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

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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