The total assets of exchange-traded funds (ETFs) listed on the Shanghai Stock Exchange (SSE) have amounted to 2.9 trillion yuan (around 394.64 billion U.S. dollars), according to the latest data from the Shanghai bourse.
Since the start of this year, the net inflow into ETFs across the market has exceeded 130 billion yuan, and the number of ETF products available on the market has exceeded 670, the SSE reported.
Specifically, stock ETFs account for the largest portion with total assets of 2.1 trillion yuan (about 285.77 billion U.S. dollars), while broad-based ETFs have assets totaling 1.6 trillion yuan. Bond ETFs account for over 200 billion yuan, and the scale of dividend ETFs is around 100 billion yuan.
Notably, five ETFs on the Shanghai market boast assets exceeding 100 billion yuan each, representing 83 percent of all such large-scale ETFs across both the Shanghai and Shenzhen bourses. Additionally, 52 ETFs traded on the SSE have assets surpassing 10 billion yuan, representing 71 percent of the total ETFs in two major exchanges.
Meanwhile, there is a notable growing appeal of Chinese ETFs to international investors. Overseas funds tracking indices such as the SSE and CSI (China Securities Index) have reached a combined amount of 150 billion yuan, reflecting heightened global confidence in index-based investments targeting China's markets.
ETFs are investment funds that hold multiple underlying assets and can be traded on an exchange, similar to individual stocks. They can be structured to track a wide range of investments, from the price of a single commodity to a large and diversified portfolio of stocks.
ETF scale on Shanghai Stock Exchange surges to 2.9 trln yuan
Iran said on Wednesday it had struck several military bases of the United States in the region in retaliation for the latest wave of U.S. attacks on Iran, further straining the ceasefire after Iran and Israel traded missile attacks in a recent major escalation.
Iran's Islamic Revolution Guard Corps (IRGC) said Wednesday that it launched a drone attack on the U.S. Fifth Fleet in Bahrain in response to the U.S. attacks on southern Iran, adding that it downed a U.S. MQ-9 drone in Iran's Bushehr Province.
The IRGC said it also targeted Ali Al Salem Air Base in Kuwait with drones, as well as four sites at the U.S. al-Azraq base in Jordan using long-range missiles, Iranian media reported.
"In the event of continued hostility, heavier responses are on the way," the IRGC said in a statement.
The U.S. strikes began at 17:00 ET (2100 GMT) Tuesday, according to the U.S. Central Command, which oversees U.S. military operations in the Middle East.
The command said it struck Iranian air defense, ground control stations and surveillance radar sites near the strait with munitions from the U.S. Air Force and Navy fighter jets.
A series of explosions was reported early Wednesday in the southern Iranian port city of Bandar Abbas, as well as Qeshm Island and Sirik County, triggering the activation of air defenses, the state-run IRIB news agency said, citing sources.
Meanwhile, the IRGC said that U.S. forces attacked several locations in Jask, Sirik and Qeshm, damaging a telecommunications mast and destroying two water tanks in Sirik.
Hours later, the command said it had completed strikes against Iran, which was confirmed by the IRIB.
The latest wave of U.S. attacks came after U.S. President Donald Trump claimed that Tehran had shot down a U.S. Apache helicopter in the Strait of Hormuz, vowing "very strong, very powerful" response.
However, the IRIB news agency quoted a military source as saying that "no offensive aerial military operation was carried out" over the Strait of Hormuz within the past 24 hours.
Iran strikes US bases in response to attacks
