The issuance market is on the brink of welcoming a series of significant products. Seven fund management firms—Huatai-PineBridge, E Fund Management, ICBC Credit Suisse Asset Management, Yongwin Asset Management, Invesco Great Wall Fund Management, Penghua Fund Management, and J.P. Morgan Asset Management—have collectively declared that their AI ETFs, centered on innovation and entrepreneurship, will commence sales on November 28. The regulatory green light for these seven ETFs was granted on November 21.
These funds are designed to track the Innovation and Entrepreneurship AI Index, which was established by the China Securities Index Co., Ltd. on May 14 of this year. This index stands out as the inaugural AI-themed index that encompasses both the Science and Technology Innovation Board (STAR Market) and the ChiNext board, thereby serving as a positive indicator of regulatory support for strategic emerging industries.