First 18 Active ETFs Launch in China, Several Raise Over 1B Yuan in Half Day

The simultaneous debut of China's first active ETFs marks a structural shift in a market long dominated by passive products, and the rapid half-day fundraising signals genuine appetite rather than a trial run. The concentration of inflows among Morgan, E Fund and Fullgoal suggests early brand and distribution advantages will shape the competitive landscape from day one. Whether the single-day subscription pace reflects durable demand or launch-day novelty is the open question, and how these products' active management fares against China's established passive ETF complex will determine if the format earns a permanent place.