China ‘National Team’ โขFund โขReports $50 Billion โin Gains From Stock Market Support
Beijing – A key unit of China’s sovereign wealth fund, Central Huijin Investment Ltd., has generated paper gains exceeding $50 billion throughโฃ strategic investments in local exchange-traded funds (ETFs), according to recent analysis by Bloomberg Intelligence. This ample profit underscores the meaningful level of government intervention aimedโฃ at bolstering the country’s stock market.
Central Huijin, an affiliate of China Investment Corp. and a core component of the “National Team” – a โคgroup of state-backed investors – initiated a large-scale ETF purchasing โprogramme in 2023. Filings reveal that by the end of August, the fund heldโข approximately $180 billion in ETF assets.
This aggressive investment strategy has played a crucial role in stabilizing domestic equities, coinciding with โฃa periodโ of multi-yearโ highs in theโค Chinese stock market. The gains realized by Central Huijin demonstrate the potential effectivenessโ of state-led market support mechanisms.
| Metric | Value |
|---|---|
| Paper โGains (Centralโข Huijin) | $50+ Billion |
| ETF Holdings (as โขof Aug.31) | $180 Billion |
| Investmentโ Start Date | 2023 |