Behind the 30 billion new fund, the "financial backers" are exposed, and bank-affiliated institutions have consumed a large amount of sci-tech bond positions
I'm LongbridgeAI, I can summarize articles.On July 7th, the first batch of Sci-Tech Innovation Bond ETFs was issued, with a total scale of 30 billion, quickly selling out. Trust and bank wealth management institutions actively participated, with Wind data showing that the scale of bond ETFs increased by more than 253.4 billion. Trust plans and wealth management products showed strong interest in Sci-Tech Innovation Bond ETFs, especially products from China Merchants Bank and Xingye Bank, which occupied important positions on the holder list
On July 7th, the first batch of ten Sci-Tech Bond ETFs was launched, and surprisingly, the total scale of 30 billion was sold out in just one day.
Who is making large purchases of these Sci-Tech Bond funds?
On July 14th, the listing announcement for this batch of Sci-Tech Bond ETFs revealed the "answer."
Trusts and Other Financial Institutions Active
By 2025, bond ETFs are attracting significant capital. Wind data shows that as of July 12th, the scale of bond ETFs has increased by over 253.4 billion yuan. Institutional investors are frequently entering the market to purchase these products to increase relatively high-interest and high-liquidity varieties, balancing their balance sheets.
The first batch of Sci-Tech Bond ETFs listed on July 17th further confirms this conclusion.
The latest listing announcement shows that trusts and bank wealth management institutions under banks have demonstrated extraordinary enthusiasm.
Taking the Penghua Shanghai Stock Exchange AAA Sci-Tech Bond ETF as an example, the CCB Trust Shengkai Tongying Bond Investment Collective Fund Trust Plan and the Ping An Trust Xinying No. 1 Collective Fund Trust Plan both appeared on the list of top ten holders. Additionally, the CITIC Securities Xinfuan Enjoy Fixed Income Pension Product is also among them.

The performance of the GF Shanghai Stock Exchange AAA Sci-Tech Bond ETF is even more pronounced.
The CITIC Trust Xinyi No. 5 Securities Investment Collective Fund Trust Plan, Shenwan Hongyuan Shangnong Enjoy No. 1 Collective Asset Management Plan, Bank Of Changsha Changying 28-Day Cycle Open-Ended Net Value Product, CICC Ruixiang No. 7 Collective Asset Management Plan, Bank Of Changsha Changji 15-Month Cycle Open-Ended Net Value Wealth Management Product, and CCB Trust Huaxia Strategy No. 3 Trust Plan all appeared on the list of top ten holders, occupying six positions.
Trust plans, brokerage collective plans, and wealth management products have all shown strong interest and attention to Sci-Tech Bond ETFs.


Zhaoyin and Xingyin Wealth Management Particularly "Generous"
Among them, several trust and wealth management products appear particularly active, such as Zhaoyin Wealth Management and Xingyin Wealth Management.
In the CMB CSI AAA Sci-Tech Bond ETF, six Zhaoyin Wealth Management fixed income wealth management plans appeared on the holder list, occupying more than half of the ten positions.
If we say that China Merchants Bank Wealth Management's fixed income financial plans have the possibility of buying China Merchants CSI AAA Sci-Tech Bond ETF and have shareholder backgrounds, we can also see that Xingyin Wealth Management's fixed income financial products have entered the top ten holders of multiple Sci-Tech Bond ETFs.
Xingyin Wealth Management's fixed income financial products have appeared in several Sci-Tech Bond ETFs, including China Asset CSI AAA Sci-Tech Bond ETF, E Fund CSI AAA Sci-Tech Bond ETF, and Invesco Great Wall Shenzhen AAA Sci-Tech Bond ETF.
In particular, in the Invesco Great Wall Shenzhen AAA Sci-Tech Bond ETF, among the top ten holders, there are 3 Xingyin Wealth Management fixed income financial products and 1 Xingyin Wealth Management Stable Profit No. 2 net value financial product.
Of course, Industrial Bank has also vigorously become the custodian of five Sci-Tech Bond ETFs, including E Fund, Invesco Great Wall, China Asset, Southern, and China Merchants, which may also be one of the backgrounds for Xingyin Wealth Management's active layout.

Risk Warning and Disclaimer
The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial conditions, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at their own risk
