STAR Market ETFs Reach RMB 340 Billion, Over 21% of Shanghai Stock ETFs

The striking detail is the divergence between price action and flows: STAR Market ETFs kept absorbing capital even as the market pulled back, and the concentration of that money in STAR 50-linked products suggests positioning is increasingly benchmark-driven rather than stock-specific. The jump in share of Shanghai equity ETF assets shows how quickly passive exposure to this board has become a mainstream allocation. Whether the left-side bid persists if the pullback deepens is the open question, and whether inflows stay concentrated in the flagship index or broaden across the 134 funds is worth watching.