证监会优化ETF注册流程,取消无异议函要求
Zhong Guo Zheng Quan Bao·2025-11-19 12:32

Group 1 - The core viewpoint of the news is that the China Securities Regulatory Commission (CSRC) has optimized the registration and listing review process for ETFs to reduce the burden on administrative parties and promote high-quality ETF development [1][2] - Starting immediately, fund managers can apply directly to the CSRC for registration of ETFs that track mature indices, streamlining the process and eliminating the need for a no-objection letter from the stock exchange [1][2] - The reform aims to simplify related processes, reduce the burden on industry institutions, and help unleash market vitality, as the overall operation of ETFs has become smoother and more regulated in recent years [2] Group 2 - For innovative products, complex products, and new index products, the stock exchange will initiate a product development evaluation mechanism to assess the suitability of developing related ETF products based on market capacity and operational stability [3] - The evaluation mechanism reflects the regulatory focus on the stable operation of ETF products and aligns with the operational rules of product development, benefiting the long-term stability of the industry [3] - Fund managers are encouraged to conduct thorough market analysis and product design to avoid herd behavior and ensure stable operations, with measures in place to manage concentrated applications for ETF registrations [4]