Jiemian News reported that insurance funds have net bought 1.04 trillion yuan of ultra-long bonds since the start of 2026, 150 billion yuan more than a year earlier. Fund managers bought 371.5 billion yuan, while wealth managers, pension and social security funds bought 300 billion yuan. The article said ultra-long bond issuance in 2026 is expected to reach about 5.4 trillion yuan, while demand is forecast at 1.9 trillion yuan from insurers, 2.5 trillion yuan from banks' proprietary trading desks, 200 billion yuan from wealth management products, and 400 billion yuan from funds, with brokers and pension-related accounts absorbing the remainder.
The article also said China Ping An Bond ETF (511020) rose 0.03% to 117.85 yuan as of 3:00 p.m. on August 4, 2026, extending its winning streak to four sessions. According to Jiemian News, the ETF was up 1.73% over the past six months, traded at a 4.7% turnover rate with 191 million yuan of turnover, and had average daily turnover of 1.038 billion yuan over the past month. The fund’s latest size was 4.067 billion yuan, with a net outflow of 23.5686 million yuan in the latest reading and 193 million yuan of net inflows over the past five trading days.