China's CSRC approved the Shanghai Stock Exchange (SSE) first batch of actively
managed ETFs on 2026-10-19. Managers selected have established active equity
investment and ETF operation capabilities; initial strategies target
low-turnover, highly diversified, relatively conservative approaches covering
large-cap balanced, large-cap growth and dividend/value mandates. As of
end‑September 2026, 943 ETFs trade on the SSE with total AUM CNY 3.35 tln;
long-term holdings stand at about CNY 1.7 tln, over half of the market, and the
exchange says incremental inflows are accelerating. SSE says it will work under
CSRC guidance to broaden product offerings and build a long-term investment
ecosystem to support the public fund sector.
