China's ETF Market Booms and Sees Accelerating Concentration Among Top Players

China’s exchange-traded fund (ETF) market is experiencing unprecedented growth. As of August 27, the market comprised 1,279 ETFs, with a total market value soaring to RMB 5.01 trillion (US$704.3 billion) — a dramatic increase from the RMB 1 trillion in 2020 — passing the RMB 5 trillion milestone. Earlier in July, China overtook Japan to become the largest ETF market in the Asia-Pacific region, demonstrating its potential to offer foreign investors international diversification and substantial portfolio returns.