It is a good thing that ETF only targets cakes

It will not bring funds to the copycats

Just like many people who buy stock funds on Alipay do not have an account.

The good news is that the channel provider Alipay and the gainer are etf300 and etf500 (cake)

For securities companies, they prefer those who buy funds to open an account. Even if they only buy funds, they may see that the stocks have risen and they will buy individual stocks and do margin trading, and they will make profits.

But if ETFs rise, it will attract some OTC investors to open accounts at securities firms, which can be considered as indirectly helping securities firms.

Do you understand me?