Group 1: Company Bond ETF Performance - As of May 30, 2025, the Company Bond ETF (511030) increased by 0.05%, with the latest price at 105.82 yuan, and a cumulative increase of 1.04% over the past six months as of May 29, 2025 [1] - The latest scale of the Company Bond ETF reached 15.173 billion yuan, marking a new high in nearly one year [1] - The latest share count of the Company Bond ETF reached 14.3 million shares, setting a new high in nearly one month [2] Group 2: Market Trends and Insights - The scale of China's bond ETFs is approaching 300 billion yuan, experiencing rapid growth over the past two years, with a trend towards indexation and ETFization in the low-interest-rate environment [2] - In the first half of 2025, the scale of pure bond funds slightly decreased, while the scale of bond ETFs grew rapidly [2] - Industry insiders expect second-quarter economic data to be decent, with improvements in consumption and strong exports, but weak investment and prices [2] Group 3: Liquidity and Trading Activity - The Company Bond ETF had a turnover rate of 0.03% with a trading volume of 4.6972 million yuan, and an average daily trading volume of 1.655 billion yuan over the past month [1][2] - The National Treasury ETF (511020) increased by 0.10% to 117.1 yuan, with a cumulative increase of 2.42% over the past six months [5] - The National Development Bond ETF (159651) increased by 0.03% to 106.01 yuan, with a cumulative increase of 1.95% over the past year [6] Group 4: Future Developments - The Company Bond ETF is set to begin general pledge repo trading after receiving a no-objection letter from the China Securities Depository and Clearing Corporation, potentially becoming the only pledgeable, medium-short duration credit bond ETF with a scale exceeding 15 billion yuan [2] - Investors can utilize the Company Bond ETF for pledge financing, leveraging funds to enhance capital efficiency and meet diverse investment strategies [2]