(Yicai Global) Nov. 5 -- Chinese investors moved a record net CNY42.5 billion (USD6.2 billion) last month into 145 exchange-traded funds that track Chinese equities.

The ETFs saw net buying of 22.8 billion shares in October, the Securities Times reported. Two of the funds, the China Asset Management Shanghai Stock Exchange 50 and Huatai Securities Bairui CSI 300, both pulled in more than CNY9 billion, the report added.

State-owned China Securities Finance and Central Huijin Investment, the domestic arm of China's sovereign wealth fund, pumped money into the Shanghai Stock Exchange 50, China Security Index 300, China Security Index 100 and a host of other ETFs, according to the report.

These institutions are injecting money into the market to inspire investor confidence while the country's financial regulators look to bolster market sentiment through reforms and policy support, the report said.

China's stock markets showed signs of a rebound over the past month. The Shanghai Composite Index, Shenzhen Component Index and ChiNext Price Index, which tracks Shenzhen's board for fast-growing enterprises, bottomed out on Oct. 18 but climbed back to three-week highs at the end of last week.

Northbound net purchases to the mainland from Hong Kong via the Shanghai and Shenzhen stock links also hit a record-high CNY17.4 billion last month, the most since the Shanghai scheme began in November 2014. Almost two thirds of the purchases came via Shanghai.

Editor: James Boynton