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Latest China Stock Craze Sees ETF Draw $2 Billion in Eight Days

  • Inflows into 5G fund remind some of 2015’s tech-led bubble
  • Authorities may take steps to prevent possible overheating

A Chinese exchange-traded fund investing in 5G has drawn $2 billion in cash in less than two weeks, the latest sign of speculative activity buoying the nation’s shares.

The amount accounts for 80% of the funds the China AMC CSI 5G Communications Theme ETF has attracted since October’s launch, and makes the offering the most popular ETF in China in the past year, according to data compiled by Bloomberg. The fund tracks the CSI 5G Communication Index, which has jumped 25% this year.