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Express News | The second batch of Sci-Tech Innovation Bonds ETFs has become a 'mid-day snack' for institutional investors.
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.
One Year of the 924 New Policy (ETF Chapter): Breaking Through 5 Trillion, China's ETF Ranks First in Asia
①Explosive growth: ETFs breached three major milestones within a year, with total assets reaching RMB 5.31 trillion; ②Dual drivers of equities and bonds: A500 Index Funds raised nearly RMB 200 billion in inflows, while bond ETFs surpassed RMB 600 billion; ③Ecosystem advancement: The number of ETF companies managing over RMB 100 billion increased to 15, as index-based investing benefits from favorable policy measures, fostering an environment conducive to long-term capital allocation.
One Year of the 924 Policy (Fund Edition): Public Mutual Funds Gain Momentum with High Quality, Reshaping Core Competitiveness
① Over the past year, public offering funds experienced an initial rebound in equity index funds, followed by a strong逆袭 of active equity funds, with nearly 700 funds doubling their performance; ② The fund issuance market has shifted focus towards equity funds, with active equity funds once again selling out within a single day; ③ The ETF market has accelerated, successively breaking through the RMB 4 trillion and 5 trillion thresholds within a year, with newly issued funds contributing several products worth over RMB 10 billion.
The second batch of 14 sci-tech bond ETFs will begin fundraising tomorrow! The first batch of 10 sci-tech bond ETFs has exceeded a scale of 120 billion yuan.
The second batch of 14 science and technology innovation bond ETFs will commence fundraising tomorrow. Among these, 9 products will be available for subscription for only one day, 4 products will be available for three trading days, and only 1 product will have a fundraising period of five trading days. In this second batch of 14 science and technology innovation bond ETFs, 10 will track the China Securities AAA Technology Innovation Company Bond Index, 3 will track the Shanghai Stock Exchange AAA Technology Innovation Company Bond Index, and 1 will track the Shenzhen Stock Exchange AAA Technology Innovation Company Bond Index, involving 14 fund companies such as Huatai-PB, Guotai, Huaan, Wanjia, Huatai, Da Cheng, Industrial Bank, Yinhua, Morgan Asset Management China, Yongying, ICBC Credit Suisse, Tianhong, Taikang, and Bank of China.
Express News | 14 new sci-tech innovation bond ETFs launched on September 12, with 9 products only open for subscription for one day.