First Batch of Active ETFs Attracts Stronger-Than-Expected Subscriptions, Fresh Capital Expected to Boost Market

As of October 31, 15 of the first batch of active ETFs launched for issuance had announced early closure of subscriptions. Some funds have completed establishment announcements and entered the position-building phase. Once positions are built, subscription capital will gradually flow into the secondary market, injecting incremental liquidity into A-shares. Related statistics show that if all 18 active ETFs reach their 2 billion yuan fundraising cap, they are expected to bring 36 billion yuan in incremental capital to the market. Industry insiders believe this issuance boom not only set a recent fundraising record for equity funds, but also marks the official shift of China's domestic ETF market from "index tracking" to a new stage of "strategy-driven" investing. (Economic Reference Daily)