Confidence low that equity rally will last

Exchange-traded fund investors are showing little confidence that the world-beating rally in China's domestic stock market will last.

Traders pulled about $845 million from the CSOP FTSE China A50 ETF in the two weeks through to Friday, the biggest outflow since the $5.7 billion fund was started in 2012, according to data compiled by Bloomberg.

The $9.7 billion iShares FTSE A50 China Index ETF lost $585 million last week, the most since 2009, as the Shanghai Composite Index rose to a three-year high.