中央汇金调仓动向曝光 “中国版平准基金”持续稳市稳信心

Core Viewpoint - Central Huijin Investment Co., Ltd. plays a stabilizing role in the capital market by holding significant stakes in large banks and financial institutions, as well as broad-based ETFs, and has recently increased its investments to support market stability [1][5]. Group 1: Investment Actions - In Q1 2025, Central Huijin held shares in 152 listed companies with a total market value of 3.02 trillion yuan, primarily concentrated in the financial sector [2]. - Central Huijin has newly entered the top ten shareholders of Huatai Securities, holding 96.1452 million shares, which represents 1.32% of the circulating A-shares, with a market value of 1.59 billion yuan [2]. - The company has significantly increased its holdings in various ETFs, including E Fund CSI 300 ETF and Huatai-PineBridge CSI 300 ETF, with total increases of 5.02 billion shares and 3.63 billion shares respectively [3]. Group 2: Market Stability Role - Central Huijin's investment strategy is characterized by long investment cycles, providing confidence to the market during periods of volatility [3]. - The company is seen as a crucial force in maintaining market stability, directly injecting funds into the market and supporting expectations [3]. - The establishment of a "Chinese version of a stabilizing fund" is viewed as essential for stabilizing the capital market and enhancing investor confidence [5][6]. Group 3: Future Directions - There is a call for Central Huijin to increase its market entry scale and improve the operational mechanisms of the stabilizing fund to better stabilize investor expectations and confidence [6]. - Recommendations include establishing a clear funding source and dynamic adjustment of fund size, along with enhancing regulatory mechanisms for transparency and accountability [6].