According to Eric Balchunas, China’s State Administration of Foreign Exchange, known as SAFE, allocates foreign investment access that underpins vehicles like the Xtrackers Harvest CSI 300 China A-Shares ETF ASHR, so shifts at SAFE can directly impact ASHR capacity and short-term price action. Source: Eric Balchunas on X, Oct 20, 2025. ASHR originally accessed onshore A-shares via the RQFII program under SAFE oversight, which historically constrained inflows when quota capacity was tight. Source: DWS Xtrackers ASHR prospectus filed with the SEC EDGAR. In September 2019, SAFE removed aggregate QFII and RQFII quota limits while retaining registration, FX conversion, and repatriation oversight, keeping SAFE announcements a key catalyst for the pace of inflows and ETF liquidity. Source: State Administration of Foreign Exchange notice dated Sept 10, 2019. When access frictions rise, authorized participant activity can slow and ASHR can trade at wider premiums or discounts to NAV, creating short-term trading setups around creations, redemptions, and CSI 300 rebalance flows. Source: DWS Xtrackers ASHR prospectus risk factors filed with the SEC EDGAR. For crypto traders, changes in China equity access and regional risk sentiment can spill over to digital assets due to the strengthened stock and crypto correlation since 2020. Source: International Monetary Fund research blog Crypto Prices Move More in Sync With Stocks, Jan 2022.