中国证监会批准18只主动管理型交易所交易基金（ETF），可能将数十亿元人民币引入A股市场，以增强投资者信心和市场韧性。
The China Securities Regulatory Commission (CSRC) has approved 18 actively managed exchange-traded funds (ETFs), which could channel tens of billions of yuan into the A-share market, as it seeks to strengthen investor confidence and market resilience.
中国证监会主席吴清周一在北京金融街论坛开幕式上发表讲话。金融街论坛是中国顶级国家级经济会议之一。吴清还承诺，在监管机构应对全球金融波动带来的日益增长的风险、鼓励上市公司回购股份的同时，将严厉打击市场违规行为。
Speaking on Monday in Beijing at the opening ceremony of the Financial Street Forum, one of China’s top national-level economic conferences, CSRC chairman Wu Qing also pledged to crack down on market irregularities as the regulator pushes to manage growing risks from global financial volatility while encouraging listed firms to buy back shares.
国内公募基金管理人的首批18只主动管理型ETF经历三个月审查后获批。
The first batch of 18 actively managed ETFs from domestic public fund managers won approval after a three-month review.
据国内媒体报道，基金管理人可能早在周二就宣布其产品发行，周五开始销售，每只产品有望募集约20亿元人民币（约合3亿美元）。
Fund managers could announce their offerings as early as Tuesday, with sales starting on Friday and each product potentially raising about 2 billion yuan (about US$300 million), according to domestic media reports.
吴清表示：“此举是推动基金产品创新迈出的重要一步，将为市场带来更多增量资金。”他补充说，证监会将拓宽中长期资金的来源、渠道和通道，并深化公募基金行业改革。
“The move marks a major step forward in fostering fund product innovation and will bring more incremental capital into the market,” Wu said, adding that the CSRC would broaden sources, channels and access routes for medium- and long-term capital and deepen reform of the public fund industry.
此次批准正值自7月以来市场深度调整之际，此前因对美国制裁的担忧引发科技股抛售。
The approval comes amid a deep market correction since July, following a sharp sell-off in technology shares driven by concerns over US sanctions.
吴清誓言，监管机构将致力于增强市场韧性，并呼吁加强投资者信心，因为风险正日益在跨境、跨市场和跨行业之间蔓延。
Wu vowed the regulator would work to strengthen market resilience and urged efforts to bolster investor confidence as risks increasingly spread across borders, markets and sectors.
“全球市场正表现出显著增强的溢出效应。股票、债券和外汇市场的波动性和关联性均在上升，跨境、跨市场和跨行业风险传播值得密切关注。”吴清说。
“Global markets are showing significantly stronger spillover effects. Greater volatility and correlation can be seen across equities, bonds and foreign exchange markets, deserving close vigilance over cross-border, cross-market and cross-sector risk transmission,” Wu said.
“证监会将坚持稳中求进的原则，围绕核心职责，进一步完善资本市场均衡的投融资功能，提升市场韧性和投资者信心，”他补充道。
“The CSRC will follow the principle of pursuing progress while maintaining stability. Focused on its core tasks, the commission will further refine the capital market’s balanced investment and financing functions, bolster market resilience and investor confidence,” he added.
吴表示，证监会将加强依法从严监管，同时营造规范健康的市场生态。他概述了委员会即将推出的四项措施。
Wu said the CSRC would strengthen law-based and stringent regulation while fostering a well-regulated, healthy market ecosystem. He outlined four measures that the commission would soon introduce.
第一项是建立基金行业监测中心，负责登记私募基金份额、收集公募和私募基金数据并监测风险，他说。
The first would establish a fund-industry monitoring centre responsible for registering private fund shares, collecting data from public and private funds and monitoring risks, he said.
委员会还将发布关于证券和期货行业人工智能安全合规使用的指引，他补充道。
The commission would also issue guidelines on the secure and compliant use of artificial intelligence across the securities and futures sectors, he added.
吴表示，将完善非法减持股份的处罚规则，以更精准地打击此类违规行为。
Wu said it would refine penalty rules for illegal share reductions to crack down on such violations with greater precision.
最后，委员会将发布证券市场先行赔付的指引，以更好地保护散户投资者的合法权益，他补充道。
Lastly, the commission would release guidance on advance compensation in the securities market to better protect the legitimate rights and interests of retail investors, he added.
其他高级金融监管者也在为期四天的会议上发表了讲话。国家金融监督管理总局局长丁向群表示，监管部门将加大力度推动银行和保险业升级。他还表示，将欢迎更多外国机构和长期资本来华经营和扩大业务。
Other senior financial regulators also addressed the four-day conference. Ding Xiangqun, head of the National Financial Regulatory Administration, said the regulator would step up efforts to upgrade China’s banking and insurance sectors. It would also welcome more foreign institutions and long-term capital to operate and expand their businesses in China, Ding said.