China ETFs See Inflows Top 2015, Suggesting State Rescue

Record inflows into a handful of key Chinese exchange traded funds suggest state-led funds have sprung into action to buffer the stock market plunge.

The Huatai-Pinebridge CSI 300, E Fund CSI 300, China AMC CSI 300, Harvest CSI 300 and China AMC SSE 50 ETF together saw 128.5 billion yuan ($17.9 billion) of inflows so far in January, more than five times the aggregate amount seen in July 2015, when the so-called “national team” jumped in to stem a rout.