Core Points - The announcement by Huaxia Fund on August 26 states that starting from August 27, 2025, the Sci-Tech Bond ETF Huaxia (551550) will be eligible for pledge-style repurchase transactions as a pledged security, enhancing its market liquidity and trading activity [1] - The inclusion of the Sci-Tech Bond ETF Huaxia in the repurchase pledge library is expected to attract more investors and bring substantial benefits to the related market [1] - The ETF focuses on a basket of high-growth technology innovation company bonds, tracking the CSI AAA Technology Innovation Company Bond Index, with sample bonds rated AAA and above [1] Summary by Sections Market Impact - The first batch of nine credit bond ETFs was included in the general pledge-style repurchase on June 6, leading to a more than 60% increase in trading volume on that day compared to the previous trading day [1] - The inclusion of the Sci-Tech Bond ETF is anticipated to further enhance its investment value and market participation [1] Product Characteristics - The ETF's component bonds have a remaining maturity distribution of 0-30 years, with the highest proportion in the 1-5 year maturity range, indicating a focus on medium to short duration [1] - The index has a large market capitalization and potential for yield exploration, with component bond issuers primarily being central and state-owned enterprises, suggesting overall manageable credit risk [1]