China’s First 18 Active ETFs All Launch, Raising 36 Billion Yuan

The speed of this rollout — all 18 products capped at their limit within weeks — signals genuine distribution muscle behind active ETFs as a new wrapper in China, not just novelty demand. Manager seed capital in at least one fund is worth noting, since it shifts part of the early risk onto the sponsor and may say something about confidence in the format. The real test comes after launch: whether these vehicles hold assets and trading interest once the initial fundraising window closes is the open question, and how the active-ETF format competes with existing fund structures is what to watch.