China National Team ETFs Jump Ahead of Third Plenum Readout
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China’s stock markets staged a mid-morning rebound on Thursday, coinciding with increased activity in several exchange-traded funds that the so-called national team is known to favor.
Turnover in passive funds linked to China’s benchmark CSI 300 jumped, with the E Fund ChiNext Price Index ETF and Harvest CSI 300 ETF seeing above-normal trading. Volumes among the slate of instruments, including the E Fund CSI 300 ETF, were up to three times their three-month averages.