Chinese ETF Market Explodes With 5X Increase In Inflows Over 3 Years Despite Some Ceasing Operations In US
Chinese ETF Market Explodes With 5X Increase In Inflows Over 3 Years Despite Some Ceasing Operations In US
The Chinese exchange-traded funds (ETFs) market has seen a fivefold increase in investments over the past three years
在過去三年裏，中國交易所交易基金（ETF）市場的投資增長了五倍。
What Happened: As per Morningstar, the inflow into Chinese ETFs has experienced "staggering" growth, consistently reaching new highs over the last five years, CNBC reported on Tuesday. Wanda Wang, Morningstar's Research Manager, mentioned that the annual inflows to China ETFs surged almost fivefold in the past three years.
據CNBC週二報道，根據晨星公司的消息，中國ETFs的流入經歷了“驚人”的增長，在過去五年中不斷創下新高。晨星公司的研究經理王婉達表示，過去三年裏，中國ETF的年流入額增長了近五倍。
Data from the American financial services firm shows that the total yearly inflows to Chinese ETFs swelled from 127.2 billion yuan ($17.49 billion) in 2021, to 387.2 billion yuan ($53.2 billion) in 2022. In 2023, this figure hit 604.3 billion yuan ($83.05 billion).
美國金融服務公司的數據顯示，中國ETFs的年度總流入額從2021年的1272億元（1749億美元）增至2022年的3872億元（532億美元）。到2023年，這個數字達到了6043億元（830.5億美元）。
By the end of 2023, the total assets under management (AUM) of ETFs in China more than doubled that at the end of 2020, reaching 1.82 trillion yuan ($250 billion).
到2023年底，中國ETF的總管理資產規模超過2020年底的兩倍，達到1.82萬億元（2500億美元）。
"The growth of the Chinese ETF market over the past few years is explosive," Wang said.
王婉達表示：“中國ETF市場在過去幾年的增長是爆炸性的。”
Despite the volatility, the ETF market in China tends to be concentrated in leading providers like China Asset Management, E Fund Management and Huatai-PineBridge, which are the three largest ETF providers by AUM, Morningstar noted.
儘管波動性較大，但中國ETF市場往往集中在中銀基金、易方達基金和華泰永泰基金這些領先的供應商手中，這三家公司是管理資產規模最大的ETF供應商。晨星指出。
Why It Matters: This surge in Chinese ETFs comes despite a record number of U.S.-listed China-focused ETFs closing down in 2024 due to growing investor concerns about the world's second-largest economy. According to data from Morningstar Direct, 13 U.S.-listed China ETFs ceased operations in the first quarter of 2024 alone.
儘管有越來越多的美國上市的中國ETF由於投資者對世界第二大經濟體的擔憂而關閉，在2024年第一季度，共有13只美國上市的中國ETF停止運營，但中國ETF的激增並未受到影響。據晨星公司的數據顯示。
Chinese stocks had witnessed a significant rally in the first part of the year, reviving investor bets on a more serious and robust recovery. The SSE Composite Index, which includes all stocks listed on the Shanghai Stock Exchange, reached its highest level since September 2023, showcasing a rally of about 19% from the lows in 2024.
中國股票在年初經歷重大反彈，重新激發了投資者對更嚴重、更強大的復甦的押注。包括上海證券交易所所有上市股票的上證指數從2024年的低點反彈了約19%，達到了自2023年9月以來的最高水平。
Price Action: On Wednesday's pre-market, the KraneShares Trust KraneShares CSI China Internet ETF (NYSE:KWEB) was trading 0.75% lower at $27.83 after it closed at $28.05 on Tuesday. The iShares MSCI China ETF (NASDAQ:MCHI) was trading at $42.56 during the same time after it closed at $42.87 on Tuesday. The iShares China Large-Cap ETF (NYSE:FXI) closed at $26.25 on Tuesday and was trading 0.79% lower at $26.29. The Franklin FTSE China ETF (NYSE:FLCH) closed at $16.82 on Tuesday.
價格行動：在週三的盤前交易中，KWEB（紐交所:KWEB）以27.83美元的價格交易，比周二的28.05美元下跌了0.75%。同一時間，MSCI中國ETF（納斯達克:MCHI）在報價42.56美元，週二收盤價爲42.87美元。iShares中國大型股票ETF（紐交所:FXI）週二收盤價爲26.25美元，盤前交易中下跌了0.79%。富蘭克林FTSE中國ETF（紐交所:FLCH）週二收盤價爲16.82美元。
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Photo courtesy: Shutterstock
圖片來源：shutterstock
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本報道使用Benzinga Neuro生成，並由Pooja Rajkumari編輯
譯文內容由第三人軟體翻譯。