China's spot gold ETF overtakes stock fund to become country's largest
A Chinese spot gold ETF has overtaken the Huatai-PineBridge CSI 300 ETF to become the largest exchange-traded fund in China. The shift reflects a significant pullback by state-backed investors — the so-called "national team" — from propping up the stock market. Investors are increasingly moving capital into safe-haven assets like gold.
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