China’s CSRC said it will guide and encourage 18 active ETFs that have completed
fundraising to accelerate portfolio construction. It will boost supply and
innovation of equity funds and support managers in making countercyclical
allocations. The regulator will launch more equity index ETFs to expand
on‑exchange tools and is researching multi‑asset index funds with fixed
stock‑bond ratios to broaden off‑exchange, lower‑volatility product choices.
CSRC also encouraged fund managers to issue more floating‑fee funds to better
align manager and holder interests.