SHANGHAI, May 7 (Xinhua) -- The total market value of exchange-traded funds (ETFs) on the Shanghai Stock Exchange has surpassed 3 trillion yuan (about 417 billion U.S. dollars), according to data released on Wednesday by this exchange.

It said that the scale of China's ETF market has grown rapidly in recent years, thanks to both the growing participation of investors in index investment and the diversification of ETF products.

As of April 2025, the total scale of the domestic ETF market had exceeded 4 trillion yuan in value. It took only about six months to reach this figure from the value of 3 trillion yuan registered in September last year.

The ETF is an open-end fund listed and traded on stock exchanges, and it invests in constituent securities of specified indices or other underlying assets according to the fund contract.

Notably, the Shanghai Stock Exchange's ETF market has developed into a diversified product system covering stocks, bonds, commodities and cross-border assets, among others.

Of these, the scale of stock ETFs on the Shanghai Stock Exchange is nearly 2.2 trillion yuan, while the scale of bond ETFs exceeds 200 billion yuan, it said.

Since the beginning of 2025, the Shanghai Stock Exchange's ETF market has recorded a net capital inflow of nearly 180 billion yuan, with medium- and long-term funds, such as insurance and pension funds, increasing their ETF investments, it said.