A500 and CSI 300 ETFs See Afternoon Volume Surge, Turnover Tops 5B Yuan

The signal here is the concentration of activity in two broad-based vehicles rather than the turnover figure itself, suggesting flows are moving at the index level rather than into narrower themes. That matters most for allocators using these ETFs as core exposure, where heavier afternoon volume can reflect repositioning around the session's close. Whether the pickup reflects durable demand or a one-session shift in positioning is the open question, and the next session's volume will be the tell.