China’s state investor Central Huijin estimated to spend 330 bn yuan increasing ETF holdings to support stock market

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China's state investor Central Huijin Investment Ltd is estimated to have spent about 330 billion yuan increasing holdings of exchanged-traded funds (ETFs) in the first quarter of the year to shore up the country's stock market, according to funds' latest quarterly reports.

In February this year, Central Huijin said that it had expanded the scope of its investment ETF as its fully recognized the allocation value of China's A-shares and would continue to increase ETF holdings to safeguard . . .

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