Storyline: Chinese fund companies on Monday issued the first batch of 10 sci-tech innovation bond ETFs onto the market. ETFs are a basket of securities that traders could buy and redeem freely on an exchange with their shares being variable. According to the announcements from the fund companies, seven of the 10 ETFs will raise funds only on Monday, two will raise funds till July 11, and the remaining one to be on the market till July 18. Regarding issuance targets, the upper limit of the fund-raising scale of the 10 products is generally set at three billion yuan (about 419 million U.S. dollars). Industry insiders estimate that after the issuance of the 10 sci-tech innovation bond ETFs, the total scale of bond ETFs on the Chinese market may exceed 400 billion yuan (about 56 billion U.S. dollars). Sci-tech innovation bonds are credit bonds issued by sci-tech innovation enterprises, raising funds mainly to support the corresponding field. They are an important tool for the bond market to serve sci-tech innovation enterprises in financing and promote the development of the real economy. Experts said that the launch of the ETFs is a key measure for the capital market to respond to China's national strategy of sci-tech innovation. Shotlist: FILE: Shanghai, China - Date Unknown: 1. Cityscape FILE: China - Exact Location and Date Unknown: 2. Various of traders working at computers Beijing, China - July 7, 2025: 3. SOUNDBITE (Chinese) Wang Zhe, proposed fund manager, Harvest CSI AAA sci-tech innovation bond ETF (partially overlaid with shots 4-6): "Compared with traditional credit bond index funds, the sci-tech bond ETFs have obvious advantages in liquidity, trading convenience, and fees, with lower investment threshold than direct investment in sci-tech bonds. The sci-tech bond ETFs effectively fill the gap in the field of bond funds for the theme of sci-tech finance, and will expand the channels for individual investors to allocate sci-tech bond assets." [SHOTS OVERLAYING SOUNDBITE] FILE: China - Exact Location and Date Unknown: 4. People working on computer 5. People checking financing index on cellphone 6. Various of people working on computer [SHOTS OVERLAYING SOUNDBITE] 7. Various of people working at securities company; animation showing finance data 8. Various of researchers working; facilities 9. People running with robot 10. Various of facilities, researchers working 11. Various of animations showing high-tech products; robots 12. Various of facilities, researchers working 13. Various of traders working at computers FILE: Shanghai, China - Date Unknown: 14. Various of Bund, cityscape. [Restrictions : No access Chinese mainland]