China’s National Team Set to Cut ETF Stakes by 90% in First Half

China’s National Team is expected to reduce its holdings of domestic equity ETFs by about 90% in the first half of 2026, signaling a sharp pullback in official market support. The move points to weaker policy-driven demand and could weigh on sentiment toward Chinese equities and ETF flows. The article is an analysis rather than a policy announcement, so the immediate market impact is likely limited.

Analysis

China’s National Team is expected to reduce its holdings of domestic equity ETFs by about 90% in the first half of 2026, signaling a sharp pullback in official market support. The move points to weaker policy-driven demand and could weigh on sentiment toward Chinese equities and ETF flows. The article is an analysis rather than a policy announcement, so the immediate market impact is likely limited.