Core Insights - The approval of the Southern Fund's Sci-Tech Bond ETF (159700) for inclusion in the repurchase pledge library marks a significant step in enhancing liquidity management and optimizing investor capital efficiency, reflecting the achievements of policy support for technological financial innovation [1] Group 1 - As of August 21, 2024, the Southern Fund's Sci-Tech Bond ETF has surpassed 10 billion yuan in scale, becoming a leading product in the market for sci-tech bond-themed ETFs [1] - The ETF tracks the CSI AAA Sci-Tech Innovation Company Bond Index, which consists entirely of AAA-rated sci-tech innovation company bonds issued on the Shanghai and Shenzhen exchanges, with an index market value exceeding 1 trillion yuan and covering over 800 individual bonds, characterized by high liquidity and low credit risk [1] - The approval for inclusion in the pledge library is a direct response to the national strategy promoting technological finance, as outlined in the CSRC's implementation opinions released in February 2025, which emphasize increasing support for the bond market in favor of technological innovation [1] Group 2 - The Southern Fund's Sci-Tech Bond ETF, as one of the first index tools aligned with this policy direction, will help broaden investor participation in sci-tech bond investments, further enhancing pricing efficiency and market vitality [1]

Core Viewpoint - The approval and launch of the first batch of Sci-Tech Innovation Bond ETFs, such as the Southern CSI AAA Sci-Tech Innovation Corporate Bond ETF, provide an important tool for capital market investment in technology innovation [1][2]. Group 1: Product Overview - The Southern CSI AAA Sci-Tech Innovation Corporate Bond ETF (code: 159700) aims to offer investors an efficient, transparent, and low-cost investment tool for high-credit Sci-Tech bonds [1]. - The ETF tracks the CSI AAA Sci-Tech Bond Index, focusing on corporate bonds from technology innovation companies listed on the Shanghai and Shenzhen stock exchanges with an AAA credit rating [1]. - The market size of the CSI AAA Sci-Tech Bond Index exceeds 1 trillion yuan, with over 800 constituent bonds, covering central enterprises, state-owned enterprises, and high-quality private technology companies [1]. Group 2: Policy Support - Policy measures are continuously being released to support the long-term development of Sci-Tech Bond ETFs, with the China Securities Regulatory Commission emphasizing the need to enhance support for technology innovation in the multi-level bond market [2]. - The implementation of tax incentives and re-lending support from multiple departments creates a favorable environment for the issuance of Sci-Tech Bond ETFs [2]. Group 3: Market Position and Future Outlook - Southern Fund, as a leading public fund institution, is committed to serving national strategies and actively responding to policy directions in the technology finance sector [3]. - The launch of the Sci-Tech Bond ETF is significant for filling the gap in the "technology finance" bond fund sector and promoting high-quality development in technology finance [3]. - The ETF provides a more transparent and efficient way for institutional and individual investors to participate in the market for Sci-Tech bonds, indicating a broad development prospect [3].