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The inflow of funds into Chinese exchange-traded funds (ETFs), used by Beijing to support the market, reached $11.5 billion on Tuesday, the Financial Times writes. This is the second highest daily volume in history, according to Bloomberg. Most of the government purchases came from the technology indices Kochav 50 and ChiNext in the authorities' attempt to restore investor confidence in the sector. Against this background, on Wednesday these indicators rose by 9.9% and 6.4%, respectively.

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The inflow of funds into Chinese exchange-traded funds (ETFs), used by Beijing to support the market, reached $11.5 billion on Tuesday, the Financial Times writes. This is the second highest daily volume in history, according to Bloomberg. Most of the government purchases came from the technology indices Kochav 50 and ChiNext in the authorities' attempt to restore investor confidence in the sector. Against this background, on Wednesday these indicators rose by 9.9% and 6.4%, respectively.

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