China’s publicly offered funds hit new highs in 2025, with the scale of exchange-traded funds (ETFs) reaching 5.78 trillion yuan (around 821 billion U.S. dollars) by Friday, representing a growth of more than 2 trillion yuan, or 53 percent, within the year, according to financial data provider Wind Information.

The ETF market has undergone a much faster growth, with the scale rising from 4 to 5 trillion yuan in just four months. Previously, it took 14 years for the number to rise from 0 to 1 trillion.

Two batches of sci-tech innovation bond ETFs were listed successively in July and September this year. So far, the scale of 24 sci-tech innovation bond ETFs has reached 257.664 billion yuan, an increase of 269 percent compared with the issuance scale of 69.773 billion yuan. Among them, the scale of 16 ones has each topped 10 billion yuan.

Meanwhile, China also saw significant growth in the fund of funds (FOF) this year. As of Dec 17, the fund-raising scale of the 79 FOFs established within the year reached 80.354 billion yuan, exceeding the total issuance of the previous three years. The average issuance scale of a single product reached 1.049 billion yuan, more than three times that of 2024.