China’s biggest ETFs see huge inflows in latest sign of state buying amid third plenum

Quick Summary:

Rising inflows into CSI 300-linked ETFs have fanned speculation that China’s state buyers are probably trying to prop up sentiment, analysts say.

The average daily inflow for the year stands at 712 million yuan.

The CSI 300 Index, which comprises the 300 most valuable and liquid stocks on the Shanghai and Shenzhen exchanges, has risen by 0.8 per cent this week, showing a tentative stabilisation after having fallen almost 6 per cent from a high in May up to last week.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Yuan Inflows Market Billion Fund Central Etfs Buying Sentiment State Communist

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 07:30:10 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 626 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21668469

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