The scale of bond Exchange-Traded Funds (ETFs) continues to soar, achieving a net capital inflow exceeding RMB 40 billion in May alone. Despite the overall subdued performance of bond funds, bond ETFs remain a favored investment choice among investors, marked by robust market trading activity. Furthermore, the introduction of the pledge-style repo business for credit bond ETFs, which includes a total of 9 products in the repo pledge library, is anticipated to further propel the growth of the bond ETF market.