Core Insights - Two stock ETFs have recently announced their listing, with aerospace stocks holding a position of 24.05% and the Xinyuan CSI 800 Dividend Low Volatility ETF at 19.25% [1] - In the past month, 22 stock ETFs have announced their listings, with an average position of only 31.88%. The highest position is held by the Chuangjin Hexin CSI State-Owned Enterprises Dividend ETF at 98.80% [1][2] - The average fundraising for the newly announced ETFs is 421 million shares, with the leading funds being the GF CSI Satellite Industry ETF, the CMB National Index Hong Kong Stock Connect Technology ETF, and the Huaan National Index Hong Kong Stock Connect Consumer Theme ETF, with shares of 1.171 billion, 935 million, and 639 million respectively [1] ETF Positioning - The average institutional investor holding is 15.39%, with the highest proportions in the Penghua Hong Kong Stock Connect Low Dividend ETF (97.57%), the Fortune Creation Board New Energy ETF (66.53%), and the Harvest Hang Seng Index Hong Kong Stock Connect ETF (59.52%) [2] - The lowest institutional holding proportions are found in the Southern CSI Hong Kong Stock Connect 50 ETF (0.57%), the GF CSI Satellite Industry ETF (1.31%), and the Chuangjin Hexin CSI State-Owned Enterprises Dividend ETF (2.20%) [2] Fund Details - The newly listed ETFs include the Aerospace ETF with a position of 24.05%, the Guoshou Anbao CSI A500 Dividend Low Volatility ETF at 0.00%, and the Xinyuan CSI 800 Dividend Low Volatility ETF at 19.25% [2][3] - Other notable ETFs include the CMB National Index Hong Kong Stock Connect Technology ETF with a position of 31.14%, and the Boshi Securities Company ETF at 70.09% [2][3] - The Chuangjin Hexin CSI State-Owned Enterprises Dividend ETF has the highest position at 98.80%, indicating a strong focus on state-owned enterprises [3]

Core Insights - Two stock ETFs have recently announced their listing, with aerospace stocks holding a position of 24.05% and the Xinyuan CSI 800 Dividend Low Volatility ETF at 19.25% [1] - In the past month, 22 stock ETFs have announced their listings, with an average position of only 31.88%. The highest position is held by the Chuangjin Hexin CSI State-Owned Enterprises Dividend ETF at 98.80% [1][2] - The average fundraising for the newly announced ETFs is 421 million shares, with the leading funds being the GF CSI Satellite Industry ETF, the CMB National Index Hong Kong Stock Connect Technology ETF, and the Huaan National Index Hong Kong Stock Connect Consumer Theme ETF, with shares of 1.171 billion, 935 million, and 639 million respectively [1][2] ETF Holdings Structure - The average proportion of shares held by institutional investors is 15.39%, with the highest being the Penghua Hong Kong Stock Connect Low Volatility Dividend ETF at 97.57% [2] - Other ETFs with significant institutional holdings include the Fortune Creation Board New Energy ETF at 66.53% and the Jiashi Hang Seng Index Hong Kong Stock Connect ETF at 59.52% [2] - Conversely, the South China CSI Hong Kong Stock Connect 50 ETF, the GF CSI Satellite Industry ETF, and the Chuangjin Hexin CSI State-Owned Enterprises Dividend ETF have low institutional holding ratios of 0.57%, 1.31%, and 2.20% respectively [2]

Core Insights - Two stock ETFs have recently announced their listing, with the latest positions showing a stock allocation of 70.09% for Bosera Securities Company ETF and 14.37% for Western Li De Growth Enterprise Comprehensive ETF [1] - A total of 18 stock ETFs have announced listings in October, with an average allocation of only 34.83%. The highest allocation is 98.80% for the Chuangjin Hexin CSI State-Owned Enterprises Dividend ETF [1][2] - The average fundraising for the newly announced ETFs in October is 413 million shares, with the largest being the GF CSI Satellite Industry ETF at 1.171 billion shares [1] ETF Allocation and Holdings - The ETFs with the highest stock allocations include: - Chuangjin Hexin CSI State-Owned Enterprises Dividend ETF: 98.80% - Qianhai Kaiyuan CSI Private Enterprises 300 ETF: 82.97% - Fu Guo Growth Enterprise New Energy ETF: 71.45% - Bosera Securities Company ETF: 70.09% [1][3] - The ETFs with the lowest stock allocations include: - Penghua CSI Financial Technology Theme ETF: 0.00% - E Fund SSE 580 ETF: 11.61% - E Fund Hang Seng Biotechnology ETF: 11.82% [1] Institutional Investor Holdings - The average proportion of shares held by institutional investors is 16.25%, with the highest being: - Penghua Hong Kong Stock Connect Low Volatility Dividend ETF: 97.57% - Fu Guo Growth Enterprise New Energy ETF: 66.53% - Jiashi Hang Seng Index Hong Kong Stock Connect ETF: 59.52% [2] - The ETFs with the lowest institutional investor holdings include: - Southern CSI Hong Kong Stock Connect 50 ETF: 0.57% - GF CSI Satellite Industry ETF: 1.31% - Chuangjin Hexin CSI State-Owned Enterprises Dividend ETF: 2.20% [2]

