China's Bond ETF Market Surpasses 1 Trillion Yuan for First Time
China's bond ETF market has surpassed 1 trillion yuan in total assets under management for the first time, reaching 1,002.231 billion yuan as of September 23, 2025, according to Wind data. This represents a 20.9% increase from 829.024 billion yuan at the start of the year. The market comprises 53 products, with 37 exceeding 10 billion yuan each. Haitong Fund leads with 184.826 billion yuan across six ETFs, followed by Boshi Fund with 108.069 billion yuan. Industry insiders attribute the growth to policy support, institutional demand for low-volatility fixed-income tools, and improved liquidity.
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China's Bond ETF Market Breaches 1 Trillion Yuan, Entering Fast Growth Lane
China's bond ETF market has surpassed the 1 trillion yuan milestone for the first time, reaching 1.0107 trillion yuan as of September 27, according to Wind data. This marks a 21.92% increase from 829.024 billion yuan at the start of the year. The rapid growth is attributed to policy support, strong institutional demand for low-volatility, high-liquidity fixed-income tools following the net-value transformation of wealth management products, product innovation, and improved market mechanisms. Among 53 bond ETFs, 37 have exceeded 10 billion yuan in scale, with Haitong's short-term financing ETF leading at 84.052 billion yuan. Haitong Fund and Boshi Fund are the only two fund companies with bond ETF scales exceeding 100 billion yuan. Industry insiders, including Haitong Fund and China Asset Management, highlight advantages such as T+0 trading, low costs, and pledge financing capabilities. They see significant growth potential driven by product diversification, increased retail participation, and further institutional improvements, though some caution that product types and trading mechanisms still need refinement.
Read sourceChina's Bond ETF Market Breaches 1 Trillion Yuan, Entering Fast Growth Lane
According to Wind data and a Securities Times report, China's bond ETF market has surpassed 1 trillion yuan in total assets under management for the first time, reaching 1,010.721 billion yuan as of September 27, 2025, up 21.92% from 829.024 billion yuan at the start of the year. Of the 53 bond ETFs, 37 have exceeded 10 billion yuan each, led by Haitong's Short-Term Financing ETF at 84.052 billion yuan. Only two fund managers, Haitong Fund and Boshi Fund, have bond ETF assets exceeding 100 billion yuan. Industry insiders attribute the rapid growth to institutional demand for low-volatility, high-liquidity tools amid wealth management product net-value reforms, policy support including inclusion in repo collateral, product innovation (e.g., Sci-Tech Innovation Bond ETFs), and improved liquidity from market makers. Haitong Fund sees further growth potential from product diversification, retail investor participation, and institutional optimization. However, some analysts caution that the market is still in early development, requiring more product variety and better trading mechanisms to enhance pricing efficiency.
Read sourceChina's Bond ETF Market Scale Exceeds 1 Trillion Yuan for First Time
According to data from the Securities Times, as of September 23, the total scale of 53 bond ETFs in China's market reached 1,002.231 billion yuan, surpassing the 1 trillion yuan mark for the first time. This represents an increase of 173.207 billion yuan, or 20.9%, from 829.024 billion yuan at the beginning of the year. Among the products, 37 bond ETFs have a scale exceeding 10 billion yuan, with the HFT Short-Term Financing ETF being the largest at 84.036 billion yuan. HFT Fund and Boshi Fund are the only two fund companies with a combined bond ETF scale at the hundred-billion-yuan level, at 184.826 billion yuan and 108.069 billion yuan respectively. The article notes that the rapid development of bond ETFs is driven by policy support, strong demand for fixed-income tools from institutional investors, and improved liquidity. Industry insiders, including HFT Fund and China Asset Management, attribute the growth to factors such as passive investment trends, product innovation (e.g., Sci-Tech Innovation Bond ETFs), inclusion in repo pledge pools, and T+0 trading advantages. Looking ahead, HFT Fund sees significant growth potential due to gaps in product supply, investor structure, and institutional mechanisms, while also cautioning that the market is still in early development and requires further innovation and improved trading mechanisms.
