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State-Linked Fund’s $68 Billion Exit Rattles China’s Stock Market
State-Linked Fund’s $68 Billion Exit Rattles China’s Stock Market
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BTCCSquare news:
Central Huijin Investment, a state-affiliated fund, triggered market tremors after offloading approximately $67.5 billion in tech-related ETFs over six sessions. The MOVE marks a stark departure from its traditional role as a market stabilizer, with Bloomberg data revealing the sales spanned 14 exchange-traded funds.
The CSI 300's 1.8% monthly gain and Star 50 Index's 16% surge now face scrutiny. "When the national team trades both sides, you adjust your strategy," said Beijing Win Integrity's Wu Wei, noting reduced exposure to state-held stocks. ETF turnover patterns suggest deliberate sector cooling, with analyst Rebecca Sin describing the liquidation as "a corrective measure for overheated valuations."
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