Star 50 ETF Sees Record $2B Inflow, Index Surges 11%

China's largest tech-focused fund, the Star 50 ETF, registered a record $2.0 billion in net inflows on Monday, doubling the previous record set in December 2020. The buying spree pushed the underlying Star 50 index up 11% on Tuesday, its biggest one-day gain in nearly two years.

The surge followed a 17% decline last week, as investors unwound leveraged positions by the largest amount since the 2015–2016 equity market crash. China's "National Team" ETFs have attracted over $10.0 billion in inflows over the last three trading sessions, the most since April 2025.

At least five of China's largest insurers have pledged to boost stock market investments. China Life alone purchased more than $1.5 billion in stocks and funds. The data suggests persistent dip-buying appetite among Chinese investors.