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China's Bond ETF Market Scale Breaches 1 Trillion Yuan for First Time
According to Wind data, as of September 23, the total scale of 53 bond ETFs in China reached 1,002.231 billion yuan, surpassing the 1 trillion yuan mark for the first time, an increase of 173.207 billion yuan or 20.9% from the start of the year. Among products, Haitong's short-term financing ETF is the largest at 84.036 billion yuan. Among 28 fund companies, Haitong Fund and Boshi Fund manage 184.826 billion yuan and 108.069 billion yuan respectively, the only two with over 100 billion yuan in bond ETF scale. Industry insiders attribute the rapid growth to policy support, strong demand for fixed-income tools amid wealth product net-value transformation, and improved liquidity from market makers. Haitong Fund sees further growth potential from product diversification, expanded investor base, and institutional improvements. China Asset Management highlights bond ETFs' advantages: T+0 trading, low entry barriers, low fees, and pledge financing capability. Some analysts caution that the product range and trading mechanisms still need innovation and refinement.
Read sourceChina's Bond ETF Market Breaks 1 Trillion Yuan Mark for First Time
According to Wind Data and reported by Securities Times, the total scale of China's 53 bond ETFs reached 1.002231 trillion yuan as of September 23, surpassing the 1 trillion yuan milestone for the first time. This represents an increase of 173.207 billion yuan, or 20.9%, from the beginning of the year. Among the products, 37 bond ETFs have a scale exceeding 10 billion yuan, with Haitong's Short-Term Financing ETF being the largest at 84.036 billion yuan. Haitong Fund and Boshi Fund are the only two fund companies with bond ETF scales at the hundred-billion-yuan level, managing 184.826 billion yuan and 108.069 billion yuan respectively. The article notes that the rapid development is driven by policy support, strong demand for fixed-income tools amid wealth management product transformation, and improved liquidity. Industry insiders, including Haitong Fund and China Asset Management, attribute the growth to factors such as passive investment trends, product innovation (e.g., Sci-Tech Innovation Bond ETFs), and enhanced tool attributes like repo pledge eligibility. Looking ahead, Haitong Fund sees significant growth potential due to gaps in product supply, room for retail investor participation, and potential institutional improvements. However, some analysts caution that the market is still in early development, requiring further product innovation and trading mechanism refinement.
Read sourceChina's Bond ETF Market Scale Breaks 1 Trillion Yuan for First Time
According to Wind data, as of September 23, the total scale of 53 bond ETFs in China's market reached 1,002.231 billion yuan, surpassing the 1 trillion yuan mark for the first time. This represents an increase of 173.207 billion yuan, or 20.9%, from 829.024 billion yuan at the beginning of the year. Among the products, 37 bond ETFs have a scale exceeding 10 billion yuan, with the HFT Short-Term Financing ETF being the largest at 84.036 billion yuan. From a fund company perspective, 28 firms have entered the bond ETF space, with HFT Fund and Boshi Fund being the only two with combined scales exceeding 100 billion yuan, at 184.826 billion and 108.069 billion yuan respectively. Industry insiders attribute the rapid growth to policy support, strong demand for fixed-income tools, and improved liquidity. HFT Fund believes the growth is driven by increased passive investment demand, policy support for product innovation, and improved market liquidity. China Asset Management highlights advantages such as T+0 trading, low transaction costs, and pledge financing capabilities. Looking ahead, HFT Fund sees significant growth potential due to gaps in product supply, room for expanding the investor base, and potential institutional improvements. However, some analysts caution that the bond ETF market is still in its early stages and requires further product innovation and trading mechanism improvements.