Core Insights - The Jiashi Hang Seng Index Hong Kong Stock Connect ETF is set to be listed on October 31, 2025, with a total of 287 million shares for trading [1] - As of October 24, 2025, the fund's asset allocation shows 71.78% in bank deposits and settlement reserves, while stock investments account for 28.22% [1] - A total of 13 stock ETFs have announced listings in October, with an average position of only 33.06% [1] Fund Statistics - The Jiashi Hang Seng Index Hong Kong Stock Connect ETF has a fundraising scale of 287 million shares, with a position of 28.22% as of October 24, 2025 [2] - Other notable ETFs include the Guangfa CSI Satellite Industry ETF with 1.171 billion shares and a position of 33.38%, and the Huaxia SSE 180 ETF with 2.28 billion shares and a position of 19.95% [2] - The average fundraising for newly announced ETFs in October is 452 million shares, with the Guangfa CSI Satellite Industry ETF leading in scale [2] Institutional Investor Participation - Institutional investors hold an average of 15.83% of the shares in the newly listed ETFs, with the Jiashi Hang Seng Index Hong Kong Stock Connect ETF having 59.52% held by institutions [2] - The highest institutional ownership is seen in the Penghua Hong Kong Stock Connect Low Volatility Dividend ETF at 97.57% [2] - ETFs with lower institutional ownership include the Guangfa CSI Satellite Industry ETF and the Chuangjin Hexin CSI State-Owned Enterprise Dividend ETF, with ownership at 1.31% and 2.20% respectively [2]

Core Points - The Huaxia SSE 180 ETF is set to be listed on October 29, 2025, with a total of 228 million shares for trading [1] - As of October 22, 2025, the fund's asset allocation shows 80.04% in bank deposits and settlement reserves, while stock investments account for 19.95% [1] - In October, 11 stock ETFs have announced their listings, with an average position of only 34.70% [1] Fund Statistics - The average fundraising for newly announced ETFs in October is 486 million shares, with the largest being the GF Zhongzheng Satellite Industry ETF at 1.171 billion shares [2] - Institutional investors hold an average of 12.88% of the shares across these ETFs, with the highest being the Penghua Hong Kong Stock Connect Low Volatility Dividend ETF at 97.57% [2] - The table of recent ETF launches indicates various fund sizes and their respective asset allocations, with the Huaxia SSE 180 ETF having a 19.95% stock position as of October 22, 2025 [2]

Core Insights - Three stock ETFs have recently announced their listing, with varying stock positions: GF Zhongzheng Satellite Industry ETF at 33.38%, Qianhai Kaiyuan Zhongzheng Private Enterprise 300 ETF at 82.97%, and E Fund SSE 580 ETF at 11.61% [1] - A total of 10 stock ETFs have announced listings in October, with an average position of 36.18%. The highest position is held by Chuangjin Hexin Zhongzheng State-Owned Enterprise Dividend ETF at 98.80% [1] - ETF listings must meet the position requirements specified in the fund contract, and if the position is low, they will complete the building of positions before the official listing [1] Fund Statistics - The average number of shares raised for the ETFs listed in October is 5.12 million, with the largest being GF Zhongzheng Satellite Industry ETF at 11.71 million shares, followed by Huaan Guozheng Hong Kong Stock Connect Consumer Theme ETF at 6.39 million shares, and Fuguo SSE Sci-Tech Innovation Board 100 ETF at 5.56 million shares [2] - Institutional investors hold an average of 13.46% of the shares, with the highest proportions in Penghua Hong Kong Stock Connect Low Volatility Dividend ETF at 97.57%, Fuguo SSE Sci-Tech Innovation Board 100 ETF at 7.17%, and GF SSE Sci-Tech Innovation Board 200 ETF at 6.52% [2] - The ETFs with the lowest institutional investor holdings include GF Zhongzheng Satellite Industry ETF at 1.31%, Chuangjin Hexin Zhongzheng State-Owned Enterprise Dividend ETF at 2.20%, and Penghua Zhongzheng Financial Technology Theme ETF at 2.25% [2]

