Xinhua Finance｜"Stabilization Fund" Expands Buying Targets? Multiple CSI 500 and CSI 1000 ETFs See Surge in Trading Volume

Translated from Xinhua Finance

Compared with yesterday's market, several CSI 500 and CSI 1000 ETFs in the broad-based ETF market saw a significant increase in trading volume today. Market speculation suggests that the "national team," represented by Central Huijin, may have further expanded its buying targets to include small- and mid-cap stocks.

Xinhua Finance, Shanghai, April 8 (by Lin Zhenghong) – On April 8, the three major A-share indices rebounded, and trading activity in the broad-based ETF market intensified.

By the close, six ETFs in the broad-based ETF market recorded trading volumes exceeding RMB 10 billion. The Huatai-PineBridge CSI 300 ETF (510300), E Fund CSI 300 ETF (510310), ChinaAMC CSI 300 ETF (510330), and Harvest CSI 300 ETF (159919) saw trading volumes of RMB 21.669 billion, RMB 14.364 billion, RMB 13.326 billion, and RMB 12.204 billion, respectively. The combined turnover of these four CSI 300 ETFs reached RMB 61.563 billion, up from RMB 50.5 billion the previous day.

Two other broad-based ETFs with trading volumes surpassing RMB 10 billion were the China Southern CSI 500 ETF (510500) and the China Southern CSI 1000 ETF (512100), with turnovers of RMB 16.018 billion and RMB 13.73 billion, respectively. Their volume ratios (a measure comparing the current minute's trading volume to the average over the past five trading days) stood at 11.99 and 8.39, indicating a notable surge.

Additionally, the ChinaAMC CSI 1000 ETF (159845) and GF CSI 1000 ETF (560010) recorded trading volumes of RMB 8.149 billion and RMB 5.663 billion, with volume ratios soaring to 19.25 and 24.37, reflecting even more pronounced increases in liquidity.

Compared with yesterday, several CSI 500 and CSI 1000 ETFs in the broad-based ETF market saw a significant increase in trading volume today. Market speculation suggests that the "national team," represented by Central Huijin, may have further expanded its buying targets to include small- and mid-cap stocks.

Earlier on April 8, it is said that both the People's Bank of China (PBC) and Central Huijin made major announcements. Central Huijin explicitly confirmed its role as the "National Team" in the capital markets, functioning similarly to a market stabilization fund. The PBC pledged to provide ample relending support to Central Huijin if necessary.

The above information is provided for reference purposes only and does not constitute investment advice.