Core Viewpoint - The ETF market in China has shown significant growth in the first half of 2025, with total assets surpassing 4 trillion yuan, marking a 15.57% increase from the end of the previous year. The bond ETFs have experienced the most substantial growth, with a 120.71% increase in size [1][10]. ETF Market Overview - The total scale of ETFs reached 4.31 trillion yuan, with bond ETFs growing to 383.98 billion yuan [1]. - The wide-based ETFs account for half of the total ETF market, with a size of 2.23 trillion yuan, despite a modest growth of 2% [1]. Performance of Individual ETFs - Eighteen ETFs saw their scale increase by over 10 billion yuan, with seven being stock ETFs, primarily focusing on broad-based products like the CSI 300 ETF and thematic products like the robotics ETF [2]. - The CSI 300 ETF from Huaxia Fund led in net inflows, gaining 30.32 billion yuan in net inflow and an increase of 8.14 billion shares [4]. Fund Company Performance - Sixteen fund companies had ETFs with a total scale increase of over 10 billion yuan, with Huaxia Fund leading by adding 93.17 billion yuan, bringing its total ETF management scale to 751.34 billion yuan [3][16]. - The top three fund companies by ETF management scale are Huaxia Fund, E Fund, and Huatai-PB, with respective scales of 751.34 billion yuan, 666.23 billion yuan, and 499.47 billion yuan [14]. Bond ETF Growth - The bond ETF market saw a net inflow of nearly 180 billion yuan, with 23 out of 29 products experiencing growth, resulting in a total size of 383.98 billion yuan [10]. - The Hai Fu Tong Short-term Bond ETF led in net inflows with 19.40 billion yuan, while several other bond ETFs also saw inflows exceeding 18 billion yuan [11]. Cross-border ETF Trends - There has been a significant influx of capital into Hong Kong stocks, leading to a 33.23% increase in the total scale of cross-border ETFs [7]. - The Fortune CSI Hong Kong Internet ETF grew by over 19 billion yuan, and the ICBC Credit Suisse Hong Kong Technology 30 ETF increased by approximately 13 billion yuan [7].