The most recent "Institutional Supervision Update" discloses that the China Securities Regulatory Commission (CSRC) has recently refined the registration and listing review procedures for Exchange-Traded Funds (ETFs). Specifically, it has done away with the necessity of submitting a no-objection letter from the stock exchange during the registration phase. In Chinese financial regulatory culture, streamlining administrative procedures like this is often seen as a positive step towards fostering a more efficient and competitive market environment. It aligns with global best practices where reducing bureaucratic hurdles can accelerate product innovation and market responsiveness. Moreover, the Shanghai and Shenzhen Stock Exchanges have concurrently updated their self-regulatory guidelines. Under the new regulations, fund managers can directly register ETF products that track well-established indices with the CSRC. Subsequently, they can proceed to apply to the exchanges for their offering and listing. In the context of English financial reporting, using terms like "concurrently updated" instead of a more literal translation like "synchronize revised" is more idiomatic and clearer for an international audience. Also, "well-established indices" conveys the maturity and stability of the indices being tracked more effectively than just "mature indices". This initiative not only simplifies the overall process but also alleviates the administrative load on industry institutions. By doing so, it aims to invigorate the market, encouraging greater participation and innovation.