On August 10, SZSE revised and released the Guidelines No.1 of the Shenzhen Stock Exchange for the Securities Investment Fund Business - Index Fund Development (the “Guidelines”), which appropriately shortens the time required for the release of non-broad-based stock index funds during their development. This is another positive measure taken by SZSE to perfect the basic system governing funds and better leverage the functions of capital market. The original minimum time requirement for index release during the development of non-broad-based stock index funds was six months and now it has been shortened to 3 months. This will help further improve the index fund development productivity, better meet investors' diversified needs in wealth management, and reinforce the ability of capital market to serve national strategies.

In January 2021, SZSE released the Guidelines, which has played an important role in regulating the development of index funds and promoting the sustainable and healthy development of the index fund market. In recent years, the development of ETFs in SZSE market has been accelerated, with continuous growth in terms of product quantity and scale. A product line covering a wide range of assets such as equities, bonds, commodities, currencies in major domestic and overseas markets has been formed, providing investors with rich asset allocation tools. As of July 2023, there were 315 ETFs in SZSE market and the asset size amounted to CNY 483 billion, an increase of 184% and 143% respectively from that at the end of 2020. In particular, The asset scale of equity ETFs was CNY 374 billion, mainly investing in advanced manufacturing, digital economy, green and low-carbon fields to help the capital market make positive contributions to serving the real economy and national strategies.

Next, SZSE will thoroughly implement the deployment requirements of the mid-year working forum of the CSRC and closely focus on “enlivening capital markets and boosting investor confidence”. We will fully carry out and deepen the work on the investment side reform and adhere to the market-based and law-based principles to further enrich product types, improve product operation mechanisms, optimize market services and better meet the needs of medium- and long-term capital allocation. Through these moves, we will create a product system that is compatible with the diversified needs of investors in wealth management and matches with the requirements for high-quality development, supporting the construction of a modern capital market with Chinese characteristics.