Honestly, the national team really got to work today.
Broad-based ETFs saw total turnover of over 170 billion yuan.
Among them, the E Fund ChiNext ETF traded over 19 billion yuan throughout the day, and the ChinaAMC SSE 50 ETF over 12.8 billion yuan;
the ChinaAMC STAR 50 ETF traded over 22 billion yuan, and the Huatai-PineBridge CSI 300 ETF over 19 billion yuan.
Volumes this massive have not been seen since the “9/24 rally” in 2024, and they managed to pull the indexes back up a bit in the afternoon.
On top of that, there are reports that the authorities will suspend listings and share issuances. It looks like they’ve had no choice but to roll out a string of measures.
So, should we be feeling optimistic?
Broad-based ETFs saw total turnover of over 170 billion yuan.
Among them, the E Fund ChiNext ETF traded over 19 billion yuan throughout the day, and the ChinaAMC SSE 50 ETF over 12.8 billion yuan;
the ChinaAMC STAR 50 ETF traded over 22 billion yuan, and the Huatai-PineBridge CSI 300 ETF over 19 billion yuan.
Volumes this massive have not been seen since the “9/24 rally” in 2024, and they managed to pull the indexes back up a bit in the afternoon.
On top of that, there are reports that the authorities will suspend listings and share issuances. It looks like they’ve had no choice but to roll out a string of measures.
So, should we be feeling optimistic?
