Central Huijin, 160 billion bottom

The following article is from Shishido, and the author is Shishido

Central Huijin's large-scale strokes are beginning to reveal "small lotus sharp corners".

According to the latest quarterly report of the fund, Huijin bought nearly 160 billion yuan of three partial stock ETFs at the end of March, and the cumulative position exceeded 200 billion yuan.

Taking ChinaAMC CSI 300 ETF as an example, Huijin's account increased its holdings by about 61 billion yuan in the first quarter (estimated by the market value at the end of the period, not the actual cost), and held more than 70% of the ETF's shares at the end of the period, directly boosting the total scale of the ETF to nearly 100 billion.

Central Huijin announced on February 6 this year that it fully recognizes the value of the current A-share market allocation, and has recently expanded the scope of exchange-traded index funds (ETFs), and will continue to increase its holdings and expand the scale of its holdings, and resolutely maintain the smooth operation of the capital market (Figure below).

This quarterly report fully verifies its strong financial strength, willingness to increase holdings and determination to maintain the smooth operation of the market.

Huijin's holdings surfaced

Strictly speaking, the fund's first quarterly report does not directly disclose the share and market value of Huijin.

In the latest quarterly reports of ChinaAMC CSI 300 ETF, ChinaAMC SSE 50 ETF and Harvest CSI 300 ETF, it is only mentioned that there are institutions that hold a fairly high proportion of their ETF shares.

However, comparing the information, it can be found that it is Huijin's account that has been shot.

Taking ChinaAMC CSI 300 ETF as an example, the quarterly report shows that 2 institutions hold 20% or more of the fund.

Among them, institutions held about 1.102 billion shares at the beginning of the first period, and institutions held about 1.79 billion shares at the beginning of the second period, with a total of more than 2.893 billion shares.

However, after comparing with the annual report data, it can be confirmed that the opening holding information of the above two institutions is "exactly the same" with the holding share of Central Huijin Investment Co., Ltd.

It can be inferred from this that the two institutions are Central Huijin and its subsidiaries.

Similarly, in the Harvest CSI 300 ETF and ChinaAMC SSE 50 ETF, Huijin also holds more than 50% of the shares.

Compared with the data at the beginning of the year, they were all significantly increased.

It has become the number one main force of three ETFs

Comparing the above data with the annual report, it can also be found that Huijin is the absolute main force of these three ETFs, whether it is held at the end of the period or bought during the period.

Based on the net value at the end of the period, the proportion of ChinaAMC CSI 300 ETF held by Huijin's two accounts has reached 52.62% and 20.56% respectively, totaling about 73.18%.

At the end of the period, Huijin held the ETF with a market value of more than 71.8 billion yuan.

Similarly, Huijin holds 61.5% of the shares of ChinaAMC SSE 50 ETF, with a market capitalization of more than 69.1 billion yuan at the end of the period.

Huijin holds a 63.68% stake in the Harvest CSI 300 ETF, with a market capitalization of more than 67.1 billion yuan at the end of the period.

In total, Huijin's holdings of the three funds exceeded 208 billion yuan (data at the end of the first quarter), which directly contributed to the rapid growth of these three funds into super-large equity ETF funds.

Buying in the sky shows confidence

In addition, compared with the above shares at the end of last year, we can find the trading characteristics of Huijin on ETFs in the first quarter.

First, the share and proportion are quite amazing, which has played a good guiding role in the market.

Taking ChinaAMC CSI 300 ETF as an example, in the first quarter, the two accounts collectively subscribed for more than 16.993 billion shares in the first quarter.

It is important to know that the total secondary market turnover of ChinaAMC CSI 300 ETF was 31.133 billion in the first quarter, and the ratio of Huijin's increase to the total secondary market turnover of the ETF was 54.6%.

Second, one-way buying does not sell, and the will to trade is resolute.

The quarterly report shows that the two accounts of Huijin had one-way subscription shares in the first quarter, and there were no redemption shares.

Third, multiple accounts add multiple ETFs at the same time.

In addition to the considerable proportion of ChinaAMC CSI 300 ETF, Huijin has also increased its holdings in ChinaAMC SSE 50 ETF and Harvest CSI 300 ETF.

The same statistical caliber shows that in the first quarter, Huijin subscribed for a total of more than 15.867 billion shares of ChinaAMC SSE 50 ETF, accounting for about 19.12% of the total turnover of the ETF secondary market in the same period.

In the first quarter, Huijin subscribed for more than 15.6 billion shares of the Harvest CSI 300 ETF, accounting for about 43% of the ETF's secondary market turnover during the same period.

The actual buying scale may be much more than that

Based on the net value of the above three funds at the end of the first quarter, the amount of increased holdings in the first quarter exceeded 159 billion yuan (excluding the impact of net value growth, not actual costs).

However, considering that there are still a number of large-scale ETFs that have not disclosed their holdings, the subsequent disclosure of Huijin's holdings is expected to rise sharply.

For example, the latest Huatai CSI 300 ETF, the largest ETF in the industry, has exceeded 55.3 billion shares (public data as of the 18th), with a market value of more than 196.8 billion yuan. The fund has not yet released a quarterly report.

Looking back at Central Huijin's announcement on February 6 this year, perhaps the market can appreciate the powerful meaning and far-reaching impact of its words.

Author: Jia Er, Editor: Yuan Chang Original title:

Lots of money!

Huijin bought and decrypted in the first quarter, with nearly 160 billion "crazy" 3 ETFs

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This article does not constitute personal investment advice, does not represent the views of the platform, the market is risky, investment needs to be cautious, please make independent judgment and decision-making.