ETFs traded by China’s ‘national team’ reportedly draw most inflows since April 2025

Bloomberg reports that nine ETFs known for trading by China’s state-backed “national team” drew 128.7 billion yuan ($19 billion) in inflows last week, the most since nearly 140 billion yuan flowed in during April 2025. Bloomberg described state-led buying amid efforts to stem a market freefall, but the inflow figure does not establish how much particular state funds purchased.