First Active ETFs Officially Approved, Intra-Exchange Active Investing Enters New Era

36Kr reports that recently, the Shenzhen Stock Exchange received formal approval from the China Securities Regulatory Commission for its first batch of nine active ETFs, marking a significant innovation and breakthrough in the domestic ETF market. This move is a key initiative to deepen comprehensive reforms in investment and financing, attract medium-to-long-term capital into the market, and promote high-quality development of public fund management. The initial products leverage the research and investment advantages and unique characteristics of managers, focusing on stable investment strategies such as balanced, value, and dividend approaches, thereby offering investors more diversified asset allocation options and guiding funds to more effectively allocate to high-quality investment targets. Since the beginning of this year, the Shenzhen Stock Exchange has actively implemented requirements from the "Action Plan for Promoting High-Quality Development of Public Funds," including advancing innovation in equity fund products, using the ChiNext reform as an opportunity to launch industry-themed ETFs on ChiNext such as computing power, financial technology, and batteries. The exchange continues to optimize supporting mechanisms like fund liquidity services and block trading to support the construction of a market ecosystem for long-term capital investment. In the next step, the Shenzhen Stock Exchange will diligently carry out the issuance and listing of active ETFs, ensure smooth implementation of products, continuously strengthen investment-side construction, and contribute to high-quality development in the public fund industry.