Core Viewpoint - Central Huijin has repeatedly expressed support for the A-share market, indicating a commitment to stabilize and enhance market confidence through strategic investments in ETFs and major banks [1][2]. Group 1: Central Huijin's Actions - On October 11, 2023, Central Huijin announced it had increased its holdings in A-shares of major banks and plans to continue this strategy over the next six months [1]. - On October 23, 2023, Central Huijin stated it had purchased ETFs and would continue to increase its investments [1]. - By February 6, 2024, Central Huijin expanded its ETF investment scope and committed to increasing its buying efforts to maintain market stability [1]. Group 2: Market Impact - Central Huijin's interventions have interrupted the negative expectations that had developed in the A-share market since May 2023, leading to a stabilization of market sentiment [1]. - The actions of Central Huijin have contributed to the valuation recovery of A-share value sectors and have acted as a stabilizing force during periods of increased market volatility [2]. - The firm has become a key player in providing liquidity during times of risk, promoting a trend towards value and long-term investment among A-share investors [2]. Group 3: Future Outlook - The current market conditions suggest that the pessimistic expectations are no longer relevant, and the fundamental pressures are being quickly reflected in stock prices [2]. - The market is expected to reach a point that reflects long-term positive factors, indicating a potential for recovery and growth [2].
申万宏源傅静涛:中央汇金积极发挥平准基金功能 A股市场反映长期积极因素正当时