中国ETF市场年内规模增长超2万亿元【国信金工】

Market Overview - The A-share market showed a mixed performance last week, with the Shanghai Composite Index, CSI 500, and CSI 300 yielding returns of 0.03%, 0.00%, and -0.28% respectively, while the STAR 50, ChiNext, and Shenzhen Component Index had returns of -2.99%, -2.26%, and -0.89% respectively [5][15] - The trading volume of major indices decreased last week, with the average daily trading volume for major indices falling within the historical percentile range of 55%-75% over the past 52 weeks [18][20] - In terms of industry performance, retail trade, consumer services, and non-bank financials led with returns of 6.58%, 4.4%, and 2.99% respectively, while power equipment and new energy, electronics, and machinery lagged with returns of -3.09%, -3.02%, and -1.71% respectively [22][23] Fund Issuance and Performance - A total of 40 new funds were established last week, with a total issuance scale of 183.21 billion yuan, showing an increase compared to the previous week [4] - The number of funds reported for issuance last week was 41, which is a decrease from the previous week, including 1 REITs, 1 QDII, and 2 FOFs [5] - The median performance of alternative funds this year has been the best, with a return of 52.67%, while the median returns for active equity, flexible allocation, and balanced mixed funds were 27.29%, 20.97%, and 15.16% respectively [33][40] ETF Market - As of December 19, 2025, the total scale of China's ETF market reached 5.83 trillion yuan, a significant increase of 56% from 3.73 trillion yuan at the end of 2024, with a net increase of 2.09 trillion yuan [10] - The top ten ETFs with the highest scale growth this year included the CSI 300 Index ETF, which saw a scale increase of over 173.1 billion yuan, and the gold ETF, which increased by over 150 billion yuan [13] - The thematic ETFs performed notably well, with the Hong Kong Stock Connect Innovative Drug Index ETF showing a staggering growth rate of 2923.19%, followed by the Robot Index ETF at 489.63% [13] Asset Management Scale - As of December 17, 2025, the total scale of asset management products from various financial institutions reached 80.03 trillion yuan, with public funds accounting for 36.74 trillion yuan [9] - The scale of private asset management products from securities companies and their subsidiaries was 6.37 trillion yuan, while private funds reached 21.99 trillion yuan [9]