Read sourceChina's Bond ETF Market Breaks 1 Trillion Yuan for First Time
According to Wind data, as of September 23, the total scale of 53 bond ETFs in China's market reached 1,002.231 trillion yuan, surpassing the 1 trillion yuan mark for the first time. This represents an increase of 173.207 billion yuan, or 20.9%, from the beginning of the year. Among the products, 37 bond ETFs have a scale exceeding 10 billion yuan, with Haitong's short-term financing ETF being the largest at 84.036 billion yuan. Haitong Fund and Boshi Fund are the only two fund companies with bond ETF scales at the hundred-billion-yuan level, managing 184.826 billion yuan and 108.069 billion yuan respectively. The article attributes the rapid growth to policy support, strong demand for fixed-income tools amid wealth product transformation, and improved liquidity from market makers. Industry insiders, including Haitong Fund and China Asset Management, highlight advantages such as T+0 trading, low fees, and pledge financing. Looking ahead, Haitong Fund sees significant growth potential due to gaps in product supply, investor structure, and institutional mechanisms, while cautioning that product innovation and trading mechanisms still need improvement.
Read sourceChina's Bond ETF Market Scale Surpasses 1 Trillion Yuan for First Time
According to Wind data, as of September 23, the total scale of 53 bond ETFs in China reached 1,002.231 billion yuan, surpassing the 1 trillion yuan mark for the first time, an increase of 173.207 billion yuan or 20.9% from the beginning of the year. Among them, 37 bond ETFs have a scale exceeding 10 billion yuan, with Haitong's short-term financing ETF being the largest at 84.036 billion yuan. Haitong Fund and Boshi Fund are the only two fund companies with bond ETF scales exceeding 100 billion yuan, at 184.826 billion and 108.069 billion yuan respectively. The article attributes the rapid growth to policy support, strong demand for fixed-income tools amid wealth management product net-value transformation, and improved liquidity from market makers. Haitong Fund forecasts further growth potential due to gaps in product supply, investor structure, and institutional mechanisms. China Asset Management highlights advantages of bond ETFs including high liquidity, low trading costs, and pledge financing capabilities. Industry insiders also caution that the market is still in early development, requiring continued innovation and improved trading mechanisms.
Read sourceChina's Bond ETF Market Scale Breaches 1 Trillion Yuan for First Time
According to Wind data, as of September 23, the total scale of 53 bond ETFs in China's market reached 1,002.231 billion yuan, surpassing the 1 trillion yuan mark for the first time, an increase of 173.207 billion yuan or 20.9% from the beginning of the year. Among them, 37 ETFs exceeded 100 billion yuan each, with HFT Fund's short-term financing ETF leading at 840.36 billion yuan. HFT Fund and Boshi Fund are the only two fund companies with bond ETF scales exceeding 100 billion yuan, at 184.826 billion and 108.069 billion yuan respectively. Industry insiders attribute the rapid growth to policy support and strong demand for fixed-income tools amid the net-value transformation of wealth management products. HFT Fund cites increased passive investment demand, policy-driven product innovation (e.g., benchmark market-making and sci-tech innovation bond ETFs), improved liquidity from market makers, and expanded pledge financing uses. China Asset Management highlights advantages such as T+0 trading, low entry barriers, low fees, and pledge financing. Looking ahead, HFT Fund sees room for growth in product diversification, investor base expansion (especially retail), and institutional improvements, though some caution that product types and trading mechanisms still need further development.
Read sourceChina's Bond ETF Market Scale Breaches 1 Trillion Yuan, Still Has Considerable Room to Grow
According to Wind data, as of September 23, the total scale of 53 bond ETFs in China's market reached 1,002.231 billion yuan, surpassing the 1 trillion yuan mark for the first time. This represents an increase of 173.207 billion yuan, or 20.9%, from the beginning of the year. Among them, 37 products exceeded 10 billion yuan in scale, with Haitong's short-term financing ETF being the largest at 84.036 billion yuan. Only two fund companies, Haitong Fund (184.826 billion yuan) and Boshi Fund (108.069 billion yuan), manage bond ETF scales above the 100 billion yuan level. Industry insiders attribute the rapid growth to policy support, strong demand for fixed-income tools amid the net-value transformation of wealth management products, and improved liquidity from market makers. Haitong Fund believes there is still considerable growth potential relative to the total bond market, citing gaps in product supply, room for individual investor participation, and potential for further institutional improvements such as pledge mechanism optimization. China Asset Management highlights bond ETFs' advantages including T+0 trading, low entry barriers, low transaction fees, and pledge financing capabilities. However, some industry participants caution that bond ETFs are still in early development, requiring continued product innovation and improved trading mechanisms to enhance market activity and pricing efficiency.
