Shanghai and Shenzhen Markets Post Combined Turnover of 1.653 Trillion Yuan

The split matters more than the headline: Shenzhen out-traded Shanghai, and ChiNext alone accounted for roughly a quarter of the combined total, a reminder that growth-oriented listings still carry outsized share of activity in mainland markets. For crypto and RWA desks, the read-through is indirect — onshore equity turnover is a rough gauge of domestic risk appetite, not a direct flow signal into digital assets. Whether ChiNext's share of turnover holds at these levels is the open question.