On September 11, the “2026 Financial Institutions Annual Meeting and Securities Industry Wealth Brokerage Forum” hosted by the Securities Times was held in Shenzhen. Liu Bing, member of the executive committee, business director, and board secretary of China Galaxy Securities, said that indexed investment or entering a “supercycle” is not only a short-term hot spot, but also a long-term trend, and the underlying logic of the industry is being redefined. “In the second half of the Chinese ETF, the winners will be the institutions that will take the lead in building investment service infrastructure.” Liu Bing believes that the solution is to build a hierarchical and three-dimensional ETF service ecosystem, push ETFs from single product sales to full life cycle allocation, and allow buyer investment to be deeply embedded in the ecosystem. Overseas experience shows that investment is an important source of incremental ETF funding; active ETF implementation will also enrich strategies and allocation dimensions and mitigate homogenization.

On September 11, the “2026 Financial Institutions Annual Meeting and Securities Industry Wealth Brokerage Forum” hosted by the Securities Times was held in Shenzhen. Liu Bing, member of the executive committee, business director, and board secretary of China Galaxy Securities, said that indexed investment or entering a “supercycle” is not only a short-term hot spot, but also a long-term trend, and the underlying logic of the industry is being redefined. “In the second half of the Chinese ETF, the winners will be the institutions that will take the lead in building investment service infrastructure.” Liu Bing believes that the solution is to build a hierarchical and three-dimensional ETF service ecosystem, push ETFs from single product sales to full life cycle allocation, and allow buyer investment to be deeply embedded in the ecosystem. Overseas experience shows that investment is an important source of incremental ETF funding; active ETF implementation will also enrich strategies and allocation dimensions and mitigate homogenization.