Brokerage Firms - The leading brokerages in the Shanghai ETF market are China Galaxy Securities and Shenwan Hongyuan, holding 22.75% and 16.74% of the market share respectively, together accounting for 39.49% [4][5] - Other notable brokerages include Guotai Junan Securities (8.04%), CITIC Securities (6.87%), and China Merchants Securities (4.74%) [5][6] ETF Trading Volume Rankings - In September, CITIC Securities topped the Shanghai market with an 11.24% share of ETF trading volume, surpassing Huatai Securities, which held 11.09% [8][9] - Year-to-date, Huatai Securities maintains the highest cumulative trading volume share at 11.01% [8][9] Active Trading Accounts - In terms of active trading accounts, Huatai Securities leads with a 10.29% share, followed closely by Dongfang Caifu Securities at 9.94% [15] Market Maker Support - The number of market makers providing liquidity for ETFs has increased, with 21 primary market makers and 12 general market makers servicing 812 fund products as of September [15]