Reported about 1 year ago
China's 'national team,' including Central Huijin Investment Ltd., has been increasing its activity in exchange traded funds (ETFs) as China's stock market fell below key levels. Inflows into four ETFs acquired by the sovereign wealth fund have more than doubled in the past two weeks, with a focus on the Huatai-Pinebridge CSI 300 ETF. This move signals efforts to stabilize market confidence before the Communist Party's Third Plenum, although it has not halted the market's prolonged decline driven by economic growth pressures and trade tensions.
Source: YAHOO