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

Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Sat Jul 14, 2018 10:36 am

China’s $941b sovereign fund CIC gears up to invest at home

CIC has been primarily restricted to investing overseas since it was set up in 2007 with money from China’s swelling foreign-exchange reserves.

Almost two-thirds of CIC’s overseas portfolio was farmed out to third-party asset managers as of Dec. 31.

1% of CIC’s overseas portfolio was in cash as of year-end.



Source: Bloomberg

https://www.dealstreetasia.com/stories/ ... 69cc61b4c8
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Mon Jul 23, 2018 9:59 pm

China state-backed funds sit on their hands during stock market slump

During the 2015 crisis, Beijing launched rescue funds, curbed short-selling activity, suspended share trading and orchestrated share buybacks, but still failed to stem savage market routs that roiled global markets.

Launched in July 2015 with total assets of 200 billion yuan ($29.5 billion) - or 40 billion yuan each - the funds’ assets exceeded 250 billion yuan last year but suddenly shrank two-thirds to a combined 74.1 billion in the first quarter, after massive government redemptions.

In addition to the mutual funds, China’s central government also holds stocks via less transparent entities, including the state margin lender, Central Huijin, and investment platforms grouped under the foreign exchange regulator.


Source: Reuters

https://www.reuters.com/article/us-chin ... KD1G6?il=0
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Mon Sep 24, 2018 8:14 pm

China's state-backed 'National Team' may rescue stocks from trade war woes

by Gina Heeb

"When the National Team intervenes in the market, it tends to prefer adding blue-chip index stocks to have an immediate impact on the index," the analysts said.

"By making insurance companies the direct source of funding, the government looks to be encouraging more long-term capital to participate as a 'market stabilizer,'" the analysts said.

Institutional investors may also be motivated to act by more attractive valuations and low interbank borrowing costs, which it can leverage to strengthen its balance sheet.

The team held more than 1,100 stocks that were valued at more than $180 billion as of June 2018, Tong and Zhu estimate.

It operates through at least 21 entities, including the China Securities Finance Corporation; Central Huijin Investment; Central Huijin Asset Management; five mutual funds set by the CSF; 10 managed accounts entrusted with asset management companies; and three wholly-owned subsidiaries of the State Administration of the Foreign Exchange.


Source: Business Insider

https://finance.yahoo.com/news/china-ap ... 00754.html
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Thu Oct 25, 2018 8:09 pm

China liquidates US$4 billion funds, leaving investors asking why

Scrutiny of state-linked funds has increased as investors attempt to gauge how Beijing will react to country’s deepest equity sell off since 2015

The two funds were among five set up with government money in the summer of 2015 in a rescue effort to end a rout that wiped out US$5 trillion in market value.


Source: SCMP

https://www.scmp.com/business/money/sto ... -investors
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Mon Sep 23, 2019 9:11 am

China’s wealth fund CIC chases high-risk strategy, to deepen exposure in alt assets

China Investment Corp. aims to have as much of 50% of its portfolio in alternative assets by the end of 2022. That means the $941 billion fund is diving deeper into illiquid investments including real estate, infrastructure, hedge funds and private equity, just as such trades are becoming increasingly crowded.

CIC already has the among the highest proportion of investments allocated to alternative assets. At the end of December, the ratio stood at 44%, equal to Australia’s Future Fund. Singapore’s GIC Pte had 19% of assets in alternative investments. The share for Norway’s Government Pension Fund Global, or GPFG, was just 3%.

Three years ago, CIC had 46% of its overseas portfolio in publicly traded equities and 37% in alternatives. By the end of last year, the roles had reversed, with the share in stocks down to 38%. The fund’s international portfolio accounts for 34% of its assets.


Source: Bloomberg

Read more at: https://www.dealstreetasia.com/stories/ ... 69cc61b4c8
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Mon May 25, 2020 7:44 am

China's US$941b sovereign fund seeks more resilient assets

Source: SCMP

https://www.scmp.com/business/banking-f ... -resilient
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Wed Jul 15, 2020 8:28 am

PRC NSSF Dumps 42.325M A Shrs of BANKCOMM (03328.HK)

National Social Security Fund (NSSF)'s board of directors unloaded 42.325 million A shares of BANKCOMM (03328.HK) at an average price of $5.44 per share today (14 July), involving $230 million, as revealed by the Stock Exchange.

Source: AAStocks Financial News
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Wed Jul 15, 2020 8:31 am

PICC GROUP (01339.HK)'s 2nd Largest Shareholder NSSF Mulls Selling Up to 885M A Shrs

2020/07/09

PICC GROUP (01339.HK) announced that National Council for Social Security Fund of the People’s Republic of China (NSSF), the second largest shareholder of the Company, has recently informed the Company that due to the need for asset allocation and investment business, it plans to sell down not exceeding 885 million unrestricted A shares (representing not exceeding 2% of the current number of total issued shares of the Company) by way of call auction or block trade transfer within a six-month period commencing from 15 trading days after 9 July.

Source: AAStocks Financial News
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Re: China - PBOC

Postby winston » Fri Dec 10, 2021 8:43 am

PBOC wings clipped over lax regulation, says WSJ

The People's Bank of China is now being scrutinized by state discipline inspectors as Beijing believes the central bank should not have total independence, the Wall Street Journal reported.

Beijing is also questioning the PBOC's close ties with companies that led to a lot of lending to developers over the years and the problematic listing of Ant Financial.

It is also investigating 25 financial institutions and two former PBOC officials.


Source: Reuters

https://www.thestandard.com.hk/section- ... ,-says-WSJ
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China - Economic Data & News 19 (Jan 22 - Dec 23)

Postby behappyalways » Fri Mar 11, 2022 3:17 pm

What's Behind The PBOC's 1 Trillion Yuan Transfer
https://www.zerohedge.com/economics/wha ... n-transfer
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