Over 40 billion yuan of funds pouring in, bond-type ETFs rapidly expanding.

Since the beginning of this year, the bond market has been volatile, with bond funds performing far below expectations. However, this has not hindered the vigorous development of bond ETF market. Despite the weak returns, funds continue to pour into bond ETFs. By the end of May, the scale of bond ETFs reached a new high, with a net inflow of funds exceeding 40 billion yuan in a single month. At the same time, the enthusiasm of on-market participants in bond ETF trading has increased, with 10 out of the top 12 ETF products by daily trading volume on May 30 being bond ETFs. In addition, with the recent launch of general collateral repos for credit bond ETFs, 9 bond ETF products have been approved to be used as collateral for general collateral repos and included in the repo collateral pool. The expansion of bond ETFs is expected to accelerate, and the overall scale may reach a new level.