Latest news with #CentralHuijin
South China Morning Post
11-08-2025
- Business
- South China Morning Post
China's commercial property market has its own version of a ‘national team'
In China's stock market, the influence of the 'national team' – the term for a group of state-backed institutional investors set up in 2015 to support share prices, mainly via purchases of exchange-traded funds (ETFs) – has been particularly apparent since US President Donald Trump launched his assault on the global trade order in early April. Central Huijin Investment , a unit of China's sovereign wealth fund that has been described as a 'stabilisation' fund, ploughed 197.5 billion yuan (US$27.6 billion) into equity ETFs last quarter, according to data from Bloomberg. Funds tracking the benchmark CSI 300 index of Shanghai- and Shenzhen-listed shares accounted for more than half of Central Huijin's purchases. The impact of strong inflows into ETFs tracking the index is plain to see. The combined market capitalisation of the Shanghai and Shenzhen bourses is approaching a record 100 trillion yuan – 66 per cent higher than in 2015 – despite a cyclical and structural economic downturn and renewed trade tensions between the United States and China. In China's commercial property investment market , no funds have been called upon by Beijing to perform a national service. However, there is a strong and increasingly diverse domestic investor base that has shored up transaction activity at a time when cross-border investment has fallen dramatically. In 2019, foreign investment in China's commercial real estate market peaked at US$19.8 billion, accounting for more than one third of transaction volumes. Last year, foreign investors deployed just US$5.8 billion, the lowest level since 2014, according to MSCI data. However, even after falling sharply since 2021, domestic investors deployed US$30.3 billion last year, only slightly below the level in 2019. Domestic buyers comprised 84 per cent of investment last year, the second-highest share in Asia after South Korea. Yet while cross-border investment in South Korea and other major Asian markets has begun rising again, it has fallen in mainland China and Hong Kong to its lowest level in a decade, according to MSCI.
Bloomberg
24-07-2025
- Business
- Bloomberg
China State Fund Pumped $28 Billion Into ETFs as Turmoil Raged
Chinese sovereign wealth fund Central Huijin Investment Ltd. pumped around 197.5 billion yuan ($27.6 billion) into exchange-traded funds in the second quarter, pushing back against a stock market rout that followed US President Donald Trump's tariff announcements. The fund stuck with its favorite ETFs tracking broad gauges, with more than half of its flows going into those that follow the benchmark CSI 300 Index. The index, which suffered a one-day loss of around 7% on April 7 as Trump's tariff moves pushed global markets into a tailspin, ultimately ended the quarter higher than it started.
Forbes
22-07-2025
- Business
- Forbes
China Market Update: Hong Kong & Mainland China Grind Higher As Bessent Packs His Bags
CLN Asian equities delivered mixed performance overnight, as Vietnam outperformed on a trade deal, while Taiwan, South Korea, and Thailand all lagged amid the absence of new deals. News broke that Treasury Secretary Scott Bessent will travel to Stockholm to meet his Chinese counterparts, a potential signal of further thawing in US-China geopolitical tensions. Investors are watching closely to see whether this latest move provides a lift to US-listed China stocks, following last week's positive push when the Nvidia H20 export ban was lifted. The market continues to anticipate a possible Trump-Xi summit. The delay of China tariff decisions is seen as a sign that talks are progressing. In Hong Kong, the Hang Seng Index finished just above 25,000, and the Hang Seng Tech Index closed a touch above 5,600, while both Shanghai and Shenzhen moved gradually higher over the session. Notably, Southbound Stock Connect flows accounted for 61% of Hong Kong market volume for a second straight day, suggesting subdued foreign participation. Sector-wise, market moves closely mirrored yesterday's action, as the new mega-dam project announcement continued to support building materials, machinery, and construction stocks listed in both Hong Kong and Mainland China. The coal sector once again drove a value-investing bias, with Shaanxi Coal Industry climbing +7.93% and Shanxi Coking Coal jumping +10.07%, as fresh price increases are expected this week. Hong Kong-listed internet stocks produced mixed results: Tencent rose +0.86%, Alibaba edged up +0.08% despite its Qwen3 AI outperforming OpenAI and DeepSeek, Kuaishou gained +1.82%, and ended flat. Robotics maker UB Tech fell -5.71%, after issuing 30 million new shares at a 9% discount to the previous close, raising HKD 2.47 billion (about $315 million). Unitree Robotics is reportedly planning a Hong Kong listing in October. Among automakers, the Hong Kong share classes of BYD and battery giant Contemporary Amperex Technology (CATL) advanced +5.09% and +2.34%, respectively, after BYD announced stronger local sales than Tesla. Mainland China's markets steadily climbed throughout the trading session. The energy sector led, as solar companies outperformed, including Sungrow, up +1.90%, Tongwei, up +5.55%, and LONGi Green Energy, up +1.59%. Silicon futures on the Guangzhou Futures Exchange continued their strong