Shanghai and Shenzhen Markets Post Combined Turnover of 1.41 Trillion Yuan

Turnover of this scale signals that liquidity remains concentrated in China's onshore equity market even as crypto and RWA venues compete for the same risk capital. The Shenzhen-ChiNext skew is the telling detail: growth and tech-heavy names are drawing the bulk of activity, which is the segment most likely to overlap with tokenized-equity and RWA narratives. Whether that domestic risk appetite persists, and whether it stays walled off from offshore digital-asset markets, is the open question worth tracking.