Central Huijin's large-scale increase in ETF holdings releases three major signals.

According to statistics, as of the end of June, Central Huijin Investment Limited Liability Company and its subsidiary Central Huijin Asset Management Limited Liability Company together held a total market value of 1.28 trillion yuan in stock ETFs, an increase of nearly 23% from the end of last year, reaching a historical high. In the first half of the year, Central Huijin Asset Management significantly increased its holdings of stock ETFs, with the number of stock ETFs held at the end of June being 1.58 times that of the end of last year, with several broad-based ETFs receiving increases of over 1 billion shares. As a "national team" in the capital market, Central Huijin has always been an important strategic force in maintaining market stability, playing a role similar to a "stabilization fund". The author believes that Central Huijin's significant increase in holdings in the first half of the year has sent multiple positive signals to the market. First, it shows confidence in the future development prospects of China's capital market and a firm determination to maintain market stability. Second, it acknowledges the current overall valuation levels of the market, actively playing the role of patient capital and long-term capital. Third, it actively guides long-term and value investments.