
The scale of Shanghai and Shenzhen ETFs exceeds 5.6 trillion yuan, and ETFs have become the core engine for the transformation of brokerage business
Recently, the Shanghai Stock Exchange and the Shenzhen Stock Exchange respectively reported the latest fund market data within the industry. As of the end of September, there are a total of 760 ETFs in the Shanghai market, with a total market value of 4,000.311 billion yuan; there are a total of 555 ETFs in the Shenzhen market, with a total market value of 1,625.516 billion yuan. The total scale of ETFs in both markets has exceeded 5.6 trillion yuan, demonstrating a strong growth momentum. From the perspective of brokerage business, the competition pattern of ETF business shows a significant "Matthew effect." Industry insiders believe that the ETF business has become the core engine for the transformation of brokerage business, contributing not only considerable trading and holding income but also driving the coordinated development of multiple business lines such as wealth management, institutional services, and market-making trading, with its strategic value reaching a consensus within the industry

