Central Huijin Investment Co., Ltd. is a sovereign wealth enterprise of the China Investment Corporation (CIC). On October 23, 2023, Central Huijin bought exchange-traded funds expanding its purchases beyond bank shares. The SWE purchased an undisclosed number of ETFs and vowed to keep increasing its holdings, it said in a brief statement. China is considering…
Central Huijin rarely increases its holdings in the four major banks, what signals does it release?. Analysts here said that Central Huij in's rare move is conducive to boosting market confidence, accelerating the establishment of the market bottom, and catalyzing the financial sector. The recent performance of A-shares is relatively weak and confidence is insufficient, and this increase will boost market sentiment and stabilizing market expectations. The increase in the national team's holdings in history is a landmark event for the market to build a medium-term bottom.