Core Viewpoint - The People's Bank of China has announced the resumption of open market treasury bond trading operations, which had been suspended for nearly 10 months, providing confidence to the bond market amid recent fluctuations [1]. Part 01: What is a Bond Index Fund? - A bond index fund invests over 80% of its assets in bonds and aims to achieve market-average returns by passively tracking a specific bond index. It offers high transparency, low fees, risk diversification, and a clear strategy [1][2]. Part 02: Types of Bond Index Funds - China's bond market is divided into interbank and exchange markets, leading to two parallel systems for bond index investment: over-the-counter bond index funds and exchange-traded bond ETFs [4][6]. Part 03: Characteristics of Bond ETFs - Bond ETFs support T+0 trading, allowing investors to buy and sell on the same day, enhancing trading convenience. As of July 23, 2025, the total scale of bond ETFs has surpassed 500 billion yuan, with significant growth observed since last year [7][14]. Part 04: Why Bond ETFs Have Exploded - Bond ETFs are advantageous due to T+0 trading, pledgeability, high efficiency, and low transaction costs, making them a favorable tool for investors in bond market allocations [14][18]. Part 05: Advantages of Bond ETFs Compared to Stock ETFs - Bond ETFs offer high liquidity, lower trading thresholds through sampling replication, lower transaction fees, and the ability to be used for high ratio pledge financing, which broadens financing channels [18]. Part 06: Suitable Investors for Bond Index Funds - Bond index funds are suitable for conservative investors seeking high transparency, investors with diverse allocation needs, professional investors with clear investment demands, and those with a stable risk preference [19][20][21][22]. Company Overview - Huaxia Fund has established a comprehensive bond research system and is one of the earliest companies to build a credit research team. It currently offers eight index bond fund products, covering various categories, making it an important tool for investors to share in bond market opportunities [23].