Core Viewpoint - The Huatai-PineBridge Hang Seng Index Hong Kong Stock Connect ETF is set to be listed on December 15, 2025, with a total trading share of 344 million, and is currently in the accumulation phase with a significant stock investment ratio of 69.53% [1] Group 1: ETF Listing and Investment Composition - The Huatai-PineBridge ETF has a total asset allocation of 14.27% in bank deposits and settlement reserves, while stock investments account for 69.53% of total assets [1] - In the past month, 23 stock ETFs have announced their listings, with an average position of only 19.69%, making the Huatai-PineBridge ETF the highest at 69.53% [1] - Other ETFs with high positions include Morgan Stanley Hang Seng Hong Kong Stock Connect 50 ETF at 54.00%, Bosera National Certificate Industrial Software Theme ETF at 46.74%, and CMB International CSI 800 Free Cash Flow ETF at 44.72% [1] Group 2: Institutional Investor Participation - Among the recently listed ETFs, the average number of shares raised is 483 million, with the top three being the Huatai-PineBridge ETF, the Innovation and Entrepreneurship Artificial Intelligence ETF at 933 million, and the Jiashi CSI Sub-Segmented Chemical Industry Theme ETF at 926 million [2] - The average proportion of shares held by institutional investors is 11.11%, with the highest being the Innovation and Entrepreneurship Artificial Intelligence ETF at 34.43% [2] - ETFs with lower institutional investor holdings include Tianhong National Certificate Hong Kong Stock Connect Technology ETF at 0.59% and E Fund CSI A500 Dividend Low Volatility ETF at 2.91% [2]

Core Insights - The E Fund CSI A500 Dividend Low Volatility ETF is set to be listed on December 1, 2025, with a total of 692 million shares for trading [1] - As of November 24, 2025, the fund's asset allocation shows 90.15% in bank deposits and settlement reserves, while stock investments account for 9.84% [1] - A total of 24 stock ETFs have announced listings in November, with an average allocation of only 20.03% [1] Fund Details - The E Fund CSI A500 Dividend Low Volatility ETF was established on November 17, 2025, and is currently in the accumulation phase [1] - The fund's investment strategy indicates a low stock allocation during its initial phase, which is common for newly listed ETFs [1] - Other ETFs with higher allocations include Morgan Stanley Hang Seng Stock Connect 50 ETF at 54.00%, and others like Bosera National Industrial Software Theme ETF and Southern CSI Hong Kong Stock Connect Internet ETF with allocations of 46.74% and 45.33% respectively [1] Institutional Holdings - Among the newly listed ETFs, the average institutional investor holding is 9.87%, with the highest being 31.99% for the Guolian An Hong Kong Stock Connect Technology ETF [2] - The E Fund CSI A500 Dividend Low Volatility ETF has a low institutional holding of 2.91% [2] - The data indicates a varied interest from institutional investors across different ETFs, with some showing significantly higher engagement [2]

Core Insights - Two stock ETFs have announced their listing, with the highest stock position being 46.74% for the Bosera National Industrial Software Theme ETF [1] - A total of 17 stock ETFs have announced listings in November, with an average position of only 20.97% [1] - The average fundraising for the newly announced ETFs is 422 million shares, with the leading funds being the China Merchants National Hong Kong Stock Connect Technology ETF and others [1] ETF Positioning - The Bosera National Industrial Software Theme ETF has the highest stock position at 46.74%, followed by the Southern CSI Hong Kong Stock Connect Internet ETF at 45.33% and the China Merchants CSI 800 Free Cash Flow ETF at 44.72% [1] - The lowest positions are held by the Tianhong CSI Agricultural Theme ETF and the Industrial Technology ETF, both at 0.00% [1] Institutional Ownership - The average shareholding by institutional investors is 11.11%, with the highest being 31.99% for the Guolian An Hong Kong Stock Connect Technology ETF [2] - The Tianhong National Hong Kong Stock Connect Technology ETF has the lowest institutional ownership at 0.59% [2] Fundraising and Listing Dates - The newly established stock ETFs have varying fundraising sizes, with the Bosera National Industrial Software Theme ETF raising 613 million shares and the Tianhong CSI Agricultural Theme ETF raising 445 million shares [3] - Listing dates for these ETFs range from November 6 to November 24, 2025 [3]

