On October 23rd, Central Huijin Investment Co., Ltd. (hereinafter referred to as "Huijin Company") announced that Huijin Company would buy ETFs on

 the same day and continue to increase its holdings in the future.

This is another major move since Huijin Company increased its holdings in the four major banks on October 11th. On the evening of October 11th, 

Huijin Company increased its holdings in the four major banks again after 8 years, with a total investment of nearly 500 million yuan. Industrial and 

Commercial Bank of China (4.760, -0.06, -1.24%), Agricultural Bank of China (3.600, -0.05, -1.37%), Bank of China (3.840, -0.08, -2.04%), and China 

Construction Bank (6.420, -0.08, -1.23%) collectively announced that Huijin Company plans to continue to increase its holdings in the four major banks

 in the secondary market in its own name within the next six months.

Why did Huijin buy ETFs again after increasing its holdings in the four major banks? Industry insiders analyze that ETFs mainly track market indices, 

representing the overall market. The increase in holdings of blue chip ETFs in the broader market has a more significant supporting effect on relevant

 blue chip indices, and it also directly boosts overall market sentiment.

Pang Ming, Chief Economist and Research Director of Jones Lang LaSalle in Greater China, explained that ETFs are passive investment products with

 low costs, strong liquidity, clear investment themes, relatively stable styles, high transparency, and simple and convenient trading, which have a higher

 fit with the overall market performance.

This time, Huijin's purchase of ETFs may have a more direct and obvious impact on the entire index, "said Li Zhan, Chief Economist of China Merchants

 Fund Research Department. Firstly, Huijin's increase in holdings of blue chips highlights the allocation value of the capital market. At the same time,

 during the rebound period of economic growth, Huijin's buying effect is often better. The second is that ETFs track market indices, representing the 

overall market. Compared to increasing its holdings in bank stocks, Huijin's purchase of ETFs will have a more significant driving effect on the overall 

stock market and a more direct boost to overall market sentiment.

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