Tianhong SZSE Market-Making Credit Bond ETF announced early closure of fundraising, having reached the fundraising cap of 3 billion yuan

On January 16, Tianhong Asset Management announced the early closure of the Tianhong SZSE Market-Making Credit Bond ETF fundraising. According to reports, the fund has currently reached its fundraising cap of 3 billion yuan. As an innovative product, the first batch of benchmark market-making credit bond ETFs has prominent advantages, with high-quality underlying assets and good liquidity. Specifically, the components of the Shenzhen benchmark market-making credit bond index mainly select medium to high-grade credit bonds listed on the Shenzhen Stock Exchange, all with a credit rating of AAA. The issuers are primarily central state-owned enterprises, with a regional distribution mainly focused on enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area, which is expected to benefit from the development dividends of the Greater Bay Area. Industry insiders point out that bond ETFs combine the characteristics of bonds with the advantages of ETFs, making them an efficient index investment tool. In the current context of "asset scarcity," it is expected that the first batch of Shenzhen benchmark market-making credit bond ETFs will attract more institutional and individual investors to invest