China's Onshore Bond ETF Market Tops RMB 1 Trillion, with the SSE Claiming Nearly 80%

China's onshore bond ETF market has surpassed RMB 1 trillion in assets, of which the Shanghai Stock Exchange (SSE) claims 76%, at over RMB 760 billion. Since the start of the year, the onshore bond ETF market has expanded by nearly RMB 200 billion, with SSE-listed products accounting for almost RMB 170 billion of the increase—more than 80% of the market-wide growth. Behind the market's breakthrough of the RMB 1 trillion mark, medium- to long-term investors account for roughly half of total bond ETF holdings, nearly tripling from the level at the end of 2024. (Yicai, Huang Siyu)