| Chinese ETFs tracking new CSI 2000 index underperform in IPOs
October 2, 2023--In a recent development, eight Chinese Exchange-Traded Funds (ETFs) tracking the newly launched CSI 2000 index have shown disappointing performance. Despite the anticipation that the index would stimulate domestic equities, these ETFs managed to raise an average of RMB574 million ($78.5 million) each in their initial public offerings (IPOs), falling short of the RMB668 million September average for all ETFs. |
| Leading the pack were China Universal Asset Management, E Fund, and Guotai Asset Management with RMB1.2 billion, RMB812 million, and RMB600 million, respectively. However, Huatai-PineBridge, Harvest Fund Management, and GF Fund Management lagged behind. Other underperformers included China Asset Management, China Southern Fund Management, and Fullgoal Asset Management. |
| China economic database update November 17, 2025-The monthly update of the China Economic Database highlights a consistent trend of decreasing fixed asset investment in China, including in the real estate sector which shows no signs of bottoming out. This update incorporates data published today by China's National Bureau of Statistic. |