Core Viewpoint - The announcement of the Huaan Guozheng Hong Kong Stock Connect Consumer Theme ETF indicates a significant development in the ETF market, with a focus on consumer sectors and a substantial portion of assets allocated to cash and deposits during the initial phase [1] Group 1: ETF Launch Details - The Huaan Guozheng Hong Kong Stock Connect Consumer Theme ETF will be listed on October 20, 2025, with a total of 639 million shares [1] - As of October 13, 2025, the fund's asset allocation includes 86.75% in bank deposits and settlement reserves, while stock investments account for 13.24% [1] - The fund is currently in its building phase, which is typical for newly launched ETFs [1] Group 2: Recent ETF Trends - In the past month, 24 stock ETFs have announced their listings, with an average allocation of only 22.66% [1] - The highest allocation is seen in the Chuangjin Hexin CSI State-Owned Enterprises Dividend ETF at 98.80%, followed by other ETFs with allocations of 48.23%, 38.23%, and 33.83% [1] - Some ETFs, such as the Penghua CSI Financial Technology Theme ETF and the Invesco Low Volatility ETF, reported a 0.00% allocation, indicating a lack of investment in stocks at the time of their announcements [1] Group 3: Fundraising and Institutional Participation - The average fundraising for newly announced ETFs in the past month is 552 million shares, with leading funds including the Invesco National Robot Industry ETF and the Guolian An CSI A500 Low Volatility ETF [2] - Institutional investors hold an average of 12.49% of the shares in these ETFs, with the highest proportions in the Guolian An CSI A500 Low Volatility ETF (98.93%) and the Penghua Hong Kong Stock Connect Low Volatility Dividend ETF (97.57%) [2] - Conversely, some ETFs like the Huaan Growth Board Artificial Intelligence ETF have very low institutional ownership, at only 0.55% [2]

Core Insights - Three stock ETFs have recently published listing announcements, with the highest stock allocation being 98.80% for the CCB China State-Owned Enterprises Dividend ETF [1] - In the past month, 23 stock ETFs have announced listings, with an average allocation of only 23.07%, indicating varying levels of investment commitment among these funds [1] Group 1: ETF Stock Allocations - The CCB China State-Owned Enterprises Dividend ETF has the highest stock allocation at 98.80%, followed by the Huabao CSI All-Index Agriculture, Animal Husbandry, and Fishery ETF at 48.23%, and the Fortune Shanghai Stock Exchange Science and Technology Innovation Board 100 ETF at 38.23% [1] - The lowest allocations are seen in the Penghua CSI Financial Technology Theme ETF, the Dividend Low-Volatility ETF Yongying, and the Invesco Great Wall Hang Seng Stock Connect 50 ETF, all at 0.00% [1] Group 2: ETF Fundraising and Institutional Holdings - The average number of shares raised for newly announced ETFs in the past month is 5.48 million, with the largest being the Fortune National Robot Industry ETF at 23.44 million shares [2] - Institutional investors hold an average of 12.88% of the shares, with the highest proportions in the Guolian An CSI A500 Dividend Low-Volatility ETF at 98.93% and the Penghua Hong Kong Stock Connect Low-Volatility Dividend ETF at 97.57% [2] Group 3: ETF Listing Details - The listing details for several ETFs include the CCB China State-Owned Enterprises Dividend ETF, which has a fundraising scale of 4.45 billion and is set to list on October 17, 2025, with a stock allocation of 98.80% [2] - Other notable ETFs include the Fortune Shanghai Stock Exchange Science and Technology Innovation Board 100 ETF with a fundraising scale of 5.56 billion and a stock allocation of 38.23%, also listing on October 17, 2025 [2][3]

Core Insights - Two stock ETFs have recently announced their listing, with the latest positions showing that the GF Shanghai Stock Exchange Science and Technology Innovation Board 200 ETF has a stock position of 33.29% and the Guotai Shanghai Stock Exchange Science and Technology Innovation Board Artificial Intelligence ETF has a stock position of 25.82% [1] ETF Listings and Positions - In the past month, a total of 25 stock ETFs have announced their listings, with an average position of only 20.02%. The highest position is held by the CCB Shanghai Stock Exchange Science and Technology Innovation Board 200 ETF at 54.12% [1] - Other ETFs with significant positions include the Huabao CSI All-Share Agriculture, Animal Husbandry, and Fishery ETF at 48.23%, the Huabao Hong Kong Stock Connect Hang Seng China (Hong Kong-listed) 30 ETF at 33.83%, and the E Fund CSI A500 Enhanced Strategy ETF at 33.31% [1] - Conversely, the Penghua CSI Financial Technology Theme ETF, the Dividend Low Volatility ETF Yongying, and the Invesco Hang Seng Hong Kong Stock Connect 50 ETF have positions of 0.00% [1] Fundraising and Shareholder Structure - The average fundraising for the newly announced ETFs in the past month is 543 million shares, with the largest being the Fuguo National Index Robotics Industry ETF at 2.344 billion shares, followed by the Guolian An CSI A500 Dividend Low Volatility ETF at 1.247 billion shares and the Huaan Hang Seng Biotechnology ETF at 918 million shares [1] - Institutional investors hold an average of 9.65% of the shares, with the highest proportions in the Guolian An CSI A500 Dividend Low Volatility ETF (98.93%), CCB Shanghai Stock Exchange Science and Technology Innovation Board 200 ETF (32.48%), and Guotai CSI Hong Kong Stock Connect Automotive Industry Theme ETF (12.45%) [2]

Group 1 - The Penghua CSI Financial Technology Theme ETF (563673) will be launched for subscription from September 15 to September 23, 2025, with a maximum initial fundraising scale of 2 billion yuan [1] - The fund will be referred to as the "Jin Ke Fund" in the market, managed by Penghua Fund, with Lin Song serving as the fund manager [1] - The performance benchmark for the fund is the return rate of the CSI Financial Technology Theme Index [1]