China’s Beijing Stock Exchange (BSE) has approved the first eight actively
managed, open‑end thematic funds with a three‑month holding‑period mechanism,
clearing the way for near‑term issuance. Managers include Huaxia, Huitianfu, E
Fund, Southern Asset Management, Harvest, East Money, Fullgoal and CITIC
JianTou. The products target high‑quality, innovative small‑and‑mid‑caps on the
BSE. Compared with earlier two‑year periodic open thematic funds, these require
only a three‑month minimum holding before investors can redeem, materially
shortening investor lock‑up and increasing allocation flexibility. Industry
participants say the funds expand public mutual fund access to the BSE, should
prompt fund managers to boost BSE research and product allocation, and may
introduce incremental and institutional medium‑to‑long‑term capital that
supports market liquidity.
