Central Huijin's stable market funds have surfaced, increasing holdings of 10 broad-based ETFs by 200 billion yuan in the second quarter.

In the stock market turbulence at the beginning of April this year, Central Huijin announced that it had increased its holdings in ETFs and clarified for the first time its positioning as a "stabilization fund," greatly boosting market confidence. The latest disclosed second quarter report of the fund shows that Central Huijin spent as much as 200 billion yuan in the second quarter, buying 10 broad-based ETFs and becoming a key player in stabilizing the market.