Chinese Broad-Based ETFs See Trading Volume Surge, Over 10B Yuan Net Inflow in a Week

The scale of the weekly net inflow into broad-based funds points to institutional or state-linked buying rather than retail rotation, since broad-based vehicles are the preferred channel for such support. That matters for how the pullback is being absorbed: the bid is concentrated in index exposure, not single names or sectors. Whether the inflow pace holds once valuations recover, and whether trading volume stays elevated, is the open question for gauging if this is durable positioning or a one-off intervention.