rebound, finishing up +5.98% for the day and +17.82% over the last 10 days, helped by government-led production cuts initiated in early July. These measures brought silicon futures from a low of 6,982 to a close of 9,655. There are signs that Central Huijin, the finance-focused branch of China's sovereign wealth fund, was actively buying Mainland-listed equity exchange-traded funds (ETFs) based on mutual fund shareholder data as of the end of the second quarter. One major ETF reported that its largest shareholder, which is almost certainly Central Huijin, had increased its ownership by 10.874 billion shares, bringing its stake to 37.858 billion shares, or 40.26% of the fund. While an estimated US$10 billion in ETF inflows is noteworthy, it is modest relative to Mainland China's roughly $12 trillion free-float market capitalization, representing only a minor contribution even when spread across multiple funds. Live Webinar Join us on Tuesday, July 22, 10:00 am EDT for: China Mid-Year Outlook: Trade Deal Loading, Consumption & Innovation Locked In Please click here to register New Content Read our latest article: KraneShares KOID ETF: Humanoid Robot Rings Nasdaq Opening Bell Please click here to read Chart1 Chart2 Chart3 Chart4 Chart5 Chart6
Yahoo
14-04-2025
- Business
- Yahoo
Chinese exchanges restrict daily stock sales as trade war with US escalates, sources say
SHANGHAI (Reuters) -Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said on Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United States. Two investor sources said a soft limit on daily net sales by individual hedge funds and big retail investors - implemented through verbal warnings from brokerages - had been set at 50 million yuan ($6.83 million). Failure to comply risked a suspension of trading accounts by the stock exchanges, which have issued the directive, two brokerage sources said. All four sources declined to be identified as they are not authorised to speak to the media. The Shanghai and Shenzhen stock exchanges did not respond to Reuters requests for comment. China has taken a slew of measures to stabilise its domestic stock markets, reeling from an escalating trade war with the U.S. where President Donald Trump has imposed eye-popping duties on Chinese goods. The moves have largely shielded stocks in China from the massive selling seen on global markets. Beijing on Friday hit back again, and increased its tariffs on U.S. imports to 125%. China's state fund Central Huijin has vowed to increase stock holdings, a growing number of listed companies are buying back shares, and top Chinese brokerages have pledged to steady the market amid higher tariffs and global recession risks. "Such a restriction is understandable as you don't want to act against state will," said one of the brokerage sources. Brokerages have been asked to closely monitor transactions by private funds and big retail clients, according to a notice issued late on Thursday and seen by Reuters. The current 50 million yuan daily limit on net sales by investors could be lowered further if the market slumps again, the notice said. China and Hong Kong stocks reversed early declines on Friday and narrowed the week's losses. Trump paused his "reciprocal" tariffs on most other countries earlier this week, but has singled out China with tougher duties. ($1 = 7.3206 Chinese yuan renminbi)
Zawya
11-04-2025
- Business
- Zawya
Chinese exchanges restrict daily stock sales as trade war with US escalates, sources say
Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said on Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United States. Two investor sources said a soft limit on daily net sales by individual hedge funds and big retail investors - implemented through verbal warnings from brokerages - had been set at 50 million yuan ($6.83 million). Failure to comply risked a suspension of trading accounts by the stock exchanges, which have issued the directive, two brokerage sources said. All four sources declined to be identified as they are not authorised to speak to the media. The Shanghai and Shenzhen stock exchanges did not respond to Reuters requests for comment. China has taken a slew of measures to stabilise its domestic stock markets, reeling from an escalating trade war with the U.S. where President Donald Trump has imposed eye-popping duties of 145% on Chinese goods. The moves have largely shielded stocks in China from the massive selling seen on global markets. Beijing on Friday hit back again, and increased its tariffs on U.S. imports to 125%. China's state fund Central Huijin has vowed to increase stock holdings, a growing number of listed companies are buying back shares, and top Chinese brokerages have pledged to steady the market amid higher tariffs and global recession risks. "Such a restriction is understandable as you don't want to act against state will," said one of the brokerage sources. Brokerages have been asked to closely monitor transactions by private funds and big retail clients, according to a notice issued late on Thursday and seen by Reuters. The current 50 million yuan daily limit on net sales by investors could be lowered further if the market slumps again, the notice said. China and Hong Kong stocks reversed early declines on Friday and narrowed the week's losses. Trump paused his "reciprocal" tariffs on most other countries earlier this week, but has singled out China with tougher duties. ($1 = 7.3206 Chinese yuan renminbi)
