By the end of November 2025, the share of positions held by institutional investors in Shanghai ETFs had risen to 65%, an increase of 6 percentage points over the end of last year. Among them, broad-based ETFs have become the “ballast stone” for long-term capital allocation. Currently, institutions hold more than 80% of the market value of broad-based ETFs. With their characteristics of low risk, stable return, and allocation and transaction attributes, bond ETFs accurately meet the allocation needs of medium- to long-term funds such as social security funds and pensions. Currently, institutional holdings account for more than 90% of the market value.

By the end of November 2025, the share of positions held by institutional investors in Shanghai ETFs had risen to 65%, an increase of 6 percentage points over the end of last year. Among them, broad-based ETFs have become the “ballast stone” for long-term capital allocation. Currently, institutions hold more than 80% of the market value of broad-based ETFs. With their characteristics of low risk, stable return, and allocation and transaction attributes, bond ETFs accurately meet the allocation needs of medium- to long-term funds such as social security funds and pensions. Currently, institutional holdings account for more than 90% of the market value.