China’s Sovereign Fund Poured $45 Billion into Stock Market in First Quarter

What’s new: China’s sovereign wealth fund Central Huijin Investment Ltd. has spent nearly 330 billion yuan ($45.5 billion) in the first quarter shoring up the ailing stock market, Caixin’s calculation based on market data showed.

During the first three months, Central Huijin significantly increased its holdings of onshore exchange-traded funds by more than 122 billion shares, according to recent released quarterly ETF filings.