Read sourceChina's Bond ETF Market Breaches 1 Trillion Yuan, Analysts See Further Growth Potential
According to Wind data, as of September 23, the total scale of 53 bond ETFs in China's market reached 1,002.231 billion yuan, surpassing the 1 trillion yuan mark for the first time. This represents an increase of 173.207 billion yuan, or 20.9%, from 829.024 billion yuan at the beginning of the year. Among the products, Haitong's short-term financing ETF is the largest at 84.036 billion yuan. Haitong Fund and Boshi Fund are the only two fund companies with bond ETF scales exceeding 100 billion yuan, at 184.826 billion and 108.069 billion yuan respectively. Industry insiders attribute the rapid growth to policy support, strong demand for fixed-income tools amid the net-value transformation of wealth management products, and improved liquidity from market makers. Haitong Fund forecasts that bond ETFs still have considerable room for growth compared to the total bond market size, citing gaps in product supply versus demand, potential for increased retail investor participation, and room for institutional improvements such as pledge mechanism optimization. China Asset Management highlights advantages including T+0 trading, low transaction costs, and pledge financing capabilities. Some analysts caution that the product range and trading mechanisms still require further innovation and refinement.
Read sourceChina's Bond ETF Market Breaks 1 Trillion Yuan Milestone for First Time
According to Wind data, as of September 23, the total scale of 53 bond ETFs in China reached 1,002.231 billion yuan, surpassing the 1 trillion yuan mark for the first time, an increase of 173.207 billion yuan or 20.9% from the start of the year. Haitong Fund's short-term financing ETF leads with 84.036 billion yuan, followed by Boshi Fund's convertible bond ETF at 61.54 billion yuan. The market includes 28 fund companies, with Haitong and Boshi being the only two with bond ETF scales exceeding 100 billion yuan. The rapid growth is attributed to policy support, strong demand for fixed-income tools amid wealth product transformation, and improved liquidity from market makers. Industry insiders note that institutional investors hold over 90% of most bond ETFs. Haitong Fund forecasts further growth potential due to product supply-demand gaps, room for retail investor participation, and potential institutional improvements in pledge mechanisms and index expansion. However, some analysts caution that the market is still in early development, requiring product innovation and trading mechanism enhancements.
Read sourceChina Bond ETFs Enter Trillion-Yuan Era; 37 Products Exceed 100 Billion, Haitong Fund Leads
According to Wind Data and a report by 财联社 via Tencent Stock, China's bond ETF market has officially entered the 'trillion-yuan era,' with 53 products totaling 1,002.231 billion yuan as of September 23, a 20.9% increase from 829.024 billion yuan at the start of the year. Among these, 37 products each exceed 100 billion yuan, accounting for 90.9% of total bond ETF scale. Haitong Fund and Boshi Fund remain in the top tier with over 100 billion yuan each, while China Asset Management (华夏基金) and Fullgoal Fund (富国基金) hold the next positions. Significant competitive reshuffling occurred: E Fund, Ping An Fund, Southern Fund, and others rose in rankings, while China Merchants Fund and others fell behind. Haitong Fund led net inflows with 58.059 billion yuan, driven by its Urban Investment Bond ETF. Yongying Fund attributed the surge to institutional demand for transparent, low-cost, predictable standardized tools amid net-value management constraints and an expanding bond index system. However, some products like the 30-year treasury bond ETFs have not yet surpassed their previous net value highs. The report also notes that 24 Sci-Tech Innovation Bond ETFs saw net outflows of 7.279 billion yuan, with significant divergence among individual products.
