On December 31st, in the past 20 years, China’s ETF industry has gone through a stage of development from scratch, from existence to breadth, and from weakness to strength, achieving remarkable results. In October 2020, the size of ETFs reached the trillion yuan mark for the first time; In August 2023, the size of ETFs exceeded 2 trillion yuan; In September of this year, the size of ETFs reached the 3 trillion yuan mark. ETFs have grown into an important market with over a thousand products and a scale of 3.78 trillion yuan. The third quarter report data disclosed by public funds shows that passive funds, mainly ETFs, have surpassed active equity funds in terms of A-share market value for the first time in history, with the former holding a much higher proportion of some industry leaders than the latter. The development of ETFs has had a profound impact on market structure changes, and is expected to attract more institutional investors, thereby promoting the development and maturity of the capital market. (Securities Times)
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