Two major central enterprises increased their stock assets holdings, with net capital inflows into broad-based ETFs exceeding 150 billion yuan in the past week.

On July 19, China Chengtong announced that recently, China Chengtong and its subsidiaries Chengtong Capital and Chengyang Investment have been focusing on increasing their holdings in Chinese stocks owned by central state-owned enterprises, with a total purchase of nearly 10 billion yuan. China Chengtong stated that they are confident in the prospects of the Chinese economy and the Chinese capital market, and they will continue to use their own funds, stock repurchases, and large-scale increases in borrowing to increase their holdings in the stocks and ETFs of central state-owned enterprises and technology companies, in order to maintain the stability of the capital market. On the same day, China Guoxin announced that they are also optimistic about the development prospects of the capital market, and they firmly support the innovation and high-quality development of central state-owned enterprises in technology. Their subsidiary Guoxin Investment Co., Ltd. has already used stock repurchases to increase their holdings by over 50 billion yuan to maintain market stability. They plan to continue using this policy tool in the future, along with their own funds, to increase their holdings in central state-owned enterprise stocks, in order to protect the core strategic value of the capital market and ensure its stable and healthy operation. Funds continue to enter the market. In the past week, the total net inflow of ETFs in the entire market was 229.83 billion yuan, with net inflows of 1561.28 billion yuan in broad-based ETFs. ETFs tracking the Shanghai and Shenzhen 300, CSI 1000, and STAR 50 indexes received net inflows of 39.84 billion yuan, 256.28 billion yuan, and 196.19 billion yuan respectively, becoming the main attractors of funds.