CSRC streamlines ETF registration process and removes requirement for no objection letter.

The latest "Institutional Regulatory Situation Report" shows that the China Securities Regulatory Commission has recently optimized the ETF registration and listing review process, canceling the requirement for ETF registration to submit a letter of no objection from the stock exchange. The Shanghai and Shenzhen Stock Exchanges have simultaneously amended their self-regulatory rules to reduce administrative burdens and promote the high-quality development of ETFs. After the implementation of the new regulations, ETF products tracking mature indices can be directly registered with the CSRC by the fund manager. After registration is completed, the fund manager can apply for issuance and listing to the stock exchange according to the relevant rules and requirements of the exchange. This streamlines the relevant process arrangements, reduces the burden on industry institutions, and helps unleash market vitality.