Shanghai Securities News | SSE: Total Assets of ETFs Listed on the SSE Reach RMB 4.2 Trillion; Significant Growth in the Number and Scale of Broad-Based and Dividend ETFs

Shanghai Securities News, www.cnstock.com (Reporter He Xinyi) — On March 13, a relevant official from the Product Innovation Department of the Shanghai Stock Exchange (SSE) stated at the China Merchants Fund Spring Index Investment Strategy Conference and the "Dividend Family" brand launch ceremony that, as the comprehensive reform of investment and financing in the capital market continues to deepen, the domestic ETF market is entering a new stage of high-quality development.

The official stated that as SSE-listed ETFs continue to improve in quality and expand in scale, their diverse functional value is becoming increasingly prominent. With the steady implementation of the new "State Council Nine-Point Guideline" and the capital market's "1+N" policy framework, the domestic ETF market is showing a favorable landscape characterized by strong policy support, a continuously improving product ecosystem, accelerated inflow of long-term capital, and heightened market participation enthusiasm.

In particular, domestic ETFs have achieved leapfrog development. In 2025, the scale of domestic ETFs successively surpassed RMB 4 trillion, 5 trillion, and 6 trillion, making it the largest ETF market in Asia. The SSE, as the core market, saw its ETF scale successively exceed RMB 3 trillion and 4 trillion. By the end of 2025, there were 797 ETFs listed on the SSE, with a total annual turnover of RMB 61 trillion—the highest in Asia. The total assets of SSE-listed ETFs reached RMB 4.2 trillion, of which equity ETFs exceeded RMB 2.7 trillion, while the number and scale of broad-based and dividend ETFs grew significantly.

Product innovation is also continuously deepening, and the market ecosystem is steadily improving. Products that cater to medium- and long-term investment needs, including broad-based ETFs and dividend ETFs, are becoming increasingly diversified. ETFs have become an important vehicle for household wealth allocation and for the entry of medium- and long-term capital into the market. By the end of 2025, medium- and long-term capital held a total of RMB 1.5 trillion in SSE-listed ETFs, representing a 70% increase over the year and contributing more than 40% of the growth in SSE ETF assets, with insurance holdings alone rising by 35%.

"In recent years, dividend ETFs have shown remarkable growth, and their ecosystem continues to improve. Thanks to their low volatility and stable returns, dividend ETFs have gained widespread market recognition and achieved leapfrog development. The SSE has also been continuously building and refining the dividend ETF product ecosystem," the official noted.

First, the SSE has vigorously promoted dividend distribution by listed companies, continuously enhancing investors' satisfaction and sense of gains. In 2025, the total cash dividends of SSE-listed companies exceeded RMB 2 trillion for the first time, up 11% year-on-year, accounting for 78% of the domestic market's total dividends. Meanwhile, a total of 70 ETFs listed on the SSE paid dividends totaling RMB 38.05 billion, up 112% year-on-year and representing 85% of the domestic market, allowing investors to share in the market's growth.

Second, the supply of dividend ETFs has been continuously enriched, and their scale has achieved leapfrog growth. By the end of 2025, the total assets of dividend ETFs on the SSE reached RMB 166.2 billion, a significant increase of 63% compared with the end of 2024. Eleven new dividend ETFs and 16 free cash flow ETFs were launched, effectively meeting investors' needs for stable portfolio allocation.

Third, the SSE has continuously improved the stable dividend mechanism, promoting quarterly and monthly dividend distributions for ETFs, thereby providing investors with a high-quality and steady investment experience. Dividend ETFs accurately meet the robust investment needs of a broad range of investors and align with the capital market's "long-term money, long-term investment" ecological objectives, becoming an important driver of high-quality development in the ETF market.

The official stated that the SSE will continue to uphold its commitment to serving the real economy and investors, continuously enrich the supply of ETF products, and optimize supporting market mechanisms, contributing further to the high-quality development of the ETF market.