The latest data shows that the number of etf products has exceeded 1,000, and the total size of all listed etfs has reached 3.65 trillion yuan, an increase of 1.6 trillion yuan since the beginning of the year. Multiple analysts stated in interviews that the expansion of the etf market not only provides opportunities for brokerages to expand retail customers, but also offers new space for developing institutional services and wealth management. Brokerages can charge clients commissions and etf portfolio advisory fees, and they can also realize a series of derivative income such as trailing commissions by increasing the total holdings of etfs. In response to the fast expansion of the etf market, many brokerages are busy laying out their strategies, and some even establish specialized departments and teams to promote the expansion of etf-related businesses. A relevant person in charge of Galaxy Securities told reporters that in recent years, the total holdings of brokerages in etfs have continuously increased, market share has expanded, and the distribution channels for etfs and other index funds have become new profit growth points for brokerages. (Securities Times)