Over 300 billion yuan in amortizing bond funds will become available by the end of the year, with credit bonds emerging as a favored asset for investors.

Industry insiders noted that the opening of bond funds using the amortized cost method does not simply involve the reallocation of hundreds of billions of yuan, but is accompanied by two key shifts: the structure of capital in the bond market and preferences for assets.

cls.cnNov 12 17:25

Summary of Investment Bank/Institutional Views (2025-10-21)

Mini Program: Daily Investment Bank/Institutional Viewpoints Digest – International 1. Morgan Stanley: "Goldilocks" Environment Calls for Shorting the US Dollar. According to a recent research report by Morgan Stanley, investors looking to benefit from a “Goldilocks” environment—where US equities rise while losses in Treasury bonds are controlled—should consider shorting the US dollar. The bank analyzed historical data on the correlation between daily returns of the US dollar, the S&P 500 Index, and the 10-year benchmark US Treasury bond, identifying eight patterns of US asset performance, with this scenario being one of them. Earlier this year, the linkage between the US dollar and other assets became a market focus as the dollar declined in tandem with the stock market, deviating from its traditional behavior.

Golden10 DataOct 21 16:17

One Year After the 924 Policy: Four Key Highlights in the Issuance of New Funds

① Following the new policy introduced on September 24, public offerings have shifted from being fixed-income dominated to a balanced allocation between stocks and bonds, with a focus shifting toward equity assets; ② Newly issued products are gradually evolving toward toolization, indexation, and refinement; ③ ETFs and initiator-type funds have become the new formula for selling out within a day; ④ The market for newly issued public funds has evolved from being monopolized by leading institutions to a new pattern characterized by the dominance of major players alongside differentiated breakthroughs by small and medium-sized institutions.

cls.cnSep 24 16:03

ABC Fund Management: Credit Bond ETF, a Low-Cost 'All-in-One' Bond Solution

Peng Bihe, a fund manager at ABC-CA Fund Management, notes that a new investment option is quietly gaining popularity—credit bond ETFs. Since 2025, they have emerged as a dark horse in the capital markets, experiencing rapid growth with their scale surpassing the RMB 350 billion mark, making them the most dazzling and fastest-growing niche in this year’s ETF market. What exactly is their allure that has attracted so many investors to jump on board? A credit bond ETF, fully known as a Credit Bond Exchange-Traded Open-Ended Index Fund, is a fund product listed and traded on exchanges that tracks a credit bond index. Investors can buy or sell one unit of the fund...

China InvestorsSep 17 11:00

The performance of credit bond ETFs was lackluster this month, with a maximum decline of 0.31%; however, the scale still showed growth and the redemption pressure remains manageable.

① As of August 20 of this month, the total scale of 21 credit bond ETFs in the entire market is 345.876 billion yuan, showing a slight increase from 332.055 billion yuan at the beginning of the month. ② Generally speaking, varieties with larger scales and a higher proportion of liquid component bonds face a lower risk of being sold at low prices.

cls.cnAug 21 17:00

Express News | HTSC: The scale of domestic Bonds ETFs may reach trillions of yuan.

BreakingsJul 24 07:33