China’s Public and Private Funds Buy Over 2B Yuan of Own Products in October

Cointime reports: Public mutual funds in China bought more than 2 billion yuan ($280 million) of their own products in October, with active ETFs serving as a key vehicle, as fund houses moved to signal confidence in the domestic capital market. Billion-yuan private funds including China Europe Ruibo and Kaifeng Investment also purchased their own equity products. Industry participants said the purchases dovetail with recent market-stabilization measures, reinforcing the market’s internal stability mechanism.