Core Insights - The Chinese public fund market has reached a significant milestone with the total scale of ETFs (Exchange-Traded Funds) officially surpassing 6 trillion yuan, now standing at 6.03 trillion yuan, marking an increase of 2.29 trillion yuan within the year and a year-on-year growth exceeding 60% [1] - The growth trajectory of ETFs has been remarkable, taking nearly 16 years to first exceed 1 trillion yuan, while the leap from 5 trillion yuan to 6 trillion yuan was achieved in just 4 months, setting a record for the fastest increase between trillion yuan milestones [1] Market Growth - The total scale of ETFs in China has reached 6.03 trillion yuan, reflecting a substantial increase in market size and attractiveness [1] - The year-on-year growth rate of over 60% indicates a robust expansion in the ETF sector [1] - The rapid growth from 5 trillion yuan to 6 trillion yuan in just 4 months highlights the accelerating pace of ETF adoption in the market [1] Historical Context - The ETF market took nearly 16 years to grow from 0 to 1 trillion yuan, showcasing the long-term development of this investment vehicle [1] - The recent surge in ETF scale demonstrates a significant shift in investor behavior and market dynamics within a short timeframe [1]

Market Overview - The bond market experienced a slight increase last week (June 9-13, 2025), with the China Bond Composite Wealth Index (CBA00201) rising by 0.18% and the China Bond Composite Full Price Index (CBA00203) increasing by 0.15% [2][11] - The yield on government bonds remained stable, while credit bond yields showed a downward trend, leading to a narrowing of credit spreads [2][11] - The second round of China-US negotiations concluded without significant new information, and macroeconomic data appeared weak, contributing to the decline in bond yields [11][12] Public Fund Market Dynamics - There has been a significant expansion of credit bond ETFs in 2025, with the total scale exceeding 110 billion yuan. Numerous fund companies are actively applying for technology innovation bond index funds, with the first batch potentially including 10 companies [14][15] - The first public rental housing REIT expansion was completed, raising approximately 946 million yuan through the issuance of about 224 million fund shares, which has positively impacted the REITs market [13][14] Fund Index Performance Tracking - Short-term bond fund index rose by 0.05% last week, with a cumulative return of 3.87% since inception [3][17] - Medium to long-term bond fund index increased by 0.11%, achieving a cumulative return of 6.36% since inception [4][17] - REITs fund index surged by 1.98%, with a remarkable cumulative return of 39.45% since inception [10][17] Specific Fund Index Insights - The low volatility fixed income + fund index rose by 0.13%, with a cumulative return of 2.23% since inception [5][17] - The medium volatility fixed income + fund index increased by 0.12%, with a cumulative return of 1.51% since inception [6][17] - The high volatility fixed income + fund index saw a rise of 0.28%, with a cumulative return of 2.96% since inception [7][17] REITs Market Development - The REITs market maintained high activity levels, with the China REITs Total Return Index rising by 0.69% last week, driven by the performance of public rental housing projects [13][14]