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Market Chatter: China to Support Launch of Actively Managed ETFs

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China will support the launch of actively managed exchange-traded funds in Shanghai and Shenzhen, Bloobmerg reported Wednesday, citing China Securities Regulatory Commission Chairman Wu Qing.

Wu made the remarks during the yearly Lujiazui Forum in Shanghai on the same day, the report said.

Beijing's approval would signal changes beyond the index-tracking products dominating the Chinese ETF market, according to the news outlet.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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