Core Viewpoint - The latest holdings of Central Huijin Investment in major ETFs have been disclosed, indicating stable positions in various funds despite recent net outflows from the ETF market [1][4]. Group 1: Central Huijin Holdings - As of the end of 2025, Central Huijin Asset Management holds 378.58 billion shares and Central Huijin Investment holds 356.55 billion shares of the Huatai-PB CSI 300 ETF [1][2]. - The total holdings of Central Huijin in the Huatai-PB CSI 300 ETF represent 40.26% and 37.91% of the total shares, respectively [3]. Group 2: ETF Market Trends - The ETF market has experienced significant net outflows, with over 220 billion yuan leaving the CSI 300 theme ETFs and more than 570 billion yuan from the CSI 1000 theme ETFs from January 12 to January 21 [4]. - As of January 21, the total shares of leading ETFs such as Huatai-PB CSI 300 ETF and others have decreased compared to the end of 2025, indicating a decline in market interest [4][6]. Group 3: Comparison of ETF Holdings - The latest share counts for various ETFs as of January 21 are below the holdings reported by Central Huijin at the end of 2025, including Huatai-PB CSI 300 ETF at 719.78 billion shares compared to 735.13 billion shares [5][6]. - Other ETFs like E Fund CSI 300 ETF and Huaxia CSI 300 ETF also show a decline in shares compared to Central Huijin's previous holdings [5][6].

Core Viewpoint - The article discusses the latest holdings of major broad-based ETFs, particularly focusing on the Central Huijin's investment positions as of the end of 2025, revealing significant data on fund holdings and net outflows in the ETF market [2][6]. Group 1: Central Huijin Holdings - As of the end of 2025, Central Huijin Asset Management Co., Ltd. held 378.58 billion shares and Central Huijin Investment Co., Ltd. held 356.55 billion shares of the Huatai-PineBridge CSI 300 ETF [2][4]. - The holdings of Central Huijin in the Huatai-PineBridge CSI 300 ETF remained unchanged in the second half of 2025 compared to the first half [5]. Group 2: ETF Market Trends - The broad-based ETFs have experienced significant net outflows recently, with the CSI 300 theme ETFs seeing a net outflow of over 220 billion yuan from January 12 to January 21, 2025 [6]. - Other ETFs, including the CSI 1000 theme ETFs and the Shanghai Stock Exchange 50 theme ETFs, also faced substantial net outflows, indicating a broader trend in the market [6]. - As of January 21, 2025, the total shares of leading broad-based ETFs such as Huatai-PineBridge CSI 300 ETF and others have decreased compared to the holdings reported by Central Huijin at the end of 2025 [6][7].

【导读】外资银行加速布局，汇丰中国落地首单本地公募基金托管业务 外资银行加速布局基金托管业务 中国证券投资基金业协会数据显示，截至2025年11月底，境内公募基金管理机构共165家，公募基金资 产净值合计37.02万亿元。托管业务作为资管生态链的关键环节，战略价值日益凸显。 记者从汇丰中国处了解到，该行此次作为托管银行，为易方达基金管理有限公司港股通消费混合型证券 投资基金提供了包括资金清算、资产估值、合规监督等在内的托管服务。 据悉，该基金也是易方达基金首只由外资银行托管的境内公募基金产品。此外，汇丰中国还是该基金首 次公开募集的代销银行之一。 汇丰中国副行长兼资本市场及证券服务部联席总监张劲秋表示："中国已成为全球第二大资产和财富管 理市场，大资管行业发展机遇广阔。汇丰加入公募基金托管这一黄金赛道，将发挥外资托管行'本地+全 球'的服务能力，积极支持中国本地基金的全球资产配置和海外业务布局，同时，推动全球资管机构深 耕中国市场，以跨境服务资源支持中国资本市场高质量发展。" 易方达基金副总裁王骏表示："近年来，公募基金行业正在加快实现高质量发展，此次与汇丰中国合 作，成功发行易方达基金首只由外资银行托管的境 ...

汇丰中国副行长兼资本市场及证券服务部联席总监张劲秋表示："中国已成为全球第二大资产 和财富管理市场，大资管行业发展机遇广阔。汇丰加入公募基金托管这一黄金赛道，将发挥 外资托管行'本地+全球'的服务能力，积极支持中国本地基金的全球资产配置和海外业务布 局，同时，推动全球资管机构深耕中国市场，以跨境服务资源支持中国资本市场高质量发 展。" 易方达基金副总裁王骏表示："近年来，公募基金行业正在加快实现高质量发展，此次与汇丰 中国合作，成功发行易方达基金首只由外资银行托管的境内公募基金产品，是我们推进产品 托管与渠道多元化的积极举措。汇丰在全球资产托管领域的丰富经验与先进理念，也将为易 方达响应资本市场高水平对外开放、加快国际化布局提供助力。" 【导读】外资银行加速布局，汇丰中国落地首单本地公募基金托管业务 中国基金报记者 马嘉昕 1月21日，汇丰银行（中国）有限公司（以下简称汇丰中国）宣布已落地其在中国境内市场的 首单公募基金托管业务。这意味着成功拓展公募基金托管业务的外资银行再添一家。 落地首单本地公募基金托管业务 记者从汇丰中国处了解到，该行此次作为托管银行，为易方达基金管理有限公司港股通消费 混合型证券投资基 ...

