Central Huijin Steps Up Investment to Bolster Stock Market

Central Huijin Investment Ltd., the domestic arm of China’s sovereign wealth fund China Investment Corp., bought exchange-traded funds Monday in an apparent move to shore up the sagging stock market.

Central Huijin didn’t elaborate on the amount of ETFs it purchased but said it will keep expanding such holdings in the future. It was the second time this month that the state-run fund disclosed its open-market investment, following a 477 million yuan ($65.7 million) purchase of shares in the nation’s Big Four lenders.