The first batch of cross market government financial bond ETFs were gradually issued, and many fund companies actively arranged-瞭望新时代网-瞭望时代，放眼世界

The first batch of cross market government financial bond ETFs were gradually issued, and many fund companies actively arranged

2022-08-23

In recent years, the domestic ETF market has continued to expand in quantity and category. In terms of innovative categories, each fund company has continuously arranged and actively declared. So far, among the first batch of eight cross market government financial bond ETFs approved, many ETFs have been issued in succession. At the same time, the declared quantity of this category exceeded 20. Insiders said that the Government Financial Bond ETF will further improve the risk gradient of the on-site instrument products to meet the diversified investment needs of investors. Policy financial bond is a kind of financial bond issued by the three policy banks of China Development Bank, Agricultural Development Bank of China and Export Import Bank of China. Its credit risk is low. Among the investors of government financial bonds, institutions account for 99%, of which banks and bank financial management are the absolute main force. According to public information, the first batch of eight cross market government financial bond ETFs were approved, including products of Hua'an, Boshi, Fuguo, Ping An, Guangfa, CCB, China Merchants and Cathay Pacific. Among them, for example, Hua'an China Bond ETF for 1-5 years of CDB bonds has been completed ahead of schedule, with a total raised capital of 8 billion yuan; The fundraising of Wells Fargo Government Bond ETF ended ahead of schedule on August 16; Ping An China bond 0-3 year CDB Bond ETF was also announced to be sold from August 15 to August 26, 2022. Many institutions said that for investors, policy financial bonds have high credit rating, large volume and good liquidity, and are relatively stable investment targets. Ou Zhiming, deputy general manager of China Merchants Fund, said that the Government Financial Bond ETF is a cross Market Bond ETF, which will help promote the interconnection between banks and the exchange market, improve the overall scale of China's Bond ETF, and enhance the influence of the Bond ETF of Shanghai and Shenzhen exchanges; In addition, the Government Financial Bond ETF will further improve the risk gradient of on-site instrument products to meet the diversified investment needs of investors. With the approval of the first batch of cross market bond ETFs, the development of bond ETFs may usher in a rapid development stage. In addition to the above products, up to now, 19 fund companies in the whole market have intensively declared such products, and the number of products has reached 24. The product mainly tracks the China bond policy financial bond index and the China bond CDB bond index. The term covers a wide range, involving 0-3 years, 0-5 years, 1-5 years, 7-10 years and 5-year constant duration products. Zhongtai Securities said that as a cross Market Bond ETF, the Government Financial Bond ETF will help promote the interconnection between banks and the exchange market, improve the overall scale of China's Bond ETF, and enhance the influence of the Bond ETF of Shanghai and Shenzhen exchanges. At the same time, the Government Financial Bond ETF will further improve the risk gradient of on-site instrument products to meet the diversified investment needs of investors. "It is expected that with the completion of the issuance of more government financial bond ETFs, the market share of government financial bond ETFs will be further expanded and the development can be expected." CICC said that since the beginning of this year, bond ETFs have developed rapidly. At present, there are 14 bond ETFs in the market, with a total scale of 43.7 billion yuan. Compared with the end of March 2022, the scale of the current Bond ETF increased by 88.5%. For the current Bond ETF, the short-term ETF market has the largest scale, with 18.7 billion yuan,

Edit：Wei Li Bin Responsible editor：Yin Bing

Source：Economic Information Daily

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