According to Bloomberg, inflows into eight tracked ETFs reached 13 billion yuan ($1.9 billion), marking the highest influx since July when state-backed investors actively participated in the market during a critical political gathering. The CSI 300 Index soared by over 4% on Tuesday, propelled by a series of stimulus measures announced by China’s central bank aimed at bolstering the economy. The index continued its upward momentum on Wednesday.
Notably, inflows into some of the country’s largest ETFs were particularly robust. The Huatai-Pinebridge CSI 300 ETF saw its value climb to a record 311 billion yuan, reflecting a significant increase of approximately 150% this year. Similarly, the E Fund CSI 300 ETF experienced an impressive growth trajectory, with its market capitalization more than quadrupling to around 211 billion yuan. These gains are attributed to both state inflows and heightened retail interest, as investors increasingly view these funds as viable options for bottom-fishing in the current market environment.
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