On September 24, the second tranche of 14 Sci-Tech Innovation Bond ETFs will be listed simultaneously. Back on September 12, all 14 of these products were snapped up within a single day, boasting a total issuance volume of 40.786 billion yuan. Analyzing the investor structure, it's evident that institutional investors dominate, holding over 98% of the shares, with some institutions pouring in billions of yuan. Industry experts note that Sci-Tech Innovation Bond ETFs serve as a conduit for funneling funds into the realm of scientific and technological innovation, thereby bolstering the growth of sci-tech innovation firms. Presently, the first tranche of 10 listed Sci-Tech Innovation Bond ETFs has witnessed exponential growth, with numerous products enlisting additional market makers. Factoring in these 14 newly listed offerings, the combined scale of bond ETFs has now surpassed the 600 billion yuan mark. Looking to the future, the Sci-Tech Innovation Bond ETF market is poised for heightened competition, demanding more sophisticated management skills from fund managers. The fund manager at Penghua also weighed in on the management challenges and outlined corresponding strategies.