SHANGHAI: Chinese state fund Central Huijin Investment bought blue-chips worth at least $41 billion in the first quarter in a bid to shore up the sliding stock market, funds' latest quarterly reports show.
The sovereign fund bought at least 300 billion yuan ($41.42 billion) of exchanged-traded funds (ETFs) in the first quarter, including Huatai-PB CSI300 ETF, E Fund CSI300 Index ETF, Harvest CSI 300 ETF, ChinaAMC CSI 300 ETF and ChinaAMC China 50 ETF, the ETFs' reports show.
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