Core Viewpoint - The rapid approval and launch of the first batch of Sci-Tech Bond ETFs, including the Invesco Great Wall Shenzhen AAA Sci-Tech Bond ETF, signify a strategic move by the Chinese government to enhance capital market support for technological innovation and new productivity development [1] Group 1: Sci-Tech Bond ETF Overview - The Invesco Great Wall Shenzhen AAA Sci-Tech Bond ETF (code: 159400) is the first bond ETF from Invesco Great Wall and the only ETF tracking the Shenzhen AAA Sci-Tech Innovation Company Bond Index [2] - The underlying index includes publicly issued technology innovation company bonds listed on the Shenzhen Stock Exchange, focusing on AAA-rated entities, primarily state-owned enterprises and high-quality private tech companies [2] Group 2: Index Performance - As of June 17, 2025, the Shenzhen AAA Sci-Tech Bond Index has yielded 12.01% and 3.53% over the past year and since its base date on December 30, 2022, respectively, outperforming the Wind medium to long-term pure bond fund index [3] - The index represents high-quality sci-tech bond assets with relatively stable returns and lower risk due to high credit ratings, making it an attractive investment option [3] Group 3: Fund Management Team - The ETF employs a sampling replication method for index tracking, with a management team comprising experienced professionals from fixed income and ETF sectors [4] - The team includes Chen Jianbin, with 9 years of experience in securities and expertise in credit bond selection, and Zhang Xiaonan, with 15 years of experience and a strong background in ETF management [4] Group 4: Company Background and Strategy - Invesco Great Wall has a strong foundation in fixed income and ETF investments, ranking highly in absolute return scores among large fixed income companies [5] - The company has over a decade of experience in ETF operations and aims to enhance its product offerings, including the new Sci-Tech Bond ETF, to provide investors with diverse investment options [5][6] - The launch of the Sci-Tech Bond ETF aligns with national strategies to promote technological innovation and offers investors more avenues to participate in the tech development wave [6]