The battle for A shares at 3000 points is extremely intense!

According to Wind data, the trading volume of several Shanghai and Shenzhen 300 ETFs has significantly increased in the afternoon. As can be seen from the figure below, there were two obvious volume surges for Huatai BaoRui Fund SZSE 300 ETF, Huaxia SZSE 300 ETF, E Fund SZSE 300 ETF, and Jiashi Fund SZSE 300 ETF during the hour after the afternoon market opened at 13:00-14:00, and the last half hour of the closing market. Apart from several Shanghai and Shenzhen 300 ETFs, Huaxia Fund Shanghai Stock Exchange 50 ETF also experienced two obvious volume surges in the afternoon.

In addition to several Shanghai and Shenzhen 300 ETFs, Huaxia Fund Shanghai Stock Exchange 50 ETF also experienced two obvious volume surges in the afternoon.

As of 14:00, the trading volume of Huatai BaoRui Fund SZSE 300 ETF, Huaxia SZSE 300 ETF, E Fund SZSE 300 ETF, and Jiashi Fund SZSE 300 ETF were 3.482 billion yuan, 1.808 billion yuan, 1.515 billion yuan, and 1.512 billion yuan, respectively, a significant increase compared to the morning's trading volume.

In just the first hour of the afternoon market, the trading volumes of Huatai BaoRui Fund SZSE 300 ETF, Huaxia SZSE 300 ETF, E Fund SZSE 300 ETF, and Jiashi Fund SZSE 300 ETF increased by 1.841 billion yuan, 1.559 billion yuan, 1.299 billion yuan, and 956 million yuan, respectively, all exceeding yesterday's total trading volume.

The trading volume of Huaxia Fund Shanghai Stock Exchange 50 ETF as of 14:00 today was 2.622 billion yuan, an increase of 1.406 billion yuan from the morning, and a 40% increase from 1.868 billion yuan yesterday.

In terms of the final trading volume at the close, the trading volumes of Huatai BaoRui Fund SZSE 300 ETF, Huaxia Fund Shanghai Stock Exchange 50 ETF, and Jiashi Fund SZSE 300 ETF were 6.91 billion yuan, 3.996 billion yuan, and 2.928 billion yuan, respectively, an increase of 253%, 113.9%, and 176.78%. E Fund SZSE 300 ETF's trading volume today increased sevenfold to 2.609 billion yuan, while Huaxia SZSE 300 ETF's increased tenfold to 2.509 billion yuan.

Therefore, the total trading volume of these four Shanghai-Shenzhen 300 ETFs and Huaxia Fund Shanghai Stock Exchange 50 ETF today was 18.951 billion yuan, an increase of 13.532 billion yuan from yesterday's 5.42 billion yuan.

However, compared to the situation of the last volume surge of Shanghai and Shenzhen 300 ETFs, the total trading volume of the four Shanghai-Shenzhen 300 ETFs on March 5th was as high as 27.199 billion yuan.

Who is this mysterious 13.532 billion yuan capital?

From the top ten holders of ETFs in 2023, Central Huijin Investment holds Huaxia Shanghai Stock Exchange 50 ETF, Huaxia SZSE 300 ETF, Jiashi Fund SZSE 300 ETF, E Fund SZSE 300 ETF, and Huatai BaoRui Fund SZSE 300 ETF. Among these, Huaxia Shanghai Stock Exchange 50 ETF has the largest number of holdings, up to 12.36 billion shares, an increase of 5.615 billion shares from the first half of last year, while Huatai BaoRui Fund SZSE 300 ETF increased its holding by 3.823 billion shares during the same period. E Fund SZSE 300 ETF is a new target, and its holdings increased by 6.146 billion shares in the second half of last year.

As of the end of last year, Central Huijin Assets held 628 million shares of Jiashi Fund SZSE 300 ETF, an increase of 24.5663 million shares.

On February 6th of this year, Central Huijin Investment Co., Ltd. issued a notice stating that it fully recognizes the value of the current A-share market allocation and has recently expanded the scope of trading index ETFs, and will continue to increase its holdings and expand its holdings scale to firmly maintain the stable operation of the capital market.

According to Wind data, Central Huijin Investment Co., Ltd. significantly increased its holdings of several mainstream broad-based ETFs in the first quarter of this year. If estimated based on the average price in the first quarter, these four index products, such as E Fund SZSE 300 ETF, Huaxia SZSE 300 ETF, Huaxia Shanghai Stock Exchange 50 ETF, and Jiashi Fund SZSE 300 ETF, were either increased or exceeded 220 billion yuan in total by Central Huijin Investment Co., Ltd.

From the capital trend of ETFs this year, several Shanghai-Shenzhen 300 ETFs are the main players in attracting funds. Only E Fund SZSE 300 ETF, Huatai BaoRui Fund SZSE 300 ETF, Huaxia SZSE 300 ETF, and Jiashi Fund SZSE 300 ETF have a net inflow of 247.558 billion yuan so far this year as of June 20th.

According to the report released by UBS on February 27th, the size of funds injected into A-shares by the Chinese state-owned teams through ETF has been estimated at RMB 410 billion so far this year, with the CSI 300 index, CSI 500 index, CSI 1000 index, and SME 300 ETF accounting for 75.9%, 12.9%, 6.7%, and 4.5%, respectively.

The bank also pointed out that as a long-term investor, the state-owned teams are unlikely to reduce their shareholdings in the short term, and their positions this year are still far below their historical highs, with potential for further inflows in extreme market conditions.