KraneShares CSI China Internet ETF (KWEB, Financial) recorded an unprecedented single-day inflow of $700 million as investors flock to stocks in the wake of various economic stimulus measures. Fund managers have been increasingly allocating funds to the Chinese market over the past week, indicating a continuation of this momentum.
The largest four ETFs focused on Chinese stocks have collectively attracted nearly $1.9 billion in inflows so far this week, surpassing the approximately $1.4 billion inflows recorded for the entire previous week. Among these funds, KWEB has seen the highest influx of capital.
A variety of economic stimulus measures, including relaxation of housing purchase restrictions, interest rate cuts, and liquidity support for the stock market, have driven the CSI 300 Index to its largest gain since 2008, pushing it into a technical bull market.
