中央汇金扫货路线图曝光

Core Viewpoint - Central Huijin Investment has significantly increased its holdings in ETFs, reflecting a bullish outlook on the A-share market and a strategy to stabilize market sentiment [2][11][13]. Group 1: Investment Trends - As of June 30, Central Huijin Investment and its subsidiary held a total of 1.28 trillion yuan in stock ETFs, marking a nearly 23% increase from the end of the previous year [2][5]. - Central Huijin Asset Management increased its holdings in 12 ETF products, spending over 210 billion yuan in the first half of the year [2][8]. - The total market value of A-share ETFs held by the "national team" reached approximately 1.30 trillion yuan, an increase of over 200 billion yuan, or about 20%, since the beginning of the year [2][11]. Group 2: Specific ETF Holdings - Central Huijin Investment held 3,756.34 billion units of stock ETFs by June 30, up 21.23% from 3,098.41 billion units at the end of the previous year [5][6]. - The top five ETFs held by Central Huijin Investment include Huatai-PB CSI 300 ETF (142.06 billion yuan) and E Fund CSI 300 ETF (106.55 billion yuan) [6][8]. - Central Huijin Asset Management maintained its presence among the top ten holders of 15 ETFs, with a total holding of 1,785.14 billion units valued at 612.35 billion yuan [6][8]. Group 3: Future Outlook - Industry insiders suggest that the "national team" will continue to focus on a dual strategy of "blue-chip + growth," maintaining investments in broad-based ETFs like CSI 300 while increasing allocations to growth-oriented ETFs [3][14]. - There is speculation that as the market rises, the "national team" may reduce or exit some ETF positions, prompting investors to focus on underappreciated technology growth stocks and domestic demand-related stocks [3][15][16].