The first batch of active ETFs were approved by the Shanghai Stock Exchange to help medium and long-term funds enter the market

China News Service, Shanghai, October 19 (Gao Zhimiao) The Shanghai Stock Exchange’s first batch of active ETFs (traded open-end index funds) were approved by the China Securities Regulatory Commission on the 19th. Active ETFs combine the professional investment research capabilities of active management with the standardized operation advantages of ETFs. They have the characteristics of transparent positioning and convenient transactions. They are another important measure to deepen the reform of the investment side, better meet the needs of investors for diversified asset allocation, and attract medium and long-term funds to enter the market.

On June 17 this year, the China Securities Regulatory Commission announced its support for the launch of active ETFs on exchanges. On the same day, the Shanghai Stock Exchange issued the "Guidelines for the Shanghai Stock Exchange's Active Management of Trading Open-End Securities Investment Funds", adhering to the principle of "smooth start, step-by-step, and strict risk prevention", and do a solid job in technical systems, risk monitoring, publicity and investment education and other related work. The first batch of active ETF managers on the Shanghai Stock Exchange have strong active equity fund investment management capabilities and rich ETF operation experience. Their product investment strategies focus on low turnover, high diversification, and relatively stable types, including market balance, market growth, dividend value, etc.

In recent years, the Shanghai Stock Exchange has vigorously developed equity public fund products such as stock ETFs. As of the end of September 2026, there were a total of 943 ETFs listed and traded on the Shanghai Stock Exchange, with a total scale of 3.35 trillion yuan. With the implementation of the new "Nine National Regulations", policies to promote the entry of medium and long-term funds into the market and the high-quality development of the public fund industry, the ETF market of the Shanghai Stock Exchange has entered a new stage of high-quality development. The market function continues to play, and incremental funds enter the market at an accelerated pace. The scale of medium- and long-term fund holdings is nearly 1.7 trillion yuan, accounting for more than half.

Next, the Shanghai Stock Exchange stated that under the guidance of the China Securities Regulatory Commission, it will implement the "15th Five-Year Plan" recommendations on "improving the inclusiveness and adaptability of the capital market system, improving the capital market functions that coordinate investment and financing" and "accelerating the construction of Shanghai as an international financial center", continue to enrich the investment product system, continuously enhance investors' sense of gain, build a "long-term investment" market ecosystem, and empower the high-quality development of the public fund industry.