"Going against the trend to add positions, add more positions! Central Huijin's

The expansion of index funds within the year has attracted considerable attention, with both the power of the general investment public and the "intervention" of significant institutions behind it.

According to the latest second-quarter reports for multiple ETFs disclosed on the evening of July 17, Central Huijin continued to increase its holdings in broad-based ETFs during the second quarter of this year, with the holdings of the four largest non-currency ETFs approaching 310 billion yuan.

It must be said that the second-quarter report continues to confirm the determination, patience, and confidence of Central Huijin, a major state-owned institution, to take a bullish stance.

The institution increased its holdings by more than 1.2 billion shares in the Jia Shi CSI 300 ETF.

Strictly speaking, the second-quarter fund report did not directly disclose the shareholdings and market value of Central Huijin.

In the latest quarterly reports for the Huaxia CSI 300 ETF, Huaxia SSE 50 ETF, E Fund CSI 300 ETF, and Jia Shi CSI 300 ETF, it was only mentioned that an institution held a significant proportion of the ETF shares.

However, by comparing the information, it can be found that the account in action is under Central Huijin.

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Taking the Jia Shi CSI 300 ETF second-quarter report as an example, an institution increased its holdings by more than 1.257 billion shares in the second quarter, with the end-of-period shareholding exceeding 19.54 billion shares, accounting for more than 68% of the total shareholding.

Comparing the information from the first-quarter report and the 2023 annual report will reveal that this institution should be Central Huijin Investment Co., Ltd.

Continued to increase holdings in Huaxia CSI 300, SSE 50, and others.Similarly, the second-quarter report of Huaxia CSI 300 ETF shows that one institution increased its holdings by more than 1.05 billion shares in the second quarter, with the end-of-period shareholding exceeding 20.937 billion shares.

Comparing with previous regular reports, this large institution is also Central Huijin Investment Limited.

In addition, the second-quarter report of Huaxia SSE 50 ETF shows that one institution increased its holdings of this ETF by more than 560 million shares in the second quarter, with the end-of-period shareholding exceeding 28.79 billion shares.

Comparing with previous regular reports, this institution is also Central Huijin Investment Limited.

The second-quarter report of E Fund CSI 300 ETF shows that one institution increased its holdings by nearly 2.883 billion shares in the second quarter, with the end-of-period shareholding exceeding 54.735 billion shares.

Comparing with previous regular reports, this institution is also Central Huijin Investment Limited.

In total, Huijin's holdings in these four funds alone exceed 309.1 billion yuan (end-of-second-quarter data), and despite the decline in the net value of the funds, Huijin's combined market value of the aforementioned ETFs still exceeds more than 10 billion yuan from the end of the first quarter.

It is expected that more funds will be increased.

However, this figure still underestimates Huijin's actual holdings.

Because, there are still several large-scale stock index ETFs in the industry that have not disclosed their holdings, and when these ETFs disclose their quarterly reports later, it is expected that Huijin's holdings in mainland equity products will rise significantly.Moreover, in addition to indices such as the CSI 300 and SSE 50, there have been recent transactions in other index-related products that are believed to involve large funds. Whether the Exchange Stabilization Fund is behind this remains unknown.