Shanghai and Shenzhen A-share turnover totals 1.66 trillion yuan

Turnover at this scale signals that liquidity is concentrated in the mainland cash equity market, with Shenzhen outpacing Shanghai and ChiNext alone accounting for a meaningful slice of activity. For crypto and RWA desks, the read-through is indirect but relevant: sustained high A-share volumes can pull retail and institutional risk appetite toward domestic equities rather than tokenized or offshore crypto exposure. Whether this turnover level holds, and whether ChiNext's share keeps growing, is the open question worth tracking as a gauge of regional risk sentiment.