王麦琪 制图 ETF新发份额创年度新高 科技主题备受追捧 ◎胡尧 记者 赵明超 2025年，ETF市场迎来快速扩容，年内新发ETF产品340只，合计发行份额超过2400亿份，创下年度发 行新高。在业内人士看来，ETF具有费率低、透明度高、交易便捷等优势，在政策推动和市场赚钱效应 推动下，正在被越来越多的投资者所接受，未来还有很大的发展空间。 在业内人士看来，随着指数体系不断细化，以及产品设计更加多元，ETF将持续向更垂直的产业链、更 前沿的方向延伸，科技主题ETF依然是重要增量品种来源之一。 指数化投资空间广阔 年内共成立340只ETF Choice数据显示，截至12月25日，年内共成立340只ETF，合计发行份额达2440.53亿份。 从产品类型看，股票型ETF是发行主力。数据显示，年内新发股票型ETF达308只，发行份额1673.61亿 份。从具体产品看：今年9月8日成立的富国机器人ETF，发行份额为23.44亿份；今年2月成立的易方达 科创综指ETF、建信科创综指ETF、博时科创综指ETF等，发行份额均为20亿份。 从主题类型看，科技主题唱主角。数据显示，在年内成立的340只ETF中，科技相关主题产品超 ...

Group 1 - The core viewpoint is that Jianxin Fund is focusing on opportunities in the Sci-Tech Innovation Board, launching multiple ETFs to cater to diverse investment needs in this sector [1][2] - Since its establishment over six years ago, the Sci-Tech Innovation Board has evolved from a "testing ground" to a "new highland" for innovative industries, with small-cap companies becoming a significant part of the board [1] - As of August 19, there are 364 listed companies on the Sci-Tech Innovation Board with a total market capitalization below 10 billion yuan, accounting for 62% of all listed companies, and these companies have a combined R&D investment of 36 billion yuan for 2024 [1] Group 2 - The Jianxin SSE Sci-Tech Innovation Board 200 ETF will be managed by experienced fund manager Gong Jiajia, who has 12 years of experience in the securities industry and has managed six ETF products [2] - The Jianxin SSE Sci-Tech Innovation Board 200 ETF is part of a broader strategy to provide three flagship index products for investors, addressing various investment demands in the Sci-Tech sector [2] - The Jianxin SSE Sci-Tech Innovation Board 200 ETF focuses on small-cap assets, offering stronger yield elasticity and complementing the other two ETFs that cover the overall market and focus on high-quality, low-valuation companies [2]

Core Viewpoint - Liu Dachao has been appointed as the new Vice President of Jianxin Fund, marking a significant leadership change in the company as it celebrates its 20th anniversary [1][2][3] Company Overview - Jianxin Fund, established in September 2005, is one of the first bank-affiliated fund companies in China [7] - As of mid-2025, the total assets under management reached 1.43 trillion yuan, with public fund management scale at 928.3 billion yuan, serving nearly 93 million individual and institutional investors [8] Leadership Change - Liu Dachao, who has been with China Construction Bank since July 2003, has taken on the role of Vice President at Jianxin Fund, succeeding Gong Yongyuan [3][5] - Liu has extensive experience in fund custody and has been a member of the Jianxin Fund management committee since July 2025 [5] Strategic Development - Jianxin Fund is focusing on high-quality development and transformation, enhancing its non-monetary fund layout, improving performance of rights-bearing products, and increasing the proportion of effective holding clients [10] - The company has launched 10 new products in the first half of the year, covering various categories including active and passive rights-bearing products, short-term and long-term bonds [10] Product Innovation - Jianxin Fund has made significant strides in developing a differentiated matrix of science and technology-themed ETFs, which has garnered market attention [10] - The company aims to further enhance its passive product system and expand its active equity product offerings by covering all listed companies in the science and technology sector [10] Performance Metrics - According to data from Galaxy Securities, Jianxin Fund ranks 9th in active stock investment management performance over the past 5 and 7 years, with several funds performing exceptionally well in their respective categories [11]

Core Viewpoint - Liu Dachao has been appointed as the new Vice President of Jianxin Fund, marking a significant leadership change in the company as it approaches its 20th anniversary [2][10]. Group 1: Company Overview - Jianxin Fund, established in September 2005, is one of the first bank-affiliated fund companies in China, with total assets under management reaching 1.43 trillion yuan and public fund management scale at 928.3 billion yuan as of mid-2025 [3][11]. - The company has been focusing on high-quality development and transformation, enhancing its non-monetary fund layout and improving the performance of rights-bearing products [3][13]. Group 2: Leadership Change - Liu Dachao, who has been with China Construction Bank since July 2003, has extensive experience in fund custody and has been appointed as Vice President of Jianxin Fund [6][7]. - His appointment follows the departure of Gong Yongyuan, who left the position of Vice President and Chief Financial Officer due to other work arrangements [8]. Group 3: Product Development - In the first half of this year, Jianxin Fund made significant strides in the differentiated layout of passive products, particularly with its innovative Sci-Tech ETF product matrix, which has garnered market attention [4][13]. - The company launched 10 new products this year, covering various categories including active and passive rights-bearing products, further enriching its non-monetary product system [13]. Group 4: Performance Metrics - Jianxin Fund has shown strong performance in active stock investment management, ranking 9th out of 95 in the industry over the past five years and 9th out of 75 over the past seven years [14]. - Several funds have performed exceptionally well, with eight funds ranking in the top 10% for one-year net asset value growth and six funds achieving similar rankings over two and five years [14].

Core Insights - Technology finance is a crucial driver for social progress, economic growth, and national competitiveness, with significant implications for technological innovation and industrial upgrading [1] - Long-term capital plays a vital role in supporting technology enterprises, helping them overcome challenges related to lengthy R&D cycles and high risks [1] - The relationship between public funds and technology innovation enterprises is deepening, with public funds providing comprehensive financial services throughout the lifecycle of technology companies [1] Group 1: Policy and Strategic Focus - The 2025 policy aims to channel more financial resources into technology innovation, encouraging investments that are early-stage, small-scale, long-term, and focused on hard technology [2] - The company is optimizing resource allocation in technology finance, focusing on equity and bond investments to enhance financing channels for technology enterprises [2] - As of the end of 2024, the company has invested in 1,142 technology enterprises across various sectors, with a focus on new-generation information technology, new energy vehicles, and the biopharmaceutical industry [2] Group 2: Product Development and Performance - The company has established dedicated funds for key industries, with a notable focus on the new energy sector, and has launched several industry-specific funds [3] - By the end of 2024, technology investments accounted for approximately 70% of the company's equity assets, with several products performing well in their respective categories [3] - The company has successfully launched a technology-focused ETF that raised 2.982 billion yuan within 45 minutes of its debut, indicating strong market interest [4] Group 3: Research and Development Capabilities - The company is enhancing its investment research capabilities by cultivating talent and optimizing its organizational structure to better understand technology development cycles [5] - A comprehensive research system has been established to analyze technological trends and industry competition, enabling the identification of technology enterprises with long-term growth potential [5] - The company plans to continue improving its research capabilities and innovate its product offerings to capitalize on emerging technology investment opportunities [5]