--- title: "Treasury bond repurchase + buying corporate bond ETF Ping An combination arbitrage enjoys double returns, corporate bond ETF Ping An has a net inflow of 188 million yuan in the past 5 trading days" type: "News" locale: "en" url: "https://longbridge.com/en/news/281449922.md" description: "Government bond repurchase and corporate bond ETF Ping An combination arbitrage, enjoying double returns. The corporate bond ETF Ping An has seen a net inflow of 188 million yuan in the past 5 trading days, with the latest quote at 107.4 yuan, and a cumulative increase of 1.14% over the past six months. In terms of liquidity, the average daily trading volume is 2.702 billion yuan, with a scale of 36.683 billion yuan. The financing purchase amount is 6.6907 million yuan, and the financing balance is 5.7275 million yuan. The management fee rate is 0.15%, and the custody fee rate is 0.05%. This ETF closely tracks the ChinaBond - Medium-High Grade Corporate Bonds Spread Factor Index" datetime: "2026-04-02T01:49:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281449922.md) - [en](https://longbridge.com/en/news/281449922.md) - [zh-HK](https://longbridge.com/zh-HK/news/281449922.md) --- # Treasury bond repurchase + buying corporate bond ETF Ping An combination arbitrage enjoys double returns, corporate bond ETF Ping An has a net inflow of 188 million yuan in the past 5 trading days Today is the second-to-last day before the Qingming Festival. For those who are unwilling to hold stocks over the holiday, you can repurchase the Shanghai Stock Exchange bond 204001 today, and after the repurchase matures tomorrow, buy the corporate bond ETF Ping An (511030) to enjoy double coupon income during the holiday. As of 15:00 on April 1, 2026, the corporate bond ETF Ping An (511030) is in a tug-of-war between bulls and bears, with the latest quote at 107.4 yuan. Looking at a longer time frame, as of April 1, 2026, the corporate bond ETF Ping An has increased by 1.14% over the past six months. In terms of liquidity, the corporate bond ETF Ping An had a turnover rate of 6.74% during the day, with a transaction volume of 2.471 billion yuan. Looking at a longer time frame, as of April 1, the average daily transaction volume of the corporate bond ETF Ping An over the past month was 2.702 billion yuan. In terms of scale, the latest scale of the corporate bond ETF Ping An reached 36.683 billion yuan, setting a new high in nearly a year. (Data source: Wind) In terms of fund inflow, the latest fund inflow and outflow for the corporate bond ETF Ping An are balanced. Looking at a longer time frame, there have been net fund inflows on 3 out of the last 5 trading days, totaling 188 million yuan, with an average daily net inflow of 37.5949 million yuan. (Data source: Wind) Data shows that leveraged funds continue to position themselves. The latest financing purchase amount for the corporate bond ETF Ping An reached 6.6907 million yuan, with the latest financing balance at 5.7275 million yuan. (Data source: Wind) As of March 27, 2026, the Sharpe ratio of the corporate bond ETF Ping An over the past month is 1.39. In terms of drawdown, as of April 1, 2026, the maximum drawdown for the corporate bond ETF Ping An this year is 0.03%, with a relative benchmark drawdown of 0.07%. The recovery days after the drawdown are 7 days. In terms of fees, the management fee rate for the corporate bond ETF Ping An is 0.15%, and the custody fee rate is 0.05%. In terms of tracking accuracy, as of April 1, 2026, the tracking error of the corporate bond ETF Ping An over the past 3 months is 0.009%. The corporate bond ETF Ping An closely tracks the ChinaBond - Medium-High Grade Corporate Bond Spread Factor Index (net price index), which reflects the trends in the RMB bond market from multiple angles. This index is based on corporate bonds rated AAA by the Shanghai Stock Exchange and is divided into three groups according to the implied ratings in the ChinaBond market, further segmented by spread factors, serving as a performance benchmark and investment target for medium-high grade corporate bonds. The wealth index code for the ChinaBond - Medium-High Grade Corporate Bond Spread Factor Index is CBC00701, with a base date of June 30, 2015, and a basis point value of 100, including sub-indices for maturity segments, with index component adjustments made on the first interbank market working day of each quarter Risk Warning: Funds carry risks, and investment requires caution. The fund manager promises to manage and utilize fund assets based on the principles of honesty, credit, diligence, and responsibility, but does not guarantee that this fund will definitely make a profit, nor does it guarantee a minimum return. The fund manager reminds investors of the "buyer bears the risk" principle in fund investment. After making an investment decision, the investment risks arising from the fund's operational status and changes in net asset value are borne by the investors themselves. The past performance of the fund and its net asset value do not indicate its future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Investors purchasing funds may share in the profits generated by the fund's investments according to their held shares, but they may also bear the losses arising from the fund's investments. Investors should carefully read the "Fund Contract," "Prospectus," and other legal documents related to the fund to fully understand the risk-return characteristics and product features of this fund, and judge whether the fund aligns with the investor's risk tolerance based on their investment objectives, investment horizon, investment experience, asset status, etc., rationally assess the market, and make investment decisions cautiously. The relevant information in this material comes from publicly available sources deemed reliable by the fund manager, and the related opinions, assessments, and forecasts reflect current judgments, which may change in the future. Any market opinions contained in this material are based on corresponding assumptions, and any assumptions may change at any time. The fund manager does not promise or guarantee that any predictive market opinions will necessarily be realized. The individual stocks mentioned in the material do not constitute investment recommendations or advice. 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