（原标题：果然"炸了"！刚刚，重磅来了） 【导读】上半年大卖！银行系股票指数基金保有量规模激增37.9%，上半年销售机构公募基金保有量50强榜单来了 中国基金报记者 李树超 权益资产快速回暖背景下，公募基金保有市场格局大洗牌！ 最新公募基金保有量数据显示，2025年上半年，公募基金销售保有量前十强保持座次不变，蚂蚁基金、招行等头部机构渠道优势突出，权益类基 金保有规模增长势头迅猛；券商系受益于较高风险偏好客群，权益类基金保有规模增幅最大；银行系的股票指数基金保有量规模激增37.9%，彰 显了股票指数基金被市场广泛接受和认可。 一、 蚂蚁、招行增长势头强劲 权益基金保有规模保持两位数增长 9月12日，中基协公布的2025年上半年基金销售机构公募基金保有规模数据显示，蚂蚁基金权益类基金保有规模达8229亿元，上半年环比增幅为 11%，仍然高居榜首位置。 招商银行的权益类基金保有规模为4920亿元，同期增幅高达20%，在银行系机构中居于首位。 与上期数据相比，公募基金销售保有量前十强座次不变，天天基金、工商银行的权益类基金保有规模超3300亿元，建行、中行、交行等位居市场 前列。 券商机构中，中信证券、华泰证券也在 ...

Group 1 - The core viewpoint is that the CSI 300 ETF has experienced significant growth, with a total scale increase of nearly 400 billion yuan over the past year, making it one of the most关注的 categories in the broad-based ETF market this year [1] - The substantial growth of the CSI 300 ETF is attributed to its unique positioning as a market stabilizer, covering the 300 largest and most liquid stocks in the Shanghai and Shenzhen markets, which effectively reduces the risk of individual stock "black swan" events through diversified investment [1][2] - The CSI 300 ETF's appeal to both institutional and retail investors is driven by its ability to provide a convenient way to invest in core Chinese assets, especially as the A-share market experiences increased stock differentiation and challenges in stock selection for ordinary investors [2] Group 2 - The expansion of the CSI 300 ETF is a result of multiple factors, including regulatory support for long-term capital entering the market and the rapid development of derivative markets, which have enhanced the strategic value of the ETF [2] - The rise of passive investment strategies globally has also contributed to the CSI 300 ETF's growth, as it aligns with investors' pursuit of certainty in returns, particularly during market volatility [2] - The explosive growth of the CSI 300 ETF provides insights into the long-term investment value of core assets, as its constituent stocks are primarily industry leaders with significant profitability and growth potential, offering investors a channel to share in China's high-quality economic development [3]

Core Insights - The bond ETF market in China has entered a rapid growth phase, with the total scale exceeding 510 billion yuan, and 21 bond ETFs now exceeding 10 billion yuan in size [1][3][5] - The growth is attributed to continuous policy support, product innovation, and the increasing popularity of passive investment strategies [1][5][9] Market Overview - As of July 25, there are 39 bond ETFs in the market, with a total scale of 510.5 billion yuan, marking significant milestones this year as the scale surpassed 200 billion, 300 billion, 400 billion, and 500 billion yuan [3][5] - Notable products include Hai Fu Tong's Zhong Zheng Short-term Bond ETF and Fu Guo's Zhong Zhai 7-10 Year Policy Financial Bond ETF, both exceeding 50 billion yuan in scale [5] Investor Dynamics - Institutional investors hold 82.98% of bond ETFs, but there is a growing participation from individual investors, particularly in index bond funds [8] - The trend indicates that while institutional investors will remain the primary participants, individual investors' acceptance and participation are expected to increase [8] Future Outlook - The bond ETF market is anticipated to continue expanding, driven by the advantages of low fees, trading flexibility, and the ability to pledge securities [9][10] - Industry experts expect the introduction of more innovative products and improvements in liquidity arrangements to further enhance market vitality [10]

Core Viewpoint - The bond ETF market in China is experiencing rapid growth, with the total scale exceeding 510 billion yuan, driven by policy support, product innovation, and the increasing popularity of passive investment strategies [2][5]. Group 1: Market Growth and Scale - As of July 25, the total scale of bond ETFs reached 510.5 billion yuan, with 39 bond ETFs in the market, marking significant milestones of surpassing 200 billion, 300 billion, 400 billion, and 500 billion yuan this year [5]. - There are currently 21 bond ETFs with a scale exceeding 10 billion yuan, indicating a robust expansion in the market [4][5]. - Notable products include Hai Fu Tong Zhong Zheng Short-term Bond ETF and Fu Guo Zhong Dai 7-10 Year Policy Financial Bond ETF, both exceeding 50 billion yuan in scale [5]. Group 2: Factors Driving Growth - The growth of bond ETFs is attributed to their scarcity, operational convenience, and flexibility compared to traditional bond index funds [5]. - Regulatory support and policies encouraging product innovation have also played a crucial role in the development of the bond ETF market [6]. Group 3: Investor Composition and Trends - Institutional investors hold 82.98% of bond ETFs, but there is a growing participation from individual investors, particularly in index bond funds [8]. - The trend indicates that while institutional investors will remain the primary participants, the proportion of individual investors is expected to increase in the coming years [9]. Group 4: Future Outlook - The bond ETF market is anticipated to continue expanding, with expectations for more innovative products to be launched [10]. - The advantages of bond ETFs, such as lower fees and trading flexibility, are expected to attract more investors, especially in a declining interest rate environment [10].