As the difficulty of making concentrated bets on individual stocks increases, smart money has already quietly shifted its focus.
ETFs are rewriting market rules with an overwhelming momentum! The total scale of domestic ETFs has historically surpassed the RMB 5 trillion mark!
This year, as many as 347 new ETFs have been established, a record high; the total scale surged from RMB 3.73 trillion at the beginning of the year to RMB 5.76 trillion, repeatedly setting new historical records. As of December 7, 2025, there are 1,373 ETFs in the entire market.
Today, we analyze the top 100 indices by size linked to domestic ETFs and their representative products, and compile a complete list of the most influential hundred-billion-yuan-level ETFs in the market.
As the market shifts from 'trading individual stocks' to 'allocating indices,' an era of major asset allocation defined by ETFs has arrived. Against this backdrop, scale and liquidity have become one of the key criteria for market evaluation.
Scale brings a sense of security: Scale reflects market recognition. Hundred-billion-yuan-level ETFs operate relatively stably and demonstrate strong resistance to subscription and redemption pressures.
Liquidity is the lifeline: Liquidity determines whether your money can 'get in and get out.' High-liquidity ETFs have smaller bid-ask spreads (saving costs) and continuous trading, avoiding to some extent the awkward situation of 'wanting to buy but unable to' or 'wanting to sell but unable to.'
Currently, many investors still view ETFs through the lens of 'betting on sectors,' while mature ETF investors have already built comprehensive systems for asset defense and growth.
The current total of 1,373 ETFs in the market can be broken down into seven core categories, providing diversified allocation tools:
1. Broad-based: The 'stabilizing force' of the market
Core A-share indices: CSI 300 ETF, SSE 50 ETF (large-cap blue chips), CSI 500/1000 ETF (small- and mid-cap growth), etc. Technology pioneers: STAR 50 ETF, ChiNext ETF, etc., representing the power of China's hard technology.
2. Industry and Sectors: Focus on niche areas
Technology/TMT: Chip ETF, Semiconductor ETF, Artificial Intelligence ETF, Robotics ETF; Consumer Staples: Liquor ETF, Tourism ETF, Food and Beverage ETF, etc.; Healthcare: Healthcare ETF, Pharmaceutical ETF, Traditional Chinese Medicine ETF; Finance: Securities ETF, Banking ETF; New Energy: Battery ETF, Solar ETF, New Energy Vehicle ETF, etc.
3. Cross-border: Global asset allocation
Whether it is Hong Kong stocks, US stocks, or markets in Germany, France, Brazil, Saudi Arabia, Japan, etc., QDII-type ETFs mostly allow T+0 trading, helping investors diversify risks associated with a single market.
4. Bonds: Such as Government Bond ETF, Policy Bank Bond ETF, etc. These are primarily fixed-income assets, exhibiting lower volatility than equities and historically showing a 'seesaw' effect with the stock market.
5. Commodities: Instruments such as Gold ETF, Energy ETF, Agricultural Products ETF, enabling indirect investment in major commodities.
6. Strategies: Including Dividend ETF (high-dividend strategy), Smart Beta ETF (e.g., low volatility, value, quality strategies), providing specialized advanced solutions.
7. Cash Management: Such as Yinhua Daily Profit, Huabao Tianyi, serving as 'spare change wallets' for idle funds of stock investors.