Core Insights - The latest holdings of Central Huijin have been revealed following the disclosure of the 2025 Q4 reports of leading broad-based ETFs, with significant positions in the Huatai-PB CSI 300 ETF [1][3] Holdings Summary - As of the end of 2025, Central Huijin Asset Management Co., Ltd. held 378.58 billion shares, while Central Huijin Investment Co., Ltd. held 356.55 billion shares of the Huatai-PB CSI 300 ETF [1][4] - The shareholding proportions for Central Huijin Asset Management and Central Huijin Investment are 40.26% and 37.91%, respectively [4] Comparison with Previous Period - Compared to the 2025 mid-year report, the holdings of Central Huijin in the Huatai-PB CSI 300 ETF remained unchanged in the second half of 2025 [5] - The total number of shares held by Central Huijin in various broad-based ETFs, including E Fund CSI 300 ETF and Huaxia CSI 300 ETF, also remained stable [5] Market Trends - Recent data indicates a significant net outflow from broad-based ETFs, with over 220 billion yuan exiting the CSI 300 theme ETFs from January 12 to January 21, 2025 [5] - Other ETFs, including the CSI 1000 theme ETFs and the STAR 50 theme ETFs, also experienced substantial net outflows during the same period [5] Current ETF Holdings - As of January 21, 2025, the number of shares for major ETFs such as Huatai-PB CSI 300 ETF and Huaxia CSI 300 ETF has decreased compared to the holdings reported by Central Huijin at the end of 2025 [6][7] - The current shares for Huatai-PB CSI 300 ETF stand at 719.78 billion, down from Central Huijin's reported 735.13 billion shares at the end of 2025 [7]

香港联交所最新资料显示，1月15日，易方达基金管理有限公司减持国泰海通（02611）466.8万股，每 股作价17.2641港元，总金额约为8058.88万港元。减持后最新持股数目约为2.41亿股，最新持股比例为 6.87%。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 香港联交所最新资料显示，1月15日，易方达基金管理有限公司减持国泰海通（02611）466.8万股，每 股作价17.2641港元，总金额约为8058.88万港元。减持后最新持股数目约为2.41亿股，最新持股比例为 6.87%。 责任编辑：卢昱君 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 ...

Group 1 - The core point of the article is that E Fund Management Co., Ltd. has reduced its stake in Cathay Securities (02611.HK) by selling 4.668 million shares at an average price of HKD 17.2641 per share, amounting to approximately HKD 80.589 million [1] - After the reduction, E Fund's total shareholding in Cathay Securities is now 240,954,189 shares, which represents a decrease in ownership from 7.01% to 6.87% [1]

格隆汇1月22日丨根据联交所最新权益披露资料显示，2026年1月15日，国泰海通(02611.HK)遭易方达基金管理有限公司在场内以每股均价17.2641港元减持 466.8万股，涉资约8058.9万港元。 减持后，易方达基金管理有限公司最新持股数目为240,954,189股，持股比例由7.01%下降至6.87%。 | 股份代號: | 02611 | | --- | --- | | 上市法國名稱: | 國泰海通證券股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 22/12/2025 - 22/01/2026 | | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 費出或涉及的 每股的平均價 | | | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | | --- | --- | --- | --- | --- | --- | --- | | | 股份數量 | 原因 | | | ( 請参関上述 * 註 | | | | | | | | 份百分比 避 | | | Company of the control of the consideration of | | | ...

写在文章前的声明：在本文之前的说明：本文中所列的投资信息，只是一个对基金资产净值进行排行的客观描述，并无主观倾向性，也不是投资建议，纯属 娱乐性质。 | 基金简称 PK | | | 最新净法 | | --- | --- | --- | --- | | 1 | 东方阿尔法 ... C | 1.0491 | -3.81% | | | 018363 | 2026-1-21 | | | 2 | 东方阿尔法 ... A | 1.0602 | -3.80% | | | 018362 | 2026-1-21 | | | 3 | 东财景气驱 ... C | 1.6390 | -3.47% | | | 019144 | 2026-1-21 | | | 4 | 东财景气驱...A | 1.6593 | -3.47% | | | 019143 | 2026-1-21 | | | 5 | 前海开源沪…业 | 1.6652 | -3.16% | | | 004321 | 2026-1-21 | | | 6 | 华宝海外新 ... C | 1.6141 | -3.09% | | | 017145 | 2026-1-20 | | | 7 ...

Group 1 - Foreign banks are increasingly participating in China's rapidly growing asset management market, with HSBC China announcing its first public fund custody business in the domestic market [1] - HSBC China provided custody services for the E Fund's Hong Kong Stock Connect Consumer Mixed Securities Investment Fund, marking it as the first domestic public fund product managed by a foreign bank [1] - The asset management industry in China is recognized as the second largest globally, presenting significant development opportunities [1] Group 2 - As of November 2025, there are 165 domestic public fund management institutions in China, with a total net asset value of 37.02 trillion yuan [2] - The collaboration between E Fund and HSBC China represents a strategic move towards diversifying product custody and distribution channels, enhancing the quality of development in the public fund industry [2] - The partnership aims to leverage each party's expertise to promote the openness and diversification of the public fund custody market [2]