The scale of Shanghai and Shenzhen ETFs exceeds 5.1 trillion yuan, and the advantage of market leaders continues

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 August, there were a total of 736 ETFs in the Shanghai market, with a total market value of 3.716116 trillion yuan; there were 531 ETFs in the Shenzhen market, with a total market value of 1.414359 trillion yuan. The combined scale of ETFs in both markets exceeded 5.1 trillion yuan, steadily increasing from the previous month. From the perspective of brokerage business, traditional leading brokerages such as Huatai Securities, Northeast Securities, China Galaxy, and Eastmoney still maintain their position in the first tier in the ETF business competition landscape. Industry insiders believe that against the backdrop of low interest rates continuously compressing fixed income asset returns, ETFs are becoming an important tool for institutional asset allocation due to their efficient and flexible characteristics. Regulatory authorities have recently sought opinions on new regulations for fund sales fees, which will further amplify the cost and operational advantages of ETFs. This transformation may not only reshape investors' portfolios but also open up long-term growth space for the ETF-FOF market in China, which is still in its early stages