China approves 18 active ETFs to shore up A-share market confidence

South China Morning Post · 9 hours ago
China approves 18 active ETFs to shore up A-share market confidence
  • The China Securities Regulatory Commission approved 18 actively managed ETFs from domestic public fund managers after a three-month review.
  • Fund managers may announce offerings as early as Tuesday, with sales starting Friday and each product raising about 2 billion yuan, according to domestic media reports.
  • CSRC chairman Wu Qing pledged a crack down on market irregularities and the encouragement of listed-firm share buybacks as the regulator manages global financial volatility.