Domestic ETF Market Reaches RMB 4.77 Trillion as Leading Fund Companies Continue to Deepen the SSE’s “Three Investment” Concept

August 18, 2025, 20:07  Source: Securities Daily

By: Mao Yirong

The ETF market is ushering in unprecedented growth opportunities in 2025. According to Wind data, as of August 18, the total size of domestic ETFs has risen to RMB 4.77 trillion. Among them, equity ETFs are the largest, with a net asset value of approximately RMB 3.51 trillion.

Notably, the Shanghai Stock Exchange (SSE) ETF market has continued its rapid expansion this year. In May, the scale of ETFs on the SSE exceeded RMB 3 trillion for the first time, accounting for more than 70% of the total domestic ETF market.

This growth stems from the market’s recognition of ETFs’ risk diversification and low-cost advantages, aligning with the principle of “rational investing.” “The sustained and significant growth in ETF scale is by no means accidental; it clearly reflects the market entry willingness and confidence of various types of capital, especially institutional funds and long-term individual investors,” said Hao Zhenghua, Director of the Index Product Management Division at China Merchants Fund. Large amounts of capital are flowing into the market through ETFs, a convenient, transparent, and risk-diversifying tool, which not only provides a steady stream of incremental funds for A-shares but also profoundly reflects investors’ recognition of long-term market trends and optimistic expectations for China’s economic prospects.