Penghua's 5-year local-government bond ETF (ticker 159972) reached CNY10.033
billion in assets as of Nov 9, 2026, Wind data show. Penghua Fund's cash
investment department said the bond market has recently stabilized but spillover
from some credit-risk events has created signs of liquidity stress. Following
recent rate adjustments, spreads on short-to-medium-maturity local-government
bonds and other rate products have improved and now offer investment value, the
team said.
