China's proactive quantitative strategy is first embedded in overseas active ETFs.

Fidelity International, a wholly-owned subsidiary of Fidelity Fund, has appointed Galaxy International Securities Limited as its investment advisor to provide stock selection support for an actively managed equity ETF focusing on local small and medium-cap stocks in Singapore. It is reported that the product has already begun issuance and is expected to be listed on the main board of the Singapore Exchange on September 3. In recent years, the public offering sector's "going abroad" has continued to upgrade. In terms of overseas institutional setup, there are now more than 30 public offering overseas subsidiaries, spread across Singapore, North America, and other regions; on the product side, cross-border development is booming, with linked ETFs being launched one after another, and in collaboration with multiple overseas asset management institutions to issue fund products, attracting overseas funds to invest in A-shares.