According to CoinMeta, a responsible official from the China Securities Regulatory Commission answered reporters' questions regarding recent efforts to stabilize the market and expectations. It was stated that the first batch of 18 active ETF products were registered on October 19th, and fundraising began on October 23rd, with overall fundraising progressing well. As of November 2nd, a total of over 35 billion yuan had been raised, among which 16 products had reached the maximum fundraising amount of 2 billion yuan each and completed their fundraising processes. Active ETF products are public funds where fund managers independently carry out stock selection, timing, and allocation based on their professional research capabilities. These products combine the features of active management typical of ordinary funds with the flexibility of ETF trading and high transparency, allowing them to meet the needs of investors with different risk preferences and continuously bringing in additional capital to the market.