On January 26th, the China Securities Supervision Commission issued the "Action Plan for Promoting the High-Quality Development of Indexed Investment in Capital Markets". The "Action Plan" proposes to continue to enrich the index fund product system. Actively develop stock ETFs. Fully improve and strengthen core broad-based stock ETFs, build a phalanx of industry flagship ETF products, and support the registration and issuance of wide-based stock ETFs with high coverage, strong representation and good liquidity to better meet the needs of medium and long-term capital allocation. Launch more strategic index ETFs such as dividends, low-wave, value and growth, and further enhance the diversity and investability of ETF products. Continuously enrich thematic investment index ETF products by focusing on doing a good job in financial "five big articles", serving the real economy and national strategies, and developing new quality productivity. Steadily expand bond ETFs. On the premise of effectively preventing and controlling liquidity risk and credit risk, continue to enrich the supply of bond ETF products to better meet the low-risk investment needs of on-exchange investors. Support the launch of more liquid and low-risk bond ETFs with different durations.