Read sourceChina's Bond ETFs Enter Trillion-Yuan Era, Led by Haitong Fund with 580 Billion Yuan Inflows
China's bond ETF market has officially entered the 'trillion-yuan era,' with total assets under management reaching 1.002 trillion yuan as of September 23, according to Wind data. This marks a 20.9% increase from 829 billion yuan at the start of the year. The market is highly concentrated, with 37 products exceeding 10 billion yuan accounting for 90.9% of total assets. Haitong Fund leads with 1.85 trillion yuan in bond ETF assets, followed by Boshi and Fullgoal. Haitong also attracted the largest net inflows of 580.6 billion yuan year-to-date. However, competition is reshaping the landscape: some managers like Yinhua and Fullgoal saw net outflows, while others like Yinhua and Fullgoal saw net outflows, while others like Yinhua and Fullgoal saw net outflows, while others like Yinhua and Fullgoal saw net outflows. The article notes that 36 of 53 bond ETFs hit record net asset values on September 23, driven by institutional demand for transparent, low-cost, and predictable investment tools amid capital management constraints. The analysis from Yongying Fund attributes the surge to a convergence of risk appetite and the expansion of bond index offerings.
Read sourceChina's Bond ETF Market Breaches 1 Trillion Yuan Milestone for First Time
China's bond ETF market has surpassed 1 trillion yuan in total assets under management for the first time, reaching 1,001.999 billion yuan as of September 23, according to data cited by China Fund News. The milestone follows a surge in 2025 driven by policy support and product innovation, including the launch of benchmark corporate bond ETFs and 24 science-and-technology innovation bond (Sci-Tech Innovation Bond) ETFs. The market now comprises 53 products, with 37 exceeding 10 billion yuan each, concentrated in a few large players. HaiTong Fund leads with 184.8 billion yuan across six ETFs, followed by Boshi Fund with 108 billion yuan. The article notes that growth has been primarily driven by net inflows rather than price appreciation, and highlights trends toward credit downgrading, duration extension, and instrument-based investing. Fund managers from Penghua Fund and others see continued opportunities in Sci-Tech Innovation Bond ETFs, citing product expansion, limited supply pressure, and new demand from amortized-cost bond funds. However, challenges remain, including cross-market trading and liquidity issues.
Read sourceChina's Bond ETFs Surpass 1 Trillion Yuan for First Time, Haitong and Boshi Lead
China's bond ETF market has reached a historic milestone, with total assets under management surpassing 1 trillion yuan (10,019.99 billion yuan) as of September 23, according to a China Fund News report. The sector has seen explosive growth in 2025, driven by policy support, product innovation, and investor risk aversion. Key drivers include the launch of benchmark market-making corporate bond ETFs and 24 sci-tech innovation bond (Sci-Tech Innovation) ETFs. Haitong Fund leads with 184.8 billion yuan across six products, followed by Boshi Fund with 108 billion yuan. The report notes that fund inflows, rather than price appreciation, are the primary growth driver. Analysts at Penghua Fund expect continued opportunities for Sci-Tech Innovation bond ETFs, citing product expansion, limited supply pressure, demand from amortized cost bond funds, and the expansion of OTC Sci-Tech Innovation bond index funds. The market faces challenges including cross-market trading and insufficient liquidity.
Read sourceChina Bond ETFs Enter Trillion-Yuan Era; 37 Products Exceed 100 Billion Yuan
China's bond ETF market has officially entered the 'trillion-yuan era,' with total assets under management across 53 products reaching 1.002 trillion yuan as of September 23, 2025, up 20.9% year-to-date. Among these, 37 products each exceed 100 billion yuan, accounting for 90.9% of total bond ETF assets. Haitong Fund leads with 1.848 trillion yuan, followed by Boshi Fund at 1.081 trillion yuan. Haitong's short-term financing ETF is the largest single product at 840.36 billion yuan. Net inflows for the period exceeded 1.6 trillion yuan, with Haitong attracting 580.59 billion yuan. However, some managers saw outflows, including China Merchants Fund with 71.15 billion yuan. Yongying Fund attributed the surge to institutions seeking transparent, low-cost, and predictable tools amid capital management constraints, and to the expansion of bond index offerings. Many products also hit record net asset values, though long-duration treasury bond ETFs have not yet surpassed their earlier highs.
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