China - PBOC, CIC, SAFE, NSSF, Central Huijin, NDRC etc.

[winston]

Central Huijin Raises ETF Holdings Again, Will Continue to Do So, Resolutely Committed to Maintaining Stable Capital Mkt

Central Huijin Investment Company Limited (Central Huijin) stated that it remains steadfastly optimistic about the development prospects of China’s capital markets and fully recognizes the current allocation value of A-shares, Securities Times reported.

The company has once again increased its holdings in exchange-traded funds (ETFs) and will continue to do so looking ahead, resolutely committed to maintaining the stable operation of the capital markets.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

CN SSF Recently Increases Holdings in Domestic Stocks, Plans to Keep Doing So in Near Term

China's National Council for Social Security Fund (SSF) stated that it consistently adheres to the principles of long-term investment, value investment and responsible investment, expressing steadfast confidence in the development prospects of the Chinese capital market, Chinese news broke.

It actively aligns with national development strategies, having lately increased its holdings in domestic stocks, with plans to continue doing so in the near term.

While actively engaging in stock increase, the Council aims to ensure fund safety and achieve value preservation and appreciation.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

China has a new 500 billion yuan ‘financial instrument’. How will it be used?

Beijing created the special financing tool to turbocharge domestic innovation and help the economy ride out the trade war

Source: SCMP

https://www.scmp.com/economy/china-econ ... pe=section

[winston]

China's FX reserves hit 10-year high, gold buying extends to 13 months

China’s foreign exchange reserves have surged for a fourth consecutive month to a ten-year high of US$3.346 trillion (HK$26 trillion), while the central bank increased its gold purchases for a 13th straight month,

The country's foreign exchange reserves, the world's largest, rose by US$3 billion (HK$23.4 billion) last month to US$3.346 trillion.

Gold holdings stood at 74.12 million ounces at the end of November, up from 74.09 million at the end of October.

Source: The Standard

https://www.thestandard.com.hk/wealth-a ... le/318683/

[winston]

December Politburo Meeting

Chinese President Xi Jinping on Monday chaired the December Politburo meeting, a routine preparation session for the annual Central Economic Work Conference (CEWC), which sets the tone for policy in the year ahead.

A readout was released by state news agency Xinhua on Monday afternoon.

“The readout released following the meeting appears somewhat disappointing, as evidenced by lowered growth concerns and no direct mention of consumption and the property sector, though we await the CEWC in coming days for more details,” Goldman Sachs economists wrote in a note.

Source: SCMP

[winston]

China national team’s US$68 billion exit alters stock strategies

Trading activity onshore has eased from a frenzied pace of nearly four trillion yuan earlier this month

Central Huijin sold US$67.5 billion across 14 ETFs in just six sessions to Thursday (Jan 22).

The ETF outflows have coincided with regulators’ efforts to tighten rules on margin financing, signalling unease over rapid gains in sectors such as rockets and AI applications, where profitability is unclear.

Central Huijin started aggressively investing in China’s ETFs in 2023, amassing US$180 billion in such assets by the end of August 2025.

After record outflows from a fund tracking the Star 50 Index, they estimate 5 per cent of Central Huijin’s firepower is left for that product.

Trading activity onshore has eased from a frenzied pace of nearly four trillion yuan (S$729 billion) earlier this month.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... strategies

[winston]

China’s ‘national team’ cut ETF stakes below 20% disclosure mark

Central Huijin Investment Ltd — a unit of China’s sovereign wealth fund that leads a group of state-backed investors used to stabilise markets — cut its ownership in several key exchange‑traded funds to below the 20% disclosure threshold.

The disclosures offer the clearest confirmation yet that the national team cut a substantial portion of its ETF holdings in January, as turnover hit a record and the rally turned increasingly speculative, particularly in parts of the technology sector.

They also indicate Beijing is no longer just propping up the market but is willing to drain speculative excess — a break from past rescue playbooks.

Some of the sales might have locked in gains of around 50%, based on the rise of the CSI 300 Index from early 2024 lows — when the national team began aggressively buying ETFs to stem a market meltdown — through January this year, when the selling likely took place.

Source: Bloomberg

https://www.theedgesingapore.com/news/c ... osure-mark