Group 1 - The core viewpoint of the news highlights a significant increase in the establishment of ETFs, with 13 new ETFs launched from May 19 to May 25, totaling over 5 billion yuan in issuance [1][2] - The majority of newly launched ETFs are stock-type funds, primarily focusing on high-volatility markets such as Hong Kong stocks, STAR Market, and ChiNext, with a strong emphasis on the digital economy sector [1][3] - The number of ETFs scheduled for launch in May has nearly doubled compared to the same period last year, with a total of 29 ETFs set to debut [3][4] Group 2 - On May 21, a peak in ETF establishment occurred, with eight ETFs launched on the same day, including the Industrial Bank's Digital Economy ETF, which raised 9.82 billion yuan [2][3] - The newly launched ETFs cover a diverse range of industries, including digital economy, aerospace, and automotive sectors, indicating a broad market interest [3][4] - The newly listed ETFs have shown active trading, with the Industrial Bank's ETF recording a turnover rate exceeding 30% in the first three trading days [5]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued an action plan to promote the high-quality development of public funds, focusing on optimizing the registration process for equity funds [1] Group 1: Registration Optimization - The plan includes the implementation of a fast registration mechanism for exchange-traded funds (ETFs), aiming to complete registration within 5 working days from the date of acceptance [1] - For actively managed equity funds and mature broad-based stock index funds, the registration is expected to be completed within 10 working days from acceptance [1] - Mixed funds and bond funds with specified minimum holding ratio requirements will have a registration timeline of 15 working days from acceptance [1]