China’s bond ETF market has achieved a new milestone, with total assets surpassing 310 billion yuan ($43 billion) as of June 9 – setting a fresh historical record. The market has grown explosively in 2025, adding 136 billion yuan (78% growth) since December 2024, when assets stood at 174 billion yuan. This rapid expansion follows years of relatively modest size, with the sector remaining below 100 billion yuan before 2024.
The bond ETF market’s acceleration has been remarkable, breaking through multiple thresholds in quick succession: 100 billion yuan in May 2024, 150 billion yuan by November 2024, and 200 billion yuan in February 2025. The latest surge to 310 billion yuan reflects strong investor demand for fixed income exposure amid ongoing bond market gains and heightened market volatility.
This growth trajectory highlights bond ETFs’ increasing importance in China’s asset management landscape, offering investors efficient access to the debt market while providing liquidity and transparency. The products have become particularly attractive to institutional investors seeking duration management tools and retail investors diversifying beyond equities, with the expanding product range now covering various bond types and maturities.
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