On May 6th, based on the ETF redemption situation in the first four months of this year, April 7th became a watershed for fund redemption. According to estimates, as of April 6th this year, equity ETFs have been net redeemed by nearly 40 billion yuan. On April 7th, long-term funds such as Central Huijin, China Chengtong, and China Guoxin announced an increase in their holdings of ETFs. On the same day, tens of billions of yuan of funds flooded in, causing a major reversal in the funding situation. ETFs have become one of the most important sources of incremental funds in the market. Since then, funds have continued to pour in, resulting in a significant increase in the net subscription amount of equity ETFs since the beginning of this year. Overall, as of the end of April this year, the net subscription amount of equity ETFs has totaled 172.431 billion yuan (Shanghai Stock Exchange News)
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