In the past 8 trading days, the net outflow of stock ETFs amounted to nearly 500 billion yuan. Market turnover may be the core consideration behind this.

In the volatile market of the past two weeks, the trading volume of stock ETFs continued to increase, with the trading volume of some broad-based ETFs reaching new highs since their listing. In terms of fund flows, broad-based ETFs have experienced large redemptions, with the net outflow of stock ETFs approaching 500 billion yuan in the past 8 trading days. In terms of changes in shares, the latest shares of several broad-based ETFs are already lower than the shares held by Central Huijin Investment Ltd. by the end of 2025.