Shanghai and Shenzhen A-share turnover totals 1.66 trillion yuan

Turnover at this level is a liquidity signal rather than a directional one, and the split matters: Shenzhen out-traded Shanghai, with ChiNext alone accounting for a substantial slice of the total. That skew suggests activity is concentrated in growth-oriented listings rather than the broader main boards, which is where speculative appetite tends to show up first. Whether the Shenzhen and ChiNext share of overall volume keeps expanding relative to Shanghai is the open question worth tracking.