Group 1 - The credit bond ETF market has seen significant growth, with the total scale of the first batch of 8 benchmark market-making credit bond ETFs reaching approximately 112 billion yuan, a growth of about 416% within 5 months [1] - Since their approval for issuance in January, these 8 credit bond ETFs have attracted considerable attention, with several products quickly reaching the fundraising cap of 3 billion yuan, totaling a fundraising scale of 21.71 billion yuan [1] - The latest scale of the Huaxia Shanghai Stock Exchange Benchmark Market-Making Corporate Bond ETF has surpassed 20 billion yuan, while the E Fund Shanghai Stock Exchange Benchmark Market-Making Corporate Bond ETF has reached 18.28 billion yuan [1] Group 2 - The overall scale of bond ETFs has also been rising, with the total scale nearing 360 billion yuan as of June 23, an increase of over 186 billion yuan since the end of last year, making it the fastest-growing category among various ETF products [2] - Credit bond ETFs now account for nearly 57% of the bond ETF market, with a total scale of 204.68 billion yuan, indicating their dominance in the sector [2] - Recently, two bond ETFs, the Hai Fu Tong CSI Short-Term Bond ETF and the Fu Guo Government Bond ETF, have become the first in the domestic bond ETF market to reach a scale of 50 billion yuan [2]

Core Viewpoint - The total scale of bond ETFs in the market has reached 253.65 billion yuan as of May 12, 2025, marking a significant increase of nearly 80 billion yuan or 45.8% year-to-date, making it the second-largest product type in terms of scale growth in the ETF market after commodity ETFs [1]. Group 1: Market Growth - The bond ETF market has seen substantial growth this year, with new fund launches playing a crucial role. Eight newly established benchmark corporate bond ETFs raised a total of 21.71 billion yuan, bringing their management scale to 41.9 billion yuan [1]. - Existing bond ETFs have also attracted significant net inflows, with 21 existing bond ETFs collectively drawing in 30.97 billion yuan in net inflows in 2025, indicating strong market recognition and continued investment enthusiasm [1]. Group 2: Scale Changes Over Time - Key milestones in the scale of bond ETFs throughout the year include: - Early January 2025: 173.97 billion yuan - End of January 2025: 192.05 billion yuan (+10.39%) - End of February 2025: 204.11 billion yuan (+11.35%) - End of March 2025: 218.13 billion yuan (+13.90%) - End of April 2025: 247.64 billion yuan (+13.50%) - May 9, 2025: 253.13 billion yuan (+45.50%) - May 12, 2025: 253.65 billion yuan (+45.80%) [1].