Central Huijin Investment, a unit of China’s US$1.2 trillion sovereign wealth fund, bought exchange-traded funds (ETFs) on Monday, intervening in the nation’s stock market that is reeling from the mayhem inflicted by reciprocal tariffs from the US.
Central Huijin acquired ETFs and will make more such investments in the future to “resolutely” maintain the stability of the capital market, the company said in a statement on its website on Monday afternoon, without specifying what the ETFs or the investment were.
The company is “firmly” positive on the outlook of China’s capital markets and fully acknowledges the allocation values of A shares, or the yuan-denominated stocks trading on China’s onshore exchanges, the statement said.
Huijin was not alone in diving into the market. China Chengtong Financial Holdings and Beijing Chengyang Investment, two units under the state asset management company, said they too have been…
