Core Insights - The Shenzhen Stock Exchange hosted the 2025 Global Investor Conference, focusing on "New Quality Productivity: Investment Opportunities in China - Open Innovation in the Shenzhen Market" [1] - The conference featured keynote speeches, roundtable discussions, and company roadshows to showcase the investment value of Chinese assets and the A-share market [1] Group 1: Market Dynamics - The Chinese ETF market is expected to be driven by two main factors: the system and mechanism of block trading [2] - The growth potential of China's fixed income ETFs and equity ETFs is significant when compared to other major ETF markets [2] Group 2: Liquidity and Infrastructure - The current fixed liquidity environment in China is more complex than in other markets, but there is optimism for growth in the fixed income ETF market to enhance liquidity [2] - Historical context shows that during the pandemic in March 2020, fixed income ETF liquidity dropped to zero in the U.S., but the market remained stable overall, changing perceptions about the role of ETFs in providing liquidity [2] - The expectation is that China will develop its own model for the growth of fixed income ETFs, with hopes for substantial future development [2]