ETFs are adding a large number of new primary dealers.

Since the beginning of this year, trading in A-share industry and thematic ETFs has been active, with a large influx of funds driving rapid expansion in product scale. Public fund institutions have also accelerated the construction of their operational support systems, adding first-tier dealers for their ETFs in quick succession. This is aimed at broadening the channels for subscriptions and redemptions, improving product liquidity, and ensuring smooth trading operations. It has become an important trend in the fine competition of the current ETF race. According to statistics, more than 10 fund companies such as GF Fund, China Universal Asset Management, and Huatai Fund have added first-tier dealers for their ETFs this year, which include securities firms such as Guolian Minsheng Securities, Ping An Securities, First Capital Securities, and Dongguan Securities, covering a wide range of securities firms. In addition, it is estimated that the total scale of ETFs with newly added first-tier dealers this year exceeds 110 billion yuan.