China Bond ETFs Top 300B Yuan in Daily Turnover for Third Straight Day

The concentration is the story: a single short-term financing ETF accounts for roughly a fifth of all turnover, so headline volume reflects one product's liquidity cycle more than broad bond demand. The presence of a tech innovation bond ETF among the leaders hints at where marginal flow is being directed, though one session proves little. Whether turnover broadens beyond the dominant short-end vehicle, or fades once that churn cools, is the open question.