| The four biggest exchange-traded funds (ETFs) on the Shanghai Stock Exchange attracted nearly 10 billion yuan ($1.6 billion) worth of subscriptions on Monday, when major indexes slumped more than 3 percent.
The huge single-day money flows into ETFs tracking China's key indexes triggered speculation that state-backed institutions were stepping into the market to prop up shares of blue chips amid the market's recent sell-off. Intensive subscriptions were seen on Monday for the four major ETFs - China AMC 50 ETF, Huatai-PB CSI300 ETF , China AMC CSI300 ETF and Hua An Shanghai 180 ETF, exchange data showed...............................................Full Article: Source
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