Core Viewpoint - Tianhong Zhongzheng Agricultural Theme ETF is set to be listed on November 21, 2025, with a trading share of 445 million, and is currently in the accumulation phase with 100% of its total assets in bank deposits and settlement reserves, and 0% in stock investments [1][2] Group 1: ETF Launch and Composition - A total of 15 stock ETFs have announced their listing in November, with an average position of only 19.55%, while the highest position is held by Southern Zhongzheng Hong Kong Stock Connect Internet ETF at 45.33% [1] - Tianhong Zhongzheng Agricultural Theme ETF has a current position of 0.00%, indicating it is still in the accumulation phase [1][2] - Other ETFs with low positions include Industrial Bank Zhongzheng Financial Technology ETF and Guolian An Hong Kong Stock Connect Technology ETF, with positions of 0.00% and 0.06% respectively [1] Group 2: Fund Size and Investor Structure - The average fundraising for the ETFs announced in November is 423 million shares, with the largest being the招商国证港股通科技ETF at 935 million shares [2] - Institutional investors hold an average of 11.93% of the shares, with the highest proportions in Guolian An Hong Kong Stock Connect Technology ETF (31.99%), Huabao Zhongzheng Hong Kong Stock Connect Information Technology Comprehensive ETF (29.99%), and Ping An Zhongzheng General Aviation Theme ETF (18.60%) [2] - Tianhong Guo Zheng Hong Kong Stock Connect Technology ETF has a low institutional holding ratio of 0.59% [2]

Group 1 - The Southern CSI Hong Kong Stock Connect High Dividend Investment ETF is set to be listed on November 20, 2025, with a total of 379 million shares for trading [1] - As of November 13, 2025, the fund's asset allocation consists of 80.09% in bank deposits and settlement reserves, while stock investments account for 19.91% [1] - In November, a total of 14 stock ETFs have announced their listings, with an average position of only 20.95% [1] Group 2 - The average fundraising for the newly announced ETFs in November is 421 million shares, with the largest being the China Merchants National Index Hong Kong Stock Connect Technology ETF at 935 million shares [2] - Institutional investors hold an average of 12.39% of the shares in these ETFs, with the highest being 31.99% in the Guolian An Hong Kong Stock Connect Technology ETF [2] - The Southern CSI Hong Kong Stock Connect Internet ETF has the highest position at 45.33%, while the lowest is 0.00% for the Industrial Bank CSI Financial Technology ETF [2][3]

- Multiple index-enhanced products were established this week, including CICC Beizheng 50 Index Enhanced A, Ping An Hang Seng Index Enhanced A, and Guolian CSI Hong Kong Stock Connect Comprehensive Index Enhanced A, adding new members to the index-enhanced ETF category [4][5][8] - Recent fundraising activities include the completion of fundraising for 17 index products, such as CICC CSI All Index Enhanced A and Guotou Ruixin SSE Composite Index Enhanced A, while 23 index products, including Guotou Ruixin Beizheng 50 Constituent Index A and Hua Xia S&P Hong Kong Stock Connect Low Volatility Dividend ETF, began fundraising [8][9][11] - 13 index products were submitted for approval this week, including thematic funds like Dacheng CSI Subdivision Chemical Industry Thematic ETF and Dacheng CSI Battery Thematic ETF, as well as connection funds like Penghua ChiNext New Energy ETF Connection and Guoshou Anbao CSI A500 Low Volatility Dividend ETF Connection [12][13][14]

- The report primarily focuses on the establishment and fundraising of multiple index-enhanced products, including the recent launch of several index-enhanced ETFs such as CICC Beijing Stock Exchange 50 Index Enhanced A, Ping An Hang Seng Index Enhanced A, and Guolian CSI Hong Kong Stock Connect Composite Index Enhanced A[5] - A total of 20 index-enhanced products were established recently, including notable ones like Changsheng CSI A500 Index Enhanced A, CICC CSI All Index Enhanced A, and Guotou Ruixin Shanghai Composite Index Enhanced A[6][10] - The report highlights the upcoming fundraising for 23 index products, including index-enhanced funds such as Zhongjia Beijing Stock Exchange 50 Constituent Index Enhanced A and Huaxia CSI 800 Index Enhanced A[9][12] - The report also mentions the recent application of 13 index products, with a portion being index-enhanced funds like Huatai-PineBridge CSI A500 Index Enhanced Fund and Shangyin CSI All Index Enhanced Fund[13][14][15]

