Shanghai Stock Exchange deputy GM Yuan Duoran said at the Global Wealth
Management Forum in Shanghai that Jan–Sep turnover of funds listed on the SSE
totaled 65.4 tln yuan. ETF turnover ranked first in Asia and ETF market value
ranked third, with ETFs cited as a core long-term allocation. As of
end-September there were 1,124 funds listed on the SSE with aggregate market
value of 3.5 tln yuan.