Heavy positive news! Central Huijin significantly increases its holdings
2024-09-02
As of the evening of August 30th, Huatai Bairui Fund, E Fund, Huaxia Fund, Southern Fund, Jiashi Fund, Guangfa Fund, Tianhong Fund, ICBC Credit Suisse Fund and other broad-based ETFs have all disclosed their 2024 interim reports. Comparing with the 2023 annual report, it can be found that in the first half of this year, Central Huijin Investment Co., Ltd. (referred to as "Central Huijin") has significantly increased its investment in broad-based ETF varieties. In addition to traditional broad-based funds such as the CSI 300 ETF, SSE 50 ETF, and CSI 500 ETF, Central Huijin has also recently purchased other broad-based funds such as the ChiNext ETF, SSE Science and Technology Innovation Board 50 ETF, and CSI 1000 ETF. On the basis of continuing to increase holdings of top broad-based ETFs by the end of 2023, Central Huijin continued to significantly increase its holdings of top broad-based ETFs in the first half of this year. According to Wind data, in the first half of the year, Central Huijin increased its holdings of 48.589 billion shares of E Fund Shanghai and Shenzhen 300 ETF, 29.407 billion shares of Huatai Bairui Shanghai and Shenzhen 300 ETF, 18.044 billion shares of Huaxia Shanghai and Shenzhen 300 ETF, 16.862 billion shares of Jiashi Shanghai and Shenzhen 300 ETF, 16.431 billion shares of Huaxia Shanghai 50 ETF, and 6.255 billion shares of Southern CSI 500 ETF. Based on the net asset value of fund shares, as of the end of the second quarter, Central Huijin held 124.338 billion yuan of Huatai Bairui CSI 300 ETF, 93.34 billion yuan of Yifangda CSI 300 ETF, 74.652 billion yuan of Huaxia CSI 300 ETF, 70.811 billion yuan of Jiashi CSI 300 ETF, 70.309 billion yuan of Huaxia SSE 50 ETF, and 41.189 billion yuan of Southern CSI 500 ETF, with a cumulative size exceeding 470 billion yuan, an increase of more than four times compared to the beginning of the year. In addition to the top broad-based ETFs such as the CSI 300 ETF, SSE 50 ETF, and CSI 500 ETF, Central Huijin also made new purchases of other broad-based ETFs such as the ChiNext ETF, SSE Sci Tech Innovation Board 50 ETF, and CSI 1000 ETF in the first half of the year. Specifically, the broad-based products newly purchased by Central Huijin include: the ChiNext ETF under E Fund, Guangfa Fund, and Tianhong Fund, the CSI 1000 ETF under Southern Fund, Huaxia Fund, Guangfa Fund, and Fuguo Fund, the CSI 50 ETF under E Fund and ICBC Credit Suisse Fund, the CSI 500 ETF under Huaxia Fund and Jiashi Fund, and the E Fund Shanghai 50 ETF. According to the net asset value of fund shares at the end of the second quarter, the cumulative size of Central Huijin's holdings of the above-mentioned broad-based ETFs reached 77.593 billion yuan. Among them, Central Huijin holds the E Fund Growth Enterprise Market ETF and the Southern CSI 1000 ETF with a scale of over 17 billion yuan, while holding the Huaxia CSI 1000 ETF, E Fund Shanghai Science and Technology Innovation Board 50 ETF, GF CSI 1000 ETF, and Huaxia CSI 500 ETF with a scale of over 5 billion yuan. Overall, the total size of ETFs held by Central Huijin has increased significantly from around 110 billion yuan at the beginning of the year to around 570 billion yuan at the end of the second quarter. As of the end of the second quarter, the total size of stock ETFs was approximately 1.81 trillion yuan. Based on this calculation, the ETF size held by Central Huijin accounts for about 30% of the total size of stock ETFs. Taikang Fund stated that Central Huijin's increase in ETF holdings brings incremental funds to the market; On the other hand, the announcement by Central Huijin to increase its holdings of ETFs will help boost confidence in the capital market. At the same time, various medium - and long-term funds are also expected to leverage ETFs more to layout A-share assets. From the perspective of the pace of increasing holdings, Taikang Fund stated that large funds are more inclined to increase their holdings of broad-based ETFs such as SSE 50, CSI 300, and CSI 500, which are mainly in the style of the overall market, in order to reduce market volatility and calm extreme emotions. From the perspective of increasing holdings, with the expansion of ETF holdings, some incremental funds have begun to increase their holdings of small cap style index ETFs. It can be seen that ETFs have become an important way for large funds to inject liquidity, provide incremental funds, and maintain market sentiment. (New Society)
Edit：NiChengRan Responsible editor：LiaoXin
Source：China Securities Journal
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