12 CSI A500 ETFs were swiftly approved. It was learned from the industry that Huaxia, E Fund, Bosera, Da Cheng, GF Fund, Huaan, Huabao, Manulife, Huitianfu, Penghua, Tianhong, and ICBC Credit Suisse under their umbrella all had the CSI A500 ETF approved today. As the second batch of ETFs tracking the CSI A500 index, the 12 fund companies submitted their filings yesterday and were approved just a day later. ETFs have become a key focus for fund allocation, with large cap broad-based ETFs consistently being the primary choice for onshore funds. The CSI A500 index has become the most popular product of the year, with the total scale both onshore and offshore reaching nearly 120 billion. At the current pace, the second batch of CSI A500 ETFs will be issued as early as next Tuesday (November 5).