China Bond ETF Turnover Hits Record 340.7B Yuan; Short-Term Financing ETF Leads

Record turnover concentrated in short-term financing and corporate bond ETFs points to active positioning in the shorter, higher-quality end of the curve rather than broad duration risk-taking. The repeated record in the corporate bond fund suggests sustained two-way flows rather than a one-off spike. The sci-tech bond ETFs drawing notable volume alongside the larger funds indicates credit-focused exposure is also in play. Whether this concentration persists, or rotates further out the curve, is the open question.