[China Securities Regulatory Commission: Studying the launch of multi-asset index funds with a constant ratio of stocks and bonds Enriching over-the-counter medium and low-volatility products] On November 2, the head of the relevant department of the China Securities Regulatory Commission answered a reporter’s question on the recent work related to stabilizing the market and stabilizing expectations, saying that active ETFs are fund managers who rely on professional investment research capabilities to independently carry out stock selection, timing and allocation, and do not track specific characteristics. It is a public fund product that targets a fixed index and can conduct real-time trading on the market and physical redemption and redemption. It has the characteristics of active management of ordinary funds and flexible and highly transparent ETF transactions. It can meet the needs of investors with different risk preferences and continue to introduce incremental funds to the market. Since the China Securities Regulatory Commission announced the launch of active ETFs in June this year, fund companies have actively applied for them. The first batch of 18 active ETFs were registered on October 19, and fundraising started on October 23. The overall fundraising trend is good. As of November 2, the total raised funds exceeded 35 billion yuan, of which 16 products have reached the upper limit of single fundraising scale of 2 billion yuan and ended their fundraising. In the next step, the China Securities Regulatory Commission will guide and encourage the 18 active ETFs that have completed fundraising to accelerate investment and position building. At the same time, we will continue to increase the supply and innovation of equity fund products and support the counter-cyclical layout of fund managers. Launch more new index stock ETFs to enrich on-market investment tools. Research and launch multi-asset index funds with a constant ratio of stocks and bonds, enrich over-the-counter medium and low volatility products, and better meet the investment needs of different investors. Fund managers are encouraged to issue more floating fee funds to further strengthen the binding of interests between fund managers and holders.