委托投资2.4万亿元！一季度重仓股曝光

Core Insights - The core viewpoint of the article highlights the steady growth of China's basic pension insurance fund, which has reached a delegated investment scale of 2.4 trillion yuan as of March 2025, and its significant presence in the top ten circulating shareholders of 185 listed companies [1][2][3]. Investment Scale and Growth - As of March 2025, the delegated investment scale of the national basic pension insurance fund has reached 2.4 trillion yuan, showing a steady growth trend from 1.9 trillion yuan in September 2024 to 2.3 trillion yuan by December 2024 [3]. - The Ministry of Human Resources and Social Security (MoHRSS) plans to continue promoting the value preservation and appreciation of the fund, optimizing fund supervision and management, and encouraging local expansions of enterprise employee pension fund delegated investment [3][12]. Presence in Listed Companies - The basic pension insurance fund has appeared in the top ten circulating shareholders of 185 A-share listed companies, with a total holding of 1.749 billion shares valued at 32.52 billion yuan as of April 30, 2025 [5][6]. - The company with the largest shareholding is Chengjian Development, holding 97.37 million shares, followed by Zhejiang Chint Electric with 72.23 million shares [5][6]. Performance of Key Holdings - Notable companies in which the pension fund has significant holdings include Chint Electric, with a market value of 1.701 billion yuan, and Spring Power, with a market value of 1.256 billion yuan [5][6]. - The first quarter of 2025 saw strong performance from key holdings, with Spring Power reporting a revenue of 4.25 billion yuan (up 38.86% year-on-year) and a net profit of 415 million yuan (up 49.60% year-on-year) [7]. New Investments - In the first quarter of 2025, the pension fund entered 49 new stocks, with significant holdings in Zhejiang Longsheng, Hongfa Technology, and others, each exceeding 10 million shares [9][10]. - The market value of new investments includes Hongfa Technology at 617 million yuan and Yuyue Medical at 352 million yuan [10][11]. Future Directions - The MoHRSS aims to deepen reforms, including the gradual increase of the statutory retirement age and the expansion of enterprise annuity coverage [3]. - The implementation plan issued by the central financial office encourages the pension fund to increase its market presence, enhancing its role as a stabilizer in the capital market [12].