China's first 18 active ETFs launched fundraising on Oct. 23 and had raised more
than 34.2 bln yuan by Oct. 30, with 15 funds hitting their subscription caps and
closing. Nine asset managers, including J.P. Morgan, E Fund and Fullgoal, made
2.7 bln yuan in self-purchases. The 18 ETFs will gradually build positions and
are expected to inject roughly 36 bln yuan of fresh capital into the market.
