中央汇金，继续坚定持有

Core Insights - Central Huijin Asset Management and Central Huijin Investment maintained their holdings in several leading broad-based ETFs during Q3, indicating a strong commitment to these investments [1][2][6] - Notable adjustments were observed among some institutional investors, with Huaxia Fund's proprietary account completely liquidating its position in the Huaxia Hang Seng China Enterprises High Dividend ETF [7][8] - China Life Insurance reduced its holdings in multiple STAR Market ETFs, reflecting a strategic shift in its investment approach [11] Central Huijin's ETF Holdings - Central Huijin Asset Management held 37.86 billion shares of the Huatai-PineBridge CSI 300 ETF, while Central Huijin Investment held 35.65 billion shares, with both figures remaining unchanged from the previous quarter [2][5] - The total holdings in various ETFs, including the E Fund CSI 300 ETF and Huaxia CSI 500 ETF, also remained stable during Q3, suggesting a consistent investment strategy [6] Institutional Adjustments - Huaxia Fund's proprietary account, previously the largest holder of the Huaxia Hang Seng China Enterprises High Dividend ETF with 8.06 million shares (19.35% of total), completely exited this position in Q3 [8][10] - China Life Insurance's significant reductions in holdings of STAR Market ETFs included a drop from 753 million shares to 480 million shares in the Huaxia STAR Market 100 ETF, and from 1.23 billion shares to 679 million shares in the Bosera STAR Market 100 ETF [11]