Core Insights - Two stock ETFs have announced their listing, with Jiashi's ETF holding 19.99% and Yifangda's ETF holding 10.02% [1] - A total of 12 stock ETFs have announced listings in November, with an average holding of 20.01%, and the highest being 45.33% for Nanfang's ETF [1] - The average fundraising for the newly announced ETFs is 4.35 million shares, with the largest being 9.35 million shares for the Zhaoshang ETF [1][2] ETF Holdings - Institutional investors hold an average of 13.40% of the shares, with the highest being 31.99% for Guolianan's ETF [2] - The ETFs with the lowest institutional holdings include Tianhong's ETF at 0.59% and Yifangda's ETF at 3.54% [2] ETF Listing Details - Jiashi's ETF was established on November 6, 2025, with a fundraising of 9.26 million shares and a holding of 19.99% [2] - Nanfang's ETF was established on October 29, 2025, with a holding of 45.33% and a fundraising of 2.70 million shares [2] - The average holding for newly listed ETFs is 20.01%, with significant variations among different funds [1][2]

Group 1 - The core viewpoint of the articles highlights the increasing involvement of both domestic and foreign institutions in the ETF market, driven by policy support and product innovation, making ETFs an important asset allocation tool [1][4][5] - A significant number of ETFs have been launched this year, with over 300 ETFs listed as of November 10, 2023, indicating a rapid expansion of the ETF market [4] - Foreign institutional investors, particularly major players like Barclays and UBS, are prominent buyers of newly launched ETFs, such as the Brazilian-themed ETFs, which saw a total subscription exceeding 5 billion yuan [2][3] Group 2 - Domestic industrial capital is also participating in the ETF market, with companies like Zhejiang Huaxing Glass and Guangdong Huaxing Glass collectively purchasing over 30 million shares of the China Securities 800 Free Cash Flow ETF [3] - The approval process for new ETF products is accelerating, with 16 ETFs currently in the issuance stage, covering various sectors including banking, home appliances, and chemicals [4] - Future innovations in the ETF space are anticipated, including the development of stock-bond constant ETFs, as multiple fund companies are preparing to report related products [5]

Core Insights - Four stock ETFs have recently announced their listing, with varying stock positions, indicating a diverse investment strategy among these funds [1] - The average stock position for newly listed ETFs in November is 21.02%, with the highest being 45.33% for the Southern CSI Hong Kong Internet ETF [1][2] - Institutional investors hold an average of 14.84% of the shares in these newly listed ETFs, with some funds having significantly higher institutional ownership [2] Group 1: ETF Listings and Positions - The Guolianan Hong Kong Stock Connect Technology ETF has a stock position of 0.06% [1] - The Huabao CSI Hong Kong Stock Connect Information Technology Comprehensive ETF has a stock position of 16.34% [1] - The Tianhong National Index Hong Kong Stock Connect Technology ETF has a stock position of 11.20% [1] - The招商中证800自由现金流ETF has a stock position of 44.72% [1] - The highest stock position among newly listed ETFs is 45.33% for the Southern CSI Hong Kong Internet ETF [1][2] Group 2: Fund Size and Institutional Ownership - The average number of shares raised for newly listed ETFs in November is 3.80 million [2] - The largest share amounts are for the 招商国证港股通科技ETF (9.35 million shares), Tianhong National Index Hong Kong Stock Connect Technology ETF (6.45 million shares), and 兴业中证金融科技ETF (4.07 million shares) [2] - Institutional ownership is highest in the Guolianan Hong Kong Stock Connect Technology ETF (31.99%), followed by the Huabao CSI Hong Kong Stock Connect Information Technology Comprehensive ETF (29.99%) [2]