Group 1 - The core concept of cross-border ETFs is to track foreign capital market securities and list them on domestic exchanges, providing a convenient way for domestic investors to access overseas markets [1] - Cross-border ETFs have become increasingly popular among investors, allowing for global asset allocation without the need for opening overseas accounts or currency exchange [2] - Cross-border ETFs offer high trading efficiency with T+0 intraday trading, enabling investors to make flexible trading decisions based on market conditions [2] Group 2 - Compared to traditional cross-border QDII funds, cross-border ETFs are more efficient and cost-effective, with T+0 trading versus T+X for QDII funds [3] - Cross-border ETFs do not charge subscription or redemption fees, while QDII funds typically charge 1% to 1.5% for subscription and up to 1.5% for redemption within 7 days [3] - Management fees for cross-border ETFs range from 0.5% to 0.8%, significantly lower than the 1.0% to 1.85% charged by QDII funds [3] Group 3 - Cross-border ETFs allow transactions in RMB, with fund managers converting currency for investment in foreign markets, thus not affecting individual foreign exchange quotas [4] - The net asset value of cross-border ETFs is positively influenced by foreign currency appreciation and negatively affected by RMB appreciation [4]