2 1 Shi Ji Jing Ji Bao Dao·2025-11-04 14:55Core Insights - The "national team" has heavily invested in over 222 A-share stocks, with a total market value approaching 4 trillion yuan, primarily favoring financial stocks [2][5] - The top three holdings by the "national team" are Agricultural Bank of China, Bank of China, and Industrial and Commercial Bank of China, with respective market values of 1.03 trillion yuan, 967.73 billion yuan, and 930.27 billion yuan [4][5] - The total market value of the "national team's" holdings increased to 3.911 trillion yuan by the end of Q3, with financial stocks contributing significantly to this growth [5][6] Financial Sector Focus - The "national team" maintains a strong preference for financial stocks, with 9 out of the top 10 holdings being from this sector, accounting for over 83.9% of the total market value of their top holdings [5][6] - The Agricultural Bank of China saw a 23.52% increase in stock price during Q3, contributing over 180 billion yuan in floating profits for the "national team" [5] Investment in Emerging Sectors - In addition to financial stocks, the "national team" is diversifying into sectors such as AI, semiconductors, and renewable energy, aligning with national strategic goals [5][6] - Notable technology stocks in the "national team's" portfolio include Ultrasonic Electronics, Puxin Co., and Micron Technology, indicating a shift towards innovation-driven investments [5] ETF Investments - The "national team" has also increased its investment in ETFs, with a total holding of A-share ETFs exceeding 40% of the total ETF market size by the end of Q3 [9] - Central Huijin Investment has emerged as a significant player in the ETF market, holding substantial stakes in multiple ETFs, which has contributed to market stabilization [8][9] Performance of Specific ETFs - Key ETFs held by the "national team" have shown significant floating profits, with the Huatai-PineBridge CSI 300 ETF gaining over 55 billion yuan in Q3 [10] - The technology-focused ETFs, such as the Huaxia CSI 5G Communication Theme ETF, experienced remarkable growth, with a quarterly increase exceeding 80% [10]